533007
LGB Forge financials
- Market cap
- ₹132 Cr
What LGB Forge does
LGB Forge Limited was incorporated on 07.06.2006 and is classified under the Automobile Industry. It manufactures forged components through its Hot Forging Unit at Coimbatore, commissioned in January 2025 after the company discontinued operations at, and sold, its earlier Pondicherry plant via slump sale to group company L.G. Balakrishnan & Bros Limited during FY2023-24. The company intends to set up a further plant at Oragadam, Kancheepuram to add manufacturing capacity. It carries out material related-party transactions (sale, purchase and supply of goods/materials) with L.G. Balakrishnan & Bros Limited.
- Manufacturing plants
- 1 operating unit (Hot Forging Unit, Coimbatore, commissioned Jan 2025); new plant planned at Oragadam, Kancheepuram
- Plants divested
- Pondicherry plant sold via slump sale in FY2023-24
Quarterly results
Q1 FY27: revenue up 0.0%, net profit up 900.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 24 | 24 | 28 | 26 +13% | 24 +0% | 26 +8% | 28 +0% |
| EBITDA | 0 | 1 | 1 | 2 | 0 | 0 −100% | 1 +0% | 2 +0% |
| Net profit | -1 | 0 | 0 | 1 | -1 +0% | -2 | -1 | 10 +900% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −42.2% 1Y
1Y: ₹9.24 on 10 Sept 2025 → ₹5.34. High ₹10.98 (27 Oct 2025), low ₹4.76 (24 Jun 2026).
Financials, as filed
Revenue fell 2.0% a year over 3 years, FY23 to FY26. Operating margin widened to 2.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹110 Cr | ₹95 Cr | ₹94 Cr | ₹104 Cr |
| Operating profit | ₹-3 Cr | ₹-1 Cr | ₹2 Cr | ₹3 Cr |
| Operating margin | -2.3% | -1.1% | 2.1% | 2.9% |
| Interest | ₹2 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹-9 Cr | ₹-10 Cr | ₹-1 Cr | ₹-3 Cr |
| Net margin | -8.4% | -10.5% | -1.1% | -2.9% |
| Cash from operations | ₹-9 Cr | ₹4 Cr | ₹16 Cr | ₹5 Cr |
| Free cash flow | ₹-11 Cr | ₹2 Cr | ₹7 Cr | ₹2 Cr |
| ROCE | -11.0% | -4.0% | -2.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹12 Cr | ₹16 Cr | ₹6 Cr | ₹-4 Cr | ₹-5 Cr | ₹-8 Cr |
| Borrowings | ₹13 Cr | ₹13 Cr | ₹27 Cr | ₹30 Cr | ₹26 Cr | ₹28 Cr |
| Other liabilities | ₹32 Cr | ₹32 Cr | ₹28 Cr | ₹29 Cr | ₹24 Cr | ₹19 Cr |
| Total liabilities | ₹80 Cr | ₹85 Cr | ₹85 Cr | ₹79 Cr | ₹68 Cr | ₹63 Cr |
| Fixed assets | ₹24 Cr | ₹20 Cr | ₹18 Cr | ₹12 Cr | ₹16 Cr | ₹16 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹56 Cr | ₹65 Cr | ₹68 Cr | ₹67 Cr | ₹52 Cr | ₹45 Cr |
| Total assets | ₹80 Cr | ₹85 Cr | ₹85 Cr | ₹79 Cr | ₹68 Cr | ₹63 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +2.99 pp while promoters trimmed −2.98 pp. The shareholder count shrank 1% to 38,221.
- Promoters
- 70.8%
- DIIs
- 0.0%
- Public
- 29.2%
Since Jun 2025
- Public +2.99 pp
- Promoters −2.98 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.8% to 70.8% — −3.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '23: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Mar '24: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Jun '24: Promoters 73.8%, FIIs 0.0%, DIIs 0.0%, Public 26.2%.Sep '24: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '24: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Mar '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Jun '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Sep '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '25: Promoters 72.9%, DIIs 0.0%, Public 27.1%.Mar '26: Promoters 72.9%, DIIs 0.0%, Public 27.1%.Jun '26: Promoters 70.8%, DIIs 0.0%, Public 29.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of LGB Forge above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| V Rajvirdhan | 28.45% | unchanged |
| L.G Balakrishnan & Bros Limited | 12.17% | unchanged |
| Elgi Automotive Services Private Limited | 9.52% | unchanged |
| Rajsri Vijaykumar | 6.30% | unchanged |
| B Vijayakumar | 6.30% | unchanged |
| Lgb Auto Products Private Limited | 5.94% | unchanged |
| Lg Farm Products Private Limited | 1.41% | −2.08 pp |
| Super Transports Private Limited | 0.71% | unchanged |
| Silent Chain India Pvt Ltd | 0.01% | unchanged |
| Tribe Holdings Private Limited | 0.00% | unchanged |
| Super Speeds Private Limited | 0.00% | unchanged |
| Lg Sports Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse LGB Forge
Guides on how to read this kind of business and the numbers that matter.