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Larsen & Toubro Ltd.

  • 1,362.10-9.20 (-0.67%)
  • Volume: 32,82,665
  • Closed
  • Last Updated On: 22 Jan, 2021, 04:00 PM IST
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  • Rank 11 - ET 5002020 ranking

Insights

View All

  • Monetisation of some of the power assets and assets in the metros where capital is locked should help in improving the operational and financial matrix.

  • The slowdown for the company had existed even before the Covid-19 crisis began. There is hardly any capex taking place from the private sector. Only government spending had been the source of orders.

  • If the infrastructure programmes announced recently by the government take place, the order flow could improve, But the State and Central government finances are already stretched. Which means things might take longer to fructify than expected

  • Given the low global oil-price scenario, countries in the Middle East have been slowing their investments in infrastructure. That is another headwind for the company.

InsightsLarsen & Toubro Ltd.

  • Monetisation of non-core assets

    Monetisation of some of the power assets and assets in the metros where capital is locked should help in improving the operational and financial matrix.

  • Pre-covid blues

    The slowdown for the company had existed even before the Covid-19 crisis began. There is hardly any capex taking place from the private sector. Only government spending had been the source of orders.

  • Government push in infrastructure?

    If the infrastructure programmes announced recently by the government take place, the order flow could improve, But the State and Central government finances are already stretched. Which means things might take longer to fructify than expected

  • Low oil price and Middle East

    Given the low global oil-price scenario, countries in the Middle East have been slowing their investments in infrastructure. That is another headwind for the company.

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Key Metrics

  • PE Ratio

    PE Ratio

    This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.

    (x)
    16.82
  • EPS - TTM

    EPS - TTM

    Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.

    (₹)
    80.99
  • MCap

    MCap

    MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.

    (₹ Cr.)
    1,91,274
  • Sectoral MCap Rank

    Sectoral MCap Rank

    This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.

    1
  • PB Ratio

    PB Ratio

    Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.

    (x)
    2.50
  • Div Yield

    Dividend Yield

    Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.

    (%)
    1.03
  • Face Value

    Face Value

    Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.

    (₹)
    2.00
  • Beta

    Beta

    1 Month1.38
    3 Months1.49
    6 Months1.30
    1 Year1.07
    3 Years1.09

    1.38
  • VWAP

    VWAP

    Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.

    (₹)
    1,359.04
  • 52W H/L

    52W H/L

    This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.

    (₹)
    1,396.00 / 661.00

Returns

  • 1 Day-0.67%
  • 1 Week0.59%
  • 1 Month7.87%
  • 3 Months45.48%
  • 1 Year5.25%
  • 3 Years-2.63%
  • 5 Years78.88%

Larsen & Toubro News & Analysis

View News, Announcements & Recos

Financials

  • Income (P&L)
  • Balance Sheet
  • Cash Flow
  • Ratios
  • MD&A

  • Insights

    • Quarterly Topline Performance

      Company witnessed QoQ revenue growth of 43.36%, which is highest in the last 3 years. (Source: Consolidated Financials)

    • Employee & Interest Expense

      Company has spent 1.92% of its operating revenues towards interest expenses and 15.89% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)
    Quarterly | AnnualSep 2020Jun 2020Mar 2020Dec 2019Sep 2019
    Total Income31,593.7722,037.3744,905.7636,711.6935,924.89
    Total Income Growth (%)43.36-50.9322.322.1919.67
    Total Expenses30,160.6517,983.1237,899.5530,780.8429,912.96
    Total Expenses Growth (%)67.72-52.5523.132.9020.65
    EBIT1,433.124,054.257,006.215,930.856,011.93
    EBIT Growth (%)-64.65-42.1318.13-1.3515.02
    PAT5,520.27303.143,197.072,352.122,527.26
    PAT Growth (%)1,721.03-90.5235.92-6.9371.62
    EBIT Margin (%)4.5418.4015.6016.1616.73
    Net Profit Margin (%)17.471.387.126.417.03
    Basic EPS (₹)39.322.1622.7816.7618.01
    Quarterly | AnnualSep 2020Jun 2020Mar 2020Dec 2019Sep 2019
    Total Income16,726.838,848.2528,054.4220,518.7619,773.85
    Total Income Growth (%)89.04-68.4636.733.7716.58
    Total Expenses17,628.927,803.1424,886.8318,666.6017,448.34
    Total Expenses Growth (%)125.92-68.6533.326.9817.18
    EBIT-902.091,045.113,167.591,852.162,325.51
    EBIT Growth (%)-186.32-67.0171.02-20.3512.28
    PAT6,716.51306.582,254.641,246.091,983.60
    PAT Growth (%)2,090.79-86.4080.94-37.1842.50
    EBIT Margin (%)-5.3911.8111.299.0311.76
    Net Profit Margin (%)40.153.468.046.0710.03
    Basic EPS (₹)47.832.1816.068.8814.14
    Quarterly | Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Revenue1,47,813.261,37,056.821,21,095.191,10,655.921,02,028.23
    Total Revenue Growth (%)7.8513.189.438.469.69
    Total Expenses1,34,382.311,23,616.231,09,579.031,01,889.9994,102.83
    Total Expenses Growth (%)8.7112.817.558.289.24
    Profit after Tax (PAT)9,549.038,905.137,369.866,041.234,232.88
    PAT Growth (%)7.2320.8321.9942.72-11.16
    Operating Profit Margin (%)11.1511.2710.909.249.47
    Net Profit Margin (%)6.566.586.155.524.18
    Basic EPS (₹)68.0463.5152.6243.2045.48
    Quarterly | Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Revenue85,191.5284,998.6176,347.3767,638.8262,185.58
    Total Revenue Growth (%)0.2311.3312.888.774.86
    Total Expenses78,832.6077,421.5069,515.5261,774.9556,056.75
    Total Expenses Growth (%)1.8211.3712.5310.205.85
    Profit after Tax (PAT)6,679.217,491.395,387.305,453.745,311.46
    PAT Growth (%)-10.8439.06-1.222.685.05
    Operating Profit Margin (%)10.4611.3811.0910.9212.67
    Net Profit Margin (%)8.109.107.238.298.88
    Basic EPS (₹)47.5953.4338.4639.0057.07

    All figures in Rs Cr, unless mentioned otherwise

    View Details
  • Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Assets3,08,140.132,78,347.362,45,053.352,12,181.601,94,726.15
    Total Assets Growth (%)10.7013.5915.498.960.28
    Total Liabilities2,31,896.082,09,146.451,83,771.361,58,401.481,47,652.95
    Total Liabilities Growth (%)10.8813.8116.027.28-0.42
    Total Equity76,244.0569,047.7161,128.7953,626.9247,073.20
    Total Equity Growth (%)10.4212.9513.9913.922.54
    Current Ratio (x)1.261.251.251.361.26
    Total Debt to Equity (x)2.112.021.661.681.99
    Contingent Liabilities23,291.7335,753.0824,550.8224,141.3123,594.20
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Assets1,41,556.591,24,659.731,15,610.021,02,238.4497,069.71
    Total Assets Growth (%)13.557.8313.085.3211.70
    Total Liabilities89,381.2474,611.3166,435.7756,225.7056,351.38
    Total Liabilities Growth (%)19.8012.3118.16-0.2213.11
    Total Equity52,175.3550,048.4249,021.0545,859.5440,718.33
    Total Equity Growth (%)4.252.106.8912.639.80
    Current Ratio (x)1.181.301.321.441.40
    Total Debt to Equity (x)0.490.240.200.210.30
    Contingent Liabilities52,146.9367,808.2246,004.0442,258.6719,427.25

    All figures in Rs Cr, unless mentioned otherwise

    View Details

  • Insights

    • Cash from Operations vs PAT

      Operating cash flow of Rs 6693.88 cr is 0.7 times compared to the reported net profit of Rs 9549.03 cr. (Source: Consolidated Financials)

    • Decrease in Cash from Investing

      Company has used Rs 8256.27 cr for investing activities which is an YoY decrease of 25.1%. (Source: Consolidated Financials)
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Net Cash flow from Operating Activities6,693.88-4,755.83-10,031.026,655.26-3,239.59
    Net Cash used in Investing Activities-8,256.27-11,022.803,914.50-9,795.94-4,626.56
    Net Cash flow from Financing Activities6,371.5515,440.179,370.462,895.937,252.70
    Net Cash Flow4,809.16-338.463,253.94-244.75-613.45
    Closing Cash & Cash Equivalent11,117.956,460.236,798.693,544.753,789.51
    Closing Cash & Cash Equivalent Growth (%)72.10-4.9891.80-6.46-35.18
    Total Debt/ CFO (x)21.07-26.40-9.2012.60-27.21
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Net Cash flow from Operating Activities-121.302,556.422,951.815,979.693,255.72
    Net Cash used in Investing Activities-6,833.741,585.191,787.06-46.44-522.06
    Net Cash flow from Financing Activities7,418.62-4,605.59-3,489.36-6,073.16-2,567.21
    Net Cash Flow463.58-463.981,249.51-139.91166.45
    Closing Cash & Cash Equivalent3,187.282,723.773,187.751,938.151,757.91
    Closing Cash & Cash Equivalent Growth (%)17.02-14.5664.4710.2510.46
    Total Debt/ CFO (x)-212.574.693.261.583.75

    All figures in Rs Cr, unless mentioned otherwise

    View Details
  • Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Return on Equity (%)14.3114.3113.2712.069.58
    Return on Capital Employed (%)9.9310.549.618.238.73
    Return on Assets (%)3.093.193.002.842.17
    Interest Coverage Ratio (x)5.808.468.497.555.79
    Asset Turnover Ratio (x)47.2048.5748.8351.5151.93
    Price to Earnings (x)11.8621.8325.0024.3926.81
    Price to Book (x)1.703.123.312.942.56
    EV/EBITDA (x)13.3118.3418.2718.3817.50
    EBITDA Margin (%)12.8412.6912.5111.4111.24
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Return on Equity (%)12.8014.9610.9911.8913.04
    Return on Capital Employed (%)14.3317.2114.9513.3615.22
    Return on Assets (%)4.716.004.655.335.47
    Interest Coverage Ratio (x)3.815.245.775.455.23
    Asset Turnover Ratio (x)58.1966.0064.4064.2861.58
    Price to Earnings (x)16.9825.9734.1327.0321.37
    Price to Book (x)2.173.883.753.212.78
    EV/EBITDA (x)14.0119.1520.3118.2314.44
    EBITDA Margin (%)11.7012.5912.5012.7714.34

  • MANAGEMENT DISCUSSION AND ANALYSIS (FY 2019-20)

    • Muted private sector spending

      Private sector investments continued to be muted in the areas of industrial capex and building infrastructure. Public sector spending, however, remained firm and was robust in the areas of core infrastructure, driven by the Government’s commitment to boost investment across multiple infrastructure sectors.

    • Challenging macro environment

      FY 2019-20 was a challenging year both for the Indian economy, which performed below its true potential, as well as the construction sector, which recorded a six-year low growth of 1.3%. Cement production saw a marginal decrease of 0.8% in FY 2019-20 as compared to 13.3% increase in FY 2018-19.

    • Tailwinds: Far and few

      With a discernable thrust on renewable energy, the award of some contracts in this area has been gaining momentum, which has offset the tapering of prospects on centrally sponsored intensive electrification projects under the ‘Saubhagya’ initiatives. As the implementation of Mass Rapid Transit System (MRTS) at various metros progressed well, the Government’s focus has turned to Tier II cities, and opportunities are being sighted there.

Financial InsightsLarsen

  • Income (P&L)
  • Cash Flow

    • Quarterly Topline Performance

      Company witnessed QoQ revenue growth of 43.36%, which is highest in the last 3 years. (Source: Consolidated Financials)

    • Employee & Interest Expense

      Company has spent 1.92% of its operating revenues towards interest expenses and 15.89% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)

    • Cash from Operations vs PAT

      Operating cash flow of Rs 6693.88 cr is 0.7 times compared to the reported net profit of Rs 9549.03 cr. (Source: Consolidated Financials)

    • Decrease in Cash from Investing

      Company has used Rs 8256.27 cr for investing activities which is an YoY decrease of 25.1%. (Source: Consolidated Financials)

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Technicals

  • Buy / Sell Signals
  • Price Analysis
  • Pivot Levels & ATR
  • Chart

  • Bullish / Bearish signals for Larsen & Toubro Ltd. basis selected technical indicators and moving average crossovers.

    5 Day EMA Crossover

    Bearish signal on daily chart

    Appeared on: 22 Jan 2021

    5D EMA: 1365.39

    Last 4 Sell Signals:15 Jan 2021
    Date7 days Gain/Loss %
    15 Jan 2021-2.07%
    21 Dec 2020-1.72%
    1 Dec 2020-1.06%
    25 Nov 2020-2.15%

    Average price decline of -1.86% within 7 days of Bearish signal in last 5 years

    Heikin-Ashi Changeover

    Bearish indication on daily chart

    • Prev. Close Price

      1361.90

    • LTP

      1362.10

    Formed on:22 Jan 2021

    On daily price chart, Heikin-Ashi candle changed from Green to Red

  • 45%
    Positive Movement since
    1st Jan 2005 on basis
    55%
    Negative Movement since
    1st Jan 2005 on basis
    Exclude

  • Pivot Levels

    R1R2R3PIVOTS1S2S3
    Classic1375.231388.371414.871361.871348.731335.371308.87

    Average True Range

    5 DAYS14 DAYS28 DAYS
    ATR32.8434.0533.69

Peer Comparison

  • Stock Performance
  • Ratio Performance
    • CHART
    • TABLE

    Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of -2.79% as compared to Nifty 100 which gave a return of 25.84%. (as of last trading session)

    • Stock Returns vs Nifty Infrastructure

      Stock generated -2.79% return as compared to Nifty Infrastructure which gave investors 4.29% return over 3 year time period. (as of last trading session)

    • Choose from Peers

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        • 1Y
        • 5Y

      • Insights

        • Stock Returns vs Nifty 100

          Stock gave a 3 year return of -2.79% as compared to Nifty 100 which gave a return of 25.84%. (as of last trading session)

        • Stock Returns vs Nifty Infrastructure

          Stock generated -2.79% return as compared to Nifty Infrastructure which gave investors 4.29% return over 3 year time period. (as of last trading session)

        Ratio Performance

        NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
        Larsen & Toubro16.822.5114.319.933.0910.0311.157.4468.041.262.1121.07
        Ircon Int.10.850.9811.639.843.7618.6312.418.4351.601.230.443.40
        Add More
        Annual Ratios (%)

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          Peers InsightsLarsen & Toubro Ltd.

          • Stock Returns vs Nifty 100

            Stock gave a 3 year return of -2.79% as compared to Nifty 100 which gave a return of 25.84%. (as of last trading session)

          • Stock Returns vs Nifty Infrastructure

            Stock generated -2.79% return as compared to Nifty Infrastructure which gave investors 4.29% return over 3 year time period. (as of last trading session)

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          Shareholding Pattern

          • QOQ Change
          • Total Shareholdings
          • Showing Shareholding as on 31 Dec 2020
            Category31 Dec 202030 Sep 202030 Jun 202031 Mar 2020
            Promoters0.000.000.000.00
            Pledge0.000.000.000.00
            FII21.1117.8918.7716.90
            DII33.2935.5436.0638.00
            Mutual Funds14.8616.5717.1519.19
            Others45.6046.5745.1745.10
          • Showing Shareholding as on 31 Dec 2020
            CategoryNo. of SharesPercentage% Change QoQ
            FII29,20,39,82321.11 %3.22
            DII46,06,32,78433.29 %-2.25
            MF20,55,19,54414.86 %-1.71
            Others65,15,84,08945.60 %-0.97

          MF Ownership

          MF Ownership as on 31 December 2020

          View all Schemes

          Top Searches:

          Larsen & Toubro News Larsen & Toubro Quarterly Results Larsen & Toubro Dividend Larsen & Toubro Q1 ResultsLarsen & Toubro Q2 ResultsLarsen & Toubro Q3 ResultsLarsen & Toubro Q4 Results

          F&O Quote

          • Futures
          • Options
            • Expiry

            Price

            1,364.90-10.25 (-0.75%)

            OpenHighLowPrev CloseContracts TradedTurnover (₹ Lakhs)
            1,365.601,376.001,350.201,375.1512,40697,137.87

          Corporate Actions

          • Board Meeting/AGM
          • Dividends
          • Others
          • Meeting DateAnnounced onPurposeDetails
            Jan 25, 2021Jan 11, 2021Board MeetingQuarterly Results
            Oct 28, 2020Oct 23, 2020Board MeetingQuarterly Results & Special Dividend
            Aug 13, 2020Jul 13, 2020AGMBook closure from Aug 7, 2020 to Aug 13, 2020
            Jul 22, 2020Jul 13, 2020Board MeetingQuarterly Results
            Jun 05, 2020May 22, 2020Board MeetingAudited Results & Dividend
          • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
            Special900%18.0Nov 04, 2020Oct 23, 2020
            Final400%8.0Aug 05, 2020Jun 05, 2020
            Interim500%10.0Mar 24, 2020Mar 13, 2020
            Final900%18.0Jul 24, 2019May 10, 2019
            Final800%16.0Aug 14, 2018May 28, 2018
          • All TypesEx-DateRecord DateAnnounced onDetails
            BonusJul 13, 2017Jul 14, 2017May 29, 2017Bonus Ratio: 1 share(s) for every 2 shares held
            BonusJul 11, 2013Jul 13, 2013May 22, 2013Bonus Ratio: 1 share(s) for every 2 shares held
            BonusOct 01, 2008Oct 03, 2008May 29, 2008Bonus Ratio: 1 share(s) for every 1 shares held
            BonusSep 28, 2006Sep 29, 2006Jun 07, 2006Bonus Ratio: 1 share(s) for every 1 shares held
            Bonus--Aug 01, 1986Bonus Ratio: 3 share(s) for every 5 shares held

          About Larsen & Toubro

          Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 191273.80 Crore) operating in Construction sector. Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work which contributed Rs 78091.00 Crore to Sales Value (94.78 % of Total Sales), Income from Manufacturing and Trading Activities which contributed Rs 2065.73 Crore to Sales Value (2.50 % of Total Sales), Other Services which contributed Rs 1141.31 Crore to Sales Value (1.38 % of Total Sales), Other Operating Revenue which contributed Rs 686.97 Crore to Sales Value (0.83 % of Total Sales), Property Development which contributed Rs 174.82 Crore to Sales Value (0.21 % of Total Sales), Commission which contributed Rs 98.25 Crore to Sales Value (0.11 % of Total Sales), Lease Rentals which contributed Rs 78.70 Crore to Sales Value (0.09 % of Total Sales) and Engineering which contributed Rs 46.87 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2020. Show More

          • Executives
          • Auditors
          • AM

            A M Naik

            Group Chairman
            AS

            A Sivaram Nair

            Co. Secretary & Compl. Officer
            AS

            A Sivaram Nair

            Secretary
            AS

            Adil Siraj Zainulbhai

            Independent Director
            Show More
          • Deloitte Haskins & Sells LLP

          Industry

          Construction & Engineering

          Key Indices Listed on

          Nifty 50, S&P BSE Sensex, Nifty 100, + 31 more

          Address

          L&T House,Ballard Estate,Mumbai, Maharashtra - 400001

          Contact

          igrc@larsentoubro.com

          http://www.larsentoubro.com

          More Details

          Larsen & Toubro Share Price Update

          Larsen & Toubro Ltd. share price moved down by -0.67% from its previous close of Rs 1,371.30. Larsen & Toubro Ltd. stock last traded price is 1,362.10

          Share PriceValue
          Today/Current/Last1,362.10
          Previous Day1,371.30

          Trending in Markets

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