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Larsen & Toubro

BSE:500510
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500510
BSE
₹1,824B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Larsen & Toubro Limited engages in the technology, engineering, construction, manufacturing, IT, and financial operations worldwide. The last earnings update was 84 days ago. More info.


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500510 Share Price and Events
7 Day Returns
-3.1%
BSE:500510
-3.1%
IN Construction
-0.7%
IN Market
1 Year Returns
-7.1%
BSE:500510
-22.4%
IN Construction
-11.6%
IN Market
500510 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Larsen & Toubro (500510) -3.1% -7.4% 8.2% -7.1% 76.2% 96.5%
IN Construction -3.1% -6.4% 6.2% -22.4% 42.2% 100.8%
IN Market -0.7% -0.5% 5.3% -11.6% 41.7% 87.9%
1 Year Return vs Industry and Market
  • 500510 outperformed the Construction industry which returned -22.4% over the past year.
  • 500510 outperformed the Market in India which returned -11.6% over the past year.
Price Volatility
500510
Industry
5yr Volatility vs Market

500510 Value

 Is Larsen & Toubro undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Larsen & Toubro to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Larsen & Toubro.

BSE:500510 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 29 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 20.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500510
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.204 (1 + (1- 35%) (67.74%))
1.734
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.73
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.734 * 7.45%)
20.47%

Discounted Cash Flow Calculation for BSE:500510 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Larsen & Toubro is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500510 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 1,183.38 33,157.28 49,236.88 53,601.56 58,353.16
Source Analyst x13 Analyst x18 Analyst x8 Est @ 8.86% Est @ 8.86%
Present Value
Discounted (@ 20.47%)
982.34 22,848.06 28,164.12 25,451.79 23,000.67
Present value of next 5 years cash flows ₹100,446.97
BSE:500510 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹58,353.16 × (1 + 7.55%) ÷ (20.47% – 7.55%)
₹485,896.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹485,896.80 ÷ (1 + 20.47%)5
₹191,522.64
BSE:500510 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹100,446.97 + ₹191,522.64
₹291,969.62
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹291,969.62 / 1,402.22
₹208.22
BSE:500510 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹208.22
Current discount Discount to share price of ₹1,301.00
= -1 x (₹1,301.00 - ₹208.22) / ₹208.22
-524.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Larsen & Toubro is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Larsen & Toubro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Larsen & Toubro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500510 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹57.82
BSE:500510 Share Price ** BSE (2019-01-23) in INR ₹1301
India Construction Industry PE Ratio Median Figure of 86 Publicly-Listed Construction Companies 13.9x
India Market PE Ratio Median Figure of 2,737 Publicly-Listed Companies 16.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Larsen & Toubro.

BSE:500510 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500510 Share Price ÷ EPS (both in INR)

= 1301 ÷ 57.82

22.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Larsen & Toubro is overvalued based on earnings compared to the IN Construction industry average.
  • Larsen & Toubro is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Larsen & Toubro's expected growth come at a high price?
Raw Data
BSE:500510 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts
13.7%per year
India Construction Industry PEG Ratio Median Figure of 28 Publicly-Listed Construction Companies 0.8x
India Market PEG Ratio Median Figure of 631 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

BSE:500510 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.5x ÷ 13.7%

1.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Larsen & Toubro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Larsen & Toubro's assets?
Raw Data
BSE:500510 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹401.92
BSE:500510 Share Price * BSE (2019-01-23) in INR ₹1301
India Construction Industry PB Ratio Median Figure of 114 Publicly-Listed Construction Companies 0.93x
India Market PB Ratio Median Figure of 3,570 Publicly-Listed Companies 1.16x
BSE:500510 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500510 Share Price ÷ Book Value per Share (both in INR)

= 1301 ÷ 401.92

3.24x

* Primary Listing of Larsen & Toubro.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Larsen & Toubro is overvalued based on assets compared to the IN Construction industry average.
X
Value checks
We assess Larsen & Toubro's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Larsen & Toubro has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

500510 Future Performance

 How is Larsen & Toubro expected to perform in the next 1 to 3 years based on estimates from 29 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Larsen & Toubro expected to grow at an attractive rate?
  • Larsen & Toubro's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Larsen & Toubro's earnings growth is positive but not above the India market average.
  • Larsen & Toubro's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:500510 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:500510 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts 13.7%
BSE:500510 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts 11.8%
India Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
India Construction Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
India Market Earnings Growth Rate Market Cap Weighted Average 18.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500510 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500510 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 1,721,680 108,104 113,882 18
2020-03-31 1,538,612 69,178 98,101 29
2019-03-31 1,366,789 68,637 87,240 29
BSE:500510 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 1,310,332 81,027
2018-06-30 1,253,735 76,921
2018-03-31 1,210,226 -100,310 73,699
2017-12-31 1,169,847 72,270
2017-09-30 1,143,907 67,094
2017-06-30 1,135,754 63,242
2017-03-31 1,106,300 66,553 60,412
2016-12-31 1,078,329 62,095
2016-09-30 1,074,625 59,375
2016-06-30 1,055,753 52,812
2016-03-31 1,019,565 -32,396 42,329
2015-12-31 984,842 47,065

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Larsen & Toubro's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Larsen & Toubro's revenue is expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500510 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below

All data from Larsen & Toubro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500510 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 81.51 92.98 75.68 14.00
2020-03-31 70.23 77.84 64.80 24.00
2019-03-31 62.07 71.87 56.90 23.00
BSE:500510 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 57.82
2018-06-30 54.90
2018-03-31 52.62
2017-12-31 51.63
2017-09-30 47.94
2017-06-30 45.22
2017-03-31 43.20
2016-12-31 44.42
2016-09-30 42.49
2016-06-30 37.82
2016-03-31 30.32
2015-12-31 33.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Larsen & Toubro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Larsen & Toubro's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Larsen & Toubro has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

500510 Past Performance

  How has Larsen & Toubro performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Larsen & Toubro's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Larsen & Toubro's year on year earnings growth rate has been positive over the past 5 years.
  • Larsen & Toubro's 1-year earnings growth exceeds its 5-year average (20.8% vs 11.7%)
  • Larsen & Toubro's earnings growth has not exceeded the IN Construction industry average in the past year (20.8% vs 34.9%).
Earnings and Revenue History
Larsen & Toubro's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Larsen & Toubro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500510 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,310,331.80 81,027.10 272,485.70
2018-06-30 1,253,734.90 76,921.00 259,539.20
2018-03-31 1,210,225.90 73,698.60 247,061.70
2017-12-31 1,169,847.00 72,269.80 235,296.70
2017-09-30 1,143,906.80 67,094.20 229,764.30
2017-06-30 1,135,754.00 63,241.70 211,223.10
2017-03-31 1,106,300.10 60,412.30 222,488.50
2016-12-31 1,078,328.90 62,095.00 167,125.20
2016-09-30 1,074,625.30 59,374.50 165,728.10
2016-06-30 1,055,753.10 52,811.90 163,994.10
2016-03-31 1,019,565.30 42,328.80 201,859.70
2015-12-31 984,842.20 47,065.30 141,287.00
2015-09-30 965,028.20 45,382.70 131,704.30
2015-06-30 942,689.50 44,041.20 128,119.00
2015-03-31 930,591.20 47,648.20 142,265.10
2014-12-31 918,958.10 55,222.00 125,443.50
2014-09-30 897,803.00 54,591.40 124,205.90
2014-06-30 877,517.20 54,103.00 122,500.50
2014-03-31 860,179.10 49,020.00 109,486.00
2013-03-31 753,488.80 52,056.70 96,447.70
2012-03-31 651,286.90 46,936.90 73,605.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Larsen & Toubro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Larsen & Toubro used its assets less efficiently than the IN Construction industry average last year based on Return on Assets.
  • Larsen & Toubro has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Larsen & Toubro's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Larsen & Toubro has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

500510 Health

 How is Larsen & Toubro's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Larsen & Toubro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Larsen & Toubro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Larsen & Toubro's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Larsen & Toubro's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Larsen & Toubro Company Filings, last reported 3 months ago.

BSE:500510 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 624,237.50 1,235,532.10 284,888.10
2018-06-30 612,819.90 1,075,240.80 171,986.20
2018-03-31 612,819.90 1,075,240.80 171,986.20
2017-12-31 549,765.70 1,028,051.30 224,517.70
2017-09-30 549,765.70 1,028,051.30 224,517.70
2017-06-30 537,801.20 939,762.70 220,753.70
2017-03-31 537,801.20 939,539.50 193,846.80
2016-12-31 494,155.30 907,964.50 177,797.90
2016-09-30 494,155.30 907,964.50 177,797.90
2016-06-30 507,605.10 1,013,066.00 139,997.00
2016-03-31 470,732.00 881,354.90 128,841.00
2015-12-31 482,332.70 982,649.70 149,442.90
2015-09-30 482,332.70 982,649.70 149,442.90
2015-06-30 459,076.90 905,713.80 137,071.50
2015-03-31 459,076.90 905,707.40 137,071.50
2014-12-31 433,034.40 852,563.20 112,001.40
2014-09-30 433,034.40 852,563.20 112,001.40
2014-06-30 408,907.90 801,529.10 104,981.10
2014-03-31 408,907.90 803,303.90 104,832.60
2013-03-31 365,125.60 626,716.30 111,094.50
2012-03-31 311,402.40 471,500.80 106,032.00
  • Larsen & Toubro's level of debt (197.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (184.9% vs 197.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess Larsen & Toubro's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Larsen & Toubro has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

500510 Dividends

 What is Larsen & Toubro's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.23%
Current annual income from Larsen & Toubro dividends. Estimated to be 1.65% next year.
If you bought ₹2,000 of Larsen & Toubro shares you are expected to receive ₹25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Larsen & Toubro's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Larsen & Toubro's dividend is below the markets top 25% of dividend payers in India (1.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500510 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 29 Analyst Estimates (S&P Global) See Below
India Construction Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 1.2%
India Market Average Dividend Yield Market Cap Weighted Average of 1392 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:500510 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 24.91 17.00
2020-03-31 21.24 24.00
2019-03-31 19.09 23.00
BSE:500510 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-28 16.000 1.207
2017-05-29 14.000 1.131
2016-05-25 12.167 1.221
2015-06-01 10.833 1.172
2014-08-25 9.500 0.885
2013-05-22 8.222 1.154
2012-05-14 7.333 1.128
2011-05-19 6.444 1.044
2010-08-27 5.556 0.701
2009-08-28 4.667 0.639
2009-01-27 3.778 0.880

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Larsen & Toubro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Larsen & Toubro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Larsen & Toubro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Larsen & Toubro has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

500510 Management

 What is the CEO of Larsen & Toubro's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
S. Subrahmanyan
COMPENSATION ₹318,030,000
AGE 58
TENURE AS CEO 1.5 years
CEO Bio

Mr. S. N. Subrahmanyan has been Chief Executive Officer and Managing Director of Larsen & Toubro Limited since July 1, 2017. Mr. Subrahmanyan served as the President of Larsen & Toubro Limited since October 01, 2015 until July 1, 2017. He served as Deputy Managing Director of Larsen & Toubro Limited from October 01, 2015 to July 1, 2017. He served as Senior Executive Vice President of Construction & Infrastructure at Larsen & Toubro Limited until October 2015. He has over 30 years of experience in the infrastructure and construction industry. He joined the L&T group in 1984. He served as Senior Executive Vice President of Construction at Larsen & Toubro Limited. Mr. Subrahmanyan served as a Vice President and Head of B&F OC at Larsen & Toubro Limited - ECC Division. He started off as project planning engineer involving costing and job planning and was soon handpicked and was instrumental in developing the MIS, Budgets and Strategic Planning for ECC Division of L&T. His Key Achievements : Securing and managing EPC contracts for four major international airports in India at Bengaluru, Hyderabad, Delhi and Mumbai. He has secured a major order for construction of Salalah Airport at Oman which is once again one of the largest international orders for L&T. He was instrumental in setting up the Ready Mix Concrete business for ECC. He has bagged many prestigious orders for construction of landmark buildings like ICICI and National Stock Exchange buildings at Bandra-Kurla, Safal Fruit & Vegetable Market - Bengaluru, TIDEL Park-Chennai including many IT and hospital building projects. On the developmental projects side, he lead a team which conceptualised and implemented projects like HITEC City & HITEX Exhibition Centre at Hyderabad, CR2 - India's first Commercial Complex and Car Park at Mumbai and Bengaluru International Airport Limited - India's first Public Private Partnership Airport. He serves as Chairman of L&T Metro Rail (Hyderabad) Limited. He has been Non Executive Vice Chairman of Larsen & Toubro Infotech Limited since May 4, 2017. He has been Non-Executive Director at Larsen & Toubro Infotech Limited since January 10, 2015. He serves as Director of Larsen & Toubro (Oman) L.L.C. He has been a Whole-time Director at Larsen & Toubro Limited since July 01, 2011. He also serves as Director of L&T Buildings & Factories Independent Company, L&T Technology Services Limited and L&T Infrastructure Independent Company. He served as Director of Kempegowda International Airport Limited. He is a Member of the Board of Governors of the National Institute of Construction Management and Research and Governing Council of the Construction Skill Development Council of India. He was the Chairman of the CII Gulf Committee for the Financial Year 2012 and was a member of the Working Committee, Projects Exports Promotion Council. Mr. Subrahmanyan was awarded the “Leadership Award” by the Qatar Contractors Forum in 2014. He was ranked 36th in the “2014 Construction Week Power 100” in the global construction sector in a survey by international publication the Construction Week, in its issue dated June 22, 2014. In 2012, he was awarded with the “Outstanding Contribution to Industry (Infrastructure)” by the Construction Week Magazine. He has obtained a graduate degree in civil engineering from the Kurukshetra University, Haryana and has completed a post-graduate course in business administration from Symbiosis Institute of Business Management, Pune. He also undergone the Executive Management Programme from London Business School. Mr. Subrahmanyan is a Fellow of the Institution of Civil Engineers- United Kingdom.

CEO Compensation
  • S.'s compensation has increased by more than 20% in the past year.
  • S.'s remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Larsen & Toubro management team in years:

3.1
Average Tenure
61
Average Age
  • The tenure for the Larsen & Toubro management team is about average.
Management Team

S. Subrahmanyan

TITLE
CEO, MD & Whole Time Director
COMPENSATION
₹318M
AGE
58
TENURE
1.5 yrs

Ramamurthi Raman

TITLE
CFO & Whole-Time Director
COMPENSATION
₹172M
AGE
60
TENURE
7.3 yrs

N. Hariharan

TITLE
Executive VP
COMPENSATION
₹12M

Shailendra Roy

TITLE
Senior EVP of Power
COMPENSATION
₹121M
AGE
66
TENURE
3.3 yrs

D. Sen

TITLE
Senior EVP of Infrastructure & Whole-Time Director
COMPENSATION
₹81M
AGE
62
TENURE
3.3 yrs

M. Satish

TITLE
Senior EVP of Buildings
COMPENSATION
₹74M
AGE
61
TENURE
2.9 yrs

Jayant Patil

TITLE
Senior EVP of Defence Business & Whole-Time Director
COMPENSATION
₹40M
AGE
64
TENURE
1.5 yrs

Marnix Coomans

TITLE
Technical Head
AGE
41

Bahadur Hitendra

TITLE
Head of Administration
AGE
62

Kumar Hemant

TITLE
Group General Counsel
AGE
61
Board of Directors Tenure

Average tenure and age of the Larsen & Toubro board of directors in years:

6.3
Average Tenure
65
Average Age
  • The tenure for the Larsen & Toubro board of directors is about average.
Board of Directors

Anilkumar Naik

TITLE
Group Chairman
COMPENSATION
₹1B
AGE
76
TENURE
6.3 yrs

S. Subrahmanyan

TITLE
CEO, MD & Whole Time Director
COMPENSATION
₹318M
AGE
58
TENURE
7.5 yrs

Ramamurthi Raman

TITLE
CFO & Whole-Time Director
COMPENSATION
₹172M
AGE
60
TENURE
7.3 yrs

Shailendra Roy

TITLE
Senior EVP of Power
COMPENSATION
₹121M
AGE
66
TENURE
6.8 yrs

D. Sen

TITLE
Senior EVP of Infrastructure & Whole-Time Director
COMPENSATION
₹81M
AGE
62
TENURE
3.3 yrs

M. Satish

TITLE
Senior EVP of Buildings
COMPENSATION
₹74M
AGE
61
TENURE
3 yrs

Jayant Patil

TITLE
Senior EVP of Defence Business & Whole-Time Director
COMPENSATION
₹40M
AGE
64
TENURE
1.5 yrs

Subodh Bhargava

TITLE
Independent Director
COMPENSATION
₹5M
AGE
76
TENURE
11.5 yrs

Mukund Chitale

TITLE
Independent Director
COMPENSATION
₹4M
AGE
69

Vikram Mehta

TITLE
Independent Director
COMPENSATION
₹3M
AGE
66
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • Larsen & Toubro insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
16. Jan 19 Sell C. Reddy Individual 08. Aug 18 13. Dec 18 -1,996 ₹1,420.00 ₹-2,736,243
16. Jan 19 Sell S. KOTHARY Individual 11. Jan 19 11. Jan 19 -562 ₹1,365.00 ₹-767,130
10. Jan 19 Sell S. KOTHARY Individual 03. Jan 19 07. Jan 19 -9,000 ₹1,403.00 ₹-12,569,291
03. Jan 19 Sell S. KOTHARY Individual 02. Jan 19 02. Jan 19 -3,000 ₹1,427.00 ₹-4,281,000
31. Dec 18 Sell S. KOTHARY Individual 20. Dec 18 28. Dec 18 -15,000 ₹1,440.00 ₹-21,317,420
31. Dec 18 Sell Sharat Bhargava Individual 26. Dec 18 27. Dec 18 -9,505 ₹1,427.35 ₹-13,449,370
31. Dec 18 Sell T. Sukumar Individual 27. Dec 18 28. Dec 18 -800 ₹1,440.00 ₹-1,144,126
20. Dec 18 Sell P. Rajashekar Individual 09. Nov 18 18. Dec 18 -800 ₹1,430.00 ₹-1,090,682
18. Dec 18 Sell K Subramanian Individual 19. Nov 18 10. Dec 18 -725 ₹1,488.96 ₹-1,020,150
12. Dec 18 Sell Krishnaswamy Srinathan Individual 29. Nov 18 07. Dec 18 -800 ₹1,465.22 ₹-1,143,047
07. Dec 18 Sell J. Chattopadhyay Individual 02. Jul 18 24. Aug 18 -1,903 ₹1,344.20 ₹-2,550,784
03. Dec 18 Sell K. Kotwal Individual 29. Nov 18 29. Nov 18 -1,800 ₹1,419.95 ₹-2,555,910
30. Nov 18 Sell Rao Nagoji Individual 13. Nov 18 13. Nov 18 -2,000 ₹1,386.00 ₹-2,772,000
30. Nov 18 Sell K. Kotwal Individual 29. Mar 16 29. Mar 16 -3,300 ₹795.97 ₹-2,626,690
28. Nov 18 Sell Hazel Farro Individual 26. Nov 18 26. Nov 18 -800 ₹1,427.00 ₹-1,141,600
09. Feb 18 Sell P. R. Babu Individual 04. Oct 17 20. Nov 17 -926 ₹1,230.81 ₹-1,091,764
17. Nov 18 Sell Bhaskara Sarma Individual 15. Nov 18 15. Nov 18 -750 ₹1,402.00 ₹-1,051,500
25. Oct 18 Buy Jayant Patil Individual 08. Oct 18 23. Oct 18 840 ₹1,217.81 ₹1,011,554
28. Sep 18 Buy Jayant Patil Individual 11. Sep 18 24. Sep 18 1,000 ₹1,332.01 ₹1,320,672
29. Sep 18 Sell M. Ramana Individual 26. Sep 18 26. Sep 18 -5,000 ₹1,311.31 ₹-6,556,550
11. Sep 18 Sell Kaushik Dey Individual 31. Aug 18 31. Aug 18 -1,800 ₹1,362.82 ₹-2,453,076
07. Sep 18 Sell T. Sukumar Individual 04. Jul 18 21. Aug 18 -900 ₹1,325.00 ₹-1,172,865
10. Mar 18 Sell N. Srinivasan Individual 17. Apr 17 18. Apr 17 -3,750 ₹1,127.33 ₹-4,223,897
11. Aug 18 Sell Sharat Bhargava Individual 07. Aug 18 07. Aug 18 -750 ₹1,300.00 ₹-975,000
11. Aug 18 Sell Sharat Bhargava Individual 07. Aug 18 08. Aug 18 -1,450 ₹1,305.00 ₹-1,888,642
26. Feb 18 Sell Santosh Gangwar Individual 03. Nov 17 30. Nov 17 -920 ₹1,243.69 ₹-1,122,874
13. Jul 18 Sell Sarvesh Soman Individual 17. Apr 18 17. Apr 18 -6,000 ₹1,350.00 ₹-8,100,000
18. May 18 Sell S. Arunakumar Individual 18. Apr 18 15. May 18 -1,150 ₹1,415.17 ₹-1,613,125
29. Jan 18 Sell Arnob Mondal Individual 19. Jan 18 19. Jan 18 -800 ₹1,373.80 ₹-1,099,040
25. Apr 18 Sell Manas Mukherjee Individual 23. Apr 18 23. Apr 18 -1,000 ₹1,367.22 ₹-1,367,220
26. Jun 18 Sell K. Cion Individual 20. Jun 18 21. Jun 18 -4,000 ₹1,296.88 ₹-5,180,545
18. Jun 18 Sell K. Cion Individual 14. Jun 18 14. Jun 18 -1,000 ₹1,356.24 ₹-1,356,240
15. Jun 18 Sell I. Chandran Individual 08. May 18 08. May 18 -2,700 ₹1,365.01 ₹-3,685,527
15. Jun 18 Sell Ram Mukhija Individual 13. Jun 18 13. Jun 18 -2,948 ₹1,366.30 ₹-4,027,852
16. May 18 Sell Saurabh Indwar Individual 05. Apr 18 15. May 18 -800 ₹1,428.19 ₹-1,122,457
11. May 18 Sell Pushpraj Mengde Individual 13. Apr 18 09. May 18 -1,240 ₹1,365.44 ₹-1,693,144
11. May 18 Sell Anupam Kumar Individual 17. Mar 17 17. Mar 17 -5,850 ₹1,033.33 ₹-6,045,000
03. May 18 Sell C Lakshmanan Individual 03. Apr 17 24. Apr 17 -1,200 ₹1,142.00 ₹-1,311,470
17. Apr 18 Sell Radhika Choudhari Individual 02. Apr 18 12. Apr 18 -1,350 ₹1,351.10 ₹-1,813,262
25. Apr 18 Sell S. Manjunatha Individual 05. Apr 18 19. Apr 18 -1,100 ₹1,378.55 ₹-1,496,785
25. Apr 18 Sell Radhika Choudhari Individual 23. Apr 18 23. Apr 18 -1,000 ₹1,362.00 ₹-1,362,000
12. Apr 18 Sell K. Kumar Individual 05. Apr 17 21. Apr 17 -1,497 ₹1,133.33 ₹-1,679,435
12. Apr 18 Sell Anjan Datta Individual 10. Apr 18 10. Apr 18 -1,000 ₹1,349.80 ₹-1,349,800
03. Apr 18 Sell Atul Khedekar Individual 14. Jul 16 22. Aug 16 -1,020 ₹1,048.47 ₹-1,027,911
03. Apr 18 Sell A Sarkar Individual 01. Mar 16 01. Mar 16 -4,500 ₹717.33 ₹-3,228,000
03. Apr 18 Sell R. Elayaraja Individual 22. Jan 18 07. Mar 18 -1,059 ₹1,410.31 ₹-1,404,453
29. Mar 18 Sell Mukesh Bhargava Individual 18. Jul 16 26. Jul 16 -1,500 ₹1,056.65 ₹-1,579,182
05. Feb 18 Sell Vivek Hajela Individual 22. Jan 18 22. Jan 18 -1,850 ₹1,379.77 ₹-2,552,575
23. Mar 18 Sell Mukesh Bhargava Individual 10. Jul 15 26. Jul 16 -3,200 ₹1,324.42 ₹-3,969,306
23. Mar 18 Sell Saurabh Indwar Individual 04. Jan 18 27. Feb 18 -550 ₹1,398.50 ₹-752,578
06. Feb 18 Sell Anjan Datta Individual 01. Jan 18 01. Feb 18 -1,000 ₹1,385.92 ₹-1,385,920
14. Mar 18 Sell Ramasudhakar Pga Individual 06. Mar 18 06. Mar 18 -765 ₹1,309.11 ₹-1,001,469
15. Mar 18 Sell Sameer Godbole Individual 14. Mar 17 14. Mar 17 -1,350 ₹1,040.50 ₹-1,387,051
23. Jan 18 Sell R. Iyer Individual 04. Jan 18 18. Jan 18 -1,000 ₹1,362.61 ₹-1,339,456
09. Feb 18 Sell R. Bhakta Individual 06. Feb 18 06. Feb 18 -1,000 ₹1,350.64 ₹-1,350,640
10. Mar 18 Buy Amit Joshi Individual 27. Feb 18 27. Feb 18 400 ₹1,350.00 ₹540,000
23. Mar 18 Buy Vishwas Damle Individual 02. Feb 18 06. Feb 18 130 ₹1,420.31 ₹184,637
27. Mar 18 Sell A. Kumar Individual 07. Feb 18 26. Mar 18 -1,300 ₹1,370.47 ₹-1,695,879
12. Feb 18 Sell Falgun Chokshi Individual 08. Feb 18 09. Feb 18 -1,150 ₹1,349.37 ₹-1,538,917
13. Feb 18 Sell Dhiren Kothari Individual 08. Jan 18 06. Feb 18 -2,300 ₹1,351.40 ₹-3,087,284
10. Mar 18 Sell Padma Balan Individual 01. Feb 18 12. Feb 18 -850 ₹1,449.99 ₹-1,186,043
09. Mar 18 Sell Ram Mukhija Individual 05. Mar 18 05. Mar 18 -100,000 ₹1,300.70 ₹-130,069,999
23. Mar 18 Sell Shanthala Vidyadhar Individual 12. Oct 16 24. Oct 16 -1,200 ₹1,001.35 ₹-1,200,715
23. Jan 18 Sell Sharat Bhargava Individual 22. Jan 18 22. Jan 18 -5,000 ₹1,380.00 ₹-6,880,000
12. Mar 18 Sell Shirish Antrolia Individual 10. Jan 18 10. Jan 18 -1,000 ₹1,340.00 ₹-1,340,000
01. Feb 18 Buy Akhilesh Gupta Individual 16. Jan 18 17. Jan 18 32,380 ₹1,353.59 ₹43,061,889
14. Feb 18 Sell R. Bhakta Individual 07. Feb 18 12. Feb 18 -1,500 ₹1,356.93 ₹-2,029,686
01. Feb 18 Sell P. Kothari Individual 23. Jan 18 23. Jan 18 -2,000 ₹1,402.00 ₹-2,804,000
09. Feb 18 Sell Narinder Puri Individual 03. Apr 17 26. Apr 17 -750 ₹1,155.27 ₹-828,129
23. Jan 18 Sell Anilkumar Naik Individual 22. Jan 18 22. Jan 18 -100,000 ₹1,402.00 ₹-139,199,995
23. Jan 18 Sell A Shahane Individual 18. Jan 18 22. Jan 18 -750 ₹1,392.00 ₹-1,043,389
13. Mar 18 Sell N. Kulkarni Individual 31. Jan 18 31. Jan 18 -1,000 ₹1,416.00 ₹-1,416,000
09. Feb 18 Sell Falgun Chokshi Individual 08. Jan 18 08. Jan 18 -1,050 ₹1,352.08 ₹-1,415,687
25. Jan 18 Sell Ram Mukhija Individual 22. Jan 18 22. Jan 18 -10,000 ₹1,380.17 ₹-13,801,699
06. Feb 18 Sell KK Dutta Individual 15. Nov 17 15. Nov 17 -5,000 ₹1,210.06 ₹-6,050,300
23. Mar 18 Sell Vishwas Damle Individual 24. Jan 18 06. Feb 18 -460 ₹1,458.35 ₹-664,091
23. Mar 18 Buy Mukesh Bhargava Individual 10. Jul 15 10. Jul 15 1,305 ₹1,251.45 ₹1,633,059
10. Mar 18 Sell A. Radharaman Individual 14. Jul 17 24. Nov 17 -5,500 ₹1,218.80 ₹-6,478,153
27. Mar 18 Sell R. Elayaraja Individual 05. Feb 18 07. Mar 18 -934 ₹1,407.87 ₹-1,227,750
24. Jan 18 Sell Anilkumar Naik Individual 23. Jan 18 23. Jan 18 -25,000 ₹1,410.00 ₹-35,249,999
09. Feb 18 Buy Narinder Puri Individual 30. Jun 17 30. Jun 17 300 ₹1,123.33 ₹337,000
20. Mar 18 Sell Hitendra Pooniwala Individual 18. Apr 16 07. Feb 17 -4,200 ₹1,000.00 ₹-3,889,833
23. Feb 18 Sell Pinakin Desai Individual 01. Dec 17 01. Dec 17 -5,858 ₹1,216.55 ₹-7,126,550
13. Mar 18 Sell A Sarkar Individual 08. Mar 16 08. Mar 16 -3,764 ₹788.62 ₹-2,967,971
23. Mar 18 Sell Kajal Indwar Individual 26. Feb 18 26. Feb 18 -42 ₹1,343.45 ₹-56,425
01. Feb 18 Sell Lawrence Mohan Individual 18. Jan 18 18. Jan 18 -1,000 ₹1,374.80 ₹-1,374,800
05. Mar 18 Sell KK Dutta Individual 28. Feb 18 28. Feb 18 -2,500 ₹1,323.67 ₹-3,309,175
25. Jan 18 Sell P. Kapoor Individual 01. Nov 17 27. Dec 17 -900 ₹1,270.90 ₹-1,108,216
21. Mar 18 Sell K. Balamurali Individual 03. Jan 18 03. Jan 18 -54 ₹1,270.00 ₹-68,580
X
Management checks
We assess Larsen & Toubro's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Larsen & Toubro has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

500510 News

Simply Wall St News

500510 Company Info

Map
Description

Larsen & Toubro Limited engages in the technology, engineering, construction, manufacturing, IT, and financial operations worldwide. The Infrastructure segment constructs buildings and factories, transportation and heavy civil infrastructure, power transmission and distribution, water, smart world, and communications projects. The Power segment offers coal and gas-based thermal power plants turnkey solutions, including power generation equipment. The Heavy Engineering segment offers custom designed and engineered equipment and systems for industries, such as fertilizer, refinery, petrochemical, chemical, oil and gas, thermal and nuclear power, aerospace, and defense. The Electrical & Automation segment manufactures and sells low and medium voltage switchgear components, custom built low and medium voltage switchboards, and electronic energy meters/protection systems, as well as control and automation products. The Hydrocarbon segment provides EPC solutions for the oil and gas Industry from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation, and commissioning services. The IT & Technology Services segment offers information technology and integrated engineering services. The Financial Services segment provides retail, housing, and wholesale finance; and mutual fund and wealth management services. The Developmental Projects segment is involved in the basic infrastructure projects; toll and fare collection; power development; development and operation of port facilities; and providing related advisory services. The Others segment engages in the metallurgical and material handling systems; realty; shipbuilding; industrial valves; welding and cutting equipment; construction equipment; mining machinery; rubber processing machinery and castings; and mining and aviation businesses. Larsen & Toubro Limited was founded in 1938 and is headquartered in Mumbai, India.

Details
Name: Larsen & Toubro Limited
500510
Exchange: BSE
Founded: 1938
₹1,824,008,151,931
1,402,220,289
Website: http://www.larsentoubro.com
Address: Larsen & Toubro Limited
L&T House,
N.M. Marg,
Mumbai,
Maharashtra, 400001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500510 Equity Shares Mumbai Stock Exchange IN INR 02. Feb 1998
NSEI LT Equity Shares National Stock Exchange of India IN INR 02. Feb 1998
LSE LTOD SPON GDR EA REPR 1 ORD REG S London Stock Exchange GB USD 07. Dec 1994
OTCPK LTOU.F SPON GDR EA REPR 1 ORD REG S Pink Sheets LLC US USD 07. Dec 1994
DB LTO SPON GDR EA REPR 1 ORD REG S Deutsche Boerse AG DE EUR 07. Dec 1994
BDL LS&TB SPON GDR EA REPR 1 ORD REG S Bourse de Luxembourg LU USD 07. Dec 1994
BATS-CHIXE LTODL SPON GDR EA REPR 1 ORD REG S BATS 'Chi-X Europe' GB USD 07. Dec 1994
Number of employees
Current staff
Staff numbers
0
Larsen & Toubro employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/23 12:30
End of day share price update: 2019/01/23 00:00
Last estimates confirmation: 2019/01/22
Last earnings filing: 2018/10/31
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.