L&T shares Complete Fundamental Analysis

Description
Larsen & Toubro, commonly known as L&T is India's largest engineering and construction company with interests in Projects, Infrastructure development, Manufacturing, IT and Financial services. It is one of Asia's largest vertically integrated Engineering Procurement and Construction (EPC) company and also a market leader in turnkey projects. Some of their well-known projects include the Statue of Unity in Gujrat, Mumbai International Airport, Petronas Refinery in Malaysia, Twin Towers in Dubai and Stadium at Barbados.

The Model covers all the major fundamental aspects of L&T over the ten year period. The model is easy to edit and update for the future years as well. It includes:
1. Growth Ratios
2. Profitability Ratios
3. Cash Flow Ratios
4. Liquidity and Solvency Ratios
5. Efficiency Ratios
6. Valuation Ratios
7. ROE (Du Pont Analysis)
8. Common Size analysis
9. Enterprise Valuation
10. Financial Strength Analysis

Further Qualitative analysis is also done considering these factors and ratings have been assigned. The complete detailed analysis is in the word document along with the Excel model.

More about the Company:

The company operates in 9 business verticals and 8 major subsidiaries and joint ventures. The main business verticals include Building and factories, transportation and infrastructure, Civil Engineering, Power, Defence, Electrical and Automation. The subsidiaries are involved in some non-core businesses like IT services, Realty, Machinery, Financial services etc. The company had a combined order inflow of INR 1286 billion in the first three quarters of FY 2020. L&T is known to be the nation builder of India and has a large order book with the government. The company, therefore, stands to benefit in the long run from the increased government expenditure on construction and infrastructure projects. Overall the business model is diversified with a major portion of revenue coming from the core business activities.