Market Information :

 Products & services offered by L&T in the industry :

 Construction :
1. Buildings & Factories
2. Transportation Infrastructure
3. Heavy Civil Infrastructure
4. Water & Effluent Treatment
5. Renewable Energy
6. Power Transmission & Distribution
7. Smart World & Communication
 Construction & Mining Machinery :
1. Construction & Mining Equipment
 Defence :
1. Naval Platforms & Systems
2. Land Systems
3. Missiles & Aerospace
4. C4ISR
5. Radars, Telemetry & Tracking
6. Specialized Defence Infrastructure
 Heavy Engineering :
1. Process Plant
2. Nuclear Power Plant
3. Critical Piping
 Competitors of L&T Constructions :
 The top 10 competitors in L&T Construction's competitive set are SPCL, L&T,
Afcons, Gammon India, GKR Engineering, Calorie Hnt, Ahluwalia Law Group, JMC
Projects, L&T Hydrocarbon Engineering, Reliance Infrastructure. Together they have
raised over 4.0B between their estimated 274.5K employees. L&T Construction has
3 employees and is ranked 18th among it's top 10 competitors. The top 10
competitors average 14,440.
1. SPCL : SPCL is the top competitor of L&T Construction. SPCL is a Private
company that was founded in Mumbai, Maharashtra in 1865. SPCL operates
in the Homebuilding industry. SPCL has 59,997 more employees vs. L&T
Construction.
2. L&T : L&T is seen as one of L&T Construction's biggest rivals. L&T was
founded in Mumbai, Maharashtra} in 1938. Like L&T Construction, L&T also
operates in the Construction Materials sector. Compared to L&T
Construction, L&T generates $9.2B more revenue.
 3. Afcons : Afcons is perceived as one of L&T Construction's biggest rivals.
Afcons was founded in 1959, and is headquartered in Mumbai,
Maharashtra. Like L&T Construction, Afcons also competes in the
Construction Materials space. Afcons generates $1.1B more revenue vs. L&T
Construction.

 Company Information :
Larsen & Toubro Limited, commonly known as L&T, is an Indian technology,
engineering, construction, manufacturing and financial services conglomerate, with
global operations, headquartered in Mumbai, Maharashtra, India. It was founded by
two Danish engineers taking refuge in India. The company has business interests in basic
and heavy engineering, construction, realty, manufacturing of capital goods,
information technology, and financial services. As of 31 March 2019, L&T Group
comprises 118 subsidiaries, 6 associates, 25 joint-venture and 35 joint operations
companies.
Larsen & Toubro Ltd. was incorporated in the year 1946. Its today's share price is
1147.75. Its current market capitalization stands at Rs 159376.11 Cr. In the latest
quarter, company has reported Gross Sales of Rs. 1510193.5 Cr and Total Income of
Rs.1559804.6 Cr. The company's management includes T Madhava Das, S V Desai,
Hemant Bhargava, Narayanan Kumar, Sanjeev Aga, Naina Lal Kidwai, Subramanian
Sarma, Sunita Sharma, Adil Zainulbhai, Vikram Singh Mehta, M Damodaran, Subodh
Bhargava, M M Chitale, Jayant Damodar Patil, MV Satish, D K Sen, R Shankar Raman, S N
Subrahmanyan, AM Naik. It is listed on the BSE with a BSE Code of 500510 , NSE with an
NSE Symbol of LT and ISIN of INE018A01030. It's Registered office is at L & T
House,Ballard Estate, Mumbai-400001, Maharashtra. Their Registrars are ACC Ltd. It's
auditors are Deloitte Haskins & Sells LLP, Sharp & Tannan
Functional Structure of L&T :

Three key products/services which L&T is engaged in are: Construction and project-related
activity; manufacturing and trading activity; and engineering services. For administrative
purposes, L&T has been structured into five broad categories:

 Construction – this covers Buildings & Factories, Heavy Civil Infrastructure,

Transportation Infrastructure, Power Transmission & Distribution, Water & Effluent
Treatment, Metallurgical & Material Handling and Smart World & Communication; EPC
 Projects – this includes Hydrocarbon Engineering, Power and Power Development;
 Manufacturing – this includes Defence Equipment & Systems, Heavy Engineering,
Construction, Mining & Industrial Machinery, Industrial Valves and Electrical &
Automation Systems;
 Services – this includes Realty, Information Technology, Technology Services and
Financial Services.
 Others – this includes Hyderabad Metro, Infrastructure Development Projects and
corporate functions.
Past 5years Financial Performance of L&T :
Ratio Analysis :
Ratio Larsen & Ircon KEC Reliance GMR
Analysis Turbo International International Infrastructure Infrastructure
Market 159,376.1 3,917.25 8,842.55 514.15 15,150.22
capital (in 1
cr.)
Current 1.26 1.15 1.14 1.85 1.57
ratio
Quick ratio 1.22 1.09 1.08 1.85 1.55
Inventory 29.74 16.22 17.53 320.02 11.73
turnover
ratio
Asset 58.19 41.14 86.39 5.07 4.75
turnover
ratio (%)
Debt 2.13 0.44 0.69 0.40 0.59
Equity
Net profit 7.44 9.41 5.21 87.56 -128.05
margin
(%)
Return on 3.09 3.87 4.50 4.44 -6.09
assets (%)
Retention 58.84 53.38 71.30 0.00 0.00
ratio (%)
Strategies being pursued by L&T for future growth :

At L&T Learning & Development is a strategic business function contributing significantly to

organizational, group and individual effectiveness & growth by fostering a strong learning
culture.

L&T focus on the following thrust areas:

 Deliver results and impact organizational performance

 Constantly scan the rapidly changing environment and equip employees at all times with
the required knowledge, skills and qualities
 Leadership development
 Develop corporate citizens
 Deliver a global MNC and global leaders
 Focus on action-oriented training
 Synergies & optimize efforts - avoiding overlap and duplication and build a uniform
curriculum.

A culture of continuous learning and development exists through structured core

developmental programmes, conducted by reputed institutions for employees to develop
superior management skills and capabilities. A host of strategic and behavioral programs are
also conducted to address specific training and developmental needs of employees.