The Shares of Lloyds Metals And Energy Limited have delivered 9,500% in just seven years, as the share price has risen from Rs 2.91 in July 2015 to the current level of Rs 278 on the NSE.
Lloyds Metals & Energy, incorporated in the year 1977, is in the business of manufacturing of Sponge Iron, Power generation, and mining activities. The company set up India’s first private-sector Steel Plant in Wardha.
If an investor would have invested Rs 1 lakh in the company in January 2013, the total value of their holdings would be Rs 96 Lakhs today. The shares reached an all-time high of Rs 301 in February 2022. At that point, the total value of Rs 1 lakh would have been 1.01 Crore as the shares logged a return of 10,015%.
Lloyds is present across the value chain of steel manufacturing, from iron ore mining to DRI manufacturing, and is further forward integrating into steel manufacturing.
In Q3FY23, the company reported a total revenue jumped 495 percent to Rs 999.62 crore from Rs 168.27 crore in the same period a year ago. In the previous quarter, their revenue stood at Rs 673.76 crore.
In the quarter under review, they reported a total net profit of Rs 230.03 Crore as compared to a loss of Rs 26.2 crore in Q3FY22. On a sequential basis, their earnings increased 61 percent from Rs 142.71 crore.
The company has a market capitalization of Rs 12,499 crores and a dividend yield of 0.18%. The company’s promoters hold a 74.62 percent stake and have pledged 11.89 percent of it.
Written by Anoushka Roy
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