L&T Share Price, Stock Analysis & Company Profile
Larsen & Toubro Limited (L&T) is a premier Indian multinational conglomerate with a global footprint in engineering, procurement, and construction (EPC). Renowned for its execution of mega-projects, the company plays a pivotal role in India’s infrastructure and industrial development. This page is designed to be a comprehensive resource for investors, offering a deep dive into L&T stock analysis and the latest L&T share price trends.
About Larsen & Toubro (L&T)
Founded in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro, the company began as a representative for Danish dairy equipment manufacturers. Over the decades, it has evolved into a massive technology, engineering, and manufacturing giant.
Headquartered in Mumbai, L&T operates in over 50 countries. It is unique for its "professional" management structure, where it is largely owned by financial institutions and employees rather than a single family or promoter group. The company is synonymous with critical national assets, ranging from the world's tallest statue to advanced nuclear submarines.
Business Model of L&T
L&T operates through several strategic business segments that allow it to capture value across the entire engineering and technology spectrum:
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Infrastructure: This is the largest segment, handling projects like metros, airports, smart cities, and mega-bridges. It focuses on heavy civil, water treatment, and power transmission.
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Energy: This division provides integrated solutions for the oil and gas (hydrocarbon) sector and the power industry, including thermal and renewable energy projects.
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Hi-Tech Manufacturing: L&T produces critical equipment for the defence and aerospace sectors, as well as heavy machinery for the nuclear and chemical process industries.
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IT & Technology Services: Through its listed subsidiaries like LTIMindtree and L&T Technology Services (LTTS), the group offers high-end digital transformation and engineering R&D.
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Financial Services: Operated through L&T Finance, providing a wide range of retail and wholesale lending products.
L&T IPO and Listing History
L&T became a public company in December 1950, making it one of the oldest and most consistent listings on the Indian stock market. While its initial listing predates the modern electronic exchange era, its history of wealth creation is legendary.
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Initial Public Status: Became a public company in 1950.
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Face Value: Rs 2 per share (post-splits).
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ISIN: INE018A01030
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Listing Exchanges: BSE and NSE
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BSE Scrip Code: 500510
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NSE Symbol: LT
L&T Corporate Action History
L&T has a long-standing tradition of rewarding its shareholders through various corporate actions, particularly bonus issues, which have significantly increased the share count for long-term investors.
Bonus Share History
The company has issued bonus shares multiple times to share its growth with its investors. Recent major bonus issues include:
Stock Split History
L&T has traditionally managed its share price through bonus issues rather than frequent stock splits. Its current face value of Rs 2 is a result of historical adjustments and the demerger of its cement business (which became UltraTech Cement) in 2004.
Dividend & Buybacks
L&T is known for a consistent dividend payout. Additionally, it has recently engaged in capital management activities like its significant share buyback in 2023, aimed at improving return on equity and returning surplus cash to shareholders.
Investor Resources Available on This Page
Retail investors can find a wealth of analytical tools on this page to conduct their own Larsen & Toubro share price research:
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Price Chart: Track historical price movements and technical indicators.
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Company Ratios: Access critical data such as PE ratio, ROCE, ROE, and Debt-to-Equity.
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Financial Statements: Review the balance sheet, cash flow statements, and annual reports for a clear view of the company's financial health.
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Quarterly Results: Stay updated with the latest revenue growth, profit margins, and order book size.
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Shareholding Pattern: Analyse the stakes held by institutional investors, FIIs, and public shareholders.
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Pros & Cons: A simplified table-based analysis of the company's competitive advantages (e.g., massive order book) and potential challenges (e.g., global economic volatility).
Frequently Asked Questions (FAQs)
Q1. What is the L&T share price today?
The current L&T share price can be seen at the top of this page.
Note that chart data is provided with a 15-minute delay.
Q2. Who are the promoters of Larsen & Toubro?
L&T is a professionally managed company with no identifiable promoter. A significant portion of the company is owned by the L&T Employees Trust, financial institutions, and the public.
Q3. When was the last L&T bonus issue?
L&T's last bonus issue was in July 2017, where shareholders received 1 bonus share for every 2 shares held.
Q4. Where can I find L&T's annual report?
The latest and historical annual reports are available for download in the "Documents" or "Reports" section of this page.
Q5. Is L&T part of any major stock market index?
Yes, L&T is a heavyweight constituent of both the NIFTY 50 and the BSE SENSEX, representing the industrial and construction sector.
Q6. What is the current face value of L&T shares?
The face value of L&T equity shares is currently Rs 2 per share.
Q7. What major businesses are part of the L&T Group?
Apart from the parent EPC company, the group includes listed entities such as LTIMindtree, L&T Technology Services, and L&T Finance.