---
title: "LGB Forge Ltd (LGBFORGE) — Share Price, Financials & Analysis"
symbol: "LGBFORGE"
company: "LGB Forge Ltd"
canonical: "https://tapetide.com/stocks/LGBFORGE"
bse_code: "533007"
sector: "Consumer Discretionary"
industry: "Auto Components"
generated_at: "2026-09-13T18:26:54.437Z"
---

# LGB Forge Ltd (LGBFORGE)

Canonical page: https://tapetide.com/stocks/LGBFORGE

## Company

- **BSE Code:** 533007
- **Sector:** Consumer Discretionary
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** lgbforge.co.in

## About

Incorporated in 2006, LGB Forge Ltd manufactures Forged and Machined Components[1]

## Latest Price

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 65.2 days to 51.5 days

### Weaknesses

- Stock is trading at 7.76 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.08%
- The company has delivered a poor sales growth of 2.29% over past five years.
- Company has a low return on equity of -25.3% over last 3 years.
- Earnings include an other income of Rs.10.6 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -160% | 21% | — |
| revenue growth | 5% | 4% | 2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29 | 23 | 20 | 23 | 23 | 24 | 24 | 28 | 26 | 24 | 26 | 28 |
| Expenses | 29 | 22 | 21 | 23 | 23 | 24 | 23 | 26 | 26 | 24 | 25 | 27 |
| Operating Profit | 0 | 0 | -1 | 0 | 0 | 1 | 1 | 2 | 0 | 0 | 1 | 2 |
| OPM % | 0.4 | 2.1 | -6 | -1.8 | 1.4 | 2.3 | 3.5 | 6 | 1.7 | 1.2 | 2.6 | 5 |
| Other Income | 0 | -1 | -1 | 2 | 0 | 0 | 0 | 1 | 0 | -1 | 0 | 10 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -2 | -2 | -3 | 0 | -1 | 0 | 0 | 1 | -1 | -2 | -1 | 10 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -2 | -2 | -3 | 0 | -1 | 0 | 0 | 1 | -1 | -2 | -1 | 10 |
| EPS in Rs | -0.07 | -0.09 | -0.14 | 0.02 | -0.04 | -0.02 | -0.02 | 0.04 | -0.03 | -0.08 | -0.02 | 0.43 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 100 | 132 | 101 | 92 | 130 | 92 | 89 | 94 | 103 | 104 |
| Expenses | 98 | 123 | 95 | 83 | 120 | 96 | 89 | 93 | 100 | 101 |
| Operating Profit | 2 | 9 | 6 | 9 | 10 | -4 | 0 | 1 | 3 | 3 |
| OPM % | 1.6 | 7 | 6 | 10 | 8 | -4.8 | 0.1 | 1.6 | 3.2 | 2.8 |
| Other Income | 0 | 1 | 1 | 1 | 1 | 1 | -4 | 3 | 1 | 11 |
| Interest | 3 | 5 | 3 | 2 | 2 | 3 | 4 | 3 | 3 | 3 |
| Depreciation | 2 | 3 | 4 | 5 | 5 | 3 | 3 | 3 | 3 | 4 |
| Profit before tax | -3 | 2 | -1 | 3 | 3 | -9 | -10 | -1 | -2 | 7 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -3 | 2 | -1 | 3 | 3 | -9 | -10 | -1 | -2 | 7 |
| EPS in Rs | -0.13 | 0.09 | -0.03 | 0.14 | 0.14 | -0.39 | -0.41 | -0.05 | -0.09 | 0.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 15 | 15 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | -8 | -12 | 8 | 8 | 12 | 16 | 6 | -4 | -6 | -8 |
| Borrowings | 18 | 17 | 11 | 15 | 13 | 13 | 27 | 30 | 27 | 28 |
| Other Liabilities | 22 | 27 | 39 | 24 | 32 | 32 | 28 | 29 | 18 | 19 |
| Total Liabilities | 46 | 47 | 82 | 71 | 80 | 85 | 85 | 79 | 63 | 63 |
| Fixed Assets | 9 | 12 | 25 | 27 | 24 | 20 | 18 | 12 | 17 | 16 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 37 | 34 | 57 | 44 | 56 | 65 | 68 | 67 | 45 | 45 |
| Total Assets | 46 | 47 | 82 | 71 | 80 | 85 | 85 | 79 | 63 | 63 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4 | 11 | 0 | 5 | 4 | 2 | -9 | 4 | 16 | 5 |
| Cash from Investing Activity | 4 | -6 | -15 | -3 | -2 | 0 | -2 | -2 | -3 | -3 |
| Cash from Financing Activity | -8 | -5 | 16 | -2 | -2 | -2 | 11 | -1 | -13 | -2 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 8 | 5 | -16 | 2 | 2 | 2 | -11 | 2 | 7 | 2 |
| CFO/OP | -315 | 680 | -4 | 97 | 40 | 22 | 210 | 4375 | 1061 | 148 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 69 | 66 | 71 | 77 | 135 | 98 | 136 | 128 | 97 | 95 |
| Inventory Days | 172 | 88 | 137 | 140 | 165 | 145 | 235 | 249 | 144 | 129 |
| Days Payable | 141 | 135 | 183 | 150 | 231 | 147 | 173 | 193 | 78 | 90 |
| Cash Conversion Cycle | 99 | 20 | 25 | 67 | 68 | 96 | 199 | 184 | 163 | 135 |
| Working Capital Days | 16 | -14 | 27 | 29 | 50 | 54 | 59 | 70 | 74 | 52 |
| ROCE % | -11 | -1 | 22 | 5 | 11 | 12 | -11 | -4 | -2 | 2 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.17% | 64.17% | 74.9% | 74.9% | 74.17% | 73.82% | 73.83% | 73.79% | 73.79% | 72.89% | 70.81% |
| FIIs | 0.01% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 35.82% | 35.83% | 25.09% | 25.09% | 25.82% | 26.17% | 26.16% | 26.19% | 26.19% | 27.09% | 29.18% |
| No. of Shareholders | 16550 | 15785 | 15596 | 15626 | 16726 | 30294 | 31938 | 36609 | 39493 | 38348 | 38221 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.79% | 73.79% | 73.79% | 73.79% | 73.79% | 73.79% | 73.79% | 73.79% | 73.79% | 72.89% | 72.89% | 70.81% |
| FIIs | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 26.21% | 26.2% | 26.19% | 26.18% | 26.19% | 26.2% | 26.19% | 26.19% | 26.19% | 27.09% | 27.09% | 29.18% |
| No. of Shareholders | 31409 | 34083 | 36609 | 41329 | 39916 | 39724 | 39493 | 38694 | 38517 | 38925 | 38348 | 38221 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 6.12 | Sell |
| EMA (10) | 5.94 | Sell |
| SMA (20) | 6.15 | Sell |
| EMA (20) | 6.03 | Sell |
| SMA (50) | 5.88 | Sell |
| EMA (50) | 6 | Sell |
| SMA (100) | 6.24 | Sell |
| EMA (100) | 6.21 | Sell |
| SMA (200) | 6.75 | Sell |
| EMA (200) | 6.93 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.73 | Neutral |
| MACD (12,26,9) | -0.03 | Sell |
| Stochastic (14,3,3) | 2.84 | Buy |
| ADX (14) | 20.41 | Neutral |
| Williams %R (14) | -98.54 | Buy |
| ATR (14) | 0.34 | High Volatility |
| ROC (12) | -20.42 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 33.29 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 19 Aug - Newspaper advertisement on the information regarding Postal Ballot | [Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Newspaper advertisement on the information regarding Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae91f573-25e3-4dfe-b083-36ddd274f15e.pdf) |
| 15 Aug - LGB Forge held its 20th AGM on 14 August 2026 via VC/OAVM and discussed FY26 results and resolutions. | [Proceedings Of AGM 15 Aug - LGB Forge held its 20th AGM on 14 August 2026 via VC/OAVM and discussed FY26 results and resolutions.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fbbc0320-85fd-4afd-981d-4d752046176c.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Outcome of AGM 19 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df859171-0d8a-439c-b0ba-73fd9222c78e.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4e3f05e-72af-40c6-8819-0f5d93133bed.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 17 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1c28fdd-7e24-4532-a566-62d0341f6710.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2581e77-5ab2-45e1-afe0-c3857420b16c.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d11c352-5ee4-484c-b7ba-2a8985d4b7a3.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb8c43c1-0478-40fe-ac73-94ddfe6158d4.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3581e49c-e227-4368-86d5-28813ba023d3.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533007/76427533007.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533007/71505533007.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533007/64947533007.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533007/5330070319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533007/5330070318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533007/5330070317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:54.437Z.