Larsen & Toubro

Market Cap (₹ Cr.)

₹4,82,018

52 Week High

3,919.90

Book Value

₹628

52 Week Low

3,031.05

PE Ratio

35.83

PB Ratio

5.40

PE for Sector

37.23

PB for Sector

-0.66

ROE

15.18 %

ROCE

18.27 %

Dividend Yield

0.97 %

EPS

₹96.60

Industry

Infrastructure Developers & Operators

Sector

Engineering - Turnkey Services

Investment Returns

In Long Term

In Short Term

1 Year

0.00%

2 Years

0.00%

3 Years

0.00%

4 Years

0.00%

5 Years

0.00%

Growth Rate

Revenue Growth

20.94 %

Net Income Growth

23.33 %

Cash Flow Change

-19.80 %

ROE

24.55 %

ROCE

0.67 %

EBITDA Margin (Avg.)

-7.13 %

Financial Results

Quarterly Financials	Mar 2015	Jun 2015	Sept 2015	Dec 2015	Mar 2016	Jun 2016	Sept 2016	Dec 2016	Mar 2017	Jun 2017	Sept 2017	Dec 2017	Mar 2018	Jun 2018	Sept 2018	Dec 2018	Mar 2019	Jun 2019	Sept 2019	Dec 2019	Mar 2020	Jun 2020	Sept 2020	Dec 2020	Mar 2021	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024
Revenue	19,724	11,966	15,262	16,537	23,084	12,519	17,120	16,323	23,621	14,345	16,697	18,221	27,443	14,720	18,819	22,069	30,402	17,642	19,928	20,708	28,195	8,873	25,210	20,915	34,994	13,780	22,836	26,646	38,142	20,780	27,324	28,618	37,814	28,304	30,387	32,827	40,645	32,727	35,752
Expenses	16,477	10,592	13,076	14,979	19,472	11,122	13,482	14,472	21,216	12,956	14,552	16,046	23,408	13,009	16,037	19,153	26,263	15,304	17,190	18,422	24,630	7,568	17,380	17,756	30,527	12,083	19,586	23,622	33,570	18,666	23,862	25,469	33,210	25,175	26,231	29,142	36,143	28,294	31,964
EBITDA	3,246	1,374	2,186	1,558	3,612	1,397	3,638	1,851	2,404	1,389	2,145	2,176	4,035	1,710	2,781	2,916	4,139	2,338	2,739	2,285	3,565	1,305	7,831	3,159	4,467	1,696	3,250	3,024	4,572	2,114	3,462	3,150	4,604	3,130	4,157	3,685	4,502	4,433	3,788
Operating Profit %	12 %	6 %	7 %	5 %	13 %	8 %	7 %	8 %	9 %	7 %	8 %	9 %	13 %	8 %	8 %	9 %	11 %	7 %	8 %	7 %	10 %	7 %	-10 %	10 %	12 %	8 %	8 %	8 %	10 %	8 %	7 %	8 %	10 %	7 %	7 %	8 %	9 %	7 %	8 %
Depreciation	246	269	309	192	228	279	273	267	396	258	259	265	267	220	227	230	269	252	267	245	257	235	249	240	331	260	290	287	308	342	338	335	357	379	416	438	518	481	505
Interest	335	315	374	398	389	331	360	357	268	359	367	330	376	347	370	489	473	518	595	590	564	708	656	568	487	467	424	415	441	505	579	508	534	547	584	630	644	567	583
Profit Before Tax	2,666	790	1,503	968	2,995	786	3,005	1,227	1,740	772	1,518	1,580	3,393	1,144	2,184	2,197	3,397	1,569	1,876	1,451	2,744	362	6,925	2,351	3,649	969	2,536	2,322	3,824	1,267	2,546	2,307	3,713	2,204	3,157	2,616	3,339	3,385	2,700
Tax	603	226	259	166	782	253	299	340	784	223	372	372	1,007	214	476	587	1,132	336	229	211	749	51	193	354	1,046	220	428	550	1,115	391	468	571	905	464	471	478	791	467	618
Net Profit	2,061	563	1,244	801	2,391	547	2,719	934	1,254	558	1,162	1,222	2,445	912	1,754	1,635	2,350	1,253	1,925	1,246	2,255	307	6,717	1,873	2,418	750	2,146	1,823	2,901	911	2,109	1,825	3,003	1,792	2,710	2,136	2,666	2,961	1,993
EPS in ₹	22.18	6.06	13.37	8.61	25.67	5.87	19.44	10.02	13.44	3.99	8.30	8.72	17.45	6.51	12.51	11.93	16.76	8.93	13.72	8.88	16.06	2.18	47.83	13.34	17.22	5.34	14.42	12.98	20.65	6.49	15.01	12.99	21.37	12.75	19.29	15.54	19.40	21.54	14.50

Show % Change

Above figures are in Rs. Crores

Balance Sheet

Balance Sheet	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	86,904	99,621	1,02,238	1,15,607	1,24,660	1,41,557	1,59,916	1,68,502	1,72,424	1,75,283
Fixed Assets	7,487	7,715	7,045	6,941	8,592	7,840	9,165	9,113	9,756	11,040
Current Assets	57,283	67,091	70,100	79,402	91,059	95,635	1,15,245	1,22,018	1,22,200	1,23,491
Capital Work in Progress	494	412	504	653	739	797	287	583	1,955	1,424
Investments	5,380	23,991	26,759	27,339	22,904	34,034	49,414	45,528	47,261	47,542
Other Assets	73,542	67,502	67,931	80,674	92,425	98,885	1,01,051	1,13,278	1,13,452	1,15,278
Total Liabilities	49,819	57,486	56,225	66,433	74,612	89,382	98,178	1,01,388	1,00,896	1,10,867
Current Liabilities	40,483	48,723	48,528	60,355	70,259	81,380	80,705	87,568	89,705	98,027
Non Current Liabilities	9,336	8,762	7,697	6,078	4,352	8,001	17,473	13,821	11,192	12,840
Total Equity	37,085	42,135	46,013	49,174	50,048	52,175	61,738	67,114	71,528	64,416
Reserve & Surplus	36,899	41,949	45,826	48,894	49,768	51,895	61,457	66,833	71,247	64,141
Share Capital	186	186	187	280	281	281	281	281	281	275

Show % Change

Above figures are in Rs. Crores

Cash Flow

Cash Flow	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Cash Flow	-203	-687	-140	1,250	-464	464	82	2,193	-1,916	137
Investing Activities	-1,884	-1,522	-46	1,787	1,585	-6,834	-2,780	4,555	-1,738	6,365
Operating Activities	3,118	3,300	5,980	2,952	2,556	-121	9,561	5,999	7,264	8,294
Financing Activities	-1,437	-2,464	-6,073	-3,489	-4,606	7,419	-6,698	-8,360	-7,441	-14,522

Show % Change

Above figures are in Rs. Crores

Share Holding

% Holding	Mar 2021	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024
Promoter	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %	0.00 %
FIIs	22.01 %	22.88 %	22.86 %	23.24 %	22.42 %	21.09 %	22.05 %	23.24 %	24.43 %	25.25 %	25.66 %	25.44 %	24.33 %	22.82 %	21.68 %
DIIs	33.19 %	32.75 %	33.11 %	32.70 %	33.49 %	34.62 %	40.68 %	39.96 %	38.82 %	38.19 %	37.35 %	37.52 %	38.25 %	39.06 %	40.61 %
Government	0.50 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.23 %	0.24 %	0.24 %
Public / Retail	44.29 %	44.14 %	43.80 %	43.82 %	43.86 %	44.07 %	37.04 %	36.57 %	36.52 %	36.33 %	36.76 %	36.81 %	37.19 %	37.88 %	37.47 %

Show % Change

Dividend History

Peer Comparison Compare Peers on Screener

Competitors	LTP	Market Cap (₹ Cr.)	P/E Ratio	Revenue (₹ Cr.)	YoY Revenue Growth %	Net Profit (₹ Cr.)	YoY Profit Growth %	RSI
Larsen & Toubro	3,485.90	4,82,018.22	35.83	2,25,270.94	20.94	15,570	6.59	45.33
Techno Electric & Engineering	1,487.30	17,066.96	53.85	1,638.49	81.22	271	27.69	41.36
ACME Solar Holdings	245.20	15,977.34	130.07	1,466.27	7.71	698	-	-
Sterling & Wilson Renewable Energy	473.40	11,115.16	-	3,120.79	46.80	-211	115.72	28.92
VA Tech Wabag	1,710.00	10,561.49	40.48	2,899.80	-3.79	250	16.97	52.53
Reliance Infrastructure	249.90	10,208.30	-	22,519.20	6.42	-646	2,403.73	42.47
Engineers India	178.46	10,189.83	27.55	3,500.02	0.16	360	-21.83	41.46
Isgec Heavy Engineering	1,299.20	9,486.04	32.57	6,245.24	-2.60	255	50.24	44.64
Power Mech Projects	2,503.50	8,011.25	29.34	4,234.40	17.03	248	35.58	29.78
GMR Power & Urban Infra	99.77	7,362.81	-	4,834.67	-17.75	-111	302.45	30.16