11,000% Multibagger Returns & Stock Trading Under Rs 100: Company Subsidiary Bags Rs 19.58 Crore Escalator Order from Mumbai Railway Vikas Corporation Limited
DSIJ Intelligence-2 / 04 Aug 2025/ Categories: Mindshare, Trending
The stock is up 60 per cent from its 52-week low of Rs 42.66 per share, giving multibagger returns of 432 per cent in 3 years and a whopping 11,000 per cent in 5 years.
On Tuesday share price of Lloyds Engineering Works Limited jumped nearly 3.6 per cent to an intraday high of Rs 71.50 per share. As of 2:32 pm IST, the stock price was trading at Rs 3,622 per share, up by 0.98 per cent.
Lloyds Engineering Works Limited (LEWL) has announced a significant development for its 88%-owned subsidiary, Techno Industries Private Limited (TI), which has successfully secured an order valued at Rs 19.58 crore from the Mumbai Railway Vikas Corporation Limited. The contract encompasses the comprehensive scope of design, manufacturing, supply, installation, testing, commissioning, and maintenance of escalators.
This new award significantly bolsters TI’s confirmed order book, which now stands at Rs 82.86 crore. The order is being heralded as a strong and strategic foray into the high-growth railway sector for TI, marking a crucial entry point to establish a strong, long-term presence in this high-potential segment of the Indian market. Furthermore, the contract, which was secured outside Gujarat, underscores the company's strategic commitment to broadening its geographical footprint and expanding its escalator and AMC (Annual Maintenance Contract) businesses, thereby tapping into India’s burgeoning institutional infrastructure sector.
This win also represents an early execution of LEWL’s multi-pronged growth strategy for TI, which includes expansion into tier-2/3 markets, diversification into industrial elevators, parking systems, and export markets, as well as scaling its motors and pumps verticals. Techno Industries is well-positioned and fully geared to effectively meet the rising demand for elevators, escalators, motors, and pumps, supported by robust market fundamentals and strong execution capabilities.
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About the Company
Lloyds Engineering Works Ltd, established in 1974, designs, manufactures and commissions heavy equipment, machinery and systems for various sectors including hydrocarbon, oil & gas, steel, power, nuclear and marine. They offer a diverse range of products like pressure vessels, heat exchangers, steel mill equipment and marine loading arms, catering to a broad clientele and operating out of four workshops in Thane, Mumbai. They are continuously expanding their capacity and hold various industry approvals.
The company has a market cap of over Rs 9,800 crore and as of March 31, 2025, the order book stands at Rs 1,315.38 crore. The stock is up 60 per cent from its 52-week low of Rs 42.66 per share, giving multibagger returns of 432 per cent in 3 years and a whopping 11,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.