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L&T Share Price Target for 2024, 2025, 2030, and 2040

L&T Share Price Target for 2024, 2025, 2030, and 2040

In this post, we will discuss the L&T share price target for the upcoming year. We will analyse the estimated stock price of the company so that you can make better decisions about investing in it. Before we dive into the company’s share price predictions, let’s first understand the company’s background, financials, technical fundamentals, etc.

Larsen & Toubro Limited: An Overview

Larsen & Toubro Limited, commonly known as L&T Limited, was established in 1946. It is an Indian multinational conglomerate company whose business is spread across engineering, construction, manufacturing, technology, information technology, and financial services.

The company is counted among the top five construction companies in the world. L&T Group comprises 93 subsidiaries companies, 5 associate companies, 27 joint ventures, and 35 jointly operating companies.

Company nameLarsen & Toubro Limited
IndustryConstruction and Engineering
Founded 7 February 1946
CountryIndia
Official websitewww.larsentoubro.com

Key Metrics

Market Cap ₹ 4,10,216 Crore
Sectoral Market Cap Rank1
Total Revenue ₹ 186,269.87 crore (US$23 billion) (FY 2023)
Net Income₹ 10,470.72 crore (US$1.3 billion) (FY 2023)
Total Assets₹ 330,352.21 crore (US$41 billion) (FY 2023)
Total Equity₹ 103,567.22 crore (US$13 billion) (FY 2023)
PE Ratio (x)36.43
Price to Book Ratio (x)3.95
EPS – TTM (₹)80.12
Primary ExchangeNSE / BSE
Stock – 52 Week High & Low  3,009.00 / 1,797.40

Highlights of the L&T stock forecast are shown in the table below.

YearMinimum PriceMaximum Price
2023₹ 3,030
2024₹ 3,010₹ 3,480
2025₹ 3,460₹ 3,960
2026₹ 3,920₹ 4,450
2027₹ 4,370₹ 4,920
2028₹ 4,850₹ 5,350
2029₹ 5,320₹ 5,940
2030₹ 5,900₹ 6,500
2040₹ 14,000₹ 16,500

Important Note: These are stock forecasts of “Larsen & Toubro Limited” and are for reference purposes only. Short-term and long-term L&T share price targets could differ materially from the forecast due to the different time series analysed. These forecasts are valid only when there is positive market sentiment. This analysis does not incorporate any uncertainties in the company or global market conditions.

Future Growth

Our Larsen & Toubro Limited Growth forecast shows that its earnings and revenue will grow at 19.6% and 10.8% per annum, respectively. EPS is expected to grow by 19.2%. The return on equity is estimated at 15.7% in 3 years.

Key information

Revenue growth rate10.8%
Earining growth rate19.6%
EPS growth rate19.2%
Construction earnings growth22.7%
Future return on equity15.7%

Earnings and Revenue Growth Forecasts

L&T Limited’s earnings vs. the market

As per our forecast earning growth of L&T Limited i.e. 19.60% per year (As you can see in the above chart-1) is growing faster than the Indian market earning 18.80%.

L&T Limited’s earnings vs. the industry

As per our forecast, earnings growth for L&T Limited will be 19.60% per year, and industry growth will be 22.70%, which is more than the forecasted L&T growth.

L&T Limited’s revenue vs. the market

As per our forecast revenue growth of L&T Limited i.e. 10.80% per year (As you can see in the above chart-2) is growing faster than the Indian market revenue 10.20%.

L&T Limited’s revenue vs. the industry

As per our forecast, revenue growth for L&T Limited will be 10.80% per year, and industry revenue growth will be 11.70%, which is more than the forecasted L&T revenue growth.

Future Return on Equity

As per our forecast, L&T Limited ROE is to be low in 3 years i.e. 15.7%.

L&T Limited Past Performance

When we analyse the past performance of the L&T company, its earning grew at an average annual rate of 0.5%, on the other hand, the construction industry shows an earning growth of 9.1% per year. If we talk about the revenue of the company it grows at an average rate of 6.4% per year. The company maintained a net profit margin of 5.5% and a return on equity is 12%.

Key information (Updated as on 31st March 2023)

Revenue growth rate6.4%
Earining growth rate0.5%
EPS growth rate0.5%
Construction earnings growth9.1%
Return on equity12%
Net Profit Margin5.5% *

*L&T Limited Net profiit margin 5.5% are higher than the previous financial year 5.4%.

Analysis of Past Earnings Growth of L&T

Earning Trend

If we analyse the previous 5-year earnings of L&T Limited, its earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth

L&T Limited’s earnings growth for the past year was 20.6%, which exceeds its 5-year average earning growth of 0.5% per year.

L&T Limited’s earnings vs. the industry

Last year, L&T Limited’s earnings growth was only 20.6%, while the construction industry showed a growth rate of 22.90.

L&T Limited’s earnings vs. the market

As shown in the graph, the earnings growth (20.60%) of L&T Ltd. has been greater than the market earnings growth (17.90%).

Return on Equity

If we analyze the return on equity of L&T Limited it was 12%, which is considered low.

L&T Limited’s stock forecast for the upcoming years

L&T share price target for 2023

The year 2023 appears to be an exponential opportunity for those looking to invest in L&T Limited’s stock. Right now, there is a lot of potential for growth in the stock this year. Due to this, we can see further growth in the stock price. However, if the market trends maintain an average pace, the price may stabilize at ₹ 3,030 in the year 2023. So, if you are an active investor, then 2023 can be a suitable year for you to invest. 

YearMinimum PriceMaximum Price
2023₹ 3,030

L&T share price target for 2024

It appears that 2024 will be the year of higher growth opportunities as compared to the previous year. This year, the company will also have good opportunities for growth, due to which its revenue is expected to increase and perform well. As per our forecast method, the stock of the company will also see growth and will be able to give good returns to its investors. This year the minimum price will be ₹ 3,010 and maximum to ₹ 3,480. However, one must stay careful and vigilant enough to keep a constant eye on the rising market trends. You can make more money if you apply sufficient caution than you might have by investing in these stocks.

YearMinimum PriceMaximum Price
2024₹ 3,010₹ 3,480

L&T share price target for 2025

According to stock market knowledge and sound judgement of stocks, we predict that 2025 will be a great year for all the investors who have invested their time and money in L&T Limited. The stocks can reach a maximum high of ₹ 3,960 and a maximum low of ₹ 3,460. However, before responding to these recommendations for any stock, you must do your own research and analysis. Trading and investing involve a significant level of risk, so consult a financial expert before making any decisions.

YearMinimum PriceMaximum Price
2025₹ 3,460₹ 3,960

L&T share price target for 2026

The company has built its fast-growing business around a strong balance sheet, which provides a platform to raise additional resources to capitalize on unprecedented opportunities. L&T Limited’s share price is expected to go up to ₹ 4,450. 

YearMinimum PriceMaximum Price
2026₹ 3,920₹ 4,450

L&T share price target for 2027

Several researchers have made stock predictions for L&T Limited for 2027. As per our forecasted stock price, the share price of the company will reach ₹ 4,920. This stock can be a good option for long-term investment.

YearMinimum PriceMaximum Price
2027₹ 4,370₹ 4,920

L&T share price target for 2028

As per our analysis and considering the current and past market trends, we believe that the stock will grow at an exponential and unpredictable rate over the next five years. If this happens, then the stock can reach the ₹ 5,350 mark by 2028. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market conditions are not covered in this analysis.

YearMinimum PriceMaximum Price
2028₹ 4,850₹ 5,350

L&T share price target for 2029

This year the minimum share price of L&T will be ₹ 5,320 and the maximum of ₹ 5,940 as per our stock forecasted methodology.

YearMinimum PriceMaximum Price
2029₹ 5,320₹ 5,940

L&T share price target for 2030

The year 2030 seems to hold a lot of potential for L&T Limited Stock. Over the years, the company’s financial structure made it possible to grow the business without periodic equity dilution, strengthening the potential for increasing shareholder value. As per our expert’s prediction for this year, L&T’s minimum share price will be ₹ 5,900 and the maximum price will be ₹ 6,500. However, you may do your research and analysis before investing.

YearMinimum PriceMaximum Price
2030₹ 5,900₹ 6,500

Also Read: Paytm Share Price Target for 2024, 2025, 2026, 2028, and 2030

L&T share price target for 2040

If we look at the stock prediction of the company till 2040, then it can go up to ₹ 16,500. Due to this, it can be an option for long-term investment. However, one must be careful and vigilant to keep a constant eye on the growing trends of the market. If you are careful enough, you can earn more than what you invest in these stocks.

YearMinimum PriceMaximum Price
2040₹ 14,000₹ 16,500

Recommendations: Invest in L&T stock or sell it?

As per the current data, L&T’s share price and possibly its market sentiment have been in a bullish cycle for the last 12 months. It is always easier to trade in a bull market, so you may want to favour these stocks under the given circumstances, but always read about optimal investment strategies if you are new to investing.

As per our predictive stock analyst, the company’s stocks may be good to invest in. If you are good at personal finance and want to invest, then you can invest in this stock.

FAQ’s

Generally, real estate stocks do not always pay dividends, but Larsen & Toubro Limited pays dividends to reward its shareholders. For the quarter ending June 2023, Larsen & Toubro Ltd. has declared a dividend of ₹ 6, i.e., a dividend yield of 1.04%. 

If we look at the dividends from previous years, they are as follows:

 

Year Dividend
FY 2022-23 ₹ 24 per equity share
FY 2021-22 ₹ 22 per equity share

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