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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 24.3 17.9 135.8% View Chart
P/BV x 3.6 3.2 112.3% View Chart
Dividend Yield % 1.6 1.7 96.8%  

Financials

 L&T   GRINDWELL NORTON
EQUITY SHARE DATA
    L&T
Mar-16
GRINDWELL NORTON
Mar-16
L&T/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs1,886814 231.9%   
Low Rs1,070595 179.7%   
Sales per share (Unadj.) Rs1,101.8213.6 515.7%  
Earnings per share (Unadj.) Rs54.618.9 289.2%  
Cash flow per share (Unadj.) Rs84.226.5 318.2%  
Dividends per share (Unadj.) Rs18.256.50 280.8%  
Dividend yield (eoy) %1.20.9 133.8%  
Book value per share (Unadj.) Rs472.3121.7 388.0%  
Shares outstanding (eoy) m931.4855.36 1,682.6%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x1.33.3 40.7%   
Avg P/E ratio x27.037.3 72.6%  
P/CF ratio (eoy) x17.526.6 65.9%  
Price / Book Value ratio x3.15.8 54.1%  
Dividend payout %33.434.4 97.1%   
Avg Mkt Cap Rs m1,376,86738,998 3,530.6%   
No. of employees `00043.41.8 2,418.0%   
Total wages/salary Rs m92,0481,526 6,031.6%   
Avg. sales/employee Rs Th23,672.96,596.3 358.9%   
Avg. wages/employee Rs Th2,123.2851.1 249.5%   
Avg. net profit/employee Rs Th1,174.2583.4 201.3%   
INCOME DATA
Net Sales Rs m1,026,31711,827 8,677.7%  
Other income Rs m11,830208 5,679.5%   
Total revenues Rs m1,038,14712,035 8,625.8%   
Gross profit Rs m123,4261,820 6,780.5%  
Depreciation Rs m27,560419 6,572.8%   
Interest Rs m30,41224 128,321.5%   
Profit before tax Rs m77,2841,586 4,874.1%   
Minority Interest Rs m-4,450-12 38,691.3%   
Prior Period Items Rs m-250-   
Extraordinary Inc (Exp) Rs m3,5810-   
Tax Rs m25,485528 4,826.7%   
Profit after tax Rs m50,9051,046 4,866.2%  
Gross profit margin %12.015.4 78.1%  
Effective tax rate %33.033.3 99.0%   
Net profit margin %5.08.8 56.1%  
BALANCE SHEET DATA
Current assets Rs m1,054,5495,723 18,426.5%   
Current liabilities Rs m893,5522,729 32,739.2%   
Net working cap to sales %15.725.3 62.0%  
Current ratio x1.22.1 56.3%  
Inventory Days Days1976 25.2%  
Debtors Days Days12846 276.4%  
Net fixed assets Rs m585,9993,581 16,365.9%   
Share capital Rs m1,863277 673.0%   
"Free" reserves Rs m389,1506,461 6,023.1%   
Net worth Rs m439,9176,738 6,529.1%   
Long term debt Rs m737,53728 2,653,011.2%   
Total assets Rs m2,275,2479,950 22,868.0%  
Interest coverage x3.567.9 5.2%   
Debt to equity ratio x1.70 40,633.7%  
Sales to assets ratio x0.51.2 37.9%   
Return on assets %3.610.8 33.2%  
Return on equity %11.615.5 74.5%  
Return on capital %9.123.6 38.4%  
Exports to sales %0.911.1 7.7%   
Imports to sales %3.028.4 10.4%   
Exports (fob) Rs m8,7811,307 671.7%   
Imports (cif) Rs m30,3593,356 904.6%   
Fx inflow Rs m110,8901,852 5,987.8%   
Fx outflow Rs m112,4843,555 3,163.8%   
Net fx Rs m-1,594-1,703 93.5%   
CASH FLOW
From Operations Rs m-32,2891,358 -2,377.0%  
From Investments Rs m-41,320-367 11,252.7%  
From Financial Activity Rs m74,885-978 -7,656.9%  
Net Cashflow Rs m1,27613 9,592.5%  

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:   FINOLEX CABLES  BLUE STAR  PHOENIX LAMPS  TRF LTD  BHARAT ELECTRONICS  

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



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