The shares of this leading EPC contract provider are in focus after its Power Transmission & Distribution division bagged a significant major contract worth upto Rs 10,000 crores. In this article, we will discuss more on the details of the order.
With a market capitalization of Rs 5,07,363 crores, the shares of Larsen & Toubro Ltd are currently trading at Rs 3,689 per share, down by 7 percent from its 52-week high of Rs 3,963.50 per share. Over the past five years, the stock has delivered a return of 298 percent.
Larsen & Toubro’s Power Transmission & Distribution (PT&D) has won major grid infrastructure orders domestically and internationally. In India, L&T will implement 765kV and 400kV transmission line projects for the integration of a Renewable Energy Zone in Andhra Pradesh – a key Project for the evacuation of clean energy.
In International markets, L&T has secured turnkey orders for the construction of 220kV and 132kV gas-insulated substations in the Middle East from key transmission asset owners.
These orders are a positive indication of the growth and presence of L&T in the Global Power Infrastructure markets. As of March 31, 2025, the company has an order book of Rs 5,79,100 crore.
Financial Highlights
The company reported a revenue of Rs 2,55,734 crores in FY25, up by 15.65 percent from its FY24 revenue of Rs 2,21,113 crores. Coming to its profitability, it reported a net profit growth of 13.67 percent to Rs 17,673 crores in FY25 from Rs 15,547 crores in FY24.
The stock has delivered an ROE and ROCE of 16.55 percent and 14.49 percent respectively, and is currently trading at a P/E of 33.35x as compared to its industry average of 23.97x.
Larsen & Toubro Limited (L&T) is a global engineering, construction, and manufacturing company. Its key segments include infrastructure projects, energy projects, and high-tech manufacturing. L&T also provides IT and technology services, financial services, and infrastructure development, along with manufacturing industrial equipment.
Written by Satyajeet Mukherjee
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