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Kolkata: A booming order book, thanks to a couple of international deals, is supposed to trigger bullishness about a stock, which can only go up if the stock is priced below Rs 60. The Lloyds Engineering Works stock is now in the news precisely for these reasons.
Small-cap company Lloyds Engineering Works has been able to conclude two international deals that has infused life into its order boo. These deals were given by Poland's Kliver Polska. The awards came into effect from November 20. The company was set up in 1974 in Mumbai. The company's website mentions that it has got a pool of skills and as a recognition the workshop is approved/enlisted by global consultants such as Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, EIL, UHDE, PESO, IBR, LINDE, PDIL, TOYO, Technip, MECON, MN Dastur and SMS Group. The company has modern manufacturing plants in Murbad, Thane, Nagpur, and Bhilai.
The two contracts are an indication of the company's capabilities in engineering and underwater technology. The first order Lloyds Engineering Works won is valued at $163,900. This contract is for towed reel development. According to this deal, Kliver Polska will design, prototype, and develop a towed reel for use in multifunctional underwater platforms. The second deal is valued at Euro 310,000. This is linked to test stand development. It envisages that Kliver Polska will design, prototype, and deliver an operational test tilt stand.
Lloyds Engineering Works is capable of executing turnkey projects for mining to metals in the steel sector, hydrocarbons, oil and gas, thermal and nuclear power, marine, and other heavy industries.
In early trade on Friday, Nov 21, Lloyds Engineering Works shares were trading at Rs 54.90, down Rs 1.44 or 2.56%. The stock has fallen by approximately 5.50% in the past five days, 9.34% in the past one month and 7.32% in the past year. The company's market cap is about 7,560 crore in the morning of Nov 21. The 52-week high and 52-week low prices of the stock are Rs 84.27 and Rs 44.51 respectively. The stock recorded a 407% appreciation in the past five year.
Lloyds Engineering Works recorded a revenue of Rs 251.47 crore and a PAT of Rs 33.19 crore inQ2FY26. The operating profits (EBITDA) stood at Rs 45.24 crore in the same quarter
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