---
title: "Stewarts & Lloyds of India Ltd (504960) — Share Price, Financials & Analysis"
symbol: "504960"
company: "Stewarts & Lloyds of India Ltd"
canonical: "https://tapetide.com/stocks/504960"
isin: "INE356D01012"
bse_code: "504960"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T18:40:58.753Z"
---

# Stewarts & Lloyds of India Ltd (504960)

Canonical page: https://tapetide.com/stocks/504960

## Company

- **BSE Code:** 504960
- **ISIN:** INE356D01012
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** slofindia.com

## About

Stewarts and Lloyds of India is engaged in execution of erection projects in India, which, in most cases involve supply of materials (procured or manufactured).

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -26.9% over past five years.
- Contingent liabilities of Rs.18.4 Cr.
- Company has high debtors of 348 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -105% | — | — |
| revenue growth | 70% | -51% | -27% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.2 | 1.7 | 3.37 | 2.08 | 1.57 | -0.55 | 1.24 | 1.11 | 1.48 | 1.35 | 1.33 | 1.58 |
| Expenses | 4.36 | 2.75 | 4.13 | 29.52 | 2.09 | 2.52 | -25.62 | 1.43 | 1.62 | 1.65 | 3.35 | 1.75 |
| Operating Profit | -0.16 | -1.05 | -0.76 | -27.44 | -0.52 | -3.07 | 26.86 | -0.32 | -0.14 | -0.3 | -2.02 | -0.17 |
| OPM % | -3.81 | -61.76 | -22.55 | -1319.23 | -33.12 | — | 2166.13 | -28.83 | -9.46 | -22.22 | -151.88 | -10.76 |
| Other Income | 0.07 | 3.14 | 0.66 | 0.03 | 0.12 | 0.26 | 0.39 | 0.08 | 0.22 | 0.59 | 0.85 | 0.02 |
| Interest | 1.38 | -1.32 | 0.04 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.39 | 0.18 | 0.03 | 0.05 | 0.05 | 0.05 | 0.06 | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 |
| Profit before tax | -1.86 | 3.23 | -0.17 | -27.46 | -0.45 | -2.86 | 27.17 | -0.27 | 0.04 | 0.26 | -1.2 | -0.2 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | -2.91 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1.86 | 3.23 | -0.17 | -27.46 | -0.45 | -2.86 | 27.96 | -0.27 | 0.04 | 0.26 | -1.2 | -0.2 |
| EPS in Rs | -6.2 | 10.77 | -0.57 | -91.53 | -1.5 | -9.53 | 93.2 | -0.9 | 0.13 | 0.87 | -4 | -0.67 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 111.13 | 95.37 | 61.51 | 20.77 | 25.81 | 36.83 | 29.48 | 13.05 | 4.34 | 5.74 |
| Expenses | 103.38 | 89.31 | 59.95 | 24.63 | 31.56 | 39.35 | 67.97 | 15.69 | 35.61 | 8.37 |
| Operating Profit | 7.75 | 6.06 | 1.56 | -3.86 | -5.75 | -2.52 | -38.49 | -2.64 | -31.27 | -2.63 |
| OPM % | 6.97 | 6.35 | 2.54 | -18.58 | -22.28 | -6.84 | -130.56 | -20.23 | -720.51 | -45.82 |
| Other Income | 0.13 | 0.75 | 1.11 | 0.01 | 11.67 | 4.55 | 0.7 | 3.94 | 2 | 1.68 |
| Interest | 1.69 | 2.98 | 4.08 | 4.71 | 5.12 | 4.92 | 6.01 | 1.53 | 0.03 | 0 |
| Depreciation | 0.88 | 0.81 | 0.69 | 0.72 | 0.65 | 0.58 | 0.53 | 0.7 | 0.21 | 0.15 |
| Profit before tax | 5.31 | 3.02 | -2.1 | -9.28 | 0.15 | -3.47 | -44.33 | -0.93 | -29.51 | -1.1 |
| Tax % | 30.89 | 42.05 | -11.9 | 1.19 | -280 | -5.19 | 0.41 | 0 | 2.68 | — |
| Net Profit | 3.67 | 1.75 | -1.85 | -9.39 | 0.57 | -3.29 | -44.51 | -0.92 | -30.31 | -1.1 |
| EPS in Rs | 12.23 | 5.83 | -6.17 | -31.3 | 1.9 | -10.97 | -148.37 | -3.07 | -101.03 | -3.67 |
| Dividend Payout % | 24.52 | 25.71 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 18.99 | 20.22 | 18.37 | 8.98 | 9.55 | 6.26 | -38.24 | -39.22 | -69.52 | -70.77 |
| Borrowings | 15.85 | 20.17 | 28.77 | 26.19 | 29.11 | 29.32 | 35 | 0 | 0 | 0 |
| Other Liabilities | 66.2 | 80.16 | 54.33 | 43.28 | 44.01 | 50.23 | 47.73 | 85.44 | 82.34 | 79.94 |
| Total Liabilities | 104.04 | 123.55 | 104.47 | 81.45 | 85.67 | 88.81 | 47.49 | 49.22 | 15.82 | 12.17 |
| Fixed Assets | 5.38 | 4.77 | 5 | 4.39 | 3.02 | 2.5 | 1.7 | 0.96 | 0.75 | 0.6 |
| CWIP | 0.41 | 0.5 | 0 | 0 | 0 | 0.19 | 0.56 | 0.57 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 98.25 | 118.28 | 99.47 | 77.06 | 82.65 | 86.12 | 45.23 | 47.69 | 15.07 | 11.57 |
| Total Assets | 104.04 | 123.55 | 104.47 | 81.45 | 85.67 | 88.81 | 47.49 | 49.22 | 15.82 | 12.17 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -11.45 | 2.53 | -0.32 | -4.42 | 6.9 | -10.46 | 0.83 | -44.51 | 36.51 | -0.25 |
| Cash from Investing Activity | -1.6 | -0.34 | -0.23 | -0.24 | -0.1 | 12.4 | 4.26 | 0 | -0.01 | 0.3 |
| Cash from Financing Activity | 13.01 | -2.06 | 0.5 | 4.76 | -6.94 | -1.82 | -4.54 | 0 | -36.53 | -0.03 |
| Net Cash Flow | -0.04 | 0.13 | -0.05 | 0.1 | -0.14 | 0.12 | 0.55 | -44.51 | -0.03 | 0.02 |
| Free Cash Flow | -13.09 | 2.13 | -0.59 | -4.81 | 6.78 | 1.84 | 5 | -44.51 | 36.5 | 0.05 |
| CFO/OP | -118 | 63 | 40 | -302 | -212 | 159 | -67 | 116 | -1397 | 0 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 110.99 | 165.17 | 264.77 | 317.94 | 683.78 | 565.67 | 433.58 | 305.94 | 715.46 | 348.18 |
| Inventory Days | 32.75 | 33.3 | 62.44 | 112.31 | 254.01 | — | — | — | 67.24 | — |
| Days Payable | 614.97 | 979.59 | 1780.16 | 2303.56 | 1874.09 | — | — | — | 12342.76 | — |
| Cash Conversion Cycle | -471.24 | -781.11 | -1452.95 | -1873.3 | -936.31 | 565.67 | 433.58 | 305.94 | -11560.07 | 348.18 |
| Working Capital Days | 82.48 | 103.56 | 143.14 | 261.75 | 133.21 | 126 | 45.29 | -563.22 | -1270.65 | -6360.59 |
| ROCE % | 26.8 | 19.33 | 14.65 | 4.15 | -10.35 | -15.81 | -7.48 | -202.4 | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Sep 2017 |
| --- | --- | --- | --- |
| Promoters | 55.46% | 55.46% | 55.46% |
| DIIs | 5.49% | 5.46% | 5.46% |
| Public | 39.05% | 39.08% | 39.08% |
| No. of Shareholders | 3081 | 3061 | 3073 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.46% | 55.46% | 55.46% | 55.46% | 55.46% | 55.46% | 55.46% |
| DIIs | 5.49% | 5.46% | 5.46% | 5.46% | 5.46% | 5.46% | 5.46% |
| Public | 39.05% | 39.08% | 39.08% | 39.08% | 39.08% | 39.08% | 39.08% |
| No. of Shareholders | 3081 | 3074 | 3078 | 3078 | 3061 | 3066 | 3073 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 5 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10506.65 | Sell |
| EMA (10) | 10295.36 | Sell |
| SMA (20) | 10184.3 | Sell |
| EMA (20) | 10057.61 | Sell |
| SMA (50) | 8947.43 | Buy |
| EMA (50) | 9413.97 | Buy |
| SMA (100) | 8898.12 | Buy |
| EMA (100) | 9013.33 | Buy |
| SMA (200) | 8655.34 | Buy |
| EMA (200) | 8777.47 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.15 | Neutral |
| MACD (12,26,9) | 386.53 | Sell |
| Stochastic (14,3,3) | 32.89 | Neutral |
| ADX (14) | 47.87 | Buy |
| Williams %R (14) | -78.18 | Neutral |
| ATR (14) | 487.61 | High Volatility |
| ROC (12) | -0.67 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 43.07 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan - RTA confirms Regulation 74(5) non-applicable for quarter ended Dec 31, 2025; all shares dematted. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - RTA confirms Regulation 74(5) non-applicable for quarter ended Dec 31, 2025; all shares dematted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc61e7cf-bbdf-48c7-b0bb-5c5b1c4e9ae3.pdf) |
| 29 Nov 2025 - Allotment of 22,44,000 shares at Rs13.05; Rs2.1963 crore received; post-issue shares 2,62,89,250 | [Announcement under Regulation 30 (LODR)-Allotment 29 Nov 2025 - Allotment of 22,44,000 shares at Rs13.05; Rs2.1963 crore received; post-issue shares 2,62,89,250](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd5e3977-82da-4da9-a556-05b3aaa4d469.pdf) |
| 23 Nov 2017 - Intimation under Regulation 30 of the SEBI( LODR) Regulations,2015 | [Updates 23 Nov 2017 - Intimation under Regulation 30 of the SEBI( LODR) Regulations,2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e3a5d8a-ab5d-4a50-9639-bbe4eb9da09f.pdf) |
| 21 Jan - Responded to BSE on Jan 21, 2026: no price-sensitive information; volatility market-driven. | [Clarification Sought On Significant Movement In Price 21 Jan - Responded to BSE on Jan 21, 2026: no price-sensitive information; volatility market-driven.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5c47b54-27b7-4ab5-910c-e8818b4297ba.pdf) |
| 21 Jan - BSE approved trading of 2,244,000 equity shares (Rs10, Rs3.05 premium) effective Jan 20, 2026. | [Announcement Under Regulation 30 (LODR)- Intimation Of Trading Approval Received For 22,44,000/- Equity Shares. 21 Jan - BSE approved trading of 2,244,000 equity shares (Rs10, Rs3.05 premium) effective Jan 20, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5bf4a40-fbac-4432-b816-5ed7a1817ddf.pdf) |
| 18 Oct 2017 - Subject Certificate as per Regn. 40( 9) is attached | [PCS Certificate For Transfer,Transmission & Transposition Etc. For Qtr. Sept'17 18 Oct 2017 - Subject Certificate as per Regn. 40( 9) is attached](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=565fd615-e1c3-45b8-8035-9137fb7ea822.pdf) |
| 18 Oct 2017 - Certificate as per Regn. 40( 9) is attached | [PCS Certificate For Transfer,Transmission & Transposition Etc. For Qtr. Sept'17 18 Oct 2017 - Certificate as per Regn. 40( 9) is attached](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/10/565fd615-e1c3-45b8-8035-9137fb7ea822.pdf) |
| 10 Oct 2017 - There was no Investor Complaints during the period under Report | [Statement Of Investor Complaints For Qtr. Sept.2017 10 Oct 2017 - There was no Investor Complaints during the period under Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=209662f7-4996-4ad0-882b-64a23090b3db.pdf) |
| 10 Oct 2017 - Compliance Certificate as per format under Regulation 7(3)is attached | [Compliance Certificate For The Period Ended September,2017 10 Oct 2017 - Compliance Certificate as per format under Regulation 7(3)is attached](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e93485dd-1e2a-44f7-8755-b06638f5b067.pdf) |
| 10 Oct 2017 - Compliance Certificate as per format under Regulation 7(3)is attached | [Compliance Certificate For The Period Ended September,2017 10 Oct 2017 - Compliance Certificate as per format under Regulation 7(3)is attached](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/10/e93485dd-1e2a-44f7-8755-b06638f5b067.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b4cc3c8-5d70-44a3-aec1-a01ea97e6730.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/377b8668-1746-4b58-97c7-1f4fac7a3c12.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50b58fb3-2d75-4eb1-9d4f-2360969e3e80.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/504960/5049600310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:40:58.753Z.