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LLOYDS METALS AND ENERGY LTD. (LLOYDSME) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.0T (≈ $11.0B) · ISIN INE281B01032

What is LLOYDS METALS AND ENERGY LTD. really worth?

LM LLOYDS METALS AND ENERGY LTD. LLOYDSME · NSE
Price₹1,823
Fair Value₹771.10
Upside−57.7%
Quality43/100

Below-average quality, and trading another 136% above our fair value of ₹771.10.

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Strengths

Highly profitable · 21.5% net margin
Wide moat 86/100

Risks

!Expensive Growth (revenue 5y +134.9 %/yr)
!Moderate debt · negative free cash flow
!Trails peers (5/13)
!The models disagree: range ₹498.29 to ₹2,976
!Weak on dividend: 1 out of 100
Evidence: High Range ₹498.29 – ₹2,976

Fair value as of: Aug 22, 2026

From 16 valuation models · updated 14 days ago

Share price −12.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (₹498.29 to ₹2,976). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (3 years)

₹2,101 ₹514.08 Fair Value ₹771.10 Jul 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

38‑month range ₹514.08 – ₹2,101 · fair‑value band ₹498.29 – ₹2,976 · the ₹1,823 price screens above the ₹771.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

LLOYDS METALS AND ENERGY LTD. (LLOYDSME) currently trades at ₹1,823, while our model-based Fair Value estimate is ₹771.10, implying the stock looks roughly 136.4% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹2,817 per share, and 4 of the 16 models we run sit above the ₹1,823 price. Bear case: the Asset-Based group reads lowest at ₹165.17, and 12 of the 16 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, LLOYDS METALS AND ENERGY LTD. generated revenue of ₹171B at a net margin of 21.5%. It earns a return on equity of 37.0%. Net debt stands at ₹180B. The stock trades on a trailing P/E of 27.3. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹498.29 (bear case) to ₹2,976 (bull case); at ₹1,823, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −58%, LLOYDSME screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹28.31 per share, which is 3.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence ₹534.95 ₹664.31 ₹779.29 74
ROIC Compounder ₹826.52 ₹1,375 ₹1,807 69
EV/EBITDA ₹620.33 ₹893.14 ₹1,166 67
All 16 models by family
Earnings-Based
Graham-Dodd ₹444.83 ₹3,102 ₹4,353 61
Lynch FV ₹1,603 ₹2,290 ₹2,976 59
PEG = 1.0 ₹1,603 ₹2,290 ₹2,976 55
EPV best evidence ₹534.95 ₹664.31 ₹779.29 74
Dividend Discount
Gordon GGM ₹8.94 ₹19.53 ₹32.85 63
DDM Multi-Stage ₹8.94 ₹16.00 ₹20.35 64
Multiples
P/E Multiple ₹834.06 ₹1,112 ₹1,390 63
P/S Multiple ₹342.15 ₹456.19 ₹570.24 58
P/B Multiple ₹554.66 ₹739.55 ₹924.43 55
EV/EBIT ₹834.41 ₹1,179 ₹1,523 65
EV/EBITDA ₹620.33 ₹893.14 ₹1,166 67
EV/Revenue ₹121.24 ₹258.10 ₹394.96 51
Asset-Based
NCAV (Graham) ₹123.26 ₹165.17 ₹246.52 54
Economic Profit
Residual Income ₹528.65 ₹810.86 ₹8,919 61
ROIC Compounder ₹826.52 ₹1,375 ₹1,807 69
Growth Earnings
Growth-Adj P/E ₹1,972 ₹2,817 ₹3,662 65

Widest divergence: Growth Earnings (₹2,817) versus Dividend Discount (₹16.00). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 27.3
P/S ratio 5.86 P/E × margin
EPS (TTM) ₹66.88 price ÷ EPS = P/E 27.3
Dividend yield 0.1% payout 1.5%
Net margin 21.5% FY2026
Return on equity 37.0% TTM
More key figures
Profitability
Return on assets (EBIT) 27.4% avg 5y
Operating margin 38.9% TTM
Growth
Revenue (TTM) ₹171B TTM
Revenue growth (YoY) +406% 3y avg +72.3%
EPS growth (YoY) +605%
Balance sheet & cash flow
Free cash flow −₹74.1B FY2026
Net debt ₹180B FY2026

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 82

Profitability 59
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 58
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Lloyds Metals and Energy Limited manufactures and sells sponge iron and iron ore in India. The company operates through four segments: Mining, Steel and related value added products, Mine Developer and Operator (MDO), and Others. It offers wire rods, round and TMT bars, as well as flat steel products.

Full company description

Lloyds Metals and Energy Limited manufactures and sells sponge iron and iron ore in India. The company operates through four segments: Mining, Steel and related value added products, Mine Developer and Operator (MDO), and Others. It offers wire rods, round and TMT bars, as well as flat steel products. The company is also involved in the generation of power; and trading of pellets. Lloyds Metals and Energy Limited was incorporated in 1977 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

LLOYDS METALS AND ENERGY LTD. reported revenue of ₹171B in FY2026 versus ₹6.8B in FY2022, a compound +123.9%/yr. Reported net income was ₹36.8B in FY2026, compounding +148.0%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹171B
Latest YoY
+158.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+72.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+134.9%
Avg. revenue growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.4%
Value creation/yr (3Y, in INR) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+72.3% (72.2 + 0.1)
Revenue +123.9%/yr
FY22 ₹6.8B
FY23 ₹33.4B
FY24 ₹64.8B
FY25 ₹66.3B
FY26 ₹171B
Net income +148.0%/yr
FY22 ₹974M
FY23 −₹2.9B
FY24 ₹12.4B
FY25 ₹14.5B
FY26 ₹36.8B

LLOYDSME screens 136% overvalued. Compare with Nucor Corporation →

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Cite: Fair Value Calculator (2026). "LLOYDS METALS AND ENERGY LTD. Fair Value". https://www.fairvalue-calculator.com/stock/LLOYDSME

Peer Group

Steel · 398 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Below median
Fair Value upside −58% · Bottom 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 39% · Top 25%
Revenue growth 406% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 1.00× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 27.3× · Pricier than median
P/B 7.47× · Pricier than 75% of peers
P/S (TTM) 6.05× · Pricier than 75% of peers
EV/EBITDA 18.6× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 12
FUTURE100 · sector 2
PAST100 · sector 16
HEALTH50 · sector 95
DIVIDEND1 · sector 49

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $250.50 $116.05 −54%
ArcelorMittal S.A MT €64.60 €46.04 −29%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 −14%
Steel Dynamics, Inc STLD $234.67 $127.14 −46%
500228 500228 ₹1,292 ₹1,079 −16%
Tata Steel Limited TATASTEEL ₹186.80 ₹145.39 −22%
Reliance, Inc RS $387.59 $217.81 −44%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
POSCO Holdings PKX $63.13 $85.21 +35%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 −61%

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Frequently asked questions

Is LLOYDS METALS AND ENERGY LTD. (LLOYDSME) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹771.10 versus a price of ₹1,823, about −58% upside (overvalued).
What is the fair value of LLOYDSME?
Our model-based fair value for LLOYDS METALS AND ENERGY LTD. is ₹771.10 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹1,823.
What is the quality score of LLOYDSME?
LLOYDS METALS AND ENERGY LTD. has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of LLOYDS METALS AND ENERGY LTD. (LLOYDSME)?
LLOYDS METALS AND ENERGY LTD. reported trailing-twelve-month revenue of about ₹171B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of LLOYDSME?
The net profit margin of LLOYDS METALS AND ENERGY LTD. is about 21.5%, meaning it keeps roughly 21.5% of revenue as net income. Based on the latest reported figures.
Does LLOYDS METALS AND ENERGY LTD. pay a dividend?
LLOYDS METALS AND ENERGY LTD. currently shows a dividend yield of about 0.05% relative to its recent price (as of Aug 22, 2026).
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