Loyal Equipments (BSE: LOYAL) had a P/E of 26.1× on 6 Nov 2026, below the industry P/E of 33.8×, and the shares are 38% below their 52-week high. Sales and net profit grew 17% and 4.1% a year over 3 years; its ROCE of 16% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. Debt is 0.25× equity. It is a small-cap company with a market cap of ₹144 Cr, ranked 103rd of 138 Specialty Industrial Machinery companies by market cap; the shares fell 32% over the past year.
- ₹137.40
- ₹139.80
- ₹130.15
- ₹140.00
- 3.1K
Health check
- ReturnsBehind
−32.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 26.1 vs industry 33.8.
- GrowthSteady
Sales +17.0%, profit +4.1% a year over 3 years.
- ProfitabilityWeak
ROCE 15.9% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.25× equity, interest covered 6.6×, Piotroski 3 of 9.
- Red flags1 to check
38% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹144 Cr
- Small cap
- P/E
- 26.1
- Industry 33.8
- Price to book
- 2.46
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 12.0%
- Peers 19.1%
- ROCE
- 15.9%
- Peers 24.8%
- Debt to equity
- 0.25
- Debt ₹15 Cr
- EPS (TTM)
- ₹5.10
- OPM (TTM)
- 15.5%
- Net margin 7.8%
- Sales growth
- +66.3%
- Latest quarter vs a year ago
- Profit growth
- +35.8%
- Latest quarter vs a year ago
- Price to sales
- 1.69
- EV/EBITDA 11.7
Strengths and risks
Strengths
- Quarterly profit up 35.8% on a year ago.
- Quarterly sales up 66.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 38% below its 52-week high.
About Loyal Equipments
Loyal Equipments Limited engages in designing, manufacturing, supply, erection, and commissioning of process equipment in India and internationally. The company offers pressure vessels, air-cooled heat exchangers, shell and tube heat exchangers, process skid packages, lube oil/water consoles, storage tanks, pressure receivers, chimneys, heavy structural items, process skid packages, base plates, as well as other engineered equipment for oil and gas,…
- Headquarters
- Gandhinagar
- Employees
- 112
- Sector
- Industrials
- ISIN
- INE876S01017
- Website
- loyalequipments.com
Price range
- Avg volume (3M)
- 4.2K
- 1-year return
- minus 32.3%
- From 52-week high
- minus 38.4%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| LOYALLoyal Equipments | 133.05 | minus 4.96% | 144 | 26.1 | 13.1 | 15.9% | 15.5% | 0.18 | 17.0% | minus 32.3% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 11.3 | 13.6 | 23.5 | 30.5 | 18.8 | |
| 9.7 | 11.4 | 20.4 | 25.2 | 16.1 | |
| 1.6 | 2.2 | 3.1 | 5.3 | 2.8 | |
| 14.3% | 16.4% | 13.3% | 17.3% | 14.7% | |
| 0.2 | 0.2 | 0.1 | 0.4 | 0.1 | |
| 0.3 | 0.2 | 0.3 | 1 | 0.4 | |
| 0.6 | 0.6 | 0.8 | 0.7 | 0.8 | |
| 1 | 1.7 | 2.1 | 3.9 | 1.7 | |
| −0.4% | 25.8% | 24.1% | 27.0% | 19.3% | |
| 1 | 1.2 | 1.6 | 2.9 | 1.4 | |
| 0.94 | 1.16 | 1.48 | 2.66 | 1.28 |
Profit & loss
- Sales CAGR 3Y
- +17.0%
- Profit CAGR 3Y
- +4.1%
- EPS CAGR 3Y
- +2.2%
- ROE
- 12.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 49.3 | 70.8 | 75.3 | 79 | |
| – | +43.7% | +6.3% | +4.9% | |
| 39.6 | 58.2 | 58.7 | 66.3 | |
| 9.7 | 12.6 | 16.6 | 12.6 | |
| 19.7% | 17.8% | 22.0% | 16.0% | |
| 0.1 | 0.2 | 0.3 | 0.4 | |
| 1.2 | 1.2 | 0.8 | 1.5 | |
| 2 | 2.1 | 2.4 | 2.7 | |
| −0.4 | – | −0.1 | – | |
| 6.2 | 9.5 | 13.6 | 8.7 | |
| 4.4% | 25.4% | 21.5% | 22.9% | |
| 6 | 7.1 | 10.7 | 6.7 | |
| – | +18.8% | +50.4% | minus 36.8% | |
| 5.85 | 6.95 | 10.21 | 6.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.2 | 10.2 | 10.8 | 10.8 | |
| 12.3 | 19.4 | 40.1 | 45.8 | |
| 14 | 13.8 | 10.6 | 22.4 | |
| 14.8 | 10.6 | 13.9 | 13.9 | |
| 51.3 | 53.9 | 75.5 | 92.8 | |
| 14.2 | 12.8 | 15.3 | 35.7 | |
| – | – | 2.7 | 15.9 | |
| 0 | 0.1 | 2 | 2.1 | |
| 2.3 | 8.3 | 12.6 | 0.3 | |
| 34.8 | 32.8 | 42.8 | 38.9 | |
| 51.3 | 53.9 | 75.5 | 92.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.3 | 8.1 | 3.1 | 1.5 | |
| 0.5 | −0.9 | −7 | −19 | |
| −4.9 | −1.2 | 8.2 | 5.3 | |
| 2 | 6 | 4.3 | −12.3 | |
| −0.2 | −0.9 | −5 | −19.2 | |
| 6.2 | 7.2 | −1.9 | −17.8 | |
| – | – | – | −1.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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