Multibagger Penny Stock Below Rs 85 With Rs 1,365.86 Crore Order Book In Focus As Company Announces Stellar Quarterly Results (Q2FY25) & Half-Yearly Results (H1FY25)
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 40.24 per share, 1,370 per cent in 3 years and a whopping 18,000 per cent in 5 years.
On Monday, shares of Lloyds Engineering Works Ltd gained 5.57 per cent to Rs 83 per share from its previous closing of Rs 78.62 per share. The stock’s 52-week high is Rs 93.49 and its 52-week low is Rs 40.24.
Lloyds Engineering Works Ltd, established in 1974, designs, manufactures and commissions heavy equipment, machinery and systems for various sectors including hydrocarbon, oil & gas, steel, power, nuclear and marine. They offer a diverse range of products like pressure vessels, heat exchangers, steel mill equipment, and marine loading arms, catering to a broad clientele and operating out of four workshops in Thane, Mumbai. They are continuously expanding their capacity and hold various industry approvals.
According to Quarterly Results, the net sales increased by 74.21 per cent to Rs 212.15 crore, EBITDA increased by 48.45 per cent to Rs 37.59 crore and net profit increased by 48.75 per cent to Rs 27.95 crore in Q2FY25 over Q2FY24. In its half-yearly results, the net sales increased by 47.97 per cent to Rs 347.57 crore, EBITDA increased by 54.4 per cent to Rs 64.58 crore and net profit increased by 55.45 per cent to Rs 49.17 crore in H1FY25 over H1FY24.
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The company has a market cap of over Rs 9,000 crore and as of September 30, 2024, the order book stands at Rs 1,365.86 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 40.24 per share, 1,370 per cent in 3 years and a whopping 18,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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