InvestorQ : How do you see the future of L&T after the sharp correction that the stock has seen in last few months?
Anu Biswas made post

How do you see the future of L&T after the sharp correction that the stock has seen in last few months?

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Neelam Naik answered.
1 year ago
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Actually, there have been a few brokerage upgrades of L&T. The big positive for the company could be that Larsen & Toubro is on the way to become asset light by reducing debt to the tune of Rs.30,000 crore. L&T will sell its entire stake in L&T IDPL and Nabha Power as well as stake in the Hyderabad Metro to an InvIT. L&T is undertaking a serious exercise to reduce debt, become light on assets and thus improve the ROI. L&T sits on consolidated debt of Rs.124,000 crore as on March 2019 resulting in an annual interest cost of Rs.9354 crore. This should enable the company to smoothly play the recovery in growth, as an when it happens.

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