Choice Institutional Equities has issued a buy rating on Lloyds Metals and Energy with a target price of ₹1,730 in its research report dated March 27, 2026. According to reports from Moneycontrol, the broker expects a steady improvement in earnings quality and cash-flow visibility for the company. The recommendation offers a compelling 32.4% upside potential from current levels.
As of March 27, 2026, Lloyds Enterprises shares are trading at ₹44.5 on NSE and ₹44.44 on BSE. The stock has experienced significant volatility with a 52-week range of ₹37.77 to ₹88.16. Over the past six months, the stock has declined by 31.4%, while showing a 10.07% increase over the last year. The company's market capitalization stands at ₹6,639.79 crore as of December 2025, with promoters holding 62.7% stake.
The company is transitioning from a merchant miner to an integrated steel player, with revenue expected to grow from ₹67.2 billion (FY25) to ₹223.7 billion (FY28E) on a standalone basis. As reported by Moneycontrol, this growth is driven by the ramp-up in Surjagarh mining capacity to 55 MT and a 2.6x increase in production. The company is also scaling up its value-added portfolio with pellet capacity expanding from 4 to 12 MT and a 1.2 MT wire rod plant coming online in FY27E.
According to the broker's analysis, Lloyds Metals and Energy is undergoing a significant transformation from its traditional merchant mining operations. The company is building out a steel value chain in full build-out while maintaining its iron ore dominance, positioning itself as a comprehensive steel player in the market. The company has also entered the gold mining sector through its 31.58% stake in Geomysore Private Ltd. in FY 2025.
Choice Institutional Equities expects the company to benefit from the ramp-up in Surjagarh mining capacity and the scaling up of value-added products. The broker's research indicates that these operational improvements will enhance the company's financial performance and cash generation capabilities in the coming years. The company's recent financial performance shows revenue of ₹1,570.93 crore for FY 2025-26 and net profit of ₹126.3 crore.
