Rs 5,64,223 Crore Order Book: Large-cap Engineering Giant Secures Landmark Project in Hyderabad and Chennai!
With a PE ratio of 33.9, the company trades at a premium compared to the industry PE of 32.1. The company has ROCE of 13.4 per cent and ROE of 14.7 per cent.
Larsen & Toubro Ltd's Buildings & Factories vertical has secured a significant order from the Brigade Group to construct residential and commercial towers in Hyderabad and Chennai. This order marks the largest residential project the business has received from a private customer. The project includes Brigade Gateway Residences and Brigade World Trade Centre in Hyderabad, featuring some of the tallest buildings in the city.
Additionally, Brigade Altius and Brigade Morgan Heights in Chennai will be developed to showcase luxury towers and prestigious developments. These projects will be executed on a design-and-build basis, adhering to stringent timelines. With a robust order book of approximately Rs 5,64,223 crore, Larsen & Toubro continues to demonstrate its leadership in the engineering and construction sector. The company's strong customer-focused approach and commitment to quality have enabled it to maintain its leadership position for eight decades. Larsen & Toubro's diverse business segments, including infrastructure, hydrocarbon, power, and defense, contribute to its extensive market reach and influence.
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On Friday, shares of Larsen & Toubro jumped over 2 per cent to Rs 3,417 per share from its previous closing. The stock's 52-week high is Rs 3947.8, and the 52-week low is Rs 3164.75.
Larsen & Toubro Ltd is a leading multinational conglomerate specializing in engineering, procurement, and construction solutions across various sectors, including infrastructure, hydrocarbon, power, and defense. The company generates 51 per cent of its revenue from the infrastructure segment, which encompasses a wide range of engineering and construction projects. With a strong presence in both domestic and international markets, L&T's strategic priorities include maintaining its leadership position and expanding its market reach. The company has a record-high order book of approximately Rs 4 trillion, with significant order inflow growth in FY23. L&T's diverse business portfolio, including IT and financial services, further strengthens its market positioning. Recent initiatives such as the launch of L&T EduTech and L&T SuFin highlight the company's focus on innovation and expansion into new business areas.
As per the filing the large order accounts for the work order worth Rs 2,500 crore to Rs 5,000 crore
Larsen & Toubro has a market capitalisation of Rs 4,70,205 crores. The stock has delivered a 1-year return of -4.64 per cent and a 3-year return of 90.69 per cent.
With a PE ratio of 33.9, the company trades at a premium compared to the industry PE of 32.1. The company has ROCE of 13.4 per cent and ROE of 14.7 per cent.
Investors must keep this Large-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.