Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Sep - Newspaper Advertisement regarding dispatch of Postal Ballot Notice
Source: Bse
Lloyds Metals And Energy Limited (LLOYDSME)
Large CapMetals stocks · Large cap · NSE
LMEL is building world-class assets in steel manufacturing, revolutionising iron ore mining and beneficiation, aligning with the nation's steel production goals. It aims to create an economic powerhouse at Chandrapur & Gadchiroli, Maharashtra, and is expanding into copper and cobalt mining in the DRC.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result16 Aug, 01:51 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 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
58NeutralSMA20 +1.0% / mo · MACD +
Stock trend: 63
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
LLOYDSMED candles · FIT view+6.4%Latest close ₹1804.10 on 2026-10-19
Bar
-2.6%
RSI
46
MACD hist
0.53
52W pos
70%
2026-10-19O ₹1851.70H ₹1869.00L ₹1801.00C ₹1804.10Vol 3.0L 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
LLOYDSMENifty MetalNifty 500
- LLOYDSME
- -5.4%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +0.1 pp
Chart stats
19 Oct 2026- From 52W high
- -15.1%
- 52W range position
- 70%
- ATR (14)
- 2.9%
- Volume vs 20D
- 0.69x
- Avg traded value
- ₹79.9 Cr
- 20D price channel
- ₹1,764 - ₹1,918.8
₹2,125
₹1,042.9 - ₹2,125
₹53.2
Latest completed session
20-session average
37.4% annualized volatility
Research snapshot
What the evidence says now
Investable 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 · UNDERVALUED62
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent95
Revenue +208.5% · PAT +170.1% YoY
Technical
Neutral58
Price trend and sector-relative-strength timing.
Valuation
Legacy model+39.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
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 +208% YoY · PAT +170% YoY · margin expansion · +22% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹7,354 Cr | +208.5% | +22.2% |
| EBITDA | ₹2,781 Cr | +250.3% | +9.3% |
| Operating margin | 38.0% | +500 bps | -400 bps |
| PAT | ₹1,734 Cr | +170.1% | +13.3% |
| PAT margin | 23.6% | -335 bps | -184 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.80
- P/B
- 7.49
- EV/EBITDA
- 13.89
- Market Cap
- 103816.00Cr
Profitability
- ROE
- 36.60%
- ROCE
- 27.30%
- ROA
- 11.82%
- Dividend Y
- 0.05%
Growth (CAGR)
- Revenue 5Y
- 133.00%
- EPS 5Y
- 679.00%
- Revenue 3Y
- 72.00%
- EPS 3Y
- 60.00%
Balance Sheet
- Debt/Equity
- 1.49
- Interest Coverage
- 10.54×
- Altman Z
- 4.00
- Book Value
- 246.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- 2921.00 Cr
- EPS TTM
- 86.00
Shareholding
- Promoter Hold
- 61.61%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 74%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 17.1k+154.6% vs prev
Net Profit
₹ CrLatest: 3,829+163.2% vs prev
Return on Equity
%Latest: 27.6+22.6% 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
NeutralTrend is undirectional — long-term uptrend intact. RSI 46.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~1.0% over last month) — short-term momentum positive.
- RSI(14) at 46 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 15% off 52W high · 73% 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
86
RS percentile
Stage 2 UptrendEstablished S2
1M return
-1.2%
3M return
-5.4%
6M return
+7.4%
1Y return
+36.8%
RS 1D
-1
RS 20D
-1
Sector rank
#11
Industry rank
-
Stage evidence
- Price is 2.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.1%.
50-DMA
price below
200-DMA
price above
S2 entered
17 Apr 2026
S2 age
130 trading sessions
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 149.2-1.56%
RS vs Nifty 500149
Valuation & peers
U-Score 62 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 62 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · UNDERVALUEDValuation7/30
Growth21/25
Quality17/20
Balance Sheet8/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
62
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
62/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 39.7%.
- Quality contributes 17/20 to the score.
Main drags
- Valuation is weaker at 7/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; 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
21.8
PB
7.5
EV/EBITDA
13.9
ROE
36.6%
ROCE
27.3%
FCF Yield
—
Debt/Equity
1.5
MoS
+39.7%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 1.5, so downturn resilience matters.
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: 20 Oct 2026
v4.3-runtime-valuation
Final score
62
Previous: 62
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+39.7%
Previous: +39.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
62
62
62
62
62
62
62
62
62
62
62
62
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
₹689.93
-161.5% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹2,992.8
+39.7% MoS
PEG
0.05
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
SARDAEN
Small
Sarda Energy & Minerals Limited
Power Generation
match 161
67
15.3
15.1%
+57%
UNDERVALUED
TATAPOWER
Large
Tata Power Company Limited
Power Generation
match 150
26
28.6
10.2%
-12%
OVERVALUED
SPLPETRO
Large
Supreme Petrochem Limited
Power Generation
match 148
47
29.1
13.7%
+34%
FAIR VALUE
TORNTPOWER
Large
Torrent Power Limited
Power Generation
match 148
35
26.2
12.5%
+16%
WATCHLIST
NLCINDIA
Large
NLC India Limited
Power Generation
match 147
52
11.1
11.9%
+60%
FAIR VALUE
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 2026-06-03T18:08:08.106Z
Management commentary snapshot
LLOYDSME reported highest ever quarterly/yearly Revenue, EBITDA, and PAT on a standalone basis for Q4 & FY26. Consolidated Total Income grew 155% YoY to INR 1,73,064 Mn in FY26, driven by higher iron ore EC limits, pellet plant ramp-up, and improved sponge iron volumes.
The company delivered robust FY26 results, driven by strong volume growth across segments and margin expansion from operating leverage and product mix improvement. Significant capacity additions and new ventures in copper and cobalt, alongside strategic partnerships, position it for continued growth, though execution and rising debt warrant monitoring.
Current business mix
Consolidated Revenue Split (FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Iron ore36.0%
Value Added Products26.0%
MDO & Services38.0%
Growth engines
Iron Ore Mining Expansion
Environment Capacity increased from 10 MTPA to 55 MTPA for Gadchiroli operations. FY27 production target is 26 MnT.
Pellet Capacity Expansion
2nd Pellet Plant (4 MnT) commissioned in May-26. FY27 guidance for pellet production is 7.75-8 MnT.
Copper & Cobalt Ventures (DRC)
Commercial production of copper cathodes from 12,000 TPA plant commenced March 2026. Acquired 49% stake in Chemaf Group for copper-cobalt.
Integrated Steel Project
Construction work for 1.2 MnT steel plant has started and is expected to be on time.
Capacity and execution
2nd Pellet Plant
4 MnT capacity commissioned in May-26, completed in 16 months from construction start.
Copper Cathode Plant (DRC)
12,000 TPA plant in Surya Mines commenced commercial production in March 2026.
DRI Plant
DRI plant at Ghughus is commissioned.
Slurry Pipeline (Hedri to Ghughus)
New 195 kms, 16 MnT capacity slurry pipeline from Hedri to Ghughus. Construction to start in Q4FY26, expected commissioning in FY27.
Tailwinds
Robust Domestic Demand
Robust domestic demand for iron ore and pellets supported volume growth across segments.
Slurry Pipeline & Captive Ore
Commissioning of slurry pipeline enabled smoother evacuation of iron ore, improving throughput and asset utilization, leading to robust margins for pellets.
Long Mine Lease Validity
LMEL mines are valid till year 2057, making them prominent miners beyond CY30 and ensuring raw material security.
Strategic Collaboration with Tata Steel
MoU signed to explore strategic collaboration across iron ore mining, pellet manufacturing, slurry pipeline infrastructure, and steelmaking.
Headwinds
Indonesian Operations Scale Down
Plans to scale down Indonesian operations due to lower margins and operational issues, proposing to shift equipment to Congo or PNG.
Risk radar
High Finance Costs
Consolidated finance costs increased 1,776% YoY in FY26 to INR 5,104 Mn, indicating rising debt burden.
Project Execution & Ramp-up
Multiple large-scale projects (steel, copper, cobalt, pipelines) require timely execution, commissioning, and utilization ramp-up to realize expected benefits.
Commodity Price Volatility
Exposure to global copper and cobalt prices, and domestic iron ore/steel prices could impact realizations and profitability.
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 crucial for assessing the significant growth in Q4 and full-year FY26 financials and operational volumes. QoQ is important for tracking sequential momentum, especially for new capacities like the pellet plant achieving 100% utilization and new project commissioning.
Sector KPIs management disclosed
Consolidated Total Income (FY26)
INR 1,73,064 Mn, up 155% YoY.
Consolidated EBITDA (FY26)
INR 63,339 Mn, up 215% YoY.
Consolidated EBITDA Margin (FY26)
36.60%, expanded 694 bps YoY.
Iron Ore Production Volume (FY26)
21.96 MnT, up 120% YoY.
Management forward view
Focus on Value Addition
Roadmap towards BHQ beneficiation, pellets, DRI, steel, copper, and cobalt, with significant capacity expansions planned across verticals.
Cost Optimization Initiatives
Slurry pipelines and captive logistics are expected to deliver over INR 2,000 crore annual savings as initiatives mature.
DRC Copper/Cobalt Expansion
Clear pathway to expand copper capacity to 30,000 TPA at Surya Mines, with longer-term ambition of 100,000 TPA; cobalt capacity to ~20,000 TPA.
Strategic Partnerships
MoU with Tata Steel aims to leverage complementary strengths, promote sustainable growth, and build a scalable, integrated steel value chain.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Pellet Production | 3.03 MnT (FY26) | 7.75-8 MnT (FY27 guidance) and sustained 100% utilization of new plants. |
| Iron Ore Production | 21.96 MnT (FY26) | 26 MnT (FY27 guidance) and ramp-up towards 55 MTPA EC limit. |
| DRC Copper Production | Commercial production commenced March 2026 | 10,000 tonnes (CY26 estimated) and 15,000 tonnes (CY27 estimated) production targets. |
| Slurry Pipeline Commissioning | Hedri to Konsari (85 kms) operational | Commissioning of the 195 kms Hedri to Ghughus pipeline in FY27 and associated cost savings. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
operational efficiencynot yet verifiablequantified
All upcoming projects are expected to have a payback period of less than 4 years.
Timeframe: futureDirection: positiveConfidence: expected
"All upcoming projects are expected to have a payback less than 4 years"
operational efficiencynot yet verifiablequantified
All upcoming projects are expected to have a payback period of less than 4 years.
Timeframe: futureDirection: positiveConfidence: expected
"All upcoming projects are expected to have a payback less than 4 years"
project executionnot yet verifiablequantified
LMEL is forward integrating into 12 MNT Pellet and 4.2 MNT Steelmaking.
Timeframe: implicit futureDirection: expansionConfidence: high
"Forward Integrating into 12 mnt Pellet and 4.2mnt Steelmaking"
project executionnot yet verifiablequantified
LMEL is forward integrating into 12 MNT Pellet and 4.2 MNT Steelmaking.
Timeframe: implicit futureDirection: expansionConfidence: high
"Forward Integrating into 12 mnt Pellet and 4.2mnt Steelmaking"
revenue outlookfailedquantified
Iron ore saleable/processed capacity will expand from 10 MNT to 25 MNT.
Timeframe: post expansionDirection: increaseConfidence: high
"Iron Ore (saleable/processed) Existing 10 MNT Post Expansion 25 MNT"
Outcome check: Revenue YoY averaged -17.8% across 2 later quarter(s).
revenue outlooknot yet verifiablequantified
Iron ore saleable/processed capacity will expand from 10 MNT to 25 MNT.
Timeframe: post expansionDirection: increaseConfidence: high
"Iron Ore (saleable/processed) Existing 10 MNT Post Expansion 25 MNT"
debt reductionnot yet verifiable
All expansion plans are drawn without resorting to debt.
Timeframe: futureDirection: maintain debt-free statusConfidence: high
"All the expansion plans are drawn without resorting to debt"
debt reductionnot yet verifiable
All expansion plans are drawn without resorting to debt.
Timeframe: futureDirection: maintain debt-free statusConfidence: high
"All the expansion plans are drawn without resorting to debt"
Trust Score
74Limited 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: Management has 0% delivered/partly-delivered outcomes on 1 checked claims, with 1 adverse claim outcome. It ranks around the 75th percentile of the scored universe and 75th percentile within Metals. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
72 docs text-extracted · 20 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
75th percentile
overall median 67 · Metals: 75th pctile, median 70 · Large: 55th pctile, median 73
Evidence depth
Financial-only
72 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
0% delivered or partly delivered
1/4 claims checked · 1 contradicted/failed claim
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
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
69
acceptable · leverage and solvency
Discipline
80
strong · capital discipline
Results
77
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 61.6%.
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸ROCE is 27.3%.
Trust risks
- ▸Promoter holding fell 2.1%.
- ▸Debt/equity is 1.49.
- ▸ROCE trend is -20%.
- ▸OPM spread across recent quarters is 20%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Lloyds Metals And Energy Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 Sep - Allotment of 1,41,969 Equity Shares under the Lloyds Metals and Energy Limited Stock Option Plan, 2017
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Intimation of scheduled investors and analysts meet/events
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 13 Sep - Lloyds Metals’ subsidiary LGRF incorporated Isle of Man step-down subsidiary Vector Asset Holdings Limited for funding structure.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Intimation of scheduled investors and analysts meet/events
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.