Construction
Valuation | |
|---|---|
| Market Cap | 5.91 LCr |
| Price/Earnings (Trailing) | 36.37 |
| Price/Sales (Trailing) | 2.09 |
| EV/EBITDA | 21.75 |
| Price/Free Cashflow | 112.01 |
| MarketCap/EBT | 23.12 |
| Enterprise Value | 7.12 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 2.83 LCr |
| Rev. Growth (Yr) | 11.1% |
| Earnings (TTM) | 18.32 kCr |
| Earnings Growth (Yr) | -3.8% |
Profitability | |
|---|---|
| Operating Margin | 10% |
| EBT Margin | 9% |
| Return on Equity | 15.29% |
| Return on Assets | 4.68% |
| Free Cashflow Yield | 0.89% |
Growth & Returns | |
|---|---|
| Price Change 1W | -0.60% |
| Price Change 1M | 14.8% |
| Price Change 6M | 19.4% |
| Price Change 1Y | 33.2% |
| 3Y Cumulative Return | 26.3% |
| 5Y Cumulative Return | 24.4% |
| 7Y Cumulative Return | 18.8% |
| 10Y Cumulative Return | 19.2% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -15.52 kCr |
| Cash Flow from Operations (TTM) | 9.16 kCr |
| Cash Flow from Financing (TTM) | 6.56 kCr |
| Cash & Equivalents | 9.79 kCr |
| Free Cash Flow (TTM) | 4.74 kCr |
| Free Cash Flow/Share (TTM) | 34.48 |
Balance Sheet | |
|---|---|
| Total Assets | 3.91 LCr |
| Total Liabilities | 2.71 LCr |
| Shareholder Equity | 1.2 LCr |
| Current Assets | 2.49 LCr |
| Current Liabilities | 1.99 LCr |
| Net PPE | 17.87 kCr |
| Inventory | 8.31 kCr |
| Goodwill | 8.62 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.33 |
| Debt/Equity | 1.09 |
| Interest Coverage | 7.77 |
| Interest/Cashflow Ops | 3.81 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 34 |
| Dividend Yield | 0.83% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | -2.1% |
Growth: Good revenue growth. With 56.6% growth over past three years, the company is going strong.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 26.3% return compared to 13.4% by NIFTY 50.
No major cons observed.
Growth: Good revenue growth. With 56.6% growth over past three years, the company is going strong.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 26.3% return compared to 13.4% by NIFTY 50.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.83% |
| Dividend/Share (TTM) | 34 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 118.19 |
Financial Health | |
|---|---|
| Current Ratio | 1.25 |
| Debt/Equity | 1.09 |
Technical Indicators | |
|---|---|
| RSI (14d) | 67.61 |
| RSI (5d) | 46.41 |
| RSI (21d) | 75.18 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Sell |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated Feb 15, 2026
Concerns have been raised about the challenges the new command team may face in implementing changes.
There are apprehensions regarding the transition period and its impact on current operations.
The effectiveness of the new team will be scrutinized as they address existing issues.
Summary of Larsen & Toubro's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Understand Larsen & Toubro ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| L&T EMPLOYEES TRUST | 14.32% |
| LIFE INSURANCECORPORATION OF INDIA | 12.69% |
| SBI ARBITRAGE OPPORTUNITIES FUND | 4.51% |
| ICICI PRUDENTIAL NIFTY ETF | 4.19% |
| NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME | 3.05% |
| GOVERNMENT OF SINGAPORE - E | 2.03% |
| HDFC MUTUAL FUND - HDFC DIVIDEND YIELD FUND |
Detailed comparison of Larsen & Toubro against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTS | Adani Ports and Special Economic Zone | 3.52 LCr | 38.13 kCr | +16.80% | +41.50% | 26.48 | 9.24 | - | - |
| ABB | ABB India | 1.31 LCr |
Comprehensive comparison against sector averages
LT metrics compared to Construction
| Category | LT | Construction |
|---|---|---|
| PE | 36.37 | 26.20 |
| PS | 2.09 | 1.71 |
| Growth | 12 % | 6.7 % |
Larsen & Toubro (LT) is a prominent Civil Construction company, boasting a substantial market capitalization of Rs. 457,547 Crores. Founded in 1938 and headquartered in Mumbai, India, the company has established itself as a key player in engineering, construction, and manufacturing operations both domestically and internationally.
The company operates through several segments:
Infrastructure Projects: Engaged in the engineering and construction of buildings, factories, transportation infrastructure, and heavy civil projects. It also focuses on power transmission, water treatment, and minerals and metals.
Energy Projects: Provides comprehensive services for the oil and gas sector, including design, fabrication, project management, and commissioning for thermal power plants and renewable energy solutions.
Hi-Tech Manufacturing: Designs and manufactures critical equipment for various sectors, including process plants, nuclear energy, aerospace, and defense. This segment oversees everything from land and marine platforms to precision electronics.
IT & Technology Services: Offers integrated engineering solutions, e-commerce platforms, data centres, and semiconductor design services.
Financial Services: Delivers both retail and wholesale financing solutions.
Development Projects: Focuses on the development, operation, and maintenance of infrastructure projects alongside power generation initiatives.
Others: Involves the manufacturing and selling of industrial valves and construction equipment, as well as mining machinery.
Larsen & Toubro reported a revenue of Rs. 252,452.4 Crores over the trailing 12 months, showcasing a significant revenue growth of 63.4% over the past three years. The company also distributes dividends to its investors, offering a yield of 1.58% per year, with a recent dividend payout of Rs. 58 per share.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
LT vs Construction (2021 - 2026)
Award of Order / Receipt of Order • 25 Feb 2026 L&T wins Orders (Major*) in India and Abroad for Power Transmission Infrastructure |
Award of Order / Receipt of Order • 24 Feb 2026 L&T wins (Significant*) Order for LIGO India Observatory |
General • 24 Feb 2026 Intimation of execution of Business Transfer Agreement with SuFin Limited, Wholly owned Subsidiary of the Company |
Press Release / Media Release • 18 Feb 2026 L&T Teaming with NVIDIA to Build India''s Largest Gigawatt-Scale AI Factory |
General • 16 Feb 2026 Intimation of Execution of Securities Purchase Agreement to divest Nabha Power Limited. |
General • 10 Feb 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
| 1.73% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MUL | 1.52% |
| GENERAL INSURANCE CORPORATION OF INDIA | 1.49% |
| UTI MULTI CAP FUND | 1.45% |
| ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | 1.06% |
| NATIONALISED BANKS | 0.05% |
| FOREIGN INSTITUTIONAL INVESTORS | 0.03% |
Distribution across major stakeholders
Distribution across major institutional holders
| 13.56 kCr |
| +31.40% |
| +16.30% |
| 78.34 |
| 9.64 |
| - |
| - |
| SIEMENS | Siemens | 1.19 LCr | 18.09 kCr | +15.50% | -30.70% | 67.45 | 6.6 | - | - |
| BHEL | Bharat Heavy Electricals | 91.21 kCr | 31.18 kCr | +8.00% | +34.60% | 111.94 | 2.93 | - | - |
| THERMAX | Thermax | 37.97 kCr | 10.63 kCr | +9.10% | -0.40% | 52.64 | 3.57 | - | - |
| KEC | KEC International | 15.75 kCr | 24.03 kCr | -6.80% | -20.60% | 23.11 | 0.66 | - | - |
| NCC | NCC | 9.52 kCr | 20.88 kCr | +7.00% | -16.20% | 13.18 | 0.46 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| Total Expenses |
| 4.3% |
| 65,730 |
| 63,032 |
| 59,176 |
| 67,988 |
| 60,303 |
| 57,101 |
| Profit Before exceptional items and Tax | 13% | 7,161 | 6,336 | 5,860 | - | 5,333 | 5,555 |
| Exceptional items before tax | - | -1,791.09 | 0 | 0 | - | 0 | 0 |
| Total profit before tax | -15.2% | 5,370 | 6,336 | 5,860 | 8,014 | 5,333 | 5,555 |
| Current tax | -8.6% | 1,442 | 1,577 | 1,518 | 1,752 | 1,520 | 1,493 |
| Deferred tax | 38% | 99 | 72 | 15 | 129 | -188.47 | -50.9 |
| Total tax | -6.6% | 1,541 | 1,649 | 1,534 | 1,881 | 1,332 | 1,442 |
| Total profit (loss) for period | -18.2% | 3,825 | 4,678 | 4,318 | 5,497 | 3,974 | 4,099 |
| Other comp. income net of taxes | 231.9% | 648 | -489.54 | 1,159 | - | -1,276.06 | 358 |
| Total Comprehensive Income | 6.8% | 4,472 | 4,188 | 5,477 | - | 2,698 | 4,457 |
| Earnings Per Share, Basic | -18.8% | 23.37 | 28.54 | 26.3 | 39.98 | 24.43 | 24.69 |
| Earnings Per Share, Diluted | -18.8% | 23.36 | 28.53 | 26.29 | 39.95 | 24.41 | 24.68 |
| Debt equity ratio | 0% | 0.0106 | 0.0109 | 0.0113 | 0.0112 | 0.0118 | 0.01 |
| Debt service coverage ratio | -4.4% | 0.0186 | 0.06 | 068 | 0.0592 | 0.0223 | 0.03 |
| Interest service coverage ratio | 2.9% | 0.1065 | 0.0796 | 0.0715 | 0.0989 | 0.0621 | 0.06 |
| Employee Expense |
| 17.1% |
| 10,380 |
| 8,864 |
| 8,298 |
| 7,397 |
| 5,485 |
| 5,956 |
| Finance costs | -8.8% | 2,195 | 2,406 | 2,125 | 1,754 | 2,420 | 2,267 |
| Depreciation and Amortization | - | - | 1,751 | 1,372 | 1,172 | 1,026 | 1,021 |
| Other expenses | 13.3% | 54,303 | 47,930 | 39,241 | 38,667 | 29,456 | 33,158 |
| Total Expenses | 11.9% | 135,079 | 120,708 | 104,703 | 94,872 | 69,495 | 78,833 |
| Profit Before exceptional items and Tax | - | - | 10,868 | 9,833 | 9,741 | 7,256 | 6,359 |
| Exceptional items before tax | - | - | 448 | 0 | 267 | -2,818.65 | 627 |
| Total profit before tax | 20% | 13,574 | 11,316 | 9,833 | 10,009 | 4,438 | 6,986 |
| Current tax | 29.3% | 2,850 | 2,205 | 2,335 | 2,405 | 1,434 | 1,526 |
| Deferred tax | 23.8% | -146.93 | -193.02 | -351.03 | -275.92 | 317 | -564.45 |
| Total tax | 34.4% | 2,703 | 2,012 | 1,984 | 2,129 | 1,751 | 961 |
| Total profit (loss) for period | 16.8% | 10,871 | 9,304 | 7,849 | 7,879 | 11,337 | 6,679 |
| Other comp. income net of taxes | - | - | -46.25 | -452.5 | -36.21 | 492 | -518.92 |
| Total Comprehensive Income | - | - | 9,258 | 7,396 | 7,843 | 11,829 | 6,160 |
| Earnings Per Share, Basic | 18.4% | 79.06 | 66.95 | 55.85 | 56.09 | 80.74 | 47.59 |
| Earnings Per Share, Diluted | 18.4% | 79 | 66.89 | 55.81 | 56.03 | 80.65 | 47.53 |
| Debt equity ratio | 0% | 031 | 035 | 025 | 03 | 039 | 049 |
| Debt service coverage ratio | 0.3% | 0.0214 | 0.0183 | 0.0156 | 0.0649 | 0.0358 | 0.0153 |
| Interest service coverage ratio | 1.5% | 0.0697 | 0.0552 | 0.0563 | 0.0655 | 0.0863 | 0.0419 |
| Capital work-in-progress |
| - |
| 2,003 |
| - |
| 1,575 |
| 1,397 |
| 2,251 |
| 1,938 |
| Investment property | - | 1,442 | - | 1,258 | 1,161 | 558 | 569 |
| Goodwill | - | 122 | - | 47 | 47 | 47 | 47 |
| Non-current investments | -14.1% | 28,206 | 32,854 | 31,626 | 30,729 | 27,928 | 27,037 |
| Loans, non-current | - | 765 | - | 624 | 579 | 3,347 | 3,307 |
| Total non-current financial assets | - | 29,867 | - | 32,757 | 31,905 | 31,733 | 30,751 |
| Total non-current assets | -7.6% | 49,726 | 53,844 | 51,659 | 50,613 | 49,705 | 47,884 |
| Total assets | -1.8% | 183,091 | 186,416 | 178,101 | 175,283 | 167,548 | 172,424 |
| Borrowings, non-current | - | 9,787 | - | 6,693 | 11,931 | 9,919 | 9,391 |
| Total non-current financial liabilities | - | 10,300 | - | 6,981 | 12,119 | 10,139 | 9,549 |
| Provisions, non-current | - | 774 | - | 736 | 698 | 666 | 637 |
| Total non-current liabilities | 6.6% | 11,097 | 10,411 | 7,735 | 12,840 | 10,812 | 10,193 |
| Borrowings, current | - | 8,005 | - | 16,545 | 10,609 | 16,938 | 8,760 |
| Total current financial liabilities | - | 49,017 | - | 59,736 | 55,686 | 57,573 | 54,796 |
| Provisions, current | - | 2,589 | - | 1,706 | 1,652 | 1,920 | 1,832 |
| Current tax liabilities | - | 1,958 | - | 1,295 | 1,306 | 2,932 | 799 |
| Total current liabilities | 0% | 104,068 | 104,109 | 104,417 | 98,027 | 97,410 | 89,705 |
| Total liabilities | - | 115,165 | - | 112,152 | 110,867 | 108,222 | 100,897 |
| Equity share capital | - | 275 | - | 275 | 275 | 275 | 281 |
| Total equity | - | 67,925 | - | 65,949 | 64,416 | 59,326 | 71,528 |
| Total equity and liabilities | -1.8% | 183,091 | 186,416 | 178,101 | 175,283 | 167,548 | 172,424 |
| -7.8% |
| 84 |
| 91 |
| 28 |
| 49 |
| - |
| - |
| Net Cashflows from Operations | 38.4% | 15,119 | 10,923 | 9,594 | 8,296 | - | - |
| Income taxes paid (refund) | -8.9% | 2,395 | 2,629 | 2,330 | 2,297 | - | - |
| Net Cashflows From Operating Activities | 53.4% | 12,724 | 8,294 | 7,264 | 5,999 | - | - |
| Cashflows used in obtaining control of subsidiaries | -40.5% | 2,215 | 3,720 | 1,447 | 543 | - | - |
| Proceeds from sales of PPE | 627.7% | 685 | 95 | 161 | 60 | - | - |
| Purchase of property, plant and equipment | -6.6% | 2,725 | 2,916 | 2,397 | 1,410 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -99.9% | 4.51 | 2,692 | 1,587 | 709 | - | - |
| Dividends received | 12.1% | 2,977 | 2,656 | 1,713 | 1,619 | - | - |
| Interest received | -38.1% | 1,260 | 2,034 | 1,322 | 849 | - | - |
| Other inflows (outflows) of cash | 199.8% | 148 | -146.31 | -21.01 | 62 | - | - |
| Net Cashflows From Investing Activities | -199.9% | -6,352.28 | 6,362 | -1,752.71 | 4,526 | - | - |
| Proceeds from issuing shares | - | - | 9.65 | 10 | 11 | - | - |
| Payments to acquire or redeem entity's shares | - | - | 12,280 | 0 | 0 | - | - |
| Proceeds from borrowings | -39.5% | 5,550 | 9,177 | 3,617 | 594 | - | - |
| Repayments of borrowings | 25.3% | 6,070 | 4,845 | 5,549 | 4,732 | - | - |
| Payments of lease liabilities | - | - | 116 | 107 | 110 | - | - |
| Dividends paid | -8.7% | 3,850 | 4,217 | 3,091 | 2,528 | - | - |
| Interest paid | -2% | 2,205 | 2,250 | 2,321 | 1,595 | - | - |
| Other inflows (outflows) of cash | - | -159.33 | 0 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | 53.7% | -6,725.16 | -14,522.06 | -7,441.39 | -8,360.36 | - | - |
| Effect of exchange rate on cash eq. | -312.8% | -3.98 | 3.34 | 14 | 29 | - | - |
| Net change in cash and cash eq. | -363.6% | -357.44 | 137 | -1,915.74 | 2,193 | - | - |
Award of Order / Receipt of Order • 10 Feb 2026 L&T Transportation Infrastructure Vertical Wins Road Development Contract in Dubai |
Analysis of Larsen & Toubro's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Infrastructure Projects | 47.1% | 34 kCr |
| IT & Technology Services | 18.9% | 13.7 kCr |
| Energy Projects | 17.6% |
| 12.7 kCr |
| Financial Services | 6.2% | 4.5 kCr |
| Hi-Tech Manufacturing | 4.7% | 3.4 kCr |
| Others | 3.9% | 2.8 kCr |
| Development Projects | 1.6% | 1.2 kCr |
| Total | 72.3 kCr |