Soon, Larson & Toubro will pay a 1100 percent dividend; find out the date, the amount, and other inf

Updated: Jul 19



Shares of L&T: The construction company Larsen & Toubro has set July 22, 2022, as the record date for shareholders eligible to receive the proposed dividend of 1100% or Rs. 22, for the fiscal year ending March 31, 2022. If declared at the AGM, the dividend will be paid no later than August 8, 2022.


According to Larsen & Toubro's exchange filing, "The Company has chosen Friday, 22nd July 2022 as the Record Date to identify the Members entitled to receive the proposed dividend of Rs. 22.00 per share of face value Rs. 2/- each for the year ended 31st March 2022," the company notified BSE. If a dividend is declared at the AGM, it will be paid no later than August 1st, 2022. The Cut-off Date for identifying the Members entitled to vote on the resolutions included in the Notice of AGM or to attend the AGM has been set by the Company as Thursday, July 28, 2022.


Stock Price History


Today's market price for the L&T shares was Rs 1,551.50, up 1.02 percent from yesterday's close of Rs 1535.80. On the NSE, where the stock achieved a 52-week high of Rs 2,078.55 on 18th January 2022 and a 52-week low of Rs 1,456.35 on 20th June 2022, Larsen & Toubro shares are currently trading 25.35% below the 52-week high and 6.53% above the 52-week low.


A large-cap business with a market cap of Rs 2,15,784.37 crore, Larsen & Toubro Ltd. was founded in 1946 and works in the construction industry.


Financials

The company recorded a consolidated total income of Rs 53,366.26 crore for the three months ended March 31, 2022, up 8.65 percent from the same period last year and up 32.97 percent from the previous quarter's total income of Rs 40134.31 crore. In the most recent quarter, the company generated a net profit after tax of Rs 4,006.66 crore.


Should you Invest?


ICICI Direct has a "buy" call with a target price of Rs 1,920 on Larsen & Toubro. The pricing of Larsen & Toubro Ltd. in the market right now is Rs 1,527.6. The expert estimates that it will take one year for the price of Larsen & Toubro Ltd. to reach the specified target.

To further strengthen the balance sheet and raise return ratios, "concentrate on asset monetizationnetworking. From 23.2% in Q3FY22 and 22.2% in Q4FY21 to 19.9% in Q4FY22, the net working capital ratio dramatically increased. In FY22, the company earned a healthy cash flow from operations totaling Rs 15,000 crore. Additionally, a standalone firm has relatively little debt from a leveraging viewpoint, and in FY22, the solo entity's debt decreased by Rs 4300 crore while the debt for the concessions portfolio decreased by Rs 2,100 crore.


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