Larsen & Toubro Limited LT NIFTY50NSEAIINFRA
Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The company operates through four segments: Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, and Others. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission & distribution, renewables, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in clean energy space, oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems; and electrolysers. The other segment engages in realty; smart infrastructure and communication projects; construction equipment; and industrial product design development, including marketing and servicing of construction equipment, mining machinery and parts thereof, manufacture and sale of rubber processing machinery, and ecommerce/digital platforms and data centers. It has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. The company was founded in 1938 and is headquartered in Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 16.1% over 5 years.
- Profit CAGR of 15.4% over 5 years.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 2 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 3 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 4 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 5 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 6 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 7 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 8 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,844.00 | 81.30 | ₹1.37 L Cr | 0.39% | 16.46% | - | 3.04% | 10.90% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 64,667.78 Cr | 74,392.28 Cr | 63,678.92 Cr | 71,449.70 Cr | 82,762.16 Cr |
| Cost of Revenue | - | 43,615.21 Cr | 50,738.65 Cr | 41,937.17 Cr | 48,062.01 Cr | 57,542.09 Cr |
| Gross Profit | - | 21,052.57 Cr | 23,653.63 Cr | 21,741.75 Cr | 23,387.69 Cr | 25,220.07 Cr |
| Operating Expenses | - | 15,844.70 Cr | 16,503.51 Cr | 16,457.39 Cr | 17,042.62 Cr | 17,777.76 Cr |
| Operating Income | - | 5,207.87 Cr | 7,150.12 Cr | 5,284.36 Cr | 6,345.07 Cr | 7,442.31 Cr |
| EBITDA | - | 7,222.74 Cr | 9,812.37 Cr | 7,674.44 Cr | 8,857.85 Cr | 10,257.50 Cr |
| Interest Expense | - | 842.71 Cr | 745.93 Cr | 781.61 Cr | 625.13 Cr | 679.27 Cr |
| Pretax Income | - | 5,333.03 Cr | 8,014.02 Cr | 5,859.53 Cr | 7,160.98 Cr | 8,410.28 Cr |
| Tax Provision | - | 1,332.00 Cr | 1,880.58 Cr | 1,533.96 Cr | 1,987.99 Cr | 2,092.75 Cr |
| Net Income | - | 3,358.84 Cr | 5,497.26 Cr | 3,617.19 Cr | 3,215.11 Cr | 5,325.60 Cr |
| Diluted EPS | - | 24.41 | 39.95 | 26.29 | 23.36 | 38.70 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 1.82 L Cr | 2.19 L Cr | 2.54 L Cr | 2.84 L Cr |
| Cost of Revenue | - | 1.17 L Cr | 1.46 L Cr | 1.71 L Cr | 1.93 L Cr |
| Gross Profit | - | 65,046.15 Cr | 72,903.31 Cr | 83,039.76 Cr | 91,176.35 Cr |
| Operating Expenses | - | 45,544.67 Cr | 51,172.23 Cr | 56,561.81 Cr | 64,105.78 Cr |
| Operating Income | - | 19,501.48 Cr | 21,731.08 Cr | 26,477.95 Cr | 27,070.57 Cr |
| EBITDA | - | 23,670.91 Cr | 27,728.32 Cr | 31,007.85 Cr | 33,167.45 Cr |
| Interest Expense | - | 3,177.68 Cr | 3,536.51 Cr | 3,330.84 Cr | 2,846.92 Cr |
| Pretax Income | - | 17,109.03 Cr | 20,517.11 Cr | 23,578.79 Cr | 25,975.81 Cr |
| Tax Provision | - | 4,484.16 Cr | 4,947.39 Cr | 5,891.40 Cr | 6,816.41 Cr |
| Net Income | - | 10,470.72 Cr | 13,059.11 Cr | 15,037.11 Cr | 16,083.99 Cr |
| Diluted EPS | - | 74.45 | 93.88 | 109.28 | 116.88 |
Compounded Sales Growth
| 5 Years: | 16.09% |
| 1 Year: | 11.70% |
Compounded Profit Growth
| 5 Years: | 15.38% |
| 1 Year: | -34.50% |
Stock Price Performance
| 1 Year: | +13.66% |
| 6 Months: | +2.99% |
| 3 Months: | -3.35% |
| 1 Month: | +2.55% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 3.30 L Cr | 3.40 L Cr | 3.80 L Cr | 4.53 L Cr |
| Current Assets | - | 2.22 L Cr | 2.19 L Cr | 2.45 L Cr | 3.18 L Cr |
| Cash & Equivalents | - | 16,926.69 Cr | 11,958.50 Cr | 12,187.00 Cr | 15,391.24 Cr |
| Inventory | - | 6,828.78 Cr | 6,620.19 Cr | 7,670.55 Cr | 9,530.93 Cr |
| Receivables | - | 44,731.53 Cr | 48,770.95 Cr | 53,713.68 Cr | 60,461.26 Cr |
| Total Liabilities | - | 2.27 L Cr | 2.38 L Cr | 2.64 L Cr | 3.24 L Cr |
| Current Liabilities | - | 1.62 L Cr | 1.77 L Cr | 2.02 L Cr | 2.54 L Cr |
| Long Term Debt | - | 61,217.68 Cr | 56,506.97 Cr | 57,503.34 Cr | 63,738.59 Cr |
| Total Debt | - | 1.21 L Cr | 1.16 L Cr | 1.32 L Cr | 1.25 L Cr |
| Total Equity | - | 89,325.95 Cr | 86,359.24 Cr | 97,655.60 Cr | 1.09 L Cr |
| Shares Outstanding | - | 140.55 Cr | 137.47 Cr | 137.52 Cr | 137.56 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 22,776.96 Cr | 18,266.28 Cr | 9,151.35 Cr | 16,740.97 Cr |
| Investing Cash Flow | - | -8,311.70 Cr | 2,163.04 Cr | -15,508.15 Cr | -11,738.84 Cr |
| Financing Cash Flow | - | -11,572.49 Cr | -25,413.36 Cr | 6,556.62 Cr | -2,156.43 Cr |
| Capital Expenditure | - | -4,143.79 Cr | -4,516.53 Cr | -4,418.83 Cr | -4,809.19 Cr |
| Free Cash Flow | - | 18,633.17 Cr | 13,749.75 Cr | 4,732.52 Cr | 11,931.78 Cr |
| Net Change in Cash | - | 2,892.77 Cr | -4,984.04 Cr | 199.82 Cr | 2,845.70 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 35.8% | 33.3% | 32.7% | 32.1% |
| Operating Margin % | - | 10.7% | 9.9% | 10.4% | 9.5% |
| Net Margin % | - | 5.8% | 6.0% | 5.9% | 5.7% |
| ROE % | - | 11.7% | 15.1% | 15.4% | 14.7% |
| ROCE % | - | 11.6% | 13.3% | 14.9% | 13.7% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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