DINESH

Lloyds Metals

Industry: Iron & Steel
Latest CMP 1,884
Today's Change ▼ -0.96%
52-Week High / Low 2,101 | 1,098
Price Date: 30-Sep-2026
Recommendation Buy
Target Price 2,940
Expected Upside 24.9%
Forecast Horizon 2 Years
Historical CAGR Not Available
1,000 Invested —
Today's Value —
Investment Period < 5 Years

Stock Snapshot

Post Results Return
-5.7%
Mild Negative Re-rating
1-Year Target Price
2,701
2-Year Target Price
2,940
52-Week High / Low
2,101 / 1,098
20-Day Return
+1.9%
Market Cap (Cr.)
106,032
Current PE
29.3
P/BV Ratio
7.2
Dividend Yield
0.1%
Industry PE
21.7

Price Performance

Vista Outlook

Basis of our Recommendation

Lloyds Metals and Energy Limited has demonstrated a robust operational performance, highlighted by record revenues and significant margin expansion in Q1 FY27, primarily due to the successful ramp-up of its second pellet plant and the operational efficiencies gained from its slurry pipeline. Management's confidence in achieving an EBITDA margin of 28-30% is underpinned by disciplined execution and cost optimization strategies, which are crucial as the company navigates a heavy investment phase focused on deepening integration and diversifying into copper. Vista's financial outlook reflects these developments, projecting moderate revenue growth alongside improving margins, supported by the company's strategic initiatives and favorable market conditions. However, potential headwinds such as commodity market volatility and the complexities of large-scale capital projects remain critical watchpoints. The iron and steel industry is currently expanding, with improving pricing power and government support, which bodes well for Lloyds' growth trajectory. Over the next 12-24 months, key opportunities include the successful execution of diversification into copper and the realization of operational efficiencies, while challenges may arise from rising input costs and geopolitical tensions affecting supply chains

👍 Why We Like This Stock

  • Successful ramp-up of the second pellet plant enhances production capacity and operational efficiency
  • Management's focus on cost optimization supports strong margin expansion and EBITDA guidance
  • Diversification into copper presents a significant growth opportunity and revenue stability

⚠ Things To Watch Out For

  • Commodity market volatility poses risks to revenue predictability and margin stability
  • Rising input costs, particularly for coking coal, could pressure profitability
  • Geopolitical tensions may disrupt supply chains and increase operational complexities

Key Parameters

Balance Sheet Strength
Conservatively Financed
Market Share
Stable
Industry Outlook
Improving
Analyst View
Hold
Dividend History
Regular
FII Holdings
Stable

Financial Snapshot

View Technicals Analysis →
Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 6,525 6,721 17,113 21,639 24,525
Profit Before Tax (Cr.) 1,727 1,895 5,237 6,968 7,799
PBT Margin 26.5% 28.2% 30.6% 32.2% 31.8%
Net Profit (Cr.) 1,467 1,438 3,646 4,843 5,200
Earnings Per Share 26.1 25.6 62.1 82.6 92.4

Analyst Recommendations

Broker Recommendation Target Price Date
Nomura ► Neutral 1,950 12-Aug-2026
Anand Rathi ▲ Buy 2,030 15-Jun-2026
Choice Equity ▲ Buy 2,075 07-May-2026
ICICI Securities ► Hold 1,740 07-May-2026
Consensus Recommendation ► Hold
Consensus Target 1,950
Coverage 4 Analysts
Analysts' Viewpoint
Lloyds Metals is experiencing strong growth driven by its strategic shift towards higher-margin products and diversification into copper, which is expected to generate significant revenue over the next five years. Analysts highlight the company's operational efficiencies and aggressive production targets as key drivers of improved margins and market appeal. However, some caution is noted regarding current valuations, which may limit upside potential despite the positive growth outlook.

Company Overview

Show Company Profile

Lloyds Metals and Energy Limited manufactures and sells sponge iron and iron ore in India. The company operates through four segments: Mining, Steel and related value added products, Mine Developer and Operator (MDO), and Others. It offers wire rods, round and TMT bars, as well as flat steel products. The company is also involved in the generation of power; and trading of pellets. Lloyds Metals and Energy Limited was incorporated in 1977 and is based in Mumbai, India.