Larsen & Toubro Ltd

500510

Summary

Fair Value Assessment
Fairly Valued
Fair ValueQ3,499.69UncertaintyHigh
Close Price3,469.70Mar 25, 2025
Market Closed
3,442.60
Price Down by 27.10 | 0.78 %
Previous Close
3,469.70
Day Range
3,418.80 – 3,495.70
Year Range
3,141.30 – 3,963.00
Bid / Ask
Market Cap
4.7 Tril
Volume / Average
103.1 k / 88.0 k
Beta (5-Year)
1.10
Shares Outstanding
1,375.19 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate. It enters contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company has several operating segments: Infrastructure projects, Energy projects, Hi-Tech Manufacturing, IT & Technology services, Financial services, Development projects, and other segments. The majority of the company's revenue is generated from its Infrastructure projects segment.
Contact
Norottarn Morarjee Marg L&T House, Ballard Estate, Mumbai, MH 400001
T +91 2267525656
ccdpr@lth.ltindia. opens in a new tab
www.larsentoubro.com opens in a new tab
Sector
Industrials
Industry
Engineering & Construction
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
350,173

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
2,464.24 2,191.16 1,816.61 1,556.72 1,344.77 1,443.08
Revenue Growth %
16.96% 20.62% 16.69% 15.76% -6.81% 8.22%
Gross Profit
801.44 730.87 650.46 559.34 477.76 469.45
Gross Profit Margin %
32.52% 33.36% 35.81% 35.93% 35.53% 32.53%
Operating Income
232.96 217.31 195.01 193.54 155.29 155.78
Operating Margin %
9.45% 9.92% 10.74% 12.43% 11.55% 10.79%
EBIT
230.45 216.07 184.69 164.03 147.63 153.25
EBIT Margin %
9.35% 9.86% 10.17% 10.54% 10.98% 10.62%
EBITDA
271.27 252.81 218.53 193.41 176.24 178.00
EBITDA Margin %
11.01% 11.54% 12.03% 12.42% 13.11% 12.33%
Net Income
139.36 130.59 104.71 86.69 115.83 95.49
Net Profit Margin %
6.71% 7.10% 6.90% 6.63% 6.13% 7.10%
Basic EPS
101.23 93.96 74.51 61.71 82.49 68.04
Diluted EPS
101.16 93.88 74.45 61.65 82.41 67.95
Normalized EPS
94.04 89.30 76.87 57.07 21.55 63.24
Total Dividends per Share
28.00 30.00 22.00 18.00 26.00 28.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
3,566.08 3,396.27 3,303.52 3,200.49 3,112.74 3,081.40
Total Liabilities
2,506.27 2,370.78 2,267.85 2,246.75 2,233.54 2,318.96
Total Debt
1,261.83 1,163.22 1,206.50 1,251.22 1,331.86 1,411.00
Total Equity
1,059.81 1,025.50 1,035.67 953.74 879.20 762.44
Cash And Cash Equivalents
102.05 119.59 169.27 137.70 133.74 113.25
Working Capital
337.44 414.79 601.38 487.48 575.59 379.61
Shares Outstanding (Bil)
1.41 1.41
Book Value Per Share
624.21 632.23 583.87 537.43 472.41
Total Debt To Equity
1.19 1.13 1.16 1.31 1.51 1.85
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
143.54 182.66 227.77 191.64 228.44 66.94
Cash From Investing Activities
-92.25 21.63 -83.12 -36.68 -54.29 -82.56
Cash From Financing Activities
-74.30 -254.13 -115.72 -151.81 -152.74 63.72
Capital Expenditures
45.17 41.44 31.11 18.08 34.37
Free Cash Flow
115.29 102.07 83.28 76.78 81.39
Change in Cash
-23.02 -49.84 28.93 3.14 21.41 48.09

Profile

Name (Age)
5-Year Trend
2020
2021
2022
2023
2024
Ramamurthi Shankar Raman (66) Executive Director,Whole Time Director and Chief Financial Officer
132,300,000 286,200,000 221,700,000 316,600,000
Sekharipuram Narayanan Subrahmanyan (—) Executive Director,Chairman and Managing Director
285,000,000 612,700,000 356,700,000 510,500,000
Subramanian Sarma (—) Executive Director,Whole Time Director and Senior Executive Vice President, Energy
114,000,000 234,700,000 252,800,000 370,300,000
Sudhindra Vasantrao Desai (—) Executive Director,Whole Time Director and Senior Executive Vice President, Civil Infrastructure
34,700,000 125,500,000 133,600,000 192,100,000
Tharayil Madhava Das (—) Executive Director,Whole Time Director and Senior Executive Vice President, Utilities
36,600,000 123,000,000 114,700,000 187,400,000
Anil Vithal Parab (—) Executive Director,Whole-Time Director and Senior Executive Vice President (Heavy Engineering and LandT Valves)
53,900,000 125,200,000
A Sivaram Nair (—) Company Secretary & Compliance Officer
Maddur Venkata Rao Satish (67) Executive Director,Whole time Director and Senior Executive Vice President, Buildings
53,700,000 111,900,000 123,400,000
Total Compensation for all Key Executives INR
656,300,000 1,494,000,000 1,256,800,000 1,702,100,000
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
SBI Nifty 50 ETF 1.53 3.75 20,986,224
-140,482
0.66%
Feb 28, 2025
SBI S&P BSE Sensex ETF 1.03 4.35 14,097,783
-252,910
1.76%
Feb 28, 2025
ICICI Pru Bluechip Gr 0.85 6.18 11,749,504
256,582
2.23%
Feb 28, 2025
Vanguard Total Intl Stock Index Inv 0.69 0.08 9,482,046
7,906
0.08%
Feb 28, 2025
Vanguard Emerging Mkts Stock Idx Inv 0.63 0.28 8,679,396
62,030
0.72%
Feb 28, 2025
Total (for Top 5) 4.73 64,994,953
-66,874

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