Larsen and Toubro Ltd
LTLarsen and Toubro Ltd
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
36.34 | 4.79 | 0.95% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
49.07 | 6.87 | 0.55% |
Forecast & Ratings
Detailed Forecast from 34 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company.
Peers
Compare with peersÂGMR Airports Ltd
IRB Infrastructure Developers Ltd
NBCC (India) Ltd
KEC International Ltd
Ircon International Ltd
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Forecasts
Price
Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,02,121.05 | 1,11,058.35 | 1,21,442.84 | 1,37,920.90 | 1,48,467.83 | 1,47,646.30 | 1,58,885.24 | 1,86,946.18 | 2,25,385.38 | 2,42,896.74 | ||||||||||
Raw Materials | 35,320.19 | 36,648.54 | 40,876.24 | 46,889.87 | 46,705.87 | 41,333.86 | 51,676.55 | 63,285.32 | 75,319.99 | 2,08,087.17 | ||||||||||
Power & Fuel Cost | 1,243.45 | 1,423.19 | 1,399.62 | 2,205.60 | 2,079.84 | 1,581.33 | 2,267.26 | 2,655.76 | 2,526.75 | |||||||||||
Employee Cost | 13,330.84 | 13,853.97 | 15,270.79 | 17,466.40 | 23,114.00 | 24,750.54 | 29,695.79 | 37,214.11 | 41,171.02 | |||||||||||
Selling & Administrative Expenses | 5,157.51 | 4,276.79 | 4,583.27 | 5,083.67 | 5,266.74 | 3,047.15 | 3,581.20 | 4,658.98 | 5,133.74 | |||||||||||
Operating & Other expenses | 30,364.03 | 36,769.91 | 37,736.65 | 40,708.93 | 43,732.81 | 45,361.93 | 44,986.54 | 49,075.29 | 67,522.27 | |||||||||||
EBITDA | 16,705.03 | 18,085.95 | 21,576.27 | 25,566.43 | 27,568.57 | 31,571.49 | 26,677.90 | 30,056.72 | 33,711.61 | 34,809.57 | ||||||||||
Depreciation/Amortization | 1,786.73 | 2,369.93 | 2,223.48 | 1,923.03 | 2,462.27 | 2,904.21 | 2,947.95 | 3,502.25 | 3,682.33 | 3,963.71 | ||||||||||
PBIT | 14,918.30 | 15,716.02 | 19,352.79 | 23,643.40 | 25,106.30 | 28,667.28 | 23,729.95 | 26,554.47 | 30,029.28 | 30,845.86 | ||||||||||
Interest & Other Items | 6,898.68 | 6,828.66 | 7,713.63 | 9,338.73 | 11,020.78 | 11,749.58 | 9,234.98 | 9,445.44 | 9,512.17 | 9,420.45 | ||||||||||
PBT | 8,019.62 | 8,887.36 | 11,639.16 | 14,304.67 | 14,085.52 | 16,917.70 | 14,494.97 | 17,109.03 | 20,517.11 | 21,425.41 | ||||||||||
Taxes & Other Items | 3,738.94 | 2,846.13 | 4,269.30 | 5,399.54 | 4,536.49 | 5,334.77 | 5,825.64 | 6,638.31 | 7,458.00 | 7,900.92 | ||||||||||
Net Income | 4,280.68 | 6,041.23 | 7,369.86 | 8,905.13 | 9,549.03 | 11,582.93 | 8,669.33 | 10,470.72 | 13,059.11 | 13,524.49 | ||||||||||
EPS | 30.67 | 43.20 | 52.63 | 63.52 | 68.05 | 82.49 | 61.71 | 74.51 | 93.95 | 98.38 | ||||||||||
DPS | 12.17 | 9.33 | 16.00 | 18.00 | 18.00 | 36.00 | 22.00 | 24.00 | 34.00 | 28.00 | ||||||||||
Payout ratio | 0.40 | 0.22 | 0.30 | 0.28 | 0.26 | 0.44 | 0.36 | 0.32 | 0.36 | 0.28 |
Company Updates
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsConstruction & Engineering
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Larsen and Toubro Ltd | 37.64 | 4.79 | 0.95% |
GMR Airports Ltd | -147.15 | -96.68 | — |
IRB Infrastructure Developers Ltd | 51.22 | 2.26 | 0.58% |
NBCC (India) Ltd | 65.76 | 10.95 | 0.43% |
Price Comparison
Compare LT with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.14%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.01%
Top 5 Mutual Funds holding Larsen and Toubro Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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ICICI Prudential Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8275% | Percentage of the fund’s portfolio invested in the stock 6.22% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/85 (0) |
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4778% | Percentage of the fund’s portfolio invested in the stock 2.46% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/301 (0) |
SBI Blue Chip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4575% | Percentage of the fund’s portfolio invested in the stock 4.28% | Change in the portfolio weight of the stock over the last 3 months -0.20% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/60 (-2) |
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Events
Dividend Trend
No Trend In Dividends
LT has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.94%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.39 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 20, 2024
Dividend/Share
₹28.00
Ex DateEx Date
Jun 20, 2024
Cash Dividend
Ex DateEx DateAug 2, 2023
Dividend/Share
₹24.00
Ex DateEx Date
Aug 2, 2023
Cash Dividend
Ex DateEx DateAug 2, 2023
Dividend/Share
₹6.00
Ex DateEx Date
Aug 2, 2023
Cash Dividend
Ex DateEx DateJul 21, 2022
Dividend/Share
₹22.00
Ex DateEx Date
Jul 21, 2022
Cash Dividend
Ex DateEx DateJul 28, 2021
Dividend/Share
₹18.00
Ex DateEx Date
Jul 28, 2021
The headline indices ended with moderate losses on Thursday. The Nifty settled below the 24,250 mark. Media, pharma and healthcare shares advanced while IT, consumer durables and FMCG shares declined. Trading was volatile due to weekly F&O series expiry today. As per provisional closing, the S&P BSE Sensex, tumbled 553.12 points or 0.69% to 79,389.06. The Nifty 50 index declined 135.50 points or 0.56% to 24,205.35. In the broader market, the S&P BSE Mid-Cap index fell 0.34% and the S&P BSE Small-Cap index added 1.62%. The market breadth was positive. On the BSE, 2,662 shares rose and 1,255 shares fell. A total of 109 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.35% to 15.57. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Buzzing Index: The Nifty IT index lost 3.03% to 40,407.55. The index declined 3.58% in two trading sessions. Tech Mahindra (down 4.46%), Persistent Systems (down 4.45%), HCL Technologies (down 4.21%), Mphasis (down 4.16%), L&T Technology Services (down 4.11%), Tata Consultancy Services (down 2.93%), Infosys (down 2.54%), Wipro (down 2.24%), LTIMindtree (down 1.42%) and Coforge (down 1.36%) slipped. Stocks in Spotlight: Larsen & Toubro (L&T) jumped 6.14% after the company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. Cipla surged 9.58% after the drug maker the US drug regulator classified the manufacturing facility in Goa as voluntary action indicated (VAI). The United States Food and Drug Administration (USFDA) conducted routine current Good Manufacturing Practices (cGMP) inspection at Goa manufacturing facility from 10 to 21 June 2024. On conclusion, the company had received 6 inspectional observations in Form 483. Tata Power Company advanced 3.09% after the company's consolidated net profit increased 7.44% to Rs 1,093.08 crore despite of 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. Biocon fell 1.45% after the company reported a consolidated net loss of Rs 16 crore in Q2 FY25 as against a net profit of Rs 126 crore in Q2 FY24. Revenue from operations rose by 4% year-over-year (YoY) to Rs 3,590 crore during the quarter. DCM Shriram shed 0.71%. The company reported consolidated net profit surged 95.16% to Rs 62.92 crore on 10.79% rise in total revenue from operations to Rs 3,130.09 crore in Q2 FY25 over Q2 FY24. Prudent Corporate Advisory Services soared 16.25% after the company's consolidated net profit climbed 69.36% to Rs 51.52 crore on 50.54% jump in revenue from operations to Rs 286.08 crore in Q2 FY25 over Q2 FY24. Protean eGov Technologies declined 1.66% after the company's consolidated net profit declined 14.46% to Rs 28.04 crore on 6.75% fell in revenue from operations to Rs 219.70 crore in Q2 FY25 over Q2 FY24. Automotive Axles rose 0.69%. The company's standalone net profit declined 20.20% to Rs 35.97 crore on 15.35% decrease in revenue from operations to Rs 494.68 crore in Q2 September 2024 over Q2 September 2023. Global Markets: The US Dow Jones index futures are currently down by 209 points, signaling a weak opening for US stocks today. European market declined as investors look assessed the latest euro zone inflation data and latest key earnings from the region. Euro zone inflation rose to 2% in October, higher than September's 1.7% reading. The figures will inform the European Central Bank on the trajectory of expected interest rate cuts. Asian stocks ended lower on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high.Powered by Capital Market - Live
The key equity benchmarks traded with deep cuts in afternoon trade. The Nifty hovered below the 24,250 mark. IT, consumer durables and FMCG shares declined while Pharma and media shares advanced. Trading could be volatile due to monthly F&O series expiry today. At 13:28 IST, the barometer index, the S&P BSE Sensex, declined 502.95 points or 0.63% to 79,436.23. The Nifty 50 index fell 131.40 points or 0.54% to 24,209.45. In the broader market, the S&P BSE Mid-Cap index fell 0.85% and the S&P BSE Small-Cap index rose 0.89%. The market breadth was strong. On the BSE, 2,419 shares rose and 1,389 shares fell. A total of 130 shares were unchanged. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Gainers & Losers: Cipla (up 9.87%), Larsen & Toubro (up 6.58%), Dr Reddy Laboratories (up 2.10%), Hepr Motocorp (up 2.07%) and ONGC (up 1.39%) were major Nifty gainers. Cipla surged 9.87% after the drug maker the US drug regulator classified the manufacturing facility in Goa as voluntary action indicated (VAI). The United States Food and Drug Administration (USFDA) conducted routine current Good Manufacturing Practices (cGMP) inspection at Goa manufacturing facility from 10 to 21 June 2024. On conclusion, the company received 6 inspectional observations in Form 483. Larsen & Toubro (L&T) jumped 6.58% after the company reported 5.36% increase in consolidated net profit to Rs 3,395.29 crore in Q2 FY25 on 20.64% jump in revenue from operations to Rs 61,554.58 crore in Q2 FY25 over Q2 FY24. Tech Mahindra(down 3.87%), HCL Technologies (down 3.08%), Shriram Finance (down 2.87%), Tata Consultancy Service (TCS) (down 2.51%) and Infosys (down 2.40%) were major Nifty losers. Stocks in Spotlight: Biocon fell 2.84% to Rs 311.70 after the company reported a consolidated net loss of Rs 16 crore in Q2 FY25 as against a net profit of Rs 126 crore in Q2 FY24. Revenue from operations rose by 4% year-over-year (YoY) to Rs 3,590 crore during the quarter. Tata Power Company advanced 1.84% to Rs 435 after the company's consolidated net profit increased 7.44% to Rs 1,093.08 crore despite of 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. DCM Shriram gained 2.09% to Rs 1,068.90 after the company reported consolidated net profit surged 95.16% to Rs 62.92 crore on 10.79% rise in total revenue from operations to Rs 3,130.09 crore in Q2 FY25 over Q2 FY24. Global Market: The US Dow Jones index futures are currently down by 63 points, signaling a negative opening for US stocks today. European market declined as invetors look ahead to the euro zone inflation data. Asian stocks traded mixed on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high.Powered by Capital Market - Live
Growth in revenue aided by an accelerated progress in the various businesses in Projects & Manufacturing (P&M) portfolio. Profit before tax (PBT) increased 11.3% YoY to Rs 5,555.09 crore during the quarter. The company received orders of Rs 80,045 crore at the group level during the quarter ended September 30, 2024, registering a sequential growth of 13% and a y-o-y degrowth of 10%. During the quarter, multi-geography orders were received across different segments like Renewables, Transmission & Distribution, Roads & Runways, Urban Transit, Nuclear Power, Hydel & Tunnel, Minerals & Metals, Factories, Precision Engineering and the Offshore vertical of Hydrocarbon business. International revenues during the quarter at ₹ 32,057 crore constituted 52% of the total revenues, largely reflective of a robust international P&M order book. International orders at Rs 50,083 crore during the quarter comprised 63% of the total order inflow. The consolidated order book of the group as on September 30, 2024, is at Rs 510,402 crore registers a growth of 7% over March 2024, with the share of international orders at 40%. In Infrastructure projects segment posted revenues of Rs 31,954 crore during the quarter, registering a strong y-o-y growth of 30%, aided by improved progress across various projects. International revenues constituted 45% of the total customer revenues of the segment during the quarter. The segment secured order inflow of Rs 49,522 crore, during the quarter ended September 30, 2024, registering a substantial growth of 77% on y-o-y basis aided by orders in transmission & distribution and Renewable Energy. The segment order book stood at Rs 342,954 crore as on September 30, 2024, with the share of international orders at 32% Revenue from Energy projects jumped 31% YoY to Rs 8,873 crore in Q2 FY25. International revenues constituted 69% of the total customer revenues of the segment during the quarter. The segment secured orders valued at Rs 7,759 crore during the quarter ended September 30, 2024. International order inflow constituted 83% of the total order inflow during the quarter. The segment order book was at Rs 117,154 crore as on September 30, 2024, with the international order book constituting 77%. The Hi-tech Manufacturing segment achieved customer revenues of Rs 2,063 crore in Q2 Fy25, registering a growth of 9% YoY, with peak execution ramp-up in certain jobs of the Precision Engineering & Systems business. International revenues constituted 15% of the total customer revenues of the segment during the quarter. The segment secured orders valued at Rs 3,920 crore during the quarter ended September 30, 2024, registering a robust growth of 64% over the previous year. Export orders constituted 37% of the total order inflow of the segment during the quarter. The order book of the segment was at Rs 35,611 crore as on September 30, 2024, with the share of export orders at 10%. The IT & Technology Services (IT&TS) segment recorded customer revenues of Rs 11,798 crore for the quarter ended September 30, 2024, registering a modest y-o-y growth of 6%, reflective of the present market conditions. International billing contributed 93% of the total customer revenues of the segment for the quarter ended September 30, 2024. The financial services segment recorded income from operations at Rs 3,837 crore during the quarter ended September 30, 2024, registering y-o-y growth of 24% mainly attributed to a proactive portfolio management viz. higher retail disbursements with timely collections. The total Loan Book at Rs 93,015 crore grew by 9% as compared with March 2024 at Rs 85,565 crore. Further, on a y-o-y basis the total Loan Book reported growth of 18%. The Retail loan book now constitutes 96% of the total loan book as on September 30, 2024. Development Projects Segment recorded customer revenues of Rs 1,382 crore during the quarter ended September 30, 2024 registering de-growth. 'Others' segment comprises (a) Realty (b) Industrial Valves (c) Construction Equipment & Mining Machinery and (d) Rubber Processing Machinery. Customer revenues of the segment during the quarter ended September 30, 2024 at Rs 1,648 crore registered moderate growth of 2% y-o-y, primarily higher handover of residential units in Realty business. Export sales constituted 13% of the total customer revenues of the segment during the quarter, mainly pertaining to Industrial Valves business. S.N. Subrahmanyan, chairman and managing director said: 'The projects & manufacturing businesses of the Company continue to perform well. We have a record order book more than Rs 5 lakh crore that is a testimony of our proven competence in the domains of engineering, construction, manufacturing, and project management. Our new transformative investments in Green Energy, Data Centers, Digital Platforms and Semiconductor Design will, besides improving our Digital and Sustainability footprint, compliment our current business portfolio as well. We expect the Middle East Capex momentum to remain healthy. The company remains committed on delivering a sustained performance of growth.' Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.Powered by Capital Market - Live
Larsen & Toubro Ltd rose 5.15% today to trade at Rs 3582.55. The BSE Capital Goods index is up 1.47% to quote at 68655.58. The index is down 6.05 % over last one month. Among the other constituents of the index, Finolex Cables Ltd increased 4.48% and Elgi Equipments Ltd added 1.76% on the day. The BSE Capital Goods index went up 50.84 % over last one year compared to the 25.53% surge in benchmark SENSEX. Larsen & Toubro Ltd has lost 1.89% over last one month compared to 6.05% fall in BSE Capital Goods index and 5.27% drop in the SENSEX. On the BSE, 25907 shares were traded in the counter so far compared with average daily volumes of 1.15 lakh shares in the past one month. The stock hit a record high of Rs 3948.6 on 03 Jun 2024. The stock hit a 52-week low of Rs 2872 on 01 Nov 2023.Powered by Capital Market - Live
Net profit of Larsen & Toubro rose 5.36% to Rs 3395.29 crore in the quarter ended September 2024 as against Rs 3222.63 crore during the previous quarter ended September 2023. Sales rose 20.64% to Rs 61554.58 crore in the quarter ended September 2024 as against Rs 51024.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales61554.5851024.04 21 OPM %12.8613.80 - PBDT6578.935900.96 11 PBT5555.094991.07 11 NP3395.293222.63 5 Powered by Capital Market - Live
Larsen & Toubro has approved allotment of 1,35,735 equity shares today to those grantees who had exercised their options under the Company's Employee Stock Option Schemes.Powered by Capital Market - Live
Larsen & Toubro (L&T) has won new order (significant) from the France-headquartered intergovernmental body - the ITER organisation for deployment of critical advanced technologies for assembly of ports & complex parts with the Vacuum Vessel at the world's largest nuclear fusion project at Cadarache in Southern France. According to the company's project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore. The Company also inked an MoU with the ITER Organization - for technical collaboration on the project. Under the MoU, L&T will help the ITER Organization with the development of 'state of the art' technology for the 'first of a kind' hardware and assembly of all such fusion relevant systems inside the vacuum vessel of ITER Tokamak to control the plasma operation. The majority of these activities will be in the Tokomak pit at the ITER site. It may be recalled that during the COVID pandemic in 2020, L&T had successfully fabricated and completed the early delivery of the world's largest stainless-steel high-vacuum pressure vessel (Cryostat) for the ITER project.Powered by Capital Market - Live
Larsen & Toubro will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live
The public sector enterprise has a 'Navratna' status and is a leading fertilizers and chemicals manufacturing company in India. The project involves the license, engineering, procurement, and construction (L-EPC) of a 1,200 MTPD (DAP basis) NPK fertilizer plant along with associated utilities and off-site facilities for Rashtriya Chemicals and Fertilizers (RCF) at their Thal unit in Raigad district, approximately 100 km from Mumbai. L&T Energy Hydrocarbon, organized under offshore, onshore EPC, modular fabrication, advanced value engineering & technology (AdVENT), asset management (AM), and offshore wind verticals, provides integrated design-to-build solutions across the hydrocarbon sector for both domestic and international clients. Subramanian Sarma, whole-time director and president (energy), said: This order reaffirms L&T's dedication to supporting the Indian government's Atmanirbhar Bharat initiative, which aims to enhance the nation's self-reliance in fertilizers. We are committed to executing the L-EPC work within a strict timeline.' As per L&T's internal classification, the value of the aforementioned contract lies between Rs 1,000 crore and Rs 2,500 crore. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC Projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide. A strong, customer'focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The EPC major's consolidated net profit rose 11.74% to Rs 2,785.72 crore on 15.12% increase in revenue from operations to Rs 55,119.82 crore in Q1 FY25 over Q1 FY24. The scrip rose 0.46% to currently trade at Rs 3547.50 on the BSE. Powered by Capital Market - Live
The Hydrocarbon Business (L&T Energy Hydrocarbon - LTEH) of Larsen & Toubro (L&T) has secured a prestigious order under its AdVENT Business Vertical from a Government of India Undertaking with Navratna status and a leading fertilizers and chemicals manufacturing company in India. According to the company, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore. The project involves the License, Engineering, Procurement, and Construction (L-EPC) of a 1,200 MTPD (DAP basis) NPK fertilizer plant along with associated utilities and off-site facilities for Rashtriya Chemicals & Fertilizers (RCF) at their Thal unit in Raigad district, approximately 100 km from Mumbai. LTEH, organized under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT), Asset Management (AM), and Offshore Wind verticals, provides integrated design-to-build solutions across the hydrocarbon sector for both domestic and international clients. With over three decades of experience, LTEH continues to set global benchmarks in project management, corporate governance, quality, HSE, and operational excellence.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 10.32%, vs industry avg of 8.83%
Increasing Market Share
Over the last 5 years, market share increased from 45.25% to 48.49%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 7.96%, vs industry avg of 27.6%