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Larsen & toubro ltd

Date post: 24-May-2015
Author: chetanas-institute-of-management-amp-research
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2. COMPANY PROFILE Larsen & Toubro is India's largest engineering, construction, manufacturing and technology conglomerate with additional interests in electrical & automation, Information Technology and other diversified businesses. A strong customer-focused approach. Its a US$ 9.8 Billion Group. L&T was founded in Bombay (Mumbai) in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro. In December 1950, L&T became a Public Company with a paid- up capital of Rs.2 million. 3. BOARD OF DIRECTORS A.M.NAIK Group Executive Chairman K.VENKATARAMANAN CEO & MD 4. BUSINESS STRATEGY Larsen and Toubro Ltd (L&T) is working on a template to more than double its international order flow this fiscal. Maintaining operating profit margins at 11-11.5% this year. Targeting order inflows of Rs30,000 crore in this fiscal, as challenges become more intense in the domestic market, focusing overseas. The current domestic to international order flow mix in the company now stands at 75:25. The company debt stands at Rs60,000 crore, much of which comes from financial services and concessions business. 5. Total Debt. : Jun13- Rs.109.39 Bn : Mar13- Rs.88.34 Bn Net Working Capital at 17.3% of sales