L&T Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030), Larsen and Toubro Share Fundamentals, Financial Trends, Future Plans, Businesses and more
In this article we are going to talk about a great stock which has already given multibagger returns to the people. And from our research and expert point of view this stock can perform very well in future. By the way, Larsen & Toubro (L&T) is a large cap stock, so the risk factors are reduced in it. And the best thing is that after the September quarter of 2022, DIIs and mutual funds have increased their holding, which is a plus point.
Hey friends, I am sachin an author of this website. So we are going to know through this blog, how appropriate it would be to invest in this stock of Larsen & Toubro (L&T) Company. We will also do its fundamentals analysis as well as we will also see its financial trends. Then after this we will try to predict Larsen & Toubro share price target which will be based on fully fundamentals and technical analysis. So stay tuned till the end of this blog so that you don’t miss anything and you can make the right decision.
First of all, we will know the business of its company, after that we will see the fundamentals, financials and L&T share price target.
L&T Overview
Larsen & Toubro (L&T) is a multinational engineering and construction company based in India. The company was founded in 1938 by two engineers, Henning Holck-Larsen and Søren Kristian Toubro, and has since grown to become one of the largest engineering and construction companies in India, with a presence in over 30 countries around the world.
L&T is involved in a wide range of sectors, including construction, engineering, manufacturing, and services. The company’s projects include infrastructure development, power plants, oil and gas facilities, and industrial and residential buildings. L&T is also involved in the defense sector, with a focus on the development and production of military equipment and systems.
L&T Shareholding
Holding pattern is on of the very important metric to analyze any stock. So now let’s talk about the L&T Shareholding Pattern.
- Retail and others have 39.96% of Shareholding
- Foreign Institutional Investors (FIIs) have 22.06% of Shareholding
- Domestic Institutional Investors (DIIs) have 20.04% of Shareholding
- And Mutual Funds hold 17.94 % of L&T share
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L&T Financial Trends
If we talk about the Revenue and Profit of L&T Limited company then –
Its revenue in 2019 has been ₹ 135,220 Cr and profit is ₹ 8,907 Cr. There was a revenue of ₹ 145,452 Cr in 2020 and a profit of ₹ 9,549 Cr. In the same 2021, there was a profit of ₹ 11,583 crore with a revenue of ₹ 135,979 Cr. And this year i.e. in 2022 there has been a higest profit of ₹ 8,669 Cr with a revenue of ₹ 156,521 Cr.
L&T Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Target Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| L&T Share Price Target 2023 | 2200 | 2250 |
| L&T Share Price Target 2024 | 2420 | 2460 |
| L&T Share Price Target 2025 | 2780 | 2840 |
| L&T Share Price Target 2026 | 3260 | 3300 |
| L&T Share Price Target 2027 | 3770 | 3835 |
| L&T Share Price Target 2028 | 4410 | 4500 |
| L&T Share Price Target 2029 | 5070 | 5170 |
| L&T Share Price Target 2030 | 6200 | 6500 |
L&T Share Price Target 2023
It is a large cap company, so the risk in it is slightly less than other stocks. And in this, there is a possibility that you may get more interest than bank returns or fad. L&T has given 36% returns in last 6 months and more than 10% returns in last one year which is very good. And if we talk about overall returns, then it has given returns of 11,500% from January 1999 to December 2022. And looking at its previous returns, if we can guess what will come next, then we can get to see first L&T Share Price Target 2023 of INR 2200 and second target can be INR 2250.
L&T Share Price Target 2024
Due to its better performance, Larsen And Toubro has been showing good growth in its financial performance for a long time. Its business is not limited only to infra, but a lot of business is also spread in Technology, Financial, Manufacturing, Construction, Engineering. About 48 percent of L&T revenue comes from infra business and the remaining 52 percent depends on different businesses.
Considering these, L&T Share Price Target 2024 can be INR 2420 and maximum Price can be INR 2460. Due to Diversification of Larsen And Toubro’s (L&T) business, the company’s business is showing full potential to show good growth in the coming times.
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L&T Share Price Target 2025
By 2025, a very good trend will be seen in this company because the company is working on new projects. As we can see the financial of L&T is very good and it is making profit continuously. But this company has got a little less profit in 2022 as compared to 2021. Going forward, good growth can be seen in this, it is known by looking at its fundamentals. At present, the P/E ratio of L&T is 30, while its industrial P/E is 8.5, according to which the company is currently valued. If we see its ROE and EPS it is 10.95% and 68.31 which is fine.
By this we can estimate L&T share price target 2025 can be INR 2780 and second target can goes upto 2840. By the way, if the fundamentals of the company improve in the future, and it makes more profit, then the stock may see a good trend.
L&T Share Price Target 2030
Talking about the long term of L&T, it is mostly seen that companies with low debt have very less risk. Same if there is a lot of debt on the company then it becomes a bit worrying, both for the company and also for the investors. L&T has a debt of 129,071 crores and its debt to equity ratio is 1.58, which is a little bit high and not considered good. So, L&T Share Price Target 2030 can be INR 6200 and if this share hits this target then we will get to see second target of INR 6500.
Conclusion
It is generally not a good idea to base your investment decisions solely on share price targets. Share price targets are estimates of what analysts believe a particular stock’s price will be at a certain point in the future. These estimates are based on a variety of factors, including the company’s financial performance, industry trends, and overall market conditions. While share price targets can be helpful in providing some context for a stock’s current price and potential future performance, they should not be the sole factor in determining whether to invest in a particular stock.
So, I hope you have liked reading about L&T Share Price Target 2023, 2024, 2025, 2030. If you have any doubt or questions regarding this topic then you can definitely ask via commenting. And if possible, do share this article with you friends and families.
FAQs
Is L&T a debt free company?
No, L&T is not a debt free company. Currently this company has a debt of ₹129,071 crore and its debt to equity ratio is 1.58.
What will be the share price of L&T after 5 years?
According to our analysis, price of L&T after 5 years will be INR 4410 – INR 4500 in 2028. This is the expected price range, share price of the L&T can be more or less than the predicted one.
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