Large cap stock in focus after receiving order for Pinaka Rocket Systems from Indian Army

Synopsis: Larsen & Toubro (L&T) has informed stock exchanges about a new partnership with the Indian Army related to the Pinaka Rocket Launcher Systems, involving support for the maintenance, upgrade and long-term use of these systems that are already in service with the Army

The shares of this engineering company majorly engaged in providing engineering, procurement and construction solutions across various sectors, were in focus after partnering with the Indian Army for collaboration on Pinaka Multi-Rocket Launcher Systems.

With the market capitalization of Rs. 5,66,093 Crores the shares of L&T were trading at around Rs. 4043 which is just 3.6  percent discount from its 52-week high of Rs. 4195 and is trading at a P/E of 35.3 whereas industry P/E stands at 18.4 

L&T has been awarded a work order by the Corps of Electronics and Mechanical Engineers (EME) of the Indian Army to handle overhaul, upgrades and management of the indigenous Pinaka Multi-Rocket Launcher Systems. This partnership aims to improve the operational readiness and modernisation of Pinaka regiments currently used by the Army. 

Under this model, the 510 Army Base Workshop (ABW) EME will carry out the actual overhaul and upgrades using its in-house expertise, while L&T, as the original equipment maker, will supply critical spares, provide technical support and ensure quality checks. 

Initially, a pilot overhaul of the Pinaka Launcher and Battery Command Post will be done jointly by L&T and 510 ABW. After the pilot is completed successfully, the remaining systems will be upgraded by the Army workshop with continued support from L&T. This approach may be used as a model for similar defence systems in the future and supports India’s focus on self-reliance in defence manufacturing and maintenance

About the company

Larsen & Toubro (L&T) is an Indian multinational company operating in engineering, procurement and construction (EPC), hi-tech manufacturing, and services, with a presence across multiple geographies. As of 30 September 2025, the company’s order book stood at Rs. 6.67 lakh crore, with international markets accounting for 49 percent and domestic markets contributing 51 percent. Infrastructure projects form the largest share of the order book at 59 percent, followed by Energy at 32 percent and Hi-tech manufacturing at 6 percent.

Year on Year analysis: Revenue from operations has increased from Rs. 61,555 Crores to Rs. 67,984 Crores, up 10.4 percent. Operating profit has increased from Rs. 7917 Crores to Rs. 8513 Crores, up 7.5 percent and Net profit has increased from Rs 4099 Crores to Rs. 4678 Crores, up 14 percent.

Quarter on quarter analysis: Revenue from operations has increased from Rs. 63,679 Crores to Rs. 67,984 Crores, up 6.7 percent. Operating profit has increased from Rs. 8024 Crores to Rs. 8513 Crores, up 6 percent and Net profit has increased from Rs 4318 Crores to Rs. 4678 Crores, up 8.3 percent. 

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Large cap stock in focus after receiving order for Pinaka Rocket Systems from Indian Army appeared first on Trade Brains.