Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 29 Sep - Allotment of 1,39,298 Equity Shares under the Lloyds Enterprises Limited Employee Stock Option Plan - 2025.
Source: Bse
Lloyds Enterprises Limited (LLOYDSENT)
Micro CapMetals stocks · Micro cap · NSE
Lloyds Enterprises Limited (LEL) is a diversified holding platform spanning trading, real estate, and strategic investments. It holds stakes in Lloyds Engineering Works (engineering, EPC, defence), Lloyds Realty Developers (real estate with 270+ acre land bank), and strategic investments in gold mining (Geomysore) and integrated iron ore & steel (Lloyds Metals & Energy).
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result16 Aug, 12:32 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 +4.5% / mo · MACD −
Stock trend: 45
Sector RS: 44
Sector 3M: -5.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
LLOYDSENTD candles · FIT view-4.7%Latest close ₹66.02 on 2026-10-21
Bar
-3.9%
RSI
32
MACD hist
-1.03
52W pos
58%
2026-10-21O ₹68.72H ₹69.71L ₹65.89C ₹66.02Vol 36.2L sh
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
LLOYDSENTNifty MetalNifty 500
- LLOYDSENT
- -19.0%
- Nifty 500
- -6.5%
- Nifty Metal
- -6.1%
- Vs Nifty 500
- -12.5 pp
Chart stats
21 Oct 2026- From 52W high
- -22.1%
- 52W range position
- 58%
- ATR (14)
- 4.9%
- Volume vs 20D
- 0.79x
- Avg traded value
- ₹34.5 Cr
- 20D price channel
- ₹65.9 - ₹82.1
₹84.7
₹40.7 - ₹84.7
₹3.2
Latest completed session
20-session average
47.5% 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 mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED31
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad15
Revenue +70.1% · PAT -55.8% YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model-153.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
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
Bad · 15/100PAT -56% YoY · Rev +70% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹563 Cr | +70.1% | -21.8% |
| EBITDA | ₹88 Cr | +300.0% | +95.6% |
| Operating margin | 16.0% | +900 bps | +1000 bps |
| PAT | ₹110 Cr | -55.8% | +59.4% |
| PAT margin | 19.5% | -5569 bps | +996 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 94.20
- P/B
- 2.54
- EV/EBITDA
- 55.20
- Market Cap
- 10738.00Cr
Profitability
- ROE
- 0.33%
- ROCE
- 3.67%
- ROA
- 3.87%
- Dividend Y
- 0.21%
Growth (CAGR)
- Revenue 5Y
- 366.00%
- EPS 5Y
- 162.00%
- Revenue 3Y
- 67.00%
- EPS 3Y
- -40.00%
Balance Sheet
- Debt/Equity
- 0.19
- Interest Coverage
- 4.04×
- Altman Z
- 3.44
- Book Value
- 27.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -361.00 Cr
- EPS TTM
- 0.75
Shareholding
- Promoter Hold
- 62.72%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 68%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,756+18.0% vs prev
Net Profit
₹ CrLatest: 417+239.0% vs prev
Return on Equity
%Latest: 10.1+112.9% vs prev
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
Bearish setupTrend is weak — long-term trend down. RSI 32.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~4.3% over last month) — short-term momentum positive.
- RSI(14) at 32 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 22% off 52W high · 62% 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
56
RS percentile
Stage 1 Base / Transition
1M return
-6.3%
3M return
-19.0%
6M return
-1.6%
1Y return
-4.9%
RS 1D
-5
RS 20D
-18
Sector rank
#6
Industry rank
#19
Stage evidence
- Price is within 6.3% of the 30-week proxy.
- The 30-week proxy changed +5.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 110.88-3.03%
RS vs Nifty 500111
Valuation & peers
U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 31 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth19/25
Quality0/20
Balance Sheet9/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
31
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
31/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 19/25 to the score.
- Balance sheet contributes 9/15 to the score.
- Valuation contributes 0/30 to the score.
Main drags
- Fair-value margin of safety is negative at -153.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
94.2
PB
2.5
EV/EBITDA
55.2
ROE
0.3%
ROCE
3.7%
FCF Yield
—
Debt/Equity
0.2
MoS
-153.0%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
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
31
Previous: 31
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-153.0%
Previous: -163.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
31
31
31
31
31
31
31
31
31
31
31
31
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
₹21.62
-205.4% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹26.1
-153.0% MoS
PEG
0.58
Comparable companies
Peers
Business-comparable peers in Metals — 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
IMFA
Micro
Indian Metals & Ferro Alloys Limited
Metals
match 59
69
12.2
16.8%
+67%
UNDERVALUED
RAMRAT
Small
Ram Ratna Wires Limited
Metals
match 55
41
45.8
20.6%
-18%
WATCHLIST
MIDWESTLTD
Small
Midwest Limited
Metals
match 52
47
29.9
13.6%
+13%
FAIR VALUE
ARFIN
Small
Arfin India Limited
Metals
match 51
27
80.3
9.4%
-165%
OVERVALUED
VIDYAWIRES
Small
Vidya Wires Limited
Metals
match 51
44
31.0
17.7%
+15%
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 2026-10-11T15:46:33.993Z
Management commentary snapshot
Consolidated Total Comprehensive Income surged 60% YoY to INR 1,200.65 Cr in Q1 FY27, reflecting growing value of operating and strategic investments. Consolidated Total Income declined 1.23% YoY to INR 605.44 Cr, while EBITDA fell 57.06% YoY to INR 130.75 Cr, with margin contracting to 21.6%.
LEL's Q1 FY27 results show strong growth in Total Comprehensive Income, driven by strategic investment appreciation. While consolidated income and EBITDA declined YoY, key subsidiary LEWL delivered record performance. The planned corporate restructuring and new acquisitions aim to unlock value and streamline operations, supporting the long-term thesis despite short-term operational dips.
Growth engines
Lloyds Engineering Works (LEWL) Performance
INTACTLEWL delivered a record quarter with consolidated income up 139% YoY and net profit up 127% YoY, supported by an INR 8,857 Cr order book.
SISCOL Acquisition
INTACTAcquisition of 17.98% stake in Steel Infra Solutions Company Ltd (SISCOL) for ~INR 219 Cr, increasing combined structural fabrication capacity to 150,000 MTPA.
Jonnagiri Gold Mine Commercial Production
INTACTGeomysore Services India Pvt Ltd (GMSI) began commercial operations on 24 June 2026, India's first private primary gold mine since Independence.
Lloyds Metals & Energy Ltd (LMEL) Expansion
INTACTLEL's 4.13% stake in LMEL provides exposure to an integrated mining and metals platform with ongoing capacity expansions in pellet, DRI, and slurry pipeline.
Capacity and execution
Structural Fabrication Capacity
INTACTAcquisition of SISCOL takes combined structural fabrication capacity of LEWL to 150,000 MTPA.
Gold Production Commissioning
INTACTJonnagiri gold mine entered commercial production on 24 June 2026, targeting ~400 kg in FY27 and scaling towards ~1 tonne per year.
LMEL Mining & Pellet Capacity
INTACTLMEL received environmental clearance for higher mining throughput of 55Mnt and is expanding its 8-Mt pellet plant to 12 Mnt.
Metalfab Hightech Utilization
INTACTMetalfab Hightech operated at its highest capacity utilisation, contributing ₹164.1 Cr of revenue in its first full quarter of consolidation.
Tailwinds
LMEL's Integrated Low-Cost Model
INTACTLMEL couples a large iron-ore resource with integrated logistics (slurry pipeline) and in-house beneficiation/pelletisation, delivering structurally low delivered cost.
Asset-Light Real Estate Approach
INTACTLRDL's asset-light model, emphasizing joint ventures and minimal upfront capital, aims to generate quicker cash flows and mitigate development risk.
Risk radar
Standalone Financial Volatility
UNDER_STRESSStandalone Total Income declined 85.18% YoY and EBITDA declined 96.26% YoY, reflecting the holding company's reliance on investment appreciation for comprehensive income.
Commodity and Cycle Risks
INTACTManagement acknowledges commodity and cycle risks but claims mitigation through a diversified group platform, conservative capital approach, and logistics integration.
Real Estate Cyclicality
INTACTThe real estate business is subject to cyclicality, though management's asset-light model aims to manage this risk.
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 BOTH
YoY comparison is essential for understanding the annual performance of LEL's diverse portfolio and the impact of strategic investments. QoQ comparison helps assess sequential momentum in operating segments and the immediate impact of new ventures like the gold mine.
Sector KPIs management disclosed
Consolidated EBITDA Margin
UNDER_STRESS21.60% in Q1 FY27, down from 49.68% in Q1 FY26 (YoY decline of 2808 bps).
LEWL Consolidated Income Growth
INTACTLloyds Engineering Works Ltd (LEWL) delivered consolidated income of INR 540.2 Cr, up 139% year on year.
LEWL Consolidated Net Profit Growth
INTACTLEWL's consolidated net profit was INR 68.2 Cr, up 127% year on year.
LEWL Consolidated Order Book
INTACTLEWL's consolidated order book stood at INR 8,857 Cr as on 30 June 2026.
Management forward view
Corporate Restructuring
INTACTThe company plans to merge real estate subsidiaries into LEL, then demerge the entire real estate business into a new listed entity, Lloyds Realty Limited, to create two focused businesses.
Gold Production Ramp-up
INTACTGMSI targets ~400 kg of gold in FY27, with plans to scale towards ~1 tonne per year and up to ~2 tonnes with planned expansion.
Integrated Engineering Platform
INTACTMerger of Lloyds Infrastructure & Construction, Metalfab Hightech, and Techno Industries created a design-to-execution platform for LEWL.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| NCLT Approval for Restructuring | Approval pending for the corporate restructuring scheme. | Timely receipt of NCLT approval for the demerger of the real estate business. |
| Jonnagiri Gold Production | Commercial operations launched on 24 June 2026, targeting ~400 kg in FY27. | Achievement of FY27 gold production targets and progress towards ~1 tonne per year scaling. |
| LEWL Order Book Execution | Consolidated order book of INR 8,857 Cr as on 30 June 2026. | Execution pace of the substantial order book and securing new orders to maintain growth momentum. |
| LMEL Capacity Ramp-up | Environmental clearance for 55Mnt mining throughput, 8-Mt pellet plant expanding to 12 Mnt, 360Kt DRI expanding to 700Kt. | Successful commissioning and ramp-up of expanded capacities in LMEL's mining, pellet, and DRI operations. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
55Limited 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 16th percentile of the scored universe and 13th percentile within Metals. 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
12 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
16th percentile
overall median 67 · Metals: 13th pctile, median 70 · Micro: 10th pctile, median 73
Evidence depth
Financial-only
12 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
28
weak · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 62.7%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-361 Cr.
- ▸Only 0 years of positive FCF.
- ▸ROCE is low at 3.7%.
- ▸ROE is low at 0.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Lloyds Enterprises Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 17 Aug - Lloyds Enterprises completed 73 lakh SISCOL shares acquisition on 17 Aug 2026 for Rs 219 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 13 Aug - Lloyds Enterprises entered Rs219 crore secured loan agreement with Tata Capital for Steel Infra Solutions acquisition.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Newspaper Publication of Extract of Standalone and Consolidated Unaudited Financial Results for the Quarter ended 30.06.2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jul - Intimation of Newspaper Advertisement regarding the Last and Final Reminder-cum-Forfeiture Notice #2.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 Aug - Monitoring agency report for Q1 FY27 confirms rights issue proceeds used as planned; no deviation reported.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Acquisition 18 Jun - Board approved acquisition of 88.12% stake in SISCOL for Rs. 1,073.40 crore on 18 June 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jun - Intimation of post newspaper publication of 40th Annual General Meeting of the Company and E-voting information.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Scheme of Arrangement 16 May - BSE and NSE issued no-objection letters for Lloyds Enterprises' composite scheme on 15 May 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.