|
23 Sep 2025 |
Larsen & Toubro
|
Consensus Share Price Target
|
3644.50 |
4060.33 |
- |
11.41 |
buy
|
|
|
|
|
16 May 2022
|
Larsen & Toubro
|
Anand Rathi
|
3644.50
|
1972.00
|
1610.10
(126.35%)
|
Target met |
Buy
|
|
|
|
|
13 May 2022
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3644.50
|
2091.00
|
1534.50
(137.50%)
|
Target met |
Buy
|
|
|
|
|
13 May 2022
|
Larsen & Toubro
|
ICICI Direct
|
3644.50
|
1930.00
|
1534.50
(137.50%)
|
Target met |
Buy
|
|
|
|
|
13 May 2022
|
Larsen & Toubro
|
ICICI Direct
|
3644.50
|
1930.00
|
1534.50
(137.50%)
|
Target met |
Buy
|
|
|
|
|
03 Feb 2022
|
Larsen & Toubro
|
Geojit BNP Paribas
|
3644.50
|
2357.00
|
1947.95
(87.09%)
|
|
Buy
|
|
|
Consolidated revenue for 3QFY22 grew 11.1% YoY (+13.8% QoQ) due to improvement in project execution momentum and robust growth in the IT&TS portfolio. Order inflows were down 31% YoY (+20% QoQ)...
|
|
31 Jan 2022
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3644.50
|
2382.00
|
1990.50
(83.09%)
|
|
Buy
|
|
|
Refinanced Hyderabad metro bank rupee loan (Rs130bn) with NCD and commercial paper, resulting in interest cost saving of Rs1bn/quarter. Larsen & Toubro (LT) reported mixed quarterly performance where revenue and EBITDA margins were inline, while there was a miss on PAT due to lower other income and higher tax rate. EBITDA margin declined 57bps YoY to 11.5%, of which commodity inflation impact was ~30-50bps. Order inflow (OI)...
|
|
30 Jan 2022
|
Larsen & Toubro
|
Motilal Oswal
|
3644.50
|
2165.00
|
1909.20
(90.89%)
|
Target met |
Buy
|
|
|
Adjusted PAT declined by 9% YoY to INR20.5b and was in line with our estimate (base year benefitted from bulky Real Estate sales). The company maintained its order inflow/revenue/core margin guidance, though it did highlight some risk of a spillover of order inflows from 4QFY22 into FY23. Adjusted for the HSR order won last year, core E&C order inflows grew 26% YoY to INR380b, with a two-year CAGR of 13%. On the execution front, core E&C domestic revenue grew 13% YoY (two-year at 6%), while international E&C revenue was flat. On the margin front, L&T has done a commendable...
|
|
01 Jan 2022
|
Larsen & Toubro
|
Emkay
|
3644.50
|
2320.00
|
1895.90
(92.23%)
|
|
Buy
|
|
|
|
|
02 Nov 2021
|
Larsen & Toubro
|
Geojit BNP Paribas
|
3644.50
|
2075.00
|
1908.95
(90.92%)
|
Target met |
Buy
|
|
|
EBITDA margin was up by 70bps QoQ to 11.5% on account of better job mix, tapering of stressed jobs in portfolio and higher site productivity in the construction businesses, and improved delivery utilisation levels...
|
|
28 Oct 2021
|
Larsen & Toubro
|
Prabhudas Lilladhar
|
3644.50
|
2201.00
|
1766.65
(106.29%)
|
|
Buy
|
|
|
(+50% YoY), led by order win in Oil & Gas, Metros, Rural Water Supply, Minerals, Metal and Power T&D.; But delay was observed in order finalization. Order book (OB) stands strong at Rs3.3trn (2.2x TTM revenue), of which domestic stands at Rs2.5trn (Central - 10%, State- 33%, PSU 42% and Private 15%). Management indicated tender pipeline remains strong at Rs6.83trn, largely from Infra (Rs5.29trn) and Hydrocarbon (Rs1.2trn). NWC as % to sales improved to 22% from 22.9%/26.2% in Q1FY22/Q2FY21, mainly due to strong focus on collection. Given the strong order backlog and tender pipeline,...
|