As of 6 Nov 2026, LGB Forge trades at 16.6× trailing earnings, below the industry P/E of 25.1×, and the shares are 53% below their 52-week high. Its ROCE of 1.9% is the second-lowest among the 7 largest Metal Fabrication peers, and sales grew 4.2% a year over 3 years. Debt is 1.70× equity. It is a small-cap company with a market cap of ₹119 Cr, ranked 53rd of 71 Metal Fabrication companies by market cap; the shares fell 51% over the past year.
- ₹5.05
- ₹5.09
- ₹4.91
- ₹5.04
- 39.2K
Health check
- ReturnsBehind
−51.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.6 vs industry 25.1.
- GrowthSlow
Sales +4.2% a year over 3 years.
- ProfitabilityWeak
ROCE 1.9% vs peer median 15.6%.
- Balance sheetStretched
Debt 1.70× equity, interest covered 0.2×, Piotroski 6 of 9.
- Red flags4 to check
Return on equity is low at −12.8%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹119 Cr
- Small cap
- P/E
- 16.6
- Industry 25.1
- Price to book
- 7.29
- Peers 7.00
- Dividend yield
- 0.00%
- ROE
- −12.8%
- Peers 8.6%
- ROCE
- 1.9%
- Peers 15.6%
- Debt to equity
- 1.70
- Debt ₹28 Cr
- EPS (TTM)
- ₹0.30
- OPM (TTM)
- 2.8%
- Net margin 6.9%
- Sales growth
- +1.5%
- Latest quarter vs a year ago
- Profit growth
- +1069.4%
- Latest quarter vs a year ago
- Price to sales
- 1.14
- EV/EBITDA 44.7
Strengths and risks
Strengths
- Quarterly profit up 1069.4% on a year ago.
- P/E of 16.6 against an industry P/E of 25.1.
Risks to check
- Return on equity is low at −12.8%.
- Debt is 1.70× equity.
- 53% below its 52-week high.
- Interest coverage of only 1.3×.
About LGB Forge
LGB Forge Limited engages in the manufacture and sale of forged and machined components in India. It provides auto, electrical, and transmission forged components for valve and infrastructure equipment industry comprising machining for customers in automotive, off-road, and non-automotive segments; and hot, warm, and cold forging products. The company also exports its products. LGB Forge Limited was founded in 1937 and is based in Coimbatore, India.
- Headquarters
- Coimbatore
- Employees
- 221
- Sector
- Industrials
- ISIN
- INE201J01017
- Website
- lgbforge.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 51.4%
- From 52-week high
- minus 52.6%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| LGBFORGELGB Forge | 4.98 | minus 1.19% | 119 | 16.6 | 7.29 | 1.9% | −12.8% | 2.8% | 4.2% | – | 0.00% | minus 51.4% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 27.6 | 26 | 23.8 | 25.7 | 28.1 | |
| 26 | 25.6 | 23.6 | 25 | 26.6 | |
| 1.7 | 0.4 | 0.3 | 0.7 | 1.5 | |
| 6.1% | 1.7% | 1.1% | 2.6% | 5.3% | |
| 0.8 | 0.4 | 0.1 | 0.4 | 0.3 | |
| 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | |
| 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | |
| – | – | −0.6 | −0 | 10.1 | |
| 0.9 | −0.7 | −1.9 | −0.5 | 10.3 | |
| 0.9 | −0.7 | −1.9 | −0.5 | 10.3 | |
| 0.04 | -0.03 | -0.08 | -0.02 | 0.43 |
Profit & loss
- Sales CAGR 3Y
- +4.2%
- ROE
- −12.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 85.2 | 82 | 87.1 | 96.5 | |
| – | minus 3.7% | +6.1% | +10.8% | |
| 88.9 | 81.8 | 85 | 92.9 | |
| −3.7 | 0.3 | 2.1 | 3.6 | |
| −4.3% | 0.3% | 2.4% | 3.7% | |
| −0.1 | 0 | 0 | 0.5 | |
| 2.1 | 3.2 | 2.5 | 2.9 | |
| 3 | 2.8 | 2.9 | 3.5 | |
| −0 | 0 | 2 | −0 | |
| −8.9 | −5.6 | −1.2 | −2.2 | |
| −9.3 | −9.9 | −1.2 | −2.2 | |
| -0.39 | -0.41 | -0.05 | -0.09 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.8 | 23.8 | 23.8 | 23.8 | |
| 6.3 | −3.7 | −5.5 | −7.5 | |
| 27 | 29.7 | 26.5 | 27.6 | |
| 28 | 29.1 | 17.7 | 19 | |
| 85.2 | 79 | 62.5 | 62.9 | |
| 17.2 | 11.9 | 17.2 | 17.2 | |
| – | – | – | 1.4 | |
| 0.9 | 1.3 | 1.6 | 1.7 | |
| 0 | 0 | 0 | 0 | |
| 67.1 | 65.8 | 43.7 | 42.5 | |
| 85.2 | 79 | 62.5 | 62.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −5 | 2.5 | 15.6 | 4.9 | |
| −2 | −1.5 | −2.9 | −2.7 | |
| 7.1 | −1.1 | −12.7 | −2.3 | |
| 0 | −0 | 0 | −0 | |
| −2.1 | −1.8 | −8.5 | −3.9 | |
| −7.1 | 0.7 | 7.1 | 1.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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