Done By: Sujay Shetty Rollno:34

DONE BY: Sujay Shetty ROLLNO:34

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Country's largest engineering and construction organization is among the most remarkable success stories in Indian industry.

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L&T was founded in Bombay (Mumbai) in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro.

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Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication.

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Today, the company sets global engineering benchmarks in terms of scale and complexity.

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It is one of the largest and most respected companies in India's private sector.

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Larsen & Toubro (L&T) and European aerospace and defence group EADS have formed a JV for joint exploration of business opportunities in defence and aerospace

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L&T is implementing a strategic plan (LAKSHYA) for 2005-10.

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To Compete and grow in globalised environment

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The plan has been drawn up in consultation with a leading international strategy consultant

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drawn up in consultation with a leading international strategy consultant. Plans to spend $5 billion on starting a power generation business to tap electricity demand in the world's secondfastest growing major economy

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Heavy Engineering

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Construction

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Electrical&Electronics

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Information Technology



Machinery & Industrial Products

•

Larsen & Toubro Komatsu Limited(Hydraulic Excavators )

•

L&T Infotech (IT INDUSTRY)

•

Larsen & Toubro EmSyS(works in the domains of software company )

•

Larsen & Toubro Finance (focused on financial services)

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Larsen & Toubro Infrastructure Finance

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Larsen & Toubro e-Engineering Solutions (is an ISO IEC 27000, ISO 9001 : 2000 )

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Larsen & Toubro Valves Business Group (A valve manufacturing group with a presence in India and overseas, L&T VBG has experience with products such as gate vales, globe valves, check valves, ball valves, TMBV, TOBV etc.)

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At L&T , Health, Safety & Environment (HSE) is given the highest priority.

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Systems and procedures have been established for implementing the requisites at all stages of construction.

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The Quality Management Systems of HSE Department is accredited to ISO 9001-2000 standards

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HSE awareness among employees is created and sustained through regular training programmes

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Systems are rigorously implemented to ensure high standards of Health, Safety & Environment at our jobsites.

GENERAL - TOP MANAGEMENT - Larsen & Toubro Ltd As on 03/12/2008 COMPANY/GENERAL/TOP MANAGEMENT/348/Larsen & Toubro 200803 Name

Designation

Remuneration -Unit Curr

A M Naik

Chairman & Managing Director

83917000

J P Nayak

President & Whole-time Dir.

43090000

Y M Deosthalee

Whole Time Director & CFO

48304000

K Venkataramanan

President & Whole-time Dir.

47871000

R N Mukhija

President & Whole-time Dir.

47365000

V K Magapu

Whole Time Director & SeniorVP

35446000

K V Rangaswami

President & Whole-time Dir.

35410000

S Rajgopal

Director

530000

S N Talwar

Director

830000

M M Chitale

Director

860000

N Hariharan

Company Secretary

M V Kotwal

Whole Time Director & SeniorVP

Thomas Mathew T

Nominee (LIC)

780000

N Mohan Raj

Nominee (LIC)

730000

Subodh Bhargava

Director

460000

0 38827000

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SGCCI Golden Jubilee Memorial Trust Award for outstanding performance in Export of Engineering Goods for 2004-05.

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SGCCI Golden Jubilee Memorial Trust Award for outstanding performance in Export of Engineering Goods for 2004-05.

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Greentech Safety Awards (2005) by the New Delhi-based non-profit organisation, Greentech Foundation, for the effort in industrial safety and environmental management.

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Ethics is Good Business award from the New Delhi based PHD Chamber of Commerce & Industry (PHDCCI).

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Set up switchgear manufacturing facility for power and motor control systems at Saudi Arabia

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Built Design & Engineering Centres for hydrocarbon and infrastructure sectors, in the U.A.E.

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Established manufacturing facility for high-end switchgear in Wuxi New District in the Jiangsu Province of China, with sourcing offices in Shanghai & Beijing

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Exported high-tech heavy engineering equipment to clients in over 30 countries including USA, Canada, UK, France, Australia & China

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Set up manufacturing facility for valves in Jiangsu and another for rubber processing machinery in Quingdao in China

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Acquired Tamco Corporate Holdings, a Malaysian company engaged in medium voltage switchgear with manufacturing facilities and market reach in Malaysia ,Indonesia and China

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Provides IT-enabled engineering services to important and demanding clients like Aramco, Qatar Petroleum, etc.

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Formed JVs in Kuwait, Oman, and Saudi Arabia for electromechanical construction in Oil & Gas, Power & Infrastructure sectors

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Forged Joint ventures with MHI for manufacture of Super Critical Boilers,

Turbines & Generators

RATIOS - KEY FINANCIAL RATIOS - Larsen & Toubro Ltd As on 03/12/2008 COMPANY/RATIOS/KEY FINANCIAL RATIOS/348/Larsen & Toubro 200803 200703 200603 200503 200403 200303 200203 200103 200003 Key Ratios Debt-Equity Ratio

0.37

0.34

0.42

0.52

0.72

0.97

1.06

1.06

0.98

Long Term Debt-Equity Ratio

0.27

0.25

0.31

0.35

0.51

0.74

0.8

0.77

0.72

Current Ratio

1.14

1.23

1.35

1.35

1.2

1.14

1.29

1.42

1.38

7.17

7.01

6.9

6.54

2.41

1.61

1.32

1.3

1.34

6.9

6.88

6.71

6.56

5.94

4.92

3.3

3.45

3.61

3.92

3.48

3.39

3.64

3.11

4.43

5.8

5.9

6.55

Interest Cover Ratio

19.17

15.56

7.85

8.4

7.1

2.98

2

1.58

1.89

PBIDTM (%)

13.98

12.83

9.74

8.25

9.84

10.65

13.81

13.98

14.87

PBITM (%)

13.2

11.94

9.02

7.6

9.04

7.72

9.83

9.98

10.92

PBDTM (%)

13.29

12.06

8.59

7.35

8.57

8.05

8.88

7.68

9.09

9.4

8.71

6.35

5.82

6.19

7.28

8.23

7.42

8.55

8.62

7.82

5.64

5.16

5.39

4.36

4.25

3.42

4.6

ROCE (%)

31.82

30.92

24.16

22.12

16.77

11.5

10.78

9.8

10.98

RONW (%)

28.47

27.11

21.27

22.7

16.99

12.67

9.54

6.88

9.13

Turnover Ratios Fixed Assets Inventory Debtors

CPM (%) APATM (%)

FINANCE -PROFIT AND LOSS - Larsen & Toubro Ltd (Curr: Rs in Cr.) As on 05/12/2008 COMPANY-LISTED/FINANCE/PROFIT AND LOSS/348/Larsen & Toubro 200803 (12) 200703 (12) 200603 (12) 200503 (12) INCOME : Sales Turnover 25210.63 17938.29 14994.79 13361.5 Excise Duty 334.38 338.08 253.86 214.56 Net Sales 24876.25 17600.21 14740.93 13146.94 Other Income 651.95 484.51 559.82 625.88 Stock Adjustments 746.17 121.76 -113.24 86.84 Total Income

26274.37

18206.48

15187.51

13859.66

13009.5 365.25 1506.78 5989.94 1533.68 356.84 11.42

8434.51 308.13 1238.4 4536.41 1174.56 215.97 3.3

7026.24 234.75 882.41 4150.38 947.43 286.05 1.89

6374.76 201.63 742.34 3941.47 873.41 234.89 3.15

22750.57

15904.68

13525.37

12365.35

Operating Profit Interest Gross Profit Depreciation Profit Before Tax Tax Fringe Benefit tax Deferred Tax Reported Net Profit Extraordinary Items Adjusted Net Profit

3523.8 173.62 3350.18 195.94 3154.24 891.56 69.31 19.95 2173.42 115.29 2058.13

2301.8 137.66 2164.14 160.13 2004.01 611.44 15.18 -25.63 1403.02 16.03 1386.99

1662.14 172.37 1489.77 107.12 1382.65 364.19 21.67 -15.35 1012.14 166.61 845.53

1494.31 120.82 1373.49 87.52 1285.97 321 0 -18.88 983.85 293.83 690.02

Adjst. below Net Profit P & L Balance brought forward Statutory Appropriations Appropriations P & L Balance carried down

-0.11 78.24 0 2147.24 104.31

-3.28 55.7 0 1377.2 78.24

-0.54 55.62 0 1011.52 55.7

0 51.39 0 979.62 55.62

Dividend Preference Dividend Equity Dividend %

495.32 0 850

368.25 0 650

302.25 0 1100

357.21 0 1375

Earnings Per Share-Unit Curr Earnings Per Share(Adj)-Unit Curr Book Value-Unit Curr

71.73 35.87 325.95

47.65 23.83 202.67

70.58 17.65 335.57

71.94 17.99 256.98

EXPENDITURE : Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Administration Expenses Miscellaneous Expenses Less: Pre-operative Expenses Capitalised Total Expenditure

Share holding Share holding pattern as on : Face value  

    30/09/2008  

Promoter's holding Sub total Non promoter's holding Institutional investors Banks Fin. Inst. and Insurance FII's Sub total

   

No. Of Shares

 

Other investors   Private Corporate Bodies NRI's/OCB's/Foreign Others Direcctors/Employee s Govt Others Sub total General public

    30/06/200   8 2  2  % Holding No. Of % Shares Holdi ng              

67224136 42966705 152684911   14250883

 

 

    31/03/2008  

No. Of Shares

2  % Holding

   

   

 

 

22.98 66432840 22.72 63789649

21.82

14.68 41438804 14.17 48556421 52.18 15445894 52.82 158743787 8         4.87 13192595 4.51 11186252

16.61 54.3

3.83

2594156

0.89

2591570

0.89

2442118

0.84

3232621

1.1

3232421

1.11

3232312

1.11

48201596 68144156 71627887

16016.47 49293377 16.86 49278207 23.29 68175026 23.32 66009495 24.48 69636691 23.82 67444714

16.86 22.58 23.07

Balance sheet

(Rs crore) Mar ' 08

Mar ' 07

Mar ' 06

Mar ' 05

Sources of funds Owner's fund Equity share capital Share application money

-

-

-

-

Preference share capital

-

-

-

-

Reserves & surplus Loan funds Secured loans Unsecured loans Total Uses of funds Fixed assets Gross block Less : revaluation reserve

58.47

56.65

27.48

25.98

9,470.71

5,683.85

4,583.32

3,312.25

308.53 3,275.46 13,113.17

245.4 1,832.35 7,818.25

465.79 987.78 6,064.37

793.72 1,065.34 5,197.29

4,188.91 25.9

2,876.30 27.93

2,300.68 29.37

2,106.55 30.9

Less : accumulated depreciation

1,242.47

1,122.83

982.22

1,089.54

Net block Capital work-in-progress

2,920.54 699

1,725.54 471.22

1,289.09 286.06

986.11 65.82

Investments Net current assets Current assets, loans & advances

6,922.26

3,104.44

1,919.52

960.7

16,496.48

12,049.35

9,669.13

8,962.64

Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written

13,928.17

9,542.14

7,121.41

5,817.87

2,568.31 3.06

2,507.21 9.84

2,547.72 21.98

3,144.77 39.89

Total

13,113.17

7,818.25

6,064.37

5,197.29