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HomeSHARE MARKETConstruction Company Once Again Received New Order; Huge Share Rise After News

Construction Company Once Again Received New Order; Huge Share Rise After News

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Larsen & Toubro Ltd (NSE: LT):  Larsen & Toubro, a company engaged in work ranging from engineering to construction, has once again received a new order.

The company’s L&T Construction buildings and factories business has received several orders ranging from ₹2,500 crore to ₹5,000 crore. According to the company, orders in this category are considered big orders.

Under these orders, Larsen & Toubro will build a 165-bed Al-Nama General Hospital in the Middle East country Oman. They have received the order from Oman’s Government of Oman, which must be completed in 30 months.

In India, the company will construct its Maa Kamakhya Temple Corridor in Assam.

The company has got many types of works for this corridor, in which facilities like multi-utility buildings, and management blocks have to be constructed. The company has given this information in its exchange filing.

L&T Construction has also received an order from a paint manufacturer (subsidiary) to construct an industrial plant for polymers in Gujarat.

In this project, the company will do external development work including civil, structural, and architecture. Apart from this, the company has also received an order to set up a solar glass manufacturing plant in Gujarat itself.

Talking about Larsen & Toubro share, on Wednesday it was included in the list of bullish stocks of the Nifty 50 index.

Over the last six months, the stock has experienced an increase of more than 25 percent. Whereas, this stock has increased by more than 70% in one year.

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₹ 5,09,596 Cr.
Current Price₹ 3,704
52-wk High₹ 3,739
52-wk Low₹ 2,121
Stock P/E40.2
Book Value₹ 570
Dividend0.65 %
ROCE11.6 %
ROE11.7 %
Face Value₹ 2.00
P/B Value6.47
OPM13.6 %
EPS₹ 91.0
Debt₹ 1,22,109 Cr.
Debt to Equity1.56

Larsen & Toubro (LT) 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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