A significant player in the Indian corporate environment for many years is the global engineering, technology, construction, and manufacturing conglomerate known as Larsen and Toubro Limited (L&T). L&T is a favourite among investors due to its solid reputation, wide network, and broad company portfolio.
L&T is anticipated to experience tremendous growth over the next several years as a result of India’s continued push for infrastructural development and rising urbanisation. The company is well-positioned to take advantage of the openings in India’s infrastructure industry because of its emphasis on innovation and technology and its strong executional skills.
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L&T IN RECENT NEWS
- After securing an order for its hydrocarbon business, L&T’s shares soared to an all-time high.
L&T SHARE PRICE TARGET 2023
| L&T SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹2,364.40 | ₹1,818.77 |
| May 2023 | ₹1,970.33 | ₹1,515.64 |
| June 2023 | ₹2,364.40 | ₹1,818.77 |
| July 2023 | ₹2,837.28 | ₹2,182.52 |
| August 2023 | ₹3,121.01 | ₹2,400.78 |
| September 2023 | ₹3,277.06 | ₹2,520.81 |
| October 2023 | ₹3,121.01 | ₹2,400.78 |
| November 2023 | ₹3,433.11 | ₹2,640.85 |
| December 2023 | ₹3,845.08 | ₹2,957.76 |
The year is projected to begin strong with a maximum share price of ₹2,364.40 in April. However, there is a dip in May, with the maximum share price dropping to ₹1,970.33. The share price is expected to rebound in June, with the maximum share price returning to ₹2,364.40. July and August are predicted to be strong months for L&T’s share price, with the maximum share price reaching ₹2,837.28 and ₹3,121.01, respectively.
September is projected to maintain the trend, with the maximum share price reaching ₹3,277.06. October is expected to be similar to June, with the maximum share price returning to ₹2,364.40. November is predicted to see significant growth with the maximum share price hitting ₹3,433.11.
Finally, December 2023 is expected to be the best month for L&T’s share price, with the maximum share price hitting ₹3,845.08. The minimum share price target for 2023 ranges from ₹1,515.64 in May to ₹2,957.76 in December.
L&T SHARE PRICE TARGET 2024
| L&T SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹4,047.45 | 1037.03 |
| February 2024 | ₹4,547.70 | ₹3,789.75 |
| March 2024 | ₹4,787.05 | ₹3,891.91 |
| April 2024 | ₹4,351.87 | ₹3,347.59 |
| May 2024 | ₹3,626.56 | ₹2,789.66 |
| June 2024 | ₹4,351.87 | ₹3,347.59 |
| July 2024 | ₹3,699.09 | ₹2,867.51 |
| August 2024 | ₹4,069.00 | ₹3,229.36 |
| September 2024 | ₹4,272.45 | ₹3,286.50 |
| October 2024 | ₹5,026.41 | ₹3,866.47 |
| November 2024 | ₹5,277.73 | ₹4,059.79 |
| December 2024 | ₹5,383.28 | ₹4,140.99 |
In January, the maximum share price is projected to reach ₹4,047.45, with the minimum share price at ₹1,037.03. February 2024 is expected to be a strong month for the company, with the maximum share price hitting ₹4,547.70 and the minimum share price at ₹3,789.75.
In March 2024, the maximum share price is projected to reach ₹4,787.05, with the minimum share price at ₹3,891.91. April 2024 is projected to see a dip in the share price, with the maximum share price falling to ₹4,351.87 and the minimum share price at ₹3,347.59. In May 2024, the maximum share price is expected to be ₹3,626.56, with the minimum share price at ₹2,789.66. However, in June 2024, the share price is expected to rebound with the maximum share price returning to ₹4,351.87 and the minimum share price rising to ₹3,347.59.
The maximum share price for July 2024 is expected to be ₹3,699.09, with the minimum share price at ₹2,867.51. August 2024 is projected to be another strong month for L&T, with the maximum share price reaching ₹4,069.00 and the minimum share price at ₹3,229.36. In September 2024, the maximum share price is expected to hit ₹4,272.45, with the minimum share price at ₹3,286.50.
October 2024 is expected to be a particularly strong month for L&T’s share price, with the maximum share price reaching ₹5,026.41 and the minimum share price at ₹3,866.47. November 2024 is projected to see continued growth, with the maximum share price hitting ₹5,277.73 and the minimum share price at ₹4,059.79. The year is expected to end on a high note, with the maximum share price for December 2024 reaching ₹5,383.28 and the minimum share price at ₹4,140.99.
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L&T SHARE PRICE TARGET 2025
| L&T SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹5,490.95 | ₹4,223.81 |
| February 2025 | ₹5,779.95 | ₹4,446.11 |
| March 2025 | ₹6,068.94 | ₹4,668.42 |
| April 2025 | ₹5,418.70 | ₹4,168.23 |
| May 2025 | ₹4,926.09 | ₹3,789.30 |
| June 2025 | ₹5,418.70 | ₹4,168.23 |
| July 2025 | ₹5,160.67 | ₹3,969.74 |
| August 2025 | ₹5,375.69 | ₹4,135.15 |
| September 2025 | ₹5,644.48 | ₹4,341.91 |
| October 2025 | ₹5,983.15 | ₹4,602.42 |
| November 2025 | ₹6,401.97 | ₹4,924.59 |
| December 2025 | ₹6,530.01 | ₹5,023.08 |
The maximum share price target for the year is projected to be ₹6,530.01, which is expected to occur in December 2025. The minimum share price target for the year is ₹3,789.30, which is projected for May 2025. In January 2025, the maximum share price target is expected to reach ₹5,490.95, and the minimum share price target is expected to be ₹4,223.81.
In February 2025, the maximum share price target is expected to be ₹5,779.95, while the minimum share price target is expected to be ₹4,446.11. In March 2025, the maximum share price target is expected to reach ₹6,068.94, and the minimum share price target is expected to be ₹4,668.42.
The maximum share price target for October 2025 is projected to be ₹5,983.15, while the minimum share price target is expected to be ₹4,602.42. November 2025 is expected to see significant growth in L&T’s share price, with the maximum share price target hitting ₹6,401.97 and the minimum share price target rising to ₹4,924.59.
L&T SHARE PRICE TARGET 2026 TO 2030
| L&T SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹4,571.00 | ₹3,199.70 |
| 2027 | ₹3,885.35 | ₹2,719.75 |
| 2028 | ₹6,993.64 | ₹4,895.55 |
| 2029 | ₹14,366.01 | ₹10,056.21 |
| 2030 | ₹15,998.51 | ₹11,198.96 |
It is projected that the L&T share price target for 2026 would range between ₹4,571.00 to ₹3,199.70, with a maximum and minimum price of ₹4,571.00 and ₹3,199.70, respectively. Moving onto 2027, the share price target is expected to range between ₹3,885.35 to ₹2,719.75, with a maximum and minimum price of ₹3,885.35 and ₹2,719.75, respectively. In 2028, the share price target is predicted to rise significantly, ranging between ₹6,993.64 to ₹4,895.55, with a maximum and minimum price of ₹6,993.64 and ₹4,895.55, respectively.
For 2029, the share price target is projected to increase even further, ranging between ₹14,366.01 to ₹10,056.21, with a maximum and minimum price of ₹14,366.01 and ₹10,056.21, respectively. The year 2030 is expected to see a continued upward trend, with the share price target ranging between ₹15,998.51 to ₹11,198.96, with a maximum and minimum price of ₹15,998.51 and ₹11,198.96, respectively. It is important to note that these projections are based on historical data and various other factors may influence the actual share price in the future.
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FINANCIAL STRENGTH OF L&T (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Revenue | 1,58,788.31 | 1,39,408.38 | 1,47,813.26 | 1,37,056.82 | 1,21,095.19 |
| Total Revenue Growth (%) | 13.90 | -5.69 | 7.85 | 13.18 | 9.43 |
| Total Expenses | 1,44,377.58 | 1,27,172.58 | 1,34,382.31 | 1,23,616.23 | 1,09,579.03 |
| Total Expenses Growth (%) | 13.53 | -5.37 | 8.71 | 12.81 | 7.55 |
| Profit after Tax (PAT) | 8,669.33 | 11,582.93 | 9,549.03 | 8,905.13 | 7,369.86 |
| PAT Growth (%) | -25.15 | 21.30 | 7.23 | 20.83 | 21.99 |
| Operating Profit Margin (%) | 11.20 | 11.87 | 11.15 | 11.27 | 10.90 |
| Net Profit Margin (%) | 5.53 | 8.51 | 6.56 | 6.58 | 6.15 |
| Basic EPS (₹) | 61.71 | 82.49 | 68.04 | 63.51 | 52.62 |
According to L&T Financial Bank’s financial statement for the last five years, the company has shown consistent growth in revenue. The total revenue for FY 2022 was ₹1,58,788.31 crore, which is a growth of 13.90% from the previous year. The company’s total expenses also increased in the same proportion, indicating that the company is investing in its growth.
However, the profit after tax (PAT) for FY 2022 decreased by 25.15%, compared to the previous year. The PAT growth has been inconsistent in the last five years, with some years showing a significant increase, while others showing only marginal growth. The maximum PAT was ₹11,582.93 crore in FY 2021, while the minimum PAT was ₹7,369.86 crore in FY 2018.
The operating profit margin has remained consistent in the last five years, with a slight increase in FY 2021. The net profit margin, on the other hand, has been volatile, with a significant drop in FY 2020. The basic EPS has consistently increased, with the highest being ₹82.49 in FY 2021. Overall, L&T Financial Bank has shown a steady growth in revenue, with some fluctuations in profit growth. The company seems to be investing in its growth, as evidenced by the increase in total expenses.
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FAQ’s
What is the current market capitalization of L&T?
As of May 2023, the market capitalization of L&T is around ₹2.5 lakh crores.
What is L&T’s revenue growth rate over the past few years?
L&T’s revenue growth rate has been fluctuating over the past few years, ranging from -5.69% in FY 2021 to 13.90% in FY 2022.
What is L&T’s profit growth rate over the past few years?
L&T’s profit growth rate has also been fluctuating over the past few years, ranging from 7.23% in FY 2020 to 21.30% in FY 2021.
What is the net profit margin of L&T?
The net profit margin of L&T has been ranging from 5.53% in FY 2022 to 8.51% in FY 2021.
CONCLUSION: LARSEN & TOUBRO SHARE PRICE TARGET
Based on the rise in income, PAT, revenue, and profit over the previous five years, Larsen & Toubro seems to be a solid organisation with consistent financial results. Despite obstacles like the COVID-19 pandemic, the company has consistently increased its revenue and profit. Additionally, the company’s PAT has been rising over the past three years, showing a positive trend in the earnings of the business. The operating and net profit margins of the business have both stayed consistent throughout time.
Given these elements, investing in Larsen & Toubro stock may be a wise choice for those seeking potential long-term development. However, it is crucial to keep in mind that there is always some risk associated with investing in the stock market.
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