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Lloyds Metals & Energy Ltd

Company details

274.55
288.35
110.70
294.00
6M Return 104.67%
1Y Return 165.49%
Mkt Cap.(Cr) 12,677.48
Volume 204,273
Div Yield 0.15%
OI
-
OI Chg %
-
Volume 204,273

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Lloyds Metals & Energy Ltd.

Q2FY23 Quarterly Result Announced for Lloyds Metals & Energy Ltd.

Iron & Steel Manufacturing company Lloyds Metals & Energy announced Q2FY23 results:

  • Company:
    • Revenue from operations for H1FY23 stood at Rs 15,417 million, significantly higher than H1FY22 as mining operations for the company begin in Q3FY22 onwards. 
    • EBITDA for H1FY23 stood at 32% and Q2FY23 at 25%.
    • Cash PAT (PAT Depreciation Non cash items) for H1FY23 stood at Rs 4,395 million. Interest costs include non-cash accounting for INDAS for Rs 190 million in Q2FY23. This demonstrates healthy cash flows for the company.
  • Mining:
    • Iron ore production was stable at 0.73 million tonnes in Q2FY23; H1FY23 - 1.5 million tonnes, translating into a production run rate of 3 MMTPA as per our existing EC limit.
    • Sales were higher by 9% QoQ; despite a traditionally weak quarter for mining companies. Dispatch volumes for H1FY23 stood at 2.65mn tonnes.

Mr. Rajesh Gupta - Director, said: “This H1FY23 performance is quite satisfactory considering the headwinds the steel industry and in particular iron ore miners have been facing as of today. Post imposition of export duty on iron ore and pellets by the central government the export market has become completely unviable and has led to the re-routing of those quantities in the domestic market. Combined with that, monsoons are generally the subdued quarter for mining companies. However, the company responded to the situation with agility and ramped up its dispatch volumes significantly. Despite 20 days of heavy rainfall in our mining area, where road infrastructure was almost standstill, the company reported 8.5% QoQ growth in dispatches. Our H1FY23 iron ore volumes stand at 2.5 million tonnes. With the run rate exhibited in Q2FY23, we are confident of achieving our iron ore sales volume target of 5-5.5million tonnes for FY23. Going ahead our focus also remains on improving the product mix of the company. To further improve our product mix the company has expanded its crushing facilities to 2.4million tonnes from 1.2million tonnes. This will gear us to move close to our long-term target of a 70:30 mix of Fines: Lumps and eventually would fetch us higher average realisations as well.”

Mr. Mukesh Gupta-Chairman said: “Company H1FY23 performance is a testimony of hard work and dedication the team has exhibited in challenging operational scenarios. The company's overall performance is also an exhibit of future performance to come. The company has been progressing well on the exploration of final proven reserves and expansion of its iron ore mining capacities to 10 mnt p.a. We remain committed to the overall growth of the company and judicious use of iron ore as well. Our upcoming 72000 tonnes of sponge iron capacities would lead to optimal utilisation of our captive ore. All these measures are calibrated for a sustained journey for all the stakeholders”

 

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 463.63 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 10,846.35 -17,022.91
LAST 3M 25,915.29 -5,903.92
LAST 6M 50,214.07 67,090.14
LAST 12M 182,243.81 -105,158.90

INFORMATION

Stock PE (TTM)

16.66

Promoter Holding

74.62%

Book Value

3.9621

ROCE

23.31%

ROE

44.82%

Description

  • Lloyds Metals & Engineers, incorporated as Nagarjuna Metals & Engineers in April 1977, has became public in 1986 and acquired it`s present name in Jan 1990. The company operating in the Iron & Steel Industry, manufactures CRCA Strips, Water & Gas Pipes, Sponge Iron. It is also engaged in handling of Iron and Steel (Mostly flat products) from it`s plant at Nagpur and Mumbai. The company in Feb. 1995, came out with a public issue at a premium of Rs.140 to partfinance its project to manufacture Sponge Iron (1.5 lakh TPA capacity) and ERW Pipes( 75000 TPA capacity) and to meet its longterm working capital requirements. First phase of the project was commissioned in Sep 1995. The company proposes to tap the international market again to increase the sponge iron plant capacity to 6,00,000 tpa by setting up additional kilns with associated power plants and for undertaking iron ore mining by acquiring and developing iron ore mines near the sponge iron plant to economise on the production cost of sponge iron. The work on sponge iron second phase to enhance production capacity alongwith captive power plant of 12 MW is progressing slow due to change in plant technology. The company`s revised proposal is under consideration with financial institution. As Part of the revival of the economic condition of the Company, the Scheme of Arrangement in respect of de-merger of the C.R. sheets division into Encon Technologies Limited and amalgamation of rest of the Company thereafter with Insco Steels Limited is proposed to be effected and the same has been approved by the Members at their meeting held on June 1st, 2000. The Company has become a Sick Company and reference has been registered during the year with BIFR to seek determination of measures.

Registered Address

Plot No A 1-2 MIDC Area, Ghugus Dist, Chandrapur, Maharashtra, 442505

Tel : 91-7172-398500 / 285103
Email : investor:lloyds.in
Website : http://www.lloyds.in

Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 512455
NSE Code : LLOYDMETAL
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE281B01032

ICICIdirect Lloyds Metals & Energy Ltd FAQ

You can buy Lloyds Metals & Energy Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Lloyds Metals & Energy Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 25, 2023 04:01 PM the closing price of Lloyds Metals & Energy Ltd was ₹ 285.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 25, 2023 04:01 PM, the market cap of Lloyds Metals & Energy Ltd stood at ₹ 12,677.48.
The latest PE ratio of Lloyds Metals & Energy Ltd as of Jan 25, 2023 04:01 PM is 16.66
The latest PB ratio of Lloyds Metals & Energy Ltd as of Jan 25, 2023 04:01 PM is 0.01
The 52-week high of Lloyds Metals & Energy Ltd is ₹ 294.00 while the 52-week low is ₹ 110.70

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