|
25 Apr 2025 |
Larsen & Toubro
|
Consensus Share Price Target
|
3330.30 |
4013.18 |
- |
20.51 |
buy
|
|
|
|
|
01 Nov 2023
|
Larsen & Toubro
|
ICICI Securities Limited
|
3330.30
|
3600.00
|
2895.30
(15.02%)
|
Target met |
Buy
|
|
|
L&T had an excellent quarter and H1 led by: 1) a substantially higher order inflow; 2) completion of buyback; and 3) continued improvement in working capital. Order inflow for Q2 and H1 (ex-services) was INR 892bn, +100% YoY (vs. est. INR 600bn) and INR 1.25trn, +90% YoY.
|
|
01 Nov 2023
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3330.30
|
3437.00
|
2895.30
(15.02%)
|
Target met |
Buy
|
|
|
|
|
01 Nov 2023
|
Larsen & Toubro
|
SMC online
|
3330.30
|
|
2895.30
(15.02%)
|
|
Results Update
|
|
|
|
|
31 Oct 2023
|
Larsen & Toubro
|
BOB Capital Markets Ltd.
|
3330.30
|
3500.00
|
2929.05
(13.70%)
|
Target met |
Buy
|
|
|
Strong show in Q2 led by highest ever order inflows of Rs 892bn (exit book of Rs 4.5tn), robust execution and working capital efficiency
|
|
12 Sep 2023
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3330.30
|
3302.00
|
2944.10
(13.12%)
|
Target met |
Buy
|
|
|
|
|
08 Sep 2023
|
Larsen & Toubro
|
ICICI Securities Limited
|
3330.30
|
3141.00
|
2846.40
(17.00%)
|
Target met |
Buy
|
|
|
As per media reports (Link), L&T is the preferred contractor for USD 3.9bn order for Jafurah Unconventional Gas Field, Saudi Arabia (Source: MEED). Also, till date in FY24, L&T has announced orders worth over INR 750bn. With this significant accretion in orders, L&T could report >20% growth in order inflow in Q2 (excl. services), in our view.
|
|
28 Jul 2023
|
Larsen & Toubro
|
Geojit BNP Paribas
|
3330.30
|
2941.00
|
2649.55
(25.69%)
|
Target met |
Buy
|
|
|
|
|
27 Jul 2023
|
Larsen & Toubro
|
SMC online
|
3330.30
|
|
2660.20
(25.19%)
|
|
Results Update
|
|
|
|
|
26 Jul 2023
|
Larsen & Toubro
|
ICICI Securities Limited
|
3330.30
|
2750.00
|
2560.90
(30.04%)
|
Target met |
Buy
|
|
|
Larsen and Toubro (L&T) reported almost a perfect quarter – beat in order inflow, strong revenue growth and >100% payout in the form of share buyback of INR 100bn, and a special dividend of INR 6 per share. Additionally, despite a higher prospective order pipeline of INR 10trn for 9MFY24, the management decided to err on the side of caution and has maintained its guidance of 10-12% growth in order inflow because of the risk presented by the general elections next year.
|
|
26 Jul 2023
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3330.30
|
2955.00
|
2646.25
(25.85%)
|
Target met |
Buy
|
|
|
|