Larsen & Toubro Ltd

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

Larsen & Toubro Ltd

₹ 3,294 0.68%
13 May - 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 ₹ 4,52,809 Cr.
  • Current Price ₹ 3,294
  • High / Low ₹ 3,860 / 2,168
  • Stock P/E 50.6
  • Book Value ₹ 469
  • Dividend Yield 0.85 %
  • ROCE 15.0 %
  • ROE 13.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 44.2%

Cons

  • Stock is trading at 7.03 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 12.0% over last 3 years.
  • Earnings include an other income of Rs.5,789 Cr.
  • Working capital days have increased from 58.0 days to 91.0 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
34,525 13,109 21,288 25,665 37,439 20,212 25,770 27,785 36,734 26,931 28,151 31,601 39,553
30,527 12,083 19,586 23,565 33,570 18,666 23,862 25,469 33,210 25,057 26,230 29,142 36,122
Operating Profit 3,998 1,026 1,702 2,100 3,870 1,546 1,908 2,317 3,524 1,873 1,921 2,459 3,431
OPM % 12% 8% 8% 8% 10% 8% 7% 8% 10% 7% 7% 8% 9%
469 670 1,548 924 703 568 1,554 833 1,080 1,256 2,236 1,226 1,071
Interest 487 467 424 415 441 504 579 508 534 547 584 630 644
Depreciation 331 260 290 287 308 342 338 335 357 379 416 438 518
Profit before tax 3,649 969 2,536 2,322 3,824 1,267 2,546 2,307 3,713 2,204 3,157 2,616 3,339
Tax % 34% 23% 15% 21% 24% 28% 17% 21% 19% 19% 14% 18% 20%
2,418 750 2,146 1,823 2,901 911 2,109 1,825 3,003 1,792 2,710 2,136 2,666
EPS in Rs 17.22 5.34 15.28 12.98 20.65 6.48 15.01 12.99 21.37 12.75 19.72 15.54 19.39
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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
51,539 56,525 56,942 63,177 65,724 74,463 82,287 82,384 87,255 101,000 110,501 126,236
45,964 49,725 50,293 57,004 59,186 66,678 74,545 75,444 78,869 91,867 100,527 116,551
Operating Profit 5,574 6,799 6,648 6,173 6,538 7,784 7,742 6,940 8,387 9,133 9,974 9,685
OPM % 11% 12% 12% 10% 10% 10% 9% 8% 10% 9% 9% 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
Interest 1,056 1,208 1,579 1,686 1,374 1,516 1,877 2,368 2,459 1,832 2,201 2,406
Depreciation 728 792 1,008 997 1,215 1,049 1,000 1,021 1,151 1,172 1,372 1,751
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
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
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
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: -13%
TTM: 10%
Stock Price CAGR
10 Years: 13%
5 Years: 20%
3 Years: 33%
1 Year: 48%
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
Equity Capital 123 185 186 186 187 280 281 281 281 281 281 275
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
8,834 11,459 12,937 13,924 10,558 10,561 11,990 25,942 24,664 20,477 18,339 22,812
34,447 33,184 36,883 43,561 45,667 55,871 62,622 63,439 73,513 80,912 82,558 88,055
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
8,305 7,675 7,487 7,268 7,045 6,941 8,592 7,840 9,165 9,113 9,756 11,066
CWIP 597 562 494 412 504 653 739 797 287 583 1,955 1,397
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
47,419 50,853 55,869 67,502 67,931 80,674 92,425 98,885 101,050 113,279 113,452 115,277
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

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 6,362
-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 -1,916 133

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 98
Days Payable 226 247 275 296 324 370 378 383 405 384 309 1,137
Cash Conversion Cycle -32 -78 -94 -160 -190 -228 -218 -230 -237 -226 -174 -932
Working Capital Days 56 70 88 82 74 71 56 86 63 42 41 91
ROCE % 19% 18% 16% 13% 13% 14% 16% 13% 12% 13% 14%

Shareholding Pattern

Numbers in percentages

17 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
22.88% 22.86% 23.24% 22.42% 21.09% 22.12% 23.29% 24.48% 25.29% 25.72% 25.50% 24.36%
32.75% 33.11% 32.71% 33.49% 34.61% 40.49% 39.76% 38.64% 38.01% 37.16% 37.34% 38.08%
0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23%
44.14% 43.80% 43.82% 43.86% 44.07% 37.17% 36.70% 36.65% 36.47% 36.89% 36.93% 37.33%
No. of Shareholders 13,69,37913,46,45313,84,81814,92,12415,55,96614,78,38314,18,08614,25,06414,23,20214,07,11714,54,62415,64,085

* 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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