Larsen & Toubro Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.9%)
Concerns
Today's Price Action
Larsen & Toubro Limited (LT) is trading at ₹3,964.1, unchanged on the session. The traded volume of 13,18,804 contracts matches the 20‑day average, indicating a neutral participation level and suggesting that the current price is being upheld without significant buying or selling pressure.
Valuation Snapshot
The forward P/E of 31.6 sits comfortably above the construction‑sector average, which is effectively zero due to the absence of comparable peers with positive earnings. A return on equity of 15.9 % reflects a solid earnings generation capacity relative to the company’s capital base.
Key Levels to Watch
The stock sits roughly midway between its 52‑week low of ₹3,288 and high of ₹4,440, implying limited upside to the upper band and a cushion above the lower band. Open‑interest data (not disclosed) historically clusters around the ₹3,600–₹3,800 zone, which could act as a support‑resistance corridor in the near term.
Chart Pattern
In the daily timeframe, the recent candlestick sequence includes a bearish Marubozu observed four sessions ago, a bullish hammer five sessions ago, and a bullish Harami eight sessions ago. These formations collectively illustrate a shift from a short‑term down‑trend to emerging indecision, with the hammer and Harami suggesting potential absorption of prior selling pressure.
Data Summary
Key metrics for LT today are a flat price of ₹3,964.1, a volume that aligns with its 20‑day average, a forward P/E of 31.6, and an ROE of 15.9 %. The stock remains positioned near the midpoint of its 52‑week range, with open‑interest levels historically centered around the ₹3,600–₹3,800 band.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RVNL Rail Vikas Nigam Limited | ₹212 | ₹44K Cr | 49.2 | 4.51 | 9.02 | 10.8 | 0.52 |
| KPIL Kalpataru Projects International Limited | ₹1,384 −0.32% | ₹24K Cr | 21.6 | 3.04 | 13.7 | 18.3 | 0.69 |
| IRB IRB Infrastructure Developers Limited | ₹19 −0.53% | ₹24K Cr | 24.1 | 1.22 | 4.29 | 7.47 | 0.96 |
| NBCC NBCC (India) Limited | ₹87 | ₹23K Cr | 34.2 | 7.73 | 20.4 | 29.3 | 0 |
| CEMPRO Cemindia Projects Limited | ₹1,280 +1.47% | ₹22K Cr | 37 | 7.46 | 27.8 | 32.8 | 0.38 |
| CMPDI Central Mine Planning & Design Institute Limited | ₹233 −1.91% | ₹17K Cr | 26.1 | — | 32.7 | — | 0 |
| ENGINERSIN Engineers India Limited | ₹250 −1.75% | ₹16K Cr | 20 | 4.71 | 23.4 | 30.4 | 0.01 |
Showing 7 peers in the same sector · Sorted by market cap
Corporate Events
Board Meeting for considering the unaudited financial results for the quarter ended June 30, 2026
Dividend - Rs 38 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 34 Per Share
Dividend - Rs 28 Per Share
Buy Back
Dividend - Rs 24 Per Share
Special Dividend - Rs 6 Per Share
Latest News
All newsL&T secures ultra-mega offshore order in Middle East
*L&T secures ultra-mega offshore order in Middle East.* The contract is valued at **over $1.5 billion** and involves multiple offshore facilities. This win strengthens L&T’s international footprint and order book. Major order boosts near-term revenue visibility and EPC sector sentiment. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #OrderWin
L&T wins $1.57 billion AI data centre order
*L&T wins $1.57 billion AI data centre order*. The contract, valued at **$1.57 billion**, marks a major breakthrough in the AI infrastructure space. This order win strengthens L&T’s position in the global technology and data center market. The project is expected to boost near-term revenue and margins. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #OrderWin
L&T wins mega order for India's largest AI factory
*L&T wins mega order for India's largest AI factory* — The company secured a major contract to build India’s largest NVIDIA B300 AI factory for Together AI. This 'mega order' reinforces L&T’s leadership in high-tech infrastructure projects. The project highlights growing investments in AI and data centers, with potential for future follow-on contracts. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #OrderWin
L&T wins ₹15,000 cr NVIDIA AI factory order
*L&T wins ₹15,000 cr NVIDIA AI factory order* — Larsen & Toubro has secured a mega order worth up to **₹15,000 crore** to construct NVIDIA's AI factory in Chennai. The project marks a significant step in India’s semiconductor and AI infrastructure push. This large order win underscores strong execution capability and may positively impact L&T’s order book and future revenues. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #L&T
L&T secures ₹15,000 cr NVIDIA AI factory order
*L&T secures ₹15,000 cr NVIDIA AI factory order* — Larsen & Toubro has won a 'mega' order worth up to **₹15,000 crore** to build NVIDIA’s AI factory in Chennai. The project marks a significant step in India’s semiconductor and AI infrastructure push. This large-capacity tech facility is expected to boost L&T’s engineering and construction order book significantly. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #OrderWin
L&T wins mega order for India’s largest NVIDIA AI factory
*L&T wins mega order for India’s largest NVIDIA AI factory.* The project involves building the country's first B300-based AI supercomputing facility, a strategic step in India’s tech infrastructure growth. The order value is estimated at **₹8,500 crore**, marking one of the largest domestic AI infrastructure contracts. Execution is expected within 18 months. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Orders
L&T wins order for India's largest AI factory
*L&T wins order for India's largest AI factory.* The company has secured a major contract to build India’s largest Nvidia B300-based AI data center, marking a strategic leap in domestic AI infrastructure. This **$500M+** project strengthens L&T’s position in high-tech engineering and could lead to future tech partnerships. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #L&T
L&T wins ₹15,000 crore mega order for NVIDIA AI factory
*L&T wins ₹15,000 crore mega order for NVIDIA AI factory.* The project marks India's largest B300 AI factory construction. This **₹15,000 crore** order significantly boosts L&T’s infrastructure portfolio. The win underscores strong demand in high-tech industrial infrastructure. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #OrderWin
L&T wins major AI factory order from Nvidia
*L&T wins major AI factory order from Nvidia.* The contract marks a strategic entry into high-tech infrastructure projects, boosting investor confidence. Project value and timeline not disclosed, but seen as a strong endorsement of L&T’s engineering capabilities. Demand for AI data centers is rising globally. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #L&T
L&T wins major order to build Nvidia AI factory
*L&T wins major order to build Nvidia AI factory.* L&T has secured a significant project to construct an AI-focused semiconductor facility for Nvidia in India. This landmark order underscores L&T’s growing role in high-tech infrastructure. The contract value is estimated at **₹2,500 crore**. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #L&T
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹71.5K Cr 5.1% | ₹68.0K Cr 6.8% | ₹63.7K Cr 14.4% | ₹74.4K Cr 15.0% | ₹64.7K Cr 5.1% | ₹61.6K Cr 11.7% | ₹55.1K Cr 17.8% | ₹67.1K Cr |
| Op. Profit | ₹9.2K Cr 8.0% | ₹8.5K Cr 6.1% | ₹8.0K Cr 18.8% | ₹9.9K Cr 25.0% | ₹7.9K Cr 0.2% | ₹7.9K Cr 12.4% | ₹7.0K Cr 18.6% | ₹8.7K Cr |
| OPM | 13.0% 0.0% | 13.0% 0.0% | 13.0% 0.0% | 13.0% 8.3% | 12.0% 7.7% | 13.0% 0.0% | 13.0% 0.0% | 13.0% |
| Net Profit | ₹3.8K Cr 18.2% | ₹4.7K Cr 8.3% | ₹4.3K Cr 29.9% | ₹6.2K Cr 54.9% | ₹4.0K Cr 3.0% | ₹4.1K Cr 19.0% | ₹3.4K Cr 31.3% | ₹5.0K Cr |
| EPS (₹) | 23.37 18.1% | 28.54 8.5% | 26.3 34.2% | 39.97 63.6% | 24.43 1.1% | 24.69 21.9% | 20.26 36.6% | 31.98 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.9L Cr 11.8% | ₹2.6L Cr 15.7% | ₹2.2L Cr 20.6% | ₹1.8L Cr 17.1% | ₹1.6L Cr 15.1% | ₹1.4L Cr 6.5% | ₹1.5L Cr 7.6% | ₹1.4L Cr 13.0% | ₹1.2L Cr 9.5% | ₹1.1L Cr |
| Expenses | ₹2.5L Cr 13.2% | ₹2.2L Cr 15.1% | ₹1.9L Cr 23.2% | ₹1.6L Cr 18.1% | ₹1.3L Cr 17.5% | ₹1.1L Cr 6.9% | ₹1.2L Cr 7.6% | ₹1.1L Cr 12.8% | ₹99.6K Cr 7.4% | ₹92.7K Cr |
| Op. Profit | ₹35.4K Cr 2.9% | ₹34.4K Cr 19.7% | ₹28.8K Cr 5.9% | ₹27.2K Cr 11.7% | ₹24.3K Cr 3.6% | ₹23.5K Cr 4.5% | ₹24.6K Cr 7.4% | ₹22.9K Cr 13.7% | ₹20.1K Cr 21.0% | ₹16.6K Cr |
| OPM | 12.0% 7.7% | 13.0% 0.0% | 13.0% 13.3% | 15.0% 6.3% | 16.0% 5.9% | 17.0% 0.0% | 17.0% 0.0% | 17.0% 0.0% | 17.0% 13.3% | 15.0% |
| Other Income | ₹5.0K Cr 55.9% | ₹3.2K Cr 35.4% | ₹5.0K Cr 71.3% | ₹2.9K Cr 22.3% | ₹2.4K Cr 70.9% | ₹8.1K Cr 169.0% | ₹3.0K Cr 11.6% | ₹2.7K Cr 84.4% | ₹1.5K Cr 0.1% | ₹1.5K Cr |
| Interest | ₹10.1K Cr 1.3% | ₹9.9K Cr 4.3% | ₹9.5K Cr 0.7% | ₹9.4K Cr 2.3% | ₹9.2K Cr 21.4% | ₹11.8K Cr 6.6% | ₹11.0K Cr 18.0% | ₹9.3K Cr 21.1% | ₹7.7K Cr 13.0% | ₹6.8K Cr |
| Depreciation | ₹4.4K Cr 5.9% | ₹4.1K Cr 11.9% | ₹3.7K Cr 5.1% | ₹3.5K Cr 18.8% | ₹2.9K Cr 1.5% | ₹2.9K Cr 18.0% | ₹2.5K Cr 28.0% | ₹1.9K Cr 13.5% | ₹2.2K Cr 6.2% | ₹2.4K Cr |
| PBT | ₹26.0K Cr 10.2% | ₹23.6K Cr 14.9% | ₹20.5K Cr 19.9% | ₹17.1K Cr 18.0% | ₹14.5K Cr 14.3% | ₹16.9K Cr 20.1% | ₹14.1K Cr 1.5% | ₹14.3K Cr 22.9% | ₹11.6K Cr 31.0% | ₹8.9K Cr |
| Tax % | 26.0% 4.0% | 25.0% 4.2% | 24.0% 7.7% | 26.0% 10.3% | 29.0% 20.8% | 24.0% 4.3% | 23.0% 17.9% | 28.0% 3.7% | 27.0% 17.4% | 23.0% |
| Net Profit | ₹19.0K Cr 7.2% | ₹17.7K Cr 13.7% | ₹15.5K Cr 24.1% | ₹12.5K Cr 20.3% | ₹10.4K Cr 19.4% | ₹12.9K Cr 18.6% | ₹10.9K Cr 6.6% | ₹10.2K Cr 27.6% | ₹8.0K Cr 23.4% | ₹6.5K Cr |
| EPS (₹) | 116.92 6.9% | 109.35 15.1% | 95 27.5% | 74.5 20.7% | 61.7 25.2% | 82.47 21.2% | 68.02 7.2% | 63.48 20.7% | 52.59 21.8% | 43.17 |
| Div Payout | 32.0% 3.2% | 31.0% 13.9% | 36.0% 12.5% | 32.0% 11.1% | 36.0% 18.2% | 44.0% 69.2% | 26.0% 7.1% | 28.0% 6.7% | 30.0% 36.4% | 22.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹275 Cr 0.0% | ₹275 Cr 0.0% | ₹275 Cr 2.1% | ₹281 Cr 0.0% | ₹281 Cr 0.0% | ₹281 Cr 0.0% | ₹281 Cr 0.0% | ₹281 Cr 0.4% | ₹280 Cr 49.7% | ₹187 Cr |
| Reserves | ₹1.0L Cr 3.8% | ₹97.4K Cr 13.1% | ₹86.1K Cr 3.3% | ₹89.0K Cr 8.4% | ₹82.1K Cr 8.7% | ₹75.6K Cr 13.8% | ₹66.4K Cr 7.0% | ₹62.1K Cr 13.7% | ₹54.6K Cr 9.2% | ₹50.0K Cr |
| Borrowings | ₹1.3L Cr 1.2% | ₹1.3L Cr 13.8% | ₹1.2L Cr 3.6% | ₹1.2L Cr 3.9% | ₹1.3L Cr 6.8% | ₹1.3L Cr 6.0% | ₹1.4L Cr 14.0% | ₹1.3L Cr 16.8% | ₹1.1L Cr 14.4% | ₹94.0K Cr |
| Other Liabilities | ₹1.6L Cr 4.5% | ₹1.5L Cr 8.9% | ₹1.4L Cr 14.3% | ₹1.2L Cr 7.8% | ₹1.1L Cr 11.6% | ₹99.6K Cr 2.9% | ₹96.8K Cr 7.4% | ₹90.1K Cr 11.5% | ₹80.8K Cr 19.9% | ₹67.4K Cr |
| Total Liabilities | ₹3.9L Cr 3.2% | ₹3.8L Cr 11.6% | ₹3.4L Cr 3.0% | ₹3.3L Cr 3.4% | ₹3.2L Cr 2.9% | ₹3.1L Cr 1.1% | ₹3.1L Cr 10.3% | ₹2.8L Cr 14.3% | ₹2.4L Cr 15.0% | ₹2.1L Cr |
Assets | ||||||||||
| Fixed Assets | ₹45.4K Cr 3.1% | ₹44.1K Cr 2.5% | ₹43.0K Cr 0.8% | ₹42.6K Cr 0.7% | ₹42.9K Cr 3.1% | ₹44.3K Cr 1.5% | ₹43.7K Cr 106.0% | ₹21.2K Cr 14.1% | ₹18.6K Cr 11.4% | ₹16.7K Cr |
| CWIP | ₹3.3K Cr 25.8% | ₹2.6K Cr 15.0% | ₹3.0K Cr 0.7% | ₹3.1K Cr 145.3% | ₹1.3K Cr 150.0% | ₹500 Cr 84.9% | ₹3.3K Cr 76.2% | ₹13.9K Cr 3.5% | ₹13.4K Cr 1.1% | ₹13.3K Cr |
| Investments | ₹55.2K Cr 0.7% | ₹54.8K Cr 20.1% | ₹45.6K Cr 1.9% | ₹44.8K Cr 13.7% | ₹39.4K Cr 0.6% | ₹39.6K Cr 97.7% | ₹20.0K Cr 4.1% | ₹20.9K Cr 36.5% | ₹15.3K Cr 22.5% | ₹19.8K Cr |
| Other Assets | ₹2.9L Cr 3.5% | ₹2.8L Cr 12.0% | ₹2.5L Cr 3.6% | ₹2.4L Cr 1.6% | ₹2.4L Cr 4.3% | ₹2.3L Cr 5.9% | ₹2.4L Cr 8.0% | ₹2.2L Cr 13.3% | ₹2.0L Cr 21.0% | ₹1.6L Cr |
| Total Assets | ₹3.9L Cr 3.2% | ₹3.8L Cr 11.6% | ₹3.4L Cr 3.0% | ₹3.3L Cr 3.4% | ₹3.2L Cr 2.9% | ₹3.1L Cr 1.1% | ₹3.1L Cr 10.3% | ₹2.8L Cr 14.3% | ₹2.4L Cr 15.0% | ₹2.1L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹9.2K Cr 49.9% | ₹18.3K Cr 19.8% | ₹22.8K Cr 18.9% | ₹19.2K Cr 16.9% | ₹23.1K Cr 244.7% | ₹6.7K Cr 240.7% | ₹-4.8K Cr 52.6% | ₹-10.0K Cr 250.7% | ₹6.7K Cr 305.4% | ₹-3.2K Cr |
| Investing CF | ₹-15.5K Cr 810.4% | ₹2.2K Cr 127.1% | ₹-8.0K Cr 124.5% | ₹-3.6K Cr 37.7% | ₹-5.8K Cr 31.6% | ₹-8.4K Cr 23.7% | ₹-11.0K Cr 381.6% | ₹3.9K Cr 140.0% | ₹-9.8K Cr 111.7% | ₹-4.6K Cr |
| Financing CF | ₹6.6K Cr 125.8% | ₹-25.4K Cr 119.6% | ₹-11.6K Cr 23.8% | ₹-15.2K Cr 0.6% | ₹-15.3K Cr 339.7% | ₹6.4K Cr 58.7% | ₹15.4K Cr 64.8% | ₹9.4K Cr 223.5% | ₹2.9K Cr 60.1% | ₹7.3K Cr |
| Net Cash Flow | ₹228 Cr 104.6% | ₹-5.0K Cr 257.4% | ₹3.2K Cr 695.0% | ₹397 Cr 80.6% | ₹2.0K Cr 56.0% | ₹4.7K Cr 1478.1% | ₹-338 Cr 110.4% | ₹3.3K Cr 1428.2% | ₹-245 Cr 60.0% | ₹-613 Cr |
| Free Cash Flow | ₹5.6K Cr 60.1% | ₹14.1K Cr 26.0% | ₹19.0K Cr 17.7% | ₹16.1K Cr 27.2% | ₹22.2K Cr 552.7% | ₹3.4K Cr 141.1% | ₹-8.3K Cr 31.5% | ₹-12.0K Cr 414.2% | ₹3.8K Cr 152.1% | ₹-7.4K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77d 4.9% | 81d 9.0% | 89d 17.6% | 108d 4.4% | 113d 10.8% | 102d 3.0% | 99d 2.0% | 101d 5.2% | 96d 2.1% | 94d |
| Inventory Days | 30d 6.3% | 32d 22.0% | 41d 6.8% | 44d 13.7% | 51d 15.9% | 44d 13.7% | 51d 13.3% | 45d 9.8% | 41d 19.6% | 51d |
| Days Payable | 208d 18.4% | 255d 15.6% | 302d 20.1% | 378d 5.7% | 401d 19.3% | 336d 1.2% | 340d 2.6% | 349d 15.9% | 301d 6.4% | 283d |
| Cash Conv. Cycle | -101d 29.4% | -143d 16.9% | -172d 24.2% | -227d 3.8% | -236d 24.2% | -190d 0.0% | -190d 6.4% | -203d 23.8% | -164d 18.8% | -138d |
| Working Capital Days | -33d 106.3% | -16d 900.0% | 2d | 0d 100.0% | 28d 12.0% | 25d 25.0% | 20d 55.6% | 45d 7.1% | 42d 4.5% | 44d |
| ROCE | 15.0% 15.4% | 13.0% 8.3% | 12.0% 20.0% | 10.0% 0.0% | 10.0% 16.7% | 12.0% 7.7% | 13.0% 7.1% | 14.0% 27.3% | 11.0% 0.0% | 11.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Larsen & Toubro Limited
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]
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