Larsen & Toubro Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.9%)
Concerns
Today's Price Action
The stock closed at ₹3801.3, unchanged from the previous session. Trading volume matched the 20‑day average at 61,73,500 shares, indicating neutral participation. The unchanged close suggests that demand and supply forces are in equilibrium, with no significant intraday swing.
Valuation Snapshot
Larsen & Toubro Limited trades at a forward P/E of 28.5, while the construction sector reports a zero P/E due to mixed earnings disclosures. The company’s return on equity stands at 15.9%, reflecting a moderate profitability level. Given the sector’s undefined earnings multiple, the absolute P/E provides a reference point for comparing earnings yield against peers.
Key Levels to Watch
The current price sits roughly midway between the 52‑week low of ₹3288 and the high of ₹4440, offering a balanced reference range. Open‑interest data from nearby options contracts highlight resistance near ₹4100 and support around ₹3800. The ₹3800 level coincides with a historic high‑volume node, often acting as a psychological pivot.
Chart Pattern
In the daily chart, a bearish Harami formed two days ago, followed by a bullish engulfing three days ago and a hanging man six days ago, illustrating short‑term indecision and alternating momentum. These formations appeared on the daily timeframe and suggest that price action is experiencing a consolidation phase.
Data Summary
The most recent metrics show a P/E of 28.5, a P/B of 0, and an ROE of 15.9%, with market capitalization reported as zero crore. Volume and price have remained stable, and the 52‑week range spans ₹3288 to ₹4440. The price‑to‑book ratio of zero underscores a balance sheet characteristic where equity is comparable to book value, while the stable volume aligns with historical averages.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RVNL Rail Vikas Nigam Limited | ₹184 | ₹38K Cr | 42 | 3.91 | 9.02 | 10.8 | 0.52 |
| KPIL Kalpataru Projects International Limited | ₹— | ₹22K Cr | 19.8 | — | 13.7 | 18.3 | 0.69 |
| CEMPRO Cemindia Projects Limited | ₹— | ₹21K Cr | 35.2 | 7.46 | 27.8 | 32.8 | 0.38 |
| IRB IRB Infrastructure Developers Limited | ₹— | ₹20K Cr | 19.9 | 1.22 | 4.29 | 7.47 | 0.96 |
| NBCC NBCC (India) Limited | ₹70 | ₹18K Cr | 26.8 | 6.24 | 20.4 | 29.3 | 0 |
| ENGINERSIN Engineers India Limited | ₹— | ₹14K Cr | 17.4 | 4.71 | 23.4 | 30.4 | 0.01 |
| CMPDI Central Mine Planning & Design Institute Limited | ₹— | ₹13K Cr | 19.7 | — | 32.7 | — | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
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 informs exchange about credit rating update
*L&T informs exchange about credit rating update.* The company has disclosed a credit rating update to the stock exchange. No specific rating change details provided. Event is routine and informational in nature. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
L&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
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 12.8% | ₹2.2L Cr 15.0% | ₹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 | ₹36.3K Cr 5.2% | ₹34.6K Cr 20.1% | ₹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 | 13.0% 7.1% | 14.0% 7.7% | 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 | ₹4.1K Cr 31.8% | ₹3.1K Cr 37.9% | ₹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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