Mines iron ore and runs mine-development-and-operation (MDO) contracts for coal, with Mining contributing 69.9% of FY26 segment revenue at INR 10,301.61 cr. The second segment is steel and related value added products at 30.1% of segment revenue (INR 4,443.62 cr), covering DRI, pellets and downstream steel. Iron ore output reached 21.96 million tons in FY26, up from 10 million tons the prior year, and the pellet plant at Konsari produced 3.03 million tons in 9 months, reaching 100% utilisation within 4 months of commissioning. The company entered copper in FY26 via commissioning the Surya mine and a 49% stake in DRC-based Chemaf, targeting 100,000 tons of copper over 3–5 years. The largest cost line is other operating expenses at 45.9% of revenue, with materials at 12.7%, while capex runs at 58.2% of revenue as the company expands iron ore, pellets, DRI, a wire rod mill, BHQ beneficiation and copper. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mining (70%), Steel and related value added products (30%). Asset-heavy, cyclical minerals and metals with vertical integration into steel and new copper exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 697 | 3,392 | 6,522 | 6,721 | 17,113 |
| EBITDA (ex other income) | 94 | (384) | 1,728 | 1,953 | 6,140 |
| margin % | 13.5 | (11.3) | 26.5 | 29.1 | 35.9 |
| Owners' profit | 97 | (289) | 1,243 | 1,450 | 3,681 |
| EPS, as reported (₹) | 2.86 | (6.53) | 24.62 | 28.01 | 69.42 |
| ROE % · ROCE % | 20.2 · 15.0 | (18.9) · (21.4) | 44.2 · 58.7 | 22.6 · 26.3 | 26.8 · 19.4 |
| Debt / equity (x) | 0.12 | 0.00 | 0.00 | 0.12 | 1.43 |
| Cash from operations | (78) | (516) | 1,701 | 1,205 | 2,921 |
| Capex | (56) | (100) | (1,721) | (3,696) | (9,962) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,364 | 1,675 | 1,193 | 2,384 | 3,651 | 5,058 | 6,020 | 7,354 |
| Profit before tax | 424 | 524 | 245 | 777 | 756 | 1,519 | 2,165 | 2,373 |
| Net profit | 301 | 389 | 202 | 642 | 567 | 1,090 | 1,530 | 1,734 |
| EPS (₹) | 5.88 | 7.55 | 3.91 | 12.12 | 11.04 | 19.87 | 26.77 | 30.68 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) Mining | 5,901 | 27.7 |
| b) Steel and related value added products | 1,374 | 6.4 |
| c) MDO Operation and related Services | 2,690 | 12.6 |
| d) Other | 3 | 0.0 |
| Mining | 4,401 | 20.6 |
| Steel and related value added products | 2,749 | 12.9 |
| MDO Operation and related services | 3,881 | 18.2 |
| b) Steel and other related segments | 319 | 1.5 |
| Total, before eliminations | 21,318 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · CCI imposes 15 lakh penalty on Lloyds Metals for standstill breach | regulatory legal | high | — | — |
| 11 Sept 2026 · Promoters create Non-Disposal Undertaking on shares for term loan | ownership changes | high | — | — |
| 11 Sept 2026 · Multiple promoters create Non-Disposal Undertaking for company term loan | ownership changes | medium | — | — |
| 10 Sept 2026 · Promoter Ravi Agarwal creates Non-Disposal Undertaking for 1.19 crore shares | ownership changes | high | — | — |
| 10 Sept 2026 · Promoters create Non-Disposal Undertaking on shares for term loan | ownership changes | medium | — | — |
| 10 Sept 2026 · Lloyds Metals promoters create Non-Disposal Undertaking on shares for term loan | ownership changes | high | — | — |
| 10 Sept 2026 · Promoter NDU created on 6 lakh shares for Lloyds Metals term loan | ownership changes | high | — | — |
| 10 Sept 2026 · Promoters create Non-Disposal Undertaking on shares for company term loan | ownership changes | medium | — | — |
| 9 Sept 2026 · Promoter Blossom Trade creates Non-Disposal Undertaking on 1.32 crore shares | ownership changes | medium | — | — |
| 9 Sept 2026 · Promoter group creates Non-Disposal Undertaking on shares as term loan security | ownership changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LLOYDS METALS N ENERGY L ◆ | 1,01,435 | 20.4 | 7.11 | 18.9 | 26.8 | 17.7 | 132.2 | 39.6 |
| NMDC LTD. | 72,444 | 9.7 | 2.13 | 7.3 | 21.9 | 28.0 | 15.8 | 41.4 |
| GUJARAT MINERAL DEV CORP | 18,345 | 19.2 | 2.59 | 13.3 | 13.5 | 15.5 | 14.7 | 29.5 |
| GRAVITA INDIA LIMITED | 12,457 | 31.4 | 5.07 | 25.6 | 15.4 | 17.2 | 24.8 | 10.7 |
| ASHAPURA MINECHEM LTD | 5,179 | 12.7 | 3.15 | 9.4 | 25.3 | 15.0 | 35.5 | 11.7 |
| MOIL LIMITED | 4,996 | 78.7 | 1.85 | 11.2 | 0.3 | 0.4 | — | 35.6 |
| ORISSA MIN DEV CO LTD | 2,388 | — | — | — | (0.7) | 0.5 | — | 52.8 |
| 20 MICRONS LTD | 736 | 10.9 | 1.51 | 6.3 | 13.7 | 16.9 | 14.6 | 13.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.4 | 16.4 | 8 of 11 | 30% |
| P/B | 7.1 | 2.1 | 12 of 13 | 8% |
| ROCE | 17.6 | 8.4 | 3 of 14 | 85% |
| ROE | 26.8 | 7.3 | 1 of 14 | 100% |
| Debt / Equity | 1.4 | 0.3 | 14 of 14 | 0% |
| EBITDA margin | 39.6 | 13.8 | 3 of 13 | 83% |
| Revenue growth | 208.6 | 19.2 | 1 of 13 | 100% |
| Profit growth | 170.3 | 9.8 | 3 of 14 | 85% |
| Market cap | 101435 | 1562 | 1 of 14 | 100% |
| 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 |
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.
