Is Larsen & Toubro a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Larsen & Toubro Ltd is a good quality company .

Is Larsen & Toubro undervalued or overvalued?

The key valuation ratios of Larsen & Toubro Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Larsen & Toubro share price return in the past 10 years?

Larsen & Toubro Ltd share price has appreciated 13.2% annually (CAGR) over the past ten years.

Is Larsen & Toubro a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Larsen & Toubro Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Larsen & Toubro Ltd - Stock Valuation and Financial Performance

Name: Larsen & Toubro
Brand: Larsen & Toubro

BSE: 500510 | NSE: LT | Engineering - Construction | Large Cap

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Larsen & Toubro Share Price

₹3,783.15 78.60 2.12%
as on 03-Dec'24 16:59

10 Year X-Ray of Larsen & Toubro:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	17.4%	15%	14.7%	15.4%	18.5%	13.7%	9.9%	14%	13.9%	16%	-
Value Creation Index ⓘ	0.6	0.3	0.3	0.4	0.7	0.2	-0.1	0.2	0.2	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	57,017	63,177	65,724	74,463	82,287	82,384	87,255	1,01,000	1,10,501	1,26,236	1,36,351
Sales YoY Gr.	-	10.8%	4%	13.3%	10.5%	0.1%	5.9%	15.8%	9.4%	14.2%	-
Adj EPS ⓘ	32.8	32.5	34.7	47	39.6	36.6	31.6	51.1	55.3	63.4	71
YoY Gr.	-	-1%	6.8%	35.6%	-15.9%	-7.6%	-13.5%	61.5%	8.2%	14.8%	-
BVPS (₹) ⓘ	263.7	299.8	327.5	350.1	356	370.9	438.9	477	508.4	467.7	479.6
Adj Net Profit ⓘ	4,575	4,538	4,855	6,591	5,550	5,132	4,442	7,179	7,768	8,721	9,757
Cash Flow from Ops. ⓘ	3,118	3,300	5,980	2,952	2,556	-121	9,561	5,999	7,264	8,294	-
Debt/CF from Ops. ⓘ	4.2	4.2	1.8	3.6	4.7	-212.6	2.6	3.4	2.5	2.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.2%	8.9%	13.1%	14.2%
Adj EPS ⓘ	7.6%	9.9%	26.1%	14.8%
BVPSⓘ	6.6%	5.6%	2.1%	-8%
Share Price	13.2%	23.6%	28.1%	18.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	12.9	11.5	11	13.9	11.2	10	7.8	11.1	11.2	12.8	15
Op. Profit Mgn % ⓘ	11.7	9.7	9.9	9.6	9	8	9.5	9	7.8	7.3	7.9
Net Profit Mgn % ⓘ	8	7.2	7.4	8.9	6.7	6.2	5.1	7.1	7	6.9	7.2
Debt to Equity ⓘ	0.4	0.3	0.2	0.2	0.2	0.5	0.4	0.3	0.3	0.4	0.1
Working Cap Days ⓘ	332	342	351	341	354	387	391	365	348	308	152
Cash Conv. Cycle ⓘ	42	4	-32	-42	-44	-45	-47	-40	-35	-21	29

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.00%

Sales growth is growing at healthy rate in last 3 years 13.10%

Net Profit is growing at healthy rate in last 3 years 26.11%

Sales growth is good in last 4 quarters at 14.47%

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Latest Financials - Larsen & Toubro Ltd.

	Standalone	Consolidated
TTM EPS (₹)	71	98.4
TTM Sales (₹ Cr.)	1,36,351	2,38,881
BVPS (₹.) ⓘ	479.6	648.9
Reserves (₹ Cr.) ⓘ	65,674	88,955
P/BV ⓘ	7.72	5.71
PE ⓘ	52.21	37.67

From the Market
52 Week Low / High (₹)	3175.50 / 3948.60
All Time Low / High (₹)	9.31 / 3948.60
Market Cap (₹ Cr.)	5,09,424
Equity (₹ Cr.)	275
Face Value (₹)	2
Industry PE ⓘ	37.9

Management X-Ray of Larsen & Toubro:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Larsen & Toubro

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Larsen & Toubro

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	57,017	63,177	65,724	74,463	82,287	82,384	87,255	1,01,000	1,10,501	1,26,236
Operating Expenses ⓘ	50,490	57,210	59,300	69,645	74,914	75,854	79,080	91,963	1,02,539	1,17,090
Manufacturing Costs	17,479	19,719	21,451	25,640	28,869	29,355	29,179	34,512	36,712	42,987
Material Costs	25,120	27,461	27,477	30,690	35,028	34,961	36,752	43,163	49,407	56,144
Employee Cost	4,162	4,975	5,147	5,615	5,733	5,956	6,398	7,397	8,298	8,864
Other Costs ⓘ	3,729	5,055	5,225	7,701	5,285	5,582	6,750	6,892	8,121	9,095
Operating Profit ⓘ	6,528	5,968	6,424	4,817	7,373	6,530	8,176	9,037	7,962	9,145
Operating Profit Margin (%)	11.4%	9.4%	9.8%	6.5%	9.0%	7.9%	9.4%	8.9%	7.2%	7.2%
Other Income ⓘ	2,404	2,411	2,180	4,762	3,273	3,442	3,882	4,025	5,746	6,260
Interest ⓘ	1,579	1,686	1,525	1,698	2,070	2,592	2,769	2,148	2,504	2,786
Depreciation ⓘ	1,008	997	1,215	1,049	1,000	1,021	1,151	1,173	1,372	1,751
Exceptional Items ⓘ	357	560	894	431	1,642	627	-2,819	267	0	448
Profit Before Tax ⓘ	6,701	6,256	6,758	7,262	9,219	6,986	5,319	10,009	9,833	11,316
Tax ⓘ	1,645	1,256	1,304	1,875	2,271	961	2,171	2,129	1,984	2,012
Profit After Tax	5,056	5,000	5,454	5,387	6,948	6,025	3,147	7,879	7,849	9,304
PAT Margin (%)	8.9%	7.9%	8.3%	7.2%	8.4%	7.3%	3.6%	7.8%	7.1%	7.4%
Adjusted EPS (₹)	36.3	35.8	39.0	38.4	49.5	42.9	22.4	56.1	55.8	67.7
Dividend Payout Ratio (%)	30%	34%	36%	42%	36%	42%	161%	39%	43%	50%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	36,832	41,893	45,835	49,062	49,942	52,075	61,650	67,025	71,453	64,290
Share Capital ⓘ	186	186	187	280	281	281	281	281	281	275
Reserves ⓘ	36,646	41,707	45,649	48,782	49,661	51,795	61,369	66,744	71,172	64,015
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	12,300	12,488	9,447	9,625	7,858	22,230	23,475	15,066	12,570	16,796
Long Term Debt	8,509	8,312	7,134	5,495	3,772	7,186	16,647	12,968	9,391	11,931
Short Term Debt	3,791	4,176	2,313	4,130	4,086	15,044	6,828	2,097	3,179	4,865
Trade Payables	18,851	22,216	24,338	31,095	36,225	36,629	40,770	45,385	41,780	40,846
Others Liabilities ⓘ	20,465	22,867	22,333	25,424	29,793	29,194	33,267	39,886	45,081	51,763
Total Liabilities ⓘ	88,448	99,465	1,01,953	1,15,206	1,23,818	1,40,128	1,59,161	1,67,362	1,70,885	1,73,696
Fixed Assets
Gross Block	12,290	8,369	8,977	9,759	12,733	12,109	14,741	15,475	17,187	19,134
Accumulated Depreciation	4,793	1,094	2,227	3,191	4,420	4,655	5,881	6,849	7,897	9,155
Net Fixed Assetsⓘ	7,497	7,275	6,750	6,568	8,313	7,455	8,859	8,626	9,290	9,979
CWIP ⓘ	494	412	504	653	739	797	287	583	1,955	1,424
Investmentsⓘ	23,053	23,991	26,759	27,339	22,904	34,034	49,414	45,528	47,261	47,542
Inventories	2,271	1,955	1,763	2,500	3,349	2,770	2,878	3,133	3,429	3,521
Trade Receivables	23,051	18,968	19,922	22,917	28,213	27,913	33,332	36,347	33,153	36,962
Cash Equivalents	1,516	3,570	3,536	4,318	7,620	3,938	4,176	6,499	4,570	4,769
Others Assetsⓘ	30,566	43,293	42,720	50,910	52,680	63,221	60,217	66,647	71,229	69,499
Total Assets ⓘ	88,448	99,465	1,01,953	1,15,206	1,23,818	1,40,128	1,59,161	1,67,362	1,70,885	1,73,696

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3,118	3,300	5,980	2,952	2,556	-121	9,561	5,999	7,264	8,294
PBT ⓘ	6,344	5,695	5,864	7,262	10,032	7,224	19,337	9,741	9,833	10,868
Adjustment ⓘ	670	711	1,028	676	-1,411	973	-10,736	-351	-385	-514
Changes in Working Capital ⓘ	-2171	-1490	607	-3222	-3377	-6582	2911	-1095	147	569
Tax Paid ⓘ	-1,725	-1,616	-1,519	-1,764	-2,687	-1,736	-1,951	-2,297	-2,331	-2,629
Cash Flow From Investing Activity ⓘ	-1,884	-1,522	-46	1,787	1,585	-6,834	-2,723	4,526	-1,753	6,362
Capex	-901	-797	-635	-1,013	-792	-1,309	-150	-1,350	-2,236	-2,822
Net Investments	-916	789	-2,305	175	1,110	-764	-12,969	3,865	-2,869	4,984
Others ⓘ	-67	-1,514	2,893	2,625	1,267	-4,760	10,395	2,011	3,352	4,200
Cash Flow From Financing Activityⓘ	-1,437	-2,464	-6,073	-3,489	-4,606	7,419	-6,698	-8,360	-7,441	-14,522
Net Proceeds from Shares ⓘ	99	70	53	50	11	18	16	11	10	10
Net Proceeds from Borrowing ⓘ	1,180	169	-1,397	-1,871	-185	2,408	5,721	432	-3,099	2,605
Interest Paid ⓘ	-1,150	-1,209	-1,151	-1,322	-1,528	-1,893	-1,910	-1,608	-2,333	-2,268
Dividend Paid ⓘ	-1,323	-1,512	-1,702	-1,961	-2,243	-3,930	-3,651	-2,528	-3,091	-4,217
Others ⓘ	-243	18	-1,877	1,615	-661	10,815	-6,874	-4,666	1,072	-10,652
Net Cash Flow ⓘ	-203	-687	-140	1,250	-464	464	140	2,164	-1,930	133

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.44	12.71	12.43	11.35	14.04	11.81	5.53	12.25	11.34	13.71
ROCE (%)	17.43	14.98	14.71	15.41	18.54	13.68	9.85	14	13.93	15.97
Asset Turnover Ratio	0.69	0.68	0.66	0.69	0.69	0.62	0.58	0.62	0.65	0.73
PAT to CFO Conversion(x)	0.62	0.66	1.1	0.55	0.37	-0.02	3.04	0.76	0.93	0.89
Working Capital Days
Receivable Days	141	120	107	105	113	124	128	126	115	101
Inventory Days	13	12	10	10	13	14	12	11	11	10
Payable Days	217	251	302	324	346	376	376	355	315	261

Larsen & Toubro Ltd Stock News

Larsen & Toubro Ltd FAQs

What is the share price of Larsen & Toubro?

Company share prices are keep on changing according to the market conditions. The closing price of Larsen & Toubro on 03-Dec-2024 16:59 is ₹3,783.2.

What is the market cap of Larsen & Toubro?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Larsen & Toubro stood at ₹5,09,424.

What is the P/E ratio of Larsen & Toubro?

The latest P/E ratio of Larsen & Toubro as of 03-Dec-2024 16:59 is 52.21.

What is the P/B ratio of Larsen & Toubro?

The latest P/B ratio of Larsen & Toubro as of 03-Dec-2024 16:59 is 7.72.

What is the 52-week high and low of Larsen & Toubro?

The 52-week high of Larsen & Toubro is ₹3,948.6 and the 52-week low is ₹3,175.5.

What is the TTM revenue of Larsen & Toubro?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Larsen & Toubro is ₹1,36,351 ( Cr.) .

About Larsen & Toubro Ltd

Together, Holck-Larsen and Toubro, founded the partnership firm of L&T in 1938, which was converted into a limited company on February 7, 1946. Today, this has metamorphosed into one of India's biggest success stories. The company has grown from humble origins to a large conglomerate spanning engineering and construction. ECC was conceived as Engineering Construction Corporation Limited in April 1944 and was incorporated as wholly owned subsidiary of Larsen & Toubro Limited. L&T's founders Holck - Larsen and Toubro laid the foundation for ECC.

Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in over many countries around the world.

L&T is engaged in core, high impact sectors of the economy and our integrated capabilities span the entire spectrum of ‘design to deliver’. With decades of a strong, customer focused approach and a continuous quest for world-class quality, it have unmatched expertise across technology, engineering, construction, infrastructure projects and manufacturing, and maintain a leadership in all our major lines of business.

Every aspect of L&T's businesses is characterised by professionalism and high standards of corporate governance. Sustainability is embedded into our long-term strategy for growth. The Company’s manufacturing footprint extends across eight countries in addition to India. L&T has several international offices and a supply chain that extends around the globe.

Business area of the company

Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.

Business diversification of the company

Construction- L&T Construction is among the world’s Top 30 contractors. The business encompasses multiple business - buildings & factories, transport infrastructure, heavy civil infrastructure, smart world & communication, water & renewable energy and power transmission & distribution.
Hydrocarbon Engineering- L&T Hydrocarbon Engineering, a wholly owned subsidiary of L&T, is dedicated to serving the oil and gas sector around the world. It delivers turnkey engineering and construction solutions to offshore and onshore hydrocarbon projects.
Power- L&T provides integrated concept - to - commissioning solutions for supercritical thermal power plants. We also offer comprehensive services for gas-based power plants.
Metallurgical & Material Handling- The business undertakes EPC projects for ferrous and non-ferrous metal industries, as well as bulk material and ash handling systems in the power, port, steel and mining sectors.
Heavy Engineering- L&T Heavy Engineering manufactures and supplies custom designed equipment & critical piping to process industries such as fertilizer, chemical, refinery, petrochemical, and oil & gas, as well as to sectors such as thermal & nuclear power and aerospace.
Defence- L&T provides indigenous, design-to-delivery solutions across the defence spectrum - from surveillance to strike capabilities, and mobility platforms essential to enhance their effectiveness. We also offer specialised turnkey defence construction solutions like underground structures, military bases, storage depots, smart infrastructure and modernisation of existing facilities.
Shipbuilding- L&T’s shipbuilding arm offers total solutions - from concept to design for new builds as well as repair and retrofit - for warships.
Construction & Mining Machinery- L&T’s construction equipment business manufactures, distributes and provides after-sales support for construction and mining equipment.
L&T Valves- L&T Valves is a leader in flow-control solutions for critical services. The business has a marketing network that spans the globe and is reinforced through strategic alliances with international distributors.
LTI- A subsidiary of L&T, LTI is a global IT services and solutions provider with presence in various countries. With many delivery centres and a diversified work force worldwide, the business is expanding into new geographies even as it consolidates its client facing organization in North America and Europe.
L&T Technology Services- L&T Technology Services offers design and development solutions through the entire development chain in multiple industries. The Company has design and delivery locations in six centres in India, as well as two delivery centres in the US.
L&T IDPL- L&T Infrastructure Development Projects Ltd (L&T IDPL) is India’s premier infrastructure developer. A leading player in ‘Public-Private-Partnership’ projects, it has business interests in Roads & Bridges, Ports, Metro Rail and Power Transmission.
L&T Metro Rail- The Hyderabad Metro Rail is the world’s largest metro project in public-private partnership mode. It covers many corridors, transforming Hyderabad, triggering robust economic activity around the city.
L&T Finance- L&T Finance Holdings offers a diverse set of financial products and services, covering mutual funds, infra finance, home loans and more.
L&T Realty- The real estate arm of L&T extends the Company’s values of trust, professionalism and commitment to the domain of commercial and residential properties. All properties of L&T Realty embody a sustainable design philosophy and focus on fostering integrated communities.
L&T-NxT- L&T-NxT leverages the Group’s deep domain expertise across diverse Industry segments and experience of new age technologies - IIoT, Artificial Intelligence, Augmented / Virtual Reality, and Geo-spatial & Cyber Security applications - to deliver disruptive digital outcomes for global customers.
Mindtree- Mindtree is a global technology consulting and services company, helping Global 2000 corporations marry scale with agility. Its enterprise clients rely on our domain knowledge to make sense of digital complexity and bring new initiatives to market faster. The company are regarded as one of the best places to work, embodied every day by our winning culture made up of entrepreneurial, collaborative and dedicated ‘Mindtree Minds’.

Awards & Recognition

2009

L&T bags Achievement Award from FinanceAsia
A.M. Naik, L&T’s CMD, wins Qimpro Platinum Standard – National Statesman Award
L&T bags EuroFinance Award for Corporate Treasury Management
Y. M. Deosthalee: CFO of the Year – CNBC TV 18
Y. M. Deosthalee, L&T’s Chief Financial Officer, was adjudged ‘CFO of the Year’ and also ‘Best Performing CFO in the Capital Goods Sector’ by CNBC TV 18, India’s leading business news channel. (November 18, 2009)
L&T’s Sustainability Reporting receives Asian honours
Finance Asia rates L&T among India’s Best Managed Companies
L&T wins NDTV Profit Business Leadership Award 2009
NITIE honours A.M. Naik with Lakshya Business Visionary Award
Bharat Shiromani Award for A.M. Naik
L&T on Forbes Asia’s Fabulous 50 List – Fourth Time in a Row
Naik features in DNA’s ‘Mumbai’s 50 Most Influentials’
Naik featured in Business Week’s ‘India’s 50 Most Powerful People’
M. Naik receives Padma Bhushan from the President of India
CII honours L&T with Corporate Wellness Award
L&T wins D&B-Rolta Top Indian Company Award
L&T-Chiyoda bags ICWAI Award for Excellence in Cost Management
L&T Wins Golden Peacock Award for Corporate Social Responsibility
Chemtech Business Leader of the Year
L&T bags FICCI Award for Outstanding Corporate Vision
Technology Block at Hazira wins LEED Platinum Rating
L&T is ‘Best for Investor Relations’: Asiamoney
Padma Bhushan for Mr. A. M. Naik
A.M. Naik Conferred Gujarat’s Highest State Honour - ‘Gujarat Garima Award’

2010

A.M. Naik, CMD, Honoured at CNBC TV18’s India Business Leader Awards
A.M. Naik wins CNBC’s Asia Business Leader Award
A.M. Naik wins Golden Peacock Award for Lifetime Achievement in Business Leadership
L&T Ranks Among Top 10 in Carbon Disclosure
Delhi Airport wins British Construction Industry Award
Economic Times Company of the Year Award to L&T
L&T wins BCCI's Good Corporate Citizen Award
L&T featured again in Forbes Asia's Fabulous 50
A.M. Naik Conferred Award for Outstanding Contribution to Corporate Leadership
Double Honours for L&T at NDTV Profit
L &T wins Social Development Award from Bombay Chamber of Commerce
L&T wins Corporate Wellness Award from Confederation of Indian Industry
L&T bags Businessworld-FICCI Corporate Social Responsibility Award
L&T is Business Standard ‘Company of the Year’
A.M. Naik Honoured with OceanTEX Business Leader of the Year Award
L&T's in-house magazine, The L&T-ite, bags bags ABCI ‘Magazine of the Year Award’
A.M. Naik Wins ‘CEO of the Year’ Award from ISTD, Bangalore
L&T-Komatsu bags Energy Efficiency & Conservation Award
L&T is The Best Company to Work for in the Manufacturing Sector - Business Today

2011

A.M. Naik, CMD, L&T, was ranked the ‘Best CEO’ in the Industrials segment in Asia in the All Asia (excluding Japan) Investor Relations Perception Study conducted by the prestigious Institutional Investor magazine. (July 14, 2011)
Y.M. Deosthalee, L&T ’s Chief Financial Officer and Member of the Board, won the award for ‘India’s Best CFO’ in the annual survey organised by the leading business publication Business Today and Yes Bank. (July 4, 2011)
L&T Ranks among Top Three ‘Most Attractive Employers’. The award recognizes the country’s best corporate houses to work for among 150 of the largest employers, based on the opinion of over 10,000 potential, as well as, employed workforce in India. (June 29, 2011)
L&T was ranked among the Top 5 in an Index of Thought Leaders in India published by a London-based communications agency. In the Index, L&T ranks higher than several global brands. The research was conducted by research consultancy firm GlobeScan for the Index of Thought Leaders 2011. (June 24, 2011)
L&T’s sustainability practices won another accolade as it bagged the Financial Express-EVI Green Business Leadership Award for 2010-11 in the large corporate (engineering) segment. The event was organised jointly by The Financial Express and Emergent Ventures India – an integrated climate change and clean energy firm. (June 7, 2011)
L&T’s Powai Manufacturing Facility and its ‘green manufacturing’ practices won accolades at the Frost & Sullivan Green Manufacturing Excellence Awards 2011 in Mumbai on 29th April. L&T won the award in the highest category of ‘Overall Leaders’, for its accomplishments in the large enterprise segment. (May 02, 2011)
L&T’s Corporate Social initiatives (CSI) were yet again acknowledged and applauded – this time with the prestigious ‘Golden Peacock Global CSR Award 2011’. L&T was selected in the category of ‘Top Performer Award’ for its accomplishment in the large enterprise segment. The award honours the Company’s commitment towards community welfare and social development. (April 30, 2011)
The L&T Monthly Income Plan (MIP) has bagged the coveted 5 Star Ranking from ICRA, and was awarded the ICRA Mutual Fund Award 2011. L&T Mutual Fund won this award against stiff competition with some of India’s largest AMCs, proving its fund management expertise. (March 25, 2011)
L&T’s Chairman and Managing Director, A. M. Naik, was featured among an elite group of business leaders who are giving thrust, direction and momentum to the process of change that is transforming India’s economic landscape. The book ‘In Search of Change Maestros’ has been co-authored by management guru and former director of IIM – Lucknow, Prof Pritam Singh, along with Dr. Asha Bhandarker – a member of the senior faculty at the Management Development Institute, Gurgaon. The volume was released at a gala launch function at the National Centre for the Performing Arts, Mumbai on Monday, March 7, 2011.
A.M. Naik, Chairman & Managing Director, L&T, emerged as among the most high profile of India’s corporate leaders in the Indian and the global media. A recent survey of press citations saw Mr. Naik’s rankings soar among the country’s news makers. He was ranked Number 10 in the Indian media, having seen a rise of 157 per cent. In the survey of global media, Mr. Naik is ranked 12th.
In recognition of L&T’s CMD, Mr. A.M. Naik’s stellar contributions to the industry and nation, the Mumbai based CHEMTECH Foundation has conferred on him its prestigious Hall of Fame - Leadership & Excellence Award 2011. (February 24, 2011)
L&T bagged the ’India Shining Star CSR Award’, instituted by the Wockhardt Foundation, for Outstanding CSR in the sector for companies engaged in heavy engineering. (February 19, 2011)
L&T’s CSR initiatives were again in the limelight as it bagged the award for ’Company with the Best CSR and Sustainability Practices’ by the Asian Centre for Corporate Governance and Sustainability. The award was presented at the 11th International Conference of the Centre in Mumbai on February 11, 2011.
Leading business magazine, Businessworld’s rankings of ’Most Respected Companies’ saw stellar honours for L&T. In the sector-wise survey, L&T was ranked ’India’s Most Respected Company’ in the Infrastructure category. In the overall rankings, L&T emerged second.
The Institute of Chartered Accountants of India (ICAI) – the country’s apex body of Chartered Accountants – has bestowed its highest honour, ‘Business Achiever – Corporate’ for the year 2010 on Mr. Y.M. Deosthalee, CFO, L&T, for his outstanding contribution to business leadership as a finance professional. The institute saluted his role in providing strategic direction to the business of financial services, development projects and Information Technology of the L&T Group. (January 30, 2011)
Union Finance Minister, Mr. Pranab Mukherjee, presented L&T, The Economic Times 'Company of the Year Award - 2010' at a function in Mumbai attended by the elite of business and industry, leading political figures including Mr. Jairam Ramesh, Environment Minister, Mr. Kapil Sibal, HRD & Telecom Minister, Mr. Salman Kurshid, Corporate Affairs Minister, Mr. Prithviraj Chavan, Chief Minister of Maharashtra, and other celebrities. The award was received on behalf of L&T by Mr. A.M. Naik, Chairman & Managing Director. (January 08, 2011)
M. Naik receives Padma Bhushan from the President of India CII honours L&T with Corporate Wellness Award L&T wins D&B-Rolta Top Indian Company Award L&T-Chiyoda bags ICWAI Award for Excellence in Cost Management L&T Wins Golden Peacock Award for Corporate Social Responsibility Chemtech Business Leader of the Year L&T bags FICCI Award for Outstanding Corporate VisionTechnology Block at Hazira wins LEED Platinum Rating L&T is ‘Best for Investor Relations’: Asiamoney Padma Bhushan for Mr. A. M. Naik ET Business Leader of the Year for Mr. A. M. NaikMr. A.M. Naik Conferred Gujarat’s Highest State Honour - ‘Gujarat Garima Award’, and many more

2012

L&T Heavy Engineering Wins National Award for Export Excellence
L&T Hydrocarbon Bags CNBC TV18 ‘Infrastructure Excellence Award’.
L&T - Chiyoda wins ICAI National Award for Excellence in Cost Management - 2011.
L&T Heavy Engineering Wins Safety Innovation Award.
L&T wins NDTV Profit Business Leadership Award.
L&T Ranks among Top 10 in S&P ESG India Index.
FICCI Awards for Excellence in Quality Systems.
L&T Top Engineering Company in Business Today Listing of ‘Best Companies to Work For’.
L&T 9th in Global Ranking of World’s Most Innovative Companies.
L&T Voted ‘Champion of Champions’ at the ABCI 52nd Annual Awards.

2013

L&T Power Wins ‘Golden Peacock National Quality Award’.
L&T bags NDTV Profit Business Leadership Award.
L&T Wins D&B Top Infrastructure Company Award.

2014

L&T Electrical & Automation's AU-Series Wins Best Product Award at ELECRAMA 2014.
L&T Wins Most Attractive Employer In Infrastructure Industry from Randstad.
L&T Technology Services Wins Frost & Sullivan Excellence Award
L&T Wins Golden Peacock Award for Excellence in Corporate Governance.
F&S India Manufacturing Excellence Award for MFF-Hazira.

2015

L&T Wins BCCI’s Good Corporate Citizen Award.
L&T Wins Award for Excellence in Power Project Execution.
L&T Wins Golden Peacock Award for Risk Management.

2016

L&T Technology Services is IACC ‘Company of the Year’

2017

FICCI Quality Systems Excellence Award.
Best Capital Projects & Infrastructure Risk Management Award from CNBC TV18.

2018

‘Special Recognition Award’ in Randstad Brand Survey.
Ranked Among World’s Best Employers by Forbes.

2019

L&T Construction’s Vertical Recognized As ‘Best Performing Power Transmission & Distribution Organization’.
L&T Wins D&B Corporate Award 2019.
Ranked among Top 10 Employer Brands in India by Randstad Employer Brand Research.
L&T in listing of Asia’s Most Honoured Companies - Institutional Investor Survey 2019.

2020