Loyal Equipments Limited

About

Loyal Equipments Limited engages in designing, manufacturing, supply, erection, and commissioning of process equipment in India and internationally. It offers pressure vessels, air cooled heat exchangers, shell and tube heat exchangers, storage tanks, pressure receivers, chimneys, heavy structural items, skids, base plates, as well as other items for oil and gas, petroleum, chemical, sugar, steel, fertilizers and power plant sectors. The company also provides centrifugal, turbine, and process modular packaging; and finned tubes. Loyal Equipments Limited was founded in 1993 and is based in Gandhinagar, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	18.85	30.49	23.55	13.61	11.33	28.94	18.71	14.76	12.89	27.50	13.23	26.09	4.00
Expenses	16.07	25.22	20.42	11.37	9.72	22.59	14.88	9.93	11.49	21.42	10.42	20.95	5.45
Operating Profit	2.78	5.27	3.13	2.24	1.61	6.35	3.83	4.83	1.40	6.08	2.81	5.14	-1.45
OPM %	14.75	17.28	13.29	16.46	14.21	21.94	20.47	32.72	10.86	22.11	21.24	19.70	-36.25
Other Income	0.11	0.41	0.10	0.24	0.25	0.10	0.11	0.13	0.07	0.02	0.05	0.05	0.20
Depreciation	0.81	0.74	0.80	0.60	0.59	0.64	0.64	0.56	0.53	0.53	0.52	0.51	0.50
Interest	0.38	1.01	0.32	0.20	0.26	0.32	0.16	0.22	0.17	0.54	0.11	0.34	0.34
Profit before tax	1.70	3.93	2.11	1.68	1.01	5.49	3.14	4.18	0.77	5.03	2.23	4.34	-2.09
Tax %	19.41	26.97	24.17	26.19	0.00	27.14	16.24	17.94	23.38	24.06	27.80	13.36	-0.48
Net Profit	1.38	2.87	1.60	1.25	1.01	4.01	2.63	3.43	0.60	3.81	1.61	3.75	-2.08
EPS in Rs	1.28	2.66	1.48	1.16	0.94	3.72	2.44	3.36	0.59	3.74	1.58	3.68	-2.04

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	78.98	75.30	70.81	49.08	32.22	25.59	33.45	41.44	21.33	19.30	11.13	14.86
Expenses	66.71	58.91	58.25	39.80	34.08	23.34	27.60	33.97	17.35	14.94	9.06	11.00
Operating Profit	12.27	16.39	12.56	9.28	-1.86	2.25	5.85	7.47	3.98	4.36	2.07	3.86
OPM %	15.54	21.77	17.74	18.91	-5.77	8.79	17.49	18.03	18.66	22.59	18.60	25.98
Other Income	0.99	0.42	0.33	0.34	0.11	1.85	0.20	0.44	0.21	0.18	0.12	0.02
Interest	1.79	0.86	1.33	1.36	1.59	1.31	1.08	0.65	0.34	0.31	0.33	0.34
Depreciation	2.74	2.36	2.06	2.02	1.97	1.41	1.15	1.03	1.12	0.98	1.01	1.03
Profit before tax	8.73	13.59	9.50	6.24	-5.31	1.38	3.82	6.23	2.73	3.25	0.85	2.51
Tax %	22.91	21.49	25.47	4.33	-3.77	35.51	24.61	27.77	27.11	32.92	37.65	34.66
Net Profit	6.73	10.66	7.09	5.97	-5.12	0.89	2.88	4.50	1.99	2.18	0.53	1.64
EPS in Rs	6.24	9.88	6.95	5.85	-5.02	0.87	2.82	4.41	1.95	2.14	0.52	3.64
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	64.15	18.29

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	10.79	10.79	10.20	10.20	10.20	10.20	10.20	10.20	10.20	6.80	6.80	3.00
Reserves	45.76	40.08	19.38	12.32	6.34	11.44	10.61	7.75	3.23	4.89	2.73	3.36
Borrowings	17.72	9.58	12.23	12.10	15.59	15.43	9.08	7.71	2.35	4.04	4.06	3.70
Other Liabilities	18.57	15.00	12.13	16.73	13.56	13.46	7.05	5.27	8.95	4.08	5.61	2.79
Total Liabilities	92.84	75.45	53.94	51.35	45.69	50.53	36.94	30.93	24.73	19.81	19.20	12.85
Fixed Assets	20.09	12.98	13.05	14.22	16.08	10.31	9.11	4.88	5.47	5.13	5.08	5.40
CWIP	15.90	2.72	0.00	0.00	0.00	5.98	0.02	3.19	0.83	0.11	0.00	0.00
Investments	2.11	2.01	0.09	0.04	0.54	0.86	0.17	0.13	0.10	1.58	1.63	0.04
Other Assets	54.74	57.74	40.80	37.09	29.07	33.38	27.64	22.73	18.33	12.99	12.49	7.41
Total Assets	92.84	75.45	53.94	51.35	45.69	50.53	36.94	30.93	24.73	19.81	19.20	12.85

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	1.46	3.12	8.09	6.32	-0.15	2.91	0.80	-0.68	1.72	-0.06	2.39	1.11
Cash from Investing Activity	-19.01	-7.05	-0.89	0.54	-0.95	-6.42	-2.28	-2.69	-0.74	-0.93	-2.55	-3.47
Cash from Financing Activity	5.27	8.21	-1.21	-4.85	-1.42	5.04	0.60	5.24	-2.64	-0.32	3.31	1.80
Net Cash Flow	-12.28	4.29	6.00	2.01	-2.52	1.52	-0.87	1.87	-1.66	-1.31	3.15	-0.57
Free Cash Flow	-17.77	-1.89	7.20	6.16	-1.22	-3.69	-1.40	-3.46	-0.47	-1.20	1.70	-2.38
CFO/OP %	28.00	38.00	84.00	73.00	17.00	148.00	37.00	10.00	91.00	8.00	149.00	42.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	92.10	108.09	66.34	86.86	104.79	73.17	70.71	58.31	58.18	53.33	59.03	34.63
Inventory Days	258.44	151.33	151.35	282.99	286.24	588.67	474.79	210.69	416.72	225.92	420.26	209.17
Days Payable	89.91	36.06	31.46	125.96	125.64	239.06	134.25	51.72	165.43	58.01	89.37	68.64
Cash Conversion Cycle	260.64	223.37	186.23	243.90	265.38	422.78	411.25	217.28	309.47	221.24	389.92	175.16
Working Capital Days	110.04	101.31	55.00	75.93	61.06	115.25	115.88	72.67	125.77	71.11	13.12	66.32
ROCE %	15.62	28.26	28.34	22.77	-10.75	8.00	17.64	33.20	19.42	24.28	9.98	34.71

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	70.75	70.68	70.68	70.68	70.68	70.44	73.53	73.53	73.53	73.53	73.53	73.53
DIIs	0.52	0.39	0.38	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	28.73	28.92	28.94	29.29	29.32	29.56	26.47	26.48	26.46	26.47	26.48	26.46
No. of Shareholders	5,676	5,836	5,894	6,124	5,923	6,176	6,144	5,911	4,039	3,341	3,069	2,298