Lloyds Engineering Works Ltd (LLOYDSENGG) AI Stock Analysis

• Market Cap: ₹60.52B
• Dividend Yield: 0.43%
• Average Volume (3M): 262.42K
• Price to Earnings (P/E): 33.8
• Beta (1Y): 1.82
• Revenue Growth: 40.02%
• EPS Growth: 26.77%
• Country: IN
• Employees: 277
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.41
• Shares Outstanding: 1,474,202,000
• 10 Day Avg. Volume: 222,769
• 30 Day Avg. Volume: 262,417
• PEG Ratio: 2.92
• Price to Book (P/B): 9.42
• Price to Sales (P/S): 7.22
• P/FCF Ratio: 66.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹43.00 ▼(-20.94% Downside)
• Action: Reiterated Date: 11/25/25
• Date: Action: Reiterated 11/25/25

Lloyds Engineering Works Ltd's strong financial performance is offset by bearish technical indicators and a high valuation. The stock's oversold condition may present a buying opportunity, but the high P/E ratio and low dividend yield suggest caution. The absence of recent earnings call data and corporate events limits further insights.

Positive Factors

Revenue Growth Trend

Sustained ~29.5% revenue growth demonstrates expanding demand for the company's industrial-machinery offerings and market penetration. Over a 2-6 month horizon this trend supports scale economics, capacity utilization and the ability to reinvest in products and operations.

Margin Expansion & Profitability

Consistent improvement in gross, EBIT and net margins indicates durable cost control and some pricing power versus peers. Sustained margin expansion enhances operating leverage, increases cash conversion potential, and strengthens ability to absorb input-cost shocks long term.

Balance Sheet Strength

A favorable debt-to-equity and solid equity ratio point to low leverage and prudent financial management. This durability provides flexibility for capex or cyclical downturns, lowers refinancing risk, and preserves room to finance strategic investments without stressing liquidity.

Negative Factors

Cash Flow Volatility

Recent positive free cash flow is encouraging, but historical negative FCF periods signal inconsistent cash generation and possible working-capital or project-timing effects. Persistent volatility can constrain reinvestment, raise funding needs, and pressure operations through downturns.

Limited Investor Guidance / Disclosure

A lack of recent earnings-call detail and corporate-event disclosure reduces forward visibility into strategy, capital allocation and risk outlook. For investors and creditors this hampers reliable forecasting and governance assessment, a lasting impediment to transparency.

Cyclical / Volatility Exposure

A near-1.9 beta and operation in Industrial - Machinery imply structural cyclicality and earnings sensitivity to economic cycles. This elevates the risk of order and margin swings across quarters and increases the need for conservative liquidity and flexible cost structure to sustain performance.

Lloyds Engineering Works Ltd Business Overview & Revenue Model

Company Description

Lloyds Engineering Works Limited provides engineering products and services in India. It designs, engineers, manufactures, fabricates, supplies, erects, and commissions mechanical, hydraulic, structural, process plants, metallurgical, and chemical plants equipment, including marine loading/unloading arms, truck/wagon loading/unloading arms, columns, pressure vessels, dryers, boilers, power plant, steel plant, and capital equipment. The company also executes turnkey and EPC projects. It serves hydrocarbon; steel; nuclear; marine/defense; power; and port, jetty, and refinery industries. The company was formerly known as Lloyds Steels Industries Limited and changed its name to Lloyds Engineering Works Limited in July 2023. Lloyds Engineering Works Limited was founded in 1974 and is based in Mumbai, India.

How the Company Makes Money

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Lloyds Engineering Works Ltd Financial Statement Overview

Summary

Lloyds Engineering Works Ltd exhibits strong revenue growth and profitability, with robust operational performance and sound financial management. The balance sheet is stable with low leverage, though cash flow management needs consistent improvement.

Income Statement

Lloyds Engineering Works Ltd has demonstrated strong revenue growth over the years, with particularly impressive gains in recent periods. The company's gross profit margin and net profit margin both show healthy profitability levels, with margins consistently improving, indicating efficient cost management. The EBIT and EBITDA margins are also robust, signaling strong operational performance.

Balance Sheet

The balance sheet reflects a stable financial structure with a favorable debt-to-equity ratio, suggesting prudent financial management and relatively low leverage. The return on equity is good, indicating effective use of shareholder capital. The equity ratio is solid, underscoring a strong asset base backed by equity, though there could be potential risks if liabilities increase.

Cash Flow

Cash flows have improved significantly, with positive free cash flow growth in the latest period. The operating cash flow to net income ratio indicates efficient cash generation from operations. However, prior periods showed negative free cash flows, suggesting fluctuations in cash management. Continued focus on maintaining positive free cash flows will be critical.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	10.32B	8.46B	6.22B	3.13B	494.22M	699.28M
Gross Profit	2.28B	1.85B	1.18B	665.00M	136.07M	41.28M
EBITDA	1.80B	1.35B	1.07B	555.44M	144.64M	24.38M
Net Income	1.36B	1.03B	798.38M	368.23M	59.47M	5.04M
Balance Sheet
Total Assets	18.45B	9.91B	5.71B	3.71B	1.94B	1.51B
Cash, Cash Equivalents and Short-Term Investments	2.83B	1.36B	1.25B	80.74M	245.94M	182.89M
Total Debt	1.89B	826.50M	753.02M	522.04M	233.03M	48.12M
Total Liabilities	6.40B	3.25B	1.60B	1.75B	588.87M	380.04M
Stockholders Equity	11.88B	6.48B	4.11B	1.95B	1.35B	1.13B
Cash Flow
Free Cash Flow	-4.33B	914.09M	-645.77M	-363.96M	-274.22M	151.46M
Operating Cash Flow	-3.78B	1.58B	-137.52M	-11.72M	-153.41M	175.41M
Investing Cash Flow	-1.37B	-1.09B	-967.50M	-536.54M	-145.77M	-167.62M
Financing Cash Flow	5.10B	-450.94M	1.42B	456.46M	362.22M	-3.12M

Lloyds Engineering Works Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 54.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LLOYDSENGG, the sentiment is Negative. The current price of 54.39 is above the 20-day moving average (MA) of 46.12, above the 50-day MA of 48.49, and below the 200-day MA of 59.10, indicating a bearish trend. The MACD of -2.11 indicates Positive momentum. The RSI at 38.89 is Neutral, neither overbought nor oversold. The STOCH value of 31.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LLOYDSENGG.

Lloyds Engineering Works Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PARAS	68 Neutral	₹50.79B	75.72	―	0.07%	24.92%	50.07%
INGERRAND	66 Neutral	₹113.20B	38.39	―	2.34%	5.68%	9.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KSB	62 Neutral	₹139.04B	48.57	―	0.51%	9.50%	14.52%
KIRLPNU	60 Neutral	₹68.62B	40.77	―	0.97%	6.51%	-1.61%
LLOYDSENGG	58 Neutral	₹60.52B	33.83	―	0.43%	40.02%	26.77%
ISGEC	58 Neutral	₹65.32B	24.01	―	0.59%	-4.14%	-35.66%

Lloyds Engineering Works Ltd Corporate Events

Lloyds Engineering Schedules Virtual EGM With NSDL-Backed E-Voting

Lloyds Engineering Works Ltd has scheduled an Extraordinary General Meeting for March 27, 2026, to be held exclusively via video conference or other audio-visual means in line with Ministry of Corporate Affairs and SEBI circulars. The company has opted to send the EGM notice electronically to shareholders with registered email addresses, reflecting the ongoing move away from physical documentation in corporate governance.

To facilitate shareholder participation and voting, Lloyds Engineering Works has appointed NSDL to provide an e-voting platform, enabling both remote e-voting before the meeting and e-voting during the EGM. Shareholders as of March 20, 2026, can vote electronically within specified time windows, a structure that is designed to ensure broad participation and regulatory compliance while eliminating in-person attendance.

Lloyds Engineering Sets March 27 Virtual EGM and Fixes Cut-Off Date for E-Voting

Lloyds Engineering Works Ltd has scheduled an Extra Ordinary General Meeting for March 27, 2026, to be conducted exclusively through video conferencing and other audio-visual means, with no physical presence of shareholders. The move reflects continued adherence to MCA and SEBI circulars on virtual shareholder meetings and underscores the company’s use of digital channels for corporate decision-making.

The company has set March 20, 2026, as the record and cut-off date to determine shareholders eligible to vote via remote e-voting or during the EGM, using the NSDL electronic voting platform. These arrangements are intended to facilitate wider shareholder participation, ensure regulatory compliance, and provide clarity to investors regarding their voting rights within specified timelines.

Lloyds Engineering Works to Hold Virtual EGM on March 27, 2026

Lloyds Engineering Works Ltd has announced that it will convene an Extraordinary General Meeting on 27 March 2026 at 11:00 a.m. IST via video conferencing and other audio-visual means, in line with applicable provisions of the Companies Act and recent MCA and SEBI circulars. The company has published the EGM notice in Business Standard and Mumbai Lakshadeep and uploaded the details on its website, underscoring its compliance with listing regulations and its efforts to ensure transparent communication with shareholders.

The move to hold the EGM through virtual means reflects the company’s continued reliance on remote participation frameworks permitted by regulators, which can broaden shareholder access while maintaining statutory compliance. For investors, the timely disclosures under SEBI’s Listing Obligations and Disclosure Requirements signal adherence to governance norms and provide clarity on upcoming corporate decision-making processes.

Lloyds Engineering Works Reappoints Independent Director Kumar Pradhan for Second Term

Lloyds Engineering Works Ltd has approved the reappointment of veteran banker Kumar Mohanlal Pradhan as a non-executive independent director for a second five-year term, running from July 22, 2026 to July 21, 2031, subject to shareholder approval. The board, acting on the nomination and remuneration committee’s recommendation via circular resolution, has also called an extraordinary general meeting on March 27, 2026 to seek investor consent for the move, underscoring the company’s focus on continuity of independent oversight and leveraging Pradhan’s extensive banking and project finance experience in its governance structure.

Pradhan, 67, brings 37 years of experience across Indian Airlines, the Reserve Bank of India, Bank of India and IDBI, where he retired as general manager after holding roles in project finance, resource management, human resources, NPA recovery and strategic planning. His continued presence on the board is expected to strengthen Lloyds Engineering Works’ strategic and financial oversight as it navigates regulatory requirements and positions itself within India’s engineering and industrial landscape.

Lloyds Engineering Issues First and Final Call Notice on Partly Paid Rights Shares

Lloyds Engineering Works Ltd has announced that it is dispatching the first and final call notice, along with detailed instructions and the ASBA application form, to holders of partly paid equity shares that were issued on a rights basis, with eligibility determined by the record date of January 28, 2026. The documents are also being made available on the company’s and its registrar’s websites, marking a key step toward completing payment on these partly paid rights shares and progressing the company’s ongoing capital-raising process, which is relevant for existing shareholders tracking their payment obligations and entitlement status.

Lloyds Engineering Publishes Record Date Notice for Final Call on Rights Shares

Lloyds Engineering Works Limited has notified stock exchanges that it has published newspaper advertisements announcing the record date for the first and final call on its partly paid-up rights equity shares issued under its recent rights issue. The notices, carried in national English daily Business Standard and Marathi daily Mumbai Lakshadeep, are intended to formally inform shareholders and the market of the timetable and mechanics for payment of the remaining amount on these rights shares, marking a procedural step toward fully paid-up equity and completion of the capital-raising process.

Lloyds Engineering Works Signs Global Licensing Deal for TMW’s Eco Pickled Surface Technology

Lloyds Engineering Works Limited has entered into an international purchase and licensing agreement with The Material Works Limited (TMW) of the United States, granting Lloyds the rights to design, manufacture and sell TMW’s patented Eco Pickled Surface (EPS) Generation 4 cells globally, excluding China, Macao, Hong Kong, Taiwan and a defined 350‑mile radius around Red Bud, Illinois. Under the arrangement, TMW will license its EPS Gen 4 technology and provide technical support, positioning Lloyds to expand into advanced, acid‑less steel pickling solutions for flat‑rolled metals and potentially strengthening its technological capabilities and market reach in environmentally friendly steel processing equipment.

Lloyds Engineering Works Clears Merger to Build Vertically Integrated Infra Powerhouse

Lloyds Engineering Works Limited has secured board approval for a strategic merger that will fold Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited and Techno Industries Private Limited into a single consolidated entity under Lloyds Engineering Works. The combination unifies high-end engineering design, heavy and specialized manufacturing, and large-scale EPC and infrastructure execution into a vertically integrated platform, positioning the company as a full “design-to-execution” industrial solutions provider with an order book of about ₹6,150 crore as of the first half of FY26, and enabling it to pursue larger, more complex, multi-disciplinary contracts while capturing greater value across the project lifecycle.