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Compare L&T with GRINDWELL NORTON - Equitymaster
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L&T vs GRINDWELL NORTON - 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

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    L&T GRINDWELL NORTON L&T/
GRINDWELL NORTON
 
P/E (TTM) x 25.3 44.3 57.2% View Chart
P/BV x 3.6 6.4 56.5% View Chart
Dividend Yield % 1.6 0.8 208.6%  

Financials

 L&T   GRINDWELL NORTON
EQUITY SHARE DATA
    L&T
Mar-17
GRINDWELL NORTON
Mar-17
L&T/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs1,593749 212.8%   
Low Rs1,177309 381.3%   
Sales per share (Unadj.) Rs1,171.7114.1 1,026.8%  
Earnings per share (Unadj.) Rs69.510.9 636.7%  
Cash flow per share (Unadj.) Rs94.914.7 644.2%  
Dividends per share (Unadj.) Rs21.004.00 525.0%  
Dividend yield (eoy) %1.50.8 200.4%  
Book value per share (Unadj.) Rs538.280.7 667.3%  
Shares outstanding (eoy) m932.97110.72 842.6%   
Bonus/Rights/Conversions ESOPB-  
Price / Sales ratio x1.24.6 25.5%   
Avg P/E ratio x19.948.4 41.2%  
P/CF ratio (eoy) x14.635.9 40.7%  
Price / Book Value ratio x2.66.6 39.3%  
Dividend payout %30.236.6 82.5%   
Avg Mkt Cap Rs m1,292,16358,527 2,207.8%   
No. of employees `00041.51.9 2,241.4%   
Total wages/salary Rs m138,5311,702 8,138.8%   
Avg. sales/employee Rs Th26,361.86,829.0 386.0%   
Avg. wages/employee Rs Th3,340.8920.1 363.1%   
Avg. net profit/employee Rs Th1,564.1653.5 239.3%   
INCOME DATA
Net Sales Rs m1,093,11812,634 8,652.5%  
Other income Rs m14,010309 4,541.4%   
Total revenues Rs m1,107,12812,942 8,554.5%   
Gross profit Rs m116,0151,931 6,007.1%  
Depreciation Rs m23,699423 5,609.3%   
Interest Rs m13,39820 66,658.7%   
Profit before tax Rs m92,9271,797 5,170.7%   
Minority Interest Rs m-5,3720-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m-1,2140-   
Tax Rs m21,486588 3,652.1%   
Profit after tax Rs m64,8551,209 5,364.8%  
Gross profit margin %10.615.3 69.4%  
Effective tax rate %23.132.7 70.6%   
Net profit margin %5.99.6 62.0%  
BALANCE SHEET DATA
Current assets Rs m754,5336,748 11,182.1%   
Current liabilities Rs m615,9902,615 23,556.9%   
Net working cap to sales %12.732.7 38.7%  
Current ratio x1.22.6 47.5%  
Inventory Days Days1471 19.5%  
Debtors Days Days9337 253.8%  
Net fixed assets Rs m299,7513,743 8,007.4%   
Share capital Rs m1,866554 337.0%   
"Free" reserves Rs m500,2998,377 5,972.6%   
Net worth Rs m502,1658,930 5,623.2%   
Long term debt Rs m673,40619 3,507,321.9%   
Total assets Rs m2,120,59712,099 17,527.0%  
Interest coverage x7.990.4 8.8%   
Debt to equity ratio x1.30 62,372.1%  
Sales to assets ratio x0.51.0 49.4%   
Return on assets %3.710.2 36.3%  
Return on equity %12.913.5 95.4%  
Return on capital %8.520.3 41.8%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m171,3211,953 8,772.6%   
Fx outflow Rs m155,8843,866 4,031.9%   
Net fx Rs m15,436-1,913 -806.7%   
CASH FLOW
From Operations Rs m62,3491,611 3,870.4%  
From Investments Rs m-97,402-328 29,677.8%  
From Financial Activity Rs m35,27125 142,221.4%  
Net Cashflow Rs m2170-  

Share Holding

Indian Promoters % 0.0 7.7 -  
Foreign collaborators % 0.0 51.3 -  
Indian inst/Mut Fund % 36.5 10.1 360.7%  
FIIs % 19.6 3.0 653.3%  
ADR/GDR % 2.3 0.0 -  
Free float % 41.5 27.9 148.7%  
Shareholders   802,712 12,133 6,615.9%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare L&T With:   BEML LTD.  BHAGYANAGAR IND  KIRLOSKAR INDUSTRIES  FINOLEX CABLES  JINDAL DRILLING  

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



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