Lloyds Steels has been one of the fastest-growing stocks in the last few months. In the last few months or starting of the year 2023, the stock is given up to 230% return. the major rally of the stock was in the last month (July 2023). The stock has attracted a large number of investors just by giving massive returns. Let’s find out Lloyds Steels’ share price target for 2024, 2025, and 2026.
Lloyds Steel’s stock is a low-cap penny stock and as we know investing in the penny stock may cause a huge loss of investments. As they are very volatile and liquidity in penny stocks is very low.
The stock is trading near its all-time high and investing in the stock at an all-time high can be a bad decision unit you know the targets. Knowing targets is nearly impossible without any price action.
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About Lloyds Steels
Lloyds Steels changed its name to Lloyds Engineering Works Limited. A lot of people were facing problems while finding the stock. As many brokers and screens the name is not changed yet. Ex. Trading View, hope it will be changed very soon.
Lloyds Steels (Lloyds Engineering Works) Limited was founded in 1994. It is an India-based company that is involved in many businesses like it designs and manufacturing systems, equipment, etc. for many sectors like oil, gas, steel plants, nuclear power plants, and many more.
As of now, they are involved in two projects 30 MV power plants and a pellet plant. You check more information in detail about their projects on their official website.
Company Fundamental
There is always risk in investing in stocks and other assets. The risk can not be limited it can be decreased drastically by inventing only those stocks that are fundamentally strong and growing.
Most investors do not check company fundamental data while investing in stocks and this mistake is a reason for major losses in the stock market. Fundamental data of any company is now easily available on many websites even though we also shared the fundamental data of the company below.
In case you don’t know how to read a company’s fundamental data to know which company is best in a particular industry. From the below video, you can learn a lot about reading and understanding the company’s fundamental data.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 07 Feb 2024.
Profit Growth (Last 5 Years)
| Year | Profits (In Crore) |
|---|---|
| March 2019 | ₹2.88 |
| March 2020 | ₹2.49 |
| March 2021 | ₹0.50 |
| March 2022 | ₹5.95 |
| March 2023 | ₹36.82 |
Quarterly Results (Profits)
| Quarter | Profits (In Crore) |
|---|---|
| Dec 2022 | ₹13 |
| Mar 2023 | ₹6 |
| Jun 2023 | ₹13 |
| Sep 2023 | ₹19 |
| Dec 2023 | ₹27 |
Company Essentials
| Market Cap | ₹6,048Cr | ROE | 19.41% |
| P/E Ratio (TTM) | 92.88 | EPS (TTM) | 0.57 |
| P/B Ratio | 16.79 | Div Yield | 0.16% |
| Industry P/E | 48.57 | Book Value | 3.15 |
| Debt to Equity | 0.08 | Face Value | 1 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 1.03% |
| DII | 0.09% |
| Public | 39.1% |
| Promoters | 59.78% |
| Other Holders | 0.0% |
Key Points
- In the last 3 years, Lloyds Engineering Works Limited has shown good revenue and profit growth.
- On, the company there is a DEBT of Rs. 46.40 Crore and the company has cash of Rs. 8.07 Crore.
- Promoters decreased their holdings by approx. -2.43%.
- In the year 2023, the compnay got approx 313 sales.
Quarterly Results
In the Sep 2023 Quarter, the compnay made a net profit of Rs. 19 Crore which is higher than its profits of previous quarters.
Thumb Rules for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in one sector, if the sector faces any issue then you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Lloyds Steels Share Price Target
According to the fundamentals in Lloyds Steels stock, there are some positive points like revenue growth is positive, profit growth is negative, etc. There are also many major issues in the stock’s fundaments like negative cash flow, high PE, etc. Check it fundamental to know all the negative and positive points.
According to the current fundament status of Lloyds Steels stock, it is not recommended for investors who want to invest in only the same and fundamentally strong stocks. So, plan your investment according to proper research.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
Lloyds Steels share price target 2024
Lloyds has given a massive return in the last 1 year and these types of returns were also expected from the stocks and other good penny stocks. During a volatile market, most of the penny stocks fall badly but this stock is going upside.
According to the analysts there can be a fall in the stock market by 10% to 15% by the end of 2024. It is because as of now, no major profit booking is seen any any sector.
Lloyds Steels share price target 2025 and 2026
Investing in penny stocks is full of risk and can lose a lot of money in just a few days if you don’t have proper knowledge of money management in the stock market.
From the start of the year 2023, almost every penny stock has given returns like 100% to 500% return also. Once the bull run market is over, most probably you can face a huge loss due to the profit booking in it.
If you want to invest in penny stocks then make sure you have good knowledge of it. But if you are a safe investor then stay away from these types of stocks.
FAQs
Lloyds Steels is a fundamentally weak penny stock. So, it is not a good idea to invest in the penny stock. If you think the stock is good then do proper research about the stock and its competitor and plan your investment.
According to the current chart and analysis, the stock looks positive for long-term buying. However, it can be very volatile because it is a low-cap penny stock.
2050 is a very long time from now. In this period anything can happen which depends on the company’s business model and their hard work. In short, the company can go very high or go down too.
Final Words: The stock looks very good for long-term investments and there is a very high chance that it will perform well in the future. We shared Lloyds Steel’s share price target for 2024, 2025, and 2026. Do your analysis before investing keep the stock on your radar and keep tracing all the news related to the stock.