Skip to main content

L&T Judged Best Managed Company in India

Larsen & Toubro Ltd (L&T) has announced that the Company has been judged as India's Best Managed Company by India's leading business magazine Business Today and its knowledge partner Ernst & Young.

Mr. A M Naik, Chairman and Managing Director of L&T, received the coveted award from the Union Minister of Commerce and Industries, Mr. Kamal Nath at a glittering function held in Mumbai on March 05.

The Business Today-Ernst Young study covered more than 4,900 Companies that are listed on the BSE and the NSE. They were rated on several parameters that included leadership, business & operational strategies, best practices, corporate governance, corporate social responsibility, growth, profitability, operating efficiency & wealth creation for all stakeholders.

Commenting on the award Mr. Naik said, "It is a tribute to enlightened and professional management team at L&T, where empowerment and accountability are of paramount importance. In 70 years of existence, L&T has created a management culture that is rooted in ethics, integrity, and a deep sense of patriotism. We sincerely believe that nation building is at the core of all our activities. L&T is a truly professionally managed Company with no promoter family, but where every employee has a strong sense of ownership".

Popular posts from this blog

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..

ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/ Kwadrat/
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…

A 10-point checklist to lower risk of loss in your stock investment

A 10-point checklist to lower risk of loss in your stock investment By Dhiraj Relli, ET CONTRIBUTORS | Updated: May 11, 2017, 11.40 AM IST Post a Comment Big Change: The end of Five-Year Plans: All you need to know < ..

Read more at: