Larsen and Toubro's intrinsic value using Intellectual Capital analysis

Larsen and Toubro

BSE : 500510

|

NSE : LT

Industry : Engineering turnkey

|

ISIN : INE018A01030

|

FreeFloat : 83.26%

|

FnO : Yes

|

LotSize : 300

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Intellectual Capital (IC)	97,568.13
Net Worth (NW)	98,747.41
Intrinsic Worth (IW)	196,315.50
Market Cap (MC)	293,130.80
Economic Value Added	-3,038.15

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	49.70%
IC Gross Margin (EBITDA/IC)	23.30%
IC Net Margin (NPT/IC)	11.60%
Knowledge Turnover (Sales/IC)	1.85
Market to Intrinsic Value (MC/IW)	1.49

As Of	Intrinsic Value	Market Price
31 Dec 2022	Rs. 1,396.90	Rs. 2,085.80
27 Mar 2023	----	Rs. 2,154.00
27 Mar 2023	----	-12.15 -0.56%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : No	Sell	10 DMA : Rs. 2,181.70	Sell	Strong Sell
KB > 50% : No		50 DMA : Rs. 2,173.40
0 < M2IV < 1 : No		Vol-Price trend : Falling
Disclaimer: Stock outlook is based on data calculations only and does NOT constitute investment advice.

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Mar-20
C
44245.28
44905.76
5781.52
5070.58
4249.74
3430.10
2629.63

Jun-20
C
21259.97
22037.37
3670.58
2998.35
894.46
536.88
1052.46

Sep-20
C
31034.74
31593.77
3893.78
3180.66
2138.20
1462.84
1410.29

Dec-20
C
35596.42
36661.08
5364.61
4662.51
3680.50
2857.66
3636.55

Mar-21
C
48087.90
49116.16
7417.19
6600.43
5747.36
3695.70
3281.17

Jun-21
C
29334.73
29982.70
3819.46
3102.08
2274.62
1531.66
1704.32

Sep-21
C
34772.90
35305.04
3762.82
3034.07
2254.73
2231.96
2319.22

Dec-21
C
39562.92
40134.31
5101.81
4369.35
3555.55
2517.14
2689.17

Mar-22
C
52850.67
53366.26
7167.92
6398.56
5693.46
4138.47
4144.84

Jun-22
C
35853.20
36547.92
4586.71
3623.31
2867.26
2228.33
1272.38

Sep-22
C
42762.61
43501.14
5604.02
4743.85
3908.20
2785.26
1882.14

Dec-22
C
46389.72
47144.75
5820.60
4995.42
4192.97
3058.46
3513.53

* C - Consolidated, S - Standalone