L

Lloyds Engineering Works Ltd

LLOYDSENGG NSE

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹14,009 Cr
Volatility
Moderate
P/E Ratio
56
EBITDA
₹239 Cr
Return on Equity
19.42%
Debt to Equity
0.08
Book Value
₹11.44
EPS
₹0.77
52W High
₹95.1
52W Low
₹37.4

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Growth Rate

Revenue Growth
55.31% ↗
Net Income Growth
43.98% ↘
Cash Flow Change
-265.06% ↘
ROE
-43.03% ↘
ROCE
-41.88% ↘
EBITDA Margin (Avg.)
-3.38% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 6d ago
AI opinion · based on fundamentals
Risk high

Lloyds Engineering Works Ltd is a mid-cap industrial company with a market cap of ₹13,018 Cr trading at a PE of 65.3x and 7.7x book value. The company delivered TTM sales growth of 54% and profit growth of 84%, with an order book exceeding ₹8,000 Cr, but promoter holding has declined by ~17.9% over three years and the valuation remains elevated relative to historical earnings.

Bull Case 8
  • TTM revenue growth of 54% driven by accelerated project execution across steel and industrial segments, with FY26 consolidated revenue reaching ₹1,301 Cr vs ₹846 Cr in FY25
  • TTM profit growth of 84% indicating strong operating leverage as the company scales up execution on its order book
  • Order book exceeds ₹8,000 Cr (over 6x trailing annual revenue) providing multi-year revenue visibility
  • Company is almost debt-free, giving it financial flexibility to fund capacity expansion and pursue acquisitions like the recent SISCOL stake at ₹1,220 Cr valuation
  • Stock CAGR of 97% over 5 years and 52% over 10 years reflects sustained re-rating driven by business transformation from the erstwhile Lloyds Steels Industries
  • Debtor days improved from 92.2 to 67.3 days indicating better working capital management and faster cash conversion
  • FY26 EBITDA grew 50% YoY to ₹239 Cr, demonstrating margin resilience even as the company scales operations significantly
  • Last year ROE of 16% is reasonable for a capital goods company in a growth phase with near-zero debt
Bear Case 8
  • PE ratio of 65.3x is significantly elevated for an industrials company, implying the market is pricing in several years of high growth with little margin of safety
  • Stock trades at 7.7x book value which is expensive for an engineering/EPC business where asset-heavy operations typically command lower multiples
  • Promoter holding has declined by 17.9% over three years — from ~59% to ~42% — raising questions about promoter confidence and potential dilution of control
  • Company is seeking to raise borrowing limit from ₹1,000 Cr to ₹5,000 Cr, signaling a potential shift from its current debt-free status to a leveraged balance sheet
  • Dividend yield of just 0.28% offers negligible income return to shareholders, with most value dependent on continued capital appreciation
  • Long-term compounded sales and profit growth data (3-year, 5-year, 10-year CAGR) is unavailable, making it difficult to assess consistency of historical performance before the recent surge
  • Related-party transaction limit being raised to ₹5,250 Cr with group entity LMEL introduces governance risk and potential for value leakage to promoter-affiliated entities
  • Supply chain concentration is high with nearly 70% of purchases from trading houses, creating vulnerability to input cost volatility and supplier disruption

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

  Sep 2023Dec 2023Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
122
201
266
232
217
317
272
495
527
Expenses
98
166
223
197
190
268
220
434
461
Operating Profit
24
36
44
35
27
49
53
61
66
OPM %
20%
18%
16%
15%
12%
15%
19%
12%
13%
Other Income
1
1
10
7
9
8
24
9
13
Interest
1
1
3
3
2
4
4
4
3
Depreciation
1
1
3
3
3
6
6
7
7
PBT
23
35
48
35
30
47
67
59
69
Tax %
19%
23%
25%
36%
43%
8%
16%
34%
20%
Net Profit
19
27
36
20
30
54
67
46
68
EPS in Rs
0.13
0.19
0.24
0.12
0.2
0.44
0.52
0.33
0.44
Figures in ₹ Crores

Profit & Loss

  Mar 2025Mar 2026TTM
Sales
846
1,301
1,611
Expenses
711
1,111
1,382
Operating Profit
135
190
229
OPM %
16%
15%
14%
Other Income
24
49
54
Interest
9
14
15
Depreciation
10
22
26
PBT
141
203
242
Tax %
23%
23%
—
Net Profit
105
198
236
EPS in Rs
0.7
1.36
1.73
Div. Payout %
28%
19%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2025Mar 2026
Equity Capital
117
144
Reserves
531
1,527
Borrowings
83
109
Other Liabilities
260
585
Total Liabilities
991
2,365
Fixed Assets
233
431
CWIP
63
71
Investments
16
77
Other Assets
678
1,786
Total Assets
991
2,365
Figures in ₹ Crores

Cash Flow

  Mar 2025Mar 2026
Operating
153
-253
Investing
-109
-460
Financing
-45
788
Net Cash Flow
-1
74
Free Cash Flow
154
-494
CFO/OP
141
-115
Figures in ₹ Crores

Ratios

  Mar 2025Mar 2026
Debtor Days
117
67
Inventory Days
59
209
Days Payable
71
93
Cash Conversion Cycle
105
184
Working Capital Days
101
188
ROCE %
—
16%

Shareholding Pattern

As of Jun 2026
Promoters 41.91%
Public 37.30%
Others 18.11%
FIIs 2.44%
DIIs 0.24%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022May 2022Jun 2022Sep 2022Dec 2022Mar 2023May 2023Jun 2023Jul 2023Sep 2023Oct 2023Dec 2023Jan 2024Feb 2024Mar 2024Jun 2024Sep 2024Oct 2024Dec 2024Jan 2025Mar 2025Jun 2025Sep 2025Dec 2025Feb 2026Mar 2026May 2026Jun 2026
Promoters
46.12%
53.41%
53.41%
53.41%
53.41%
57.65%
57.65%
57.65%
57.65%
57.65%
60.64%
60.64%
59.78%
59.78%
59.78%
59.78%
57.36%
57.36%
57.25%
57.25%
57.25%
56.38%
56.38%
56.22%
56.22%
49.36%
49.26%
49.26%
49.06%
41.92%
41.91%
41.91%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.39%
2.12%
2.23%
2.20%
2.88%
3.33%
2.66%
2.22%
2.16%
0.00%
1.90%
1.97%
2.12%
2.44%
DIIs
0.06%
0.06%
0.06%
0.06%
0.06%
0.05%
0.05%
0.05%
0.08%
0.05%
0.05%
0.05%
0.05%
0.05%
0.08%
0.09%
0.09%
0.10%
0.14%
0.14%
0.16%
0.16%
0.16%
0.17%
0.16%
0.15%
0.16%
0.16%
0.17%
0.18%
0.18%
0.24%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
40.99%
43.03%
42.53%
42.07%
43.18%
39.10%
39.08%
38.51%
37.29%
36.39%
33.95%
33.67%
34.61%
34.40%
33.95%
33.55%
35.25%
35.02%
34.85%
34.31%
34.12%
35.12%
34.61%
34.14%
34.90%
37.42%
38.29%
38.29%
38.03%
34.56%
38.04%
37.30%
Others
12.83%
3.50%
4.00%
4.46%
3.36%
3.20%
3.22%
3.79%
4.98%
5.90%
5.36%
5.64%
5.56%
5.76%
6.19%
6.57%
7.29%
7.52%
6.37%
6.17%
6.24%
6.13%
5.97%
6.14%
6.05%
10.85%
10.13%
12.29%
10.83%
21.37%
17.75%
18.11%
No. of Shareholders
1,68,002
2,12,691
2,20,807
3,22,647
4,00,833
4,00,591
4,02,878
3,97,869
3,80,276
3,55,708
3,50,594
3,43,224
3,43,230
3,62,946
3,57,220
3,55,127
3,52,994
3,69,607
3,77,729
3,92,659
4,24,312
4,25,940
4,24,038
4,18,012
4,24,677
4,41,037
4,29,812
4,24,434
4,20,875
4,14,439
4,13,793
4,18,624

Documents

1
Concall - Oct 2022 Oct 2022
2
Concall - Feb 2023 Feb 2023
3
Concall - Apr 2023 Apr 2023
4
Concall - Oct 2024 Oct 2024
5
Concall - Oct 2024 Oct 2024

Frequently Asked Questions about Lloyds Engineering Works Ltd

Where is Lloyds Engineering Works Ltd (LLOYDSENGG) listed?
Lloyds Engineering Works Ltd is listed on the Indian stock exchanges. It is listed on NSE: LLOYDSENGG and BSE: 539992. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Lloyds Engineering Works Ltd belong to?
Lloyds Engineering Works Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Lloyds Engineering Works Ltd?
Lloyds Engineering Works Ltd has a market capitalisation of approximately ₹14008.66 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Lloyds Engineering Works Ltd?
The Price-to-Earnings (PE) ratio of Lloyds Engineering Works Ltd is 56.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Lloyds Engineering Works Ltd?
Over the past 52 weeks, Lloyds Engineering Works Ltd has traded between a low of ₹37.4 and a high of ₹95.1. This range helps investors understand the stock's price volatility and recent trading levels.
Does Lloyds Engineering Works Ltd pay dividends?
Yes, Lloyds Engineering Works Ltd has a dividend yield of 0.28%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Lloyds Engineering Works Ltd?
Lloyds Engineering Works Ltd has a Return on Equity (ROE) of 19.42%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Lloyds Engineering Works Ltd on Tapetide?
On Tapetide, you can view Lloyds Engineering Works Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Listed 2016-07-18

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