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Iron ore & steel Historical case study · data as of 16 Jul 2026 · published 19 Oct 2026 (95 days later)

Lloyds Metals And Energy — 100-point case study

How Lloyds Metals And Energy looked on 50 technical and 50 fundamental measures on 16 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: LLOYDSME · BSE: 512455
Close on 16 Jul 2026	₹1,843.50
Market cap then	₹1,03,781 crore
Valuation	P/E 27.1× · P/B 7.48×
Momentum	RSI (14) 60 · 1-year return +23.9%
Next 3 months	+0.4% vs Nifty 50 -3.8% (to 16 Oct 2026)

Scorecard

Technical — 50 points

28 bullish · 19 neutral · 2 caution · 0 bearish — the picture leaned positive.

Fundamental — 50 points

12 bullish · 29 neutral · 4 caution · 4 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Technical analysis — 50 points

Calculated by code from daily prices up to 16 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.21%/day	Bullish	Over the last 20 sessions the regression line of closing prices was rising about 0.21% a day — a short-term uptrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +21.9%	Bullish	The 100-session trend line was up (+0.49%/day) and the stock was +21.9% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return +23.9%	Bullish	Compared with a year earlier the price was +23.9%. A strong positive year. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 1,772.16 / 30W 1,484.81	Bullish	On the weekly chart the stock showed a weekly close above a rising 10-week and 30-week average stack. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 1,888.60→1,848.00; lows 1,691.20→1,708.90	Neutral	The two most recent swing points showed a lower high but a higher low — mixed structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	20.7	Bullish	ADX at 20.7 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 24.4 / –DI 12.0	Bullish	+DI was above –DI: upward price pressure outweighed downward pressure. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	1,782.79 (+3.4%)	Bullish	Close of 1,843.50 was 3.4% above the 20-day SMA — the short-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	1,763.98 (+4.5%)	Bullish	Close of 1,843.50 was 4.5% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	1,420.83 (+29.7%)	Bullish	Close of 1,843.50 was 29.7% above the 200-day SMA — the long-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 1,811.95 / 21E 1,788.37	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 10 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	last golden cross 28 Apr 2026	Bullish	The 50-day average was 24.2% above the 200-day. The most recent signal was a golden cross on 28 Apr 2026. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+3.7% in 20 sessions	Bullish	The 50-day average rose 3.7% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	1,783 / 1,764 / 1,572 / 1,421	Bullish	The 20/50/100/200-day averages were perfectly stacked bullish (20 > 50 > 100 > 200). Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	1,802.01 (+2.3%)	Bullish	Anchored to the start of July, the volume-weighted average price was 1,802.01; the close was above it — buyers that month were on average in profit. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	59.9	Bullish	RSI at 59.9 showed positive momentum without being overbought. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	bearish divergence	Caution	Comparing the last 20 sessions with the 20 before: bearish divergence: price made a higher high but RSI made a lower high. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 22.67 / signal 15.31	Bullish	MACD was above its signal line — momentum turning or staying positive. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-2.93 → 7.36	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	22.67	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 86.8 / %D 85.5	Caution	Slow stochastic at 86.8 was in overbought territory (>80). Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-20.4	Neutral	%R of -20.4 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	137	Bullish	CCI at 137 signalled an unusually strong upward deviation (>+100). Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	+1.7%	Neutral	Price changed +1.7% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.86 (bands 1,697.30–1,868.27)	Neutral	%B of 0.86 — inside the bands, upper half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 9.6% (15th pct of 6M)	Neutral	Band width was at the 15th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹57.62 (3.1% of price)	Neutral	A typical day's range was about ₹57.62, or 3.1% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	31.4% vs 1Y 35.9%	Neutral	Annualised 30-day volatility was 31.4%, close to the one-year level of 35.9%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	1,673.47–1,906.15	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.38	Neutral	A beta of 1.38 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.96× / 5-day 1.08×	Neutral	The final session traded 0.96× its 20-day average volume and the last five sessions averaged 1.08× — normal participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 1.10	Neutral	Average volume on up days was 1.10× that on down days — balanced. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price rose — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.08	Bullish	CMF at +0.08 indicated net inflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	71.8	Bullish	MFI, a volume-weighted RSI, was 71.8. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹88 cr/day	Neutral	About ₹88 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	1,691.57 / 1,636.10 / 1,461.50	Neutral	Nearest support (prior swing lows) sat at 1,691.57, 9.0% below the close, then 1,636.10, 1,461.50. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	1,847.00 / 1,888.60	Neutral	Nearest resistance (prior swing highs) sat at 1,847.00, 0.2% above the close, then 1,888.60. How to read: Information only.
40	Monthly pivot points (for next month)	P 1,810.10 \| R1 1,911.30 \| S1 1,742.30	Neutral	Classic pivots from July's high/low/close gave a pivot of 1,810.10; the close was above it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 1,689 \| 38.2% 1,566 \| 50.0% 1,466 \| 61.8% 1,366	Neutral	Measuring the 6-month rise from 1,042.90 to 1,888.60, the close was nearest the 23.6% retracement at 1,689.01. How to read: Information only.
42	52-week high / low	H 1,888.60 / L 1,042.90	Bullish	The close was 2.4% below the 52-week high and 76.8% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	1 open; latest gap-up 03 Feb at 1,107.00	Neutral	There was 1 unfilled gap(s). The latest, a gap-up on 03 Feb 2026, left an open level at 1,107.00 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	rising channel	Bullish	Rule-based pattern scan: rising channel — successive higher highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 1,691.20–1,875.00	Neutral	The close was inside the prior 20-day range of 1,691.20–1,875.00. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary red candle	Neutral	On 16 Jul the candle opened 1,877.90, ranged 1,812.60–1,877.90 and closed 1,843.50: Ordinary red candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 1,537.50–1,778.32; Tenkan 1,793.40 / Kijun 1,773.95	Bullish	Price was above the cloud and the Tenkan line was above the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +4.1% / 3M +22.6%	Bullish	The stock outperformed the Nifty 50 by 22.6 points over three months and outperformed by 4.1 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +45.7%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 45.7 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	28 bullish · 0 bearish · 19 neutral · 2 caution	Bullish	Across the 49 readings the technical picture leaned positive. Levels that mattered: support 1,691.57, resistance 1,847.00. This is a description of the chart on 16 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 16 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 16 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	27.1×	Neutral	At ₹1,843.50 the market valued the company at about ₹1,03,781 crore, or 27.1× the ₹3,829 crore profit of the four quarters to Mar 2026. That is a moderate multiple. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	7.48×	Neutral	Market cap was 7.48× the Mar 2026 book value (equity + reserves) of ₹13,871 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	6.06×	Neutral	The company was valued at 6.06× its trailing-12-month sales of ₹17,113 crore. How to read: Information only.
4	EV / EBITDA (approx.)	20.3×	Neutral	Enterprise value (market cap + ₹20,716 cr borrowings; cash not netted) was 20.3× trailing operating profit of ₹6,138 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	3.7%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹3.7 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	n/m	Neutral	PEG is not meaningful because 3-year profit growth was not available. Note: revenue jumped more than 40% in Mar 2023, Mar 2024, Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.05%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹1 a share, a 0.05% yield on the ₹1,843.50 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹1,03,781 cr	Neutral	At about ₹1.04 lakh crore the company was a large-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹614.06 vs ₹1,843.50	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹614.06; the price was 200% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+154.6%	Bullish	Revenue for FY26 was ₹17,113 crore, +154.6% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+404.6%	Bullish	The Jan–Mar 2026 quarter brought ₹6,020 crore of revenue, +404.6% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+163.2%	Bullish	FY26 net profit was ₹3,829 crore, +163.2% on FY25's ₹1,455 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+657.4%	Bullish	Quarterly profit was ₹1,530 crore versus ₹202 crore a year earlier (+657.4%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	72.2%	Caution	Revenue compounded at 72.2% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2023, Mar 2024, Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	n/a	Neutral	Not available. Note: revenue jumped more than 40% in Mar 2023, Mar 2024, Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	132.7%	Caution	Over five years (FY21–FY26) revenue compounded at 132.7% a year. Note: revenue jumped more than 40% in Mar 2023, Mar 2024, Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+135.2%	Bullish	Reported EPS went from ₹27.81 to ₹65.40 (+135.2%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	36%	Neutral	Operating profit (EBITDA) was 36% of sales in FY26 versus 29% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	33% → 29% → 35% → 42%	Bullish	Quarterly margins moved from 33% to 42% over the last four quarters — expanding. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	22.4%	Neutral	₹22.4 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	37.7%	Bullish	FY26 profit was 37.7% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	27%	Bullish	Return on capital employed (debt + equity) was 27% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	9.19%	Neutral	Net profit was 9.19% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	27%	Neutral	The company paid about 27% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	3%	Neutral	Non-operating 'other income' of ₹149 crore made up 3% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	1.49	Bearish	Borrowings of ₹20,716 crore were 1.49× equity — high leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	3.34×	Bearish	Debt equalled 3.34 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	11.3×	Bullish	Earnings before interest and tax covered interest cost 11.3 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+114.7%	Bullish	Shareholders' equity grew +114.7% from ₹6,460 crore to ₹13,871 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹13,946 cr (106% of fixed assets)	Neutral	Projects under construction (CWIP) were 106% of fixed assets — a big expansion pipeline not yet earning. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	-108 days	Neutral	Working capital tied up equalled -108 days of sales (FY25: -1). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	31 days	Neutral	It took 31 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	32 (FY25 9)	Caution	Customers took 32 days on average to pay, versus 9 a year earlier — a notable stretch in collections. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹2,921 cr	Bullish	The business generated ₹2,921 crore of operating cash in FY26 versus ₹1,207 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	0.76×	Neutral	Operating cash flow was 0.76× reported profit — reasonable cash backing. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	2%	Neutral	The company paid out about 2% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	4% / 4% / 2%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+7.7%	Caution	Paid-up equity capital changed +7.7% (₹52 cr → ₹56 cr). A fall indicates a buyback; a rise indicates new shares were issued. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	61.65% (-1.79 pts YoY)	Bearish	Promoters owned 61.65% at Mar 2026 versus 63.44% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	2.26% (+0.16 pts YoY)	Neutral	FIIs held 2.26% at Mar 2026, up from 2.10% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	1.71% (-0.22 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 1.71%, down from 1.93%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	1.2 lakh (-0.9% YoY)	Neutral	The shareholder count moved from 1.2 lakh to 1.2 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	3/8	Bearish	Passed: positive profit, positive operating cash flow, operating margin improved. Failed: CFO > net profit, leverage fell, ROA improved, asset turnover improved, no meaningful dilution (<3%). Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	3 strength(s) · 3 weakness(es)	Neutral	Strengths: Company is expected to give good quarter; Company has delivered good profit growth of 679% CAGR over last 5 years; Company has a good return on equity (ROE) track record: 3 Years ROE 37.7%. Weaknesses: Stock is trading at 7.51 times its book value; Company might be capitalizing the interest cost; Promoter holding has decreased over last 3 years: -4.14%. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	12 bullish · 4 bearish · 29 neutral · 4 caution	Bullish	On the numbers published by 16 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 27.1×, P/B 7.48×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 16 Apr 2026 – 16 Jul 2026 that an investor could have known on the snapshot date.

05 May 2026 Lloyds Metals board approves FY26 audited results; Q4 consolidated PAT Rs 1,530 crore vs Rs 202 crore — Board approved audited Q4/FY26 results on 5 May 2026. Q4 FY26 consolidated income from operations Rs 6,030.93 cr (Q4 FY25: Rs 1,212.56 cr), PAT Rs 1,530.10 cr (Rs 201.88 cr). FY26 consolidated income Rs 17,306.40 cr and PAT Rs 3,828.64 cr vs Rs 1,455.24 cr in FY25; board also recommended Rs 1 final dividend and approved NCD fundraising limits. source
25 May 2026 Lloyds Metals schedules 49th AGM for June 19, fixes June 12 record date for Rs 1 final dividend — Company announced its 49th AGM on 19 June 2026 by video conference, with record date 12 June 2026 for the Rs 1 per share final dividend for FY26 and book closure 13-19 June. source
19 Jun 2026 Lloyds Metals shareholders approve all 22 resolutions at 49th AGM — At the AGM held 19 June 2026 shareholders approved FY26 accounts, the dividend, director reappointments, appointment of Balasubramanian Prabhakaran as MD, borrowing limits and material related-party transactions. source
01 Jul 2026 Lloyds Metals Q1 FY27 iron ore output rises 53% YoY to record 6.05 MT — Operational update: Q1 FY27 iron ore production 6.05 million tonnes (+53% YoY), DRI 182,460 t (+131% YoY), pellets 1.69 MT, copper 2,754 t; company on track for 26 MT FY27 iron ore target. source

What happened next (16 Jul 2026 → 16 Oct 2026)

Price went from ₹1,843.50 to ₹1,851.70 by 16 Oct 2026 (+0.4%) while the Nifty 50 moved -3.8% — outperforming by 4.3 points.
Highest ₹2,125.00 on 10 Aug 2026; lowest ₹1,741.00 on 15 Sep 2026.
S1 1,691.57: held on a closing basis.
S2 1,636.10: held on a closing basis.
R1 1,847.00: cleared on a closing basis on 17 Jul 2026.
R2 1,888.60: cleared on a closing basis on 20 Jul 2026.
200-day SMA: price was above it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 10 Aug 2026): revenue ₹7,354 crore (+208.5% YoY), net profit ₹1,734 crore (+170.1% YoY), operating margin 38% vs 33% a year earlier (Screener consolidated figures).

Later news

10 Aug 2026 Lloyds Metals Q1 FY27 consolidated profit jumps 166% to Rs 1,734 crore; revenue Rs 7,354 crore — Q1 FY27 consolidated revenue from operations Rs 7,354 cr (+208% YoY from Rs 2,384 cr), net profit Rs 1,734 cr (+166%), PBT Rs 2,405 cr; sequentially profit up 13% and revenue up 22%. Board also approved renewable captive investments and up to Rs 625 cr in subsidiary Thriveni Earthmovers and Infra. source
21 Sep 2026 Lloyds Metals approves Rs 1,550 crore NCD issue and DRI capacity expansion at Ghugus and Konsari — Board approved Rs 1,550 cr of privately placed NCDs (Rs 600 cr + Rs 950 cr) and Rs 190 cr capex to raise DRI capacity at Ghugus to 815,000 MTPA and Konsari to 92,400 MTPA, taking combined capacity above 900,000 MTPA. source
28 Sep 2026 Lloyds Metals raises stake in Thriveni Earthmovers and Infra to 71.89% — Company was allotted 3.5 crore TEIL shares for about Rs 606.76 cr (Rs 173.36/share), taking its holding to 73.5 crore shares or 71.89% of TEIL. source
30 Sep 2026 Lloyds Metals promoters create non-disposal undertaking and pledge on shares for SBI term loan — Promoter entities created NDUs (and some pledges) on their shares in favour of SBICAP Trustee as security trustee for a State Bank of India rupee term loan facility. source
01 Oct 2026 Lloyds Metals H1 FY27 iron ore output up 36% to 10 MT; DRI doubles — Operational update: H1 FY27 iron ore output 10 million tonnes (+36% YoY), pellets 3.8 MT at full utilisation, DRI 343,064 t (+104% YoY). source

Educational summary. On 16 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved +0.4% against -3.8% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Lloyds Metals And Energy today.

Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 19 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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