Larsen & Toubro Ltd

Larsen & Toubro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Larsen & Toubro Ltd

₹ 3,484 -0.64%
21 Nov - close price
larsentoubro.com BSE: 500510 NSE: LT
About

Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets.[1]

Key Points

Business segments
[1]

Website BSE NSE
  • Market Cap ₹ 4,78,979 Cr.
  • Current Price ₹ 3,484
  • High / Low ₹ 3,949 / 3,035
  • Stock P/E 49.3
  • Book Value ₹ 480
  • Dividend Yield 0.80 %
  • ROCE 14.7 %
  • ROE 12.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 44.2%
  • Company's working capital requirements have reduced from 34.8 days to 25.8 days

Cons

  • Stock is trading at 7.26 times its book value
  • The company has delivered a poor sales growth of 8.94% over past five years.
  • Company has a low return on equity of 11.9% over last 3 years.
  • Contingent liabilities of Rs.1,46,872 Cr.
  • Earnings include an other income of Rs.5,578 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

Part of BSE Sensex Nifty 50 BSE 500 BSE Capital Goods BSE 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
21,288 25,665 37,439 20,212 25,770 27,785 36,734 26,931 28,151 31,601 39,553 30,279 34,918
19,586 23,565 33,570 18,666 23,862 25,469 33,210 25,057 26,230 29,142 36,122 28,294 31,964
Operating Profit 1,702 2,100 3,870 1,546 1,908 2,317 3,524 1,873 1,921 2,459 3,431 1,985 2,955
OPM % 8% 8% 10% 8% 7% 8% 10% 7% 7% 8% 9% 7% 8%
1,548 924 703 568 1,554 833 1,080 1,256 2,236 1,226 1,071 2,449 833
Interest 424 415 441 504 579 508 534 547 584 630 644 567 583
Depreciation 290 287 308 342 338 335 357 379 416 438 518 481 505
Profit before tax 2,536 2,322 3,824 1,267 2,546 2,307 3,713 2,204 3,157 2,616 3,339 3,385 2,700
Tax % 15% 21% 24% 28% 17% 21% 19% 19% 14% 18% 20% 13% 26%
2,146 1,823 2,901 911 2,109 1,825 3,003 1,792 2,710 2,136 2,666 2,961 1,993
EPS in Rs 15.28 12.98 20.65 6.48 15.01 12.99 21.37 12.75 19.72 15.54 19.39 21.54 14.50
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
51,539 56,525 56,942 63,177 65,724 74,463 82,287 82,384 87,255 101,000 110,501 126,236 136,351
45,964 49,725 50,293 57,004 59,186 66,678 74,545 75,444 78,869 91,867 100,527 116,470 125,521
Operating Profit 5,574 6,799 6,648 6,173 6,538 7,784 7,742 6,940 8,387 9,133 9,974 9,766 10,830
OPM % 11% 12% 12% 10% 10% 10% 9% 8% 10% 9% 9% 8% 8%
2,668 2,469 2,641 2,766 2,809 2,043 4,897 4,073 9,192 3,880 3,432 5,789 5,578
Interest 1,056 1,208 1,579 1,686 1,374 1,516 1,877 2,368 2,459 1,832 2,201 2,487 2,425
Depreciation 728 792 1,008 997 1,215 1,049 1,000 1,021 1,151 1,172 1,372 1,751 1,943
Profit before tax 6,458 7,268 6,701 6,256 6,758 7,262 9,763 7,624 13,969 10,009 9,833 11,316 12,041
Tax % 24% 24% 25% 20% 19% 26% 23% 12% 16% 21% 20% 18%
4,911 5,493 5,056 5,000 5,454 5,387 7,491 6,679 11,798 7,879 7,849 9,304 9,757
EPS in Rs 35.46 39.51 36.26 35.78 38.97 38.44 53.41 47.58 84.00 56.08 55.85 67.68 70.97
Dividend Payout % 23% 24% 30% 34% 24% 42% 34% 38% 43% 39% 43% 50%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 13%
TTM: 14%
Compounded Profit Growth
10 Years: 6%
5 Years: 7%
3 Years: -14%
TTM: 8%
Stock Price CAGR
10 Years: 12%
5 Years: 20%
3 Years: 23%
1 Year: 14%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 12%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 123 185 186 186 187 280 281 281 281 281 281 275 275
Reserves 29,020 33,476 36,899 41,949 45,826 48,894 49,768 51,895 61,457 66,833 71,247 64,141 65,674
8,834 11,459 12,937 13,924 10,558 10,561 11,990 25,942 24,664 20,477 18,339 22,812 23,543
34,447 33,184 36,883 43,561 45,667 55,871 62,622 63,439 73,513 80,912 82,558 88,055 88,609
Total Liabilities 72,424 78,305 86,904 99,621 102,238 115,607 124,660 141,557 159,916 168,502 172,424 175,283 178,101
8,305 7,675 7,487 7,268 7,045 6,941 8,592 7,840 9,165 9,113 9,756 11,040 10,922
CWIP 597 562 494 412 504 653 739 797 287 583 1,955 1,424 1,575
Investments 16,103 19,215 23,053 24,438 26,759 27,339 22,904 34,034 49,414 45,528 47,261 47,542 47,970
47,419 50,853 55,869 67,502 67,931 80,674 92,425 98,885 101,050 113,279 113,452 115,277 117,633
Total Assets 72,424 78,305 86,904 99,621 102,238 115,607 124,660 141,557 159,916 168,502 172,424 175,283 178,101

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,472 1,047 3,118 3,300 5,980 2,952 2,556 -121 9,561 5,999 7,264 8,294
1,434 -1,214 -1,884 -1,522 -46 1,787 1,585 -6,834 -2,780 4,555 -1,738 6,365
-3,316 504 -1,437 -2,464 -6,073 -3,489 -4,606 7,419 -6,698 -8,360 -7,441 -14,522
Net Cash Flow -410 337 -203 -687 -140 1,250 -464 464 82 2,193 -1,916 137

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 160 139 148 110 111 112 125 124 139 131 110 107
Inventory Days 34 30 33 26 24 30 35 29 29 26 25 23
Days Payable 226 247 275 296 324 370 378 383 405 384 309 266
Cash Conversion Cycle -32 -78 -94 -160 -190 -228 -218 -230 -237 -226 -174 -136
Working Capital Days 56 70 88 82 74 71 56 86 63 42 36 26
ROCE % 19% 18% 16% 13% 13% 14% 16% 13% 12% 13% 14% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
23.24% 22.42% 21.09% 22.12% 23.29% 24.48% 25.29% 25.72% 25.50% 24.36% 22.85% 21.72%
32.71% 33.49% 34.61% 40.49% 39.76% 38.64% 38.01% 37.16% 37.34% 38.08% 38.89% 40.44%
0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.24% 0.24%
43.82% 43.86% 44.07% 37.17% 36.70% 36.65% 36.47% 36.89% 36.93% 37.33% 38.01% 37.60%
No. of Shareholders 13,84,81814,92,12415,55,96614,78,38314,18,08614,25,06414,23,20214,07,11714,54,62415,64,08517,36,84416,89,155

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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