|
15 Jul 2025 |
Larsen & Toubro
|
Consensus Share Price Target
|
3498.70 |
3963.19 |
- |
13.28 |
buy
|
|
|
|
|
31 Jan 2024
|
Larsen & Toubro
|
SMC online
|
3498.70
|
|
3479.75
(0.54%)
|
|
Results Update
|
|
|
|
|
30 Jan 2024
|
Larsen & Toubro
|
BOB Capital Markets Ltd.
|
3498.70
|
4200.00
|
3633.30
(-3.70%)
|
|
Buy
|
|
|
Q3 order inflows and topline strong but margins declined due to legacy orders in the mix
|
|
07 Nov 2023
|
Larsen & Toubro
|
Geojit BNP Paribas
|
3498.70
|
3348.00
|
2961.30
(18.15%)
|
Target met |
Buy
|
|
|
|
|
01 Nov 2023
|
Larsen & Toubro
|
ICICI Securities Limited
|
3498.70
|
3600.00
|
2895.30
(20.84%)
|
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
|
SMC online
|
3498.70
|
|
2895.30
(20.84%)
|
|
Results Update
|
|
|
|
|
01 Nov 2023
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3498.70
|
3437.00
|
2895.30
(20.84%)
|
Target met |
Buy
|
|
|
|
|
31 Oct 2023
|
Larsen & Toubro
|
BOB Capital Markets Ltd.
|
3498.70
|
3500.00
|
2929.05
(19.45%)
|
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
|
3498.70
|
3302.00
|
2944.10
(18.84%)
|
Target met |
Buy
|
|
|
|
|
08 Sep 2023
|
Larsen & Toubro
|
ICICI Securities Limited
|
3498.70
|
3141.00
|
2846.40
(22.92%)
|
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
|
3498.70
|
2941.00
|
2649.55
(32.05%)
|
Target met |
Buy
|
|
|
|