Lloyds Steels Industries LtdNSE:LLOYDSENGG
Current view Q4 2026
Engineering firm with a huge confirmed order book riding India's infra boom. Red flag: the flashy '4x growth' was only on paper, and a group merger dilutes owners ~26%. Very expensive stock.
Latest exchange filings last 5 · 5 after Q4 2026
- 15 Sep ’26Lloyds Enterprises created additional pledge over 37,00,000 LEWL shares on 09 Sep 2026 in favour of Tata Capital. ↗
- 15 Sep ’26Investor Analyst meet Intimation scheduled on September 21 & 22, 2026. ↗
- 12 Sep ’26Dear Sir/Madam, Please find attached the Newspaper Advertisement published as per the order of NCLT for Convening Meetings of Equity Shareholders and Unsecured Creditors of … ↗
- 11 Sep ’26Notice Of Meeting Of Unsecured Creditors Of The Company Pursuant To The Order Of NCLT 11 Sep ↗
- 11 Sep ’26NCLT-directed shareholder meeting on Oct 16, 2026 for merger of LICL, MHPL and TIPL with LEWL. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +131.5% | +85.6% | +49.8% | +71.9% |
| Operating profit | ▲ +96.3% | +47.2% | +49.7% | +128.8% |
| EPS | ▲ +154.6% | +16.7% | +44.8% | +190.0% |
| PAT | ▲ +129.4% | +34.5% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is PAT at +129.4%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good69/100
Cheap, and growing fast. Profit per share grew 45% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹96 → ₹192 needs the P/E at 69× — it is 104× today, and has ranged 51× to 527× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 103× — it has traded there — high was 527×.
Target capped at 45× — its 94× five-year average came from near-zero earnings.
At ₹41 the price-tag on its earnings reaches the 45× it is being projected toward — the point where being cheap against that yardstick is used up.
Growth still unpaid, one leg weaker. Worth the concall read.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹12,375 cr, so the odds of a re-rate are not fighting its own size.
Why the target is capped at 45×. This company averaged 94× over five years, but a multiple that high comes from near-zero earnings rather than from what buyers chose to pay — projecting a return to it would price in the collapse, not the recovery. 45× is what a 45% grower supports.
Growth rate used: 44.8% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Capital Goods · 6 of 130 listed
It earns 15% on its capital, fifth of 6, and it is the second most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Lloyds Engineeri | ₹82 | 88.5× | ₹12,763 Cr | 14.6% | +146.8% | +104.5% |
| Indo-MIM | ₹1,051 | 80.5× | ₹51,992 Cr | 25.0% | +31.6% | +9.4% |
| Aditya Infotech | ₹3,466 | 85.8× | ₹40,999 Cr | 28.6% | +332.5% | +89.5% |
| Syrma SGS Tech. | ₹1,745 | 90.7× | ₹33,646 Cr | 16.8% | +101.2% | +68.3% |
| Honeywell Auto | ₹35,725 | 56.5× | ₹31,581 Cr | 16.9% | +20.9% | +1.8% |
| Kaynes Tech | ₹3,551 | 68.8× | ₹23,867 Cr | 12.7% | −24.4% | +40.5% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Aug 2026
| Are the margins widening? | broadly flat | operating margin 13% → 13% over 3 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | -198% last year, -20% over three · free cash flow −₹380 cr, positive in 1 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹81 cr — 0.05× its own equity (was 0.07×) |
| Is it being collected? | customers are paying faster | 46 days to collect, down 52 in a year · cash cycle 153 days |
| Who has been buying? | the promoters have been selling | promoters 40.0% (−9.3 in a year), 59.8% → 40.0% over 2.7 years · FIIs 2.0% (−0.1) · DIIs 0.3% (+0.1) · shareholders 3,55,127 → 4,22,937 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 14.6% · ROE 10.6% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 199% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 29.4%
- Debtor days have improved from 77.5 to 45.8 days.
- Company's median sales growth is 19.1% of last 10 years
Against it
- Stock is trading at 7.14 times its book value
- Promoter holding has decreased over last quarter: -1.92%
- Working capital days have increased from 139 days to 223 days
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.