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Larsen & Toubro Ltd share Price Today

Company details

3,472.40
3,542.90
2,168.50
3,860.00
6M Return 15.52%
1Y Return 58.73%
Mkt Cap.(Cr) 483,656.67
Volume 2,759,031
Div Yield 0.70%
OI
-
OI Chg %
-
Volume 2,759,031

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Construction & Engineering company Larsen & Toubro announced Q3FY24 & 9MFY24 results:

  • Consolidated revenues for Q3FY24 reached Rs 55,128 crore, marking a substantial YoY growth of 19%.
  • International revenues during the quarter amounted to Rs 24,300 crore, constituting 44% of the total revenue.
  • Consolidated PAT for Q3FY24 stood at Rs 2,947 crore, reflecting a notable YoY growth of 15%.
  • For 9MFY24, consolidated revenues reached Rs 1,54,034 crore, showing a substantial YoY growth of 23%.
  • Consolidated PAT for 9MFY24 registered an impressive growth of 34% on a YoY basis, reaching Rs 8,663 crore.
  • The company secured orders worth Rs 75,990 crore during Q3FY24, demonstrating a robust YoY growth of 25%.
  • Orders were received across various business segments, including the Offshore vertical of Hydrocarbon, Solar EPC & Power Transmission, Water Utilities, Buildings & Factories, and Minerals & Metals sectors.
  • International orders constituted a significant portion, amounting to Rs 50,562 crore, comprising 67% of the total order inflow during Q3FY24.
  • Order inflow for 9MFY24 reached Rs 2,30,662 crore, reflecting an impressive growth of 49% over 9MFY23.
  • International orders during 9MFY24 constituted a substantial portion, totaling Rs 1,37,894 crore, making up 60% of the total order inflow.
  • The consolidated order book stood at Rs 4,69,807 crore as of December 31, 2023, with international orders contributing 39% to the total order book.

Commenting on the results, S.N. Subrahmanyan, Chairman and Managing Director said: “We have registered yet another quarter of strong performance, despite the headwinds from a volatile global environment and consequent supply chain constraints. Our nine-month order inflow has crossed the FY’23 level. This is a testament to our wide capability spectrum, diversified presence, financial strength, and most importantly the faith reposed in us by our customers.

During the quarter ended December 2023, we made a foray into fabless semiconductor chip design. Our bold strides in new-age sectors, including Digital Platforms, Data Centres, and Green Energy will pivot us into a technology–led conglomerate.

Further, we are committed to promoting sustainability by reducing fossil fuel dependence/exposure, tapping renewables opportunities, using recyclable materials, increasing wastewater recycling, integrating ESG into business initiatives, and collaborating with vendors to build a green supply chain.

We are currently witnessing improved Capex spending in both our primary geographies of India and the Middle East. Despite continued global macroeconomic and geopolitical volatility, we remain positive about the investment spending continuing in the medium term.”

 

Result PDF

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Larsen & Toubro Ltd shares SWOT Analysis

Strengths (3)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Increasing Revenue every quarter for the past 2 quarters
  • Book Value per share Improving for last 2 years

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (2)

  • Companies with growing costs YoY for long term projects
  • RSI indicating price weakness

Resistance and support

R1 3,550.0
R2 3,581.7
R3 3,620.5
Pivot

3,511.22

S1 3,479.5
S2 3,440.7
S3 3,409.0
EMA SMA
3,648.5
3,588.0
3,455.8
3,184.4
3,676.9
3,553.5
3,497.0
3,150.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BOFA SECURITIES EUROPE SA Block Purchase 2024-03-26 3672 520000 BSE
BOFA SECURITIES EUROPE SA Block Sell 2024-03-26 3672 520000 BSE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-02-01 3480.15 215505 BSE
Name Category Shares
Trusts PUBLIC 14.41%
L&T Employee Trust PUBLIC 14.37%

OUR RESEARCH VIEW

Investment recommendation
Best Capex play…
Call Date
07 Feb 2024
Entry Price 3,420.00
Target Price 4,150.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
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Larsen & Toubro Ltd Stocks COMPARISON

Financials( in Cr) Larsen & Toubro Ltd Rail Vikas Nigam Ltd GMR Airports Infrastructure Ltd IRB Infrastructure Developers Ltd NBCC (India) Ltd
Price 3,518.35 258.45 80.65 66.15 124.10
% Change -0.92 -0.56 0.81 1.30 -0.48
Mcap Cr 483,656.67 53,887.34 48,679.90 39,947.99 22,338.00
Revenue TTM Cr 183,340.70 20,281.57 6,693.40 6,401.64 8,754.44
Net Profit TTM Cr 12,624.87 1,420.55 -839.93 720.01 278.01
PE TTM 38.24 37.06 0.00 72.63 50.82
1 Year Return 58.73 244.60 82.05 145.91 224.44
ROCE 12.64 17.22 0.00 6.36 23.81
ROE 14.70 20.81 0.00 5.55 21.69
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 89,325.95 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04
Larsen & Toubro Limited - Updates

Apr 19, 2024 l NSE Announcement

Larsen & Toubro Limited - Updates

Apr 18, 2024 l NSE Announcement

Date Action Type Ratio
Aug 02, 2023 Dividend 1200
Aug 02, 2023 Dividend 300
Jul 21, 2022 Dividend 1100

Larsen & Toubro Ltd Information

Stock PE (TTM)
38.24
Promoter Holding
0%
Book Value
570.4053
ROCE
12.64%
ROE
14.7%
Description
  • Larsen & Toubro Ltd is in the Infrastructure Developers & Operation sector is having a Market Capitalization worth Rs. 223,837.85 crores, it is incorporated in the year 1938. It has reported consolidated sales of Rs. 48,087.90 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500150, and also listed on the National Stock Exchange (NSE) with the code LT.

    Larsen & Toubro commonly known as "L&T" is an Indian international conglomerate. L&T has business operations in the field of engineering, construction, manufacturing, technology, and financial services. The L&T group is a group of 118 subsidiaries, 06 associate companies, 25 joint ventures, and 35 joint operation companies. The operations of L&T are broadly divided into five categories: Construction, EPC projects, including Hydrocarbon engineering & power development, Manufacturing Services, which include IT and financial services, and other infrastructure development projects like Hyderabad Metro etc. L&T also holds a rich experience of 30 years in the field of defense equipment and systems. The promoters of the company do not own any of the stakes in the company, Foreign Institutional Investors (FII) own 22.88%, Domestic Institutional Investors (DII) own 32.99% stake in the company, and others (such as public & retail investors) hold the balance of 44.15%.

    In June 2021, quarterly net revenue was Rs. 13,109.00 crores, which has increased by approximately 60.85 % from Rs. 8,149.99 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 749.97 crores, which has improved sharply and increased by nearly 144.62% from a net profit of Rs. 306.58 crores in June 2020. In June 2021, the reported operating profit was at Rs. 8,052.63 crores, which is also increased by 53.37% as compared to an operating profit of Rs. 5,250.01 crores for the quarter ending in June 2020. From an EPS of Rs. 2.18 in June 2020, the EPS of Larsen & Toubro Ltd has improved and reached Rs. 5.34 per share in June 2021. LT's stock closed at Rs. 1,593.60 on 20th August’2021 (NSE) and has returned 4.53% in the last six months and 58.64% in the previous year.

Registered Address

L&T House, Ballard Estate, Mumbai, Maharashtra, 400001

Tel : 91-22-67525656
Email : igrc:larsentoubro.com
Website : http://www.larsentoubro.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500510
NSE Code : LT
Book Closure Date (Month) :
BSE Group : A
ISIN : INE018A01030

FAQ’s on Larsen & Toubro Ltd Shares

You can buy Larsen & Toubro Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Larsen & Toubro Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:54 PM the closing price of Larsen & Toubro Ltd was ₹ 3,518.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:54 PM, the market cap of Larsen & Toubro Ltd stood at ₹ 483,656.67.

The latest PE ratio of Larsen & Toubro Ltd as of Apr 19, 2024 03:54 PM is 38.24

The latest PB ratio of Larsen & Toubro Ltd as of Apr 19, 2024 03:54 PM is 0.16

The 52-week high of Larsen & Toubro Ltd share price is ₹ 3,860.00 while the 52-week low is ₹ 2,168.50

According to analyst recommendations, Larsen & Toubro Ltd Share has a “Buy” rating for the long term.

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