Risk factor
Meaningful price volatility
Profitability factor
Strong growth
About
Lloyds Engineering Works Limited, an India-based firm, specializes in providing comprehensive engineering products and services. Its capabilities span the entire lifecycle from design and engineering to manufacturing, fabrication, supply, erection, and commissioning a diverse range of equipment for mechanical, hydraulic, structural, process, metallurgical, and chemical plants. This includes specialized items such as marine and land-based loading/unloading arms, industrial columns, pressure vessels, dryers, boilers, and critical capital equipment for power and steel plant operations. Beyond product delivery, the company also undertakes complete turnkey and Engineering, Procurement, and Construction (EPC) projects. It serves a broad spectrum of heavy industries, including hydrocarbon, steel, nuclear, marine/defense, power generation, and port/jetty/refinery sectors. Established in 1974 and headquartered in Mumbai, India, the company was formerly known as Lloyds Steels Industries Limited, adopting its current name in July 2023.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB