Lloyds Metals & Energy Share Price Target 2026 to 2030

Lloyds Metals & Energy Share Price Target 2026 to 2030

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Lloyds Metals and Energy Limited is a leading Indian manufacturer of ferro alloys, specializing in Ferro Manganese and Silico Manganese—critical inputs for the steel industry. Headquartered in Mumbai, the company operates integrated plants in Chhattisgarh with captive power and mining assets, giving it a cost advantage in a commodity-linked business. With exceptional return ratios (ROE: 35.7%, ROCE: 38.6%) and consistent profitability, Lloyds Metals has emerged as a high-efficiency player in the metals space. This article provides a fact-based outlook on its share price target for each year from 2026 through 2030.


Lloyds Metals: Company Overview

  • Core Business: Production of Ferro Manganese (FeMn) and Silico Manganese (SiMn) used in steelmaking
  • Vertical Integration: Owns captive manganese mines, coal blocks, and power plants—reducing input cost volatility
  • Capacity: Among India’s top producers with an annual capacity exceeding 300,000 MT of ferro alloys
  • Customers: Supplies to major domestic steelmakers like Tata Steel, JSW Steel, and SAIL
  • Geographic Focus: Primarily India; limited export exposure
  • Ownership: Promoter-controlled with 63.73% stake, though 14.42% of promoter shares are pledged as of December 2025
  • Business Model: Asset-heavy, cyclical, but highly cash-generative during upturns

Lloyds Metals: Key Financial Snapshot

MetricValue
Market Capitalization₹68,591.40 Cr
Current Share Price₹1,258 (as of Feb 2026)
P/E (TTM)29.42
P/B (TTM)6.74
Book Value (TTM)₹186.70
EPS (TTM)₹42.76
ROE35.68%
ROCE38.64%
Dividend Yield0.08%
Sales Growth (TTM)3.02%
Profit Growth (TTM)16.72%
Cash Reserves₹738.56 Cr
Debt₹746.18 Cr
Face Value₹1

Lloyds Metals Share Price Target Forecast (2026–2030)

YearTarget Price Range (₹)
2026₹1,320 – ₹1,520
2027₹1,450 – ₹1,700
2028₹1,600 – ₹1,900
2029₹1,750 – ₹2,150
2030₹1,900 – ₹2,400

Targets assume stable steel demand, sustained high ROCE, and no major commodity price shocks.


Lloyds Metals Share Price Target 2026

YearShare Price Target 1Share Price Target 2
2026₹1,320₹1,520
  • Strong ROCE (38.6%) justifies premium valuation vs peers
  • Near-zero net debt (₹746 Cr debt vs ₹739 Cr cash) supports financial flexibility
  • Risk: Promoter pledging (14.42%) raises governance concerns

Lloyds Metals Share Price Target 2027

YearShare Price Target 1Share Price Target 2
2027₹1,450₹1,700
  • Potential re-rating if the steel cycle turns favorable and volume growth resumes
  • Captive mining and power provide margin resilience during input cost spikes
  • Low dividend payout limits income appeal

Lloyds Metals Share Price Target 2028

YearShare Price Target 1Share Price Target 2
2028₹1,600₹1,900
  • By 2028, the cumulative effect of asset utilization and pricing power could drive earnings
  • Valuation may stabilize if P/B moderates from the current 6.7x
  • Execution risk: Commodity cycles can reverse quickly

Lloyds Metals Share Price Target 2029

YearShare Price Target 1Share Price Target 2
2029₹1,750₹2,150
  • Long-term tailwinds from India’s infrastructure and steel consumption growth
  • However, business remains cyclical—dependent on steel output and global Mn prices
  • High ROE sustainability is key to maintaining a premium valuation

Lloyds Metals Share Price Target 2030

YearShare Price Target 1Share Price Target 2
2030₹1,900₹2,400
  • If India’s steel production grows to 200+ MT by 2030, Lloyds stands to benefit as a key supplier
  • ₹2,400 represents an optimistic scenario requiring both volume growth and margin expansion
  • Targets beyond ₹2,500 lack visibility, giventhe current scale and cyclicality

Lloyds Metals: Shareholding Pattern

CategoryHolding (%)
Promoters63.73%
Public (Retail)32.52%
Foreign Institutions (FII)1.89%
Domestic Institutions (DII)1.85%
Others0%

Note: As of December 2025, 14.42% of promoter shares are pledged, which investors should monitor closely.


Lloyds Metals: Strengths vs Risks

Strengths

  • Exceptional ROCE (38.64%) and ROE (35.68%)—among the highest in Indian metals
  • Near-zero net debt (cash almost equals debt)
  • Captive mines and power reduce input cost risk
  • Consistent profitability even in moderate commodity environments

Risks

  • Promoter pledging (14.42%) raises red flags on financial stress or leverage at the holding level
  • Very low dividend yield (0.08%) offers no income cushion
  • Cyclical business: Tied to steel demand and global ferro alloy prices
  • Minimal institutional ownership (FII + DII < 4%) limits liquidity support

Investment Suitability

FactorAssessment
Risk ProfileHigh (cyclical, promoter pledging)
Time HorizonMedium to Long-term (3–5 years)
VolatilityHigh
Dividend/IncomeNegligible (0.08% yield)
Ideal InvestorAggressive investor comfortable with commodity cycles and promoter risk, seeking high-return potential

FAQs

A realistic range is ₹1,320 to ₹1,520, based on current ROCE strength and near-zero net debt.
Credible estimates suggest ₹1,900 to ₹2,400 by 2030, assuming stable steel demand and sustained margins.
Reliable forecasts beyond 2030 are not possible. Such long-term projections are speculative and not based on verifiable data.
Promoters hold 63.73% of the company. The group is led by the Bajaj family, with significant operational control.
Technically yes, but minimally. The current dividend yield is just 0.08%, reflecting reinvestment focus.
The stock corrected due to concerns over promoter pledging (14.42%), low sales growth (3%), and broader metals sector volatility.
No. It has ₹746.18 crore in debt, but also ₹738.56 crore in cash, making it nearly net debt-free.

Final Verdict

Lloyds Metals is a high-return, capital-efficient player in India’s ferro alloy space. Its integrated model and exceptional ROCE make it stand out, but promoter pledging and cyclicality introduce significant risk. Our 2026–2030 price targets (₹1,320–₹2,400) reflect upside potential balanced against governance and commodity risks. Suitable only for investors with high risk tolerance who understand metal cycles and can monitor pledging trends closely.

Disclaimer: This article is for educational purposes only. It is not investment advice. Please consult a SEBI-registered advisor before making any investment decision.


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