LLOYDSMELloyds Metals & Energy Ltd.NSE:LLOYDSMETechnicalAnalystSucritLloyds Metals & Energy Ltd. (CMP ₹1,907.00, NSE: LLOYDSME) The SmartWay Research Desk | 21 July 2026 A Nagpur‑based iron ore mining and sponge iron company, incorporated in 1979. Lloyds Metals & Energy operates across iron ore mining, sponge iron, power generation, and steel manufacturing, with strong presence in Maharashtra and expansion into downstream steel products. Promoter Holding (Mar 2026): Gupta Family — 74.95% stake (no pledges) FY22–FY26 Snapshot Revenue Growth: FY26 revenue ₹6,842 Cr vs ₹5,912 Cr in FY25 (+15.7% YoY). → Good Net Profit: FY26 PAT ₹1,212 Cr vs ₹1,042 Cr in FY25 (+16.3% YoY). → Good Operating Margin: FY26 EBITDA ₹2,012 Cr, margin 29.4% vs 28.6% last year (+80 bps). → Good Equity Capital: Stable, face value ₹1. → Good Dividend Policy: Dividend ₹5.00/share declared for FY26. → Good Asset Building: Investments in steel plant expansion and captive power projects. → Good Sales: Strong demand from iron ore mining and sponge iron supply. → Good Expense: Raw material and power costs remain volatile. → Neutral/Good EPS: FY26 EPS ₹38.25 vs ₹32.90 last year (+16.2%). → Good Institutional Interest & Ownership Trends (Mar 2026) Promoter Holding: 74.95% (no pledges) FII Holding: 6.12% DII Holding: 10.34% Retail & Others: 8.59% Strategic Moves & Innovations Expansion in iron ore mining capacity in Gadchiroli. Focus on integrated steel plant development. Partnerships with state utilities for captive power supply. Diversification into downstream steel products and alloys. Cash Flow & Balance Sheet Strength Market cap ~₹45,800 Cr. Debt‑to‑equity ratio ~0.38 (moderate leverage). Book value per share ₹182.40; P/B ~10.5. EPS (TTM) ₹38.25; P/E ~49.8. Risk Factors High P/E ratio ~49.8, indicating premium valuations. Dependence on iron ore mining approvals and commodity cycles. Exposure to steel price volatility. Competition from JSW Steel, Tata Steel, and SAIL. Investor Takeaway Lloyds Metals & Energy has delivered robust FY26 performance, supported by iron ore mining expansion, sponge iron demand, and steel plant investments. With strong promoter backing, dividend payouts, and integrated growth strategy, Lloyds remains a premium mid‑cap steel & mining play. At CMP ₹1,907.00, valuations are expensive (P/E ~49.8, P/B ~10.5), reflecting growth expectations but also sectoral risks.