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Larsen & Toubro Ltd (LT)

₹3651.60.06%

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🔔 Expansion Alert

L&T eyes offshore wind projects, plans to bid for projects abroad and in India

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 33 analysts

BUY

87.50%

Buy

6.25%

Hold

6.25%

Sell

Based on 33 analysts offering long term price targets for Larsen & Toubro Ltd. An average target of ₹3936.85

Source: S&P Global Market Intelligence

Larsen & Toubro Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹3,637
    ₹3,674
  • 52 Week's Low

    52 Week's High

    ₹2,446.25
    ₹3,919.9
1 Month Return-1.08 %
3 Month Return+ 1.35 %
1 Year Return+ 47.82 %
Previous Close₹3,649.35
Open₹3,670.00
Volume9.42L
Upper Circuit-
Lower Circuit-
Market Cap₹5,01,730.19Cr

Key Statistics

P/E Ratio38.78
PEG Ratio1.98
Market Cap₹5,01,730.19 Cr
P/B Ratio8.05
EPS77.09

Mutual Fund Holdings

Funds HoldingsPrev. 6M
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth6.15%
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option2.49%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth4.47%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth3.96%
HDFC Top 100 Fund -Direct Plan - Growth OptionHDFC Top 100 Fund -Direct Plan - Growth Option5.64%

Company Information

Larsen & Toubro Ltd (L&T) is an Indian multinational conglomerate with headquarters in Mumbai, India. Incorporated in 1938, it is one of India's largest engineering, manufacturing and construction companies. It operates in multiple business lines including technology, engineering, construction, manufacturing, and financial services.

L&T's business operations span across multiple industries, including infrastructure, power, heavy engineering, construction, real estate, manufacturing, and financial services. Its top products include heavy engineering products, construction equipment, construction materials, and engineering services. The company's popular brands include L&T Valves, L&T Switchgear, L&T Technology Services, L&T Power, and L&T Constructions.

L&T also has international operations in more than 30 countries, with key markets in the Middle East, Africa, and Southeast Asia. The company has a wide portfolio of products and services, ranging from engineering and construction to financial services. It also provides solutions for the energy, transportation, and defense sectors.

Share Price: ₹3651.60 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹5,01,730.19Cr as of today
Revenue: ₹67,078.68Cr as on March 2024 (Q1 24)
Net Profit: ₹5,003.54Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: A M Naik
OrganisationLarsen & Toubro Ltd
Headquarters
IndustryInfrastructure Developers & Operators
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    09:01 AM

    -

    L&T acquires land at Kandla port for green power projects, plans to acquire more in Odisha.

    12:29 PM

    -

    ISpA demands reduction of tax-rate on interest on foreign borrowings and expansion of GST to launch vehicles.

    01:18 PM

    -

    L&T eyes offshore wind projects abroad and in India to expand its EPC offerings in renewable energy space.

Key events for Larsen & Toubro Ltd

  • L&T Expands Renewable Energy Offerings with Offshore Wind Projects and Green Power Plans - 15 Jul, 2024

    Larsen & Toubro is expanding its engineering, procurement and construction (EPC) offerings in the renewable energy space by bidding for offshore wind projects abroad and preparing for opportunities emerging in India. The company also plans to develop greenfield projects at ports for easy access to the export market. Additionally, ISpA has demanded a reduction of tax-rate on interest on foreign borrowings and expansion of GST to launch vehicles.

  • L&T Eyes Mega Projects in Middle East, Emerges as Major Defence Equipment Supplier - 14 Jul, 2024

    Larsen & Toubro (L&T) is in talks with global EPC giants to form joint ventures for mega projects in the Middle East's oil-to-chemicals space. The company has also emerged as a major player in the private sector for defence equipment supply. Anand Rathi recommends buying L&T at ₹3650 with a stop loss of ₹3900 and a target of ₹3500.

  • Larsen & Toubro Ltd's High P/E Ratio Raises Concerns - 13 Jul, 2024

    Larsen & Toubro Ltd has a high P/E ratio of 38.7x, which may be sending bearish signals. However, the company has been growing its earnings faster than most other companies, and many are expecting the strong earnings performance to persist. The next three years should generate growth of 23% per annum as estimated by analysts watching the company. The high P/E ratio sits above the majority of other companies, and apparently many investors in the company are more bullish than analysts indicate.

  • L&T Divisions Make Progress in Nuclear and Defense Sectors - 12 Jul, 2024

    Larsen & Toubro's Heavy Engineering division delivers a steam generator well ahead of schedule, while its Precision Engineering Systems is outsourced the construction of two Fleet Support Ships. These developments highlight L&T's commitment to India's nuclear energy and defense programs.

  • L&T Forms Subsidiary in Uzbekistan for EPC Business - 11 Jul, 2024

    Larsen & Toubro's wholly owned subsidiary, L&T International FZE, has formed a new subsidiary company, L&T CIS, for the purpose of Engineering Procurement & Construction (EPC) business in Uzbekistan. Meanwhile, L&T was among the top drags on Indian stock market benchmarks - Sensex and Nifty 50 - which closed flat on July 11.

  • L&T Commissions Hydrogen Electrolyser and Secures Order for FSS Construction - 10 Jul, 2024

    Larsen & Toubro's subsidiary, L&T Semiconductor Technologies, acquired SiliConch Systems. The company also commissioned its first indigenously manufactured hydrogen electrolyser and secured an order from Hindustan Shipyard for partial construction of two Fleet Support Ships.

  • L&T Secures Contract and Acquires Stake in Semiconductor Business - 09 Jul, 2024

    Larsen & Toubro's precision engineering systems business vertical has secured a significant contract to build two fleet support ships for the Indian Navy, while its subsidiary L&T Semiconductor Technologies will acquire SiliConch Systems for Rs 183 crore to strengthen its presence in the fabless semiconductor business.

  • L&T Renewable Arm Secures Mega Solar Orders - 08 Jul, 2024

    Larsen & Toubro's renewable subsidiary has secured a mega order to build two gigawatt-scale solar PV plants with a combined capacity of 3.5 GW in the Middle East. The scope includes grid interconnections and initial construction work will commence shortly. L&T's renewables portfolio is set to reach a cumulative capacity of 22 GWp.

  • L&T Announces Orders Worth Rs 18,300 Crore; Indigenous Light Tank Undergoes Trials - 07 Jul, 2024

    Larsen & Toubro (L&T) announces orders worth Rs 18,300 crore. L&T and DRDO's indigenous Light Tank Zorawar undergoes first round of trials in Gujarat.

  • Larsen & Toubro Advances in Indigenous Tank Trials - 06 Jul, 2024

    DRDO and L&T's indigenous Light Tank Zorawar is progressing well, with USVs integrated in loitering munitions. Additionally, big players like GMR Group and Renew support a holding company level consolidation concept for income tax assessment.

  • L&T Receives Positive Analyst Views - 05 Jul, 2024

    Goldman Sachs has raised its target price for L&T while maintaining a buy view, expecting core revenue growth of 13%. Other analysts also predict strong Q1FY25 revenue growth for the company and others in the sector due to a rising order book.

  • L&T Leverages Technology for Sustainable Progress - 04 Jul, 2024

    Larsen & Toubro (L&T) leverages technology for sustainable progress, including generative AI and green energy. The company's order book comprises 62% from the domestic market, while Fitch Ratings affirmed its BBB+ rating with a stable outlook. L&T also assured shareholders about project-related leakages and addressed queries related to demerger, divestment, and share split.

  • Fitch Affirms L&T's Rating with Stable Outlook - 03 Jul, 2024

    Fitch Ratings has affirmed a BBB+ rating and stable outlook for Larsen & Toubro (L&T), highlighting the company's robust market position in engineering and construction, above-average profitability, and solid revenue visibility.

  • L&T Bags Orders Worth Billions; Faces Labour Shortage - 02 Jul, 2024

    Larsen & Toubro (L&T) has secured multiple significant orders worth billions from ONGC and Saudi Aramco. UBS maintains a buy rating on the company, expecting better margins and execution in FY25/26. However, L&T is facing a shortage of 25,000-30,000 labourers amid clients accelerating project execution.

  • Larsen & Toubro's L&T Energy Hydrocarbon Wins Order from ONGC - 01 Jul, 2024

    Larsen & Toubro's subsidiary, L&T Energy Hydrocarbon, has secured a significant order from Oil & Natural Gas Corporation (ONGC) for the eighth phase of Pipeline Replacement Project off India's west coast. The project is valued between Rs 1,000-2,500 crore and involves engineering, procurement, construction, installation & commissioning of subsea pipelines and associated modification works.

  • L&T's Construction Arm Secures Order from NPCIL - 30 Jun, 2024

    Larsen & Toubro's construction arm has secured a significant order from Nuclear Power Corporation of India Limited (NPCIL) for its heavy civil infrastructure business to build natural draught cooling towers and a cooling water pump house for the Rawatbhata Atomic Power Project.

  • L&T Faces Shortage of Skilled and Unskilled Manpower - 29 Jun, 2024

    Larsen & Toubro (L&T) is facing a shortage of skilled and unskilled manpower, which is affecting the completion of projects requested by clients. The shortage comes at a time when clients are asking for faster project completion due to economic growth.

  • L&T Faces Labour Shortage, Secures IOC Contract Amid Criticism Over Compensation - 28 Jun, 2024

    Larsen & Toubro Limited faces criticism over CEO compensation, clarifies non-involvement in Delhi Airport roof collapse. The company also secures a large contract from Indian Oil Corp amid a shortage of 25,000-30,000 laborers.

  • Larsen & Toubro Chairman Resigns; Analyst Sees Strong Opportunity - 27 Jun, 2024

    Chairman emeritus AM Naik resigns from L&T Group's IT subsidiaries. Sandip Sabharwal sees strong opportunity for the company with a robust order flow and potential EPS of 60-70 next year.

  • Larsen & Toubro Faces Shortage of Workers and Engineers - 26 Jun, 2024

    Larsen & Toubro is experiencing a shortage of over 45,000 workers and engineers. Additionally, AM Naik has stepped down from the board of LTI Mindtree and resigned from his roles at LTTS.

Insights on Larsen & Toubro Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 49.02K Cr → 68.23K Cr (in ₹), with an average increase of 10.3% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, LT stock has moved up by 0.5%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 2.94K Cr → 4.39K Cr (in ₹), with an average increase of 33.0% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 36.33% to 36.68% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 16.79% to 17.61% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Rail Vikas Nigam Ltd has given 423.8% return, outperforming this stock by 376.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Rail Vikas Nigam Ltd has given 1874.0% return, outperforming this stock by 1747.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 25.16% to 24.03% in Mar 2024 quarter

Larsen & Toubro Ltd Infographics

Larsen & Toubro Ltd Q2 FY2023-2024 Results: Key Insights

Let's find out how Larsen & Toubro performed this quarter (Q2FY24)

  • Let's find out how Larsen & Toubro performed this quarter (Q2FY24)
  • Revenue from operations grew by 19% as the revenue from infrastructure increases
  • Revenue segments - infrastructure projects accounts for almost 50% of the revenue
  • Total expense rose by 19% due to increase in subcontracting fee
  • Net profits grew by 45% due increase in new order inflows
  • Revenue by geography- middle east accounts to more than 50% of the business
  • The consolidated order book is at ₹ 450,734 crore as on September 30, 2023

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹67,078.68Cr
↑21.68%
Net Income
₹5,003.54Cr
↑39.20%
Net Profit Margin
7.46%
↑14.42%
2024Y/Y Change
Revenue
₹2,21,112.91Cr
↑20.60%
Net Income
₹15,569.72Cr
↑23.33%
Net Profit Margin
7.04%
↑2.18%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹1,75,689.51Cr
↑1.60%
Total Liabilities
₹1,11,273.47Cr
↑9.74%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹8,293.55Cr
↑14.17%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
24.03%
0.00
Mutual Funds
17.61%
0.00
Retail Investors
36.68%
0.00
Others
21.68%
0.00

Key Indicators

Larsen & Toubro Ltd Valuation

Larsen & Toubro Ltd in the last 5 years

  • Overview

  • Trends

Lowest (10.17x)

March 24, 2020

Today (38.78x)

July 12, 2024

Industry (109.77x)

July 12, 2024

Highest (41.59x)

March 28, 2024

LowHigh

Earnings and Dividends

  • Larsen & Toubro Ltd Earnings Results

    Larsen & Toubro Ltd’s net profit jumped 10.27% since last year same period to ₹4,396.12Cr in the Q4 2023-2024. On a quarterly growth basis, Larsen & Toubro Ltd has generated 49.15% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Larsen & Toubro Ltd Dividends May,2024

    In the quarter ending March 2024, Larsen & Toubro Ltd has declared dividend of ₹28 - translating a dividend yield of 1.59%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Larsen & Toubro Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Larsen & Toubro Ltd (LT) share price today is ₹3651.6

Larsen & Toubro Ltd is listed on NSE

Larsen & Toubro Ltd is listed on BSE

  • Today’s highest price of Larsen & Toubro Ltd is ₹3674.
  • Today’s lowest price of Larsen & Toubro Ltd is ₹3637.

PE Ratio of Larsen & Toubro Ltd is 38.78

PE ratio = Larsen & Toubro Ltd Market price per share / Larsen & Toubro Ltd Earnings per share

Today’s traded volume of Larsen & Toubro Ltd(LT) is 9.42L.

Today’s market capitalisation of Larsen & Toubro Ltd(LT) is ₹501730.19Cr.

Larsen & Toubro Ltd(LTPrice
52 Week High
₹3919.9
52 Week Low
₹2446.25

Larsen & Toubro Ltd(LT) share price is ₹3651.6. It is down -6.84% from its 52 Week High price of ₹3919.9

Larsen & Toubro Ltd(LT) share price is ₹3651.6. It is up 49.27% from its 52 Week Low price of ₹2446.25

Larsen & Toubro Ltd(LTReturns
1 Day Returns
2.25%
1 Month Returns
-1.08%
3 Month Returns
1.35%
1 Year Returns
47.82%