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 ₹ 4,95,596 Cr.
- Current Price ₹ 3,605
- High / Low ₹ 3,860 / 2,168
- Stock P/E 39.2
- Book Value ₹ 570
- Dividend Yield 0.67 %
- ROCE 11.6 %
- ROE 11.7 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 37.2%
Cons
- Stock is trading at 6.32 times its book value
- The company has delivered a poor sales growth of 8.90% over past five years.
- Company has a low return on equity of 13.6% over last 3 years.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
64,255 | 74,426 | 85,054 | 91,929 | 101,122 | 109,312 | 119,683 | 135,220 | 145,452 | 135,979 | 156,521 | 183,341 | 212,369 | |
53,578 | 63,032 | 70,968 | 76,245 | 85,637 | 92,691 | 99,572 | 112,354 | 120,899 | 112,519 | 132,207 | 156,349 | 183,460 | |
Operating Profit | 10,676 | 11,394 | 14,086 | 15,684 | 15,486 | 16,620 | 20,111 | 22,866 | 24,553 | 23,460 | 24,314 | 26,992 | 28,910 |
OPM % | 17% | 15% | 17% | 17% | 15% | 15% | 17% | 17% | 17% | 17% | 16% | 15% | 14% |
886 | 2,523 | 1,337 | 1,422 | 1,219 | 1,466 | 1,465 | 2,701 | 3,015 | 8,111 | 2,364 | 3,065 | 3,857 | |
Interest | 3,008 | 4,642 | 6,494 | 7,266 | 6,899 | 6,829 | 7,714 | 9,339 | 11,021 | 11,750 | 9,235 | 9,445 | 9,250 |
Depreciation | 1,580 | 1,637 | 1,446 | 2,623 | 1,787 | 2,370 | 2,223 | 1,923 | 2,462 | 2,904 | 2,948 | 3,502 | 3,515 |
Profit before tax | 6,974 | 7,638 | 7,483 | 7,217 | 8,020 | 8,887 | 11,639 | 14,305 | 14,086 | 16,918 | 14,495 | 17,109 | 20,003 |
Tax % | 33% | 31% | 35% | 31% | 30% | 23% | 27% | 28% | 23% | 24% | 29% | 26% | |
4,737 | 5,291 | 4,885 | 4,966 | 4,592 | 6,486 | 8,004 | 10,217 | 10,894 | 12,921 | 10,419 | 12,531 | 14,993 | |
EPS in Rs | 34.13 | 37.69 | 35.41 | 34.17 | 30.64 | 43.17 | 52.59 | 63.48 | 68.02 | 82.47 | 61.70 | 74.50 | 91.00 |
Dividend Payout % | 21% | 22% | 27% | 32% | 40% | 22% | 30% | 28% | 26% | 44% | 36% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 8% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 3% |
3 Years: | 2% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 22% |
3 Years: | 38% |
1 Year: | 56% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 122 | 123 | 185 | 186 | 186 | 187 | 280 | 281 | 281 | 281 | 281 | 281 | 275 |
Reserves | 29,264 | 33,737 | 37,526 | 40,723 | 43,994 | 50,030 | 54,623 | 62,094 | 66,442 | 75,588 | 82,127 | 89,045 | 78,137 |
Preference Capital | 0 | 0 | 0 | 0 | 1,313 | 1,147 | 905 | 976 | 1,404 | 1,124 | 216 | 0 | |
51,568 | 63,144 | 80,846 | 93,630 | 86,822 | 92,807 | 106,619 | 124,579 | 141,770 | 133,505 | 125,292 | 120,650 | 122,109 | |
38,228 | 45,924 | 50,324 | 58,727 | 63,088 | 68,547 | 81,717 | 91,083 | 98,194 | 100,721 | 111,328 | 119,745 | 122,602 | |
Total Liabilities | 119,182 | 142,928 | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 323,122 |
19,403 | 30,389 | 32,397 | 34,738 | 14,176 | 16,677 | 18,580 | 21,194 | 43,653 | 44,319 | 42,945 | 42,641 | 43,120 | |
CWIP | 14,913 | 11,351 | 14,179 | 14,993 | 10,974 | 13,298 | 13,443 | 13,919 | 3,311 | 500 | 1,250 | 3,066 | 2,739 |
Investments | 8,789 | 8,768 | 8,109 | 9,612 | 15,465 | 19,753 | 15,311 | 20,907 | 20,047 | 39,627 | 39,395 | 44,798 | 40,845 |
76,076 | 92,421 | 114,197 | 133,923 | 153,475 | 161,843 | 195,905 | 222,016 | 239,675 | 225,649 | 235,438 | 239,217 | 236,418 | |
Total Assets | 119,182 | 142,928 | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 323,122 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-6,227 | -4,355 | -7,143 | -1,365 | -3,240 | 6,655 | -10,031 | -4,756 | 6,694 | 23,074 | 19,164 | 22,777 | |
-5,864 | -6,922 | -5,510 | -4,778 | -4,627 | -9,796 | 3,914 | -11,023 | -8,408 | -5,750 | -3,585 | -8,048 | |
11,968 | 11,429 | 13,136 | 7,903 | 7,253 | 2,896 | 9,370 | 15,440 | 6,372 | -15,274 | -15,181 | -11,572 | |
Net Cash Flow | -123 | 152 | 483 | 1,759 | -613 | -245 | 3,254 | -338 | 4,658 | 2,049 | 397 | 3,156 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 117 | 113 | 113 | 119 | 94 | 96 | 101 | 99 | 102 | 113 | 108 | 89 |
Inventory Days | 60 | 72 | 69 | 76 | 51 | 41 | 45 | 51 | 44 | 51 | 44 | 41 |
Days Payable | 244 | 251 | 261 | 288 | 283 | 301 | 349 | 340 | 336 | 401 | 378 | 302 |
Cash Conversion Cycle | -66 | -66 | -78 | -92 | -138 | -164 | -203 | -190 | -190 | -236 | -227 | -172 |
Working Capital Days | 73 | 92 | 88 | 78 | 98 | 98 | 104 | 99 | 114 | 103 | 72 | 67 |
ROCE % | 13% | 12% | 12% | 10% | 11% | 11% | 14% | 13% | 12% | 10% | 10% | 12% |
Documents
Announcements
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 6h
- Disclosure Pursuant To Chapter XIV Of The SEBI Operational Circular SEBI/HO/ DDHS/P/CIR/2021/613 Dated August 10, 2021 (Updated As On April 13, 2022) 10h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10h
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 2d
- Board Meeting Intimation for Considering Audited Financial Results For The Year Ended 31St March 2024 2d
Annual reports
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Financial Year 2010
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Financial Year 2010
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Business segments
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