Rs 5,64,223 Crore Order Book: LIC-Backed Multibagger Civil Construction Stock Jumps 4.9% After Reporting Amazing Results

The stock is up by 13 per cent from its 52-week low and has given multibagger returns of 165 per cent in the last 5 years.

On Friday, the shares of Larsen and Toubro Ltd gained 4.9 per cent to Rs 3,588.85 per share from its previous closing of Rs 3,419.80 per share. The stock’s 52-week high is Rs 3,963 per share and its 52-week low is Rs 3,175.50 per share.

Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and defence. They also manufacture custom-designed machinery for these industries and even have a real estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.

According to Quarterly Results, the net sales increased by 17 per cent to Rs 64,668 crore and net profit increased by 14 per cent to Rs 3,359 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 18 per cent to Rs 1,81,343 crore and net profit increased by 10 per cent to Rs 9,540 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 20.6 per cent to Rs  2,21,113 crore and net profit increased by 23.33 per cent to Rs 15,570 crore in FY24 compared to FY23.

The company has a market cap of Rs 4.90 lakh crore and has been maintaining a healthy dividend payout of 34.6 per cent. Life Insurance Corporation of India (LIC) owns a 12.61 per cent stake in the company as of December 2024. The company has a robust order book valued at Rs 5,64,223 crore as of September 30, 2024. The stock is up by 13 per cent from its 52-week low and has given multibagger returns of 165 per cent in the last 5 years. Investors must keep this Large-Cap stock. 

Disclaimer: The article is for informational purposes only and not investment advice.