L&T (Larsen & Toubro Ltd) Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Larsen & Toubro Ltd is a global corporation that works primarily in the fields of engineering, procurement and construction (EPC) services in the aspects such as Construction, Hydrocarbons, Power, Process Industries, Defense, IT and Financial Services, both within and outside India.
Larsen & Toubro Ltd Business Profile
Contents
Larsen & Toubro Limited (L&T) is a Mumbai, India based multinational company engaged in various business sectors.
| Company Name | Larsen & Toubro Limited |
| Listed at | NSE & BSE |
| Head Office | L&T House, Ballard Estate, P. O. Box: 278, Mumbai 400 001, India. |
| Board Of Directors |
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| Official Website | larsentoubro.com |
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L&T LTD Business Profile
Larsen & Toubro Ltd is a multidisciplinary company engaged in technology, engineering, manufacturing, and financial activities. It undertakes various types of contracts, including provision of services for construction and supervision of structures, design and implementation of offshore and onshore oil and gas facilities, operation and maintenance of power generation facilities, shipbuilding, and general engineering works. With its all-round capabilities, the company participates in the value chain of its customers with nearly every activity ranging from that of designing to that of delivering a project. The company has a variety of operating business units, namely: Infrastructure projects, Energy projects, Hi-Tech Manufacturing, IT & Technology services, Financial services, Development projects and other business units. It is in the Infrastructure projects segment that the company earns most of its revenues.
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Infrastructure Segment
From the conception and design stage, the organization focuses on the engineering and construction of buildings and factories, transportation infra, heavy civil infra, power transmission & distribution, water & effluent treatment, smart world & comm. projects and metallurgical & material handling systems. This is the primary activity of the company.
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Hydrocarbon Segment
We provide all-encompassing EPC services for the oil and gas sector across the globe, beginning from over-all design to detail engineering, fabrication and procurement to project management, construction, installation and adding finishing touches.
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Power Segment
It includes complete solutions for coal or gas fuel-fired thermal power plants including power generation equipment along with its systems and/or balance of plant packages.
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Defence Engineering Segment
This section contains overall Engineering, Development, Mass Production and Operation Support Equipping and Systems and Platforms for Defense and Aerospace; also incorporating Ship Design, Construction and Repair/Reconstruction. Since the mid-1980s the company has been active in the defence and strategic industries.
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Heavy Engineering Segment
This section includes fabricated engineered critical equipment and systems designed and supplied to core sector industries such as fertilizer, refinery, petrochemical, chemical, oil & gas, and thermal & nuclear power. The company ranks within the top 3 players in the sector on a global scale.
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New Business Launched
L&T EduTech– This provides educational technology (EdTech) products and solutions to schools, training organizations, working adults, pupils, etc.
L&T SuFin– An online B2B E-Commerce platform was introduced to allow sellers to sell their products extensively, whereas buyers can easily look for the products and services they are interested in.
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L&T Fundamentals & Quarterly Results
| Market Cap | ₹ 4,91,946 Cr. |
| Current Price | ₹ 3,578 |
| High / Low | ₹ 3,949 / ₹ 2,856 |
| Stock P/E | 37.0 |
| Book Value | ₹ 628 |
| Dividend Yield | 0.78% |
| ROCE | 13.4% |
| ROE | 14.7% |
| Face Value | ₹ 2.00 |
| Debt to Equity | 1.35 |
| Debt (Preceding Year) | ₹ 1,20,650 Cr. |
| Debt (Current Year) | ₹ 1,16,322 Cr. |
| Debt Capacity | 0.00 |
| Reserves | ₹ 86,084 Cr. |
| EPS | ₹ 97.1 |
| EPS (Last Year) | ₹ 95.0 |
| Pledged Percentage | 0.00% |
| FCF (Prev Ann) | ₹ 18,984 Cr. |
| EV/EBITDA | 17.5 |
| Industry P/E | 36.6 |
| PEG Ratio | 4.54 |
| Piotroski Score | 7.00 |
| Earnings Yield | 5.06% |
| Sales Growth (5 Years) | 10.3% |
L&T Quarterly Results
| Category | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 35,853 | 42,763 | 46,390 | 58,335 | 47,882 | 51,024 | 55,128 | 67,079 | 55,120 |
| Expenses | 30,443 | 36,400 | 39,736 | 49,981 | 41,566 | 43,984 | 47,929 | 58,426 | 48,074 |
| Operating Profit | 5,410 | 6,362 | 6,653 | 8,354 | 6,316 | 7,040 | 7,199 | 8,653 | 7,046 |
| OPM % | 15% | 15% | 14% | 14% | 13% | 14% | 13% | 13% | 13% |
| Other Income | 695 | 739 | 891 | 741 | 1,146 | 1,133 | 838 | 1,135 | 921 |
| Interest | 2,212 | 2,304 | 2,383 | 2,334 | 2,299 | 2,272 | 2,344 | 2,345 | 2,292 |
| Depreciation | 963 | 860 | 825 | 854 | 830 | 910 | 921 | 1,021 | 998 |
| Profit before tax | 2,929 | 3,937 | 4,336 | 5,907 | 4,332 | 4,991 | 4,772 | 6,422 | 4,677 |
| Tax % | 22% | 28% | 29% | 25% | 28% | 23% | 25% | 22% | 26% |
| Net Profit | 2,228 | 2,785 | 3,058 | 4,459 | 3,096 | 3,846 | 3,593 | 5,013 | 3,445 |
| EPS in Rs | 12.11 | 15.86 | 18.17 | 28.37 | 17.74 | 23.45 | 21.44 | 31.98 | 20.26 |
CAGR Report
| 10 Years | 5 Years | 3 Years | 1 Year / TTM | |
|---|---|---|---|---|
| Compounded Sales Growth | 10% | 10% | 18% | 17% |
| Compounded Profit Growth | 11% | 8% | -2% | 19% |
| Stock Price CAGR | 13% | 20% | 26% | 19% |
| Return on Equity | 14% | 14% | 12% | 15% |
| Category | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|
| FIIs | 19.00% | 16.90% | 22.02% | 22.42% | 24.48% | 24.36% | 21.72% |
| DIIs | 38.57% | 37.99% | 33.19% | 33.49% | 38.64% | 38.08% | 40.44% |
| Government | 0.26% | 0.38% | 0.50% | 0.23% | 0.23% | 0.23% | 0.24% |
| Public | 42.17% | 44.72% | 44.29% | 43.86% | 36.65% | 37.33% | 37.60% |
| No. of Shareholders | 10,21,275 | 12,51,569 | 13,71,535 | 14,92,124 | 14,25,064 | 15,64,085 | 16,89,155 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹4209 | ₹5062 | ₹5574 |
| 2025 | ₹5686 | ₹5345 | ₹6380 |
| 2026 | ₹6508 | ₹6117 | ₹7302 |
| 2027 | ₹7448 | ₹7001 | ₹8358 |
| 2028 | ₹8525 | ₹8013 | ₹9566 |
| 2029 | ₹9757 | ₹9170 | ₹10946 |
| 2030 | ₹11165 | ₹10494 | ₹12528 |
| Month | Target |
| January | ₹5686 |
| February | ₹5800 |
| March | ₹5916 |
| April | ₹5719 |
| May | ₹5529 |
| June | ₹5345 |
| July | ₹5559 |
| August | ₹5781 |
| September | ₹6012 |
| October | ₹6132 |
| November | ₹6255 |
| December | ₹6380 |
| Month | Target |
| January | ₹6508 |
| February | ₹6638 |
| March | ₹6771 |
| April | ₹6546 |
| May | ₹6328 |
| June | ₹6117 |
| July | ₹6362 |
| August | ₹6616 |
| September | ₹6881 |
| October | ₹7019 |
| November | ₹7159 |
| December | ₹7302 |
| Month | Target |
| January | ₹7448 |
| February | ₹7597 |
| March | ₹7749 |
| April | ₹7491 |
| May | ₹7242 |
| June | ₹7001 |
| July | ₹7281 |
| August | ₹7572 |
| September | ₹7875 |
| October | ₹8033 |
| November | ₹8194 |
| December | ₹8358 |
| Month | Target |
| January | ₹8525 |
| February | ₹8696 |
| March | ₹8870 |
| April | ₹8575 |
| May | ₹8289 |
| June | ₹8013 |
| July | ₹8334 |
| August | ₹8667 |
| September | ₹9014 |
| October | ₹9194 |
| November | ₹9378 |
| December | ₹9566 |
| Month | Target |
| January | ₹9757 |
| February | ₹9952 |
| March | ₹10151 |
| April | ₹9813 |
| May | ₹9486 |
| June | ₹9170 |
| July | ₹9537 |
| August | ₹9918 |
| September | ₹10315 |
| October | ₹10521 |
| November | ₹10731 |
| December | ₹10946 |
| Month | Target |
| January | ₹11165 |
| February | ₹11388 |
| March | ₹11616 |
| April | ₹11229 |
| May | ₹10855 |
| June | ₹10494 |
| July | ₹10914 |
| August | ₹11351 |
| September | ₹11805 |
| October | ₹12041 |
| November | ₹12282 |
| December | ₹12528 |
Official Website – larsentoubro.com