mw4me logo
Talk to Us | Subscribe | Investment Advisory
Offer

Larsen & Toubro Ltd - Stock Valuation and Financial Performance

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

Place order

Larsen & Toubro Share Price

 ₹3,414.35 -45.80 -1.32%
as on 28-Jan'25 16:59

DeciZen - make an informed investing decision on Larsen & Toubro

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Weak
Check Price chart

arsen & Toubro stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
48.12
Market Cap:
4,69,517.7 Cr.
52-wk low:
3,175.5
52-wk high:
3,963

Is Larsen & Toubro Ltd an attractive stock to invest in?

1. Is Larsen & Toubro Ltd a good quality company?

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

2. Is Larsen & Toubro Ltd 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.

3. Is Larsen & Toubro Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Larsen & Toubro Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ17.4%15%14.7%15.4%18.5%13.7%9.9%14%13.9%16%-
Value Creation
Index ⓘ		0.60.30.30.40.70.2-0.10.20.20.4-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ57,01763,17765,72474,46382,28782,38487,2551,01,0001,10,5011,26,2361,36,351
Sales YoY Gr.-10.8%4%13.3%10.5%0.1%5.9%15.8%9.4%14.2%-
Adj EPS ⓘ32.832.534.74739.636.631.651.155.363.471
YoY Gr.--1%6.8%35.6%-15.9%-7.6%-13.5%61.5%8.2%14.8%-
BVPS (₹) ⓘ263.7299.8327.5350.1356370.9438.9477508.4467.7479.6
Adj Net
Profit ⓘ		4,5754,5384,8556,5915,5505,1324,4427,1797,7688,7219,757
Cash Flow from Ops. ⓘ3,1183,3005,9802,9522,556-1219,5615,9997,2648,294-
Debt/CF from Ops. ⓘ4.24.21.83.64.7-212.62.63.42.52.7-

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 11.5% 20.1% 21.6% -7.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		12.911.51113.911.2107.811.111.212.815
Op. Profit
Mgn % ⓘ		11.79.79.99.6989.597.87.37.9
Net Profit
Mgn % ⓘ		87.27.48.96.76.25.17.176.97.2
Debt to
Equity ⓘ		0.40.30.20.20.20.50.40.30.30.40.1
Working Cap
Days ⓘ		332342351341354387391365348308152
Cash Conv.
Cycle ⓘ		424-32-42-44-45-47-40-35-2129

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%

No data to display

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 ⓘ 7.12 5.26
PE ⓘ 48.12 34.72
From the Market
52 Week Low / High (₹) 3175.50 / 3963.00
All Time Low / High (₹) 9.31 / 3963.00
Market Cap (₹ Cr.) 4,69,518
Equity (₹ Cr.) 275
Face Value (₹) 2
Industry PE ⓘ 33.4

Management X-Ray of Larsen & Toubro:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Larsen & Toubro

Event Update

Login/Register to view analysis.

Analyst's Notes

Larsen & Toubro Ltd: Q2FY24 result update - 04 Nov 2023

Particulars

Q2FY24

(Rs. Cr)

YoY Trend

Comments

Revenue

51,024

+19%

 
EBITDA

7,040

+11%

 
EBITDA Margin

14%

-100 bps

On account of low margin pre-Covid orders.
PAT

3,846

+38%

On account one off item (monetization of Hyderabad metro, higher other income, real estate sale)

Strong Performance on the back of strong Order book growth of 72% and continuous improvement in net working capital.

L&T Buyback Update: What should investors do? - 11 Sep 2023

On July 25, Larsen & Toubro Ltd. made an announcement of Rs. 10,000-crore share buyback program. This marks the company's first-ever buyback initiative. Under this scheme, the company intends to repurchase 3.33 crore shares with a face value of Rs. 2 each, equating to ~2.4% of total equity.

The upper limit for the share buyback price has been set at Rs. 3,000 per share. L&T shares have rallied over 13% since the announcement was made. The stock has gained nearly 40% so far year-to-date and 49% in the last one year.

Buyback will be done through the tender-offer route (record date 12th September). The quantity of shares the company intends to buyback is contingent upon the acceptance ratio, which can vary between different categories, such as Retail (holding shares worth below Rs. 2 lakh) and Non-Retail. Market’s anticipated acceptance ratio is approximately in the range of 35% to 40%.

We have mentioned business outlook below to gain a better understanding of L&T’s future prospects and further share our opinion.

Order inflows and segmental outlook

L&T’s order book grew 12% YoY to Rs. 4 trillion (3.2x TTM revenue) led by 19% YoY growth in Projects and Manufacturing (P&M) orders to Rs. 1.7 trillion.

L&T has guided for bid prospects of Rs. 9.7 trillion for FY24 (+14% YoY). Typically L&T converts 16-20% of its bid prospects into order inflows (19.5% in FY23) which indicates potential P&M order wins of Rs. 1.9 trillion in FY24.

Infrastructure

  • L&T’s core infrastructure orders in areas of highways, railways (including high speed rail), water supply, urban infrastructure (metro rail, flyovers, elevated corridors, water/sewerage treatment) and Power distribution witnessed strong improvement in FY23 on the back of government push.
  • Tendering grew 35% YoY to Rs. 3.5 trillion in Q1FY24, which was higher than the average run-rate of Rs. 3.3 trillion/quarter in FY23.

Hydrocarbon, Metals & Cement  

  • Indian Oil aims to raise its refining capacity to 107 milliontonnes per annum (MTPA) by 2025 from the current 70 MTPA. ONGC aims to increase its production two-fold and has announced capital projects worth USD 7 billion over next 3 years.
  • Middle East capex in both Infra and Hydrocarbon segment is on an upswing post the stability in oil prices. Over medium term management has guided Hydrocarbon and Renewables as an addressable opportunity in this geography.
  • Q1 FY '24 order inflows in the Projects and Manufacturing portfolio are mainly from Infrastructure and Hydrocarbon segments. Hydrocarbon margin has been consistently between 9% to 10% band over last two years.
  • Metal companies have guided major capacity expansions over the next few years, amounting to capex of ~Rs. 1.5 trillion. Among them, ArcelorMittal, JSW Steel, Tata Steel and JSPL are incurring bulk of this projected capex.
  • In the cement sector, leading players have lined up capacity expansions of 100 million tonne (MT) over the next 5 years, which translate into expected capex of ~Rs. 500 billion.

Defence

  • Government thrust is on increasing defence spending along with focus on local procurement. There has been a visible uptick in order intake for most defence-focussedcompanies. Government has provided a major impetus for defence exports, with a target of USD 5 billion by FY26.
  • L&T’s defence order inflow was at a record Rs. 121 billion in FY23, up from Rs. 81 billion in FY22 and Rs. 24.7 billion in FY21. Further, the pipeline for FY24 remains strong with L&T being favourably placed to bag tenders worth ~Rs. 106 billion.

 

Moneyworks4me Opinion

The Current buyback is part of L&T's Lakshya 2026 plan which includes exit from non-core businesses, developing innovative business offerings, scaling up digital and e-commerce businesses, focus on Environmental, Social, and Governance and shareholder value creation.

As a part of this plan, the group targets to improve its return on equity (ROE) to 18%+. Management expects buyback and higher dividends will enable it to improve its ROE by 150 to 200 basis points (~11% in FY23). Management expects margin improvement on (a) strong order book and (b) opportunities in Middle East over next few years.

The targeted attainment of Return on Equity (ROE) objectives can be accomplished through a multifaceted approach, encompassing margin expansion, divestment from low ROE-generating business segments, as well as enhancements in asset turnover and leverage policy.

Larsen & Toubro: Q1FY24 Result Update - 28 Jul 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

47,882

34%

Order inflow was up 57% to 65,500Cr

EBITDA

6,316

17%

 

EBITDA Margin

13.2%

-190 bps

Standalone margin was impacted by low-margin legacy projects.

PAT

3,096

46%

Impacted by sharply higher other income

Strong results on all major fronts, robust orderbook gives good visibility of growth.

 

L&T: Q1FY24 Result Update - 21 Jul 2023

Particulars

Q1FY24

YoY Trend

Comment

Revenue

2,301

14.71%

Transportation segment grew the most (15.3%) whereas plant engineering was a laggard (1.3%)

EBITDA

453

+11%

 

EBITDA Margin

19.7%

-65 bps

Impacted by higher other expenses & low margin from SWC acquisition (Smart World & Comm.)

PAT

312.10

13.00%

 

Lower than expected growth due to slowdown in North America and Europe (~5% & 9%YoY growth respectively). Results were a miss in accordance with expectations.

Larsen & Toubro: Q3FY23 Result Update - 03 Feb 2023

Larsen & Toubro Ltd

Market Cap Rs. 304,542 Cr

CMP Rs. 2,167 | EV/EBITDA 16x

 

 

INR Cr

YoY Growth

Comments

Revenue

27,785.4

8.3%

Driven by growth in infrastructure & Hi-tech manufacturing segment

Order book

3,86,588

13.7%

Strong order book with 74% comprising domestic projects

PAT

1,825.4

0.1%

EBITDA margins flat at 8.3%, while interest & depreciation expenses rose by 22.5 & 16.6%

 

Check 10 year X-ray here

Key Highlights –

  • Infrastructure Projects (72% of revenue) grew by % to 20293.95 Hi-Tech Manufacturing (6.6% of revenue) grew by % to 1863.08 Cr.
  • Q3FY23, L&T registered strong order inflows at the group level worth 60710 crore, up 21% on yearly basis. International orders at 15,294 Cr during the quarter comprised 25% of the total order inflow. Infrastructure segment orders grew by 28% to 32,530 Cr (53.5% of order inflows).
  • Company incurred capex of 2,500 Cr in 9M FY23 for procurement of construction equipment.
  • Mutual fund business divestment amount at 97 Cr.
  • EBIT from IT & Finance businesses at 2,335.7 Cr.

 

Management Outlook –

  • Management expects healthy capex by public as well private sector to happen with additional push via PLI.
  • Management guided on achieving 15% growth in order inflow and 19-20% in revenue for FY23.
  • Management guided on improving ridership of Hyderabad metro, with financial assistance from State government and expects transit-oriented development (TOD) asset monetisation in the range of 1000-1500 Cr p.a over the next 2-3 years.
  • Management has given outlook on green hydrogen investment of 35 Cr in a pilot project. L&T to tie up with a technology partner by Q1FY24 and put a manufacturing plant for electrolysers in FY24 with a capex of 1500 crore, manufacturing will commence over FY25-26.
  • Management also expects to commit 2,500 Cr in battery storage via partnership in H2 FY24 and commission 30 MW data centers in India & China in 18 months and invest 1800-2000 Cr in Data center project.

 

Larsen & Toubro: Q2FY23 Result Update - 01 Nov 2022

Larsen & Toubro Ltd
Market Cap 285,373 Cr
CMP 2,031
EV/EBITDA 18xFY23E

Results

(INR Cr)

YoY Growth

Comments

Sales

42,800

23%

Healthy uptick in order execution

Order Book

37,2400

23%

Public capex spends are significantly higher, and state capex is yet to improve. Private capex is witnessing signs of a revival, with improved ordering from buildings and factories, and metals and mining segments.

Net Profit

2,200

23%

  

Click here for 10 year X-ray

  • L&T reported a strong 24% growth in core E&C revenues, with related order inflows at 1.3X related sales. Domestic tendering and awards were better during the quarter as compared with other countries.
  • Order inflow came from diverse segments such as the public spaces, nuclear power, irrigation, ferrous metal, health, renewables, and refinery sectors. A large part of the domestic order book of Rs. 26,800 Cr is from PSUs (42%) and states (30%), with the center (10%) and private sector accounting for an 18% share. Nearly 27% of the total order book is funded by multilateral agencies.
  • Management indicated a healthy prospect pipeline of Rs. 6,300 Cr for 6MFY23. Though it is down from Rs. 7,600 Cr during 1QFY23, the company is targeting a higher win ratio from the same.
  • The energy segment’s prospects stand at Rs1.5 tn and hi-tech manufacturing’s prospects are at Rs190 bn. However, there could be continued headwinds on the margin front.
  • Core E&C margins stood at 8.1% during 2QFY23, down 110 bps from 9.2% in 2QFY22. Margins had seen cost pressures on projects contracted at higher prices. The company has nearly 66% of projects in hi-tech engineering and 85% of projects in the infrastructure segment on a variable pricing basis.
View All Notes

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
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales57,01763,17765,72474,46382,28782,38487,2551,01,0001,10,5011,26,236
Operating Expenses ⓘ 50,49057,21059,30069,64574,91475,85479,08091,9631,02,5391,17,090
Manufacturing Costs17,47919,71921,45125,64028,86929,35529,17934,51236,71242,987
Material Costs25,12027,46127,47730,69035,02834,96136,75243,16349,40756,144
Employee Cost 4,1624,9755,1475,6155,7335,9566,3987,3978,2988,864
Other Costs ⓘ 3,7295,0555,2257,7015,2855,5826,7506,8928,1219,095
Operating Profit ⓘ 6,5285,9686,4244,8177,3736,5308,1769,0377,9629,145
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 ⓘ 2,4042,4112,1804,7623,2733,4423,8824,0255,7466,260
Interest ⓘ 1,5791,6861,5251,6982,0702,5922,7692,1482,5042,786
Depreciation ⓘ 1,0089971,2151,0491,0001,0211,1511,1731,3721,751
Exceptional Items ⓘ 3575608944311,642627-2,8192670448
Profit Before Tax ⓘ 6,7016,2566,7587,2629,2196,9865,31910,0099,83311,316
Tax ⓘ 1,6451,2561,3041,8752,2719612,1712,1291,9842,012
Profit After Tax 5,0565,0005,4545,3876,9486,0253,1477,8797,8499,304
PAT Margin (%) 8.9%7.9%8.3%7.2%8.4%7.3%3.6%7.8%7.1%7.4%
Adjusted EPS (₹)36.335.839.038.449.542.922.456.155.867.7
Dividend Payout Ratio (%)30%34%36%42%36%42%161%39%43%50%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 36,83241,89345,83549,06249,94252,07561,65067,02571,45364,290
Share Capital ⓘ 186186187280281281281281281275
Reserves ⓘ 36,64641,70745,64948,78249,66151,79561,36966,74471,17264,015
Minority Interest0000000000
Debt12,30012,4889,4479,6257,85822,23023,47515,06612,57016,796
Long Term Debt8,5098,3127,1345,4953,7727,18616,64712,9689,39111,931
Short Term Debt3,7914,1762,3134,1304,08615,0446,8282,0973,1794,865
Trade Payables18,85122,21624,33831,09536,22536,62940,77045,38541,78040,846
Others Liabilities ⓘ 20,46522,86722,33325,42429,79329,19433,26739,88645,08151,763
Total Liabilities ⓘ 88,44899,4651,01,9531,15,2061,23,8181,40,1281,59,1611,67,3621,70,8851,73,696

Fixed Assets

Gross Block12,2908,3698,9779,75912,73312,10914,74115,47517,18719,134
Accumulated Depreciation4,7931,0942,2273,1914,4204,6555,8816,8497,8979,155
Net Fixed Assetsⓘ 7,4977,2756,7506,5688,3137,4558,8598,6269,2909,979
CWIP ⓘ 4944125046537397972875831,9551,424
Investmentsⓘ 23,05323,99126,75927,33922,90434,03449,41445,52847,26147,542
Inventories2,2711,9551,7632,5003,3492,7702,8783,1333,4293,521
Trade Receivables23,05118,96819,92222,91728,21327,91333,33236,34733,15336,962
Cash Equivalents 1,5163,5703,5364,3187,6203,9384,1766,4994,5704,769
Others Assetsⓘ 30,56643,29342,72050,91052,68063,22160,21766,64771,22969,499
Total Assets ⓘ 88,44899,4651,01,9531,15,2061,23,8181,40,1281,59,1611,67,3621,70,8851,73,696

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 3,1183,3005,9802,9522,556-1219,5615,9997,2648,294
PBT ⓘ 6,3445,6955,8647,26210,0327,22419,3379,7419,83310,868
Adjustment ⓘ 6707111,028676-1,411973-10,736-351-385-514
Changes in Working Capital ⓘ -2171-1490607-3222-3377-65822911-1095147569
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 ⓘ -1,884-1,522-461,7871,585-6,834-2,7234,526-1,7536,362
Capex -901-797-635-1,013-792-1,309-150-1,350-2,236-2,822
Net Investments -916789-2,3051751,110-764-12,9693,865-2,8694,984
Others ⓘ -67-1,5142,8932,6251,267-4,76010,3952,0113,3524,200
Cash Flow From Financing Activityⓘ -1,437-2,464-6,073-3,489-4,6067,419-6,698-8,360-7,441-14,522
Net Proceeds from Shares ⓘ 99705350111816111010
Net Proceeds from Borrowing ⓘ 1,180169-1,397-1,871-1852,4085,721432-3,0992,605
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 ⓘ -24318-1,8771,615-66110,815-6,874-4,6661,072-10,652
Net Cash Flow ⓘ -203-687-1401,250-4644641402,164-1,930133

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)14.4412.7112.4311.3514.0411.815.5312.2511.3413.71
ROCE (%)17.4314.9814.7115.4118.5413.689.851413.9315.97
Asset Turnover Ratio0.690.680.660.690.690.620.580.620.650.73
PAT to CFO Conversion(x)0.620.661.10.550.37-0.023.040.760.930.89
Working Capital Days
Receivable Days141120107105113124128126115101
Inventory Days13121010131412111110
Payable Days217251302324346376376355315261

Larsen & Toubro Ltd Stock News

Larsen & Toubro Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Larsen & Toubro on 28-Jan-2025 16:59 is ₹3,414.4.
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 28-Jan-2025 16:59 the market cap of Larsen & Toubro stood at ₹4,69,517.7.
The latest P/E ratio of Larsen & Toubro as of 28-Jan-2025 16:59 is 48.12.
The latest P/B ratio of Larsen & Toubro as of 28-Jan-2025 16:59 is 7.12.
The 52-week high of Larsen & Toubro is ₹3,963 and the 52-week low is ₹3,175.5.
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

  • L&T Chosen as the ‘Company of the Year’ by Business Standard.
  • L&T Wins Two Risk Management Trophies from CNBC TV18.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
Compliance Officer:
Name: Shrikant Jagtap
Email : shrikant.jagtap@moneyworks4me.com
Mobile No: +91 97638 00745
Grievance officer:
Name: Mukta Vaze
Email : mukta.vaze@moneyworks4me.com
Mobile No:+91 98609 19463
Principal Officer:
Name: Atharva Bhide
Email : atharva.bhide@moneyworks4me.com
Mobile No:+91 91758 99463
Sitemap play-store Download APP play-store Download APP
linkedin facebook twitter youtube insta whatsapp
Address: The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Complaints: Complaint status | Cancellation and Refund Policy | PML Act | Grievance Redressal Process | ODR | Investor charter | Terms & Conditions | Disclaimer | Disclosure
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
Loading...
Hold on