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Lloyds Engineering Works Limited (LLOYDSENGG) Fair Value & Analysis

Industrials · IN · Market cap ₹119B

LE Lloyds Engineering Works Limited LLOYDSENGG · NSE
Price₹91.21
Fair Value₹21.53
Upside-76.4%
Quality40/100
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Expensive Growth
Solidly profitable · 14.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 54/100
Evidence: High Range ₹10.21 – ₹26.91 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 4 days ago

Share price +3.0% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹26.91). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (₹10.21 to ₹26.91). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (3 years)

₹96.88 ₹37.73 Fair Value ₹21.53 Oct 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

34‑month range ₹37.73 – ₹96.88 · fair‑value band ₹10.21 – ₹26.91 · the ₹91.21 price screens above the ₹21.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Lloyds Engineering Works Limited (LLOYDSENGG) currently trades at ₹91.21, while our model-based Fair Value estimate is ₹21.53, implying the stock looks roughly 76.4% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Lloyds Engineering Works Limited generated revenue of ₹13.0B at a net margin of 14.6%. Revenue grew 113.4% year over year. It earns a return on equity of 16.8%. The balance sheet holds a net cash position of ₹2.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹10.21 (bear case) to ₹26.91 (bull case); at ₹91.21, the current price sits above 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 1% below its 52-week high and 144% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at -76%, LLOYDSENGG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹3.95 to ₹67.00). Read the values as a conservative anchor, not as a price target.
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
Residual Income ₹11.31 ₹13.22 ₹28.46 76
ROIC Compounder ₹11.36 ₹13.33 ₹16.85 72
Gordon GGM ₹2.25 ₹4.69 ₹7.44 70
All 17 models by family
DCF Models
Owner Earnings ₹18.22 ₹37.80 ₹78.88 31
Earnings-Based
Graham-Dodd ₹9.61 ₹67.00 ₹94.02 54
Lynch FV ₹34.61 ₹49.45 ₹64.28 50
PEG = 1.0 ₹34.61 ₹49.45 ₹64.28 46
EPV ₹11.36 ₹12.78 ₹14.01 59
Dividend Discount
Gordon GGM ₹2.25 ₹4.69 ₹7.44 70
DDM Multi-Stage ₹2.25 ₹3.95 ₹4.92 61
Multiples
P/E Multiple ₹22.25 ₹29.67 ₹37.09 63
P/S Multiple ₹14.52 ₹19.36 ₹24.20 58
P/B Multiple ₹18.01 ₹24.02 ₹30.02 55
EV/EBIT ₹18.73 ₹24.01 ₹29.29 53
EV/EBITDA ₹16.61 ₹21.19 ₹25.76 54
EV/Revenue ₹14.19 ₹19.04 ₹23.89 43
Asset-Based
NCAV (Graham) ₹6.22 ₹8.33 ₹12.43 50
Economic Profit
Residual Income ₹11.31 ₹13.22 ₹28.46 76
ROIC Compounder ₹11.36 ₹13.33 ₹16.85 72
Growth Earnings
Growth-Adj P/E ₹45.27 ₹64.68 ₹84.08 68

Widest divergence: Growth Earnings (₹64.68) versus Dividend Discount (₹3.95). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹13.0B
Revenue growth (YoY) +113%
Net margin 14.6%
Return on equity 16.8%
Free cash flow −₹3.9B FY2026
P/E ratio 55.9 as of Jul 3, 2026
More key figures
Operating margin 11.0%
EPS (TTM) ₹1.49
EPS growth (YoY) +113%
Net cash ₹2.9B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 41 · Market factors (momentum, volatility) 71

Profitability 47
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 19
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.

About the company

Lloyds Engineering Works Limited provides engineering products and services in India. It designs, engineers, manufactures, fabricates, supplies, erects, installs, and commissions mechanical, hydraulic, structural, process plants, metallurgical, and chemical plants equipment, including marine loading/unloading arms, truck/wagon loading/unloading arms, …

Full company description

Lloyds Engineering Works Limited provides engineering products and services in India. It designs, engineers, manufactures, fabricates, supplies, erects, installs, and commissions mechanical, hydraulic, structural, process plants, metallurgical, and chemical plants equipment, including marine loading/unloading arms, truck/wagon loading/unloading arms, columns, pressure vessels, dryers, boilers, power plant, steel plant, and capital equipment. The company also executes turnkey; and engineering, procurement, and construction projects; and manufactures and sells elevators, motors, and submersible pumps. It serves hydrocarbon, steel, nuclear, marine, and power industries; port, jetty, and refineries; and oil and gas industries. The company was formerly known as Lloyds Steels Industries Limited and changed its name to Lloyds Engineering Works Limited in July 2023. Lloyds Engineering Works Limited was founded in 1974 and is headquartered in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Lloyds Engineering Works Limited reported revenue of ₹13.0B in FY2026 versus ₹494M in FY2022, a compound +126.5%/yr. Reported net income was ₹1.9B in FY2026, compounding +137.7%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹13.0B
Latest YoY
+53.8%
Avg. 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.
+60.9%
Avg. 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.
+79.4%
Avg. growth/yr (11Y) 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.
+8.9%
Revenue +126.5%/yr
FY22 ₹494M
FY23 ₹3.1B
FY24 ₹6.2B
FY25 ₹8.5B
FY26 ₹13.0B
Net income +137.7%/yr
FY22 ₹59.5M
FY23 ₹368M
FY24 ₹798M
FY25 ₹1.0B
FY26 ₹1.9B

LLOYDSENGG screens 76% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Lloyds Engineering Works Limited Fair Value". https://www.fairvalue-calculator.com/stock/LLOYDSENGG

Peer Group

Specialty Industrial Machinery · 805 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 40 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth 113% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 55.9× · Pricier than 75% of peers
P/B 7.10× · Pricier than 75% of peers
P/S (TTM) 9.12× · Pricier than 75% of peers
EV/EBITDA 60.7× · Pricier than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 100 · sector 22
PAST 67 · sector 28
HEALTH 100 · sector 95
DIVIDEND 6 · sector 27

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €899.80 €186.93 -79%
1SIE 1SIE €281.75 €91.93 -67%
SMNS SMNS C$31.76 C$22.75 -28%
Atlas Copco AB ATCOA kr 210.00 kr 112.59 -46%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

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Frequently asked questions

Is Lloyds Engineering Works Limited (LLOYDSENGG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹21.53 versus a price of ₹91.21, about −76% (overvalued).
What is the fair value of LLOYDSENGG?
Our model-based fair value for Lloyds Engineering Works Limited is ₹21.53 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹91.21.
What is the quality score of LLOYDSENGG?
Lloyds Engineering Works Limited has a Quality Score of 40/100. 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 Engineering Works Limited (LLOYDSENGG)?
Lloyds Engineering Works Limited reported trailing-twelve-month revenue of about ₹13.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of LLOYDSENGG?
The net profit margin of Lloyds Engineering Works Limited is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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