LGB Forge Ltd

LGBFORGE

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Market Cap

₹ 190 Cr

P/E

—

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

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Overview

Detailed Summary

LGB Forge Ltd, a public limited company, specializes in manufacturing cold and hot forged components with facilities across Tamil Nadu, Karnataka, and Pondicherry.

Initially founded in 1937 as a transport company, LGB has evolved into a diversified midcap manufacturing firm with a focus on transmission products like chains and sprockets.

The company has four business segments and holds a strong reputation for supplying reputed companies both in India and overseas, particularly focusing on the export market.

From 2008, LGB Forge Ltd has been publicly listed, and the company has consistently increased its production capacity to meet growing demand.

Sector

Castings, Forgings & Fastners

Industry

Forgings - Medium / Small

Market Cap

190 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

25.2

PEG Ratio

—

P/B Ratio

10.3

52W High

21.75

52W Low

7.90

Sales CAGR

5.21%

-10.25%

-1.45%

10Y

-0.44%

Profit CAGR

87.64%

—

10Y

—

ROE

TTM

-3.67%

-29.72%

-9.41%

10Y

-8.73%

ROCE

TTM

4.58%

-7.51%

1.68%

10Y

4.69%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GTV	57.08	267 Cr	18.96	5.06	0.35	26.71	33.11	16.99
MUNISH	110.85	267 Cr	18.66	2.08	0.00	0.00	0.00	4.09
KALYANIFRG	660.00	240 Cr	31.61	2.61	0.61	8.26	10.09	2.94
LGBFORGE	7.98	190 Cr	—	10.31	0.00	-3.67	4.58	-1.00
KVFORGE	134.05	149 Cr	22.87	3.43	1.83	15.00	21.40	10.38
FORGEAUTO	124.00	135 Cr	13.78	2.33	0.00	16.68	18.67	7.13
SAMRATFORG	248.20	124 Cr	33.14	3.21	0.00	9.68	9.84	2.05

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	23	29	23	20	23	23	24	24	28	26
Expenses	23	29	23	21	23	23	24	23	26	26
Operating Profit	-0.49	0.13	0.49	-1.19	-0.41	0.34	0.56	0.83	1.67	0.44
OPM %	-2.16	0.45	2.13	-6.01	-1.82	1.45	2.31	3.47	6.04	1.69
Other Income	0.17	0.27	0.16	0.04	2.23	0.02	0.30	0.32	0.82	0.38
Interest	0.70	0.99	0.86	0.64	0.67	0.55	0.59	0.70	0.74	0.68
Depreciation	0.71	1.13	0.68	0.67	0.67	0.69	0.70	0.85	0.87	0.87
Profit Before Tax	-1.73	-1.74	-0.89	-2.46	0.48	-0.88	-0.43	-0.40	0.88	-0.73
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-1.73	-1.74	-0.89	-2.46	0.48	-0.88	-0.43	-0.40	0.88	-0.73
EPS in Rs	-0.11	-0.07	-0.09	-0.13	0.02	-0.04	-0.02	-0.01	0.04	-0.03

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	93	102	132	101	92	130	92	89	94	99
Expenses	84	98	123	96	83	120	96	90	93	96
Operating Profit	8.95	4.07	8.71	5.49	9.21	9.58	-4.90	-0.30	1.32	3.40
OPM %	9.63	3.98	6.61	5.43	10.00	7.36	-5.36	-0.34	1.41	3.43
Other Income	4.25	0.40	1.45	0.82	0.74	0.65	1.20	0.61	2.87	1.46
Interest	2.93	3.13	4.89	2.53	1.88	2.25	2.14	3.17	2.50	2.58
Depreciation	2.28	2.02	3.20	4.42	4.64	4.53	3.01	2.77	2.91	3.11
Profit Before Tax	-2.17	-3.18	2.06	-0.64	3.43	3.44	-8.86	-5.62	-1.22	-0.83
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-2.17	-3.18	2.06	-0.64	3.43	3.44	-8.86	-5.62	-1.22	-0.83
EPS in Rs	-0.08	-0.14	0.09	-0.03	0.13	0.14	-0.39	-0.40	-0.05	-0.02
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	15	15	15	24	24	24	24	24	24	24
Reserves	-5.89	-8.24	-12	8.03	8.03	12	16	6.35	-3.65	-5.53
Borrowings	21	16	14	8.56	12	13	13	27	30	27
Other Liabilities	25	23	29	42	27	32	32	28	29	18
Total Liabilities	56	46	47	82	71	80	85	85	79	63
Fixed Assets	12	8.76	12	25	27	24	20	18	12	17
CWIP	0.00	0.00	0.38	0.07	0.14	0.50	0.10	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	44	37	34	57	44	56	65	68	67	45
Total Assets	56	46	47	82	71	80	85	85	79	63

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.32	3.78	11	-0.41	5.34	3.95	2.25	-9.07	3.50	16
Cash from Investing Activity	1.78	4.45	-5.97	-15	-3.08	-1.86	-0.23	-2.11	-2.14	-2.90
Cash from Financing Activity	-4.16	-8.23	-4.80	16	-2.20	-2.19	-2.03	11	-1.36	-13
Net Cash Flow	-0.05	-0.01	-0.00	0.03	0.06	-0.10	-0.00	0.00	-0.00	0.00

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	73.82%	73.82%	73.82%	73.79%	73.79%	73.79%	73.79%	73.79%	73.79%	73.79%	73.79%	73.79%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	26.17%	26.17%	26.17%	26.20%	26.20%	26.20%	26.19%	26.20%	26.20%	26.20%	26.20%	26.20%
Total Shareholders	32,483	31,938	31,575	31,409	34,083	36,609	41,329	39,916	39,724	39,493	38,694	38,517

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Aug 18, 2023	Vijayshree vijayakumar	Insider - Promoter	Disposal	8.76	0.05 Cr	61,250	0.03
Jun 19, 2023	Tribe holdings private limited	Insider - Promoter	Disposal	10.54	0.01 Cr	9,900	—

Projection

Actions

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Bullish

Overall

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Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	23	29	23	20	23	23	24	24	28	26
Expenses	23	29	23	21	23	23	24	23	26	26
Operating Profit	-0.49	0.13	0.49	-1.19	-0.41	0.34	0.56	0.83	1.67	0.44
OPM %	-2.16	0.45	2.13	-6.01	-1.82	1.45	2.31	3.47	6.04	1.69
Other Income	0.17	0.27	0.16	0.04	2.23	0.02	0.30	0.32	0.82	0.38
Interest	0.70	0.99	0.86	0.64	0.67	0.55	0.59	0.70	0.74	0.68
Depreciation	0.71	1.13	0.68	0.67	0.67	0.69	0.70	0.85	0.87	0.87
Profit Before Tax	-1.73	-1.74	-0.89	-2.46	0.48	-0.88	-0.43	-0.40	0.88	-0.73
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-1.73	-1.74	-0.89	-2.46	0.48	-0.88	-0.43	-0.40	0.88	-0.73
EPS in Rs	-0.11	-0.07	-0.09	-0.13	0.02	-0.04	-0.02	-0.01	0.04	-0.03

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	93	102	132	101	92	130	92	89	94	99
Expenses	84	98	123	96	83	120	96	90	93	96
Operating Profit	8.95	4.07	8.71	5.49	9.21	9.58	-4.90	-0.30	1.32	3.40
OPM %	9.63	3.98	6.61	5.43	10.00	7.36	-5.36	-0.34	1.41	3.43
Other Income	4.25	0.40	1.45	0.82	0.74	0.65	1.20	0.61	2.87	1.46
Interest	2.93	3.13	4.89	2.53	1.88	2.25	2.14	3.17	2.50	2.58
Depreciation	2.28	2.02	3.20	4.42	4.64	4.53	3.01	2.77	2.91	3.11
Profit Before Tax	-2.17	-3.18	2.06	-0.64	3.43	3.44	-8.86	-5.62	-1.22	-0.83
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-2.17	-3.18	2.06	-0.64	3.43	3.44	-8.86	-5.62	-1.22	-0.83
EPS in Rs	-0.08	-0.14	0.09	-0.03	0.13	0.14	-0.39	-0.40	-0.05	-0.02
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	15	15	15	24	24	24	24	24	24	24
Reserves	-5.89	-8.24	-12	8.03	8.03	12	16	6.35	-3.65	-5.53
Borrowings	21	16	14	8.56	12	13	13	27	30	27
Other Liabilities	25	23	29	42	27	32	32	28	29	18
Total Liabilities	56	46	47	82	71	80	85	85	79	63
Fixed Assets	12	8.76	12	25	27	24	20	18	12	17
CWIP	0.00	0.00	0.38	0.07	0.14	0.50	0.10	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	44	37	34	57	44	56	65	68	67	45
Total Assets	56	46	47	82	71	80	85	85	79	63

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.32	3.78	11	-0.41	5.34	3.95	2.25	-9.07	3.50	16
Cash from Investing Activity	1.78	4.45	-5.97	-15	-3.08	-1.86	-0.23	-2.11	-2.14	-2.90
Cash from Financing Activity	-4.16	-8.23	-4.80	16	-2.20	-2.19	-2.03	11	-1.36	-13
Net Cash Flow	-0.05	-0.01	-0.00	0.03	0.06	-0.10	-0.00	0.00	-0.00	0.00

Overview

Detailed Summary

LGB Forge Ltd, a public limited company, specializes in manufacturing cold and hot forged components with facilities across Tamil Nadu, Karnataka, and Pondicherry.

Initially founded in 1937 as a transport company, LGB has evolved into a diversified midcap manufacturing firm with a focus on transmission products like chains and sprockets.

The company has four business segments and holds a strong reputation for supplying reputed companies both in India and overseas, particularly focusing on the export market.

From 2008, LGB Forge Ltd has been publicly listed, and the company has consistently increased its production capacity to meet growing demand.

Sector

Castings, Forgings & Fastners

Industry

Forgings - Medium / Small

Market Cap

190 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

25.2

PEG Ratio

—

P/B Ratio

10.3

52W High

21.75

52W Low

7.90

Sales CAGR

5.21%

-10.25%

-1.45%

10Y

-0.44%

Profit CAGR

87.64%

—

10Y

—

ROE

TTM

-3.67%

-29.72%

-9.41%

10Y

-8.73%

ROCE

TTM

4.58%

-7.51%

1.68%

10Y

4.69%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
GTV	57.08	267 Cr	18.96	5.06	0.35	26.71	33.11	16.99
MUNISH	110.85	267 Cr	18.66	2.08	0.00	0.00	0.00	4.09
KALYANIFRG	660.00	240 Cr	31.61	2.61	0.61	8.26	10.09	2.94
LGBFORGE	7.98	190 Cr	—	10.31	0.00	-3.67	4.58	-1.00
KVFORGE	134.05	149 Cr	22.87	3.43	1.83	15.00	21.40	10.38
FORGEAUTO	124.00	135 Cr	13.78	2.33	0.00	16.68	18.67	7.13
SAMRATFORG	248.20	124 Cr	33.14	3.21	0.00	9.68	9.84	2.05

Lgb Forge Ltd

LGB Forge Ltd

LGBFORGE

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Overview

Sector

Industry

Market Cap

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P/E Ratio

Industry P/E

PEG Ratio

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Technicals

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Price Chart Comparison

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

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Technicals

Forecasts

Documents

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Financial Statements

AI Powered Summary

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Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

Projection

LGB Forge Ltd

LGBFORGE

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Shareholdings

Shareholding History

Market Transactions

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Announcements

Peers

Price Chart Comparison

Investment Checklist