Medium riskLarge capEducational sample dataset

Larsen & Toubro

LT · NSE & BSE · Engineering & Construction · Infrastructure EPC

Current price

₹3,600.00

+0.70%FY24 (illustrative)

Illustrative / demo price - not live.

Compare Learn this concept

About the company

India's largest engineering and construction company, with a strong infrastructure order book.

Origin & history

Founded in 1946 by Henning Holck-Larsen and Soren Kristian Toubro as a Danish engineering partnership.

Founded

1946

Headquarters

Mumbai

Business segments

Infrastructure48.0%
Energy Projects20.0%
Hi-Tech Manufacturing18.0%
Other14.0%

Competitive position (moat)

Scale, execution capability and diversified EPC leadership.

Governance

Promoter-held with professional management; watch related-party and capital allocation.

Promoter holding

0.0%

Institutional holding

45.0%

Why it's interesting

A proxy for India's infrastructure capex cycle with a large order book and improving execution.

What to verify

  • Order inflow and order book quality
  • Working capital and receivables
  • Margin sustainability in competitive bidding

Key risks

  • Project execution risk
  • Working-capital strain
  • Cyclicality

Valuation snapshot

Market cap

₹5 L cr

Total value of all shares: price multiplied by shares outstanding.

P/E

32.0

Price to earnings: how much you pay per rupee of profit.

P/B

4.5

Price to book: how the price compares to net asset value per share.

EV/EBITDA

22.0

Enterprise value to operating profit: a valuation that accounts for debt and cash.

Dividend yield

0.7%

Annual dividend per share as a percentage of the price.

Profitability

Revenue

₹2,20,000 cr

EBITDA

₹26,000 cr

Net income

₹15,000 cr

EPS

₹109.00

EBITDA margin

11.8%

Net margin

6.8%

ROE

15.0%

ROCE

16.0%

Revenue growth

12.0%

Balance sheet health

Debt/equity

0.3

Total debt divided by shareholders' equity: how leveraged the company is.

Cash

₹28,000 cr

Cash and equivalents on the balance sheet.

Interest coverage

5.5

How many times operating profit covers interest expense.

Dividends & returns

Dividend yield

0.7%

Dividend yield is the annual payout as a share of the price. A higher yield can signal a mature, cash-generative business - or a falling price. Check the payout history before reading too much into it.

Growth trend

Revenue growth

12.0%

Revenue growth shows how fast the top line is expanding. Pair it with margin trends to see whether growth is turning into profit.

Ownership

Promoter holding

0.0%

Share held by the founding family or group.

Institutional holding

45.0%

Share held by mutual funds, insurers and foreign institutions.

Placeholders - verify in the shareholding pattern.

Key catalysts

  • Infrastructure capex
  • Order-book growth

Red flags

  • Execution slippage
  • Working capital

52-week range

52-week low

₹2,700.00

Lowest price in the 52-week range.

52-week high

₹3,800.00

Highest price in the 52-week range.