NSE: LLOYDSENT · BSE: 512463
LLOYDS ENTERPRISES LTD
Operates across four reporting segments — Engineering (55.4% of FY26 segment revenue), Steel (33.5%), Electrical (8.2%) and Real Estate (2.9%). The Engineering segment runs through material subsidiary Lloyds Engineering Works Limited (LEWL), which is absorbing three transferor companies — Lloyds Infrastructure & Construction, Metalfab Hightech and Techno Industries — under a scheme pending NCLT clearance. In June 2026 the group raised its combined stake in heavy structural steel fabricator SISCOL to around 88% in a deal valued at about Rs 1,073 crore (LEL contributing Rs 219 crore). The Steel segment covers steel products and recently won a GAIL steel pipe supply tender. The group has set up a new defence step-down subsidiary LADSL in December 2025 and holds a 30.48% economic interest in mining services company Geomysore Services India. FY26 standalone revenue stood at Rs 1,756.29 crore and consolidated total income at approximately Rs 2,200 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Engineering (55%), Steel (34%), Electrical (8%), Real Estate (3%). Diversified industrial group spanning engineering, steel, electrical and real estate; order-driven
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 48 | 380 | 958 | 1,488 | 1,756 |
| EBITDA (ex other income) | 4 | 48 | 89 | 118 | 112 |
| margin % | 8.4 | 12.6 | 9.3 | 7.9 | 6.4 |
| Owners' profit | 151 | 49 | 118 | 57 | 283 |
| EPS, as reported (₹) | 1.21 | 0.53 | 1.37 | 0.97 | 3.08 |
| ROE % · ROCE % | 19.3 · 19.7 | 6.1 · 5.6 | 8.5 · 10.6 | 4.1 · 5.3 | 7.7 · 8.3 |
| Debt / equity (x) | 0.02 | 0.06 | 0.05 | 0.19 | 0.13 |
| Cash from operations | (181) | 63 | (20) | 145 | (361) |
| Capex | (12) | (0) | (52) | (2) | (81) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 385 | 290 | 489 | 331 | 407 | 299 | 720 | 563 |
| Profit before tax | 46 | 53 | 42 | 288 | 54 | 39 | 88 | 113 |
| Net profit | 40 | 41 | 25 | 249 | 62 | 38 | 69 | 110 |
| EPS (₹) | 0.32 | 0.33 | 0.19 | 1.95 | 0.48 | 0.29 | 0.51 | 0.73 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Real Estate | 37 | 1.6 |
| Steel | 637 | 27.9 |
| Engineering | 671 | 29.3 |
| Electrical | 102 | 4.5 |
| a) Real Estate | 30 | 1.3 |
| b) Steel | 129 | 5.6 |
| c) Engineering | 596 | 26.1 |
| d) Electrical | 85 | 3.7 |
| Total, before eliminations | 2,287 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SG MART LIMITED | 10,105 | 81.3 | 6.33 | 47.7 | 7.0 | 8.7 | — | 5.2 |
| LLOYDS ENTERPRISES LTD ◆ | 9,442 | 30.8 | 1.74 | 18.2 | 7.7 | 7.5 | 365.3 | 23.2 |
| NUPUR RECYCLERS LIMITED | 1,091 | 63.7 | 7.42 | 40.3 | 11.2 | 12.4 | — | 16.2 |
| BMW VENTURES LIMITED | 550 | 12.9 | 1.24 | — | 8.5 | 11.1 | — | 3.6 |
| EMERGENT INDUSTRIAL SOLUTIONS | 218 | 171.3 | 7.51 | 63.9 | 4.4 | 5.8 | (3.4) | 1.8 |
| La Tim Metal & Industries Limi | 129 | 16.0 | 1.63 | 8.3 | 10.4 | 11.7 | (0.3) | 4.9 |
| BONLON INDUSTRIES LIMITED | 56 | 18.4 | 0.56 | 11.5 | 2.6 | 3.0 | 32.7 | 2.6 |
| RR METALMAKERS INDIA LIMITED | 39 | — | 6.13 | 41.4 | (4.9) | (5.7) | — | 4.5 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.8 | 30.8 | 5 of 9 | 50% |
| P/B | 1.7 | 1.7 | 6 of 10 | 44% |
| ROCE | 7.5 | 7.7 | 6 of 10 | 44% |
| ROE | 7.7 | 7.3 | 5 of 10 | 56% |
| Debt / Equity | 0.1 | 0.3 | 3 of 10 | 78% |
| EBITDA margin | 23.2 | 4.7 | 2 of 10 | 89% |
| Revenue growth | 70.2 | 20.0 | 2 of 10 | 89% |
| Profit growth | (55.8) | 61.8 | 9 of 10 | 11% |
| Market cap | 9442 | 173 | 2 of 10 | 89% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · ESOP Grant of 1,35,440 Options at Rs 2 per Share Under 2025 Plan | capital market events | low | — | — |
| 16 Oct 2026 · Clarification on share volume increase, no undisclosed info | regulatory legal | medium | — | — |
| 16 Oct 2026 · BSE seeks clarification on unusual trading volume | regulatory legal | medium | — | — |
| 12 Oct 2026 · Reg 74(5) demat certificate for quarter ended Sep 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · Tata Capital transfers Rs 40 Cr loan portion to Aditya Birla Capital | credit debt | medium | — | — |
| 30 Sept 2026 · SEBI Settlement Order closes enforcement case against Lloyds Enterprises | regulatory legal | high | — | — |
| 29 Sept 2026 · ESOP Allotment: 1,39,298 shares under Lloyds Enterprises ESOP 2025 | capital market events | low | — | — |
| 25 Sept 2026 · Trading Window Closure Ahead of Q2 FY26 Results Board Meeting | compliance | minimal | — | — |
| 3 Sept 2026 · Name change of strategic unit to Thriveni Lloyds Swarnagiri | business updates | low | — | — |
| 17 Aug 2026 · Lloyds Enterprises completes 17.98% stake buy in Steel Infra Solutions for Rs 219 Cr | strategic transactions | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.