Larsen & Toubro Ltd

Larsen & Toubro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Larsen & Toubro Ltd

₹ 3,587 -0.46%
13 Jun - close price
larsentoubro.com BSE: 500510 NSE: LT
About

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]

Key Points

Business segments
[1]

Website BSE NSE
  • Market Cap ₹ 4,93,396 Cr.
  • Current Price ₹ 3,587
  • High / Low ₹ 3,964 / 2,965
  • Stock P/E 42.4
  • Book Value ₹ 523
  • Dividend Yield 0.95 %
  • ROCE 18.5 %
  • ROE 17.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 45.4%

Cons

  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of 13.8% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Construction Construction Civil Construction

Part of BSE Sensex Nifty 50 BSE 500 BSE Capital Goods BSE 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
37,439 20,212 25,770 27,785 36,734 26,931 28,151 31,601 39,551 30,279 34,918 34,984 42,329
33,570 18,666 23,862 25,469 33,210 25,057 26,230 29,142 36,063 28,294 31,964 32,101 38,571
Operating Profit 3,870 1,546 1,908 2,317 3,524 1,873 1,921 2,459 3,488 1,985 2,955 2,883 3,758
OPM % 10% 8% 7% 8% 10% 7% 7% 8% 9% 7% 8% 8% 9%
703 568 1,554 833 1,080 1,256 2,236 1,226 1,069 2,449 833 1,195 1,671
Interest 441 504 579 508 534 547 584 630 644 567 583 543 503
Depreciation 308 342 338 335 357 379 416 438 519 481 505 489 487
Profit before tax 3,824 1,267 2,546 2,307 3,713 2,204 3,157 2,616 3,393 3,385 2,700 3,047 4,439
Tax % 24% 28% 17% 21% 19% 19% 14% 18% 20% 13% 26% 21% 21%
2,901 911 2,109 1,825 3,003 1,792 2,710 2,136 2,715 2,961 1,993 2,404 3,509
EPS in Rs 20.65 6.48 15.01 12.99 21.37 12.75 19.72 15.54 19.75 21.54 14.50 17.49 25.52
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
56,525 56,942 63,177 65,724 74,463 82,287 82,384 87,255 101,000 110,501 126,233 142,509
49,725 50,293 57,004 59,186 66,678 74,545 75,444 78,869 91,867 100,527 116,423 129,211
Operating Profit 6,799 6,648 6,173 6,538 7,784 7,742 6,940 8,387 9,133 9,974 9,811 13,298
OPM % 12% 12% 10% 10% 10% 9% 8% 10% 9% 9% 8% 9%
2,469 2,641 2,766 2,809 2,043 4,897 4,073 9,192 3,880 3,432 5,778 4,521
Interest 1,208 1,579 1,686 1,374 1,516 1,877 2,368 2,459 1,832 2,201 2,487 2,282
Depreciation 792 1,008 997 1,215 1,049 1,000 1,021 1,151 1,172 1,372 1,753 1,963
Profit before tax 7,268 6,701 6,256 6,758 7,262 9,763 7,624 13,969 10,009 9,833 11,348 13,574
Tax % 24% 25% 20% 19% 26% 23% 12% 16% 21% 20% 18% 20%
5,493 5,056 5,000 5,454 5,387 7,491 6,679 11,798 7,879 7,849 9,331 10,871
EPS in Rs 39.51 36.26 35.78 38.97 38.44 53.41 47.58 84.00 56.08 55.85 67.88 79.05
Dividend Payout % 24% 30% 34% 24% 42% 34% 38% 43% 39% 43% 50% 43%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 12%
TTM: 13%
Compounded Profit Growth
10 Years: 10%
5 Years: 13%
3 Years: 17%
TTM: 33%
Stock Price CAGR
10 Years: 12%
5 Years: 32%
3 Years: 32%
1 Year: -3%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 14%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 185 186 186 187 280 281 281 281 281 281 275 275
Reserves 33,476 36,899 41,949 45,826 48,894 49,768 51,895 61,457 66,833 71,247 64,241 71,621
11,459 12,937 13,924 10,558 10,561 11,990 25,942 24,664 20,477 18,339 22,812 22,295
33,184 36,883 43,561 45,667 55,871 62,622 63,439 73,513 80,912 82,558 88,436 92,225
Total Liabilities 78,305 86,904 99,621 102,238 115,607 124,660 141,557 159,916 168,502 172,424 175,764 186,416
7,675 7,487 7,268 7,045 6,941 8,592 7,840 9,165 9,113 9,756 11,119 11,254
CWIP 562 494 412 504 653 739 797 287 583 1,955 1,424 1,139
Investments 19,215 23,053 24,438 26,759 27,339 22,904 34,034 49,414 45,528 47,261 47,463 57,642
50,853 55,869 67,502 67,931 80,674 92,425 98,885 101,050 113,279 113,452 115,759 116,381
Total Assets 78,305 86,904 99,621 102,238 115,607 124,660 141,557 159,916 168,502 172,424 175,764 186,416

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,047 3,118 3,300 5,980 2,952 2,556 -121 9,561 5,999 7,264 8,297 12,724
-1,214 -1,884 -1,522 -46 1,787 1,585 -6,834 -2,780 4,555 -1,738 6,362 -6,356
504 -1,437 -2,464 -6,073 -3,489 -4,606 7,419 -6,698 -8,360 -7,441 -14,522 -6,725
Net Cash Flow 337 -203 -687 -140 1,250 -464 464 82 2,193 -1,916 137 -357

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 139 148 110 111 112 125 124 139 131 110 107 98
Inventory Days 30 33 26 24 30 35 29 29 26 25 23 20
Days Payable 247 275 296 324 370 378 383 405 384 309 265 224
Cash Conversion Cycle -78 -94 -160 -190 -228 -218 -230 -237 -226 -174 -135 -106
Working Capital Days 70 88 82 74 71 56 86 63 42 36 43 31
ROCE % 18% 16% 13% 13% 14% 16% 13% 12% 13% 14% 15% 19%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
21.09% 22.12% 23.29% 24.48% 25.29% 25.72% 25.50% 24.36% 22.85% 21.72% 20.83% 19.80%
34.61% 40.49% 39.76% 38.64% 38.01% 37.16% 37.34% 38.08% 38.89% 40.44% 41.71% 42.71%
0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.23% 0.24% 0.24% 0.24% 0.24%
44.07% 37.17% 36.70% 36.65% 36.47% 36.89% 36.93% 37.33% 38.01% 37.60% 37.21% 37.25%
No. of Shareholders 15,55,96614,78,38314,18,08614,25,06414,23,20214,07,11714,54,62415,64,08517,36,84416,89,15516,75,14617,06,264

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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