LARSEN &

TOUBRO

PRESENTED BYDEEPAK KHANDELWAL

COMPANY PROFILE
Larsen & Toubro Limited (L&T) is a technology, engineering,
construction and manufacturing company.
It is one of the largest and most respected companies in India's
private sector.
The company was founded in Mumbai in 1938 by two Danish
engineers, Henning Holck-Larsen and Soren Kristian Toubro.
Certificate of commendation from Confederation of Indian
Industry, New Delhi for excellence in Human Resources
Development for the year 1986

COMPANY PROFILE
The Engineering Construction and Contracts Division of
L&T is among the Worlds Top Contractors and ranks 35th
among top global contractors and 60th among international
contractors.
Currently it have 35,000 employe.
At present its revenue US$ 8.50 billion and net income is
US$ 0.58 billion.
On 1st April 2010 share price is Rs. 1,655.70.
Its turnover is exceeding Rs.13270 crores.

Attribute

REPORT
CARD
Value

Date

PE ratio

27.75

01/04/10

EPS (Rs)

59.44

Mar, 09

Sales (Rs crore)

8,190.09

Dec, 09

Face Value (Rs)

Net profit margin (%)

10.06

Mar, 09

Last bonus

1:1

29/05/08

Last dividend (%)

525

28/05/09

Return on average
equity

27.99

Mar, 09

PROFITABILITY
SUSTAINABLE

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

Sales
Turnover

13,185.19

14,652.92

17,578.84

24,854.70

33,926.37

Other
Income

622.23

545.71

462.29

587.87

739.78

Total
Income

13,807.42

15,198.63

18,041.13

25,442.57

34,666.15

Total
Expenses

12,373.53

13,695.42

15,832.30

22,040.07

30,069.53

Operating
Profit

811.66

957.50

1,746.54

2,814.63

3,856.84

Gross
Profit

1,433.89

1,503.21

2,208.83

3,402.50

4,596.62

Interest

53.58

75.07

33.93

122.66

350.22

Depreciati
on

94.17

114.49

170.01

211.60

305.99

PBT

1,286.14

1,383.40

2,004.89

3,155.47

4,712.87

Tax

302.29

371.26

601.87

982.05

1,231.21

Net Profit

983.85

1,012.14

1,403.02

2,173.42

3,481.66

Earnings
Per Share

378.70

73.66

49.53

74.34

59.44

BALANCE SHEET

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

Networth

3,369.13

4,640.17

5,768.43

9,555.08

12,459.69

Total Debt

1,859.06

1,453.57

2,077.75

3,583.99

6,556.03

Total
Liabilities

5,228.19

6,093.74

7,846.18

13,139.07

19,015.72

Net Block

1,017.01

1,318.46

1,753.47

2,946.44

4,153.61

Investmen
ts

960.70

1,919.52

3,104.44

6,922.26

8,263.72

Net
Current
Assets

3,144.77

2,547.72

2,507.21

2,568.31

5,557.14

Total
Assets

5,228.19

6,093.74

7,846.18

13,139.07

19,015.72

Contingent
Liabilities

625.10

305.59

270.22

1,013.51

1,371.86

Book
Value (Rs)

256.94

335.61

202.65

325.98

212.32

PROFIT & LOSS

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

Net Sales

13,189.71

14,776.95

17,645.29

24,946.11

33,856.54

Total
Income

13,911.49

15,201.23

18,226.85

26,308.97

35,574.23

Total
Expenses

12,258.69

13,389.71

15,724.04

22,453.05

29,819.6

Operating
Profit

1,017.86

1,284.00

2,043.01

3,239.23

4,142.02

Reported
Net Profit

983.85

1,012.14

1,403.02

2,173.42

3,481.66

Shares in
issue(lakh
s)

1,299.24

1,373.86

2,832.71

2,923.27

5,856.88

Earning
Per Share
(Rs)

75.72

73.67

49.53

74.35

59.45

Equity
Dividend
(%)

1,375.00

1,100.00

650.00

850.00

525.00

Book
Value (Rs)

256.94

335.61

202.65

325.98

212.32

CASH FLOW
STATEMENT

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

Net Profit
Before Tax

1286.14

1383.40

2004.89

3155.47

3940.41

Net Cash
From
Operating
Activities

112.01

1369.25

2130.45

1945.24

1478.57

Net Cash
from
Investing
Activities

236.28

-1326.30

-1588.17

-5241.89

-3308.53

Net Cash
from
Financing
Activities

104.46

-287.77

-31.05

3166.68

1640.79

Net In Cash
and Cash
Equivalents

452.72

-244.82

511.23

-129.97

-189.17

Opening
Cash &
Cash
Equivalents

375.27

828.02

583.20

1094.43

964.46

828.02

583.20

1094.43

964.46

775.29

Closing
Cash &
Cash

NET WORTH
Series 1
12459

9555

5768
4640
3369

2005

2006

2007

2008

2009

LIQUIDITY
RATIO

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

Current
Ratio

1.34

1.28

1.16

1.09

1.22

Quick
Ratio

1.12

1.03

0.93

0.86

0.97

Debt
Equity
Ratio

0.56

0.32

0.36

0.38

0.53

Long Term
Debt
Equity
Ratio

0.39

0.25

0.25

0.28

0.44

DIVIDEND

Year

Month

Dividend (%)

2009

May

525

2008

May

750

2007

Jul

100

2007

May

100

2007

Mar

550

2006

May

1,100

2005

May

875

2004

Oct

500

2004

Jun

800

2003

May

75

2002

Jun

70

2001

May

65

2000

Mar

65

BONUS ANNOUNCEMENT

Year

Month

Ratio

2008

May

1:1

2006

Jun

1:1

1986

Aug

3:5

1982

Aug

3:4

1979

Aug

1:2

1973

Aug

8:25

1969

Aug

1:10

1965

Aug

1:7