Larsen & Toubro Ltd.    
30 Oct 2020, 12:00AM
929.50
-0.54%
buy
ICICI Securities Limited
Decent order inflows led by infrastructure & services segment For Q2FY21, L&T; registered reasonable order inflows at the group level worth | 28039 crore, which de-grew 42% YoY, on account of deferral of award decisions largely caused by pandemic. International orders for Q2FY21 came in at | 10200 crore, contributing 36% to order inflows. Overall infrastructure segment secured orders worth | 14522 crore (~52% of total inflows), which included international orders in water effluent and power T&D; segment, domestic orders for rural water supply, etc. L&T;'s order...
Larsen & Toubro Ltd. has an average target of 1334.00 from 15 brokers.
Larsen & Toubro Ltd.    
29 Oct 2020, 09:14PM
929.50
-0.54%
HDFC Securities
We tweak our FY21/FY22 estimate by 0.1/-0.6% and keep the target price unchanged at Rs 1,260/sh While LT 2QFY21 revenue/EBITDA/APAT was (7)/0.4/(19)% (miss)/beat on our estimate, robust FCF generation, contained NWC, and directionally strong commentary on ordering were key positives. LT has taken impairment on key non-core assets to make them monetisation ready. Talks on Hyderabad Metro project restructuring/refinancing have been initiated, and focus is on re-investing the surplus E&A; proceeds towards high RoE growth businesses. Despite near-term challenges, we reiterate BUY on LT, given its (1) strong order book (Rs 2.99tn, ~3x FY20 core EPC revenue), (2) healthy balance sheet and (3) robust services business.
Larsen & Toubro Ltd. is trading above it's 150 day SMA of 906.8
Larsen & Toubro Ltd.    
20 Oct 2020
929.50
-0.54%
Larsen & Toubro Ltd. has an average target of 1334.00 from 15 brokers.
Larsen & Toubro Ltd.    
12 Oct 2020
929.50
-0.54%
HDFC Securities
Recommendations and stock picks: From a near to mid-term perspective, the government would drive ordering, and private Capex/opex will be late-cycle recovery. Hence, recovery plays with high government exposure will remain in focus. In capital goods, LT is our top pick. In the mid-cap space, KPTL, KNR, PNC, HG Infra and Ahluwalia are our top picks Converging towards normalisation: Within our coverage universe, we expect operations to have normalised from Sep-20. Labour is back/exceeded pre-COVID-19 levels, which augurs well for execution. Some of the cost rationalisation measures would continue even post lifting of lockdown restrictions and shall help improve EBITDA margins. FYTD21 ordering has been robust, and momentum is expected to continue for 2HFY21E. Working capital is expected to improve over the next two quarters as GST impasse gets resolved between the Central and State Governments. High-frequency data is pointing towards economic recovery, which shall alleviate concern on the government fiscal situation. States are also gearing up to take new infrastructure projects
1 Comment
14 Oct 2020  Like
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Larsen & Toubro Ltd. has lost -36.95% in the last 1 Year
Larsen & Toubro Ltd.    
01 Sep 2020
929.50
-0.54%
Motilal Oswal
Adjusting for taxes and debt, the company is likely to garner net cash inflow of USD1.4b as proceeds. originally announced, and even until the days preceding the COVID-19 outbreak, we expected the proceeds to be utilized for buybacks or put toward a one-time special dividend of INR7080/sh. However, COVID-19 has posed various challenges, including the risk of funding requirements in non-core businesses such as L&T; Finance and Hyderabad Metro. the nature of use of the proceeds may be against the original expectation; however, this has more to do with COVID-19-led risks than any change in the managements intention to return excess cash to shareholders. Owing to the proceeds, L&T; is likely to maintain a strong liquidity position and does not have to depend on debt on a net basis to support core business execution. had already communicated that it may utilize part of the funds to restructure the capital structure of the Hyderabad Metro by replacing external debt.
Larsen & Toubro Ltd. is trading above it's 150 day SMA of 906.8
Larsen & Toubro Ltd.    
28 Aug 2020
929.50
-0.54%
buy
Sharekhan
Larsen and Toubro (L&T;) remains at the forefront to reap benefits from the recentlyannounced Atma Nirbhar Bharat scheme from the government of India with its diversified businesses across sectors like defence, infrastructure (roads, railways, metros, DRC), heavy engineering, IT (digitalisation). In the recent move from the Ministry of Defence, wherein the import embargo was placed for 101 defence items will prove to be beneficial for L&T; as it is already manufacturing more than 50% of the items stated in the first negative list of 101 items. The company have been focusing on the defence manufacturing and have also been ramping up operations (invested ~Rs. 8,000 crore) in the space over the last few year. Further, the government's announcement to create...
Number of FIIs/FPIs holding stock fell by 39 to 857 in Sep 2020 qtr.
Larsen & Toubro Ltd.    
18 Aug 2020
929.50
-0.54%
Emkay
Refer to important disclosures at the end of this report Counter-cyclical infrastructure spending to boost the economy not a realistic hope We appreciate your support in the Asiamoney Brokers Poll 2020 Several experts suggest a counter-cyclical infrastructure driven stimulus worth the size of 5-15% of GDP (as compared to estimated direct government-funded spend of below 3% in FY20) to bail out the economy. We took a deep dive into India's fiscal math just as we look at corporate finances to find that India does not...
Larsen & Toubro Ltd. has an average target of 1334.00 from 15 brokers.
Larsen & Toubro Ltd.    
10 Aug 2020
929.50
-0.54%
Prabhudas Lilladhar
margins in North and Gujarat regions. East region would witness flooding of capacity addition over next couple of years. However, we do not expect further deterioration in region's margins given the wafer thin margins (with near nil RoCE) and likely consolidation. Commissioning of CPP, WHR and split grinding unit at Odisha further boosted the cost competitiveness of its East operations. Led by bottomed-out earnings in East operations (25% of volumes) and strong outlook on North and Gujarat region (combined 75%), JKLC's earnings quality improved significantly over last couple of years....
ICICI Securities Limited released a Hold report for Larsen & Toubro Ltd. with a price target of 1045.0 on 30 Oct, 2020.
Larsen & Toubro Ltd.    
07 Aug 2020
929.50
-0.54%
Geojit BNP Paribas
Given current upside potential, we reiterate our BUY rating on the stock with a revised target price of Rs. 1,154 based on SOTP valuation. Economic disruption impacts performance Q1FY21 consolidated revenue came in at Rs. 21,260cr (-28.3% YoY), as the company saw declines in revenue from its verticals across the board, with exception of IT&TS; which registered a 57.2% YoY growth to Rs. 6,043cr. Among its key segments, Infrastructure revenues stood at Rs. 6,456cr (-53.1% YoY), Hydrocarbon at Rs. 3,070cr (-18.5%) and Financial Services at 3,284cr (-5.1). EBITDA fell 47.2% YoY to Rs....
Number of FIIs/FPIs holding stock fell by 39 to 857 in Sep 2020 qtr.
Larsen & Toubro Ltd.    
07 Aug 2020
929.50
-0.54%
Prabhudas Lilladhar
Bayer reported better than expected results with robust growth in both crop protection and seeds segment. Topline/EBITDA/APAT grew by 29%/61%/57% YoY. Gross margin contraction of 240 bps would have been largely due to higher sales growth of Roundup (Glyphosate) which is a low margin product for the company. Liquidation growth continues to be better than placement growth implying limited build-up of stocks at the dealer level. With robust paddy plantings and decent growth in Corn acreages, seeds segment is...
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Larsen & Toubro Ltd. is trading below it's 200 day SMA of 978.7