Whalesbook
рдореЛрддреАрд▓рд╛рд▓ рдУрд╕рд╡рд╛рд▓ рдХреА рд░рд┐рд╕рд░реНрдЪ рд░рд┐рдкреЛрд░реНрдЯ рд▓рд╛рд░реНрд╕рди рдПрдВрдб рдЯреБрдмреНрд░реЛ рдХреА рджреАрд░реНрдШрдХрд╛рд▓рд┐рдХ рд╡рд┐рдХрд╛рд╕ рд░рдгрдиреАрддрд┐ рдкрд░ рдкреНрд░рдХрд╛рд╢ рдбрд╛рд▓рддреА рд╣реИред рдХрдВрдкрдиреА рдордзреНрдп рдкреВрд░реНрд╡ рдХреЛ рд▓реЗрдХрд░ рдЖрд╢рд╛рд╡рд╛рджреА рд╣реИ, рдЬреЛ рд╕рд╛рд▓рд╛рдирд╛ рдордзреНрдп-рдХрд┐рд╢реЛрд░реЛрдВ (mid-teen) рдореЗрдВ рдСрд░реНрдбрд░ рд╡реГрджреНрдзрд┐ рдХреА рдЙрдореНрдореАрдж рдХрд░ рд░рд╣реА рд╣реИред рдмрдврд╝рддреЗ рдХреИрдкреЗрдХреНрд╕ (рдкреВрдВрдЬреАрдЧрдд рд╡реНрдпрдп) рдХреЗ рд╕рд╛рде, рд▓рд╛рд░реНрд╕рди рдПрдВрдб рдЯреБрдмреНрд░реЛ рд╕рддрдд рдордзреНрдпрдо рд╕реЗ рджреАрд░реНрдШрдХрд╛рд▓рд┐рдХ рд╡рд┐рдХрд╛рд╕ рдХрд╛ рд▓рдХреНрд╖реНрдп рд░рдЦрддреА рд╣реИред рдореЛрддреАрд▓рд╛рд▓ рдУрд╕рд╡рд╛рд▓ рдиреЗ 'BUY' рд░реЗрдЯрд┐рдВрдЧ рдФрд░ тВ╣4,500 рдХрд╛ рд▓рдХреНрд╖реНрдп рдореВрд▓реНрдп рдмрдирд╛рдП рд░рдЦрд╛ рд╣реИред
Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets.[1]
Business segments[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Larsen & Toubro | 4024.90 | 54.03 | 553616.41 | 0.84 | -3591.17 | -39.02 | 35115.74 | 0.56 | 18.54 | 145899.42 | 7.78 | 10246.72 | 1212.43 | 8.15 | 6.43 | 0.27 |
| 2. | Rail Vikas | 314.00 | 57.66 | 65469.63 | 0.55 | 230.52 | -19.73 | 5122.97 | 5.52 | 14.72 | 20026.00 | 4.70 | 1135.41 | 230.29 | 6.85 | 6.40 | 0.52 |
| 3. | NBCC | 112.61 | 45.54 | 30415.19 | 0.59 | 156.69 | 25.71 | 2910.20 | 18.99 | 33.17 | 12751.71 | 5.04 | 667.83 | 153.52 | 11.38 | 4.68 | 0.00 |
| 4. | IRB Infra.Devl. | 43.67 | 30.15 | 26390.32 | 0.69 | 140.82 | 41.00 | 1751.02 | 10.42 | 7.82 | 8024.67 | 48.08 | 875.41 | 140.82 | 1.29 | 2.01 | 1.02 |
| 5. | Kalpataru Proj. | 1229.40 | 25.62 | 21033.23 | 0.73 | 237.39 | 91.27 | 6528.57 | 32.43 | 15.95 | 25498.99 | 8.25 | 821.04 | 240.05 | 3.02 | 2.36 | 0.69 |
| 6. | KEC International | 699.20 | 27.25 | 18614.03 | 0.79 | 160.75 | 88.21 | 6091.56 | 19.13 | 17.98 | 23335.94 | 7.26 | 683.11 | 160.75 | 3.30 | 2.75 | 0.94 |
| 7. | Ircon Intl. | 162.30 | 25.41 | 15265.49 | 1.63 | 136.51 | -32.68 | 1976.75 | -19.23 | 11.60 | 9787.96 | 7.43 | 600.65 | 138.65 | 2.36 | 3.74 | 0.80 |
| тАУ | Median: 117 Co. | 144.1 | 20.36 | 591.51 | 0.0 | 9.14 | 23.65 | 150.39 | 10.71 | 18.3 | 514.82 | 12.78 | 26.11 | 9.14 | 2.25 | 6.77 | 0.43 |
Standalone figures in тВ╣ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 25,770 | 27,785 | 36,734 | 26,931 | 28,151 | 31,601 | 39,551 | 30,277 | 34,919 | 34,984 | 42,329 | 33,471 | 35,116 |
Expenses | 23,862 | 25,469 | 33,210 | 25,057 | 26,230 | 29,142 | 36,063 | 28,281 | 31,967 | 32,101 | 38,571 | 31,080 | 32,796 |
Operating Profit | 1,908 | 2,317 | 3,524 | 1,873 | 1,921 | 2,459 | 3,488 | 1,996 | 2,952 | 2,883 | 3,758 | 2,391 | 2,320 |
Other Income | 1,554 | 833 | 1,080 | 1,256 | 2,236 | 1,226 | 1,069 | 2,446 | 831 | 1,195 | 1,671 | 2,606 | -4,339 |
Profit before tax | 2,546 | 2,307 | 3,713 | 2,204 | 3,157 | 2,616 | 3,393 | 3,394 | 2,695 | 3,047 | 4,439 | 4,040 | -2,982 |
Tax % | 17% | 21% | 19% | 19% | 14% | 18% | 20% | 13% | 26% | 21% | 21% | 14% | 20% |
Net Profit | 2,109 | 1,825 | 3,003 | 1,792 | 2,710 | 2,136 | 2,715 | 2,969 | 1,988 | 2,404 | 3,509 | 3,485 | -3,591 |
EPS in Rs | 15.01 | 12.99 | 21.37 | 12.75 | 19.72 | 15.54 | 19.75 | 21.60 | 14.46 | 17.49 | 25.52 | 25.34 | -26.11 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 56,525 | 56,942 | 63,177 | 65,724 | 74,463 | 82,287 | 82,384 | 87,255 | 101,000 | 110,501 | 126,233 | 142,509 | 145,899 |
Expenses | 49,725 | 50,293 | 57,004 | 59,186 | 66,678 | 74,545 | 75,444 | 78,869 | 91,867 | 100,527 | 116,423 | 129,211 | 134,548 |
Operating Profit | 6,799 | 6,648 | 6,173 | 6,538 | 7,784 | 7,742 | 6,940 | 8,387 | 9,133 | 9,974 | 9,811 | 13,298 | 11,351 |
Other Income | 2,469 | 2,641 | 2,766 | 2,809 | 2,043 | 4,897 | 4,073 | 9,192 | 3,880 | 3,432 | 5,778 | 4,521 | 1,133 |
Interest | 1,208 | 1,579 | 1,686 | 1,374 | 1,516 | 1,877 | 2,368 | 2,459 | 1,832 | 2,201 | 2,487 | 2,282 | 1,996 |
Depreciation | 792 | 1,008 | 997 | 1,215 | 1,049 | 1,000 | 1,021 | 1,151 | 1,172 | 1,372 | 1,753 | 1,963 | 1,945 |
Profit before tax | 7,268 | 6,701 | 6,256 | 6,758 | 7,262 | 9,763 | 7,624 | 13,969 | 10,009 | 9,833 | 11,348 | 13,574 | 8,544 |
Net Profit | 5,493 | 5,056 | 5,000 | 5,454 | 5,387 | 7,491 | 6,679 | 11,798 | 7,879 | 7,849 | 9,331 | 10,871 | 5,808 |
EPS in Rs | 39.51 | 36.26 | 35.78 | 38.97 | 38.44 | 53.41 | 47.58 | 84.00 | 56.08 | 55.85 | 67.88 | 79.05 | 42.24 |
Dividend Payout % | 24% | 30% | 34% | 24% | 42% | 34% | 38% | 43% | 39% | 43% | 50% | 43% | тАУ |
Standalone figures in тВ╣ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 185 | 186 | 186 | 187 | 280 | 281 | 281 | 281 | 281 | 281 | 275 | 275 | 275 |
Reserves | 33,476 | 36,899 | 41,949 | 45,826 | 48,894 | 49,768 | 51,895 | 61,457 | 66,833 | 71,247 | 64,241 | 71,621 | 67,650 |
Borrowings | 11,459 | 12,937 | 13,924 | 10,558 | 10,561 | 11,990 | 25,942 | 24,664 | 20,477 | 18,339 | 22,812 | 22,295 | 18,342 |
Other Liabilities | 33,184 | 36,883 | 43,561 | 45,667 | 55,871 | 62,622 | 63,439 | 73,513 | 80,912 | 82,558 | 88,436 | 92,225 | 96,824 |
Total Liabilities | 78,305 | 86,904 | 99,621 | 102,238 | 115,607 | 124,660 | 141,557 | 159,916 | 168,502 | 172,424 | 175,764 | 186,416 | 183,091 |
Fixed Assets | 7,675 | 7,487 | 7,268 | 7,045 | 6,941 | 8,592 | 7,840 | 9,165 | 9,113 | 9,756 | 11,119 | 11,254 | 11,418 |
Gross Block | 11,663 | 12,290 | 8,369 | 9,409 | 10,283 | 13,163 | 12,665 | 15,218 | 16,046 | 17,750 | 20,522 | 22,234 | тАУ |
Accumulated Depreciation | 3,985 | 4,800 | 1,100 | 2,365 | 3,342 | 4,571 | 4,825 | 6,053 | 6,933 | 7,994 | 9,403 | 10,980 | тАУ |
CWIP | 562 | 494 | 412 | 504 | 653 | 739 | 797 | 287 | 583 | 1,955 | 1,424 | 1,139 | 2,003 |
Investments | 19,215 | 23,053 | 24,438 | 26,759 | 27,339 | 22,904 | 34,034 | 49,414 | 45,528 | 47,261 | 47,463 | 57,642 | 50,638 |
Other Assets | 50,853 | 55,869 | 67,502 | 67,931 | 80,674 | 92,425 | 98,885 | 101,050 | 113,279 | 113,452 | 115,759 | 116,381 | 119,032 |
Total Assets | 78,305 | 86,904 | 99,621 | 102,238 | 115,607 | 124,660 | 141,557 | 159,916 | 168,502 | 172,424 | 175,764 | 186,416 | 183,091 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 1,047 | 3,118 | 3,300 | 5,980 | 2,952 | 2,556 | -121 | 9,561 | 5,999 | 7,264 | 8,297 | 12,724 |
Cash from Investing Activity | -1,214 | -1,884 | -1,522 | -46 | 1,787 | 1,585 | -6,834 | -2,780 | 4,555 | -1,738 | 6,362 | -6,356 |
Cash from Financing Activity | 504 | -1,437 | -2,464 | -6,073 | -3,489 | -4,606 | 7,419 | -6,698 | -8,360 | -7,441 | -14,522 | -6,725 |
Net Cash Flow | 337 | -203 | -687 | -140 | 1,250 | -464 | 464 | 82 | 2,193 | -1,916 | 137 | -357 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 139 | 148 | 110 | 111 | 112 | 125 | 124 | 139 | 131 | 110 | 107 | 98 |
Inventory Days | 30 | 33 | 26 | 24 | 30 | 35 | 29 | 29 | 26 | 25 | 23 | 20 |
Days Payable | 247 | 275 | 296 | 324 | 370 | 378 | 383 | 405 | 384 | 309 | 265 | 224 |
Cash Conversion Cycle | -78 | -94 | -160 | -190 | -228 | -218 | -230 | -237 | -226 | -174 | -135 | -106 |
Working Capital Days | 45 | 63 | 58 | 61 | 51 | 38 | 19 | 34 | 34 | 25 | 11 | -2 |
ROCE % | 18% | 16% | 13% | 13% | 14% | 16% | 13% | 12% | 13% | 14% | 15% | 19% |
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