L.G. Balakrishnan & Bros Limited (LGBBROSLTD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+26.3%

₹2,151.69

vs ₹1,703.00 price

Levered DCF

₹1,351.04

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.4×	12.86×	14.47×	9.25×	6.87×	7.19×	5.57×	12.25×
P/B	2.43×	2.04×	2.39×	1.71×	1.49×	1.09×	0.72×	1.83×
P/S	1.7×	1.51×	1.67×	1.06×	0.8×	0.6×	0.35×	0.78×
EV / EBITDA	9.8×	9.71×	8.93×	5.66×	4.08×	3.59×	3.04×	6.4×
Gross margin	35.6%	56.2%	52.0%	53.4%	40.4%	41.2%	43.9%	42.7%
Operating margin	12.0%	39.7%	36.4%	13.7%	14.6%	10.3%	7.4%	9.2%
Net margin	10.4%	11.7%	11.6%	11.4%	11.7%	8.3%	6.3%	6.4%
Current ratio	1.78×	2.19×	2.1×	2.38×	2.04×	1.66×	1.65×	1.38×
Debt / equity	0.11×	0.08×	0.07×	0.08×	0.09×	0.09×	0.18×	0.33×
Interest coverage	24.34×	100.46×	96.15×	38.98×	33.18×	15.16×	6.58×	11.27×
Dividend yield	1.2%	1.4%	1.3%	2.0%	1.9%	0.0%	7.4%	1.4%
Payout ratio	19.9%	18.5%	18.4%	18.6%	12.7%	0.2%	41.0%	17.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.8%	15.9%	16.5%	18.5%	21.7%	15.2%	13.0%	15.0%
Return on invested capital	11.5%	37.7%	35.4%	14.8%	18.1%	12.4%	9.7%	10.5%
Return on assets	10.6%	11.8%	12.1%	13.5%	14.4%	9.8%	8.1%	8.2%
Free cash flow yield	-0.2%	-0.3%	4.6%	3.7%	9.2%	19.6%	22.4%	-7.7%
Earnings yield	6.1%	7.8%	6.9%	10.8%	14.6%	13.9%	17.9%	8.2%
Enterprise value	₹54.4B	₹40.3B	₹40.2B	₹24.2B	₹17.3B	₹9.8B	₹6.4B	₹14.3B
Net debt / EBITDA	0.38×	0.35×	0.22×	0.21×	0.1×	0.09×	0.6×	0.94×
Cash conversion cycle (days)	79	93	89	115	107	75	64	72