L&T Annual Report Analysis - Well Placed To Capitalise Cyclical Recovery: Dolat Capital
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Dolat Capital Report
Larsen and Toubro Ltd. has articulated the strategy in its FY21 annual report to build new capabilities (significant emphasis on digitalisation) and to realise new opportunities through three-pronged approach ranging from the long-term perspective (seven-10 years) to medium-term lakshya (five years) and to short-term budget plan (yearly).
The company is focusing on an asset-light business model by reducing its exposure to asset-heavy businesses and divesting non-core assets.
Furthermore, in order to reduce the cyclicity of the engineering, procurement, construction business, the company intends to increase its share of the services business by leveraging digitalisation solutions.
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