Lloyds Engineering Works Ltd.

•

₹ 90.05-2.38%

2026-08-21

lloydsengg.inBSE: 539992NSE: LLOYDSENGG

Market Cap₹ 14,423 Cr.

Current Price₹ 92

High / Low₹ 100 / 37

Stock P/E64.5

Book Value₹ 11

Price to Book3.29

Dividend Yield0.27 %

ROCE18.0 %

ROE13.6 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Engineering: 87.1% • Electrical: 12.9%

PROS

Company is almost debt free
Company comfortably covers its interest (15.5x coverage)

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 36.2% versus prior year
Promoter holding has decreased over last 2 years: -15.3pp
Working capital days have increased from 156 to 299 days
Inventory has been piling up - inventory days up from 37 to 73

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BHEL	418.50	59.91	145724.35	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	THERMAX	4024.55	80.82	47955.05	0.50	21.79	-85.61	2302.73	7.09	15.85	2.98
3.	INDOMIM	966.60	89.58	47796.52	0.61	2401.22	—	12187.42	—	24.48	33.36
4.	KIRLOSENG	2081.95	55.47	30296.51	0.34	111.06	-20.05	1999.53	13.36	14.46	15.02
5.	JYOTICNC	951.90	67.29	21648.40	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	AZAD	2827.20	131.38	18258.55	0.00	35.16	19.46	172.60	25.90	12.28	37.29
7.	TRITURBINE	569.95	53.88	18118.62	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
8.	INOXINDIA	1932.55	68.83	17540.50	0.10	580.72	850.16	3707.90	991.77	33.54	20.46
9.	LLOYDSENGG	92.99	64.48	14423.11	0.27	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1724.35	613.12	12954.64	0.12	-108.25	-406.36	1723.44	383.99	18.56	3.27
11.	KRN	1502.65	101.46	9836.12	0.00	32.90	164.84	252.32	118.87	21.21	19.44
12.	ELECON	428.75	40.76	9621.15	0.47	70.35	-59.90	520.56	6.11	22.27	20.96

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	122	201	266	232	217	317	272	495	527
	98	166	223	197	190	268	220	434	471
Operating Profit	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—
Other Income	1	1	10	7	9	8	24	9	13
Interest	1	1	3	3	2	4	4	4	3
Depreciation	1	1	3	3	3	6	6	7	7
	23	35	48	35	30	47	67	59	82
Tax %	19.43%	22.85%	24.69%	36.48%	43.49%	7.59%	15.67%	34.41%	16.91%
Net Profit	19	27	36	20	300	54	67	46	68
	0	0	0	0	0	0	1	0	0
Equity Capital	108	108	116	117	132	132	132	144	147
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	108	108	116	117	132	132	132	144	147
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Sep 2023

: 122
: 98
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 23
Tax %: 19.43%
Net Profit: 19
: 0
Equity Capital: 108
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 108
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 201
: 166
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 35
Tax %: 22.85%
Net Profit: 27
: 0
Equity Capital: 108
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 108
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 266
: 223
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 3
Depreciation: 3
: 48
Tax %: 24.69%
Net Profit: 36
: 0
Equity Capital: 116
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 116
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 232
: 197
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 3
Depreciation: 3
: 35
Tax %: 36.48%
Net Profit: 20
: 0
Equity Capital: 117
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 117
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 217
: 190
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 2
Depreciation: 3
: 30
Tax %: 43.49%
Net Profit: 300
: 0
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 317
: 268
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 4
Depreciation: 6
: 47
Tax %: 7.59%
Net Profit: 54
: 0
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 272
: 220
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 4
Depreciation: 6
: 67
Tax %: 15.67%
Net Profit: 67
: 1
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 495
: 434
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 4
Depreciation: 7
: 59
Tax %: 34.41%
Net Profit: 46
: 0
Equity Capital: 144
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 144
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 527
: 471
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 3
Depreciation: 7
: 82
Tax %: 16.91%
Net Profit: 68
: 0
Equity Capital: 147
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 147
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026	TTM
	846	1,301	1,611
	711	1,112	1,393
Operating Profit	159	239	—
OPM %	19	18	—
Other Income	24	50	54
Interest	9	14	15
Depreciation	10	22	26
	141	203	255
Tax %	23	23	19
Net Profit	108	156	207
EPS	1	1	—
Dividend Payout %	28	19	—
Minority Interest	-2	-8	4
Share of Associates	-3	42	42
Adjusted EPS	1	1	—
Minority Interest	-2	-8	4
Share of Associates	-3	42	42
Adjusted EPS	1	1	—

Mar 2025

: 846
: 711
Operating Profit: 159
OPM %: 19
Other Income: 24
Interest: 9
Depreciation: 10
: 141
Tax %: 23
Net Profit: 108
EPS: 1
Dividend Payout %: 28
Minority Interest: -2
Share of Associates: -3
Adjusted EPS: 1
Minority Interest: -2
Share of Associates: -3
Adjusted EPS: 1

Mar 2026

: 1,301
: 1,112
Operating Profit: 239
OPM %: 18
Other Income: 50
Interest: 14
Depreciation: 22
: 203
Tax %: 23
Net Profit: 156
EPS: 1
Dividend Payout %: 19
Minority Interest: -8
Share of Associates: 42
Adjusted EPS: 1
Minority Interest: -8
Share of Associates: 42
Adjusted EPS: 1

TTM

: 1,611
: 1,393
Operating Profit: —
OPM %: —
Other Income: 54
Interest: 15
Depreciation: 26
: 255
Tax %: 19
Net Profit: 207
EPS: —
Dividend Payout %: —
Minority Interest: 4
Share of Associates: 42
Adjusted EPS: —
Minority Interest: 4
Share of Associates: 42
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 52%
5 Years:: 109%
3 Years:: 39%
1 Year:: 34%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
LIABILITIES	-	-
Equity Capital	117	144
	519	1,509
	41	22
Trade Payables	104	192
	200	498
Total Liabilities	981	2,365
ASSETS	-	-
	233	431
Capital Work in Progress	63	71
	16	77
	86	433
	271	240
Cash & Bank	127	397
	184	717
Total Assets	981	2,365
Total Debt	58	34
Net Working Capital	360	1,066
Contingent Liabilities	89	248
Book Value per Share	5.46	11.48
Face Value	1.00	1.00
Total Debt	58	34
Net Working Capital	360	1,066
Contingent Liabilities	89	248
Book Value per Share	5.46	11.48
Face Value	1.00	1.00

Mar 2025

Equity Capital: 117
: 519
: 41
Trade Payables: 104
: 200
Total Liabilities: 981
: 233
Capital Work in Progress: 63
: 16
: 86
: 271
Cash & Bank: 127
: 184
Total Assets: 981
Total Debt: 58
Net Working Capital: 360
Contingent Liabilities: 89
Book Value per Share: 5.46
Face Value: 1.00
Total Debt: 58
Net Working Capital: 360
Contingent Liabilities: 89
Book Value per Share: 5.46
Face Value: 1.00

Mar 2026

Equity Capital: 144
: 1,509
: 22
Trade Payables: 192
: 498
Total Liabilities: 2,365
: 431
Capital Work in Progress: 71
: 77
: 433
: 240
Cash & Bank: 397
: 717
Total Assets: 2,365
Total Debt: 34
Net Working Capital: 1,066
Contingent Liabilities: 248
Book Value per Share: 11.48
Face Value: 1.00
Total Debt: 34
Net Working Capital: 1,066
Contingent Liabilities: 248
Book Value per Share: 11.48
Face Value: 1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
	153	-253
Cash from Investing	-109	-461
Cash from Financing	-45	788
	-1	74
Free Cash Flow	153	-524
OCF / Net Profit	1.42	-1.63
Cumulative 5-Year FCF	0	0
OCF / Net Profit	1.42	-1.63
Cumulative 5-Year FCF	0	0

Mar 2025

: 153
Cash from Investing: -109
Cash from Financing: -45
: -1
Free Cash Flow: 153
OCF / Net Profit: 1.42
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.42
Cumulative 5-Year FCF: 0

Mar 2026

: -253
Cash from Investing: -461
Cash from Financing: 788
: 74
Free Cash Flow: -524
OCF / Net Profit: -1.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.63
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
PER SHARE	-	-
EPS (₹)	0.88	1.32
Book Value (₹)	5.46	11.48
Dividend per Share (₹)	0.25	0.25
Cash EPS (₹)	0.89	1.23
PROFITABILITY	-	-
Operating Margin %	15.98%	14.53%
Net Margin %	12.77%	11.95%
ROE %	16.98%	13.59%
ROCE %	21.19%	17.99%
	11.01%	9.30%
EFFICIENCY	-	-
Debtor Days	117	72
Inventory Days	37	73
Payable Days	96	91
	59	54
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.09x	0.02x
Interest Coverage (x)	17.55x	15.51x
	2.28x	2.77x
GROWTH	-	-
Revenue Growth %	0.00%	53.85%
Operating Profit Growth %	0.00%	50.05%
Net Profit Growth %	0.00%	43.99%
	0.00%	49.07%
VALUATION	-	-
P/E (x)	57.60x	28.60x
P/B (x)	10.56x	3.29x
Dividend Yield %	0.43%	0.66%
	41.73x	21.19x

Mar 2025

EPS (₹): 0.88
Book Value (₹): 5.46
Dividend per Share (₹): 0.25
Cash EPS (₹): 0.89
Operating Margin %: 15.98%
Net Margin %: 12.77%
ROE %: 16.98%
ROCE %: 21.19%
: 11.01%
Debtor Days: 117
Inventory Days: 37
Payable Days: 96
: 59
Debt to Equity (x): 0.09x
Interest Coverage (x): 17.55x
: 2.28x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 57.60x
P/B (x): 10.56x
Dividend Yield %: 0.43%
: 41.73x

Mar 2026

EPS (₹): 1.32
Book Value (₹): 11.48
Dividend per Share (₹): 0.25
Cash EPS (₹): 1.23
Operating Margin %: 14.53%
Net Margin %: 11.95%
ROE %: 13.59%
ROCE %: 17.99%
: 9.30%
Debtor Days: 72
Inventory Days: 73
Payable Days: 91
: 54
Debt to Equity (x): 0.02x
Interest Coverage (x): 15.51x
: 2.77x
Revenue Growth %: 53.85%
Operating Profit Growth %: 50.05%
Net Profit Growth %: 43.99%
: 49.07%
P/E (x): 28.60x
P/B (x): 3.29x
Dividend Yield %: 0.66%
: 21.19x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.25	57.25	56.38	56.22	49.36	49.26	49.26	41.92	41.91
	2.12	2.22	2.87	2.66	2.22	2.15	1.93	1.97	2.44
	0.14	0.15	0.16	0.16	0.15	0.16	0.16	0.18	0.24
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.49	40.36	40.57	40.95	48.28	48.41	48.64	55.93	55.41

Jun 2024

: 57.25
: 2.12
: 0.14
Government: 0.00
: 40.49

Sep 2024

: 57.25
: 2.22
: 0.15
Government: 0.00
: 40.36

Dec 2024

: 56.38
: 2.87
: 0.16
Government: 0.00
: 40.57

Mar 2025

: 56.22
: 2.66
: 0.16
Government: 0.00
: 40.95

Jun 2025

: 49.36
: 2.22
: 0.15
Government: 0.00
: 48.28

Sep 2025

: 49.26
: 2.15
: 0.16
Government: 0.00
: 48.41

Dec 2025

: 49.26
: 1.93
: 0.16
Government: 0.00
: 48.64

Mar 2026

: 41.92
: 1.97
: 0.18
Government: 0.00
: 55.93

Jun 2026

: 41.91
: 2.44
: 0.24
Government: 0.00
: 55.41

Documents

Announcements

General Updates
2026-08-17 - LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange about the Investment in Steel Infra Solutions Company Limited.
General Updates
2026-08-17 - LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange about the Acquisition of Shares through Preferential Issue

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
TranscriptPPTREC
May 2026
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Feb 2026
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