This small-cap engineering company doubled its investors' wealth in last 9 months!

This small-cap engineering company doubled its investors' wealth in last 9 months!

by 5paisa Research Team Last Updated: Mar 13, 2023 - 01:13 pm 102 Views

An investment of Rs 1 lakh in the shares of this company 9 months ago would have turned to Rs 2.46 lakh today.

Lloyds Steels Industries Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last nine months. During this period, the company’s share price has jumped from Rs 8.56 on June 22, 2022 to Rs 21.10 on March 10, 2023, signifying an increase of 146%.

An investment of Rs 1 lakh in the shares of this company 9 months ago would have turned to Rs 2.46 lakh today.

Quarterly financial highlights-

In the recent quarter Q3FY23, on a standalone basis, the company’s net revenue increased by 202% YoY to Rs 58.41 crore. Similarly, the bottom line increased by 240.58% YoY to Rs 12.78 crore.

The company is currently trading at a TTM PE of 65.90x, as against the industry PE of 19.25x. In FY22, the company delivered an ROE & ROCE of 5.1% and 9.7% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,062.42 crore.

Share price movements-   

Today, the scrip opened at Rs 21.12 and has touched a high and low of Rs 21.38 and Rs 20.80, respectively. So far, 13,18,215 shares have been traded on the bourses.

At 12.56 pm, the shares of Lloyds Steels Industries Ltd were trading at Rs 20.17, a decrease of 4.41% from the previous closing price of Rs 21.10 on BSE. The stock has a 52-week high & low of Rs 25.35 and Rs 8.15 respectively on BSE.

Company Profile-

Established in 1974, Lloyds Steels Industries Ltd is a designer and manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.

The company is approved for its engineering skills/works/services by various premier consulting companies and inspection agencies such as Engineers India (EIL), MECON, LRIS, BVIS amongst various other agencies. The company has collaboration agreements with FMC Technologies SA, France for Marine, Truck/Wagon Loading Arms and Piggable Systems and L3 Calzoni s.r.l., Milano, Italy for Fin Stabilizers and Steering Gears with Controls for Indian Naval Ships and Indian Coast Guard Ships.  

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