Larsen & Toubro

₹4,110As of Sun 8 Nov 2026, 12:00 UTC
NSE:LTIndustrials
Country India
PE (Fwd) 29.07
TSR 10Y CAGR 16.98%
Div yield 0.92%
ROE —
Engineering & Construction
Beta (5Y) 0.49
PE TTM 35.17
TSR TTM 2.96%
Mkt cap ₹5.742T
ROIC —
SE Grade™
Value
Quality
Moat
1Y Price
Reference
₹4,571
11.22%
(55.67%)
Price above Reference Value
FY23
FY24
FY25
FY26
Earnings per share₹
74.45
93.88
109.36
104.36
20.76%
26.10%
16.49%
(4.57%)
Revenue₹B
1,862
2,252
2,598
2,916
17.29%
20.94%
15.37%
12.24%
TTM
FYE 31 Mar INR
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
FY2027E
Trend
5Y
10Y
Peers
2,916
Revenue₹B
—
—
—
—
—
1,588
1,862
2,252
2,598
2,916
3,221
16.42%
16.42%
63
12.24
Revenue growth%
—
—
—
—
—
—
17.29
20.94
15.37
12.24
10.44
16.33
—
77
36.91
Gross margin%
—
—
—
—
—
38.66
39.10
37.29
36.57
36.91
36.92
37.29
37.29
80
10.48
Operating margin%
—
—
—
—
—
11.03
10.87
10.61
10.17
10.48
10.47
10.61
10.61
80
5.52
Net margin%
—
—
—
—
—
5.46
5.62
5.80
5.79
5.52
5.52
5.62
5.62
63
35.17
P/E ratio (avg)x
—
—
—
—
—
27.17
25.74
32.03
32.95
32.09
31.81
32.03
32.03
10
18.51
EV/EBITx
—
—
—
—
—
13.45
13.32
17.50
18.76
16.89
16.77
16.89
16.89
37
—
FCF yield (avg)%
—
—
—
—
—
—
—
—
—
—
—
—
—
20
—
FCF margin%
—
—
—
—
—
—
—
—
—
—
—
—
—
40
—
FCF / Net incomex
—
—
—
—
—
—
—
—
—
—
—
—
—
37
—
ROIC%
—
—
—
—
—
—
—
—
—
—
—
—
—
80
—
Return on equity%
—
—
—
—
—
—
—
—
—
—
—
—
—
75
—
Return on assets%
—
—
—
—
—
—
—
—
—
—
—
—
—
79
116.88
EPS₹
—
—
—
—
—
61.65
74.45
93.88
109.28
116.88
129.20
17.34%
17.34%
—
6.95
EPS growth%
—
—
—
—
—
—
20.77
26.10
16.40
6.95
10.55
18.58
—
41
—
Bookvalue per sh₹
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
FCF per share₹
—
—
—
—
—
—
—
—
—
—
—
—
—
—
38.00
Dividend per sh₹
—
—
—
—
—
22.00
24.00
28.00
34.00
38.00
40.19
14.64%
14.64%
—
0.92
Div yield (avg)%
—
—
—
—
—
1.31
1.25
0.93
0.94
1.01
0.98
1.01
1.01
21
36.41
Payout ratio%
—
—
—
—
—
35.69
32.24
29.83
31.09
36.41
31.11
32.24
32.24
32
1.376
Shares (diluted)B
◇—
—
—
—
—
1.406
1.406
1.391
1.376
1.376
◌1.376
(0.54%)
(0.54%)
40
(0.01)
Buyback yield%
—
—
—
—
—
—
(0.01)
1.09
1.08
(0.01)
◌—
0.54
—
40
—
D/E ratiox
—
—
—
—
—
—
—
—
—
—
—
—
—
53
5,656
Enterprise value₹B
—
—
—
—
—
2,355
2,695
4,183
4,955
5,162
5,656
21.67%
21.67%
73
—
LT debt₹M
—
—
—
—
—
—
—
—
—
—
—
—
—
63
Peers (US$60.34B)
Cap (US$)
PE
39.00B
41.63x
23.31B
38.50x
4.293B
44.96x
69.44B
12.37x
Capital
TTM
5Y
10Y
Leveragex
—
—
—
EBIT/Intx
10.73
6.759
6.759
Own earn%
—
—
—
Sh yield%
0.92
1.63
1.63
Owners
Insiders/Inst%
0.08
53.24
Short interest%
—
SBC / revenue%
0.03
Record
10Y
Profitable years
5/5
Revenue growth years
4/4
EPS growth years
4/4
Dividend streakyrs
1
Op margin range%
10–11
$1 testx
—
Incr. ROIC%
—

Larsen & Toubro Limited provides engineering, procurement and construction projects in India and internationally across infrastructure and energy, covering oil and gas, refineries, petrochemicals and offshore wind. It also manufactures critical equipment for process plants, nuclear and green hydrogen sectors, marine, land and aerospace systems, and electrolysers, and has realty and construction equipment businesses.

Growth vs revenue
Latest
Trend
4Y CAGR
Rel growth
Revenue
₹2.916T
16.42%
1.00×
Cost of revenue
₹1.840T
17.24%
1.03×
Operating expenses
₹770.7B
15.14%
0.96×
Revenue by region
No breakdown available
Reinvestment returns
n/m
Trend
Reinvestment rate
n/m
-
Return on capital
n/m
-
Spread over hurdle
n/m
-