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Melisew Shibabaw Et Al., International Journal of Research in Engineering, IT and Social Sciences, ISSN 2250-0588,I Monika Rani, International Journal of Research in Engineering, IT and Social Sciences, ISSN 2250-0588, Impact Factor: 6.452, Volume 06 Issue 08, August 2016, Page 52-55 A Study on Larsen and Toubro Monika Rani (D/o Ram Prasad, M.com, Net qualified, Qn. 67 police colony, Sadar Thana Bhiwani, Haryana, India) Abstract Larsen & Toubro Limited, also known as L&T is an Indian multi-national conglomerate. This paper attempt is made to highlight the financial result, Shareholding, Business of L&T. This paper is mainly concerned with the SWOT analysis of Larsen and Toubro. The capital structure of L&T shows the financial position of this company. L&T increase their debt in every year . Keyword- conglomerate, swot analysis. I. INTRODUCTION Larsen & Toubro Limited is an Indian multi-national conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by Danish engineers taking refuge in India, as well as an Indian financing partner. The company has business interests in engineering, construction, manufacturing goods, information technology, and financial services, and also has an office in the Middle-East and other parts of Asia. L&T is India's largest engineering and construction company. Described by NDTV in 2013 as a "bellwether of India's engineering & construction sector", L&T was recognised as the Company of the Year in Economic Times 2010 awards. Research Design This study is based on secondary data. The data collected from various sites. Objectives 1) To know the financial position of L&T. 2) To swot analysis of L&T. Type Public Traded at NSE:LT BSE:500510 Industry Conglomerate Founded Mumbai, Maharashtra, India(1938) Founder Soren kristian Toubro Henning holck-larsen Headquarters L&T House, Ballard estate, Mumbai, Maharashtra Area served India, middle-East, East Asia and South-east Asia Key people S N Subrahmanyan (president) A M Naik (executive chairman) Products Real Estate (Realty) Construction Heavy equipment Electrical equipment Power Financial services IT services Total assets 128159 crore (US$19 billion) (2015) Number of employees 84027 (mar 2014) Divisions Real estate , technology, engineering, construction, manufacturing Subsidiaries L&T Infotech , L&T Mutual fund Slogan It’s all about Imagineering Website www.larsentoubro.com http://indusedu.org Page 52 This work is licensed under a Creative Commons Attribution 4.0 International License Monika Rani, International Journal of Research in Engineering, IT and Social Sciences, ISSN 2250-0588, Impact Factor: 6.452, Volume 06 Issue 08, August 2016, Page 52-55 LARSEN & TOUBRO LTD - FINANCIAL RESULTS: PARTICULARS DEC 2015 (cr) DEC 2014 (cr) % CHG Net sale 25829.26 23847.86 8.31 Other income 451.68 236.73 90.8 Total income 26280.94 24084.59 9.12 Total expenses 23179.37 20962.05 10.58 Operating profit 3101.57 3122.54 -0.67 Net profit 1181.64 955.91 23.61 Equity capital 185.91 185.38 - Listing and shareholding The equity shares of the company are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company’s shares constitute a part of BSE 30 Index of the BSE Limited as well as NIFTY Index of the NSE. Its global depository receipts (GDR) are listed on the Luxembourg Stock Exchange and London Stock Exchange. As on 31 March 2013, financial institutions held around 30.5% equity shares in L&T. Over 8.5 lakh individual shareholders hold approx 24% of its shares. Foreign Institutional Investors held approx 16.6% shares. Others held approx 29% of the shares. Life Insurance Corporation of India is the largest shareholder in the company with 16.45% shareholding. Shareholders (as on 31 March 2015) Shareholding Financial Institutions 30.54% General Public 24.05% Foreign Institutional Investors 16.58% (FII) L&T Employees Welfare 12.09% Foundation Bodies Corporate 07.17% Mutual Funds 05.56% GDRs 03.58% Directors & Relatives 00.43% Total 100.0% http://indusedu.org Page 53 This work is licensed under a Creative Commons Attribution 4.0 International License Monika Rani, International Journal of Research in Engineering, IT and Social Sciences, ISSN 2250-0588, Impact Factor: 6.452, Volume 06 Issue 08, August 2016, Page 52-55 BUSINESS OF LARSON AND TOUBRO:- LARSEN & TOUBRO LTD. Engineering & Electrical & Machinery & electronics Industrial Products Construction Construc - Heavy Industrial Electrical & Industry Machinery ion Automation & Products Building & Heavy Construction Factories Equipment & & Systems Mining Equipment Infrastructure Railway Projects SWOT Analysis Strengths of L&T: Diversified business Strong management Strong financial position A big player in the power sector Over 45,000 employees form a part of its workforce Weaknesses of L&T: Decreasing order book value from oil and gas sector Rising interest cost Opportunities of L&T: To strength the international presence Favourable tax exemption Huge investment expected in infrastructure sector Nuclear power is a huge opportunity Threats of L&T: Increase in raw material cost http://indusedu.org Page 54 This work is licensed under a Creative Commons Attribution 4.0 International License Monika Rani, International Journal of Research in Engineering, IT and Social Sciences, ISSN 2250-0588, Impact Factor: 6.452, Volume 06 Issue 08, August 2016, Page 52-55 Political situation in the middle east Political instability Technology risk Rise in cost of construction may affect margins - The rise in crude prices, will increase the cost of transportation. Competitors: 1. ABB Ltd 2. Bechtel 3. Hindalco 4. Sundaram Fasteners 5. Gammon India 6. Lanco Infratec Capital structure –Larsen & Toubro Ltd:- (Rs crore) Year Equity Preference Secured loan Unsecured loan 2011 121.77 - 1063.04 5268.54 2012 122.48 - 1453.34 6813.44 2013 123.08 - 1234.01 6771.55 2014 185.38 - 1307.23 8046.95 2015 185.91 - 664.04 11635.64 Industry insights 1) High growth sectors include Power, Hydrocarbons and Steel. 2) L&T is attractively positioned in many of these segments. In the infrastructure segment, metro rails and DFCC are major growth drivers. Road project orders by NHAI have slowed down, but there are some prospective orders in the Airports segment. Urban Infra is showing healthy traction driven by investment in hospitals and water treatment. II. CONCLUSION L&T being the largest company in the Engineering/Construction/Infrastructure sector has a big role to play in the coming years as India plans to do up its Infrastructure drastically, to make sure that its economy of India has grow. Future of Larson and Toubro: In the field of nuclear power, the government of India plans awarding 100,000 cr. Of projects in the next 5 years. L&T has signed agreements with major nuclear equipment manufacturers. In the long run, the company is planning to develop its own nuclear power plants. After the success of the Delhi Metro, similar projects are being planned in major Indian cities. L&T has already bagged the Mumbai mono rail project and is the leader for the Ahmadabad old city mono rail project. It also has the Hyderabad metro rail project in its bag. L&T also has plans to open its own bank in The near future. The target is to increase the share of international business to 25% by 2016 from 15% currently. L&T Infotech, a subsidiary of L&T plans to come out with a IPO soon. It has set itself a target to double its revenues in the next 3-4 years. III. REFERENCES [1] http://www.investopedia.com/terms/c/capitalstructure.asp [2] https://en.m.wikipedia.org/wiki/capital-structure [3] http://journal.fsv.cuni.cz/storage/958_s_2-21.pdf [4] https://en.m.wikipedia.org/wiki/Larsen-%26-Toubro [5] www.larsentoubro.com [6] http://www.mbaskool.com/brandguide/conglomerates/7954-larsen-a-toubro.html [7] http://economictimes.indiatimes.com/larsen-&-toubro-ltd/capitalstructure/companyid-13447.cms [8] http://www.moneycontrol.com/financials/larsentoubro/capital-structure/LT http://indusedu.org Page 55 This work is licensed under a Creative Commons Attribution 4.0 International License .
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