ADVERTISEMENT
'Buy' L&T Shares Maintains Motilal Oswal On Strong Prospect Pipeline, Net Working Capital, ROE
Motilal Oswal remains positive on L&T considering its ability to benefit from a large prospect pipeline and maintain healthy net working capital and RoE, hence maintain Buy.
20 Jun 2025, 12:33 PM IST 
Driven by a robust ramp-up in international ordering, particularly in the last three years, L&T’s order inflows have grown 2x in FY25 to Rs 2.8 trillion and core EPC revenue has surged 1.7x vs FY22.
(Photo credit: Vijay Sartape/NDTV Profit)
L&T’s near-term ordering may be affected by the Israel-Iran conflict in the Middle East and fluctuating oil prices, but the long-term support comes from a strong order book sustaining healthy revenue growth, fairly stable working capital driving improvement in return ratios, and margin improvement.
