Larsen & Toubro Limited belongs to Nifty 50 group of companies. For this reason fluctuations LT share price share price affects the benchmark index.
Larsen And Toubro (L&T) LT Share Price Graph
Larsen And Toubro Limited, more popularly known as L&T or LT, is a prestigious name in infrastructure sector in India engaged in engineering, construction and manufacturing business.
The company has a good bit of history associated with its name. Long ago, in 1934, two young Danish engineers namely Henning Holck-Larsen and S.K. Toubro came to India as representative of a Danish engineering company F L Smidth & Co to oversee merger of subsidiaries of Associated Cement Company (ACC). Later, they stayed in India and formed Larsen And Toubro in 1938 which was turned into a limited company in 1946 as Larsen And Toubro Limited. The Danish legacy made it a leader in construction sector. Post second war, the crisis in infrastructure sector and need for new installation and engineering took the company to new heights.
Today it is an undisputed leader in engineering and construction sector. Today this engineering firm and its associates have diversified business interest in the following divisions.
- Erection and installation of systems
- Turn key projects
- Electrical and electronic systems and products
- Engineered systems and products
- Industrial consumables and machinery valves
- Information technology
L&T has many subsidiaries and associated companies. Most of them are direct subsidiaries engaged in engineering, construction and infrastructure business in India and abroad. But there are a few subsidiaries that are engaged in business like Information technology and related business, financial services, machine and engineering products manufacturing and related business.
Larsen And Toubro Limited has received numerous national and international awards of excellence for its performance in banking and financial sector.
Company Financials – LT share price is Rs 1723.05 (as on 23.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 29.49 versus average industry PE of 26.8, EPS is Rs 58.43. Market cap is Rs 1,60,832 crores. The face value of a share is Rs 2.
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