Larsen & Toubro Ltd
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]
- Market Cap ₹ 5,06,077 Cr.
- Current Price ₹ 3,680
- High / Low ₹ 3,964 / 2,965
- Stock P/E 33.2
- Book Value ₹ 710
- Dividend Yield 0.91 %
- ROCE 14.5 %
- ROE 16.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 33.0%
- Company's working capital requirements have reduced from 38.1 days to 19.0 days
Cons
- Stock is trading at 5.18 times its book value
* 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
Industrials Construction Construction Civil Construction
Part of BSE Sensex Nifty 50 BSE 500 BSE Capital Goods BSE 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
85,054 | 91,929 | 101,122 | 109,312 | 119,683 | 135,220 | 145,452 | 135,979 | 156,521 | 183,341 | 221,113 | 255,734 | |
70,968 | 76,245 | 85,637 | 92,691 | 99,572 | 112,354 | 120,899 | 112,519 | 132,207 | 156,175 | 192,355 | 221,399 | |
Operating Profit | 14,086 | 15,684 | 15,486 | 16,620 | 20,111 | 22,866 | 24,553 | 23,460 | 24,314 | 27,166 | 28,758 | 34,335 |
OPM % | 17% | 17% | 15% | 15% | 17% | 17% | 17% | 17% | 16% | 15% | 13% | 13% |
1,337 | 1,422 | 1,219 | 1,466 | 1,465 | 2,701 | 3,015 | 8,111 | 2,364 | 2,891 | 4,953 | 3,289 | |
Interest | 6,494 | 7,266 | 6,899 | 6,829 | 7,714 | 9,339 | 11,021 | 11,750 | 9,235 | 9,445 | 9,512 | 9,925 |
Depreciation | 1,446 | 2,623 | 1,787 | 2,370 | 2,223 | 1,923 | 2,462 | 2,904 | 2,948 | 3,502 | 3,682 | 4,121 |
Profit before tax | 7,483 | 7,217 | 8,020 | 8,887 | 11,639 | 14,305 | 14,086 | 16,918 | 14,495 | 17,109 | 20,517 | 23,579 |
Tax % | 35% | 31% | 30% | 23% | 27% | 28% | 23% | 24% | 29% | 26% | 24% | 25% |
4,885 | 4,966 | 4,592 | 6,486 | 8,004 | 10,217 | 10,894 | 12,921 | 10,419 | 12,531 | 15,547 | 17,673 | |
EPS in Rs | 35.41 | 34.17 | 30.64 | 43.17 | 52.59 | 63.48 | 68.02 | 82.47 | 61.70 | 74.50 | 95.00 | 109.35 |
Dividend Payout % | 27% | 32% | 40% | 22% | 30% | 28% | 26% | 44% | 36% | 32% | 36% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 18% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 10% |
3 Years: | 23% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 32% |
3 Years: | 32% |
1 Year: | 4% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 185 | 186 | 186 | 187 | 280 | 281 | 281 | 281 | 281 | 281 | 275 | 275 |
Reserves | 37,526 | 40,723 | 43,994 | 50,030 | 54,623 | 62,094 | 66,442 | 75,588 | 82,127 | 89,045 | 86,084 | 97,381 |
80,846 | 93,630 | 88,135 | 93,954 | 107,524 | 125,555 | 143,174 | 134,629 | 125,508 | 120,650 | 116,322 | 132,409 | |
50,324 | 58,727 | 61,775 | 67,400 | 80,812 | 90,106 | 96,790 | 99,597 | 111,112 | 119,745 | 136,921 | 149,050 | |
Total Liabilities | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 |
32,397 | 34,738 | 14,176 | 16,677 | 18,580 | 21,194 | 43,653 | 44,319 | 42,945 | 42,641 | 42,964 | 44,055 | |
CWIP | 14,179 | 14,993 | 10,974 | 13,298 | 13,443 | 13,919 | 3,311 | 500 | 1,250 | 3,066 | 3,045 | 2,589 |
Investments | 8,109 | 9,612 | 15,465 | 19,753 | 15,311 | 20,907 | 20,047 | 39,627 | 39,395 | 44,798 | 45,648 | 54,805 |
114,197 | 133,923 | 153,475 | 161,843 | 195,905 | 222,016 | 239,675 | 225,649 | 235,438 | 239,217 | 247,946 | 277,665 | |
Total Assets | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7,143 | -1,365 | -3,240 | 6,655 | -10,031 | -4,756 | 6,694 | 23,074 | 19,164 | 22,777 | 18,266 | 9,161 | |
-5,510 | -4,778 | -4,627 | -9,796 | 3,914 | -11,023 | -8,408 | -5,750 | -3,585 | -8,048 | 2,179 | -15,489 | |
13,136 | 7,903 | 7,253 | 2,896 | 9,370 | 15,440 | 6,372 | -15,274 | -15,181 | -11,572 | -25,413 | 6,557 | |
Net Cash Flow | 483 | 1,759 | -613 | -245 | 3,254 | -338 | 4,658 | 2,049 | 397 | 3,156 | -4,968 | 228 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 113 | 119 | 94 | 96 | 101 | 99 | 102 | 113 | 108 | 89 | 81 | 77 |
Inventory Days | 69 | 76 | 51 | 41 | 45 | 51 | 44 | 51 | 44 | 41 | 32 | 30 |
Days Payable | 261 | 288 | 283 | 301 | 349 | 340 | 336 | 401 | 378 | 302 | 255 | 208 |
Cash Conversion Cycle | -78 | -92 | -138 | -164 | -203 | -190 | -190 | -236 | -227 | -172 | -143 | -101 |
Working Capital Days | 88 | 78 | 98 | 98 | 104 | 99 | 114 | 103 | 72 | 65 | 31 | 19 |
ROCE % | 12% | 10% | 11% | 11% | 14% | 13% | 12% | 10% | 10% | 12% | 13% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17h - L&T wins ₹1,000-2,500 Cr order for 1500 MW Bhavali Pumped Storage Project in Maharashtra.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Jun - L&T issues Rs 500 crore ESG bond, first under SEBI's new framework, partnering with HSBC.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Jun - L&T wins ₹1,000-2,500 Cr EPC water projects in Rajasthan with pipelines, reservoirs, and O&M services.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Stock Exchanges regarding publication of Notice related to AGM, Dividend and other related matters after sending Annual Report to Shareholders
- Shareholders Meeting - 80Th AGM To Be Held On June 17, 2025 26 May
Annual reports
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Financial Year 2011
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Business segments
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