Lloyd Steel is a small cap company that provides engineering services and products for various sectors such as oil and gas, hydrocarbon, steel, nuclear, power and turnkey projects. The company was established in 1974 and has its headquarters in Mumbai. The company has collaboration agreements with FMC Technologies SA, France and L3 Calzoni, Italy for marine loading or unloading arms and stabilizer fins and steering gear for Indian Navy and Indian Coast Guard ships.
Lloyd Steel has been showing consistent growth in its revenue and profit in the past few years. In FY 2021, the company reported a revenue of Rs 70.05 crore and a profit of Rs 0.5 crore. In FY 2022, the company reported a revenue of Rs 50.1 crore and a profit of Rs 5.95 crore. The company has also improved its margins and reduced its debt significantly. The company has a P/E ratio of 61.65 and an ROE of 4.78% as of December 2022.
Lloyd Steel is expected to benefit from the increasing demand for engineering products and services in the domestic and international markets. The company has a strong order book of Rs 300 crore as of September 2022. The company is also exploring new opportunities in the defence, aerospace and renewable energy sectors. The company has a vision to become a global leader in engineering solutions by 2030.
Based on the current trends and future prospects, Lloyd Steel share price target 2030 can be estimated as follows:
- The first target price of Lloyd Steel share for 2030 is Rs 100. This is based on a conservative assumption of a CAGR of 15% in revenue and profit for the next eight years.
- The second target price of Lloyd Steel share for 2030 is Rs 130. This is based on an optimistic assumption of a CAGR of 20% in revenue and profit for the next eight years.
These target prices imply a potential upside of 400% to 520% from the current price of Rs 20 as of December 2022. However, these are only indicative estimates and not investment advice. Investors should do their own research and analysis before investing in any stock.
Lloyd Steel share price target 2030 suggests that the company has the potential to become a multibagger stock in the long term. The company has a strong track record, a diversified portfolio, a robust order book and a clear vision for growth. The company also operates in high-growth sectors that offer ample opportunities for expansion and innovation. However, investors should also be aware of the risks and challenges that may affect the performance of the company such as competition, regulation, technology disruption and market volatility.
Disclaimer: This blog post is for informational purposes only and does not constitute any financial or investment advice. Please consult your financial advisor before making any investment decision.