Larsen & Toubro Ltd
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]
- Market Cap ₹ 4,97,021 Cr.
- Current Price ₹ 3,614
- High / Low ₹ 3,964 / 2,965
- Stock P/E 32.0
- Book Value ₹ 710
- Dividend Yield 0.94 %
- ROCE 14.5 %
- ROE 16.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 33.0%
Cons
- Stock is trading at 5.11 times its book value
* 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 100 BSE 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
85,054 | 91,929 | 101,122 | 109,312 | 119,683 | 135,220 | 145,452 | 135,979 | 156,521 | 183,341 | 221,113 | 255,734 | 264,294 | |
70,968 | 76,245 | 85,637 | 92,691 | 99,572 | 112,354 | 120,899 | 112,519 | 132,207 | 156,175 | 192,355 | 221,399 | 230,578 | |
Operating Profit | 14,086 | 15,684 | 15,486 | 16,620 | 20,111 | 22,866 | 24,553 | 23,460 | 24,314 | 27,166 | 28,758 | 34,335 | 33,715 |
OPM % | 17% | 17% | 15% | 15% | 17% | 17% | 17% | 17% | 16% | 15% | 13% | 13% | 13% |
1,337 | 1,422 | 1,219 | 1,466 | 1,465 | 2,701 | 3,015 | 8,111 | 2,364 | 2,891 | 4,953 | 3,289 | 5,036 | |
Interest | 6,494 | 7,266 | 6,899 | 6,829 | 7,714 | 9,339 | 11,021 | 11,750 | 9,235 | 9,445 | 9,512 | 9,925 | 9,833 |
Depreciation | 1,446 | 2,623 | 1,787 | 2,370 | 2,223 | 1,923 | 2,462 | 2,904 | 2,948 | 3,502 | 3,682 | 4,121 | 4,157 |
Profit before tax | 7,483 | 7,217 | 8,020 | 8,887 | 11,639 | 14,305 | 14,086 | 16,918 | 14,495 | 17,109 | 20,517 | 23,579 | 24,762 |
Tax % | 35% | 31% | 30% | 23% | 27% | 28% | 23% | 24% | 29% | 26% | 24% | 25% | |
4,885 | 4,966 | 4,592 | 6,486 | 8,004 | 10,217 | 10,894 | 12,921 | 10,419 | 12,531 | 15,547 | 17,673 | 18,547 | |
EPS in Rs | 35.41 | 34.17 | 30.64 | 43.17 | 52.59 | 63.48 | 68.02 | 82.47 | 61.70 | 74.50 | 95.00 | 109.35 | 115.39 |
Dividend Payout % | 27% | 32% | 40% | 22% | 30% | 28% | 26% | 44% | 36% | 32% | 36% | 31% |
Compounded Sales Growth | |
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10 Years: | 11% |
5 Years: | 12% |
3 Years: | 18% |
TTM: | 16% |
Compounded Profit Growth | |
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10 Years: | 14% |
5 Years: | 10% |
3 Years: | 23% |
TTM: | 17% |
Stock Price CAGR | |
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10 Years: | 12% |
5 Years: | 32% |
3 Years: | 27% |
1 Year: | 3% |
Return on Equity | |
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10 Years: | 14% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 37,526 | 40,723 | 43,994 | 50,030 | 54,623 | 62,094 | 66,442 | 75,588 | 82,127 | 89,045 | 86,084 | 97,381 |
80,846 | 93,630 | 88,135 | 93,954 | 107,524 | 125,555 | 143,174 | 134,629 | 125,508 | 120,650 | 116,322 | 132,409 | |
50,324 | 58,727 | 61,775 | 67,400 | 80,812 | 90,106 | 96,790 | 99,597 | 111,112 | 119,745 | 136,921 | 149,050 | |
Total Liabilities | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 |
32,397 | 34,738 | 14,176 | 16,677 | 18,580 | 21,194 | 43,653 | 44,319 | 42,945 | 42,641 | 42,964 | 44,055 | |
CWIP | 14,179 | 14,993 | 10,974 | 13,298 | 13,443 | 13,919 | 3,311 | 500 | 1,250 | 3,066 | 3,045 | 2,589 |
Investments | 8,109 | 9,612 | 15,465 | 19,753 | 15,311 | 20,907 | 20,047 | 39,627 | 39,395 | 44,798 | 45,648 | 54,805 |
114,197 | 133,923 | 153,475 | 161,843 | 195,905 | 222,016 | 239,675 | 225,649 | 235,438 | 239,217 | 247,946 | 277,665 | |
Total Assets | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7,143 | -1,365 | -3,240 | 6,655 | -10,031 | -4,756 | 6,694 | 23,074 | 19,164 | 22,777 | 18,266 | 9,161 | |
-5,510 | -4,778 | -4,627 | -9,796 | 3,914 | -11,023 | -8,408 | -5,750 | -3,585 | -8,048 | 2,179 | -15,489 | |
13,136 | 7,903 | 7,253 | 2,896 | 9,370 | 15,440 | 6,372 | -15,274 | -15,181 | -11,572 | -25,413 | 6,557 | |
Net Cash Flow | 483 | 1,759 | -613 | -245 | 3,254 | -338 | 4,658 | 2,049 | 397 | 3,156 | -4,968 | 228 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 113 | 119 | 94 | 96 | 101 | 99 | 102 | 113 | 108 | 89 | 81 | 77 |
Inventory Days | 69 | 76 | 51 | 41 | 45 | 51 | 44 | 51 | 44 | 41 | 32 | 30 |
Days Payable | 261 | 288 | 283 | 301 | 349 | 340 | 336 | 401 | 378 | 302 | 255 | 208 |
Cash Conversion Cycle | -78 | -92 | -138 | -164 | -203 | -190 | -190 | -236 | -227 | -172 | -143 | -101 |
Working Capital Days | 28 | 12 | 44 | 42 | 45 | 20 | 25 | 28 | 0 | 2 | -16 | -33 |
ROCE % | 12% | 10% | 11% | 11% | 14% | 13% | 12% | 10% | 10% | 12% | 13% | 14% |
Documents
Announcements
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Clarification sought from Larsen & Toubro Ltd
9h - Exchange has sought clarification from Larsen & Toubro Ltd with reference to the media report appearing on https:// www.thehindubusinessline.com dated August 03, 2025,(Link: https://www.thehindubusinessline.com/news/lt-terminated-corridor-2-corridor-4-contracts-of-bengaluru-suburban-rail-project-illegally-k-ride/article69889285.ece) titled …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13h - Uploaded Q1 FY26 earnings call transcript on investor website as per SEBI regulations.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17h - L&T secures significant 116 MWac solar plus 241 MWh BESS order in Bihar, largest co-located storage project in India.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper advertisement - Public Notice to Shareholders- Special Window for re-lodgment of Transfer requests of Physical Shares in reference to SEBI Circular dated July 02, …
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Aug - L&T wins ₹2,500-5,000 Cr EPC contract from Hindustan Zinc for zinc processing facility in Rajasthan.
Annual reports
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jul 2025TranscriptNotesPPT REC
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Business segments
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