“Win Contract for Water & Effluent Treatment Business”

The Water & Effluent Treatment business of L&T Construction (arm of Larsen & Toubro Ltd) has secured a repeat order from the Department of Water Resources (Government of Odisha) to execute a “Pressurized Underground Pipeline Irrigation Network System” for the Right Command of Lower Suktel Irrigation Project.

The project involves Survey, Design, Engineering, Supply, Laying, Installation, and Commissioning of MS, DI & HDPE pumping main & distribution network with all allied electromechanical & automation works.

The project envisages providing water to irrigate 27,000 Ha of Culturable Command Area (CCA) in the Balangir district of Odisha.

Larsen & Toubro Limited closed at INR 1959 (UP 0.26%) today on the NSE with a volume of 15,66,565 shares.

Also Read: Value Pick Stock (September 2022) Can Fin Homes Ltd

01 August 2017

Company Background –

History –

Larsen & Toubro Limited was incorporated in the year 1946 as a private limited company. Earlier, the company was established as a partnership firm founded by two Danish engineers Henning Holk Larsen with Soren Kristian Toubro in Mumbai. In December 1950, the company became a Public Company with a paid-up capital of Rs.2 million.

Business –

• Larsen & Toubro Limited (L&T) is a technology, engineering, construction, and manufacturing company. The company is one of the largest and most respected companies in IIndia’sprivate sector. The company operates in three segments (1) Engineering & Construction Segment, (2) Electrical & Electronics segment, (3) Machinery & Industrial Products and others.
• The company’s Engineering, Construction & Contracts Division (ECCD) undertakes engineering, design and construction of infrastructure, buildings, factories, water supply, and metallurgical & material handling projects covering civil, mechanical, electrical and instrumentation engineering disciplines.
• The company’s Engineering & Construction Division designs, engineering and executes projects for hydrocarbon sector with front-end design.
• The company’s heavy engineering division is organized into two independent companies: (1) Heavy Engineering Independent Company and (2) Ship Building Independent Company.
• The company’s Electrical & Electronics division comprises Electrical and Automation Independent Company and Medical Equipment and Systems business.

International Presence –

L&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its overseas manufacturing footprint, with facilities in China and the Gulf region. The companys businesses are supported by a wide marketing and distribution
network, and have established a reputation for strong customer support.

Awards & Recognition –

The company received a host of awards, medals and trophies for their continuous efforts.

• They received Environmental Excellence Gold award from Greentech Foundation during the years 2003-04 and 2004-05. Engineering Export Promotion Council (EEPC) offered a trophy for high exports.
• The Ministry of Power conferred the first prize in National Energy Conservation for the year 2005.
• During the year 2006-07, A Wall Street Journal survey featured L & T among Asias Most Admired Companies and ranked the company No.1 for the quality of products and for overall reputation.
• In 2015 L&T Won Golden Peacock Award for Risk Management, Award for Excellence in Power Project Execution from the Central Board and Good Corporate Citizen Award.

Listed On –

The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.

Stock Information –

Share Holding Pattern –

Larsen & Toubro Limited – Financials

Conclusion –

Considering the techno-funda analysis and sector outlook; Larsen & Toubro Limited looks good at Rs 1175. FinBlab recommends investing in a stock keeping a long-term view in mind.

Click here to see what other brokerage houses said about L&T.

Here is a snapshot of the previous value pick. Click Geecee Ventures, Sanghvi Movers, Swelect Energy, Glenmark Pharma to see the analysis.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post VALUE PICK AUGUST ’17: LARSEN & TOUBRO LIMITED, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q3FY19 include:

REVENUE IN INR

Revenue stood at Rs. 13,169 million for the quarter; growth of 4% QoQ and 35.9% YoY

REVENUE IN USD

Revenue at $185.7 million for the quarter; growth of 4.8% QoQ and 23% YoY

Revenue growth in constant currency at 4.6% QoQ and 25.2% YoY

PROFIT IN INR

EBITDA at Rs. 2,417 million for the quarter; EBITDA margin at 18.4%

Net Income at Rs. 1,856 million for the quarter, down by 2.8% QoQ and up by 47.0% YoY; Net margin at 14.1%

Order Deals

During the quarter, L&T Technology Services won 8 multi-million dollar deals across all industry segments.

On a YoY basis, the company has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10.

CEO & Managing Director Speaks –

“We have sustained the double-digit growth trajectory across all industry segments by building on our excellent positioning in digital & leading-edge technologies which has now risen to 34% of revenues. The strong growth achieved in the current year to-date gives us confidence of exiting FY19 with industry leading growth once again. On the operational front, our execution engine has been firmly focused on improving profitability along with growth. Our EBITDA margin has inched up consecutively for four quarters to 18.4% in Q3, which is an improvement of over 300 bps on YoY basis.

We continue to invest in building new capabilities and creating new labs to aid innovation. In Q3 we started a design lab for 5G where our engineers are working on new challenges and concepts. The platforms and proprietary solutions that we are developing in areas like Smart Campus, Autonomous Vehicles, NB-IoT, Digital Factory and Robotic Automation is helping LTTS to be at the forefront of the ER&D Services industry that is participating in transformational technology,”

L&T Technology Services Limited (LTTS) – a listed subsidiary of Larsen & Toubro Limited ( L&T ) focused on Engineering and R&D (ER&D) services.
LTTS’ expertise in engineering design, product development, smart manufacturing, and digitalization touches every area of our lives.

• History: L&T Technology Services Limited was incorporated as L&T Technology and Engineering Services Company Limited on June 14, 2012 at Mumbai as a public limited company.
• Business & Clients: The Company offers consultancy, design, development and testing services across the product and process development life cycle. Its customer base includes 52 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries.
• Employee Strength: Headquartered in India, LTTS has over 13,000 employees spread across 16 global design centres, 27 global sales offices and 42 innovation labs as of 30 June 2018.

Stock Price Movement

The stock ended 2.51% higher to INR 1693.40 when the market closed on Thursday! During the quarter ended 31 December 2018, the share prices of LTTS has made a low of INR 1366 and high of INR 1855

L&T Technology Services on Technical Charts

The stock price of L&T Technology Services is trading more than 14% higher when compared to its 200 EMA (1472) and marginally above when compared to its 50 EMA (1623)

Also Read –

Value Pick Stock of the Month – Vadilal Industries Limited

Motilal Oswal Financial Services Ltd: Q3FY 2018-19 Key Points

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post L&T Technology Services: Robust Growth in Q3 FY2018-19 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.