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Larsen & Toubro Ltd share Price Today

Company details

3,620.15
3,658.95
2,466.40
3,919.90
6M Return 2.68%
1Y Return 49.28%
Mkt Cap.(Cr) 500,441.38
Volume 1,203,750
Div Yield 0.93%
OI
-
OI Chg %
-
Volume 1,203,750

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Construction & Engineering company Larsen & Toubro announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Consolidated Revenues: Rs 67,079 crore; a YoY growth of 15%.
  • Share of international revenues: 45%.
  • Profit After Tax (PAT): Rs 4,396 crore; a growth of 10% on a YoY basis.

FY24 Financial Highlights:

  • Consolidated Revenues: Rs 2,21,113 crore; a YoY growth of 21%.
  • International revenues: Rs 95,086 crore; constituting 43% of total revenues.
  • Consolidated Profit After Tax (PAT): Rs 13,059 crore; a robust growth of 25% compared to the previous year, including an exceptional gain of Rs 94 crore from the divestment of stake in L&T IDPL.
  • Recommended final dividend: Rs 28 per equity share for shareholder approval.
  • Orders received: Rs 3,02,812 crore at the group level, with a YoY growth of 31%.
  • International orders: Rs 1,63,112 crore, comprising 54% of the total order inflow.
  • Order inflow for Q4: Rs 72,150 crore; a marginal de-growth of 5% over the corresponding quarter of the previous year.
  • Consolidated order book: Rs 4,75,809 crore as of March 31, 2024, showing a growth of 20% over the previous year, with international orders constituting 38%. 

Commenting on the results, S.N. Subrahmanyan, Chairman and Managing Director said: “The year has concluded on a very strong note for us. We have secured Order Inflows of more than Rs 3 lakh crore and Order Book is around Rs 4.75 lakh crore, reflecting the continued trust reposed on us by all our esteemed clients. During the year, we successfully completed the maiden Buyback of Equity Shares, in line with our aim to improve shareholder value. Furthermore, in addition to the special divided of Rs 6 per share paid to our equity shareholders during the year, we are recommending a final dividend of Rs 28 per share for the FY24.

In line with our Lakshya 2026 plan to divest from non-core businesses, we concluded the sale of our stake in L&T IDPL.

We are confident that our new age businesses such as Green Energy, Semiconductor Chip Design, Digital Platforms and Data Centers will harness the power of technology and compliment the growth of our traditional core businesses in accelerating our strides towards our perspective plan targets.

Recently, some of our marquee projects were inaugurated / completed such as Atal Setu and Coastal Road project in Mumbai. The Company also played its part in the construction of the iconic Ram Mandir at Ayodhya which was consecrated on January 22, 2024. This faith posed by our customers on our capabilities to complete iconic and complex engineering projects in a time-bound manner with highest standards of quality and safety continues.

Despite the ongoing geo-political turmoil globally, the growth story of India continues to power forward and we as a Company are proud to be an integral part of this change. The tailwinds of India’s economic growth will continue due to the impact of structural reforms, strengthening physical and digital infrastructure, improving institutional strength and strong governance.”

 

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Larsen & Toubro Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong QoQ EPS Growth in recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 3,690.8
R2 3,725.3
R3 3,771.4
Pivot

3,644.70

S1 3,610.2
S2 3,564.1
S3 3,529.6
EMA SMA
3,619.1
3,592.7
3,542.9
3,361.4
3,604.8
3,562.4
3,583.4
3,424.6
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
Outlook robust ; Margin recovery in the works…
Call Date
30 May 2024
Entry Price 3,610.00
Target Price 4,300.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

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 3,640.45 620.00 93.47 67.55 175.40
% Change -0.26 1.65 -4.18 -0.68 -6.46
Mcap Cr 500,441.38 129,271.24 56,417.98 40,793.45 31,572.00
Revenue TTM Cr 221,112.91 20,281.57 6,693.40 6,401.64 8,754.44
Net Profit TTM Cr 15,569.72 1,420.55 -839.93 720.01 278.01
PE TTM 39.04 77.66 0.00 69.00 59.75
1 Year Return 49.28 407.16 110.52 153.47 326.76
ROCE 14.45 17.22 0.00 6.36 23.81
ROE 17.72 20.81 0.00 5.55 21.69
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 86,359.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,657.67 50,536.31
LAST 3M 100,816.35 52,758.00
LAST 6M 183,679.85 45,520.24
LAST 12M 311,925.41 84,454.62

Larsen & Toubro Ltd Information

Stock PE (TTM)
39.04
Promoter Holding
0%
Book Value
628.1369
ROCE
14.45%
ROE
17.72%
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 Jul 19, 2024 01:29 PM the closing price of Larsen & Toubro Ltd was Rs.3,640.45.

The latest PE ratio of Larsen & Toubro Ltd as of Jul 19, 2024 01:29 PM is 39.04

The latest PB ratio of Larsen & Toubro Ltd as of Jul 19, 2024 01:29 PM is 0.17

The 52-week high of Larsen & Toubro Ltd share price is Rs. 3,919.90 while the 52-week low is Rs. 2,466.40

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

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 Jul 19, 2024 01:29 PM, the market cap of Larsen & Toubro Ltd stood at Rs. 500,441.38 Cr.

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