{"id":13241,"date":"2018-02-28T12:40:42","date_gmt":"2018-02-28T07:10:42","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=13241"},"modified":"2018-02-28T12:40:42","modified_gmt":"2018-02-28T07:10:42","slug":"larsen-toubro-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/larsen-toubro-ltd\/13241","title":{"rendered":"Larsen &#038; Toubro Ltd."},"content":{"rendered":"<p>L&amp;T is an engineering &amp; construction (E&amp;C) conglomerate. Further, it has presence in IT &amp; financial services sectors.<\/p>\n<p><strong>Valuation:<\/strong> We project Sales\/PAT CAGR of 12.2\/17.5% over FY17-20E. Recovery in domestic business, strong order pipeline, sale of non-core assets, focus on improving RoE &amp; working capital and healthy execution of large order backlog will drive the stock going forward. Hence, we recommend \u2018BUY\u2019 rating on the stock with SOTP based TP of Rs. 1,515<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/02\/Research-Report-LT-Ltd.pdf\">Research Report &#8211; L&amp;T Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>L&amp;T is an engineering &amp; construction (E&amp;C) conglomerate. Further, it has presence in IT &amp; financial services sectors. Valuation: We project Sales\/PAT CAGR of 12.2\/17.5% over FY17-20E. Recovery in domestic business, strong order pipeline, sale of non-core assets, focus on improving RoE &amp; working capital and healthy execution of large order backlog will drive the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[537],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Larsen &amp; Toubro Ltd.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/larsen-toubro-ltd\/13241\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Larsen &amp; Toubro Ltd.\" \/>\n<meta property=\"og:description\" content=\"L&amp;T is an engineering &amp; construction (E&amp;C) conglomerate. Further, it has presence in IT &amp; financial services sectors. Valuation: We project Sales\/PAT CAGR of 12.2\/17.5% over FY17-20E. 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