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Larsen & Toubro

₹00123456789,001234567890012345678900123456789.0012345678900123456789-9.3%
52w low (est.) ₹3,117.75₹4,743.41 52w high (est.)
Peers
Market data
Market cap
₹5.43T
52-week range
₹3,288.10 – ₹4,440.00
Beta (vs market)
0.46
Sector
Industrials
Valuation
P/E ratio
33.8x
DCF fair value
₹1,578.32
Margin of safety
-58.6%
Forward P/E
21.5x
PEG ratio
1.06
Dividend yield
0.98%
Quality & efficiency
Moat score
58/100
Return on equity
17.0%
Profit margin
5.5%
Debt / equity
0.98
Growth & analysts
Revenue growth (YoY)
+11.7%
Analyst target
₹4,512.19
Target upside
+18.2%
Analysts covering
31

About Larsen & Toubro

Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The company operates through four segments: Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, and Others. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission & distribution, renewables, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in clean energy space, oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems; and electrolysers. The other segment engages in realty; smart infrastructure and communication projects; construction equipment; and industrial product design development, including marketing and servicing of construction equipment, mining machinery and parts thereof, manufacture and sale of rubber processing machinery, and ecommerce/digital platforms and data centers. It has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. The company was founded in 1938 and is headquartered in Mumbai, India.

Valuation

ValueGrowthProfitHealthIncome33QUALITY
Overall Rating
35
Reduce
Reduce
Moat Score58
DCF Intrinsic Value
₹1,578.32-58.6% downside

Moat, DCF and rating computed by our valuation engine (ported from the original Python model).

Fundamentals

Market Cap
₹5.43T
P/E Ratio
33.8
Dividend Yield
0.98%
Revenue Growth
+11.7%
Profit Margin
5.5%
ROE
17.0%
Debt / Equity
0.98
Beta
0.46
vs Industrials sector:P/E 34 vs 28 Moat 58 vs 1Yield 0.98% vs 0.0%

Statistics

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