LT.NS - Larsen & Toubro Limited

NSE - NSE Real Time Price. Currency in INR
1,275.95
-4.25 (-0.33%)
As of 9:34AM IST. Market open.
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Previous Close1,280.20
Open1,281.50
Bid1,276.50 x 0
Ask1,276.50 x 0
Day's Range1,275.30 - 1,282.00
52 Week Range1,245.00 - 1,607.00
Volume294,548
Avg. Volume3,428,551
Market Cap1.791T
Beta (5Y Monthly)0.35
PE Ratio (TTM)18.35
EPS (TTM)69.54
Earnings DateOct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield18.00 (1.39%)
Ex-Dividend DateJul 24, 2019
1y Target Est1,569.63
  • Does Larsen & Toubro's (NSE:LT) Share Price Gain of 45% Match Its Business Performance?
    Simply Wall St.

    Does Larsen & Toubro's (NSE:LT) Share Price Gain of 45% Match Its Business Performance?

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  • Is Larsen & Toubro Limited's (NSE:LT) 15% ROE Better Than Average?
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    Is Larsen & Toubro Limited's (NSE:LT) 15% ROE Better Than Average?

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  • Are Larsen & Toubro Limited’s (NSE:LT) Returns On Investment Worth Your While?
    Simply Wall St.

    Are Larsen & Toubro Limited’s (NSE:LT) Returns On Investment Worth Your While?

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  • Here's What Larsen & Toubro Limited's (NSE:LT) P/E Is Telling Us
    Simply Wall St.

    Here's What Larsen & Toubro Limited's (NSE:LT) P/E Is Telling Us

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  • Does Larsen & Toubro (NSE:LT) Deserve A Spot On Your Watchlist?
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    Does Larsen & Toubro (NSE:LT) Deserve A Spot On Your Watchlist?

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  • Body of India Coffee Tycoon Found as Letter Hints at Debt Woes
    Bloomberg

    Body of India Coffee Tycoon Found as Letter Hints at Debt Woes

    (Bloomberg) -- V. G. Siddhartha, the man who founded India’s biggest coffee chain more than a decade before Starbucks Corp. entered Asia’s third-largest economy, has died, police said.Siddhartha went missing on Monday after he went for a walk near a bridge close to the southern Indian city of Mangaluru. His body has been found, the city’s police commissioner Sandeep Patil said by phone on Wednesday. Patil didn’t elaborate.Coffee Day Enterprises Ltd., a company Siddhartha founded, on Tuesday released a letter purportedly written by him to the board about “succumbing to the situation” because of pressure from lenders, one of the private equity partners, and harassment by tax officials. Coffee Day’s external media representatives on Wednesday said they couldn’t immediately comment.The company’s shares plunged by the 20% limit in Mumbai. Siddhartha whose cafe network traces its roots to the IT hub of Bengaluru in 1996, didn’t return after telling his driver he was going for a walk on Monday.Siddhartha and other founders of Coffee Day pledged about 76% of their holdings as collateral, according to filings. The debt burden prompted him to start selling assets earlier this year. In April, he sold a 20% stake in software services firm Mindtree Ltd. to engineering giant Larsen & Toubro Ltd. He was seeking a valuation of as much as $1.45 billion from Coca-Cola Co. to sell a stake in Coffee Day, the Economic Times newspaper reported last month.“I gave it my all but today I gave up as I could not take any more pressure,” according to the letter dated July 27. The harassment by tax officials and pressure from lenders led to a “serious liquidity crunch.”The company is taking help from concerned authorities, and its leadership team will “ensure continuity of business,” Coffee Day said in an exchange filing on Tuesday.Shares of Sical Logistics Ltd., another company where Siddhartha’s family is a large investor, also plunged 20%. Sical had total debt of 11 billion rupees at the end of March, while loans at Coffee Day jumped 29% from a year earlier to 65.5 billion rupees, according to data compiled by Bloomberg.Coffee Day went public in 2015, nearly two decades after opening its first cafe in Bengaluru, selling shares at 328 rupees apiece. A unit of private equity firm KKR & Co. owns 6.07% of the company, while Nandan Nilekani, co-founder of Infosys Ltd., has a 2.69% stake.Coffee Day has about 1,700 outlets, 10 times more than Starbucks runs in the nation, according to the National Restaurant Association of India.“We are deeply saddened by the developments and our thoughts are with his family at this time,” KKR said in an email. The fund sold 4.25% of its holding of about 10.3% last February and haven’t sold any shares before or since, according to the email.Siddhartha, who began his career as an investment banker, had sleepless nights when Starbucks entered India, according to an article he wrote for the Outlook magazine in 2016.He had a “miserable moment” when Coffee Days stock tanked at its debut, giving him “quite an ego blow,” he wrote in the column.\--With assistance from P R Sanjai, Ari Altstedter, Ravil Shirodkar, Pradeep Kurup and Jeanette Rodrigues.To contact the reporters on this story: Anurag Kotoky in New Delhi at akotoky@bloomberg.net;Ameya Karve in Mumbai at akarve@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Arijit Ghosh, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Larsen & Toubro Limited (NSE:LT) Insiders Have Been Selling
    Simply Wall St.

    Larsen & Toubro Limited (NSE:LT) Insiders Have Been Selling

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  • Do Institutions Own Shares In Larsen & Toubro Limited (NSE:LT)?
    Simply Wall St.

    Do Institutions Own Shares In Larsen & Toubro Limited (NSE:LT)?

    If you want to know who really controls Larsen & Toubro Limited (NSE:LT), then you'll have to look at the makeup of...

  • How Does Larsen & Toubro Limited (NSE:LT) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Larsen & Toubro Limited (NSE:LT) Fare As A Dividend Stock?

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  • Are You An Income Investor? Don't Miss Out On Larsen & Toubro Limited (NSE:LT)
    Simply Wall St.

    Are You An Income Investor? Don't Miss Out On Larsen & Toubro Limited (NSE:LT)

    Could Larsen & Toubro Limited (NSE:LT) be an attractive dividend share to own for the long haul? Investors are often...

  • Simply Wall St.

    What Should We Expect From Larsen & Toubro Limited's (NSE:LT) Earnings In The Year Ahead?

    Since Larsen & Toubro Limited (NSE:LT) released its earnings in March 2019, analyst forecasts appear to be in-line...

  • What Do Analysts Think About The Future Of Larsen & Toubro Limited's (NSE:LT)?
    Simply Wall St.

    What Do Analysts Think About The Future Of Larsen & Toubro Limited's (NSE:LT)?

    In March 2019, Larsen & Toubro Limited (NSE:LT) announced its latest earnings update, which signalled that the company...

  • Larsen & Toubro Limited (NSE:LT): The Best Of Both Worlds
    Simply Wall St.

    Larsen & Toubro Limited (NSE:LT): The Best Of Both Worlds

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Larsen & Toubro raises Mindtree stake to 26 percent
    Reuters

    Larsen & Toubro raises Mindtree stake to 26 percent

    BENGALURU (Reuters) - Industrial conglomerate Larsen & Toubro Ltd bought an additional 2 percent stake in Mindtree Ltd, raising its total ownership to 26 percent, the IT services firm said on Thursday. ...

  • The Larsen & Toubro (NSE:LT) Share Price Is Up 58% And Shareholders Are Holding On
    Simply Wall St.

    The Larsen & Toubro (NSE:LT) Share Price Is Up 58% And Shareholders Are Holding On

    By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. Just take a look at Larsen & Toubro Limited (NSE:LT), which is...