WEBSITE BSE:500510 NSE : LARSEN & TOU 24 Jan, 16:01
Market Cap ₹475486 Cr.
Stock P/E 30.5
P/B 5.3
Current Price ₹3457.8
Book Value ₹ 648.9
Face Value 2
52W High ₹3963
Dividend Yield 0.98%
52W Low ₹ 3175.5
Larsen & Toubro Limited is engaged in engineering, procurement and construction (EPC) projects offerings. It presents solar photo voltaic (PV) based power plant supporting customers save on the electricity bills and contribute to the reduction of GHG emissions from intake of oblique electricity. Its segments consist of Infrastructure, that is engaged in engineering and construction of buildings and factories, transportation infrastructure and heavy civil infrastructure; Power, which offers solution for totally coal-based and primarily gasoline-based thermal energy plants; Heavy Engineering, which manufactures and resources custom designed, engineered essential device and structures; Defense Engineering, that's engaged in designing, development, serial manufacturing and supporting of gadget, structures and structures of defense and aerospace sectors, and Other section includes communication tasks, marketing and servicing of construction and mining equipment and elements.
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#(Fig in Cr.) | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 35853 | 42763 | 46390 | 58335 | 47882 | 51024 | 55128 | 67079 | 55120 | 61555 |
Other Income | 695 | 739 | 755 | 741 | 1146 | 1133 | 838 | 1042 | 921 | 1101 |
Total Income | 36548 | 43501 | 47145 | 59076 | 49028 | 52157 | 55966 | 68120 | 56040 | 62656 |
Total Expenditure | 30443 | 36400 | 39736 | 49981 | 41566 | 43984 | 47929 | 58426 | 48074 | 53638 |
Operating Profit | 6105 | 7101 | 7409 | 9095 | 7462 | 8173 | 8036 | 9695 | 7966 | 9018 |
Interest | 2212 | 2304 | 2383 | 2334 | 2299 | 2272 | 2344 | 2345 | 2292 | 2439 |
Depreciation | 963 | 860 | 825 | 854 | 830 | 910 | 921 | 1021 | 998 | 1024 |
Exceptional Income / Expenses | 0 | 0 | 136 | 0 | 0 | 0 | 0 | 94 | 0 | 0 |
Profit Before Tax | 2929 | 3937 | 4336 | 5907 | 4332 | 4991 | 4772 | 6422 | 4677 | 5555 |
Provision for Tax | 636 | 1117 | 1271 | 1461 | 1216 | 1136 | 1177 | 1418 | 1237 | 1442 |
Profit After Tax | 2293 | 2819 | 3066 | 4447 | 3116 | 3856 | 3595 | 5004 | 3440 | 4113 |
Adjustments | -591 | -590 | -513 | -460 | -623 | -633 | -647 | -607 | -654 | -718 |
Profit After Adjustments | 1702 | 2229 | 2553 | 3987 | 2493 | 3223 | 2947 | 4396 | 2786 | 3395 |
Adjusted Earnings Per Share | 12.1 | 15.9 | 18.2 | 28.4 | 17.7 | 23.4 | 21.4 | 32 | 20.3 | 24.7 |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 85128 | 92005 | 101122 | 109312 | 119683 | 135220 | 145452 | 135979 | 156521 | 183341 | 221113 | 238882 |
Other Income | 1040 | 1103 | 920 | 1492 | 4807 | 3909 | 4946 | 6128 | 6972 | 5822 | 5904 | 3902 |
Total Income | 86169 | 93107 | 102042 | 110804 | 124490 | 139129 | 150398 | 142107 | 163493 | 189162 | 227017 | 242782 |
Total Expenditure | 71101 | 76349 | 85432 | 92651 | 103128 | 114218 | 123235 | 114907 | 136595 | 158937 | 193089 | 208067 |
Operating Profit | 15068 | 16758 | 16611 | 18153 | 21362 | 24911 | 27163 | 27200 | 26898 | 30225 | 33928 | 34715 |
Interest | 6494 | 7266 | 6899 | 7017 | 7917 | 9547 | 11269 | 12060 | 9552 | 9750 | 9822 | 9420 |
Depreciation | 1446 | 2623 | 1787 | 2370 | 1929 | 1923 | 2462 | 2904 | 2948 | 3502 | 3682 | 3964 |
Exceptional Income / Expenses | 355 | 348 | 94 | 121 | 123 | 295 | 0 | -3556 | 97 | 136 | 94 | 94 |
Profit Before Tax | 7483 | 7217 | 8020 | 8887 | 11639 | 13735 | 13431 | 8680 | 14495 | 17109 | 20517 | 21426 |
Provision for Tax | 2608 | 2253 | 2437 | 2007 | 3199 | 4067 | 3263 | 4011 | 4204 | 4484 | 4947 | 5274 |
Profit After Tax | 4875 | 4964 | 5583 | 6881 | 8440 | 9668 | 10168 | 4669 | 10291 | 12625 | 15570 | 16152 |
Adjustments | 27 | -199 | -1350 | -840 | -1070 | -763 | -619 | 6914 | -1622 | -2154 | -2511 | -2626 |
Profit After Adjustments | 4902 | 4765 | 4233 | 6041 | 7370 | 8905 | 9549 | 11583 | 8669 | 10471 | 13059 | 13524 |
Adjusted Earnings Per Share | 35.3 | 34.2 | 30.3 | 43.2 | 52.6 | 63.5 | 68 | 82.5 | 61.7 | 74.5 | 95 | 98.4 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | 21% | 18% | 10% | 10% |
Operating Profit CAGR | 12% | 8% | 6% | 8% |
PAT CAGR | 23% | 49% | 10% | 12% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | -4% | 22% | 21% | 12% |
ROE Average | 18% | 15% | 14% | 14% |
ROCE Average | 15% | 13% | 12% | 12% |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Shareholder's Funds | 37712 | 40909 | 44180 | 50217 | 54904 | 62375 | 66723 | 75869 | 82408 | 89326 | 86359 |
Minority's Interest | 3179 | 4999 | 2893 | 3564 | 5201 | 6826 | 9521 | 12052 | 12966 | 14241 | 16190 |
Borrowings | 58412 | 68469 | 61224 | 67341 | 72915 | 74121 | 82331 | 82120 | 61618 | 61218 | 56507 |
Other Non-Current Liabilities | 1864 | 2092 | 11 | -200 | -1172 | -2196 | 989 | 1129 | 795 | -483 | 106 |
Total Current Liabilities | 70190 | 79097 | 85033 | 88030 | 107812 | 133799 | 142745 | 137405 | 159361 | 162066 | 176601 |
Total Liabilities | 171357 | 195565 | 193354 | 210445 | 241123 | 274928 | 304294 | 308577 | 317227 | 326368 | 335764 |
Fixed Assets | 32397 | 34738 | 14176 | 13064 | 14234 | 16939 | 39939 | 40673 | 38982 | 39281 | 40772 |
Other Non-Current Assets | 51026 | 64656 | 71726 | 75540 | 85258 | 91198 | 81665 | 72937 | 70042 | 64882 | 76911 |
Total Current Assets | 87595 | 95835 | 105873 | 120192 | 140118 | 166784 | 178323 | 194961 | 207372 | 221216 | 217075 |
Total Assets | 171357 | 195565 | 193354 | 210445 | 241123 | 274928 | 304294 | 308577 | 317227 | 326368 | 335764 |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 3604 | 4087 | 4403 | 3790 | 3545 | 6799 | 6460 | 11325 | 13374 | 13770 | 16927 |
Cash Flow from Operating Activities | -7143 | -1365 | -3240 | 6655 | -10031 | -4756 | 6694 | 23074 | 19164 | 22777 | 18266 |
Cash Flow from Investing Activities | -5510 | -4778 | -4627 | -9796 | 3915 | -11023 | -8256 | -5659 | -3668 | -8312 | 2163 |
Cash Flow from Financing Activities | 13136 | 7903 | 7253 | 2896 | 9370 | 15440 | 6372 | -15274 | -15181 | -11572 | -25413 |
Net Cash Inflow / Outflow | 483 | 1759 | -613 | -245 | 3254 | -338 | 4809 | 2141 | 314 | 2893 | -4984 |
Closing Cash & Cash Equivalent | 4087 | 5846 | 3790 | 3545 | 6799 | 6460 | 11118 | 13374 | 13770 | 16927 | 11959 |
# | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Earnings Per Share (Rs) | 35.26 | 34.17 | 30.29 | 43.17 | 52.59 | 63.48 | 68.02 | 82.47 | 61.7 | 74.5 | 95 |
CEPS(Rs) | 45.46 | 54.41 | 52.74 | 66.1 | 73.99 | 82.63 | 89.96 | 53.92 | 94.22 | 114.74 | 140.05 |
DPS(Rs) | 14.25 | 10.83 | 18.25 | 21 | 16 | 18 | 18 | 36 | 22 | 24 | 34 |
Book NAV/Share(Rs) | 267.68 | 290.4 | 314.18 | 356.67 | 389.53 | 442.26 | 472.41 | 537.43 | 583.87 | 632.22 | 624.22 |
Core EBITDA Margin(%) | 16.33 | 16.88 | 15.39 | 15.14 | 13.81 | 15.53 | 15.27 | 15.5 | 12.73 | 13.31 | 12.67 |
EBIT Margin(%) | 16.27 | 15.61 | 14.63 | 14.46 | 16.32 | 17.22 | 16.98 | 15.25 | 15.36 | 14.65 | 13.72 |
Pre Tax Margin(%) | 8.71 | 7.78 | 7.86 | 8.08 | 9.71 | 10.16 | 9.23 | 6.38 | 9.26 | 9.33 | 9.28 |
PAT Margin (%) | 5.68 | 5.35 | 5.47 | 6.25 | 7.04 | 7.15 | 6.99 | 3.43 | 6.57 | 6.89 | 7.04 |
Cash Profit Margin (%) | 7.36 | 8.18 | 7.23 | 8.41 | 8.65 | 8.57 | 8.68 | 5.57 | 8.46 | 8.8 | 8.71 |
ROA(%) | 3.08 | 2.71 | 2.87 | 3.41 | 3.74 | 3.75 | 3.51 | 1.52 | 3.29 | 3.92 | 4.7 |
ROE(%) | 13.83 | 12.78 | 13.23 | 14.67 | 16.15 | 16.58 | 15.84 | 6.58 | 13.07 | 14.78 | 17.83 |
ROCE(%) | 12.6 | 11.32 | 11.19 | 11.5 | 12.76 | 13.29 | 12.49 | 9.97 | 11.61 | 12.98 | 14.86 |
Receivable days | 104.96 | 111.11 | 100.42 | 90.77 | 94.1 | 94.43 | 97.34 | 111.34 | 103.04 | 90.45 | 77.17 |
Inventory Days | 22.73 | 23.68 | 20.34 | 14.92 | 13.68 | 15.2 | 15.26 | 15.52 | 13.72 | 12.71 | 11.1 |
Payable days | 235.71 | 253.77 | 259.29 | 278.83 | 309.73 | 314.81 | 330.4 | 388.71 | 355.3 | 306.46 | 246.15 |
PER(x) | 24.06 | 33.54 | 26.76 | 24.36 | 24.95 | 21.8 | 11.86 | 17.2 | 28.65 | 29.06 | 39.73 |
Price/Book(x) | 3.17 | 3.95 | 2.58 | 2.95 | 3.37 | 3.13 | 1.71 | 2.64 | 3.03 | 3.42 | 6.05 |
Dividend Yield(%) | 1.12 | 0.95 | 1.5 | 1.33 | 1.22 | 1.3 | 2.23 | 2.54 | 1.24 | 1.11 | 0.9 |
EV/Net Sales(x) | 2.32 | 2.69 | 1.94 | 2.16 | 2.37 | 2.28 | 1.64 | 2.32 | 2.25 | 2.18 | 2.79 |
EV/Core EBITDA(x) | 13.12 | 14.78 | 11.8 | 12.99 | 13.26 | 12.36 | 8.8 | 11.6 | 13.12 | 13.24 | 18.2 |
Net Sales Growth(%) | 14.27 | 8.08 | 9.91 | 8.1 | 9.49 | 12.98 | 7.57 | -6.51 | 15.11 | 17.13 | 20.6 |
EBIT Growth(%) | 13.82 | 3.62 | 3.01 | 6.61 | 22.96 | 19.06 | 6.09 | -16.04 | 15.95 | 11.69 | 12.96 |
PAT Growth(%) | -7.18 | 1.82 | 12.46 | 23.25 | 22.66 | 14.55 | 5.17 | -54.08 | 120.41 | 22.68 | 23.33 |
EPS Growth(%) | -6.22 | -3.08 | -11.35 | 42.5 | 21.82 | 20.71 | 7.14 | 21.24 | -25.18 | 20.74 | 27.52 |
Debt/Equity(x) | 2.25 | 2.31 | 2.01 | 1.88 | 1.97 | 2.02 | 2.13 | 1.76 | 1.51 | 1.33 | 1.33 |
Current Ratio(x) | 1.25 | 1.21 | 1.25 | 1.37 | 1.3 | 1.25 | 1.25 | 1.42 | 1.3 | 1.37 | 1.23 |
Quick Ratio(x) | 1.17 | 1.13 | 1.19 | 1.32 | 1.25 | 1.2 | 1.21 | 1.38 | 1.26 | 1.32 | 1.19 |
Interest Cover(x) | 2.15 | 1.99 | 2.16 | 2.27 | 2.47 | 2.44 | 2.19 | 1.72 | 2.52 | 2.75 | 3.09 |
Total Debt/Mcap(x) | 0.71 | 0.59 | 0.78 | 0.64 | 0.58 | 0.65 | 1.24 | 0.67 | 0.5 | 0.39 | 0.22 |
# | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FII | 21.77 | 22.94 | 24.12 | 24.94 | 25.34 | 25.11 | 23.99 | 22.51 | 21.39 | 20.54 |
DII | 40.24 | 39.53 | 38.43 | 37.82 | 36.98 | 37.13 | 37.82 | 38.63 | 40.19 | 41.36 |
Public | 36.69 | 36.22 | 36.19 | 36.02 | 36.43 | 36.46 | 36.81 | 37.5 | 37.12 | 36.9 |
Others | 1.29 | 1.32 | 1.26 | 1.22 | 1.25 | 1.3 | 1.37 | 1.36 | 1.29 | 1.21 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FII | 30.59 | 32.23 | 33.91 | 35.05 | 34.83 | 34.52 | 32.98 | 30.95 | 29.42 | 28.24 |
DII | 56.55 | 55.55 | 54.01 | 53.16 | 50.82 | 51.03 | 51.99 | 53.11 | 55.26 | 56.87 |
Public | 51.56 | 50.9 | 50.86 | 50.63 | 50.08 | 50.11 | 50.61 | 51.55 | 51.04 | 50.74 |
Others | 1.82 | 1.85 | 1.76 | 1.72 | 1.71 | 1.79 | 1.88 | 1.87 | 1.78 | 1.66 |
Total | 140.52 | 140.54 | 140.55 | 140.56 | 137.44 | 137.45 | 137.47 | 137.48 | 137.5 | 137.51 |
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