Conglomerates

Valuation
Company Industry Analyst Rating MktCap
(US$bn)		 Price Target
Price		 Up/
down (%)		 CORE EPS EPS Growth (%) PER (x) P/Bk (x) EV/EBITDA (x) Yield (%) ROAE (%)
FY21 FY22F FY23F FY22F FY23F FY22F FY23F FY22F FY23F FY22F FY22F FY22F
Larsen & Toubro Ltd Conglomerate Arafat SAIYED ADD 66.4 3,506 3,980 13.5% 82.5 61.7 73.6 (0.3%) 0.2% 56.81 47.66 5.98 5.51 33.48 0.51% 10.8%

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