Lloyds Engineering Works Ltd (Capital Goods - Electrical Equipment) — fundamental analysis, earnings data, and key metrics. PE: 33.8. ROE: 15.9%. This stock is not currently in the Nifty 500 momentum outperformers list.
Deep value thesis based on recent earnings • Updated Mar 21, 2026
Debt-free balance sheet and 19.42% OPM expansion signal structural turnaround, with ₹2,011 Cr order book providing visibility for sustained margin recovery beyond volatile quarterly revenue.
Verdict
TURNAROUND_IN_PROGRESS
Re-rating catalysts over the next 2-4 quarters • Updated Mar 21, 2026
Expected 15-20% QoQ revenue growth as order book execution stabilizes, reversing Q3's 13.96% decline.
Impact: +₹40.87 Cr revenue
“₹1,665 Cr standalone order book provides 2.6x TTM revenue coverage.”
Annual report to highlight zero debt status, removing refinancing concerns and enabling higher ROCE.
“No interest expense reported in Q3 FY26 financials.”
Lloyds Infrastructure's ₹4,619 Cr order book to start contributing meaningfully, diversifying revenue streams.
Impact: +₹150 Cr revenue
“Associate company order book at ₹4,619.01 Cr per Q3 FY26 results.”
Risks that could prevent re-rating or deepen the value trap
Q4 FY26 revenue < ₹270 Cr
Impact: -300 bps margin impact
Management view: Company acknowledges revenue volatility but cites project-based nature of business as inherent.
Monitor: Q4 revenue vs order book execution rate
Other income < ₹10 Cr in Q4
Impact: -200 bps margin impact
Management view: Management states other income is non-recurring but doesn't specify future expectations.
Monitor: Other income as % of PBT
Equity issuance > 10% of current market cap
Management view: No current plans for equity issuance per latest con-call.
Monitor: Promoter holding changes and capital allocation strategy
Forward-looking targets from management for FY27
Revenue Growth Target
15%
Implied PAT Growth
25%
OPM Guidance
18.5%
Capex Plan
₹50 Cr
Credit Growth Target
10%
NIM Guidance
0%
Key Milestones
• Q4 revenue normalization
• Associate company contribution ramp-up
The above analysis is AI-generated from publicly available financial data. This is educational research only — not investment advice. Last updated Mar 21, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Lloyds Engineering Works Ltd's latest quarterly results (Dec 2025) show
Lloyds Engineering Works Ltd's current PE ratio is 33.8x.
Lloyds Engineering Works Ltd's price-to-book ratio is 3.8x.
Lloyds Engineering Works Ltd's fundamental strength based on key financial ratios
Lloyds Engineering Works Ltd has a debt-to-equity ratio of N/A.
Lloyds Engineering Works Ltd's return ratios over recent years
Lloyds Engineering Works Ltd's operating cash flow is positive (FY2025).
Lloyds Engineering Works Ltd's current dividend yield is 0.64%.
Lloyds Engineering Works Ltd's shareholding pattern (Mar 2026)
Lloyds Engineering Works Ltd's promoter holding has decreased recently.
Lloyds Engineering Works Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Lloyds Engineering Works Ltd has 3 key growth catalysts identified from recent earnings analysis
Lloyds Engineering Works Ltd has 3 key risks worth monitoring
Lloyds Engineering Works Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Lloyds Engineering Works Ltd may be worth studying
Lloyds Engineering Works Ltd investment thesis summary:
Lloyds Engineering Works Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
