LLOYDSME

Lloyds Metals And Energy Limited

India's largest merchant iron ore miner, integrated through pellets into steel

Commodities›Metals & Mining›Minerals & Mining›Industrial Minerals

lloyds.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1851.70
Market cap
1,04,209 Cr
Stock P/E
21.9
P/B
7.51
Dividend yield
0.1%
ROE (FY26)
25.8%
ROCE (FY26)
16.6%
Operating margin (FY26)
32.3%
Debt / equity (FY26)
1.47
OCF / EBITDA (FY26)
47.6%
OCF / EBITDA (3Y)
59.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Lloyds Metals and Energy mines iron ore in Gadchiroli, Maharashtra, and turns it into pellets and Direct Reduced Iron (DRI), selling iron ore, pellets and DRI to steel and pellet makers.

Company snapshot

1stBy market cap

Ranked among 9 companies in Industrial Minerals.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Mining
88.0%
1,475 Cr494 Cr2,185 Cr
Pellet trading
3.2%
54 Cr-0.32 Cr-0.44 Cr
Power
1.5%
25 Cr6 Cr875 Cr
Sponge Iron
10.8%
182 Cr33 Cr3,831 Cr

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 22.4% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,091 Cr1,911 Cr1,554 Cr2,417 Cr1,364 Cr1,675 Cr1,193 Cr2,384 Cr3,651 Cr5,058 Cr6,020 Cr7,354 Cr
Operating expenses (approx.)805 Cr1,463 Cr1,096 Cr1,699 Cr1,025 Cr1,139 Cr932 Cr1,589 Cr2,608 Cr3,299 Cr3,474 Cr4,573 Cr
EBITDA286 Cr448 Cr458 Cr719 Cr339 Cr536 Cr261 Cr794 Cr1,043 Cr1,759 Cr2,545 Cr2,781 Cr
OPM %26.2%23.4%29.5%29.7%24.9%32.0%21.9%33.3%28.6%34.8%42.3%37.8%
Other income20 Cr13 Cr8 Cr6 Cr105 Cr18 Cr19 Cr28 Cr55 Cr97 Cr11 Cr128 Cr
Interest0.99 Cr2 Cr2 Cr2 Cr4 Cr8 Cr13 Cr15 Cr176 Cr152 Cr168 Cr276 Cr
Depreciation10 Cr15 Cr17 Cr19 Cr18 Cr22 Cr22 Cr31 Cr167 Cr186 Cr224 Cr262 Cr
Profit before tax295 Cr444 Cr448 Cr704 Cr424 Cr524 Cr245 Cr777 Cr756 Cr1,517 Cr2,187 Cr2,405 Cr
Tax %21.6%25.4%38.1%20.8%28.9%25.7%17.5%17.4%25.0%28.2%30.0%27.9%
Net profit231 Cr332 Cr277 Cr557 Cr301 Cr389 Cr202 Cr642 Cr567 Cr1,090 Cr1,530 Cr1,734 Cr
EPS (₹)₹4.58₹6.57₹5.49₹11.06₹5.88₹7.55₹3.91₹12.12₹11.04₹19.87₹26.77₹30.68

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales253 Cr697 Cr3,392 Cr6,522 Cr6,721 Cr17,113 CrSign in free for the trailing twelve months
Operating expenses (approx.)243 Cr552 Cr2,582 Cr4,793 Cr4,768 Cr10,973 CrSign in free for the trailing twelve months
EBITDA11 Cr146 Cr810 Cr1,728 Cr1,953 Cr6,140 CrSign in free for the trailing twelve months
OPM %4.3%20.9%23.9%26.5%29.1%35.9%Sign in free for the trailing twelve months
Other income20 Cr30 Cr74 Cr53 Cr51 Cr194 CrSign in free for the trailing twelve months
Interest17 Cr18 Cr65 Cr6 Cr27 Cr510 CrSign in free for the trailing twelve months
Depreciation14 Cr18 Cr23 Cr49 Cr81 Cr607 CrSign in free for the trailing twelve months
Profit before tax0.13 Cr88 Cr-398 Cr1,727 Cr1,896 Cr5,237 CrSign in free for the trailing twelve months
Tax %0.0%-10.8%27.4%28.0%23.5%26.9%Sign in free for the trailing twelve months
Net profit0.13 Cr97 Cr-289 Cr1,243 Cr1,450 Cr3,829 CrSign in free for the trailing twelve months
EPS (₹)₹0.01₹2.86₹-6.53₹24.62₹28.01₹69.42Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%—0.0%3.6%1.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital25 Cr37 Cr50 Cr51 Cr52 Cr56 Cr
Reserves157 Cr445 Cr1,478 Cr2,760 Cr6,350 Cr13,815 Cr
Borrowings103 Cr57 Cr——756 Cr20,380 Cr
Other liabilities435 Cr285 Cr497 Cr1,127 Cr2,259 Cr7,003 Cr
Total liabilities720 Cr824 Cr2,026 Cr3,938 Cr9,417 Cr41,650 Cr
Fixed assets (net)361 Cr399 Cr475 Cr1,157 Cr1,532 Cr9,992 Cr
CWIP85 Cr86 Cr373 Cr1,268 Cr4,181 Cr13,946 Cr
Investments0.14 Cr0.26 Cr37 Cr29 Cr75 Cr666 Cr
Loans & advances0 Cr0 Cr25 Cr2 Cr251 Cr890 Cr
Inventories116 Cr167 Cr270 Cr231 Cr432 Cr2,660 Cr
Trade receivables7 Cr24 Cr25 Cr80 Cr171 Cr1,481 Cr
Cash & bank0.40 Cr14 Cr28 Cr3 Cr40 Cr2,122 Cr
Other assets152 Cr134 Cr795 Cr1,168 Cr2,735 Cr9,894 Cr
Total assets720 Cr824 Cr2,026 Cr3,938 Cr9,417 Cr41,650 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-15 Cr-78 Cr-516 Cr1,701 Cr1,205 Cr2,921 Cr
Cash from investing-62 Cr-57 Cr-612 Cr-1,725 Cr-3,976 Cr-10,543 Cr
Cash from financing66 Cr149 Cr1,143 Cr-0.63 Cr2,808 Cr8,633 Cr
Net cash flow-11 Cr13 Cr14 Cr-25 Cr37 Cr1,012 Cr
Free cash flow (OCF − Capex)-34 Cr-134 Cr-616 Cr-20 Cr-2,493 Cr-7,040 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.9%19.7%-21.8%61.6%26.9%16.6%
ROE %0.1%20.2%-18.9%44.2%22.6%25.8%
Debtor days101234931
Inventory days194163195157295447
Days payable59155426925447
Cash conversion cycle145160144-10727931
OCF / EBITDA %-137.4%-53.7%-63.7%98.4%61.7%47.6%
OCF / EBITDA % (3 years)——-63.1%41.2%53.2%59.3%
Debt / equity0.560.12——0.121.47
Current ratio1.632.612.001.141.430.81
Net debt / EBITDA9.420.30-0.03-0.00150.372.97