The shares of this infrastructure company are in focus after the company announced that it has bagged an order worth upto Rs 2,500 crore through its Heavy Civil Infrastructure ARM.
With a market capitalization of Rs 5,06,545 crores, the shares of Larsen & Toubro Ltd are currently trading at Rs 3,683 per share, down by 7.60 percent from its 52-week high of Rs 3,963 per share. Over the past five years, the stock has delivered a robust return of 298 percent.
On Monday, the company, through a stock exchange filing, announced that the company’s Heavy Civil Infrastructure (HCI) business vertical has secured a significant order from JSW Energy worth upto Rs 2,500 crore for the execution of the Bhavali Pumped Storage Project (PSP) in the state of Maharashtra.
The project is strategically located across the Nashik and Thane districts of Maharashtra, with a total planned installed capacity of 1500 MW (TBC) with aggregate small generating units.
The scope of work is to provide complete execution of all civil works related to the project, including approach roads, upper and lower reservoirs, water conductor system, pressure tunnels, and an underground powerhouse unit. The project aims to support local power generation whilst developing sustainable hydro-based infrastructure.
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 33.26x as compared to its industry average of 23.46x.
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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