Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Compare L&T with BHEL - Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

L&T vs BHEL - Comparison Results

L&T    Change

Larsen & Toubro (L&T) is India's largest engineering company with expertise in wide areas like infrastructure, oil and gas, power and process. The company has broadly segregated its business into three key segments Engineering and Construction (E&C),... More


Bharat Heavy Electricals Limited (BHEL) is India's largest PSU engineering company catering to the power sector. The company has a 25-year history of consistent profitability and manufactures over 180 products for industries like power generation and... More


Current Valuations

    L&T BHEL L&T/
P/E (TTM) x 21.9 31.4 69.6% View Chart
P/BV x 3.3 0.9 388.6% View Chart
Dividend Yield % 1.2 1.1 114.1%  


5-Yr Chart
Click to enlarge
High Rs1,834172 1,066.3%   
Low Rs1,115112 992.5%   
Sales per share (Unadj.) Rs854.0120.6 708.4%  
Earnings per share (Unadj.) Rs57.11.9 3,071.4%  
Cash flow per share (Unadj.) Rs70.95.3 1,329.5%  
Dividends per share (Unadj.) Rs16.000.80 2,000.0%  
Dividend yield (eoy) %1.10.6 192.8%  
Book value per share (Unadj.) Rs397.2132.3 300.1%  
Shares outstanding (eoy) m1,401.372,447.60 57.3%   
Bonus/Rights/Conversions ESOP--  
Price / Sales ratio x1.71.2 146.4%   
Avg P/E ratio x25.876.4 33.8%  
P/CF ratio (eoy) x20.826.7 78.0%  
Price / Book Value ratio x3.71.1 345.6%  
Dividend payout %28.043.0 65.1%   
Avg Mkt Cap Rs m2,066,040347,926 593.8%   
No. of employees `00042.940.3 106.5%   
Total wages/salary Rs m152,9258,498 1,799.6%   
Avg. sales/employee Rs Th27,882.67,319.0 381.0%   
Avg. wages/employee Rs Th3,562.7210.8 1,690.2%   
Avg. net profit/employee Rs Th1,864.8112.9 1,651.6%   
Net Sales Rs m1,196,832295,066 405.6%  
Other income Rs m14,1209,834 143.6%   
Total revenues Rs m1,210,952304,899 397.2%   
Gross profit Rs m135,7148,269 1,641.3%  
Depreciation Rs m19,2878,498 227.0%   
Interest Rs m15,3853,513 438.0%   
Profit before tax Rs m115,1626,091 1,890.6%   
Minority Interest Rs m-4,359-236 1,850.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m1,2300-   
Tax Rs m31,9891,304 2,453.3%   
Profit after tax Rs m80,0444,552 1,758.5%  
Gross profit margin %11.32.8 404.6%  
Effective tax rate %27.821.4 129.8%   
Net profit margin %6.71.5 433.5%  
Current assets Rs m833,532429,040 194.3%   
Current liabilities Rs m772,533201,426 383.5%   
Net working cap to sales %5.177.1 6.6%  
Current ratio x1.12.1 50.7%  
Inventory Days Days1591 16.2%  
Debtors Days Days106273 38.7%  
Net fixed assets Rs m320,23637,695 849.5%   
Share capital Rs m2,8034,895 57.3%   
"Free" reserves Rs m553,767318,995 173.6%   
Net worth Rs m556,570323,890 171.8%   
Long term debt Rs m729,148896 81,423.5%   
Total assets Rs m2,450,534613,475 399.5%  
Interest coverage x8.52.7 310.4%   
Debt to equity ratio x1.30 47,383.5%  
Sales to assets ratio x0.50.5 101.5%   
Return on assets %3.91.3 296.2%  
Return on equity %14.41.4 1,023.4%  
Return on capital %9.92.9 343.6%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m176,99333,350 530.7%   
Fx outflow Rs m152,77924,900 613.6%   
Net fx Rs m24,2148,450 286.6%   
From Operations Rs m-100,3105,361 -1,871.2%  
From Investments Rs m39,145-3,376 -1,159.4%  
From Financial Activity Rs m93,7054,674 2,005.0%  
Net Cashflow Rs m32,5396,658 488.7%  

Share Holding

Indian Promoters % 0.0 63.1 -  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 36.5 16.6 219.6%  
FIIs % 19.6 15.9 123.3%  
ADR/GDR % 2.3 0.0 -  
Free float % 41.5 4.4 943.2%  
Shareholders   802,712 390,318 205.7%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster


Compare L&T With:   DONGFANG ELEC. (China)  ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  ABB (Switz.)  

Today's Market

Indian Indices Trade Flat; Energy and Power Stocks Witness Buying(12:30 pm)

Share markets in India are presently trading near the dotted line. Sectoral indices are trading on a mixed note with stocks in the energy sector and power sector.

Related Views on News

L&T 2017-18 Annual Report Analysis (Annual Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

Here's an analysis of the annual report of L&T for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

L&T Announces Quarterly Results (1QFY19); Net Profit Up 13.8% (Quarterly Result Update)

Jul 27, 2018 | Updated on Jul 27, 2018

For the quarter ended June 2018, L&T has posted a net profit of Rs 12 bn (up 13.8% YoY). Sales on the other hand came in at Rs 283 bn (up 17.9% YoY). Read on for a complete analysis of L&T's quarterly results.

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

Amber Enterprises India Ltd. (IPO)

Jan 16, 2018

Should you subscribe to the IPO of Amber Enterprises India Ltd?

BHEL Announces Quarterly Results (1QFY19); Net Profit Up 92.5% (Quarterly Result Update)

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, BHEL has posted a net profit of Rs 2 bn (up 92.5% YoY). Sales on the other hand came in at Rs 59 bn (up 3.5% YoY). Read on for a complete analysis of BHEL's quarterly results.

More Views on News

Most Popular

This is a Must-Have Stock for Your Portfolio(The 5 Minute Wrapup)

Aug 8, 2018

Tanushree just released the permanent wealth blueprint report. This report includes three safe and steady stocks. I like one in particular. Here's why

Trading in These Times: 8% Gains in 3 Days!(Profit Hunter)

Aug 9, 2018

Here are 2 stocks you can buy right now! And there are plenty more opportunities to come...

Only on WhatsApp, a Weaker Rupee Means a Weaker India(Vivek Kaul's Diary)

Aug 16, 2018

While dollar crossing Rs 70 will have its repercussions, the world isn't exactly coming to an end.

Why HDFC Equity Fund Disappointed Its Investors(Outside View)

Aug 9, 2018

Though popular, HDFC Equity Fund is not among the best performers anymore. Here is the reason behind its underperformance that has left investors disappointed.

HDFC AMC Makes 65% Listing Gains! Should It Attract Mutual Fund Investors?(Outside View)

Aug 8, 2018

PersonalFN explains if investors should invest in schemes of HDFC Mutual Fund looking at the listing gains of HDFC AMC.


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Aug 21, 2018 03:33 PM