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L&T vs VOLTAS - 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


Voltas, a Tata group company, is a major player in the electro-mechanical engineering


Current Valuations

P/E (TTM) x 17.1 34.6 49.6% View Chart
P/BV x 2.9 4.8 61.6% View Chart
Dividend Yield % 1.4 0.7 203.4%  


5-Yr Chart
Click to enlarge
High Rs1,459665 219.5%   
Low Rs1,183471 251.3%   
Sales per share (Unadj.) Rs1,005.2215.3 466.9%  
Earnings per share (Unadj.) Rs72.815.5 469.0%  
Cash flow per share (Unadj.) Rs87.716.3 539.5%  
Dividends per share (Unadj.) Rs18.004.00 450.0%  
Dividend yield (eoy) %1.40.7 193.4%  
Book value per share (Unadj.) Rs444.7124.2 358.0%  
Shares outstanding (eoy) m1,402.73330.88 423.9%   
Bonus/Rights/Conversions ESOP--  
Price / Sales ratio x1.32.6 49.8%   
Avg P/E ratio x18.136.6 49.6%  
P/CF ratio (eoy) x15.134.9 43.1%  
Price / Book Value ratio x3.04.6 65.0%  
Dividend payout %24.725.8 96.0%   
Avg Mkt Cap Rs m1,853,357187,874 986.5%   
No. of employees `00044.88.3 541.8%   
Total wages/salary Rs m181,0066,419 2,820.0%   
Avg. sales/employee Rs Th31,502.28,623.7 365.3%   
Avg. wages/employee Rs Th4,043.8777.0 520.5%   
Avg. net profit/employee Rs Th2,282.5622.1 366.9%   
Net Sales Rs m1,410,07171,241 1,979.3%  
Other income Rs m18,5151,863 994.1%   
Total revenues Rs m1,428,58673,103 1,954.2%   
Gross profit Rs m163,2476,117 2,668.7%  
Depreciation Rs m20,840240 8,690.6%   
Interest Rs m18,060330 5,476.2%   
Profit before tax Rs m142,8627,410 1,928.0%   
Minority Interest Rs m-210-518 40.5%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m2,948-118 -2,504.2%   
Tax Rs m43,4331,635 2,656.0%   
Profit after tax Rs m102,1665,139 1,988.1%  
Gross profit margin %11.68.6 134.8%  
Effective tax rate %30.422.1 137.8%   
Net profit margin %7.27.2 100.4%  
Current assets Rs m1,078,74456,472 1,910.2%   
Current liabilities Rs m992,44332,853 3,020.9%   
Net working cap to sales %6.133.2 18.5%  
Current ratio x1.11.7 63.2%  
Inventory Days Days1756 29.7%  
Debtors Days Days9692 103.8%  
Net fixed assets Rs m351,1342,775 12,655.3%   
Share capital Rs m2,806331 848.1%   
"Free" reserves Rs m620,94340,769 1,523.1%   
Net worth Rs m623,74841,100 1,517.6%   
Long term debt Rs m741,2080-   
Total assets Rs m2,791,34175,220 3,710.9%  
Interest coverage x8.923.5 38.0%   
Debt to equity ratio x1.20-  
Sales to assets ratio x0.50.9 53.3%   
Return on assets %4.37.3 59.2%  
Return on equity %16.412.5 131.0%  
Return on capital %12.017.3 69.4%  
Exports to sales %00-   
Imports to sales %018.2 0.0%   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNA12,953 0.0%   
Fx inflow Rs m202,1202,649 7,630.3%   
Fx outflow Rs m202,12412,968 1,558.6%   
Net fx Rs m-4-10,319 0.0%   
From Operations Rs m-47,169-3,214 1,467.5%  
From Investments Rs m-109,9943,927 -2,800.8%  
From Financial Activity Rs m154,410-183 -84,608.1%  
Net Cashflow Rs m-2,753531 -518.8%  

Share Holding

Indian Promoters % 0.0 30.2 -  
Foreign collaborators % 0.0 0.0 -  
Indian inst/Mut Fund % 36.5 25.4 143.7%  
FIIs % 19.6 18.6 105.4%  
ADR/GDR % 2.3 0.0 -  
Free float % 41.5 25.9 160.2%  
Shareholders   802,712 134,810 595.4%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster


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

Today's Market

Indian Indices Witness Selling, Passenger Vehicles Sales Data, and Top Cues in Focus Today(Pre-Open)

India share markets witnessed selling pressure yesterday and ended their session deep in the red. At the closing bell yesterday, the BSE Sensex stood lower by 267 points (down 0.7%).

Related Views on News

VOLTAS Announces Quarterly Results (1QFY20); Net Profit Up 0.3% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, VOLTAS has posted a net profit of Rs 2 bn (up 0.3% YoY). Sales on the other hand came in at Rs 27 bn (up 23.6% YoY). Read on for a complete analysis of VOLTAS's quarterly results.

L&T Announces Quarterly Results (1QFY20); Net Profit Up 45.7% (Quarterly Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, L&T has posted a net profit of Rs 18 bn (up 45.7% YoY). Sales on the other hand came in at Rs 296 bn (up 4.8% YoY). Read on for a complete analysis of L&T's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

VOLTAS 2018-19 Annual Report Analysis (Annual Result Update)

Jul 18, 2019 | Updated on Jul 18, 2019

Here's an analysis of the annual report of VOLTAS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of VOLTAS. Also includes updates on the valuation of VOLTAS.

L&T 2018-19 Annual Report Analysis (Annual Result Update)

Jul 8, 2019 | Updated on Jul 8, 2019

Here's an analysis of the annual report of L&T for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

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