Buy Larsen & Toubro, target price Rs 2160: Emkay Global

Emkay Global has buy call on Larsen & Toubro with a target price of Rs 2160. The current market price of Larsen & Toubro is Rs 1577.35. Time period given by analyst is one year when Larsen & Toubro Ltd. price can reach defined target.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 222001.63 Crore) operating in Construction sector.

Larsen & Toubro Ltd. key Products/Revenue Segments include Income From Construction Work, Income from Manufacturing and Trading Activities, Other Operating Revenue, Other Services, Commission, Service (Engineering), Lease Rentals and Property Development for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 53366.26 Crore, up 32.97 % from last quarter Total Income of Rs 40134.31 Crore and up 8.65 % from last year same quarter Total Income of Rs 49116.16 Crore. Company reported net profit after tax of Rs 4006.66 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 22.42 per cent, DIIs 33.5 per cent.