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Lloyds Metals & Energy Ltd share Price Today

Company details

596.00
634.25
492.00
686.70
6M Return 12.37%
1Y Return 6.87%
Mkt Cap.(Cr) 30,416.29
Volume 572,010
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 572,010

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Iron & Steel/Intermediate Products company Lloyds Metals & Energy announced Q2FY24 & H1FY24 results:

Financial Highlights:

  • In H1FY24, the company reported revenue of Rs 30,886 million, marking an impressive 100% YoY increase. Q2FY24 revenue also saw substantial growth, up by 62% YoY. This robust performance was primarily driven by higher iron ore volumes.

  • EBITDA for H1FY24 reached Rs 8,540 million, indicating a notable 92% YoY increase. EBITDA for Q2FY24 also witnessed substantial growth, up by 81% YoY.

  • The profit for H1FY24 increased by 56% YoY, and the profit for Q2FY24 also recorded a significant growth of 62% YoY.

  • Expansion Approval: In Q2FY24, the company's board approved an expansion of steel production capacity from the initially planned 0.5 million tonnes to 1.2 million tonnes. The company found that installing a 1.2 million tonne steel plant would be more economical than the previous plan of 0.5 million tonnes. This expansion is expected to proceed without significant delays in permissions or timing.

Mining:

  • Dispatch volumes in mining reached 5.2 million tonnes in H1FY24, representing a remarkable 115% YoY increase. Dispatch volumes for Q2FY24 were at 2.0 million tonnes, demonstrating a higher YoY growth rate.

  • The realization in Q2FY24 increased by 22% YoY but decreased by 13% QoQ.

DRI & Power:

  • DRI and Power segments reported steady performance for H1FY24.

  • Revenue from DRI & Power in H1FY24 increased by 11% YoY. DRI production saw a 23% increase, and power production increased by 53% YoY for H1FY24.

  • Realization for DRI and power remained soft both on a YoY and QoQ basis.

Commenting on overall performance, Rajesh Gupta– Managing Director, said, “Despite Q2FY24 being a traditionally softer quarter for mining due to the monsoon season, Lloyds Metals has defied expectations. Encouragingly, we saw improved realisations and reported better EBITDA per tonne on iron ore than the previous year. EBITDA margins for ore remained flat QoQ, even in the face of lower production, which is a positive outcome. Our sponge production for H1FY24 was strong, and although a routine shutdown in Q2FY24 impacted QoQ production, our sponge margins remained consistent. Regarding new developments, we have embarked on seed marketing of pellets from Goa for exports, forming a strategic partnership with MRPL. This aligns seamlessly with our growth strategy, enhances our market presence, and optimises operations for increased profitability. Lloyds Metals' commitment to expansion has been commendable. Our execution capabilities shone through as we completed our 70k DRI plant in 13 months from environmental clearance. This plant is a testament to our dedication to the development of Gadchiroli and is the first of its kind in the region. Our progress in steel-making is equally promising, and I am buoyant about the prospects of our company. Lloyds Metals remains steadfast in ensuring long-term value for our stakeholders.”

Further Commenting on the Company’s performance, Prabhakaran – Managing Director, said, “Both production and dispatches have been impressive for the half-year ending in September 2023. Lloyds Metals is unwavering in our commitment to developing the Gadchiroli region, leaving no stone unturned in our pursuit. Our vision is aligned with the aspiration of making Gadchiroli the next steel hub of India, and we are making substantial headway toward that goal. We believe in holistic development, emphasising the region's well-being, employment, and environmental sustainability. At Lloyds Metals, we prioritise our stakeholders, employees, and all those associated with the company's growth. We are dedicated to building enduring relationships, ensuring that everyone remains connected with our journey for the long term.”

 

 

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Lloyds Metals & Energy Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (2)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Low Piotroski Score : Companies with weak financials

Opportunity (4)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low

Threats (2)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects

Resistance and support

R1 626.0
R2 649.0
R3 663.6
Pivot

611.38

S1 588.4
S2 573.8
S3 550.8
EMA SMA
581.2
578.1
569.0
525.1
582.4
575.0
576.3
553.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
OM HARI HALAN HUF Bulk Sell 2023-07-24 560.93 3500000 NSE
PUNE IT SPACE SOLUTIONS PRIVATE LIMITED Block Purchase 2023-03-21 296.5 340000 BSE
OM HARI MAHABIR PRASAD HALAN Block Sell 2023-03-21 296.5 340000 BSE
Name Category Shares
Ravi Agarwal PROMOTER 2.32%
Madhur Rajesh Gupta PROMOTER 1.9%
Shreekrishna M Gupta PROMOTER 1.9%
Thriveni Earthmovers Private Limited PROMOTER 19.79%
Sky United LLP PROMOTER 13.05%
Crosslink Food And Farms Private Limited PROMOTER 12.98%
Lloyds Metals And Minerals Trading LLP PROMOTER 7.07%
Lloyds Enterprises Limited PROMOTER 3.12%
Blossom Trade And Interchange LLP PROMOTER 2.61%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Lloyds Metals & Energy Ltd Stocks COMPARISON

Financials( in Cr) Lloyds Metals & Energy Ltd Coal India Ltd Vedanta Ltd NMDC Ltd KIOCL Ltd
Price 602.00 434.10 271.65 201.75 388.90
% Change -1.28 1.08 0.02 1.38 0.84
Mcap Cr 30,416.29 267,524.02 100,977.90 59,124.98 23,635.44
Revenue TTM Cr 3,392.31 138,251.91 147,308.00 17,666.88 1,543.42
Net Profit TTM Cr -288.54 28,124.94 14,506.00 5,537.72 -97.67
PE TTM 24.67 9.10 24.81 10.25 0.00
1 Year Return 6.87 108.30 -0.40 87.85 130.94
ROCE 0.00 29.53 19.89 28.47 -4.37
ROE 0.00 56.03 22.74 22.69 -4.71
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,528.95 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Lloyds Metals & Energy Ltd Information

Stock PE (TTM)
24.67
Promoter Holding
65.69%
Book Value
43.1669
ROCE
0%
ROE
0%
Description
  • Lloyds Metals & Engineers Limited (formerly known Nagarjuna Metals & Engineers Limited) was incorporated in April, 1977. The Company is into the business of mining of Iron Ore, manufacturing of Sponge Iron and generation of Power. 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. During the year 2004-05, the Company floated a wholly owned subsidiary for the purpose of Iron ore mining activities. The Company with the approvals of the shareholders and creditors as also of the Honb`le High Court of Judicature at Bombay vide it`s Order passed on 24 April, 2009, transferred / demerged it`s Steel Tubes and Pipes Undertaking at Murbad under Scheme of Arrangement into it`s wholly owned subsidiary M/s Lloyds Line Pipes Ltd (LLPL), from November 1 , 2008, as the Appointed Date and accordingly, all the property, assets, rights, claims, title, interest, authorities, liabilities comprised in the Steel Tubes and Pipes Undertaking of the Company at Murbad, was transferred to LLPL on going concern basis, which became effective from the date of the above transfer i.e., 14 May, 2009. M/s. Gadchiroli Metals and Minerals Limited, ceased to be wholly owned subsidiary of the Company due to dilution of shareholding during the year 2013-14. During the year 2014-15, Company commissioned it`s 30 MW co-generation Waste Heat Recovery Based (WHRB) Power Plant, at Ghugus, Maharashtra. In 2021, the Company entered into a strategic partnership with MDO contractor, Thriveni Earthmovers Private Limited (Copromoter), and from September, 2021 the mine re-commenced the operations in full capacity with the assistance of Thriveni Earthmovers Private Limited. In 2021, the Company got into an MOU with Thriveni Earthmovers Private Limited, for operating an Mining Development Operators Contractors (MDO) and pursuant to this MOU, the Thriveni Earthmovers Private Limited and Lloyds Metals and Energy Limited incorporated a Joint Venture Company "Thriveni Lloyds Mining Private Limited" on 28th May, 2020 in the ratio of 60:40, for doing Mining Operations only. In 2022, it started with two modules of 95 TPD Sponge iron plant along with 4 MW waste heat recovery power plant and started studying for a 3 MTPA flat product ISP at Konsar. In 2023, the Company developed a "Stockyard" near Allapalli with a truck weighment and screening facility capable of handling 10 Million Metric Tonnes of Iron Ore material per annum. It started with two modules of 95 Tonnes per day sponge iron plant along with 4 Mega Watt waste heat recovery power plant, totaling 62,700 MTPA. It developed domestic market for foundry grade pig iron, iron ore pellets and expanded export market for pellets. In 2022-23, Thriveni Lloyds Mining Private Limited became a subsidiary of the Company effective 20th January, 2023; Lloyds Infinite Foundation was made a wholly owned subsidiary of the Company effective from 18th October, 2022.

Registered Address

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

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

Bigshare Services Pvt Ltd

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

FAQ’s on Lloyds Metals & Energy Ltd Shares

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 Mar 28, 2024 04:09 PM the closing price of Lloyds Metals & Energy Ltd was ₹ 602.00.

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 Mar 28, 2024 04:09 PM, the market cap of Lloyds Metals & Energy Ltd stood at ₹ 30,416.29.

The latest PE ratio of Lloyds Metals & Energy Ltd as of Mar 28, 2024 04:09 PM is 24.67

The latest PB ratio of Lloyds Metals & Energy Ltd as of Mar 28, 2024 04:09 PM is 0.07

The 52-week high of Lloyds Metals & Energy Ltd share price is ₹ 686.70 while the 52-week low is ₹ 492.00

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