Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Investor Analyst meet Intimation scheduled on September 21 & 22, 2026.
Source: Bse
LLOYDS ENGINEERING WORKS LIMITED (LLOYDSENGG)
Micro CapIndustrials stocks · Micro cap · NSE
A trusted, technology-led engineering partner across India's industrial, infrastructure and defence sectors. With a deep engineering legacy since 1974, the company offers diversified solutions across Engineering, Electrical, EPC & Infrastructure, and Defence Technologies, leveraging integrated manufacturing and exclusive global technology partnerships.
Data qualityFresh enough for analysisQuote updated 21 Oct, 09:15 am ISTDetails
Quote21 Oct, 09:15 am IST
Base fundamentals14 Oct 2026 · screener
Latest result06 Aug, 09:49 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
58NeutralSMA20 +13.3% / mo · MACD − · near 52W high
Stock trend: 65
Sector RS: 48
Sector 3M: -5.4% vs Nifty 500 -4.4%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
LLOYDSENGGD candles · FIT view+61.2%TODAY · PROVISIONALLatest price ₹94.72 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
+0.2%
RSI
53
MACD hist
-0.56
52W pos
86%
2026-10-21O ₹94.51H ₹95.39L ₹94.50C ₹94.72Vol 1.2L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
LLOYDSENGGNifty India ManufacturingNifty 500
- LLOYDSENGG
- +4.0%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +9.5 pp
Chart stats
19 Oct 2026- From 52W high
- -9.5%
- 52W range position
- 85%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.44x
- Avg traded value
- ₹166 Cr
- 20D price channel
- ₹81.1 - ₹104.2
₹104.2
₹37.4 - ₹104.2
₹4.8
Latest completed session
20-session average
59.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent95
Revenue +142.9% · PAT +126.7% YoY
Technical
Neutral58
Price trend and sector-relative-strength timing.
Valuation
Legacy model-39.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 95/100Rev +143% YoY · PAT +127% YoY · margin expansion · +6% QoQ
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹527 Cr | +142.9% | +6.5% |
| EBITDA | ₹66 Cr | +144.4% | +8.2% |
| Operating margin | 13.0% | +100 bps | +100 bps |
| PAT | ₹68 Cr | +126.7% | +47.8% |
| PAT margin | 12.9% | -92 bps | +361 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 64.50
- P/B
- 7.74
- EV/EBITDA
- 57.03
- Market Cap
- 14433.00Cr
Profitability
- ROE
- 15.10%
- ROCE
- 16.10%
- ROA
- 9.98%
- Dividend Y
- 0.27%
Growth (CAGR)
- Revenue 5Y
- 89.00%
- EPS 5Y
- 89.00%
- Revenue 3Y
- 31.00%
- EPS 3Y
- 31.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- 15.27×
- Altman Z
- 8.16
- Book Value
- 12.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -253.00 Cr
- EPS TTM
- 1.73
Shareholding
- Promoter Hold
- 40.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 83%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 527+6.5% vs prev
Net Profit
₹ CrLatest: 68.0+47.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 53.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~12.4% over last month) — short-term momentum positive.
- RSI(14) at 53 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 9% off 52W high · 153% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
90
RS percentile
Stage 2 UptrendEstablished S2
1M return
+14.4%
3M return
+4.0%
6M return
+59.7%
1Y return
+61.3%
RS 1D
-1
RS 20D
+3
Sector rank
#2
Industry rank
#15
Stage evidence
- Price is 22.8% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +9.5%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
21 May 2026
S2 age
106 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 167.23-1.12%
RS vs Nifty 500167
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth17/25
Quality11/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band WATCHLIST
Positive drivers
- Growth contributes 17/25 to the score.
- Quality contributes 11/20 to the score.
- Balance sheet contributes 8/15 to the score.
Main drags
- Fair-value margin of safety is negative at -39.3%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
64.5
PB
7.7
EV/EBITDA
57.0
ROE
15.1%
ROCE
16.1%
FCF Yield
—
Debt/Equity
0.1
MoS
-39.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 39
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-39.3%
Previous: -38.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
38
38
38
38
39
39
39
39
39
39
39
39
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹21.61
-338.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹67.99
-39.3% MoS
PEG
0.98
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SKFINDUS
Micro
SKF India (Industrial) Limited
Capital Goods
match 163
76
31.6
26.6%
+100%
DEEP VALUE
KMEW
Small
Knowledge Marine & Engineering Works Limited
Capital Goods
match 157
45
58.6
20.0%
-58%
WATCHLIST
VENUSPIPES
Small
Venus Pipes & Tubes Limited
Capital Goods
match 155
43
43.9
17.0%
+7%
WATCHLIST
OMNI
Small
Omnitech Engineering Limited
Capital Goods
match 153
40
75.2
18.0%
-70%
WATCHLIST
PRINCEPIPE
Small
Prince Pipes And Fittings Limited
Capital Goods
match 153
32
26.2
4.6%
-1157%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-11T15:46:03.875Z
Management commentary snapshot
Q1FY27 consolidated revenue up 139% YoY and PAT up 127% YoY, driven by acquired scale and core execution doubling. Standalone revenue grew 104% YoY, with PAT up 147% YoY. Order book stands at INR 88,569 Mn, deepening multi-year visibility.
The company delivered strong Q1FY27 results, benefiting from recent acquisitions and robust core execution. The significant order book provides multi-year visibility, supporting the strategy to transform into an integrated engineering platform. Margin compression in some segments warrants monitoring.
Current business mix
Order Value by Segment (as of 30.06.2026)
Latest issuer-disclosed distribution across 11 reported categories.
EPC & Infrastructure Solutions54.5%
Fabrication15.7%
Mining to Metal12.2%
Power7.2%
Civil3.0%
ECO Pickling2.4%
Elevators, Escalators & Motors2.2%
Hydro Carbon1.3%
Naval & Defence1.0%
Others0.4%
Marine/Port0.1%
Growth engines
Engineering (Light & Heavy Fabrication)
Metalfab at highest capacity utilisation; Bhilai capacity offers 2x floor space potential; SISCOL acquisition adds 100,000 MTPA capacity.
EPC & Infrastructure
LICL Q1FY27 revenue grew 52.72% YoY with an order book of INR 48,302 Mn, leveraging group fabrication capabilities.
Defence Technologies
Exclusive global tie-ups for marine, process, and defence technologies limit competition; R&D investment ramping up for ROMD, torpedoes, UAVs.
Electrical (Motors & Pumps, Elevators & Escalators)
New HT motor line at Vatva live FY27; 200+/month dispatch capacity for elevators at new Vatva plant.
Capacity and execution
Metalfab Utilization
Metalfab at highest capacity utilisation, contributing INR 1,641 Mn revenue in Q1FY27.
Bhilai Capacity Potential
Bhilai capacity offers a huge potential 2x floor space for heavy engineering.
Techno HT Motor Line
New HT motor line at Vatva, live FY27.
Techno Elevator Capacity
200+/month dispatch capacity at new Vatva plant for elevators & escalators.
Tailwinds
Global Technology Partnerships
Exclusive global tie-ups bring proven technology into India's under-penetrated process, marine, and defence segments, opening high-margin, recurring revenue streams.
India's Infrastructure Cycle
Strategic acquisitions like Bhilai and SISCOL are steps in building design-to-delivery scale for India's infrastructure cycle.
Defence Indigenisation Push
Partnerships build naval, drone, radar, and underwater system capabilities for India's indigenisation push.
Headwinds
Consolidated EBITDA Margin Compression
Consolidated EBITDA margin at 14.7% in Q1FY27, down 97 bps YoY.
Metalfab Adjusted EBITDA Margin Decline
Metalfab Adj EBITDA Margin at 15.10% in Q1FY27, down 1460 bps YoY.
LICL EBITDA Margin Decline
LICL EBITDA Margin at 14.56% in Q1FY27, down 465 bps YoY.
Techno Industries Loss
Techno Industries reported a PBT loss of INR 75 Mn and PAT loss of INR 64 Mn in Q1FY27.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation explicitly highlights Q1FY27 results with year-on-year comparisons for consolidated and standalone financials, emphasizing growth from acquired scale and core execution over the prior year.
Sector KPIs management disclosed
Consolidated Total Income
Q1FY27 Total Income of INR 5,402 Mn, up 139% YoY.
Consolidated PAT (incl. associates)
Q1FY27 PAT (incl. associates) of INR 682 Mn, up 127% YoY.
Standalone Revenue
Q1FY27 Standalone revenue of INR 3,558 Mn, up 104% YoY.
Standalone PAT
Q1FY27 Standalone PAT of INR 434 Mn, up 147% YoY.
Management forward view
Integrated Platform Ambition
Transforming from a single-discipline equipment manufacturer to an integrated, technology-led infrastructure platform.
Revenue Target
Combined platform targets INR 10,000+ Cr revenue with improving margins and return ratios by FY29/30.
Vertical Integration
LEWL–LICL merger unifies design, manufacturing, and EPC execution under one platform, capturing margin across the full project lifecycle.
Strategic Acquisitions
Ongoing acquisition of engineering division adds railway, nuclear, and power fabrication throughput.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Consolidated Order Book | INR 88,569 Mn | Growth and diversification of order inflows across segments. |
| Consolidated EBITDA Margin | 14.7% | Stabilization and improvement of consolidated and subsidiary margins. |
| Bhilai Capacity Ramp-up | Potential 2x floor space | Timely commissioning and utilization ramp-up of Bhilai and new Vatva lines. |
| SISCOL Integration | Proposed acquisition of 52.16% stake | Successful integration of SISCOL and realization of synergy benefits. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 44th percentile within Industrials. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
41 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Industrials: 44th pctile, median 68 · Micro: 27th pctile, median 73
Evidence depth
Financial-only
41 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
60
acceptable · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.07.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding fell 9.3%.
- ▸Operating cash flow is negative at ₹-253 Cr.
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching LLOYDS ENGINEERING WORKS LIMITED
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Sep - Dear Sir/Madam, Please find attached the Newspaper Advertisement published as per the order of NCLT for Convening Meetings of Equity Shareholders and Unsecured Creditors of …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Sep - Dear Sir / Madam, PFA, the Newspaper Publication made regarding Last and Final Reminder cum Forfeiture Notice #2 for payment of First and FInal Call …
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Cessation 31 Aug - Mrs. Bela Rajan ceased as Independent Director from 31 August 2026 after completing second term.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 17 Aug - Lloyds Engineering acquired 51.13% of SISCOL for Rs 626.4 crore; transaction consummated on August 17, 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment 17 Aug - Allotted 7.07 crore shares on August 17, 2026, including share-swap acquisition of SISCOL and Rs 4.99 crore cash issue.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 14 Aug - Lloyds Engineering signed ₹200 crore loan with Tata Capital on 13 August 2026 for SISCOL acquisition.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Preferential Issue 17 Aug - Allotted 7,07,42,458 shares at ₹71.25 on Aug 17, including SISCOL share-swap acquisition and ₹4.99 crore cash allotment.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Meeting Updates 17 Aug - Approved allotment of 7,07,42,458 shares at Rs71.25, raising Rs499.05 crore and acquiring SISCOL stake.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Acquisition 18 Jun - Board approves SISCOL acquisition for ₹1,073.4 Cr, preferential issues, ₹1,000 Cr borrowings, EGM on 15 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Preferential Issue 18 Jun - Board approved SISCOL acquisition for ₹1,073.4 Cr, preferential allotments, ₹1,000 Cr borrowings and EGM on July 15, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.