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How to buy L&T (LT) shares
Learn how to easily invest in L&T shares.
Larsen & Toubro Limited is an engineering & construction business based in India. L&T shares (LT) are listed on the NSE and all prices are listed in Indian Rupee. L&T employs 49,921 staff and has a trailing 12-month revenue of around INR1.8 trillion.
How to buy shares in L&T from India
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for L&T. Find the stock by name or ticker symbol: LT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until L&T reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of INRINR2206.65, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of L&T, depending on your broker.
- Check in on your investment. Congratulations, you own a part of L&T. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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Is it a good time to buy L&T stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
L&T shares at a glance
|Latest market close||INR2,206.65|
|52-week range||INR1,437.94 - INR2,297.65|
|50-day moving average||INR2,165.26|
|200-day moving average||INR1,957.15|
|Wall St. target price||INR2,396.15|
|Dividend yield||INR0 (1%)|
|Earnings per share (TTM)||INR71.29|
L&T stock price (NSE:LT)Use our graph to track the performance of LT stocks over time.
L&T price performance over time
Historical closes compared with the close of INR2206.65 from 2023-03-23
|1 week (2023-03-16)||1.52%|
|1 month (2023-02-24)||3.40%|
|3 months (2022-12-23)||6.98%|
|6 months (2022-09-23)||18.84%|
|1 year (2022-03-24)||24.56%|
|2 years (2021-03-24)||61.17%|
|3 years (2020-03-24)||211.72%|
|5 years (2018-03-23)||74.04%|
Is L&T stock undervalued or overvalued?
Valuing L&T stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of L&T's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
L&T's P/E ratio
L&T's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, L&T shares trade at around 31x recent earnings.
L&T's EBITDA (earnings before interest, taxes, depreciation and amortisation) is INR223 billion.
The EBITDA is a measure of a L&T's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||INR1,805.2 billion|
|Operating margin TTM||10.93%|
|Gross profit TTM||INR584.5 billion|
|Return on assets TTM||3.81%|
|Return on equity TTM||12.66%|
|Market capitalisation||INR3.1 trillion|
TTM: trailing 12 months
L&T's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like L&T.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
L&T's total ESG risk score
Total ESG risk: 39.16
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and L&T's overall score of 39.16 (as at 01/01/2019) is pretty weak – landing it in it in the 75th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like L&T is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
L&T's environmental score
Environmental score: 9.29/100
L&T's environmental score of 9.29 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that L&T is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
L&T's social score
Social score: 22.21/100
L&T's social score of 22.21 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that L&T is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
L&T's governance score
Governance score: 20.17/100
L&T's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that L&T is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
L&T's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. L&T scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that L&T has, for the most part, managed to keep its nose clean.
L&T share dividends
Dividend payout ratio: 32.99% of net profits
Recently L&T has paid out, on average, around 32.99% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), L&T shareholders could enjoy a 1% return on their shares, in the form of dividend payments. In L&T's case, that would currently equate to about INR0 per share.
While L&T's payout ratio might seem fairly standard, it's worth remembering that L&T may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 21 July 2022 (the "ex-dividend date").
Have L&T's shares ever split?
L&T's shares were split on a 3:2 basis on 13 July 2017. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your L&T shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for L&T shares which in turn could have impacted L&T's share price.
L&T share price volatility
Over the last 12 months, L&T's shares have ranged in value from as little as INR1437.9354 up to INR2297.65. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NSE average) beta is 1, while L&T's is 0.5701. This would suggest that L&T's shares are less volatile than average (for this exchange).
Larsen & Toubro Limited engages in engineering, construction, and manufacturing operations worldwide. The Infrastructure segment engineers and constructs building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and metallurgical and material handling systems. The Hydrocarbon segment provides engineering, procurement, and construction solutions for the oil and gas industry. The Power segment offers turnkey solutions for coal-based and gas-based thermal power plants, including power generation equipment with associated systems and balance-of-plant packages. The Heavy Engineering segment manufactures and supplies custom designed, engineered critical equipment and systems to the fertilizer, refinery, petrochemical, chemical, oil and gas, and thermal and nuclear power industries. The Defence Engineering segment designs, develops, produces, and supports equipment, systems, and platforms for the defense and aerospace sectors. This segment also designs, constructs, and repairs/refits defense vessels.
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