INSUBCONTINENT EXCLUSIVE:
Dolat Capital has maintained a buy rating and reduced target price on the capital goods and engineering major to Rs 1,200 from Rs 1,700
The stock ended down 16.3 per cent at Rs 723.70 on Monday while the BSE Sensex closed 3934.72 points down (-13.15 per cent) at
25,981.24.
Larsen - Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 101599.67 crore, operating in
Investment RationaleThe brokerage expects the domestic EPC business of L-T to decline 10 per cent due to delay in getting the new orders
and international business may decline by 25 per cent due to current issues in export markets
FinancialsLarsen - Toubro's key products/revenue segments include Income from Manufacturing and Trading Activities which contributed Rs
6238.01 crore to sales value (7.17 per cent of total sales); Other Operating Revenue which contributed Rs 1145.98 crore to sales value (1.31
per cent of total sales); Property Development which contributed Rs 642.08 crore to sales value (0.73 per cent of total sales); Commission
which contributed Rs 160.16 crore to sales value (0.18 per cent of total sales); Lease Rentals which contributed Rs 58.93 crore to sales
value (0.06 per cent of total sales) and Engineering which contributed Rs 10.06 crore to sales value (0.01 per cent of total sales)for the
year ending March 31, 2019
For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 36242.68 crore, up 2.59 per cent from last quarter
sales of Rs 35328.45 crore and up 1.49 per cent from last year same quarter sales of Rs 35708.87 crore
The company reported net profit after tax of Rs 2703.57 crore in the latest quarter.