Larsen & Toubro
Market cap ₹5.06 L Cr
- P/E
- 30.53
- Day range
- ₹3,615.10 – ₹3,684.00
- 52-week range
- ₹3,288.10 – ₹4,440.00
- Volume
- 11.44 L
- Open
- ₹3,642.20
- Prev close
- ₹3,647.00
Latest results · Q1 FY27(consolidated)Revenue ₹67,942 Cr+6.7%Profit ₹4,988 Cr+15.5%Margin 7.3%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
LT in NSE indices and F&O
F&O margin for one lot of LT (175 shares)Research profile
Composite 53 / 100Factor percentiles
Derived metrics
- Earn. yield
- 3.3%
- Graham no.
- ₹1,518.81
- vs Graham
- -58.7%
- ROE ÷ P/B
- 4.0%
- 12-1 mom.
- +3.3%
- Return / vol
- -0.11
- Magic Formula
- #348
- FCF yield
- 2.4%
Appears in 9 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 188 in Infra| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Larsen & ToubroLT | ₹5.06 L Cr | 30.53 | 4.59 | 18.3% | 15.0% | 12.0% | 1.15 | +6.7% |
| Adani PortsADANIPORTS | ₹4.04 L Cr | 29.91 | 4.09 | 16.2% | 14.0% | 58.0% | 0.66 | +18.6% |
| Adani EnterprisesADANIENT | ₹3.40 L Cr | 40.43 | 3.95 | 15.2% | 6.0% | 15.0% | 1.32 | +49.9% |
| UltraTech CementULTRACEMCO | ₹3.29 L Cr | 38.53 | 4.43 | 11.1% | 13.0% | 16.0% | 0.40 | +18.8% |
| Grasim IndustriesGRASIM | ₹2.00 L Cr | 35.18 | 1.90 | 10.2% | 8.0% | 23.0% | 2.20 | +21.4% |
| InterGlobe AviationINDIGO | ₹1.78 L Cr | 19.88 | 25.27 | -29.3% | 5.0% | 13.0% | 11.15 | +19.9% |
| DLFDLF | ₹1.64 L Cr | 35.92 | 3.57 | 10.0% | 6.0% | 1.8% | 0.01 | -23.3% |
| Tata MotorsTMCV | ₹1.41 L Cr | 33.72 | 9.54 | 26.0% | 36.0% | 10.0% | 0.25 | +36.3% |
| Sector median | ₹12,944 Cr | 32.11 | 4.29 | 15.0% | 17.0% | 15.0% | 0.18 | +20.1% |
Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 20d agoHeadlines about Larsen & Toubro from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 28.8
- EPS (TTM)
- ₹120.54
- Price / Book
- 4.63
- ROE (FY26)
- 18.3%
- ROCE (latest year)
- 15%
- Dividend yield
- 1.03%
Moving averages (NSE)
- 20-day
- ₹3,702.01
- Price below
- 50-day
- ₹3,873.07
- Price below
- 200-day
- ₹3,942.39
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- DII
- Public
- FII
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 13 Jul 2017: earlier bars are per pre-bonus share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51,024 | 55,128 | 67,079 | 55,120 | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 |
| Expenses | 43,984 | 47,929 | 58,426 | 48,074 | 53,638 | 56,770 | 64,516 | 55,655 | 59,470 | 62,259 | 72,343 | 59,793 |
| Operating Profit | 7,040 | 7,199 | 8,653 | 7,046 | 7,917 | 7,898 | 9,876 | 8,024 | 8,513 | 9,190 | 10,419 | 8,149 |
| OPM % | 14% | 13% | 13% | 13% | 13% | 12% | 13% | 13% | 13% | 13% | 13% | 12% |
| Other Income | 1,133 | 838 | 1,135 | 921 | 1,101 | 968 | 1,610 | 1,357 | 1,384 | -350 | 1,647 | 2,377 |
| Interest | 2,272 | 2,344 | 2,345 | 2,292 | 2,439 | 2,486 | 2,419 | 2,488 | 2,470 | 2,399 | 2,488 | 2,571 |
| Depreciation | 910 | 921 | 1,021 | 998 | 1,024 | 1,047 | 1,052 | 1,033 | 1,092 | 1,072 | 1,168 | 1,032 |
| Profit before tax | 4,991 | 4,772 | 6,422 | 4,677 | 5,555 | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | 6,922 |
| Tax % | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% | 26% | 29% | 25% | 28% |
| Net Profit | 3,846 | 3,593 | 5,013 | 3,445 | 4,099 | 3,974 | 6,156 | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 |
| EPS in Rs | ₹23.45 | ₹21.44 | ₹31.98 | ₹20.26 | ₹24.69 | ₹24.43 | ₹39.97 | ₹26.30 | ₹28.54 | ₹23.37 | ₹38.71 | ₹29.97 |
From company filings, updated 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-36 days since Mar 2021
-15 days since Mar 2021
-136 days since Mar 2021
+85 days since Mar 2021
-55 days since Mar 2021
Strengths, risks & growth
Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets. [1]
Strengths
- Company has been maintaining a healthy dividend payout of 33.1%
Risks
- Stock is trading at 4.63 times its book value
Compounded Sales Growth
- 10 Years
- +11%
- 5 Years
- +16%
- 3 Years
- +16%
- TTM
- +10%
Compounded Profit Growth
- 10 Years
- +15%
- 5 Years
- +3%
- 3 Years
- +17%
- TTM
- +13%
Stock Price CAGR
- 10 Years
- +14%
- 5 Years
- +16%
- 3 Years
- +8%
- 1 Year
- -6%
Return on Equity
- 10 Years
- +15%
- 5 Years
- +14%
- 3 Years
- +16%
- Last Year
- +16%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| FII | 20.06% | 18.78% | 19.13% | 19.22% | +0.09 pp |
| DII | 42.99% | 43.32% | 43.01% | 42.85% | -0.16 pp |
| Government | 0.24% | 0.25% | 0.25% | 0.26% | +0.01 pp |
| Public | 36.69% | 37.64% | 37.60% | 37.66% | +0.06 pp |
Filed with NSE for Sept 2026: promoters 0.00%, public 100.00% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 19.39% (-0.71 pp)- Promoters0.0%
- Foreign institutions19.2%
- Mutual funds19.4%
- Insurance19.3%
- Other domestic institutions4.2%
- Retail19.0%
- Others19.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Flexi Cap Fund | 0.67% | 3.08% | -0.38 pp |
| ICICI Pru Large Cap Fund | 0.58% | 3.82% | -0.74 pp |
| SBI Large Cap Fund | 0.56% | 5.31% | -0.26 pp |
| HDFC Balanced Advantage Fund | 0.54% | 2.52% | -0.04 pp |
| SBI Aggressive Hybrid Fund | 0.39% | 2.25% | -0.24 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 24.7%
- Downside volatility
- 25.1%
- Worst 5% of days
- 2.5%
- Average of that tail
- 3.8%
- Max drawdown (1Y)
- 24.3%
- Below its peak
- 17.5%
Against the market
- Beta vs Nifty 50
- 1.38
- Correlation
- 0.75
- Relative strength (3M)
- +1.5%
- ATR (14)
- 2.0%
Return
- Return 1M
- -5.7%
- Return 3M
- -3.8%
- Return 6M
- -9.3%
- Return 1Y
- -2.6%
- vs 200-day average
- -7.5%
Momentum
- RSI (14)
- 40.1
- MACD histogram
- 4.01
- Stochastic %K
- 29.9
- ADX (14)
- 33.9
- +DI / −DI
- 8.3 / 19.4
- Money flow index
- 29.4
Participation
- Delivery (20d avg)
- 58.6%
- vs its 60-day baseline
- +0.9 pts
- Volume vs 20-day
- +0.3σ
- Close vs day's VWAP
- +0.6%
- 52-week position
- 28 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- Free cash flow
- ₹11,932 Cr
- FCF yield
- 2.4%
- Cash conversion
- 0.88
- Accruals ratio
- 0.005
- Net debt
- ₹1.10 L Cr
- Net debt / equity
- 1.01
- EV / sales
- 2.11
- Capex intensity
- 1.7%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹3,666.34
+0.5%
Upper edge (90th percentile)
₹3,780.28
+3.7%
The marker is the last close, ₹3,647. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹3,702.64 (+1.5%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Corporate actions
- dividend₹38.00
Dividend - Rs 38 Per Share
22 May 2026ex-date - dividend₹34.00
Dividend - Rs 34 Per Share
3 Jun 2025ex-date - dividend₹28.00
Dividend - Rs 28 Per Share
20 Jun 2024ex-date - buybackNot available — not reported in this filing
Buy Back
12 Sept 2023ex-date - dividend₹6.00
Special Dividend - Rs 6 Per Share
2 Aug 2023ex-date - dividend₹24.00
Dividend - Rs 24 Per Share
2 Aug 2023ex-date - dividend₹22.00
Dividend - Rs 22 Per Share
21 Jul 2022ex-date - dividend₹18.00
Annual General Meeting/Dividend - Rs 18 Per Share
28 Jul 2021ex-date - dividend₹18.00
Special Dividend - Rs 18 Per Share
4 Nov 2020ex-date - dividend₹8.00
Annual General Meeting/Dividend - Rs 8 Per Share
5 Aug 2020ex-date - dividend₹10.00
Interim Dividend - Rs 10 Per Share
24 Mar 2020ex-date - dividend₹18.00
Annual General Meeting/Dividend - Rs 18 Per Share
24 Jul 2019ex-date - buybackNot available — not reported in this filing
Buyback
12 Oct 2018ex-date - dividend₹16.00
Annual General Meeting/Dividend- Rs 16 Per Share
14 Aug 2018ex-date - dividend₹14.00
Annual General Meeting/Dividend - Rs 14/- Per Share
11 Aug 2017ex-date - bonusNot available — not reported in this filing
Bonus 1:2
13 Jul 2017ex-date - dividend₹18.25
Dividend - Rs 18.25/- Per Share
18 Aug 2016ex-date - dividend₹16.25
Annual General Meeting/ Dividend - Rs 16.25/- Per Share
1 Sept 2015ex-date - dividend₹14.25
Annual General Meeting / Dividend - Rs 14.25/- Per Share
13 Aug 2014ex-date - dividend₹12.33
Annual General Meeting / Dividend - Rs 12.33/- Per Share
13 Aug 2013ex-date
Company announcements
L&T Wins Orders (Large*) in New Delhi and Andhra Pradesh
L&T Commences Initial Activities for New Tashkent International Airport (Ultra-mega*) Project
Schedule of Analyst / Institutional Investors' Meet
Larsen & Toubro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve unaudited financial results ....
Certificate in terms of regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Changes in Senior Management
Disclosure pursuant to Paragraph 9.1(a) of the Chapter VIII of SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15,2025
L&T Energy CarbonLite Solutions Secures LNTP for 1,600 MW Thermal Power Plant (Major*) Order
L&T Wins Orders (Mega*) for Power Transmission & Distribution Business
Disposal of stake held by the Company in L&T Metro Rail (Hyderabad) Limited - Extension of timeline of completion
L&T Transportation Infrastructure Vertical Secures Twin Contracts in Dubai
Intimation of closure of Trading Window
L&T Semiconductor Technologies Unveils 40 Products at SEMICON 2026 Marks a major milestone with its first silicon carbide chips
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Credit Rating
Schedule of Analyst / Institutional Investors' Meet
Filed with BSE (scrip 500510); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Buybacks, open offers & rights issues
- Buyback
Larsen & Toubro Limited
28 Aug 2023Read on SEBI - Buyback - Draft Letter of Offer
Larsen & Toubro Limited - Draft Letter of Offer
10 Oct 2018Read on SEBI - Open offer
Larsen & Toubro Limited
30 Apr 2003Read on SEBI - Open offer - Form of Acceptance
Larsen & Toubro Limited - Form of Acceptance
30 Apr 2003Read on SEBI - Open offer
Larsen & Toubro Limited
16 Oct 2002Read on SEBI
Regulatory orders
- Order
Order against Larsen & Toubro Limited
25 Aug 2004Read on SEBI
Documents
Annual reports
Earnings calls
- Jul 2026TranscriptSlidesRecording
- May 2026TranscriptSlides
- Jan 2026TranscriptSlidesRecording
- Oct 2025TranscriptSlidesRecording
- Jul 2025TranscriptSlidesRecording
- May 2025TranscriptSlides
Credit ratings
- Rating update · 3 Sep from crisil
- Rating update · 1 Sep from fitch
- Rating update · 30 Jun from crisil
- Rating update · 27 May from icra
- Rating update · 28 Apr from crisil
- Rating update · 10 Dec 2025 from fitch
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 28 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Larsen & Toubro: common questions
Answered from the figures on this page.
