Larsen & Toubro Management

Management criteria checks 2/4

Larsen & Toubro's CEO is SNS Subrahmanyan, appointed in Jul 2017, has a tenure of 7.33 years. total yearly compensation is ₹510.50M, comprised of 7.1% salary and 92.9% bonuses, including company stock and options. directly owns 0.019% of the company’s shares, worth ₹931.04M. The average tenure of the management team and the board of directors is 4.3 years and 4.3 years respectively.

Key information

SNS Subrahmanyan

Chief executive officer

₹510.5m

Total compensation

CEO salary percentage	7.1%
CEO tenure	7.3yrs
CEO ownership	0.02%
Management average tenure	4.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has SNS Subrahmanyan's remuneration changed compared to Larsen & Toubro's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	₹134b
Jun 30 2024	n/a	n/a	₹133b
Mar 31 2024	₹511m	₹36m	₹130b
Dec 31 2023	n/a	n/a	₹126b
Sep 30 2023	n/a	n/a	₹121b
Jun 30 2023	n/a	n/a	₹111b
Mar 31 2023	₹357m	₹32m	₹103b
Dec 31 2022	n/a	n/a	₹100b
Sep 30 2022	n/a	n/a	₹96b
Jun 30 2022	n/a	n/a	₹91b
Mar 31 2022	₹613m	₹28m	₹86b
Dec 31 2021	n/a	n/a	₹84b
Sep 30 2021	n/a	n/a	₹86b
Jun 30 2021	n/a	n/a	₹80b
Mar 31 2021	₹285m	₹26m	₹69b
Dec 31 2020	n/a	n/a	₹65b
Sep 30 2020	n/a	n/a	₹29b
Jun 30 2020	n/a	n/a	₹78b
Mar 31 2020	₹272m	₹26m	₹89b
Dec 31 2019	n/a	n/a	₹96b
Sep 30 2019	n/a	n/a	₹94b
Jun 30 2019	n/a	n/a	₹91b
Mar 31 2019	₹485m	₹24m	₹83b
Dec 31 2018	n/a	n/a	₹87b
Sep 30 2018	n/a	n/a	₹81b
Jun 30 2018	n/a	n/a	₹77b
Mar 31 2018	₹318m	₹21m	₹74b

Compensation vs Market: SNS's total compensation ($USD6.05M) is above average for companies of similar size in the Indian market ($USD1.08M).

Compensation vs Earnings: SNS's compensation has increased by more than 20% in the past year.

CEO

SNS Subrahmanyan (64 yo)

7.3yrs

Tenure

₹510,500,000

Compensation

Mr. Sekharipuram Narayanan Subrahmanyan, also known as SNS, had been Non-Executive Vice-Chairman of L&T Technology Services Limited since May 3, 2017 until June 27, 2024 and serves as its Non-Executive Cha...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sekharipuram Subrahmanyan	MD & Chairman	7.3yrs	₹510.50m	0.019% ₹ 931.0m
Ramamurthi Raman	President	13.2yrs	₹316.60m	0.022% ₹ 1.0b
Azhakankumarath Nair	Company Secretary & Compliance Officer	4.8yrs	₹17.20m	0.00076% ₹ 36.6m
Subramanian Sarma	Whole-time Director & President of Energy	4.3yrs	₹370.30m	0.013% ₹ 645.3m
Tharayil Das	Senior EVP of Utilities & Whole-Time Director	no data	₹187.40m	0.0012% ₹ 56.9m
Sudhindra Desai	Senior EVP of Civil Infrastructure & Whole-Time Director	4.3yrs	₹192.10m	0.0019% ₹ 90.6m
Anil Parab	Senior EVP of Heavy Engineering & L&T Valves and Whole-Time Director	2.3yrs	₹125.20m	0.0081% ₹ 389.4m
R. Govindan	Senior Vice President of Corporate Finance & Enterprise Risk Management	less than a year	no data	0.000050% ₹ 2.4m
Marnix Coomans	Technical Head	no data	no data	no data
Bahadur Hitendra	Head of Administration	no data	no data	no data
Parameswaran Ramakrishnan	Vice President of Corporate Accounts & Investor Relations	no data	no data	0.0016% ₹ 78.6m
Kumar Hemant	Group General Counsel	no data	no data	no data

4.3yrs

Average Tenure

64yo

Average Age

Experienced Management: 500510's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sekharipuram Subrahmanyan	MD & Chairman	13.3yrs	₹510.50m	0.019% ₹ 931.0m
Ramamurthi Raman	President	13.1yrs	₹316.60m	0.022% ₹ 1.0b
Subramanian Sarma	Whole-time Director & President of Energy	9.3yrs	₹370.30m	0.013% ₹ 645.3m
Tharayil Das	Senior EVP of Utilities & Whole-Time Director	4.3yrs	₹187.40m	0.0012% ₹ 56.9m
Sudhindra Desai	Senior EVP of Civil Infrastructure & Whole-Time Director	4.3yrs	₹192.10m	0.0019% ₹ 90.6m
Anil Parab	Senior EVP of Heavy Engineering & L&T Valves and Whole-Time Director	2.3yrs	₹125.20m	0.0081% ₹ 389.4m
Anilkumar Naik	Chairman Emeritus	1.2yrs	₹16.90m	0.046% ₹ 2.2b
Sanjeev Aga	Independent Director	8.5yrs	₹5.30m	0.000010% ₹ 481.9k
Pramit Jhaveri	Independent Director	2.6yrs	₹3.70m	0.0015% ₹ 71.8m
P. Reddy	Independent Director	3.7yrs	₹2.20m	0.000010% ₹ 481.9k
Narayanan Kumar	Independent Director	8.5yrs	₹5.30m	0.00011% ₹ 5.3m
Prathivadibhayankara Ramesh	Independent Director	1.1yrs	₹1.30m	0.000010% ₹ 481.9k

4.3yrs

Average Tenure

66yo

Average Age

Experienced Board: 500510's board of directors are considered experienced (4.3 years average tenure).

Larsen & Toubro Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently bought ₹6.3m worth of stock

Larsen & Toubro Limited, Annual General Meeting, Jul 04, 2024

Larsen & Toubro Limited Announces Board Changes

Insider recently bought ₹3.3m worth of stock

Insider recently bought ₹1.9m worth of stock

Insider recently bought ₹2.0m worth of stock

Recent updates

Larsen & Toubro Limited (BSE:500510) agreed to acquire 7% stake in E2E Networks Limited (NSEI:E2E) from Tarun Dua for INR 3.3 billion.

Larsen & Toubro Limited to Report Q2, 2025 Results on Oct 30, 2024

L&T Carves Out Renewable Business Vertical Amid Energy Transition Led Growth in Its Infrastructure Segment

First quarter 2025 earnings released: EPS: ₹20.26 (vs ₹17.74 in 1Q 2024)

Larsen & Toubro Limited to Report Q1, 2025 Results on Jul 24, 2024

Larsen & Toubro Limited Declares Final Dividend for Fiscal Year 2023-24

Upcoming dividend of ₹28.00 per share

Insider recently bought ₹6.3m worth of stock

Larsen & Toubro Limited, Annual General Meeting, Jul 04, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Larsen & Toubro Limited Announces Board Changes

Larsen & Toubro Limited to Report Fiscal Year 2024 Results on May 08, 2024

Epic Concesiones Private Limited completed the acquisition of 51% stake in L&T Infrastructure Development Projects Limited from Larsen & Toubro Limited (BSE:500510).

Insider recently bought ₹3.3m worth of stock

Insider recently bought ₹1.9m worth of stock

Price target increased by 7.4% to ₹3,905

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Stup Consultants Pvt. Limited completed the acquisition of L&T Infrastructure Engineering Limited from Larsen & Toubro Limited (BSE:500510).

Larsen & Toubro Limited (BSE:500510) completed the acquisition of remaining 40% stake in L&T Sapura Offshore Private Limited from Nautical Power Pte Ltd.

Insider recently bought ₹2.0m worth of stock

Price target increased by 7.4% to ₹3,202

MD & Chairman recently bought ₹26m worth of stock

Stup Consultants Pvt. Limited agreed to acquire L&T Infrastructure Engineering Limited from Larsen & Toubro Limited (BSE:500510) for INR 600 million

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Larsen & Toubro Limited to Report Q2, 2024 Results on Oct 31, 2023

Insider recently sold ₹2.1m worth of stock

Insider recently sold ₹1.4m worth of stock

Insider recently sold ₹2.7m worth of stock

Larsen & Toubro to Buy Out NPCIL Stake in Arm

Larsen & Toubro Limited (BSE:500510) agreed to acquire remaining 40% stake in L&T Sapura Offshore Private Limited from Nautical Power Pte Ltd for INR 0.04 million.

Price target increased by 7.0% to ₹2,776

Larsen & Toubro Limited (BSE:500510) agreed to acquire remaining 40% stake in L&T Sapura Offshore Private Limited from Nautical Power Pte Ltd for INR 0.04 million.

Upcoming dividend of ₹24.00 per share at 0.9% yield

Full year 2023 earnings: EPS misses analyst expectations

Larsen & Toubro Limited Appoints Shrinath Rao as Senior Vice President & IC Head Transportation Infrastructure IC

Larsen & Toubro Limited to Report Q3, 2024 Results on Jan 30, 2024

Larsen & Toubro Limited to Report Q1, 2024 Results on Jul 25, 2023

Insider recently sold ₹1.2m worth of stock

Larsen & Toubro Limited, Annual General Meeting, Aug 09, 2023

Larsen & Toubro Limited Proposes Dividend for the Year Ended March 31, 2023, Payable on or before August 14, 2023

Larsen & Toubro Limited Proposes Final Dividend

Full year 2023 earnings released: EPS: ₹74.51 (vs ₹61.02 in FY 2022)

Insider recently sold ₹1.0m worth of stock

Insider recently sold ₹1.2m worth of stock

Insider recently sold ₹1.4m worth of stock

Insider recently sold ₹4.4m worth of stock

Insider recently sold ₹2.2m worth of stock

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Larsen & Toubro Limited to Report Q3, 2023 Results on Jan 30, 2023

Insider recently sold ₹1.0m worth of stock

An unknown buyer signed an agreement to acquire 51% stake in L&T Infrastructure Development Projects Limited from Larsen & Toubro Limited (BSE:500510).

Insider recently sold ₹6.4m worth of stock

Sumeet Chatterjee Joins Larsen & Toubro as Chief Communications Officer

Chiyoda Corporation (TSE:6366) agreed to acquire L&T-Chiyoda Limited from Larsen & Toubro Limited (BSE:500510) for INR 750 million.

Insider recently sold ₹2.1m worth of stock

Insider recently sold ₹1.3m worth of stock

Second quarter 2023 earnings released: EPS: ₹15.86 (vs ₹12.26 in 2Q 2022)

Larsen & Toubro Limited to Report Q2, 2023 Results on Oct 31, 2022

Insider recently sold ₹1.1m worth of stock

Insider recently sold ₹11m worth of stock

Insider recently sold ₹1.1m worth of stock

Insider recently sold ₹3.9m worth of stock

Larsen & Toubro Limited Appoints Mr. Anil. V. Parab as Whole-Time Director, Effective from August 5, 2022

Upcoming dividend of ₹22.00 per share

Larsen & Toubro Limited to Report Q1, 2023 Results on Jul 26, 2022

Insider recently bought ₹1.6m worth of stock

Larsen & Toubro Limited Proposes Dividend for the Year Ended 31 March 2022, Payable on or before 8 August 2022

Insider recently bought ₹1.0m worth of stock

Price target decreased to ₹2,066