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Multibagger Stock: Investors often look for stocks that become multibaggers in a short time. Lloyds Metals & Energy has emerged as one of the most talked-about stocks in the metal sector, delivering a return of over 14,000 per cent in just five years.

Lloyds Metals & Energy is an important Indian company involved in iron ore mining and the manufacturing of sponge iron. It has integrated operations across the steel value chain with facilities in Maharashtra. The company also produces power to support its operations and for commercial sale.

On October 24, the stock is trading at Rs 1,339.20, up Rs 15 or 1.13 per cent, with a market capitalization of Rs 69,900 crore. The stock was priced at Rs 9.38 in September 2020. An investment of Rs 1 lakh then would have bought around 10,660 shares, which are now worth over Rs 1.42 crore. This shows how a small investment in the company has grown massively in a short span.

In Q2 FY26, the company reported a consolidated net profit of Rs 641.42 crore on revenue of Rs 2,411.71 crore. Its iron ore production rose to 3.4 million tonnes, a 77 per cent increase year-on-year. The new 4 MTPA pellet plant produced 0.81 million tonnes in the first half of FY26, and the recently commissioned 360 KTPA Direct Reduced Iron facility at Ghugus added to production capacity.

In a recent development, the Competition Commission of India (CCI) on Tuesday approved Lloyds Metals & Energy’s proposal to acquire a 49.99 per cent equity stake in Thriveni Pellets Pvt Ltd. The regulator said the proposed combination involves LMEL acquiring 49.99 per cent of the equity share capital of TPPL, which is engaged in the sale of iron ore pellets in India. TPPL’s wholly-owned subsidiary, Brahmani River Pellets Ltd, is also involved in the production and sale of iron ore pellets in India.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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