Construction
Larsen & Toubro is a prominent civil construction company with the stock ticker LT and a market capitalization of Rs. 446,188.4 Crores.
The company operates primarily in the fields of engineering, construction, and manufacturing both in India and internationally. Its diverse operations can be categorized into several segments:
Infrastructure Projects: This segment focuses on the engineering and construction of buildings, factories, and various types of infrastructure including transportation, civil projects, power distribution, and water treatment.
Energy Projects: Here, Larsen & Toubro offers comprehensive services such as design, procurement, and construction for the oil and gas industry and thermal power plants, alongside work in the green energy sector.
Hi-Tech Manufacturing: This segment develops engineered solutions for process plants, nuclear energy, and green hydrogen, and also produces systems for aerospace, defense, and industrial sectors.
IT & Technology Services: This includes IT services, e-commerce platforms, data centers, and semiconductor chip design.
Financial Services: The company provides retail and wholesale financing solutions.
Development Projects: Larsen & Toubro is involved in the development and maintenance of infrastructure projects, including toll collection and power generation.
Others: This segment focuses on manufacturing industrial valves, construction equipment, and mining machinery.
Founded in 1938 and headquartered in Mumbai, India, Larsen & Toubro has achieved a trailing 12-month revenue of Rs. 252,452.4 Crores and has shown impressive revenue growth of 63.4% over the past three years.
Additionally, the company distributes dividends to its investors, boasting a dividend yield of 1.58% per year, with Rs. 58 returned per share in the last 12 months.
Updated Jun 16, 2025
The Mumbai Metropolitan Region Development Authority scrapped the tender for a major infrastructure project involving L&T amid legal disputes.
L&T faced disqualification from the Thane Gaimukh–Bhayander tunnel project due to technical grounds, despite having the lowest bid.
The Supreme Court dismissed L&T's petition related to the original tender process, impacting its involvement in the significant project.
Larsen & Toubro has shown impressive revenue growth, with projections rising from Rs 135,979.03 Crore in 2021 to Rs 255,734.45 Crore in 2025.
The company secured new orders valued between Rs 5,000 crore and Rs 10,000 crore, enhancing revenue visibility and reinforcing its market position.
L&T received a significant order from JSW Energy for the Bhavali Pumped Storage Project, reflecting its expertise in heavy civil infrastructure.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Analysis of Larsen & Toubro's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2025
Description | Share | Value |
---|---|---|
Infrastructure Projects | 52.1% | 39.4 kCr |
IT & Technology Services | 16.8% | 12.7 kCr |
Energy Projects | 16.2% | 12.3 kCr |
Financial Services | 5.0% | 3.8 kCr |
Hi-Tech Manufacturing | 4.6% | 3.5 kCr |
Others | 3.5% | 2.6 kCr |
Development Projects | 1.6% | 1.2 kCr |
Total | 75.5 kCr |
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Good revenue growth. With 63.4% growth over past three years, the company is going strong.
Size: It is among the top 200 market size companies of india.
Momentum: Stock has a weak negative price momentum.
Comprehensive comparison against sector averages
LT metrics compared to Construction
Category | LT | Construction |
---|---|---|
PE | 30.17 | 36.92 |
PS | 1.98 | 1.79 |
Growth | 16.8 % | 7.4 % |
LT vs Construction (2021 - 2025)
Valuation | |
---|---|
Market Cap | 4.98 LCr |
Price/Earnings (Trailing) | 30.14 |
Price/Sales (Trailing) | 1.97 |
EV/EBITDA | 16.84 |
Price/Free Cashflow | 35.48 |
MarketCap/EBT | 22.66 |
Fundamentals | |
---|---|
Revenue (TTM) | 2.52 LCr |
Rev. Growth (Yr) | 17.28% |
Rev. Growth (Qtr) | 4.76% |
Earnings (TTM) | 16.53 kCr |
Earnings Growth (Yr) | 10.61% |
Earnings Growth (Qtr) | -3.05% |
Profitability | |
---|---|
Operating Margin | 8.67% |
EBT Margin | 8.71% |
Return on Equity | 15.6% |
Return on Assets | 4.64% |
Free Cashflow Yield | 2.82% |
Investor Care | |
---|---|
Dividend Yield | 1.71% |
Dividend/Share (TTM) | 62 |
Shares Dilution (1Y) | 0.04% |
Diluted EPS (TTM) | 101.29 |
Financial Health | |
---|---|
Current Ratio | 1.17 |
Debt/Equity | 1.17 |
Debt/Cashflow | 0.15 |
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 ZonePort & Port services | 3 LCr | 32.38 kCr | -0.48% | -2.10% | 27.15 | 9.27 | +14.79% | +36.49% |
ABB | ABB IndiaHeavy Electrical Equipment | 1.28 LCr | 12.54 kCr | +3.26% | -33.37% | 68.31 | 10.19 | +16.69% | +50.69% |
SIEMENS | SiemensHeavy Electrical Equipment | 1.18 LCr | 21.94 kCr | +6.58% | -58.00% | 41.81 | 5.39 | +4.84% | +41.00% |
BHEL | Bharat Heavy ElectricalsHeavy Electrical Equipment | 87.78 kCr | 28.08 kCr | +1.64% | -16.76% | 169.12 | 3.13 | +15.26% | +533.35% |
THERMAX | ThermaxHeavy Electrical Equipment | 42.31 kCr | 10.3 kCr | +3.06% | -33.52% | 69.51 | 4.11 | +13.10% | -0.51% |
KEC | KEC InternationalCivil Construction | 23.81 kCr | 21.2 kCr | +12.52% | -3.71% | 52.41 | 1.12 | +9.69% | +70.02% |
NCC | NCCCivil Construction | 14.17 kCr | 22.7 kCr | +0.93% | -30.22% | 16.83 | 0.62 | +16.85% | +19.48% |
Understand Larsen & Toubro ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Shareholder Name | Holding % |
---|---|
Trusts | 14.38% |
L&T EMPLOYEES TRUST | 14.33% |
LIFE INSURANCE CORPORATION OF INDIA | 13.25% |
ICICI PRUDENTIAL LARGE & MID CAP FUND | 4.41% |
SBI NIFTY 50 EQUAL WEIGHT INDEX FUND | 4.23% |
GOVERNMENT OF SINGAPORE | 2.16% |
HDFC MUTUAL FUND-HDFC ARBITRAGE FUND | 2.07% |
NPS TRUST A/C - LIC PENSION FUND LIMITED | 2.06% |
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ARB | 1.45% |
UTI-ARBITRAGE FUND | 1.26% |
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | 1.21% |
SBI LIFE INSURANCE CO. LTD | 1.14% |
Other | 0.04% |
Distribution across major stakeholders
Distribution across major institutional holders
General • 13 Jun 2025 ESG Credit Rating |
Press Release / Media Release • 10 Jun 2025 L&T Wins (Major) Orders for Power Transmission & Distribution Business |
Press Release / Media Release • 09 Jun 2025 L&T Wins (Significant) Order for Heavy Civil Infrastructure Business |
Press Release / Media Release • 06 Jun 2025 Following SEBI''s ESG Bond Framework, L&T announces India''s first Listed ESG Bond Deal in partnership with HSBC |
Press Release / Media Release • 03 Jun 2025 L&T Wins (Significant) Orders for Water & Effluent Treatment Business |
Newspaper Publication • 27 May 2025 Intimation to Stock Exchanges regarding publication of Notice related to AGM, Dividend and other related matters after sending Annual Report to Shareholders |
Allotment of ESOP / ESPS • 23 May 2025 Allotment of Shares |