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HomeSHARE MARKET5000-10,000 Cr Back To Back Order For This Infra Sector Company; ₹4000...

5000-10,000 Cr Back To Back Order For This Infra Sector Company; ₹4000 Target

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Larsen & Toubro Ltd (NSE: LT) Share Price: Incredible action is happening in the stock market. There is tremendous enthusiasm in selected stocks due to the strong movement in the market. 

This includes shares of infra sector company Lorson & Turbo (L&T). The share is trading above Rs 3609 on BSE with a gain of about 2 percent. There is enthusiasm in the stock due to the continuous orders received by the company.

The global broker has issued an optimistic rating to the stock. L&T received a big order from the Middle East on March 14.

It has received orders for a pipeline project to transport gas. The range of orders is Rs 5000-10,000 crore.

Upside Target Of Rs 4260 On The Stock

The global brokerage firm has remained at an investment grade rating of L&T. An upside target of Rs 4000 has been given on the share. 

The company’s biggest customer Aramco has talked about increasing the capex. Under this, Saudi Arabia’s government oil company is going to increase its capex by 7 percent in 2024. 

Because Aramco has expressed hope that oil demand may increase in the current year. Due to this, further improvement in profits may be seen in L&T.

Strong Growth Outlook In The Fourth Quarter

L&T is very important in India and Middle East capex. In this regard, the business is looking to improve its outlook.

In the fourth quarter, there was a growth of 29 percent in Capex on an annual basis. There is US $75 billion in the pipeline.

The brokerage has predicted that margins may improve from the fourth quarter due to smaller orders in the backlog.

About Larsen & Toubro Ltd Company 

Larsen & Toubro Limited is a 17 billion dollar engineering, technology construction, project manufacturing, as well as financial service conglomerate. 

This is an Indian multinational corporation that is involved in EPC Projects, Hi-Tech Manufacturing, and Services. 

Its headquarters are in Mumbai, Maharashtra. It was established in 1946 and is operating across fifty countries.

It’s located in more than fifty countries across the globe. It builds diverse facilities, designs solutions for onshore and offshore hydrocarbon projects, supplies power plants, constructs ships as well as other engineering tasks. 

Its integrated capabilities assist clients throughout the whole value chain from the initial design to the completion of a project. 

L&T has multiple international offices and an extensive supply chain all over the world, covering eight countries, in addition to India.

Fundamental Analysis of Larsen & Toubro Ltd 

Market Cap₹ 4,95,469 Cr.
Current Price₹ 3,608
52-wk High₹ 3,739
52-wk Low₹ 2,121
Stock P/E39.2
Book Value₹ 570
Dividend0.67 %
ROCE11.6 %
ROE11.7 %
Face Value₹ 2.00
P/B Value6.33
OPM13.6 %
EPS₹ 91.0
Debt₹ 1,22,109 Cr.
Debt to Equity1.56

Larsen & Toubro Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹3800₹4200
2025₹4300₹4458
2026₹4525₹4600
2027₹4700₹4900
2028₹5000₹5200
2029₹5380₹5400
2030₹5842₹6000
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Larsen & Toubro Ltd Shareholding Pattern

FII Holding
Dec 202223.29%
Mar 202324.48%
June 202325.29%
Sept 202325.72%
Dec 202325.50%
DII Holding
Dec 202239.76%
Mar 202338.64%
June 202338.01%
Sept 202337.16%
Dec 202337.34%
Govt. Holding
Dec 20220.23%
Mar 20230.23%
June 20230.23%
Sept 20230.23%
Dec 20230.23%
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Public Holding
Dec 202236.70%
Mar 202336.65%
June 202336.47%
Sept 202336.89%
Dec 202336.93%

Larsen & Toubro Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 135,220 Cr
2020₹ 145,452 Cr
2021₹ 135,979 Cr
2022₹ 156,521 Cr
2023₹ 212,369 Cr

Last 5 Years’ Net Profit:

2019₹ 10,217 Cr
2020₹ 10,894 Cr
2021₹ 12,921 Cr
2022₹ 10,419 Cr
2023₹ 14,993 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20192.02
20202.09
20211.73
20221.5
20231.33

Last 10 Years’ Profit Growth:

10 Years:8%
5 Years:3%
3 Years:2%
Current Year:26%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:14%
3 Years:14%
Last Year:12%

Sales Growth Over 10 Years:

10 Years:9%
5 Years:9%
3 Years:8%
Current Year:19%

Conclusion

This article is a complete guide about Larsen & Toubro Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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