A ₹1 lakh investment in Lloyds Metals & Energy in 2020 is now worth over ₹1.38 crore – a staggering 13,738% return that has catapulted the little-known iron ore player into the spotlight as one of India’s most explosive multibagger stocks.
Lloyds Metals & Energy Ltd, once a modest name in India’s steel and mining ecosystem, has emerged as a breakout performer. From ₹9.38 in September 2020 to ₹1,298 per share today, the stock has delivered 13,738% gains in just five years. That’s enough to turn a ₹1 lakh investment into over ₹1.38 crore.
With a current market capitalization of ₹67,706 crore, Lloyds is riding on the strength of its iron ore dominance, aggressive capacity expansion, and a sustainability-driven growth strategy.
Lloyds operates the largest iron ore mine in India, located in Maharashtra’s resource-rich Chandrapur and Gadchiroli districts. The mine is on track to scale up to 26 MTPA dispatchable capacity, positioning the company as a central force in India’s steel supply chain.
Its product portfolio – iron ore, DRI (sponge iron), pellets, steel, and power – supports critical industries from construction to manufacturing. In FY25, Lloyds produced 10 million tons of iron ore and 340,000 tons of DRI.
Financial Performance: Q1 FY26
- Revenue: ₹2,384 crore (up 100% QoQ, down 1.4% YoY)
- Net Profit: ₹642 crore (up 15% YoY)
- Iron Ore Revenue: ₹2,089.2 crore (up 8% YoY), with sales volume at 3.45 MMT
- DRI Revenue: ₹249.9 crore (down 10% YoY), though volumes rose to 78.92k MT
- Power Sales: 45.10 million units (vs 49.10 million YoY)
In FY26, Lloyds aims to scale up to 22 million tons of iron ore, 2.8-3 million tons of pellets, and 450k-550k tons of DRI. By FY27, it plans to reach 25-26 million tons in iron ore, 5-6 million tons in pellets, and 0.7 million tons in DRI – along with the launch of steel production and BHQ ore operations.
Lloyds’ use of EV fleets, slurry pipelines, and renewable power shows a clear pivot toward sustainable mining – a rare focus in India’s heavy industries sector.
As infrastructure and steel demand surge, Lloyds Metals & Energy stands positioned not just as a past multibagger – but a future growth heavyweight.