Defence Penny Stock in Focus as Company Strengthens Defence Footprint Through MoU with FlyFocus for Next-Gen UAV (Drone) ‘Defender’
DSIJ Intelligence-1 / 10 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up over 50 per cent from its 52-week low of Rs 42.66 per share, giving multibagger returns of 470 per cent in 3 years and a whopping 10,380 per cent in 5 years.
Lloyds Engineering Works Limited (LEWL) has significantly expanded its Defence presence by signing a Memorandum of Understanding (MoU) with FlyFocus Sp. z o.o., a specialist in unmanned aerial systems (UAVs) based in Warsaw, Poland. The agreement is for the joint development and manufacture of the 'Defender' SIGINT UAV, a next-generation drone designed for signals intelligence and electronic surveillance, marking LEWL's strategic entry into the Aerospace and defence segment.
The collaboration leverages the strengths of both parties: FlyFocus will contribute its deep technical expertise in UAV design, avionics, and passive radar technologies, while Lloyds Engineering will lead the crucial functions of system integration, indigenisation, and local production within India. This partnership grants LEWL exclusive rights for deployment in the Indian market, to ensure complete localisation and technology transfer.
The Defender UAV is intended to enhance India's national security preparedness through diverse defence applications, including border and coastal monitoring, airbase protection, VIP security, and strategic reconnaissance for the armed forces and intelligence agencies. Crucially, the partnership is fully aligned with the Indian government’s Atmanirbhar Bharat and Make in India missions, with plans to evolve into a full technology transfer and joint-production program.
This strategic move is perfectly timed with the rapid growth of India's defence sector, which is supported by a large Rs 6.8 lakh crore FY26 outlay and a strong policy push toward domestic production and innovation. Beyond the domestic market, the collaboration also opens up potential export opportunities for the Defender UAV, positioning Lloyds Engineering to build long-term competencies and aggressively broaden its product offerings in high-value, advanced technology domains.
About the Company
Lloyds Engineering Works Limited, established in 1994 and headquartered in Mumbai, is a comprehensive Indian provider of customised Process Plant Equipment and engineering and infrastructure solutions, offering services from design and manufacturing to installation. With state-of-the-art facilities in Murbad, Thane, Nagpur, and Bhilai, the company caters to various heavy industries—including Mining to Metal (Steel), Hydrocarbon, Oil & Gas, Thermal and Nuclear Power and Marine sectors—on a turnkey basis, and its operations are approved by various authorities such as the Industrial Boiler Regulatory Authority and PESO.
The company has a market cap of over Rs 7,300 crore and as of June 30, 2025, the Order Book stands at Rs 1,337.57 crore. The stock is up over 50 per cent from its 52-week low of Rs 42.66 per share, giving multibagger returns of 470 per cent in 3 years and a whopping 10,380 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.