Larsen and Toubro bags business order worth Rs 2,046 cr

Larsen and Toubro (L&T) has bagged orders worth Rs.2,046 cr across the various business segments, the company said in a BSE filing.

L&T informed the media that its power transmission and distribution business had received order worth Rs.826 cr while its heavy civil infrastructure business vertical had secured a prestigious order worth Rs.675 cr.

Its building and factories business won a residential project worth Rs.434 cr too and its transport infrastructure secured Rs.111-cr business orders.

LT share price was trading 0.43 per cent higher at Rs.1,461.50 on the BSE. Currently, on the NSE, the scrip is trading 1.54 per cent lower at Rs.1433.45. The stock opened at Rs.1461.60 from a previous closing of Rs.1455.90.

Key Ratios of Larsen and Toubro:

Sl no.	Name	Ratio
1	Current Ratio (x)	1.82
2	Quick Ratio (x)	1.75
3	Dividend yield (%)	1.25
4	Interest Coverage ratio (x)	4.45
5	Debt equity ratio (x)	2.06
6	Return on Asset (%)	2.54
7	Return on Equity (%)	11.57

The above ratio suggests that the company is operating with a debt-equity ratio of 1.78. Venkys can meet up with the interest expenses pertaining to its debt obligations. The company has generated positive returns with shareholders fund.

The stock has an ADM or Average Daily Movement of 31.29. Its average volume of 20 days stands at 1375951. The market cap of India Glycols amounts to Rs. 135738.54 (Cr) while the book value stands at 471.68. 

Larsen and Toubro made its 52-week high of Rs.1615 on 27^th July 2016 while it made its 52-week low of Rs.1016.05 (12-Feb-16). The life time high of LT share price stands at Rs. 1893.80 (04-Mar-15) on the other hand, the life time low of the stock stands at Rs. 23.35 (20-Oct-98).

Segment-wise Composition of Gross Revenue:

• Infrastructure segment: 47.2 per cent in CY as against 47.0 per cent in PY
• Power segment: 6.6 per cent in CY as against 5.0 per cent in PY
• Metallurgical and Material Handling Segment: 2.7 per cent in CY as against 3.6 per cent in PY
• Heavy Engineering Segment: 3.1 per cent in CY as against 3.8 per cent in PY
• Electrical and Automation Segment: 5.1 per cent in CY as against 5.7 per cent in PY
• Hydrocarbon Segment: 8.3 per cent in CY as against 7.8 per cent in PY
• IT & Technology Services Segment: 8.5 per cent in CY as against 8.0 per cent in PY
• Financial Services Segment: 7.1 per cent in CY as against 6.7 per cent in PY
• Developmental Projects Segment: 4.8 per cent in CY as against 5.4 per cent in PY
• Other Segment: 6.7 per cent in CY as against 7.0 per cent in PY
• PBDIT before exceptional and extraordinary items at Rs. 135258 million in CY as against Rs. 123325 million – Increased by 9.7 per cent
• PAT including exceptional and extraordinary items ? 50905 million in CY as against Rs. 47648 million – Increased by 6.8 per cent
• Gross debt: Equity ratio of 2.30:1 (Previous year: 2.21:1)

Larsen and Toubro is a major technology, construction, engineering, manufacturing and financial services conglomerate, with global operations. LT addresses critical needs in key sectors - Infrastructure, Hydrocarbon, Power, Process Industries and Defence - for customers in over 30 countries around the world.

LT is engaged in core, high impact sectors of the economy and our integrated capabilities span the entire spectrum of ‘design to deliver’. With over 7 decades of a strong, customer focused approach and a continuous quest for world-class quality, we 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 LT'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. LT has several international offices and a supply chain that extends around the globe.

According to the Dynamic Levels analysts and researchers, Larsen and Toubro belongs to the top 500 shares group for this quarter. It is a good stock for investment and will give good returns as suggested by Dynamic Levels market experts and analysts. The stock has both strong fundamentals and financials. 

To get information on the fundamentals and financials of Larsen and Toubro and to acquire knowledge about its resistance and support levels, kindly visit to LT share price history.