L&T share price target has been a hot topic of discussion in the financial market. The company, Larsen & Toubro, is a multinational conglomerate with interests in engineering, construction, and defense, among others.
Recently, L&T has transferred its Smart World and Communication business to its technology arm, which has been seen as a positive move by investors. This transfer has sparked speculation about the future of the company and its stock price.
As a result, many investors are now asking, “Is L&T a good auto stock to buy?” In this article, we will explore L&T’s share price target for the years 2023 to 2030, and examine whether or not it is a good investment opportunity.
About the Company
Larsen & Toubro(L&T) is a multinational engineering, technology and construction conglomerate headquartered in Mumbai, India. Founded in 1938, the company has grown from a small engineering firm to one of the largest conglomerates in the world. It provides engineering, construction, and technology solutions to customers in India and around the world. Larsen & Toubro’s product and service portfolio includes infrastructure, engineering and construction, power, heavy engineering, IT, defence, manufacturing, and financial services.
The company has been consistently ranked among the top engineering and construction companies in the world, as well as one of the most admired and respected Indian companies. Larsen & Toubro is a diversified engineering and construction conglomerate with a presence in multiple countries. It provides a comprehensive range of services and products, such as infrastructure, engineering and construction, power, heavy engineering, IT, defence, manufacturing, and financial services.
Larsen & Toubro is regularly rated as one of the best engineering and construction companies in the world, as well as one of the most respected and admired Indian companies.
Stock history of Larsen & Toubro
The company has a long-standing presence in the stock market and its stock is actively traded on the BSE and NSE. The company has a market capitalization of over 3.14 trillion INR.
The stock has a 5-year CAGR of over 22%, with the highest return of over 65% in the financial year 2018-19. The stock has been volatile since then, due to the economic slowdown, but has recovered quite well in the last few months.
L&T has a strong track record of delivering good returns to its shareholders and is one of the most preferred stocks in the Indian stock market. It has also been a consistent dividend payer in the last few years. Currently, the company’s stocks are trading at almost Rs. 2160.
Overall, L&T is a good long-term investment option for investors who are looking for steady returns with a reasonable degree of safety.
Latest news about Larsen & Toubro
➤ L&T has transferred its Smart World and Communication business to its technology arm.
➤ L&T has been awarded a number of sizable contracts to perform construction work for various companies.
How to buy Larsen & Toubro shares?
To buy Larsen & Toubro shares, you will need to open an account with a broker that is registered with the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). Once you have opened an account, you will need to deposit money with the broker and then place an order to buy the shares. Your broker will then execute the order on the stock exchange and purchase the shares for you. After the transaction is complete, the shares will be credited to your account. You can then access your portfolio and view the details of your Larsen & Toubro holdings.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Larsen & Toubro: 2023 to 2030
Share Price Target 2023 of Larsen & Toubro is ₹2,955.78
| When | Maximum Price | Minimum Price |
| January 2023 | ₹2,159.90 | ₹1,438.37 |
| February 2023 | ₹2,203.10 | ₹1,694.69 |
| March 2023 | ₹1,652.32 | ₹1,271.02 |
| April 2023 | ₹1,817.56 | ₹1,398.12 |
| May 2023 | ₹1,514.63 | ₹1,165.10 |
| June 2023 | ₹1,817.56 | ₹1,398.12 |
| July 2023 | ₹2,181.07 | ₹1,677.74 |
| August 2023 | ₹2,399.17 | ₹1,845.52 |
| September 2023 | ₹2,519.13 | ₹1,937.79 |
| October 2023 | ₹2,399.17 | ₹1,845.52 |
| November 2023 | ₹2,639.09 | ₹2,030.07 |
| December 2023 | ₹2,955.78 | ₹2,273.68 |
According to the share price prediction for 2023, L&T’s stock is expected to have a bullish uptrend throughout the year. The maximum price for the year ranges from ₹2,159.90 to ₹2,955.78, showing a growth percentage of up to 37%.
Meanwhile, the minimum price for the year ranges from ₹1,438.37 to ₹2,273.68, showing a growth percentage of up to 57%. The stock is expected to be stable, with the maximum and minimum prices fluctuating around a consistent range.
This indicates a positive outlook for L&T’s stock performance in 2023. However, it is important to note that these predictions are only estimates and actual results may vary.
Share Price Target 2024 of Larsen & Toubro is ₹4,138.22
| When | Maximum Price | Minimum Price |
| January 2024 | ₹3,111.35 | ₹2,393.35 |
| February 2024 | ₹3,495.90 | ₹2,913.25 |
| March 2024 | ₹3,679.89 | ₹2,991.78 |
| April 2024 | ₹3,345.36 | ₹2,573.35 |
| May 2024 | ₹2,787.80 | ₹2,144.46 |
| June 2024 | ₹3,345.36 | ₹2,573.35 |
| July 2024 | ₹2,843.55 | ₹2,204.31 |
| August 2024 | ₹3,127.91 | ₹2,482.47 |
| September 2024 | ₹3,284.30 | ₹2,526.39 |
| October 2024 | ₹3,863.89 | ₹2,972.22 |
| November 2024 | ₹4,057.08 | ₹3,120.83 |
| December 2024 | ₹4,138.22 | ₹3,183.25 |
The L&T share price target for 2024 shows a consistent growth trend for the year. The maximum price for the year ranges from ₹3,111.35 to ₹4,138.22, showing a growth percentage of up to 33%.
Meanwhile, the minimum price for the year ranges from ₹2,393.35 to ₹3,183.25, showing a growth percentage of up to 31%. The stock is expected to maintain stability, with fluctuations around a consistent range throughout the year. This indicates a positive outlook for L&T’s stock performance in 2024.
Share Price Target 2025 of Larsen & Toubro is ₹5,019.73
| When | Maximum Price | Minimum Price |
| January 2025 | ₹4,220.99 | ₹3,246.91 |
| February 2025 | ₹4,443.15 | ₹3,417.80 |
| March 2025 | ₹4,665.30 | ₹3,588.69 |
| April 2025 | ₹4,165.45 | ₹3,204.19 |
| May 2025 | ₹3,786.77 | ₹2,912.90 |
| June 2025 | ₹4,165.45 | ₹3,204.19 |
| July 2025 | ₹3,967.09 | ₹3,051.61 |
| August 2025 | ₹4,132.39 | ₹3,178.76 |
| September 2025 | ₹4,339.01 | ₹3,337.70 |
| October 2025 | ₹4,599.35 | ₹3,537.96 |
| November 2025 | ₹4,921.30 | ₹3,785.62 |
| December 2025 | ₹5,019.73 | ₹3,861.33 |
The L&T share price target for 2025 predicts a stable growth for the year, with maximum price targets ranging from ₹4,220.99 to ₹5,019.73, showing a growth percentage of up to 18%.
The minimum price targets range from ₹3,246.91 to ₹3,861.33, showing a growth percentage of up to 18%. The stock is expected to maintain an upward trend, with fluctuations around a consistent range throughout the year. This bullish outlook for L&T’s stock performance in 2025 shows potential for investors to earn positive returns on their investment.
Larsen & Toubro Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹3,513.81 | ₹2,459.67 |
| 2027 | ₹2,986.74 | ₹2,090.72 |
| 2028 | ₹5,376.13 | ₹3,763.29 |
| 2029 | ₹11,043.41 | ₹7,730.38 |
| 2030 | ₹12,298.34 | ₹8,608.84 |
Larsen & Toubro is expected to continue its growth trajectory in the coming years. The company has a strong presence in the infrastructure segment, with a large number of projects under construction in different parts of the country. The company is also investing in new technologies and services, which could further boost its growth in the future.
Looking at the current market conditions and the company’s future prospects, it can be estimated that the Larsen & Toubro share price is likely to grow steadily in the five-year period from 2026 to 2030. The expected share price of the company is around ₹12,298.34 by the end of 2030.
Financial Condition of Larsen & Toubro: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Trailing |
| Sales | 1,19,683.16 | 1,35,220.29 | 1,45,452.36 | 1,35,979.03 | 1,56,521.23 | 1,71,029.40 |
| Expenses | 99,571.82 | 1,12,354.47 | 1,20,899.26 | 1,12,518.79 | 1,32,194.65 | 1,49,668.86 |
| Operating Profit | 20,111.34 | 22,865.82 | 24,553.10 | 23,460.24 | 24,326.58 | 21,360.54 |
| Other Income | 1,464.93 | 2,700.61 | 3,015.47 | 8,111.25 | 2,364.01 | 2,520.23 |
| Depreciation | 2,223.48 | 1,923.03 | 2,462.27 | 2,904.21 | 2,947.95 | 3,325.37 |
| Interest | 7,713.63 | 9,338.73 | 11,020.78 | 11,749.58 | 9,234.98 | 4,564.12 |
| Profit before tax | 11,639.16 | 14,304.67 | 14,085.52 | 16,917.70 | 14,507.66 | 15,991.28 |
| Tax | 3,198.87 | 4,067.09 | 3,263.20 | 4,010.82 | 4,216.61 | 4,375.55 |
| Net profit | 7,369.86 | 8,905.13 | 9,549.03 | 11,582.93 | 8,669.33 | 9,606.47 |
| EPS | 52.59 | 63.49 | 68.02 | 82.46 | 61.70 | 68.36 |
| Price to earning | 24.93 | 21.82 | 11.89 | 17.21 | 28.65 | 31.60 |
| Price | 1,310.90 | 1,385.30 | 808.50 | 1,418.90 | 1,767.65 | 2,159.85 |
| RATIOS: | ||||||
| Dividend Payout | 30.42% | 28.35% | 26.46% | 43.65% | 35.66% | |
| OPM | 16.80% | 16.91% | 16.88% | 17.25% | 15.54% | 12.49% |
L&T has experienced significant growth over the last five years as seen in the financial statement. From the data, it can be observed that the sales of the company have increased from ₹1,19,683.16 in March 2018 to ₹1,71,029.40 in March 2022, with a revenue growth of 42.73%.
The company’s operating profit has also increased from ₹20,111.34 in March 2018 to ₹24,326.58 in March 2022, with a profit growth of 20.85%. Moreover, the net profit after tax (PAT) has seen a growth of 27.83%, going from ₹7,369.86 in March 2018 to ₹9,606.47 in March 2022.
The EPS has also seen a growth of 15.36%, increasing from ₹52.59 in March 2018 to ₹68.36 in March 2022. The Price to earning (P/E) ratio also decreased from 24.93 in March 2018 to 12.49 in March 2022.
Despite some fluctuations, L&T has consistently shown growth over the years, with the maximum growth in sales, operating profit, and net profit being observed in the year 2021, and the minimum growth being observed in the year 2020.
FAQS
Will the share price of Larsen & Toubro increase in 2023?
It is expected that Larsen & Toubro per share price will increase to ₹2,955.78 by the end of 2023.
What is the anticipated value of Larsen & Toubro stock in 2030?
It is projected that Larsen & Toubro stock price might reach around ₹12,298.34 per share by 2030.
What is Larsen & Toubro current market value?
As of now, the Larsen & Toubro stock price is ₹2,160, with a market capitalisation of 3.04 trillion INR.
Can L&T reach 3000 INR by 2030?
According to our analysis, L&T could reach a maximum of Rs. 2955 by 2023. However, it might reach 3000 INR in the first month of 2024.
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Conclusion
It can be concluded that Larsen & Toubro is likely to be a good investment in the medium to long-term. It is well-positioned to benefit from the current opportunities in the market, including an increase in digitalization and automation, improving infrastructure, and the government’s Make in India initiative.
The company has a strong balance sheet, which should enable it to take advantage of these opportunities and reach its target price. The report also highlights some of the risks and uncertainties involved in investing in Larsen & Toubro, including a weak macroeconomic environment, and rising debt levels. Nevertheless, considering the company’s strong market position and attractive growth prospects, it is expected to reach its target price of ₹12,298.34 by the end of 2030.
