Larsen & Toubro is India's engineering and construction bellwether, market cap ₹5.55 lakh Cr, executing infrastructure projects at national scale. Consolidated quarterly revenues range ₹37,902–₹82,762 Cr. Operations span India's capital-intensive infrastructure buildout within the Industrials sector.
Founded
1938
Face value
₹2
Market cap
₹5,05,996 Cr
P/E
30.5×
P/B
4.6×
Dividend yield
1.9%
ROE
15.5%
ROCE
15.4%
Debt / equity
1.11
OPM
10.2%
EPS (TTM)
₹120.6
Book value
₹794.5
52-week high
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52-week low
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Key insights
Company research notes and source-linked reviews
Key risks
Sept 2025 standalone posted -₹3,591 Cr loss (EPS -26.11) while consolidated remained profitable—investigate whether loss reflects project delays, impairments, or subsidiary write-offs.
Standalone operating margins highly volatile (5.31%–10.38% recent quarters) vs company average 10.2%—verify whether margin compression is temporary or structural issue in execution.
Debt-to-equity 1.11 combined with profit volatility (Q Sep 2025 loss, Q Dec 2025 ₹3,824 Cr profit)—assess debt serviceability and refinancing risk during lean quarters in capital-intensive sector.
PE 33.5 represents premium valuation for construction sector; investor should verify earnings growth drivers justify multiple and identify compression triggers.
Generated analysis · source review pending
Growth drivers
Consolidated net profit of ₹6,133 Cr in Mar 2026 from ₹82,762 Cr revenue; sustained execution at this scale is prerequisite for growth.
Sept 2025 standalone loss of -₹3,591 Cr reversed to Jun 2026 profit (₹4,455 Cr), indicating operations stabilized; if one-time charge, this enables margin recovery and earnings growth.
Consolidated revenue sustained at ₹37,902–₹82,762 Cr quarterly range through recent quarters; investor should verify order pipeline depth and execution pace to assess revenue sustainability.
Generated analysis · source review pending
2,528 historical price candles were omitted because the exchange source has not been verified.
₹3,693.4-1.5%1Y
Quick read
rule-based
Pros
+Revenue CAGR of 16% over the last 5 years
+Comfortable interest coverage of 10.7×
+Dividend payout of 59.5% of profit
Cons
No red flags triggered.
Research score
Structured signal from quality, growth, valuation and momentum.
48/100
Business quality
42
Growth
53
Valuation
48
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
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Financials
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Ratios
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Shareholding
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F&O
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Fund holders
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Documents
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Events
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Announcements
Latest exchange announcements, filings and downloadable documents.
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Mr. P. R. RAMESH
Non-Executive - Independent Director
Mr. SIDDHARTHA MOHANTYNon-Executive - Nominee Director
Mr. AMITABH KANTNon-Executive - Independent Director
Mr. B. SANTHANAMNon-Executive - Independent Director
Mr. VIJAY SANKARNon-Executive - Independent Director
Mr. Subramanian NarayanCompany Secretary & Compliance Officer
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
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16
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557
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Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
8 Sept 2026, 4:39 pmCompany Update
Announcement under Regulation 30 (LODR)-Newspaper Publication
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.