Shares of this BSE 500 steel company doubled its investors’ wealth in the last 1 year!

Multi-bagger Stocks

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by 5paisa Research Team Last Updated: Mar 08, 2023 - 01:41 pm 111 Views

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 2.22 lakh today.

Lloyds Metals & Energy Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price has jumped from Rs 136.95 on 10 March 2022 to Rs 304.90 on 06 March 2023, an increase of 122% in last one year. Meanwhile, the S&P BSE 500 index, of which the company is a part, surged by 12.33% YoY.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 2.22 lakh today.

Quarterly performance highlights 

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 494% YoY to Rs 999.6 crore. Similarly, the company reported a net profit of Rs 230 crore as against a net loss of Rs 26.19 crore in the corresponding quarter last year.

In FY22, the company delivered an ROE & ROCE of 30.7% and 22.7% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 13,687.24 crore.

Share price movements

Today, the scrip opened at Rs 308.20 and has touched a high and low of Rs 308.95 and Rs 302.15, respectively. So far, 1,02,288 shares have been traded on the bourses.

At 1 pm, the shares of Lloyds Metals & Energy Ltd were trading at Rs 307.50, an increase of 0.85% from the previous closing price of Rs 304.90 on BSE. The stock has a 52-week high & low of Rs 309.90 and Rs 112.15 respectively on BSE.

Company Profile 

Lloyds Metals & Energy Ltd is engaged in the manufacturing of Direct Reduced Iron (DRI) which is also known as Sponge Iron. It also manufactures steel pipes and tubes, HR/CR Coils, sheets, and strips. The company is also engaged in the business of Power, Sponge Iron & Steel.

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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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