Larsen & Toubro Ltd (LT)
₹3,785.60
Mkt cap
₹5.21L Cr
P/E ratio
31.70
P/B
4.77
Div yield
1.00%
ROE
15.90%
ROCE
14.60%
EPS (TTM)
₹119.42
Book value
₹794
52W range
3,342–4,418
Sector
Industrials
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]
Health check
Cautious
ValuationExpensive
ProfitabilityAverage
GrowthModerate
TechnicalsNeutral
52-week range
−14.32% from high₹3,786
₹3,342+13.26% from low₹4,418
Current
₹3,785.60
Prev close
₹3,789.70
Day
−0.11%
Price performance
1D
−0.11%
1W
−1.39%
1M
−10.22%
3M
−5.70%
6M
−0.65%
1Y
+8.97%
YTD
−9.07%
Financials
FRevenue, profit & margin
P/E ratio
31.7×
LT is 76% above the sector median of 18.0×
LT31.7×
Sector median18.0×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58,335 | 47,882 | 51,024 | 55,128 | 67,079 | 55,120 | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | |
| Expenses | 49,981 | 41,566 | 43,984 | 47,929 | 58,426 | 48,074 | 53,638 | 56,770 | 64,516 | 55,655 | 59,470 | 62,259 | 72,343 | |
| Operating Profit | 8,354 | 6,316 | 7,040 | 7,199 | 8,653 | 7,046 | 7,917 | 7,898 | 9,876 | 8,024 | 8,513 | 9,190 | 10,419 | |
| OPM % | 14% | 13% | 14% | 13% | 13% | 13% | 13% | 12% | 13% | 13% | 13% | 13% | 13% | |
| Other Income | 741 | 1,146 | 1,133 | 838 | 1,135 | 921 | 1,101 | 968 | 1,610 | 1,357 | 1,384 | -350 | 1,647 | |
| Interest | 2,334 | 2,299 | 2,272 | 2,344 | 2,345 | 2,292 | 2,439 | 2,486 | 2,419 | 2,488 | 2,470 | 2,399 | 2,488 | |
| Depreciation | 854 | 830 | 910 | 921 | 1,021 | 998 | 1,024 | 1,047 | 1,052 | 1,033 | 1,092 | 1,072 | 1,168 | |
| Profit before tax | 5,907 | 4,332 | 4,991 | 4,772 | 6,422 | 4,677 | 5,555 | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | |
| Tax % | 25% | 28% | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% | 26% | 29% | 25% | |
| Net Profit | 4,459 | 3,096 | 3,846 | 3,593 | 5,013 | 3,445 | 4,099 | 3,974 | 6,156 | 4,318 | 4,678 | 3,825 | 6,133 | |
| EPS in Rs | 28.37 | 17.74 | 23.45 | 21.44 | 31.98 | 20.26 | 24.69 | 24.43 | 39.97 | 26.30 | 28.54 | 23.37 | 38.71 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
28 Jul '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.36% · closed higher next day 32 of last 60
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25† | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 26 Jul '23 | 1 Nov '23 | 31 Jan '24 | 9 May '24◦ | 25 Jul '24 | 31 Oct '24 | 31 Jan '25 | 3 Jul '25◦ | 29 Jul '25◦ | 29 Oct '25◦ | 28 Jan '26◦ | 5 May '26◦ |
| Earnings day | +3.33% | −1.15% | −4.23% | −0.12% | +2.83% | +6.28% | +4.28% | +0.33% | +4.85% | +0.74% | +3.66% | −1.13% |
| +1 day | +3.88% | −0.37% | −6.48% | +0.56% | +4.56% | +4.87% | +0.78% | −0.04% | +4.03% | +1.84% | +3.65% | −0.78% |
| +5 days | +2.39% | +2.30% | −6.57% | +5.35% | +7.38% | +7.39% | −1.99% | −1.18% | +3.80% | −1.91% | +7.10% | −3.42% |
| +15 days | +3.58% | +3.98% | −9.27% | +12.02% | +1.39% | +8.63% | −4.24% | −3.91% | +3.35% | +1.69% | +12.82% | −0.17% |
| +30 days | +11.15% | +19.08% | −0.69% | +7.82% | +1.57% | +11.70% | −7.23% | +1.46% | +2.41% | +2.93% | −9.36% | +3.34% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 38 Per Share | 38.00 | 22 May '26 | 22 May '26 |
Shareholding
Sas of Jun 2026FIIs19.13%0.35
DIIs43.01%0.31
Public37.60%0.04
Government0.25%
Ownership trend
Peers
P7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro | ₹3,785.60 | 31.73 | 5,20,631 | 1.00% | 6,133 | +2.11% | 82,762 | +11.25% | 14.57% |
| Rail Vikas | ₹224.53 | 53.48 | 46,779 | 0.77% | 182 | −58.92% | 6,696 | +4.18% | 10.80% |
| NBCC | ₹93.84 | 38.28 | 25,337 | 0.71% | 254 | −0.95% | 4,560 | −1.81% | 30.95% |
| Cemindia Project | ₹1,441.00 | 42.06 | 24,751 | 0.21% | 242 | +113.63% | 2,973 | +17.42% | 32.76% |
| IRB Infra.Devl. | ₹19.61 | 26.92 | 23,673 | 0.79% | 296 | +37.98% | 1,927 | −10.34% | 7.48% |
| Kalpataru Proj. | ₹1,299.90 | 22.68 | 22,190 | 0.85% | 431 | +73.61% | 7,778 | +10.06% | 18.28% |
| Central Mine Pla | ₹248.43 | 27.17 | 17,767 | 0.43% | 116 | +53.88% | 481 | +17.62% | 38.07% |
| Median: 115 Co. | ₹130.45 | 17.97 | 659 | 0.00% | 17 | +1.88% | 236 | +9.49% | 15.48% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bse
Concall transcripts101
TranscriptMay 2026PPTMay 2026TranscriptJan 2026PPTJan 2026RECJan 2026TranscriptOct 2025PPTOct 2025RECOct 2025TranscriptJul 2025PPTJul 2025RECJul 2025TranscriptMay 2025PPTMay 2025TranscriptJan 2025PPTJan 2025TranscriptOct 2024PPTOct 2024TranscriptJul 2024PPTJul 2024PPTMay 2024RECMay 2024TranscriptMay 2024TranscriptJan 2024PPTJan 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 10h - L&T Heavy Engineering won large orders across Asia, Africa, North America, South America and Europe on July 24, 2026.Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 20 Jul - L&T wins multiple mega orders for metals and minerals projects in Chhattisgarh and West Bengal.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Jul - L&T schedules Q1 FY27 earnings conference call on 28 July 2026 at 7:30 p.m. virtual.Board Meeting Intimation for Considering The Unaudited Financial Results For The Quarter Ended 30Th June, 2026 14 Jul - Board meets on 28 July 2026 to approve Q1 FY27 results for quarter ended 30 June 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Jul - L&T Vyoma and Fortanix partner on confidential AI computing using NVIDIA technology on July 8, 2026.