L. T. Elevator Ltd

🚀 L&T Elevator & Ricardo Merger: ₹289 Cr Order Book & 5x Growth Plans

- Ricardo Elevators (merging with L&T) specializes in D2C home elevators, a high-growth niche.

- Ricardo has 18+ experience centers and generates ~2,000 monthly enquiries (2% conversion rate).

- Current monthly order booking: ₹6 Cr; standalone order book: ₹45 Cr+.

- Combined post-merger order book: ₹289 Cr (90% executable within 18 months).

- New manufacturing facility in development, targeting 5x current capacity (Go Live: Q4 FY27).

- Goal: 15% market share in home elevator segment by 2030.

- Merger synergies: L&T’s engineering + Ricardo’s D2C digital-first distribution.