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Larsen & Toubro Ltd

₹ 3,984-0.11%
04 Dec – close price
🔗larsentoubro.com•BSE: 500510•NSE: LT
Market Cap₹ 5,47,976 Cr.
Current Price₹ 3,984
High / Low₹ 4,140
Stock P/E53.5
Book Value₹ 494
Dividend Yield0.85 %
ROCE18.5 %
ROE17.1 %
Face Value₹ 2.00
Sales₹ 1,45,899 Cr.
OPM7.78 %
Mar Cap₹ 5,47,976 Cr.

ABOUT

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]

KEY POINTS

Business segments[1]

Also present in buckets:
Aggressive Growth Triggers

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro3983.6053.48547976.400.85-3591.17-39.0235115.740.5618.54145899.427.7810246.721212.438.076.430.27
2.Rail Vikas312.4057.3665125.580.55230.52-19.735122.975.5214.7220026.004.701135.41230.296.816.400.52
3.NBCC112.5245.4930380.400.60156.6925.712910.2018.9933.1712751.715.04667.83153.5211.374.680.00
4.IRB Infra.Devl.43.0129.6725973.740.70140.8241.001751.0210.427.828024.6748.08875.41140.821.272.011.02
5.Kalpataru Proj.1169.2024.3219966.730.77237.3991.276528.5732.4315.9525498.998.25821.04240.052.872.360.69
6.KEC International713.6027.8118996.030.77160.7588.216091.5619.1317.9823335.947.26683.11160.753.372.750.94
7.Afcons Infrastr.400.3029.3014715.110.62105.08-22.422988.390.9719.5912793.1411.12502.26105.082.732.940.66
–Median: 118 Co.140.3118.86602.830.09.1823.8149.5710.7318.43510.6712.7928.449.162.136.850.44

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
25,77027,78536,73426,93128,15131,60139,55130,27734,91934,98442,32933,47135,116
Expenses
23,86225,46933,21025,05726,23029,14236,06328,28131,96732,10138,57131,08032,796
Operating Profit
1,9082,3173,5241,8731,9212,4593,4881,9962,9522,8833,7582,3912,320
Other Income
1,5548331,0801,2562,2361,2261,0692,4468311,1951,6712,606-4,339
Profit before tax
2,5462,3073,7132,2043,1572,6163,3933,3942,6953,0474,4394,040-2,982
Tax %
17%21%19%19%14%18%20%13%26%21%21%14%20%
Net Profit
2,1091,8253,0031,7922,7102,1362,7152,9691,9882,4043,5093,485-3,591
EPS in Rs
15.0112.9921.3712.7519.7215.5419.7521.6014.4617.4925.5225.34-26.11

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
56,52556,94263,17765,72474,46382,28782,38487,255101,000110,501126,233142,509145,899
Expenses
49,72550,29357,00459,18666,67874,54575,44478,86991,867100,527116,423129,211134,548
Operating Profit
6,7996,6486,1736,5387,7847,7426,9408,3879,1339,9749,81113,29811,351
Other Income
2,4692,6412,7662,8092,0434,8974,0739,1923,8803,4325,7784,5211,133
Interest
1,2081,5791,6861,3741,5161,8772,3682,4591,8322,2012,4872,2821,996
Depreciation
7921,0089971,2151,0491,0001,0211,1511,1721,3721,7531,9631,945
Profit before tax
7,2686,7016,2566,7587,2629,7637,62413,96910,0099,83311,34813,5748,544
Net Profit
5,4935,0565,0005,4545,3877,4916,67911,7987,8797,8499,33110,8715,808
EPS in Rs
39.5136.2635.7838.9738.4453.4147.5884.0056.0855.8567.8879.0542.24
Dividend Payout %
24%30%34%24%42%34%38%43%39%43%50%43%–

Compounded Sales Growth

10 Years:10%
5 Years:12%
3 Years:12%
TTM:7%

Compounded Profit Growth

10 Years:10%
5 Years:13%
3 Years:17%
TTM:5%

Stock Price CAGR

10 Years:16%
5 Years:28%
3 Years:24%
1 Year:4%

Return on Equity

10 Years:14%
5 Years:15%
3 Years:14%
Last Year:17%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
185186186187280281281281281281275275275
Reserves
33,47636,89941,94945,82648,89449,76851,89561,45766,83371,24764,24171,62167,650
Borrowings
11,45912,93713,92410,55810,56111,99025,94224,66420,47718,33922,81222,29518,342
Other Liabilities
33,18436,88343,56145,66755,87162,62263,43973,51380,91282,55888,43692,22596,824
Total Liabilities
78,30586,90499,621102,238115,607124,660141,557159,916168,502172,424175,764186,416183,091
Fixed Assets
7,6757,4877,2687,0456,9418,5927,8409,1659,1139,75611,11911,25411,418
Gross Block
11,66312,2908,3699,40910,28313,16312,66515,21816,04617,75020,52222,234–
Accumulated Depreciation
3,9854,8001,1002,3653,3424,5714,8256,0536,9337,9949,40310,980–
CWIP
5624944125046537397972875831,9551,4241,1392,003
Investments
19,21523,05324,43826,75927,33922,90434,03449,41445,52847,26147,46357,64250,638
Other Assets
50,85355,86967,50267,93180,67492,42598,885101,050113,279113,452115,759116,381119,032
Total Assets
78,30586,90499,621102,238115,607124,660141,557159,916168,502172,424175,764186,416183,091

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1,0473,1183,3005,9802,9522,556-1219,5615,9997,2648,29712,724
Cash from Investing Activity
-1,214-1,884-1,522-461,7871,585-6,834-2,7804,555-1,7386,362-6,356
Cash from Financing Activity
504-1,437-2,464-6,073-3,489-4,6067,419-6,698-8,360-7,441-14,522-6,725
Net Cash Flow
337-203-687-1401,250-464464822,193-1,916137-357

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
13914811011111212512413913111010798
Inventory Days
303326243035292926252320
Days Payable
247275296324370378383405384309265224
Cash Conversion Cycle
-78-94-160-190-228-218-230-237-226-174-135-106
Working Capital Days
4563586151381934342511-2
ROCE %
18%16%13%13%14%16%13%12%13%14%15%19%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
––––––––––––
FIIs
23.29%24.48%25.29%25.72%25.50%24.36%22.85%21.72%20.83%19.80%19.33%19.48%
DIIs
39.76%38.64%38.01%37.16%37.34%38.08%38.89%40.44%41.71%42.71%43.48%43.34%
Public
36.70%36.65%36.47%36.89%36.93%37.33%38.01%37.60%37.21%37.25%36.95%36.92%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Larsen & Toubro to Participate in Analyst Meet Organized by Morgan Stanley- [BSE]

2nd December 2025, 9:49 AM

Larsen & Toubro and BAE Systems Secure Indian Army Licensed Manufacturing Contract for BvS10 Sindhu Vehicles

19th November 2025, 2:56 PM

Larsen & Toubro to Participate in CLSA Investor Meet on November 16, 2025; No Price-Sensitive Information to be Shared

13th November 2025, 10:31 AM

Larsen & Toubro Schedules Investor Meetings for November and December 2025

12th November 2025, 6:56 PM

Larsen & Toubro Opens Special Window for Re-lodging Physical Share Transfer Requests

10th November 2025, 7:43 PM

Published by Other Websites

External media mentions & references

Nifty may march towards 26200 in short-term; analysts bet on HCL Tech, IndusInd Bank, Adani Ports, Hindustan Copper

4th December 2025, 10:29 AM

E2E Networks starts work on ₹177 cr IndiaAI Mission order, to go live by Jan 2026

4th December 2025, 10:29 AM

The metro boom: 4 Construction giants winning the race to go underground

4th December 2025, 12:38 AM

Stock Market closing on December 3: Sensex and Nifty close flat - What's influencing the market?

3rd December 2025, 11:58 AM

Jefferies’ new capex playbook: Defence spend soars 68% – Stocks poised for up to 38% upside

3rd December 2025, 9:04 AM

News Articles

Editorial & research coverage

Nifty may march towards 26200 in short-term; analysts bet on HCL Tech, IndusInd Bank, Adani Ports, Hindustan Copper
Nifty may march towards 26200 in short-term; analysts bet on HCL Tech, IndusInd Bank, Adani Ports, Hindustan Copper

4th December 2025, 10:29 AM

The metro boom: 4 Construction giants winning the race to go underground
The metro boom: 4 Construction giants winning the race to go underground

4th December 2025, 12:38 AM

Putin's visit to boost Make in India defence production; discussions on to make air defence systems and next-gen fighter aircraft in India
Putin's visit to boost Make in India defence production; discussions on to make air defence systems and next-gen fighter aircraft in India

3rd December 2025, 8:31 AM

Govt needs long-term framework to attract global capital in green hydrogen: L&T
Govt needs long-term framework to attract global capital in green hydrogen: L&T

2nd December 2025, 3:15 PM

SBI Large Cap vs ICICI Prudential Large Cap: Which fund has delivered better long-term SIP and lump-sum returns?
SBI Large Cap vs ICICI Prudential Large Cap: Which fund has delivered better long-term SIP and lump-sum returns?

1st December 2025, 3:44 PM

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

2d - Participating in Morgan Stanley Virtual India Industrials & Energy seminar on 10 December 2025 at 10:00 AM (virtual).

Announcement under Regulation 30 (LODR)-Press Release / Media Release

19 Nov - L&T and BAE secure Indian Army licensed BvS10 manufacturing contract; production at Hazira; includes logistics support.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

13 Nov - Meeting with investors by CLSA on 16 Nov 2025 in Mumbai; no unpublished information.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

12 Nov - Investor meetings in Mumbai: 18 Nov 2025 (Goldman Sachs India CIO tour) and 1 Dec 2025 (Macquarie-arranged).

Announcement under Regulation 30 (LODR)-Newspaper Publication

10 Nov - Newspaper advertisement - Public Notice to Shareholders - Special Window for re-lodgment of Transfer requests of Physical Shares in reference to SEBI Circular dated July …

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

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Financial Year 2022

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Financial Year 2021

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Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2017

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Financial Year 2016

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Financial Year 2015

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Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

8 Oct from crisil

Rating update

7 Oct from icra

Rating update

1 Jul from crisil

Rating update

29 May from icra

Rating update

16 May from crisil

Rating update

28 Jan from crisil

Concalls

Oct 2025

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