The shares of a Small-Cap company, specializing in designing and manufacturing heavy machinery, equipment, and systems for various industrial sectors, jumped upto 6 percent upon the acquisition of an additional 11 percent equity stake in Techno Industries Private Limited to expand its product offerings into the electrical engineering space.
With a market capitalization of Rs. 11,003.62 crores on Tuesday, the shares of Lloyds Engineering Works Ltd jumped upto 6.2 percent, making a high of Rs. 75.37 compared to its previous close of Rs. 70.94.
Lloyds Engineering Works Ltd, engaged in designing and manufacturing heavy machinery, equipment, and systems for various industrial sectors, has announced that its Board of Directors, in the meeting held on July 01, 2025, approved the acquisition of an additional 11% equity stake (13,75,000 shares) in Techno Industries Private Limited (“TIPL”) for a total cash consideration of Rs. 25 crore. This transaction increases Lloyd’s Engineering’s overall stake in TIPL to 88%.
TIPL, incorporated on May 1, 2000, and based in Ahmedabad, Gujarat, is primarily engaged in the manufacturing and marketing of electrical engineering products, including pumps, motors, and elevators.
The acquisition aligns with Lloyd’s Engineering’s strategic objective of expanding its product offerings into the electrical engineering space. TIPL reported a turnover of Rs. 16,756 lakhs in FY 2023-24, Rs. 14,833 lakhs in FY 2022-23, and Rs. 13,149 lakhs in FY 2021-22. The transaction is expected to be completed within three years.
Financials & Others
The company’s total revenue declined by 3.8 percent from Rs. 190.86 crore to Rs. 183.5 crore in Q4FY24-25. Meanwhile, Net profit declined from Rs. 21.13 crore to Rs. 16.88 crore during the same period.
The company’s PEG ratio of 0.10 is significantly below 1.0, which strongly suggests that the stock may be undervalued relative to its expected earnings growth. This is further supported by its low debt-to-equity ratio of 0.13, indicating a lower financial risk.
Additionally, the company has demonstrated strong financial performance, with an average ROE of 16.20% and ROCE of 17.90% over the last three years. It has also achieved exceptional growth, with a 3-year average revenue growth of 131.84% and net profit growth of 137.67%.
Lloyds Engineering Works Ltd is a leading Indian engineering company, established in 1974 and headquartered in Mumbai. The company specializes in the design, engineering, manufacturing, fabrication, supply, erection, and commissioning of heavy equipment and systems for sectors such as hydrocarbon, oil & gas, steel, power, nuclear, marine, and ports. It also executes turnkey and EPC projects, serving a wide range of industrial clients.
The company’s order book position has shown strong growth over the past three years. As of 31st March 2023, the order book stood at Rs. 682.94 crore, which increased to Rs. 904.32 crore by 31st March 2024. In FY25, the company secured new orders worth Rs. 1,166.84 crore, pushing the order book further to Rs. 1,315.38 crore by 31st March 2025.
Lloyds Engineering Works caters to top-tier clients including Indian Oil, BPCL, HPCL, GAIL, Reliance, Tata Projects, Aditya Birla Group, Jindal, and AM/NS. Its diverse clientele has oil & gas, infrastructure, and engineering giants like EIL, PDIL, GRSE, thyssenkrupp, and SMS Group.
Written by Sridhar J
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