Lloyds Metals & Energy share price today

Lloyds Metals & Energy Ltd's share price was ₹1,785.50 at the close on 6 November 2026. It has been rising for 29 weeks. That is 5.9% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Lloyds Metals & Energy Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹1,074 and ₹2,100, and at that close it sat 69% of the way up from that low.

Over the last 11 years the share price moved +17,755% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Promoters cut their stake for 4 quarters in a row

   From 63.7% to 61.6% of the company by the September 2026 quarter.

3. Highest quarterly profit in 15 quarters

   Profit of ₹1,734 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Profit hit a record because the company sold more higher-value products like pellets and its pipeline cut transport costs, so more of each sale became profit.

   Next results: check whether the new pellet plant stays at full capacity, because it drove the jump in value-added sales.

   From the earnings call on 11 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Lloyds Metals & Energy reported revenue of ₹7,354 crore, up 208.5% from ₹2,384 crore a year earlier, and a profit of ₹1,734 crore, up 170.1% from ₹642 crore.

Lloyds Metals & Energy results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Lloyds Metals & Energy's management discussed these results on a call held on 11 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Lloyds Metals & Energy closed at ₹1,785.50 on 6 November 2026, up 35.5% from ₹1,317.80 a year earlier (7 November 2025) and up 1,902.8% over five years. Its highest weekly close since March 2016 was ₹2,100.35 on 7 August 2026.

Lloyds Metals & Energy share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: Lloyds Metals & Energy closed at ₹1,785.50, down 2.1% on the week and down 2.0% on the month. Our read, 22 Aug 2026: Lloyds Metals has converted captive iron ore into a pellets-DRI-steel platform that earned 38% operating margin in April to June 2026, but margins are at the top of their own 42-quarter band and a ₹15,000 crore capital spending overhang means free cash flow will be deeply negative for at least two more years.

Earlier

• 11 Aug 2026: Lloyds Metals & Energy held its results call for April to June 2026. Management guided: Triveni FY27 operating margin 28-30% and Odisha production 34-35 million tons.
• Results for April to June 2026: Revenue up 208.5% and profit up 170.1% on a year earlier.
• 12 Jun 2026: ex-date for a dividend of ₹1 a share.

Our read of the business

The company moved from a pure iron ore miner to an integrated materials platform, pellets now contribute 41% of standalone revenue and earn ₹5,803 operating profit per ton versus ₹1,930 per ton for raw ore. April to June 2026 standalone revenue grew 127% year-on-year, driven by the second pellet plant reaching full capacity in four months.

April to June 2026: Best-ever standalone margin at 39.2% operating margin; consolidated revenue ₹7,354 crore on full pellet plant ramp and Triveni scale-up.

Our read after the April to June 2026 results, written 22 August 2026.

Lloyds Metals & Energy paid ₹1 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.06% at the ₹1,785.50 close on 6 November 2026. The last was a dividend of ₹1 a share, ex-date 12 June 2026.

Lloyds Metals & Energy dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Lloyds Metals & Energy Ltd paid out 2% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 11 August 2026, Lloyds Metals & Energy's management guided: Triveni FY27 operating margin 28-30% and Odisha production 34-35 million tons.

“Captive ore, captive logistics, and a growing share of value-added products together mean that these are structural margins and not cyclical ones.”Rajesh Gupta, MD, on the call for April to June 2026

What management guided

• FY27 India iron ore sales above 26 million tons including opening stock.
• Logistics fleet addition of 200 vehicles; planned cost savings 30-40% and operating profit improvement from 32% to 40%.
• BHQ beneficiation plant planned for March 2028; test-work recovery 38%, with eventual saleable output 16-17 million tons from 30 million-ton throughput.
• India project capital spending around ₹11,000 crore over the next two years and ₹15,000-20,000 crore in year three; acquired-debt restructuring next quarter with nearly 40-50% reduction.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 11 August 2026.

What is changing at Lloyds Metals & Energy, from the latest results and calls: pellet-led value addition, iron ore volume scale with environmental clearance headroom and triveni mdo subsidiary scale and profitability.

• Pellet-led value addition. Pellets earned ₹5,803 operating profit per ton in April to June 2026 versus ₹1,930 per ton for raw iron ore, and now constitute 41% of standalone revenue up from 13% a year earlier. ⚠ estimate
• Iron ore volume scale with environmental clearance headroom. FY26 iron ore production reached 21.96 million tons and FY27 guidance is 26 million tons, with Surjagarh expanded to a 55 million ton environmental clearance limit providing runway to triple current output. ⚠ estimate
• Triveni MDO subsidiary scale and profitability. Triveni contributed ₹2,672 crore revenue and ₹658 crore operating profit in April to June 2026, up 145% year-on-year, as Gadchiroli capacity expanded from 10 to 55 million tons and new Odisha coal and iron ore contracts were added. ⚠ estimate
• Downstream integration via wire rod and BHQ beneficiation. A 1.2 million ton wire rod mill is planned for commissioning by March 2027, and BHQ beneficiation (30 million ton input, 16-17 million ton output) is planned for December 2027, both extend the value chain and structurally lift per-ton margins. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026.

Pellet operating profit per ton falls below ₹3,500 for two consecutive quarters due to Indian steel capacity additions absorbing domestic pellet demand or global pellet premiums compressing as Chinese and South Korean pellet plants increase output.

Each change stops working if

• Pellet-led value addition: Pellet operating profit per ton falls below ₹3,500 for two consecutive quarters due to Indian steel capacity additions absorbing domestic pellet demand or global pellet premiums compressing as Chinese and South Korean pellet plants increase output.
• Iron ore volume scale with environmental clearance headroom: Simandou iron ore project (Guinea) adds more than 40 million tons of seaborne supply by FY28, compressing Indian domestic iron ore benchmark prices below ₹4,500 per ton and eliminating the cost-advantage spread from which pellet economics are derived.
• Triveni MDO subsidiary scale and profitability: The NTPC wage-claim litigation, currently sub judice with no provision, results in a material adverse ruling, or Triveni fails to add the 200-vehicle fleet and operating margin remain below 22% for FY27.
• Downstream integration via wire rod and BHQ beneficiation: Wire rod commissioning is delayed beyond September 2027 (six months past guide), signaling a broader execution failure on the ₹15,000 crore capital spending programme at the same time as borrowings are at their peak.

The main risks

• : Operating margin reached 42.28% in March 2026, the highest in the company's 42-quarter recorded history, and the cycle model explicitly flags a peak-margin setup; the question is not whether margins will moderate but by how much. ⚠ estimate
• Capital spending execution at unprecedented ₹15,000 crore scale with unresolved working capital analytics: Six projects running simultaneously, wire rod, BHQ, slurry pipeline phase 2, Surya copper ramp, KMF copper completion, Triveni Odisha, and the CFO acknowledged in May 2026 that consolidated working capital analytics are still being assimilated nine months after the Triveni deal. ✓ fact
• DRC geopolitical risk, both copper assets in Congo: Both the Surya cathode plant and the KMF Group acquisition are in the DRC Katanga belt; the US-DRC critical minerals accord provides a partial umbrella but resource nationalism and operational disruption risk remain. ✓ fact
• Steel and DRI market cycle headwinds at market launch: DRI operating profit per ton ranged from ₹3,140 (July to September 2025, cycle trough) to ₹7,999 (January to March 2026, recovered) to ₹6,273 (April to June 2026); wire rod market launch at 12.5% utilization in FY27 coincides with potential Chinese steel export overhang compressing secondary steel margins. ✓ fact

Our read after the April to June 2026 results, written 22 August 2026.

When Lloyds Metals & Energy reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: First long-product steel plant commissioning at the guided year-end date - verify start-up, ramp and internal ore consumption.

Lloyds Metals & Energy is on 2 of our India lists: Small & mid cap stocks and Copper & metal stocks.

Lloyds Metals & Energy Ltd earned ₹1,734 Cr of net profit in the Jun 2026 quarter, +170.1% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹3,829 Cr. Over 16 years profit has grown 39.8% a year on average. That is 23.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹642 Cr.

For the full year, FY26 profit was ₹3,829 Cr (+163.2% on the year before).

Why profit moved: revenue changed +208.5% on a year earlier and the margin moved +5.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +274.0% and revenue +242.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q4. revenue ₹6,020 Cr and profit ₹1,530 Cr as reported.

FY27-Q1. revenue ₹7,354 Cr and profit ₹1,734 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Lloyds Metals & Energy Ltd reported ₹7,354 Cr of revenue in the Jun 2026 quarter, +208.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 16 years it has grown 23.7% a year on average. The last full year, FY26, came in at ₹17,113 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Iron ore production grew from approximately 10 million tons to 21.96 million tons in FY26, with Q4 FY26 dispatch alone of 9.1 million tons providing exit-velocity confirmation. The Surjagarh environmental clearance was raised from 10 to 55 million tons, the critical regulatory approval unlocking a 5x volume headroom. Triveni MDO operations added Gadchiroli, Lasarda-Pacheri, and Dalpahari contracts in Q1 FY27, with Odisha production planned at 34-35 million tons for FY27. Internal consumption is growing: 8.8 million tons is guided for use in pellets and DRI, reducing third-party sale dependency.

The last four reported quarters add to ₹22,083 Cr.

FY26 revenue was ₹17,113 Cr, +154.6% on the year before.

Recent pace: the last four quarters grew +242.3% on average, against 23.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +230.2%, against +77.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +220.8%, against +87.7% a year (accelerating).

FY26-Q4. revenue ₹6,020 Cr and profit ₹1,530 Cr as reported.

FY27-Q1. revenue ₹7,354 Cr and profit ₹1,734 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Lloyds Metals & Energy Ltd's operating margin was 38.0% in the Jun 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 2.0% and 36.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The second pellet plant commissioned in May 2026 and reached full capacity within four months. Together both plants produced 1.7 million tons in Q1 FY27 with domestic sales at 75.3% and export at 24.7%, broadening to Kenya, South Korea, Indonesia, and China. Slurry pipeline savings of Rs500-550 per ton per the August 2026 call are structural, ore moves from mine to pellet plant without trucks, cutting the largest variable cost. The mix shift from commodity ore to pellets is the primary earnings engine: FY26 EBITDA per ton on pellets was Rs4,040 versus Rs1,930 for iron ore.

Why the margin moved: operating margin changed +4.5 percentage points on the year while gross margin changed −8.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

FY26-Q4. revenue ₹6,020 Cr and profit ₹1,530 Cr as reported.

FY27-Q1. revenue ₹7,354 Cr and profit ₹1,734 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 89% of Lloyds Metals & Energy Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,921 Cr of operating cash against ₹3,829 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹21,764 Cr of spending on assets, free cash was −₹18,843 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 89% of profit came in as cash: the cash cycle got 124 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 36.7× depreciation over three years. The next section checks what that spending is building.

Lloyds Metals & Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 31 days in FY26, down from 155 days in FY21. It spent ₹27,022 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 534 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹17,113 Cr, each day of that cycle ties up about ₹46.9 Cr, so roughly ₹1,453 Cr is tied up in the business at any time.

FY26: customers took 32 days to pay and stock sat for 534 days, about 17.6 months of sales sitting as stock, for a full cycle of 31 days, shorter than FY21's 155.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 534 days. Customers pay about 32 days after that. Suppliers are paid at 535 days. Together that makes the 31-day cycle.

Spending on assets: ₹27,022 Cr over the last 3 years, against ₹737 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹13,946 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Lloyds Metals & Energy Ltd's P/E is 21.1×, near the low end of its own history: it has been lower only 26% of the time. Its usual P/E (the middle reading) is 27.4×, over 6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹86.00.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.