



Construction | Large Cap
Larsen & Toubro Ltd shows a strong financial picture primarily driven by excellent growth and profitability. The company is rapidly expanding its revenue and profits, indicating strong market demand and successful business execution. It also maintains a comfortable position in covering its debt obligations. Key strengths are evident in its high profitability margins and robust growth in earnings, which translates to generous dividend payments for shareholders. However, the company exhibits weaknesses in operational efficiency, struggling to effectively use its assets to generate sales. Furthermore, its short-term liquidity position appears constrained, indicating potential challenges in meeting immediate financial obligations with readily available cash. While the growth story is compelling, these operational and liquidity concerns represent notable risks.
Larsen & Toubro Ltd shows a strong financial picture primarily driven by excellent growth and profitability. The company is rapidly expanding its revenue and profits, indicating strong market demand and successful business execution. It also maintains a comfortable position in covering its debt obligations. Key strengths are evident in its high profitability margins and robust growth in earnings, which translates to generous dividend payments for shareholders. However, the company exhibits weaknesses in operational efficiency, struggling to effectively use its assets to generate sales. Furthermore, its short-term liquidity position appears constrained, indicating potential challenges in meeting immediate financial obligations with readily available cash. While the growth story is compelling, these operational and liquidity concerns represent notable risks.
Overall Valuation Score
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P/E RATIO (TTM)
44.02
Industry Median
9.06
Large Cap Median
31.82
P/E RATIO
31.82
P/B RATIO
4.90
Industry Median
1.30
Large Cap Median
4.90
P/S RATIO
47.34
Industry Median
1.06
Large Cap Median
47.34
Others
PEG RATIO
3.27
EV/EBITDA RATIO
14.72
The company is on an excellent growth trajectory, showcasing robust expansion across key financial metrics. Revenue, operating profit, and net income have all seen very strong growth, pointing to high market demand and effective strategic execution. This impressive performance translates directly into increased value for shareholders. The only point of caution is that this growth has been achieved without a corresponding expansion of the company's asset base, which could raise questions about future scalability.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 15.11 | 17.14 | 20.6 | 15.66 | 11.79 |
| Operating Profit Growth Rate | 3.64 | 11.73 | 5.86 | 19.71 | 2.86 |
| Earnings Per Share (EPS) Growth | -25.18 | 20.75 | 27.52 | 15.11 | 6.92 |
| Asset Growth Rate | |||||
| Net Income Growth Rate | -19.36 | 20.27 | 24.07 | 13.67 | 7.25 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | LT | 5.79 | 31.82 | Overvalued | 35411.00 | 45.70 | 18954.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Concall Report⬤11th May 26
Q4 FY26 Earnings Conference Call
UNDEFINED SENTIMENT
No Stock News Available at This Moment.
Larsen & Toubro (L&T) is an Indian multinational conglomerate, a leader in engineering, procurement, and construction (EPC) solutions. It operates across infrastructure, power, defence, heavy engineering, and IT & financial services. Recognized for its nation-building contributions, L&T holds a dominant market position in various industrial and infrastructure segments, driving significant economic development in India and abroad.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Larsen & Toubro Ltd's P/E ratio (TTM) is 44.02, compared to the industry median of 9.06 and large cap median of 31.82.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Larsen & Toubro Ltd's P/B ratio is 4.90, compared to the industry median of 1.30 and large cap median of 4.90.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Larsen & Toubro Ltd's P/S ratio is 47.34, compared to the industry median of 1.06 and large cap median of 47.34.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Larsen & Toubro Ltd's PEG ratio is 3.27.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Larsen & Toubro Ltd's EV/EBITDA ratio is 14.72.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Larsen & Toubro Ltd's ROE is N/A.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Larsen & Toubro Ltd's ROA is N/A.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Larsen & Toubro Ltd's ROCE is 15%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Larsen & Toubro Ltd's operating margin is 12.39%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Larsen & Toubro Ltd's net margin is 6.63%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Larsen & Toubro Ltd's current ratio is N/A.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Larsen & Toubro Ltd's debt-to-equity ratio is N/A.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Larsen & Toubro Ltd's interest coverage ratio is 3.58.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Larsen & Toubro Ltd's DPS is ₹37.41.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Larsen & Toubro Ltd's EPS is 6.92.
(Source line: "Ratios as of 03 Jun 2026, based on last traded price of ₹N/A. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1938
Headquarters: Mumbai, Maharashtra
Core Offerings: Infrastructure Projects, Power & Energy, Hi-Tech Manufacturing, IT & Technology Services, Financial Services
Stock Listing: NSE (LT), BSE (500510)
Promoter: Larsen & Toubro Employees' Trust (Professionally managed company)
1938: Founded by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro. 1940s: Begins Indian operations, initially representing European manufacturers. 1950s: Establishes manufacturing facilities in India, diversifying into engineering and construction. 1970s-1990s: Expands into new sectors like cement, petrochemicals, IT, and financial services. 2000s-Present: Focuses on core EPC businesses, divests non-core assets, and expands global footprint, solidifying its position as an infrastructure and technology leader.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Infrastructure Projects | ~73% | Operating Profit |
| Energy Projects | ~7% | Operating Profit |
| Hi-Tech Manufacturing | ~5% | Operating Profit |
| IT & Technology Services | ~13% | Higher margins than EPC |
| Financial Services | ~2% | Stable margins |
Infrastructure Projects: Designs and constructs large-scale infrastructure projects including roads, metro rail, power transmission & distribution, water treatment plants, and ports across India and internationally.
Energy Projects: Engages in engineering, procurement, and construction (EPC) for the hydrocarbon, power, and renewable energy sectors, covering oil & gas, thermal, solar, and nuclear power projects.
Hi-Tech Manufacturing: Manufactures critical equipment and systems for defence, aerospace, nuclear, and industrial sectors, including specialized fabrication and modular solutions.
IT & Technology Services: Provides comprehensive IT services, engineering R&D services, and digital solutions globally through its listed subsidiaries, LTI Mindtree and L&T Technology Services.
S. N. Subrahmanyan (SNS), Chairman & Managing Director. A veteran at L&T with over three decades of experience, he became MD & CEO in 2017 and was elevated to Chairman & MD in 2023, steering the company's strategic growth and diversification.
LTI Mindtree Limited
L&T Technology Services Limited
L&T Finance Holdings Limited
L&T Energy Hydrocarbon
L&T Realty Limited
Major share buyback of ₹10,000 crore completed in 2023.
The Larsen & Toubro Ltd share price today is ₹N/A on NSE (LT), as of 26 Aug 2026.
As of 03 Jun 2026, Larsen & Toubro Ltd share price is ₹N/A, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Larsen & Toubro Ltd's market cap is ₹5,80,062 crore (Large Cap).
Larsen & Toubro Ltd's current P/E ratio is 44.02, compared to the Construction & Engineering (Infrastructure) sector average of 33.20.
Larsen & Toubro Ltd's current P/B ratio is 4.90.
Larsen & Toubro Ltd's current dividend yield is N/A. Last dividend of ₹28.00 per share was declared on 24-Apr-2024 (Recommended for FY24).
Larsen & Toubro Ltd's EPS (TTM) is ₹6.92.
Larsen & Toubro (L&T) is an Indian multinational conglomerate, a leader in engineering, procurement, and construction (EPC) solutions. It operates across infrastructure, power, defence, heavy engineering, and IT & financial services. Recognized for its nation-building contributions, L&T holds a dominant market position in various industrial and infrastructure segments, driving significant economic development in India and abroad.
Larsen & Toubro Ltd is promoted by Larsen & Toubro Employees' Trust (Professionally managed company), holding 0% as of 03 Jun 2026.
Larsen & Toubro Ltd is listed on NSE (LT) and BSE (500510). Its next quarterly results are expected on Late July / Early August 2024 (for Q1 FY25).