Multibagger screener: This BSE500 stock turned Rs 10,000 to Rs 4 lakh in just 10 years
Lloyds Metals and Energy have offered massive returns to investors in the last 10 years, rising as much as 4400% over the decade.
Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to Rs 4.4 lakh, according to an analysis by ET Markets.
In the last 3 years, the stock has surged 5100% and gave returns of 1,860% in the last five years.
Lloyds Metals and Energy, a BSE500 company with a market capitalization of about Rs 28,944 crore, manufactures sponge iron. The company also operates a cogeneration waste heat recovery plant to recover heat from its kilns.
It has an EPS of 20.70 on a trailing twelve month (TTM) basis and the stock is currently trading at a PB of 18.93.
According to the latest shareholding pattern available with the exchanges, promoters own a majority of the stake at 65.75%, while the rest of 34.25% lies with public shareholders.
Among the public shareholders, mutual funds and foreign investors have no stake, while retail investors have a combined holding of 5.68% in the company.
Lloyds Metal has presently undertaken fresh geological surveys for iron ore reserves.
Initial reports by Tata Steel Industrial Consulting indicate that the 90 mt of reserves initially estimated are far more significant and would be in the range of 180 mmt with an additional 550 mmt of BHQ (Banded Hematite Quartz).
For the first quarter ended June, Lloyds total revenues more than doubled YoY to Rs 1,965 crore as compared to Rs 843 crore in Q1FY23. PAT stood at Rs 403 crore.
Technical outlook — What should traders do?
Analysts say the stock is currently outperforming the benchmark indices and investors looking for gains can buy the stock.
«The momentum
