L&T Stock given returns of 15927%

 

In this article, we will discuss about a company that has generated a lot of wealth for investors in the last 24 years despite the Covid-19 situation and ongoing geopolitical tensions. The company is India's leading infrastructure company and the name of the company is Larsen and Toubro Limited.

About Company:-

•      L&T India is a multinational company, engaged in EPC projects, high-tech manufacturing and services.

•      L&T is doing business in 50 countries.

•      L&T has manufacturing footprint in eight countries.

•      The company reported revenue of Rs. 58,335 crore and net profit of Rs 4,446 crore for FY 2022-23.

Company Returns:-

This stock has given excellent returns to its investors and has made its investors millionaires. The company has given an excellent return of 15927% in its last 24 years. On 1 January 1999, the stock was trading at Rs. 18.22 per share and now on 19.09.2023 the stock is trading at Rs. 2920 per share. Now if you had invested Rs. 1 lakh in the stock at that time, then its value as on today's date would be Rs. 1.59 crore. That means this stock changed from penny stock to multibagger.

The stock prices mentioned include all stock splits and bonuses issued by the company.

Dividend paid by the company:-

The returns mentioned are without considering dividends. Let's see how much dividend the company has paid in the last few years

Return against dividend:-

The company has paid a dividend of Rs. 360.08 per share since 2001. The company has continued to pay dividends even during COVID-19 and ongoing geopolitical tensions. The company has paid a dividend of Rs. 24 per share for the financial year 2022-23.

Now if you have purchased shares of L&T worth Rs. 1 lakh considering the price of Rs 18.22 per share including all bonus shares and stock split. As of today you can hold 5488 shares and in exchange for those shares you will get Rs. 1.32 lakh as dividend income for the financial year 2022-23. It is much more than an investment. In the last 24 years, there is no other instrument which will give such huge returns.