Multibagger alert: From Rs 45 to Rs 133, this manufacturing company appreciated 195.56 per cent in a year!
Lloyds Metal and Energy Ltd, has delivered exceptional returns to its investors in one year!
Lloyds Metals & Energy, a Group T stock, is in the business of manufacturing Sponge Iron, Power generation, and mining activities. The company is having manufacturing facilities for fabricating S S Patta with a capacity of 1,800 tpa and 10,000 tpa for fabrication of equipment etc.
LMEL is operating a 2,70,000 TPA capacity sponge iron Plant. It has taken the technology from Orissa Sponge Iron (OSIL) and installed its plant at Ghugus near Chandrapur. The main types of equipment kiln, cooler, and other major structures were designed and supplied by Lloyds Steel Engineering Division, Murbad. Lloyds Steel Engineering Division has full infrastructure facilities to fabricate kilns and heavy equipment and structures.
On a consolidated basis, the company reported robust results. The net sales were Rs 333.21 crore in March 2022, an increase of 249.85% from Rs. 95.24 crore in March 2021. The net profit stood at Rs 123.39 crore in March 2022, a surge of 2206.7% from Rs 5.35 crore in March 2021. The EBITDA was at Rs 122.54 crore in March 2022, an exceptional rally of 735.88% from Rs. 14.66 crore in March 2021.
The stock has a 52-week high of Rs 232 and a 52-week low of Rs 39.85 on BSE.