Lloyds Metals & Energy Ltd
LLOYDSMELloyds Metals & Energy Ltd's multiple sits at its floor because earnings outran a 24× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 28th percentile of its own 6-year range.
The sharpest disagreement: annual EPS moved +135.2% against a +38.6% price move — the market has not yet caught up with the delivery.
The price is in a confirmed uptrend (22 weeks in) while the P/E sits at the 28th percentile of its own 6-year range. Underneath, the last four quarters read improving — profit +170.1% year on year, and 89% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Lloyds Metals & Energy Ltd trades at ₹1,798, in a confirmed uptrend and 22 weeks into that stage. That is +10.0% against its own 200-day average. It sits at 71% of a 52-week range of ₹1,074 to ₹2,100. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks.
Today the stock is in a confirmed uptrend — week 22 of stage 2, confirmed. At ₹1,798 it trades +10.0% versus its 200-day average and sits at 71% of its 52-week range (₹1,074–₹2,100).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +17,885% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 10 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Lloyds Metals & Energy Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Our fortnightly research layers last read it on 22 August 2026.
Our read, 22 August 2026. Lloyds Metals has converted captive iron ore into a pellets-DRI-steel platform that earned 38% OPM in Q1 FY27, but margins are at the top of their own 42-quarter band and a Rs15,000 Cr capex overhang means free cash flow will be deeply negative for at least two more years.
From the numbers. EPS = revenue × OPM × (1 - interest/EBITDA) × (1 - tax). Revenue is still growing (Q1 FY27 +208% YoY standalone) and is the dominant lever. OPM at 38% Q1 FY27 is the margin in question. Interest expense is rising — Q1…
From the price. Price stage 2, week 22 — above its 200-day line, relative strength falling.
From the research. Lloyds Metals has converted captive iron ore into a pellets-DRI-steel platform that earned 38% OPM in Q1 FY27, but margins are at the top of their own 42-quarter band and a Rs15,000 Cr capex overhang means free cash…
🚨 Where they disagree. STRONG_OPPORTUNITY.
What is proven. Lloyds Metals has converted captive iron ore into a pellets-DRI-steel platform that earned 38% OPM in Q1 FY27, but margins are at the top of their own 42-quarter band and a Rs15,000 Cr capex overhang means free cash flow will be deeply negative for at least two more years.
What is not proven yet. Two consecutive quarters where pellet EBITDA per ton falls below Rs4,000 while consolidated net debt continues rising above Rs20,000 Cr — that combination would confirm the market's peak-cycle read: margins reverting to iron-ore commodity levels while the balance sheet remains fully stretched, eliminating the structural premium case.
🚨 What would change our mind. Two consecutive quarters where pellet EBITDA per ton falls below Rs4,000 while consolidated net debt continues rising above Rs20,000 Cr — that combination would confirm the market's peak-cycle read: margins reverting to iron-ore commodity levels while the balance sheet remains fully stretched, eliminating the structural premium case.
Layer 1 read, 22 August 2026 — KEEP. Profits tripled on pellets from its own ore while the shares got cheaper — but management misses every number it gives. Sales went from 2,384cr to 7,354cr in four quarters and the share of higher-value products jumped from 13% of standalone sales to 41%, and from 2% of standalone operating profit to 40% — pellets earn roughly three times what raw ore does per ton. The shares cost 21.7 times earnings, down from 46 a year ago, because profit grew faster than the price. The catch is borrowing and credibility: debt went from about 1,073cr to 20,716cr in one year, and management told investors debt would peak near 10,500-10,600cr in 2028 but reported 19,000cr in August 2026 without explaining the gap.
What would change Layer 1’s mind. The timeline says the thesis breaks on two consecutive quarters of pellet EBITDA below Rs4,000 a ton with net debt still climbing past 20,000cr. I sharpen it to the September 2026 quarter and add the credibility leg, because that is the wound here: if the Q2 FY27 call reports pellet EBITDA under Rs4,500 a ton AND consolidated net debt above 21,000cr, then margin normalization and the financing escalation are compounding at the same time, which is exactly the bear case — and given five straight…
Layer 2 read, 22 August 2026 — BENCH. Lloyds built a better business, but the stock and iron-ore cycle have already travelled too far. Value-added products reached 41% of standalone revenue and 40% of EBITDA, so the operating improvement is real. But the stock's 36-48 month run is 13.21 times, the sector is TOPPING with falling margins, and sector capex is up 84.62% with CWIP 107.32% while institutions are absent [sector_capital_flows: Mining/Minerals - Iron Ore].
What would change Layer 2’s mind. Two consecutive quarters with pellet EBITDA per ton above Rs 4,500 after the current sector capacity wave begins producing would flip BENCH to ADVANCE because the structural-margin claim would have survived the external supply test.
The test written in advance. Management financial guidance credibility — repeated material misses — Management financial guidance credibility — repeated material misses by the next result.
The test written in advance. Peak-margin value trap — OPM at the 98th percentile of own history — Peak-margin value trap — OPM at the 98th percentile of own history by the next result.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Pellet-led value addition | in play | — | Pellets earned Rs5,803 EBITDA per ton in Q1 FY27 versus Rs1,930 per ton for raw iron ore, and now constitute 41% of standalone… | Pellet EBITDA per ton falls below Rs3,500 for two consecutive quarters due to Indian steel capacity additions absorbing domestic pellet demand or… |
| Iron ore volume scale with environmental… | in play | — | FY26 iron ore production reached 21.96 million tons and FY27 guidance is 26 million tons, with Surjagarh expanded to a 55… | Simandou iron ore project (Guinea) adds more than 40 million tons of seaborne supply by FY28, compressing Indian domestic iron ore benchmark prices… |
| Triveni MDO subsidiary scale and… | in play | — | Triveni contributed Rs2,672 Cr revenue and Rs658 Cr EBITDA in Q1 FY27 — up 145% year-on-year — as Gadchiroli capacity expanded… | The NTPC wage-claim litigation — currently sub judice with no provision — results in a material adverse ruling, or Triveni fails to add the… |
| Downstream integration via wire rod and… | in play | — | A 1.2 million ton wire rod mill is targeted for commissioning by March 2027, and BHQ beneficiation (30 million ton input, 16-17… | Wire rod commissioning is delayed beyond September 2027 (six months past guide), signaling a broader execution failure on the Rs15,000 Cr capex… |
Lever 5 · Regulatory approval — BUILDING. 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. What proves it keeps working: Iron ore volume scale with environmental clearance headroom.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Lloyds Metals & Energy Ltd reported ₹7,354 Cr of revenue in the Jun 26 quarter, +208.5% year on year. That is the 4th straight quarter of year-on-year growth. Over 16 years it has compounded at 23.7% a year. The last full year, FY26, came in at ₹17,113 Cr. The last four reported quarters add to ₹22,083 Cr.
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 targeted 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.
FY26 revenue came in at ₹17,113 Cr (+154.6% on the year), capping 16 years at 23.7% compound. The latest quarter (Jun 26) printed ₹7,354 Cr, +208.5% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +242.3% growth against the decade's 23.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +230.2% over the last 4 quarters against +77.9%/yr over the last 8 — accelerating; TTM profit +220.8% vs +87.7%/yr — 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.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Lloyds Metals & Energy Ltd's operating margin is 38.0% in the Jun 26 quarter, +5.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 2.0% to 36.0%.
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.
The latest quarter's operating margin is 38.0%, +5.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 2.0%–36.0%, and FY26's 36.0% is the top of that band — a record year.
Why the margin moved: operating margin went +4.5 pp year on year while gross margin went −8.9 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
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.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Lloyds Metals & Energy Ltd earned ₹1,734 Cr of net profit in the Jun 26 quarter, +170.1% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹3,829 Cr. The 16-year compound rate is 39.8%. That is 23.6% of the quarter's revenue. The same quarter a year earlier earned ₹642 Cr.
Jun 26 profit was ₹1,734 Cr, +170.1% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹3,829 Cr (+163.2%), and the 16-year compound rate is 39.8%.
Why profit moved: revenue contributed +208.5% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +274.0% vs revenue +242.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
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.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 89% of Lloyds Metals & Energy Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹2,921 Cr of operating cash against ₹3,829 Cr of profit. After ₹21,764 Cr of capital spending, ₹−18,843 Cr was left as free cash.
FY26: operating cash of ₹2,921 Cr against reported profit of ₹3,829 Cr, leaving free cash of ₹−18,843 Cr after ₹21,764 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 89% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 89%: the cash cycle tightened 124 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 36.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Lloyds Metals & Energy Ltd's cash conversion cycle runs 31 days in FY26, down from 155 days in FY21. Capital spending ran ₹27,022 Cr over the last 3 years. At FY26 sales of ₹17,113 Cr each day of that cycle holds about ₹46.9 Cr, so roughly ₹1,453 Cr sits inside the business at any moment.
FY26: debtors at 32 days, inventory at 534 days — roughly 17.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 31 days, tighter than FY21's 155.
The full loop: cash goes out to suppliers and production on day 0; stock waits 534 days to sell; customers pay about 32 days after that; and suppliers themselves are paid at 535 days — netting out to the 31-day cycle.
In money terms: at FY26 sales of ₹17,113 Cr, each day of the cycle holds about ₹46.9 Cr — so the 31-day loop keeps roughly ₹1,453 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹27,022 Cr over the last 3 fiscal years against ₹737 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹13,946 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Lloyds Metals & Energy Ltd earns a ROCE of 27% in FY26. That is up from a trough of 6% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 22.4% net margin on 0.41× asset turns.
FY26 ROCE is 27%, recovered from a FY21 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 22.4% net margin × 0.41× asset turns × 3.00× balance-sheet leverage ≈ 27.6% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 7.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Lloyds Metals & Energy Ltd carries ₹20,716 Cr of borrowings against ₹13,871 Cr of equity in FY26, a debt-to-equity of 1.49. Operating profit covers the interest bill 12×. Over 5 years borrowings went from ₹155 Cr to ₹20,716 Cr. Capital spending ran ₹27,022 Cr across the last 3 of those years.
FY26: borrowings of ₹20,716 Cr against equity of ₹13,871 Cr — a debt-to-equity of 1.49. Operating profit covers the interest bill 12×. Over 5 years borrowings went from ₹155 Cr to ₹20,716 Cr while capital spending ran ₹27,022 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 7.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 1.8 points of Lloyds Metals & Energy Ltd over 8 quarters, the biggest move on the register. That takes promoters to 61.6% of the company. Domestic institutions moved +0.9 points over the same window, to 2.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −1.8 points over 8 quarters to 61.6%; Domestic institutions: +0.9 points over 8 quarters to 2.2%; Foreign institutions: −0.1 points over 8 quarters to 1.9%.
🚨 Why the register moved: promoters drove it (−1.8 points), absorbed on the other side by domestic institutions (+0.9 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Lloyds Metals & Energy Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Lloyds Metals & Energy Ltd trades at 21.3× P/E, near the bottom of its own range — cheaper only 28% of the time. Its long-run median P/E is 27.4×, measured across 5.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 21.3× is near the bottom of its own range — cheaper only 28% of the time, against a long-run median of 27.4× measured over 5.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +135.2% against a +38.6% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +89.0%/yr price move, ~+195.8%/yr came from earnings growth and ~−106.8 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 7.2% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 25 August 2026 price, Lloyds Metals & Energy Ltd was paying for profit growth of about 11.7% a year. Profit itself has compounded 39.8% a year over the past 16 years. Today the market pays 21.3× P/E, the 28th percentile of its own 6-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 25 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Lloyds Metals & Energy Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 27.0% — the per-curve reads carry the story. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +154.6% | +72.2% | +132.7% | — |
| Profit | +163.2% | — | — | — |
| EPS | +135.2% | — | +479.6% | — |
| Share price | +38.6% | +48.0% | +89.0% | +62.4% |
4-Factor Sector Score
71.0/100 — rank 1 of 6 in Mining/Minerals - Iron Ore · 75% evidence confidence
Lloyds Metals & Energy Ltd scores 71.0 out of 100 against the 6 companies it is compared with in Mining/Minerals - Iron Ore, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 24.3 + 19 + 8.5 + 19.2 = 71. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What Lloyds Metals & Energy Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Consolidated Net Debt Far Above Prior Peak Outlook · 11 August 2026. In February 2026, management said consolidated net debt would peak at approximately INR10,500-10,600 crores in FY28. However, in August 2026, management reported consolidated net debt of around INR19,000 crores, an increase of roughly 80% versus the prior peak outlook. Management attributed a significant portion to an acquisition but did not provide a quantified reconciliation to the earlier debt trajectory.
Copper Project Completion Capex Increased · 11 August 2026. In May 2026, management estimated that completing the under-construction copper asset would require approximately $200-260 million. In August 2026, the stated total completion capex increased to around $300 million or more, materially above the prior range, without explaining the change in scope, cost assumptions, or project requirements.
BHQ Output Estimate Materially Revised · 11 August 2026. Management previously stated that the first phase of the BHQ plant would process 30 million tons of input and produce approximately 12 million tons of output. In August 2026, the output estimate was raised to 16-17 million tons, roughly one-third higher than the prior estimate, without an explanation for the significant change in expected yield or plant configuration.
Second Slurry Pipeline Per-Ton Savings Materially Reduced · 6 May 2026. Management in the Feb 2026 call explicitly stated the second slurry pipeline would generate savings of INR850 per ton for sale material and around INR1,250 per ton for Chandrapur pellet plant material, anchoring the key economic rationale for the multi-thousand crore project. The May 2026 call revises this down to INR500-600 per ton for the same category of material - a 30-40% reduction - with no explanation provided, directly weakening the investment case and raising questions about whether the INR2,000 crore annual savings target by 2028 can be achieved.
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Lloyds Metals & Energy Ltdthis pageLLOYDSME | 71.0/100Favorable setup75% evidence | FADING | 24.3/35 Revenue 100% · PAT 100% · OPM change 5 pp 95% evidence | 19.0/25 ROCE 27.3% · OPM 38% 76% evidence | 8.5/20 P/E 21.3× · PEG — 15% evidence | 19.2/20 RS sector 16.6% · RS bench 21.4% · 1Y 39%8 of 12 weeks ahead 100% evidence |
| Exact sum: 24.3 + 19 + 8.5 + 19.2 = 71 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Jayaswal Neco Industries LtdJAYNECOIND | 64.7/100Mixed-positive evidence93% evidence | TURNING | 25.0/35 Revenue 22.2% · PAT 100% · OPM change 0 pp 100% evidence | 12.7/25 ROCE 20.7% · OPM 19% 100% evidence | 13.3/20 P/E 15.3× · PEG 0.62 65% evidence | 13.7/20 RS sector 4.1% · RS bench 8.6% · 1Y 47.6%2 of 12 weeks ahead 100% evidence |
| Exact sum: 25 + 12.7 + 13.3 + 13.7 = 64.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Sandur Manganese & Iron Ores LtdSANDUMA | 57.6/100Mixed-positive evidence100% evidence | ASLEEP | 25.8/35 Revenue 45.2% · PAT 46.1% · OPM change -1 pp 100% evidence | 15.5/25 ROCE 24.2% · OPM 25% 100% evidence | 16.3/20 P/E 12.5× · PEG 0.33 100% evidence | 0.0/20 RS sector -12.2% · RS bench -7.5% · 1Y 23.2%1 of 12 weeks ahead 100% evidence |
| Exact sum: 25.8 + 15.5 + 16.3 + 0 = 57.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -12.2% and the one-year return is 23.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 4Sarda Energy & Minerals LtdSARDAEN | 57.4/100Mixed-positive evidence93% evidence | TURNING | 20.0/35 Revenue 5.9% · PAT 22.4% · OPM change 3 pp 100% evidence | 12.8/25 ROCE 16.9% · OPM 41% 100% evidence | 13.7/20 P/E 16.5× · PEG 0.48 65% evidence | 10.9/20 RS sector -4.3% · RS bench 0.8% · 1Y -7.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 12.8 + 13.7 + 10.9 = 57.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5NMDC LtdNMDC | 52.5/100Mixed-positive evidence100% evidence | ASLEEP | 15.4/35 Revenue 27.3% · PAT 14.2% · OPM change -1 pp 100% evidence | 17.9/25 ROCE 27.6% · OPM 36% 100% evidence | 9.0/20 P/E 9.7× · PEG 1.58 100% evidence | 10.2/20 RS sector -3.2% · RS bench 1.6% · 1Y 10.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 15.4 + 17.9 + 9 + 10.2 = 52.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Godawari Power & Ispat LtdGPIL | 27.5/100Adverse evidence100% evidence | ASLEEP | 6.3/35 Revenue 8.4% · PAT 8.8% · OPM change -5 pp 100% evidence | 11.1/25 ROCE 20.5% · OPM 19% 100% evidence | 7.5/20 P/E 20.1× · PEG 1.06 100% evidence | 2.6/20 RS sector -9.7% · RS bench -5.1% · 1Y 0.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 6.3 + 11.1 + 7.5 + 2.6 = 27.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Lloyds Metals & Energy Ltd's share price today?
Lloyds Metals & Energy Ltd trades at ₹1,798, +38.6% over the past year. The company is valued at ₹1,01,301 Cr. The stock sits at 71% of its 52-week range of ₹1,074–₹2,100, +10.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 22 weeks in. — as of 11 September 2026.
What were Lloyds Metals & Energy Ltd's latest quarterly results?
Lloyds Metals & Energy Ltd reported revenue of ₹7,354 Cr and net profit of ₹1,734 Cr for the Jun 26 quarter. Revenue rose 208.5% and profit rose 170.1% year on year. Earnings per share were ₹30.67. The operating margin was 38.0%, 5.0 pp higher than a year earlier. — as of 11 September 2026.
What is Lloyds Metals & Energy Ltd's revenue?
Lloyds Metals & Energy Ltd reported revenue of ₹7,354 Cr in the Jun 26 quarter, +208.5% year on year. For the full FY26 fiscal year, revenue was ₹17,113 Cr (+154.6%). Over the last 16 years revenue compounded at 23.7% a year. — as of 11 September 2026.
What is Lloyds Metals & Energy Ltd's profit?
Lloyds Metals & Energy Ltd earned ₹1,734 Cr of net profit in the Jun 26 quarter, +170.1% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹3,829 Cr. The operating margin ran 38.0% in the latest quarter. — as of 11 September 2026.
What is Lloyds Metals & Energy Ltd's market cap?
Lloyds Metals & Energy Ltd's market capitalisation is ₹1,01,301 Cr at a share price of ₹1,798. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Lloyds Metals & Energy Ltd's P/E ratio?
Lloyds Metals & Energy Ltd trades at a P/E of 21.3×, at the 28th percentile of its own 6-year range, against a long-run median of 27.4×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Lloyds Metals & Energy Ltd pay a dividend?
Yes — Lloyds Metals & Energy Ltd's dividend payout was 2% of profit in FY26, and it recorded a payout in 4 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Lloyds Metals & Energy Ltd overvalued?
On its own history, Lloyds Metals & Energy Ltd looks cheap: its P/E of 21.3× has been cheaper only 28% of the time in 6 years (long-run median 27.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.
Is Lloyds Metals & Energy Ltd growing?
Yes — Lloyds Metals & Energy Ltd is growing: latest-quarter revenue +208.5% year on year, profit +170.1%, and the margin +5.0 pp at 38.0%. The 16-year compound rates are 23.7% (revenue) and 39.8% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Lloyds Metals & Energy Ltd performing?
Lloyds Metals & Energy Ltd is in a confirmed uptrend, 22 weeks in. Its latest quarter's revenue rose 208.5% and profit rose 170.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 10 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Lloyds Metals & Energy Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 27.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +230.2% latest, profit growth +220.8% latest, eps growth +193.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Lloyds Metals & Energy Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 22 of stage 2), trading +10.0% versus its 200-day average and at 71% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Lloyds Metals & Energy Ltd beating the market?
On recent form, yes — Lloyds Metals & Energy Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +17,885% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Lloyds Metals & Energy Ltd's share price go up?
This page publishes no price forecast for Lloyds Metals & Energy Ltd. What it measures instead: the share price is ₹1,798, the price is in a confirmed uptrend 22 weeks in. Its P/E of 21.3× sits at the 28th percentile of its own 6-year range. — as of 11 September 2026.
Who owns Lloyds Metals & Energy Ltd?
Promoters hold 61.6% of Lloyds Metals & Energy Ltd, foreign institutions 1.9%, domestic institutions 2.2% and the public 34.3% (latest quarter). The biggest move on the register over the last two years: Promoters cut 1.8 points over 8 quarters. — as of 11 September 2026.
Does Lloyds Metals & Energy Ltd have too much debt?
It carries real leverage — Lloyds Metals & Energy Ltd's debt-to-equity is 1.49, and operating profit covers the interest bill 12×. FY26 borrowings were ₹20,716 Cr against equity of ₹13,871 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Lloyds Metals & Energy Ltd's capex?
Lloyds Metals & Energy Ltd spent ₹27,022 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹21,764 Cr, with ₹13,946 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Lloyds Metals & Energy Ltd's cash flow?
Lloyds Metals & Energy Ltd generated ₹2,921 Cr of operating cash flow in FY26 and ₹−18,843 Cr of free cash flow after ₹21,764 Cr of capital spending. Reported profit that year was ₹3,829 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Lloyds Metals & Energy Ltd's profit real cash?
Yes — over the last 3 fiscal years, 89% of Lloyds Metals & Energy Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹2,921 Cr against reported profit of ₹3,829 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Lloyds Metals & Energy Ltd in its business cycle?
Lloyds Metals & Energy Ltd's FY26 operating margin was 36.0%, against a 13-year band of 2.0%–36.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 38.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Lloyds Metals & Energy Ltd's price assume?
At its price on 25 August 2026, Lloyds Metals & Energy Ltd was priced for profit growth of about 11.7% a year. Profit itself has compounded 39.8% a year over the past 16 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Lloyds Metals & Energy Ltd story?
The sharpest disagreement: annual EPS moved +135.2% against a +38.6% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Lloyds Metals & Energy Ltd a stock worth studying right now?
This is not investment advice. The machine read: Lloyds Metals & Energy Ltd's multiple sits at its floor because earnings outran a 24× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 28th percentile of its own 6-year range. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!