LARSEN &

TOUBRO

PRESENTED BY-
DEEPAK 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 World’s Top Contractors and ranks 35th
among top global contractors and 60th among international
contractors.
• Currently it have 35,000 employe.
• At present it’s revenue US$ 8.50 billion and net income is
US$ 0.58 billion.
• On 1st April 2010 share price is Rs. 1,655.70.
• It’s turnover is exceeding Rs.13270 crores.
 REPORT CARD
Attribute 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) 2  

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
12,373.53 13,695.42 15,832.30 22,040.07 30,069.53
Expenses
Operating
811.66 957.50 1,746.54 2,814.63 3,856.84
Profit
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
Depreciation 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 378.70 73.66 49.53 74.34 59.44
Share
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
5,228.19 6,093.74 7,846.18 13,139.07 19,015.72
Liabilities

Net Block 1,017.01 1,318.46 1,753.47 2,946.44 4,153.61

Investments 960.70 1,919.52 3,104.44 6,922.26 8,263.72

Net Current
3,144.77 2,547.72 2,507.21 2,568.31 5,557.14
Assets

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 256.94 335.61 202.65 325.98 212.32

(Rs)
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
12,258.69 13,389.71 15,724.04 22,453.05 29,819.6
Expenses

Operating 1,017.86 1,284.00 2,043.01 3,239.23 4,142.02

Profit

Reported Net
983.85 1,012.14 1,403.02 2,173.42 3,481.66
Profit

Shares in
1,299.24 1,373.86 2,832.71 2,923.27 5,856.88
issue(lakhs)

Earning Per
75.72 73.67 49.53 74.35 59.45
Share (Rs)

Equity
1,375.00 1,100.00 650.00 850.00 525.00
Dividend (%)

Book Value
256.94 335.61 202.65 325.98 212.32
(Rs)
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 112.01 1369.25 2130.45 1945.24 1478.57
Activities

Net Cash from

Investing 236.28 -1326.30 -1588.17 -5241.89 -3308.53
Activities

Net Cash from

Financing 104.46 -287.77 -31.05 3166.68 1640.79
Activities

Net In Cash
and Cash 452.72 -244.82 511.23 -129.97 -189.17
Equivalents

Opening Cash
& Cash 375.27 828.02 583.20 1094.43 964.46
Equivalents

Closing Cash &

Cash 828.02 583.20 1094.43 964.46 775.29
Equivalents
 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
0.56 0.32 0.36 0.38 0.53
Ratio

Long Term
Debt Equity 0.39 0.25 0.25 0.28 0.44
Ratio
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