Larsen toubro
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Transcript of Larsen toubro
PRESENTED BY-DEEPAK KHANDELWAL
LARSEN & TOUBRO
• 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.
COMPANY PROFILE
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
REPORT CARD
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
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 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
Investments 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(lakhs) 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 fromInvesting 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
Equivalents452.72 -244.82 511.23 -129.97 -189.17
Opening Cash & Cash
Equivalents375.27 828.02 583.20 1094.43 964.46
Closing Cash & Cash
Equivalents828.02 583.20 1094.43 964.46 775.29
2005 2006 2007 2008 2009
3369
46405768
9555
12459
NET WORTHSeries 1
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
Ratio0.39 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