$LLOYDSENGG

Fundamental: Revenue +113% YoY | PAT +100% YoY | 5Y Sales CAGR 114% | P/E 62.2x vs sector 48.7x (below own 10Y avg of 65.5x) | Upside 23.2% | Operating Margin 18.4% | ROCE 12.2% | Interest Coverage 17x | Rank #1/12 peers | Rating 8.40 Technical: Strong uptrend above all key MAs — 5/9/13 EMAs closely aligned, sustained bullish momentum | Consolidating near ₹90 — HH-HL structure intact, healthy profit booking within uptrend | Sustained move above ₹90 triggers next leg | RSI ~63 — positive momentum, not overbought | MACD positive despite minor consolidation Moat: Niche heavy engineering manufacturer supplying critical process equipment to oil & gas, chemicals, and defence sectors — 5-year revenue CAGR of 114% and a perfect outlook score reflect an order book-driven business operating in a high-barrier, import-substitution segment with limited domestic competition. View: Ranked #1 in its engineering segment with a perfect outlook score (10/10), trading below its own historical P/E average — the hypergrowth in revenues and earnings combined with a healthy consolidation near recent highs offers a quality engineering play aligned with India's capital goods and defence capex supercycle.