Nifty
:
24379.60
Sensex
:
80641.07
-81.55 (-0.33%)
-155.77 (-0.19%)
Nifty
Sensex
:
:
24379.60
80641.07
-81.55 (-0.33%)
-155.77 (-0.19%)

Larsen & Toubro Ltd.

Engineering - Construction

Rating :
N/A

BSE: 500510 | NSE: LT

NSE BSE
3352.75
06-Feb-2025
  • Open
  • High
  • Low
  • Previous Close
  •  3404.00
  •  3404.00
  •  3342.70
  •  3383.20
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  2874856
  •  96586.66
  •  3963.50
  •  2965.30

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 4,58,550.95
  • 32.90
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,64,825.52
  • 1.02%
  • 4.92

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 0.00%
  • 0.98%
  • 19.61%
  • FII
  • DII
  • Others
  • 19.8%
  • 40.02%
  • 19.59%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.16
  • 7.92
  • 12.21

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 5.98
  • 3.95
  • 7.06

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 10.63
  • 6.66
  • 15.27

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 26.08
  • 30.18
  • 33.44

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.59
  • 3.82
  • 4.58

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 13.68
  • 14.29
  • 15.77

Earnings Forecasts:

Description
2024
2025
2026
2027
Adj EPS
93.96
114.62
139.85
166.43
P/E Ratio
39.36
32.27
26.45
22.22
Revenue
219116
256397
293099
332238
EBITDA
23494
27671
33042
38079
Net Income
13059
15555
19225
22685
ROA
3.9
5
5.6
5.7
P/B Ratio
5.89
5.26
4.63
4.03
ROE
14.87
16.82
18.35
19.05
FCFF
12945.72
7070.42
10091.4
14082.1
FCFF Yield
2.19
1.2
1.71
2.38

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Jun 24
Jun 23
Var%
Mar 24
Mar 23
Var%
Net Sales
64,667.78
55,127.82
17.31%
61,554.58
51,024.04
20.64%
55,119.82
47,882.37
15.12%
67,078.68
58,335.15
14.99%
Expenses
56,769.62
47,929.17
18.44%
53,637.53
43,983.57
21.95%
48,074.00
41,566.01
15.66%
58,425.64
49,980.91
16.90%
EBITDA
7,898.16
7,198.65
9.72%
7,917.05
7,040.47
12.45%
7,045.82
6,316.36
11.55%
8,653.04
8,354.24
3.58%
EBIDTM
12.21%
13.06%
12.86%
13.80%
12.78%
13.19%
12.90%
14.32%
Other Income
967.87
837.75
15.53%
1,101.27
1,132.98
-2.80%
920.64
1,145.56
-19.63%
1,041.74
740.91
40.60%
Interest
2,486.00
2,343.82
6.07%
2,439.39
2,272.49
7.34%
2,291.89
2,299.08
-0.31%
2,345.35
2,334.29
0.47%
Depreciation
1,047.00
920.75
13.71%
1,023.84
909.89
12.52%
997.92
830.47
20.16%
1,021.20
853.50
19.65%
PBT
5,333.03
4,771.83
11.76%
5,555.09
4,991.07
11.30%
4,676.65
4,332.37
7.95%
6,421.84
5,907.36
8.71%
Tax
1,332.00
1,177.32
13.14%
1,442.28
1,135.52
27.01%
1,236.54
1,216.25
1.67%
1,418.30
1,460.62
-2.90%
PAT
4,001.03
3,594.51
11.31%
4,112.81
3,855.55
6.67%
3,440.11
3,116.12
10.40%
5,003.54
4,446.74
12.52%
PATM
6.19%
6.52%
6.68%
7.56%
6.24%
6.51%
7.46%
7.62%
EPS
24.43
21.44
13.95%
24.69
23.45
5.29%
20.26
17.74
14.21%
31.98
28.37
12.72%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Net Sales
2,48,420.86
2,21,112.91
1,83,340.70
1,56,521.23
1,35,979.03
1,51,019.35
1,41,313.92
1,19,683.16
1,09,311.81
1,01,122.48
92,004.58
Net Sales Growth
16.98%
20.60%
17.13%
15.11%
-9.96%
6.87%
18.07%
9.49%
8.10%
9.91%
 
Cost Of Goods Sold
25,886.73
76,341.06
60,128.68
49,599.95
41,677.23
47,436.92
46,274.62
39,627.56
36,751.82
34,803.93
31,275.28
Gross Profit
2,22,534.13
1,44,771.85
1,23,212.02
1,06,921.28
94,301.80
1,03,582.43
95,039.30
80,055.60
72,559.99
66,318.55
60,729.30
GP Margin
89.58%
65.47%
67.20%
68.31%
69.35%
68.59%
67.25%
66.89%
66.38%
65.58%
66.01%
Total Expenditure
2,16,906.79
1,93,089.12
1,58,936.85
1,36,594.88
1,14,907.47
1,27,934.54
1,19,482.27
1,03,128.02
92,650.88
85,431.57
76,329.83
Power & Fuel Cost
-
2,745.19
2,823.61
2,267.26
1,581.33
2,079.84
2,205.60
1,399.62
1,423.19
1,243.45
1,074.48
% Of Sales
-
1.24%
1.54%
1.45%
1.16%
1.38%
1.56%
1.17%
1.30%
1.23%
1.17%
Employee Cost
-
41,171.02
37,214.11
29,695.79
24,750.54
23,114.00
17,466.40
15,270.79
13,853.97
13,330.84
11,931.31
% Of Sales
-
18.62%
20.30%
18.97%
18.20%
15.31%
12.36%
12.76%
12.67%
13.18%
12.97%
Manufacturing Exp.
-
48,142.38
36,979.07
33,185.12
27,640.38
33,763.40
32,488.79
29,388.40
29,906.38
26,709.94
23,263.20
% Of Sales
-
21.77%
20.17%
21.20%
20.33%
22.36%
22.99%
24.56%
27.36%
26.41%
25.28%
General & Admin Exp.
-
16,634.80
13,803.74
11,169.53
9,655.99
14,256.14
8,709.14
6,818.19
6,282.93
6,263.40
5,911.91
% Of Sales
-
7.52%
7.53%
7.14%
7.10%
9.44%
6.16%
5.70%
5.75%
6.19%
6.43%
Selling & Distn. Exp.
-
468.49
435.97
299.29
218.01
338.15
550.46
675.39
856.63
790.04
804.87
% Of Sales
-
0.21%
0.24%
0.19%
0.16%
0.22%
0.39%
0.56%
0.78%
0.78%
0.87%
Miscellaneous Exp.
-
7,586.18
7,551.67
10,377.94
9,383.99
6,946.09
11,787.26
9,948.07
3,575.96
2,289.97
804.87
% Of Sales
-
3.43%
4.12%
6.63%
6.90%
4.60%
8.34%
8.31%
3.27%
2.26%
2.25%
EBITDA
31,514.07
28,023.79
24,403.85
19,926.35
21,071.56
23,084.81
21,831.65
16,555.14
16,660.93
15,690.91
15,674.75
EBITDA Margin
12.69%
12.67%
13.31%
12.73%
15.50%
15.29%
15.45%
13.83%
15.24%
15.52%
17.04%
Other Income
4,031.52
5,903.96
5,821.50
6,971.79
6,128.12
4,961.11
3,924.67
4,806.53
1,492.15
919.90
1,083.52
Interest
9,562.63
9,821.92
9,750.06
9,552.15
12,059.67
11,269.45
9,547.13
7,916.78
7,017.22
6,898.68
7,265.78
Depreciation
4,089.96
3,682.33
3,502.25
2,947.95
2,904.21
2,462.27
1,923.03
1,928.73
2,369.93
1,786.73
2,622.95
PBT
21,986.61
20,423.50
16,973.04
14,398.04
12,235.80
14,314.20
14,286.16
11,516.16
8,765.93
7,925.40
6,869.54
Tax
5,429.12
4,947.39
4,484.16
4,203.92
4,010.82
3,491.88
4,343.33
3,198.87
2,006.59
2,436.96
2,253.24
Tax Rate
24.69%
24.11%
26.21%
29.00%
46.21%
24.39%
29.79%
27.48%
22.58%
30.39%
31.22%
PAT
16,557.49
13,081.73
10,564.97
8,541.14
3,330.61
9,477.07
8,926.13
7,805.72
6,436.50
5,270.84
4,762.68
PAT before Minority Interest
13,962.79
15,569.72
12,624.87
10,291.05
4,668.96
10,822.32
10,237.58
8,440.29
6,880.77
5,582.66
4,964.00
Minority Interest
-2,594.70
-2,487.99
-2,059.90
-1,749.91
-1,338.35
-1,345.25
-1,311.45
-634.57
-444.27
-311.82
-201.32
PAT Margin
6.67%
5.92%
5.76%
5.46%
2.45%
6.28%
6.32%
6.52%
5.89%
5.21%
5.18%
PAT Growth
10.29%
23.82%
23.70%
156.44%
-64.86%
6.17%
14.35%
21.27%
22.12%
10.67%
 
EPS
121.79
96.22
77.71
62.83
24.50
69.71
65.66
57.42
47.34
38.77
35.03

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Shareholder's Funds
86,359.24
89,325.95
82,407.66
75,868.53
66,723.22
62,374.80
54,903.50
50,216.52
44,180.36
40,909.07
Share Capital
274.93
281.10
281.01
280.91
280.78
280.55
280.27
186.59
186.30
185.91
Total Reserves
85,533.77
88,577.76
81,755.00
75,204.02
66,040.95
61,757.20
54,306.11
49,726.68
43,711.84
40,418.06
Non-Current Liabilities
56,613.13
60,734.31
62,412.83
83,248.64
83,320.29
71,925.21
71,743.22
67,140.21
61,234.61
70,561.03
Secured Loans
42,472.94
49,204.00
44,602.91
58,497.68
66,520.20
57,298.20
49,092.72
42,321.55
36,521.71
44,225.27
Unsecured Loans
14,034.03
12,013.68
17,015.40
23,622.36
15,811.13
16,822.59
23,822.04
25,019.03
24,702.13
24,243.49
Long Term Provisions
987.38
869.99
817.77
773.78
708.67
556.84
523.54
526.60
424.66
1,000.80
Current Liabilities
1,76,600.73
1,62,065.99
1,59,360.85
1,37,408.01
1,44,729.21
1,33,802.31
1,09,274.38
89,525.12
85,046.43
79,096.62
Trade Payables
53,292.88
49,784.12
51,365.62
45,745.23
43,643.93
42,994.81
37,797.38
30,294.86
27,003.56
24,649.64
Other Current Liabilities
90,155.60
76,498.62
72,852.59
59,727.25
61,803.79
58,003.07
48,867.26
39,787.69
40,759.11
32,116.29
Short Term Borrowings
27,834.27
30,896.32
30,476.96
27,765.83
35,021.02
29,223.84
19,331.85
16,534.47
14,896.75
16,729.39
Short Term Provisions
5,317.98
4,886.93
4,665.68
4,169.70
4,260.47
3,580.59
3,277.89
2,908.10
2,387.01
5,601.30
Total Liabilities
3,35,763.52
3,26,367.52
3,17,147.41
3,08,576.71
3,04,293.55
2,74,928.43
2,41,122.53
2,10,445.45
1,93,354.24
1,95,565.34
Net Block
40,772.45
39,280.78
38,982.03
43,118.96
42,005.30
18,811.76
16,175.55
13,243.79
14,370.91
34,977.42
Gross Block
60,100.92
55,602.50
52,795.04
55,376.95
51,520.94
26,262.23
22,017.53
17,273.07
16,722.01
45,783.38
Accumulated Depreciation
19,072.03
16,029.58
13,526.95
11,228.95
9,229.57
7,172.92
5,573.48
3,878.18
2,289.49
10,744.71
Non Current Assets
1,17,683.65
1,04,163.20
1,09,024.06
1,13,609.88
1,21,603.66
1,08,136.99
99,492.08
88,604.20
85,901.69
99,633.38
Capital Work in Progress
3,045.01
3,065.57
1,249.55
1,700.75
4,959.17
16,301.67
15,848.07
16,731.26
15,165.24
14,992.78
Non Current Investment
10,690.19
9,224.89
9,595.60
8,615.40
7,347.73
6,960.93
5,847.06
5,452.80
3,584.89
1,646.80
Long Term Loans & Adv.
59,520.54
47,723.56
53,497.14
59,112.49
66,653.31
64,918.58
61,007.08
52,318.75
52,217.10
47,884.22
Other Non Current Assets
1,464.09
1,508.18
1,736.76
1,062.28
638.15
1,144.05
614.32
857.60
563.55
371.52
Current Assets
2,17,074.51
2,21,215.52
2,07,372.30
1,94,966.83
1,82,689.89
1,66,791.44
1,41,630.45
1,21,841.25
1,07,452.55
95,834.76
Current Investments
34,957.63
35,573.42
29,799.58
31,011.23
12,699.75
13,946.17
9,464.25
14,300.22
7,494.19
7,965.32
Inventories
6,620.19
6,828.78
5,943.32
5,820.54
5,746.65
6,413.93
4,847.80
4,139.74
4,854.21
6,508.40
Sundry Debtors
48,770.95
44,731.53
46,139.32
42,229.78
40,731.52
36,845.87
33,116.98
28,688.97
26,024.98
30,089.37
Cash & Bank
15,358.39
22,519.60
18,953.17
16,241.50
15,117.78
11,726.24
8,032.73
5,305.96
5,389.91
5,756.21
Other Current Assets
1,11,367.35
820.45
1,211.34
1,292.91
1,08,394.19
97,859.23
86,168.69
69,406.36
63,689.26
45,515.46
Short Term Loans & Adv.
1,10,785.05
1,10,741.74
1,05,325.57
98,370.87
50,675.24
50,042.73
40,915.08
42,658.08
26,878.28
21,171.56
Net Current Assets
40,473.78
59,149.53
48,011.45
57,558.82
37,960.68
32,989.13
32,356.07
32,316.13
22,406.12
16,738.14
Total Assets
3,34,758.16
3,25,378.72
3,16,396.36
3,08,576.71
3,04,293.55
2,74,928.43
2,41,122.53
2,10,445.45
1,93,354.24
1,95,565.34

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Cash From Operating Activity
18,266.28
22,776.96
19,163.58
23,073.82
6,693.88
-4,755.83
-10,031.02
6,655.26
-3,239.59
-1,365.38
PBT
20,423.50
16,973.04
14,398.04
23,026.30
14,314.20
14,580.91
11,639.16
8,765.93
7,925.40
6,869.54
Adjustment
4,507.91
5,551.94
4,548.35
-6,679.37
4,209.91
1,492.56
1,608.98
2,488.97
2,559.48
3,327.97
Changes in Working Capital
-1,385.08
5,379.14
4,756.63
10,197.90
-7,783.78
-15,946.50
-19,875.72
-1,397.97
-10,509.78
-8,583.65
Cash after chg. in Working capital
23,546.33
27,904.12
23,703.02
26,544.83
10,740.33
126.97
-6,627.58
9,856.93
-24.90
1,613.86
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-5,280.05
-5,127.16
-4,539.44
-3,471.01
-4,046.45
-4,882.80
-3,403.44
-3,201.67
-3,214.69
-2,979.24
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
2,163.04
-8,311.70
-3,667.68
-5,658.52
-8,256.27
-11,022.80
3,914.50
-9,795.94
-4,626.56
-4,778.15
Net Fixed Assets
-1,416.76
-3,083.68
-553.23
-2,042.07
439.78
-2,966.73
-1,022.87
-667.40
3,539.28
-558.78
Net Investments
-280.85
-1,733.54
3,885.85
-15,379.14
-11,130.28
4,435.09
-580.35
-2,767.71
-938.28
-3,838.26
Others
3,860.65
-3,494.48
-7,000.30
11,762.69
2,434.23
-12,491.16
5,517.72
-6,360.83
-7,227.56
-381.11
Cash from Financing Activity
-25,413.36
-11,572.49
-15,181.48
-15,274.38
6,371.55
15,440.17
9,370.46
2,895.93
7,252.70
7,902.86
Net Cash Inflow / Outflow
-4,984.04
2,892.77
314.42
2,140.92
4,809.16
-338.46
3,253.94
-244.75
-613.45
1,759.33
Opening Cash & Equivalents
16,926.69
13,770.24
13,373.52
11,324.57
6,460.23
6,798.69
3,544.75
3,789.50
4,402.96
4,086.57
Closing Cash & Equivalent
11,958.50
16,926.69
13,770.24
13,373.52
11,117.95
6,460.23
6,798.69
3,544.75
3,789.51
5,845.90

Financial Ratios

Consolidated /

Standalone
Description
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Book Value (Rs.)
624.22
632.22
583.87
537.43
472.41
442.26
389.53
356.67
314.18
290.40
ROA
4.70%
3.92%
3.29%
1.52%
3.74%
3.97%
3.74%
3.41%
2.87%
2.71%
ROE
17.83%
14.78%
13.07%
6.58%
16.86%
17.56%
16.15%
14.67%
13.23%
12.78%
ROCE
14.86%
12.98%
11.61%
9.97%
12.93%
13.77%
12.76%
11.50%
11.19%
11.32%
Fixed Asset Turnover
3.82
3.38
2.96
2.54
3.88
5.85
6.10
6.47
3.26
2.13
Receivable days
77.17
90.45
103.04
111.34
93.75
90.35
94.10
90.77
100.42
111.11
Inventory Days
11.10
12.71
13.72
15.52
14.70
14.54
13.68
14.92
20.34
23.68
Payable days
246.15
306.46
355.30
388.71
330.40
144.58
136.63
119.58
113.31
110.51
Cash Conversion Cycle
-157.88
-203.29
-238.55
-261.84
-221.96
-39.68
-28.84
-13.89
7.45
24.27
Total Debt/Equity
1.33
1.33
1.50
1.76
2.13
2.02
1.97
1.88
2.01
2.31
Interest Cover
3.09
2.75
2.52
1.72
2.27
2.53
2.47
2.27
2.16
1.99

Annual Reports:

FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016
FY 2015

News Update:


  • Larsen & Toubro gets ESG rating of ‘63’ from CRISIL
    17th Apr 2025, 11:53 AM

    This rating reflects the Company’s performance on Environmental, Social and Governance parameters as assessed by the rating agency

    Read More
  • L&T’s arm incorporates wholly owned subsidiary
    4th Apr 2025, 16:12 PM

    L&T Green Energy Kandla is formed for the purpose of development of green hydrogen and its derivatives (including green ammonia, etc) projects

    Read More
  • L&T dispatches fourth steam generator to Kaiga Atomic Power Station in Karnataka
    4th Apr 2025, 12:16 PM

    The fourth SG has been dispatched nine months ahead of the contractual schedule, while the full set of four SGs has been delivered in 45 months

    Read More
  • L&T bags orders for Power Transmission & Distribution vertical
    1st Apr 2025, 15:00 PM

    These orders indicate the continued momentum in investments related to efficient grid infrastructure in India and abroad, and underscore customer confidence in L&T’s capabilities

    Read More
  • L&T’s Hydrocarbon vertical secures contract from QatarEnergy LNG
    26th Mar 2025, 14:06 PM

    The secured contract is the largest single contract ever received by L&T

    Read More
  • L&T’s division forms partnership with three leading AI startups
    25th Mar 2025, 14:10 PM

    The collaborations will focus on groundbreaking developments in healthcare, life sciences, vertical AI, and conversational technologies

    Read More
  • L&T’s arm, John Cockerill ink MoU to explore specific green-power technologies
    24th Mar 2025, 15:42 PM

    The MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply and engineering solutions

    Read More
  • L&T’s buildings & factories vertical bags order from Brigade Group
    21st Mar 2025, 14:52 PM

    The order is for construct residential and commercial towers in Hyderabad and Chennai

    Read More
  • L&T’s division inks pact with ACWA Power to build Ras Mohaisen Desalination plant
    13th Mar 2025, 14:09 PM

    The project’s scope includes design, procurement, construction, testing and commissioning of a seawater reverse osmosis desalination plant

    Read More
  • L&T bags orders for Building & Factories vertical
    5th Mar 2025, 12:51 PM

    In Mumbai, the project comprises 2 Ultra Luxury Highrise Towers reaching heights of up to 273 meters with configurations of 3B+G+7P+51/57 floors

    Read More
  • Larsen & Toubro bag orders for power transmission & distribution vertical
    3rd Mar 2025, 16:30 PM

    In India, it has bagged an order to implement 765kV and 400kV transmission line segments associated with a Renewable Energy Zone in Uttar Pradesh

    Read More
  • L&T’s Minerals & Metals Business secures order from Hindalco
    20th Feb 2025, 15:30 PM

    The scope of work includes engineering, procurement, construction & installation

    Read More
  • L&T acquires balance 26% stake in LTSSHF from NPCIL
    18th Feb 2025, 18:37 PM

    With this acquisition, it will become a wholly owned subsidiary of the company

    Read More
  • Larsen & Toubro inks MoU with Rafael
    17th Feb 2025, 16:52 PM

    L&T and Rafael have signed MoU to jointly offer TROPHY APS for Indian Defence Platforms

    Read More
  • L&T’s minerals & metals vertical secures order in MENA region
    4th Feb 2025, 11:58 AM

    The estimated project cost is between range of Rs 5000 crore to Rs 10000 crore

    Read More
  • L&T reports 11% rise in Q3 consolidated net profit
    30th Jan 2025, 18:35 PM

    Total consolidated income of the company increased by 17.28% at Rs 65635.65 crore for Q3FY25

    Read More
  • Larsen & Toubro - Quarterly Results
    30th Jan 2025, 16:25 PM

    Read More
  • L&T’s minerals and metals vertical secures order in GCC region
    30th Jan 2025, 12:17 PM

    The scope of work involves EPCC of freight handling facilities with advanced automation and control

    Read More
  • L&T bags order to build 10-Megawatt AI-enabled data centre
    28th Jan 2025, 12:44 PM

    The project will set new standards for data centre infrastructure in the region and is valued in the range of Rs 1000 crore to Rs 2500 crore

    Read More
  • L&T’s renewables business vertical selected as preferred EPC Contractor by Masdar
    27th Jan 2025, 10:51 AM

    The project will constitute a north site and a south site, amounting to 2.6GW and 9.5GWh PV capacity each

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.