Lloyds Metals & Energy Ltd
About
Lloyds Metals & Energy Ltd. (Lloyds) was incorporated in 1977 as a steel manufacturing company and is now one of Maharashtra’s largest coal-based Direct Reduced Iron (DRI) manufacturers. The company was originally promoted by Mukesh Gupta, B.L. Agarwal, and Rajesh Gupta, with Rajesh Gupta serving as the CEO. Lloyds has a strategic partnership with Thriveni Earth Movers Pvt Ltd, India’s largest Mining Development Operator (MDO), to strengthen its mining operations.Headquartered in Anjar, Gujarat, Lloyds operates a 270,000 TPA DRI manufacturing facility in Ghugus Village, Chandrapur district, alongside a 30 MW captive power plant. The company is fully integrated across the steel value chain, from iron ore mining to DRI production, with plans for forward integration into steel manufacturing. After facing operational challenges due to regional instability, Lloyds successfully recommenced full-capacity mining operations in FY22 through its partnership with Thriveni Earth Movers.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6594 92.2% | 3431 335.6% | 788 173.7% | 288 -29.3% | 407 -20.4% | 511 17.7% | 434 11.2% | 391 -7.0% | 420 -35.8% | 654 9.8% | 595 -23.4% | 777 -24.3% | 1027 43.4% | 716 23.9% | 578 -15.8% | 687 - |
| Net Operating Income (INR Cr) | 6522 92.25% | 3392 386.35% | 698 175.25% | 253 -31.83% | 372 0.00% | 477 18.54% | 403 9.13% | 369 -3.24% | 381 -40.44% | 640 12.01% | 572 -24.91% | 761 -24.39% | 1007 45.90% | 690 21.52% | 568 -16.63% | 681 106.61% |
| Profit (INR Cr) | 1243 - | -289 - | 97 - | 0 -99.6% | 32 54.3% | 21 21.1% | 17 205.8% | 6 673.6% | 1 - | -21 - | -42 - | 2 -48.5% | 4 -80.0% | 19 4.1% | 18 -37.2% | 28 - |
| Assets (INR Cr) | 2869 84.4% | 1556 109.0% | 744 19.1% | 625 13.7% | 550 7.6% | 511 6.1% | 481 12.3% | 429 8.7% | 394 9.4% | 361 35.4% | 266 72.7% | 154 -2.4% | 158 -1.0% | 160 9.3% | 146 -1.6% | 148 - |
| Net Worth (INR Cr) | 2811 83.8% | 1529 217.5% | 482 164.4% | 182 26.1% | 144 0.0% | 108 28.2% | 84 24.9% | 68 9.1% | 62 1.2% | 61 -25.7% | 82 -34.0% | 125 1.6% | 123 3.1% | 119 18.5% | 101 21.6% | 83 4722.9% |
| Employee Cost (INR Cr) | 114 112.6% | 54 202.6% | 18 26.0% | 14 -36.3% | 22 4.6% | 21 36.5% | 15 0.7% | 15 16.5% | 13 -15.1% | 16 4.0% | 15 0.1% | 15 4.6% | 14 47.5% | 10 42.4% | 7 -40.6% | 11 - |
| Interest Cost (INR Cr) | 6 | 65 | 18 | 17 | 16 | 11 | 10 | 10 | 10 | 6 | 7 | 9 | 15 | 7 | 9 | 8 |
| Cash & Bank Balance (INR Cr) | 287 | 265 | 22 | 8 | 19 | 8 | 7 | 8 | 7 | 10 | 10 | 8 | 12 | 8 | 5 | 8 |
| Total Debt (INR Cr) | 33 | 4 | 96 | 155 | 124 | 93 | 30 | 26 | 12 | 23 | 21 | 26 | 32 | 38 | 45 | 66 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.9% | - | 12.4% | 0.1% | 7.8% | 4.0% | 3.9% | 1.4% | 0.2% | - | - | 0.3% | 0.4% | 2.6% | 3.1% | 4.2% |
| Profit As % Of Assets | 43.3% | - | 13.1% | 0.0% | 5.8% | 4.0% | 3.5% | 1.3% | 0.2% | - | - | 1.2% | 2.4% | 11.7% | 12.2% | 19.2% |
| Profit As % Of Networth | 44.2% | - | 20.2% | 0.1% | 22.0% | 19.1% | 20.2% | 8.2% | 1.2% | - | - | 1.5% | 3.0% | 15.6% | 17.8% | 34.4% |
| Interest Cost to EBITDA % | 0.3% | - | 19.3% | 154.6% | 76.2% | 69.1% | 63.3% | 68.7% | 139.4% | - | - | 41.1% | 54.4% | 33.1% | 27.0% | 15.5% |
| Debt to Equity Ratio | 0.01 | 0.00 | 0.20 | 0.85 | 0.86 | 0.85 | 0.35 | 0.38 | 0.20 | 0.38 | 0.26 | 0.21 | 0.26 | 0.32 | 0.45 | 0.79 |
| RONW | 57.3% | - | 44.8% | 0.1% | 22.0% | 19.8% | 17.0% | 5.6% | 8.6% | - | - | 1.6% | 3.1% | 10.9% | 17.8% | 20.7% |
| ROCE | 78.3% | 0.0% | 23.0% | 2.9% | 5.3% | 6.3% | 5.7% | 3.5% | 4.2% | 0.0% | 0.0% | 6.7% | 11.8% | 12.7% | 17.5% | 15.4% |