Lloyds Engineering Works Ltd Share Price

Lloyds Engineering Takes Control of SISCOL Through ₹626.40 Crore Acquisition

Lloyds Engineering Works Ltd has strengthened its engineering and infrastructure portfolio by acquiring a 51.13% controlling stake in Steel Infra Solutions Company Ltd (SISCOL) for a total consideration of ₹626.40 crore, with the transaction completed on August 17, 2026. The acquisition involved ₹127.34 crore in cash for 10.39% of SISCOL, while the remaining 40.74% stake will be acquired through the issue of 7,00,42,458 Lloyds Engineering shares to SISCOL’s sellers at ₹71.25 per share, representing a share-swap value of up to ₹499.05 crore. SISCOL operates in heavy steel fabrication and infrastructure solutions across the energy, infrastructure and industrial sectors, offering design, engineering, fabrication, site installation and project management services. With six production facilities, including its recently opened Hyderabad facility, SISCOL has an annual fabrication capacity of 100,000 tonnes. Financially, SISCOL reported a turnover of ₹816.87 crore and net profit of ₹43.42 crore in FY26, compared with turnover of ₹636.10 crore in FY25 and ₹573.49 crore in FY24. Lloyds Engineering expects the acquisition to expand its capabilities and product portfolio, create operational synergies and improve its ability to pursue larger turnkey and EPC projects. The company also plans to explore filing the Draft Red Herring Prospectus for a potential future listing of SISCOL within 30 months from completion of Stage 1 of the transaction.

**Acquisition & Regulatory Relief** **

Lloyds Engineering Acquires 51.13% Stake in SISCOL for ~₹626 Crore

Lloyds Engineering Works Limited has acquired a controlling 51.13% stake in Steel Infra Solutions Company Limited (SISCOL) for a total consideration of ~₹626.40 crore, making SISCOL its subsidiary effective August 17, 2026. Key Deal Highlights: Funding Structure: The acquisition is funded through a mix of cash (~₹127.34 crore) and a preferential share swap. To execute the swap, Lloyds issued 7.00 crore equity shares at ₹71.25 per share to SISCOL’s shareholders (valued at ~₹499.05 crore), substantially increasing its paid-up capital. Target Profile: SISCOL is a strong performer, reporting FY26 revenues of ₹816.87 crore and a net profit of ₹43.42 crore. It specializes in heavy steel fabrication and infrastructure solutions. Strategic Rationale & Outlook: Platform Diversification: The deal builds a multi-disciplinary engineering platform, creating operating synergies through consolidated procurement, shared engineering resources, and optimized manufacturing. Larger EPC Bids: The combined capabilities will allow the entity to bid for larger, integrated turnkey projects. Future Listing: Lloyds plans to explore an independent listing for SISCOL within 30 months to facilitate price discovery and unlock shareholder value.

Lloyds Engineering Works has approved a 7.07 crore share preferential allotment

Update for investors of

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.