Larsen & Toubro Stock Analysis
About Larsen & Toubro
Larsen & Toubro (L&T) is one of India’s largest engineering and construction companies. It operates in infrastructure, heavy engineering, defense, power, and IT services.
Business Model
- Infrastructure & construction projects
- Heavy engineering & manufacturing
- Defense & aerospace projects
- IT & technology services (through subsidiaries)
Strengths
- Strong order book
- Diversified business segments
- Government infrastructure exposure
- Global project execution capability
Risks
⚠ Project execution delays
⚠ High working capital requirements
⚠ Dependence on government spending
Conclusion
L&T is a leading infrastructure and engineering giant benefiting from India’s infrastructure growth, though project risks remain.