Larsen & Toubro Ltd.

NSE: LT BSE: 500510 SECTOR: Engineering - Construction

1704.35
-11.85 (-0.69%)
NSE: 20 Sep 04:12 PM

Price Summary

Today's High

₹ 1735

Today's Low

₹ 1699.95

52 Week High

₹ 1741.7

52 Week Low

₹ 843

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

Company Essentials

Market Cap

239402.55 Cr.

Enterprise Value

259447.98 Cr.

No. of Shares

140.47 Cr.

P/E

75.88

P/B

3.92

Face Value

₹ 2

Div. Yield

2.11%

Book Value (TTM)

₹  434.81

CASH

3763.28 Cr.

DEBT

23808.71 Cr.

Promoter Holding

0%

EPS (TTM)

₹  22.46

Sales Growth

-14.22%

ROE

20.17 %

ROCE

22.67 %

Profit Growth

69.74 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

Sales Growth

1 Year-14.22%
3 Year0.05%
5 Year3.37%

Profit Growth

1 Year69.74%
3 Year28.15%
5 Year17.79%

ROE%

1 Year20.17%
3 Year16.13%
5 Year14.44%

ROCE %

1 Year22.67%
3 Year19.16%
5 Year17.52%

Debt/Equity

0.3947

Price to Cash Flow

28.67

Interest Cover Ratio

6.68690560616806

CFO/PAT (5 Yr. Avg.)

0.542458157272039

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 0 0
Mar 2021 0 0
Dec 2020 0 0
Sep 2020 0 0
Jun 2020 0 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 28.1470497899625% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of -68.7206514785123 days.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 13.2864506702115.

 Limitations

  • The company has shown a poor revenue growth of 0.0518023462582118% for the Past 3 years.
  • Company has contingent liabilities of 37815.97 Cr.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 8149.99 15791.68 19619.81 29754.11 13109
Total Expenditure 7568.38 14560.85 17756 26164.21 12083.15
Operating Profit 581.61 1230.83 1863.81 3589.9 1025.85
Other Income 698.26 935.15 1127.66 674.37 670.49
Interest 708.45 656.4 567.81 486.89 466.92
Depreciation 234.76 249.42 240.42 301.02 260.27
Exceptional Items 0 -2818.65 0 0 0
Profit Before Tax 336.66 -1558.49 2183.24 3476.36 969.15
Tax 55.01 208.61 478.34 1009.32 219.18
Profit After Tax 281.65 -1767.1 1704.9 2467.04 749.97
Adjusted EPS (Rs) 2.01 -12.59 12.14 17.56 5.34

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 65723.86 74462.55 87217.98 86940.99 74578.33
Total Expenditure 59299.65 69645.13 79032.41 79546.02 67500.06
Operating Profit 6424.21 4817.42 8185.57 7394.97 7078.27
Other Income 2180.26 4761.59 3273.47 3441.53 15152.65
Interest 1525.41 1697.7 2069.98 2591.69 2749.65
Depreciation 1215.19 1049.46 999.55 1020.51 1025.62
Exceptional Items 893.97 430.53 1642.35 626.99 -2818.65
Profit Before Tax 6757.84 7262.38 10031.86 7851.29 15637
Tax 1304.1 1875.08 2540.47 1172.08 4300.03
Net Profit 5453.74 5387.3 7491.39 6679.21 11336.97
Adjusted EPS (Rs.) 38.97 38.44 53.41 47.58 80.72

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 186.59 280.27 280.55 280.78 280.91
Total Reserves 45826.15 48893.98 49767.87 51894.57 60132.63
Borrowings 7134.28 5495.16 3772.07 7185.71 15868.21
Other N/C liabilities 277.89 182.16 -261.97 -612.95 287.64
Current liabilities 48528.31 60354.49 70259.35 81380.28 70889.17
Total Liabilities 101953.22 115206.06 123817.87 140128.39 147458.56
Assets
Net Block 7044.59 6940.53 8571.92 7840.37 8356.58
Capital WIP 302.53 452.1 587.39 796.55 236.12
Intangible WIP 201.25 200.77 171.69 0.66 48.01
Investments 19776.81 22994.26 18197.3 27975.28 28569.12
Loans & Advances 4028.24 4796.92 4653.4 7575.94 6213.1
Other N/C Assets 500.33 419.09 577 304.48 403.84
Current Assets 70099.47 79402.39 91059.17 95635.11 103631.79
Total Assets 101953.22 115206.06 123817.87 140128.39 147458.56
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 5863.87 7262.38 10031.86 7224.3 18455.65
Adjustment 1027.8 676.1 -1410.66 973.1 -11190.53
Changes in Assets & Liabilities 607.49 -3222.16 -3377.46 -6582.4 2683.84
Tax Paid -1519.47 -1764.32 -2687.32 -1736.3 -1598.17
Operating Cash Flow 5979.69 2952 2556.42 -121.3 8350.79
Investing Cash Flow -46.44 1786.87 1585.19 -6833.81 -591.89
Financing Cash Flow -6073.16 -3489.36 -4605.59 7418.62 -7851.77
Net Cash Flow -139.91 1249.51 -463.98 463.51 -92.87

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 0 0 0 0 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 44.67 46.06 45.09 44.28 44.14
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 54.83 53.44 54.41 55.19 55.63

Ratings & Research Reports

Company Presentations

Company News

Larsen & Toubro informs about press release20 Sep 2021, 11:30AM L&T's arm bags order from Petronet LNG20 Sep 2021, 11:12AM Larsen & Toubro informs about analyst meet18 Sep 2021, 12:49PM L&T's construction arm secures order for Water and Effluent Treatment business7 Sep 2021, 11:07AM Larsen & Toubro informs about details of loss of share certificate31 Aug 2021, 5:01PM L&T’s arm wins two prestigious awards31 Aug 2021, 4:38PM L&T flags-off first set of piperack modules to HPCL’s Visakh Refinery31 Aug 2021, 12:37PM L&T concludes divestment of 100% stake in hydroelectric power plant in Uttarakhand31 Aug 2021, 11:15AM L&T completes sale of entire stake in L&T Uttaranchal Hydropower31 Aug 2021, 10:16AM L&T's construction arm wins orders for various businesses30 Aug 2021, 11:24AM Larsen & Toubro informs about press release30 Aug 2021, 10:53AM L&T completes hiring of over 1,800 freshers through campus recruitment27 Aug 2021, 10:35AM L&T's Heavy Engineering arm bags order for Titanium Clad Oxidation Reactor 13 Aug 2021, 10:27AM L&T signs agreement to divest Singoli-Bhatwari Hydroelectric Project11 Aug 2021, 2:02PM Larsen & Toubro informs about press release11 Aug 2021, 12:26PM L&T’s Heavy Engineering arm flags off complex tubular reactors to China ahead of schedule7 Aug 2021, 12:50PM L&T gets shareholders' nod to raise up to Rs 4,500 crore7 Aug 2021, 9:17AM L&T continues to focus on shareholder value creation by divesting non-core assets6 Aug 2021, 11:30AM L&T’s board approves merger of L&T Hydrocarbon Engineering28 Jul 2021, 12:31PM Larsen & Toubro informs about audio recording of earnings call27 Jul 2021, 12:21PM Larsen & Toubro reports above 3- fold jump in Q1 consolidated net profit27 Jul 2021, 10:59AM Larsen & Toubro informs about allotment of shares26 Jul 2021, 4:02PM L&T’s arm wins orders in India, abroad for various businesses19 Jul 2021, 10:17AM Larsen & Toubro informs about press release19 Jul 2021, 10:16AM Larsen & Toubro informs about update on sale2 Jul 2021, 11:05AM L&T completes sale of Nxt Digital Business to Mindtree2 Jul 2021, 9:57AM L&T's construction arm secures orders for various businesses in India1 Jul 2021, 10:58AM Larsen & Toubro Infotech informs about AGM21 Jun 2021, 2:44PM L&T's construction arm secures orders for various businesses9 Jun 2021, 2:19PM Larsen & Toubro to donate six oxygen plants to various Tamil Nadu government hospitals9 Jun 2021, 1:01PM Larsen & Toubro informs about press release7 Jun 2021, 2:42PM Larsen & Toubro Infotech informs about disclosure of related party transactions1 Jun 2021, 12:33PM L&T intensifies efforts to retain workforce post outbreak of second COVID-19 wave24 May 2021, 12:36PM L&T transfers NxT Digital Business to Mindtree21 May 2021, 10:23AM L&T wins Dubai’s Taqdeer Award for providing best working conditions for labour20 May 2021, 12:49PM Larsen & Toubro informs about transcript of earnings call19 May 2021, 3:26PM Larsen & Toubro’s arm inks pact to acquire 6.35% stake in Help Lightning INC19 May 2021, 10:24AM Larsen & Toubro reports 3% rise in Q4 consolidated net profit15 May 2021, 9:25AM L&T's construction arm secures orders for Heavy Civil Infrastructure business14 May 2021, 11:12AM Larsen & Toubro informs about press release14 May 2021, 10:37AM Larsen & Tourbo informs about board meeting6 May 2021, 4:16PM L&T working towards medical-grade oxygen demand 5 May 2021, 11:19AM Larsen & Toubro informs about press release5 May 2021, 10:55AM Larsen & Toubro informs about change in directorate4 May 2021, 2:05PM L&T bags 4th spot in LinkedIn’s ‘Top Companies’ List in India4 May 2021, 1:39PM L&T secures contract from Oilfields Supply Company22 Apr 2021, 10:46AM Larsen & Toubro informs about press release22 Apr 2021, 9:50AM L&T completes 75 years of construction, mining machinery business20 Apr 2021, 12:10PM Larsen & Toubro informs about certificate19 Apr 2021, 4:26PM L&T’s arm secures orders for various businesses16 Apr 2021, 11:16AM

Larsen & Toubro Stock Price Analysis and Quick Research Report. Is Larsen & Toubro an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Larsen & Toubro has a PE ratio of 75.8848070098888 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Larsen & Toubro has ROA of 7.88420336875508 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Larsen & Toubro has a Current ratio of 1.46188465741664 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Larsen & Toubro has a ROE of 20.1723022009967 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Larsen & Toubro has a D/E ratio of 0.3947 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Larsen & Toubro has an Inventory turnover ratio of 26.500438841175 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Larsen & Toubro has reported revenue growth of -14.2195988336457 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Larsen & Toubro for the current financial year is 9.49105457309114 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Larsen & Toubro is Rs 36 and the yield is 2.1059 %.

 

Brief about Larsen & Toubro

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