Lloyds Metals & Energy Ltd has stunned investors with a mutibagger return since 2020, turning a modest Rs 1 lakh investment into over Rs 1.38 crore. With its dominant iron ore operations, ambitious expansion plans, and focus on sustainability, Lloyds is fast becoming one of India’s most exciting multibagger stories in the metals and mining sector.
This company’s stock has risen by over 13,738 percent from Rs 9.38 in September 2020 and is currently trading at Rs 1,298, giving a significant gain of 13,738 percent to its investors. If an investor had put Rs. 1 lakh into the stock, that Rs. 1 Lakh would have turned to Rs. 1,38,38,000 if someone had invested in 2020 and held the share till date.
With a market capitalisation of Rs 67,706 crore, the shares of Lloyds Metals & Energy Ltd are currently trading at Rs 1,298 per share, and in the past 1 year, it has given a positive return of 66 percent, and the past 5-year return stands at 13,738 percent.
Lloyds Metals and Energy Limited has been a key player in the metals and mining sector for over 50 years, making it one of India’s top integrated steel and mining companies.
Based in Maharashtra, the company has significant operations in Chandrapur and Gadchiroli, right in the middle of India’s resource-rich region. They proudly own and run the single largest iron ore mine in India, which is in the process of ramping up dispatchable iron ore capacity to 26 MTPA.
Sustainability is at the heart of their growth strategy, featuring initiatives like battery-operated vehicles, electric vehicle fleets for mining, slurry pipelines to reduce emissions, and a strong commitment to renewable energy. With a mix of scale, innovation, and a focus on sustainability, Lloyds Metals is positioning itself as a forward-thinking leader in the metals and mining industry in India.
Product Overview
Lloyds Metals and Energy operates in the metals and mining sector, and its key products, namely iron ore, DRI, pellets, steel, and power, play a crucial role in the steelmaking and infrastructure ecosystem.
Iron ore is the primary raw material used to make steel, which is essential for building infrastructure, automobiles, appliances, and construction projects. Direct Reduced Iron (DRI), also called sponge iron, is produced from iron ore and used as a substitute for scrap in steelmaking, helping improve steel quality and reduce impurities. Pellets, which are refined and concentrated forms of iron ore, are used in steel plants to improve efficiency and reduce energy consumption during production.
Additionally, power generation is critical for running energy-intensive mining and steelmaking operations, and Lloyds uses both captive thermal and renewable power to ensure uninterrupted production.
Together, these products not only strengthen the company’s integrated steel operations but also contribute significantly to India’s growing demand for infrastructure, automobiles, and manufacturing, making Lloyds Metals a key player in the country’s industrial development.
Financial Highlights
The company reported a revenue of Rs 2,384 crore in Q1 FY26, down by 1.4 percent from its Q1 FY25 revenue of Rs 2,417. However, revenue doubled from Rs 1,193 crore in its previous quarter.
Regarding its profitability, the company reported a net profit of Rs 642 crore in Q1 FY26, up by 15 percent from its Q1 FY25 net profit of Rs 557 crore. Additionally, revenue grew by a staggering 218 percent from Rs 202 crore in its previous quarter.
In the first quarter of FY26, the Iron Ore segment saw a revenue boost, reaching Rs 2,089.2 crore, which is an 8 percent increase from Rs 1,933.1 crore in the same quarter last year. Sales volumes also ticked up a bit to 3.45 MMT, compared to 3.39 MMT a year earlier, reflecting a steady demand in the market.
On the other hand, the DRI & Power segment reported revenue of Rs 249.9 crore in Q1FY26, down from Rs 277.2 crore in Q1FY25, which translates to a 10 percent decline year-over-year. Despite this drop in revenue, DRI sales volumes improved to 78.92 ‘000 MT from 76.42 ‘000 MT, indicating better production levels even with lower prices.
Power sales were recorded at 45.10 million units in Q1FY26, a decrease from 49.10 million units in Q1FY25. Although the volumes dipped slightly, this segment continues to play a crucial role in supporting overall operations.
Future Outlook
Lloyds Metals is really on the rise, with some exciting plans for expanding its capacity across various product segments. In FY25, the company managed to produce 10 million tons of iron ore and 340,000 tons of DRI. But they’re not stopping there. For FY26, they’re aiming for a big leap, targeting iron ore production of 22 million tons, pellet output between 2.8 and 3 million tons, and DRI production in the range of 450,000 to 550,000 tons.
Looking ahead to FY27, they have even bigger goals, planning to ramp up iron ore production to between 25 and 26 million tons, pellet production to 5 to 6 million tons, and DRI output to 700,000 tons. Plus, they’re set to kick off steel production (specifically wire rod mill) at around 0.3 to 0.5 million tons and get their BHQ ore operations up and running by the end of FY27.
This bold expansion plan really highlights Lloyds Metals’ ambition to become a major player in the integrated steel and mining industry, solidifying its role in India’s metals sector.
Written by Satyajeet Mukherjee
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