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Larsen & Toubro Limited

Larsen & Toubro Limited

LTOD.L
Larsen & Toubro LimitedGB flagLondon Stock Exchange
42.15
USD
+0.05
- -
59.24BMarket Cap
Larsen & Toubro Limited
LTOD.L
(London Stock Exchange)

Recent

price

42.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
381.82
463.08
535.18
607.69
642.82
716.49
771.44
841.83
951.03
1,028.3
957.71
1,108.19
1,292.73
1,576.58
1,848.8
2,066.37
1,921.99
Revenue per Share
33.27
34.14
37.69
35.31
34.22
30.32
43.2
52.62
63.51
68.04
82.49
61.71
74.51
93.96
109.36
116.93
115.4
Basic EPS, GAAP
-65.48
-98.39
-88.23
-101.65
-54.71
-54.16
26.3
-92.16
-64.64
23.21
151.45
114.28
132.6
98.93
34.42
86.75
- -
Free Cash Flow per Basic Share
6.42
6.45
7.33
8.22
9.5
10.83
12.17
14
16
28
26
18
22
30.34
28
34
- -
Dividend per Share
123.65
145.77
0.92
194.03
214.64
228.56
268.3
295.28
345.61
377.75
436.11
479.95
532.29
573.92
656.36
734.57
- -
Book Value per Share
120.19
138.15
142.25
139.29
248.47
257.04
281.86
322.8
368.84
345.95
431.18
490.34
552.53
555.59
653.14
857.49
- -
Tangible Book Value per Share
1,363
1,375
1,381
1,388
1,393
1,396
1,399
1,401
1,402
1,403
1,404
1,405
1,405
1,390
1,375
1,375
1,375
Basic Weighted Avg Shares
520,438
636,730
739,258
843,549
895,139
1,000,328
1,078,875
1,179,081
1,333,422
1,443,080
1,344,768
1,556,725
1,816,614
2,191,157
2,542,086
2,842,252
2,642,936
Sales/Revenue/Turnover
12.66
12.19
12.01
11.42
8.35
8.51
8.49
10.18
10.5
10.79
11.62
12.42
10.74
9.92
10.42
9.52
8.7
Operating Margin (%)
13,189
15,803
16,371
14,458
26,230
17,867
23,699
19,287
19,230
24,623
28,135
29,380
33,842
36,747
40,982
43,447
41,566
Depreciation Expense
45,347
46,937
52,057
49,020
47,648
42,329
60,412
73,699
89,051
95,490
115,829
86,693
104,707
130,591
150,371
160,840
158,686
Net Income, GAAP
34.49
32.86
31.4
35.12
31.22
30.98
22.58
27.48
29.61
24.3
32.78
29
26.21
24.11
24.99
26.24
24.99
Effective Tax Rate (%)
8.71
7.37
7.04
5.81
5.32
4.23
5.6
6.25
6.68
6.62
8.61
5.57
5.76
5.96
5.92
5.66
6
Profit Margin (%)
140,400
182,109
218,008
174,047
205,822
224,061
294,152
323,561
329,891
379,607
575,588
487,625
601,383
414,791
433,708
638,138
- -
Working Capital
248,411
366,564
473,921
554,449
512,527
599,108
673,406
720,095
731,445
826,689
826,141
630,360
628,640
582,418
597,686
665,061
- -
LT Debt
260,766
311,402
365,126
408,908
431,787
470,732
526,031
601,049
692,009
762,440
879,201
953,737
1,035,672
1,025,497
1,154,037
1,285,305
- -
Total Equity
8.66
7.69
6.65
5.53
4.27
4.71
5.13
5.64
5.54
5.79
4.83
6.29
6.55
7.54
8.61
8.03
- -
Return on Invested Capital (%)
12.19
9.24
9.68
7.84
5.88
4.33
5.14
5.45
5.31
5.36
6.28
4.41
5.18
6.28
6.58
6.3
14.48
Return on Capital (%)
29.59
25.44
51.62
36.23
16.77
13.7
17.4
18.69
19.83
18.82
20.28
13.48
14.72
16.9
17.69
16.82
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
726,403
- -
LT Borrowings
- -
575,033
- -
LT Finance Leases
- -
22,652
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,375
- -
Market Capitalization
4,943,547
4,723,585
5,045,816

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
2,453,417
- -
Cash, Cash Equivalents & STI
- -
604,341
- -
Accounts Receivable, Net
- -
537,137
- -
Inventories
- -
76,706
- -
Total Current Liabilities
- -
2,019,709
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
726,403
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.66%
8%
11.37%
Free Cash Flow
-16.05%
10.38%
152.12%
Net Income, GAAP
15.65%
8.49%
6.96%
Sales/Revenue/Turnover
11.25%
16.18%
11.81%
Total Cash Common Dividend
15.09%
8.14%
21.47%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
478,824
510,240
551,278
650,815
2,191,157
2025
551,198
615,546
646,678
743,923
2,542,086
2026
636,789
714,497
827,622
- -
2,842,252

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.74
22.94
21.44
- -
93.96
2025
20.26
24.69
24.43
39.98
109.36
2026
26.3
23.37
38.71
- -
116.93

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
30.34
2025
- -
- -
- -
- -
28
2026
- -
- -
- -
- -
34
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Business
Larsen & Toubro Limited is a global player in engineering, construction, and diverse manufacturing sectors. Its Infrastructure vertical delivers expertise in constructing buildings, factories, transportation networks, heavy civil projects, power transmission, water management, and specialized material handling systems. The Hydrocarbon segment offers comprehensive engineering, procurement, and construction solutions, serving the oil and gas industry. Within the Power sector, the company provides complete solutions for thermal power plants, encompassing generation equipment and balance-of-plant systems. The Heavy Engineering division designs and fabricates custom, high-criticality equipment for industries like fertilizers, refining, petrochemicals, chemicals, and both thermal and nuclear power. In Defence Engineering, L&T is involved in the design, development, production, and support of equipment, systems, and platforms for aerospace and defense, including the construction and maintenance of defense vessels, notably securing recent contracts for manufacturing BvS10 Sindhu vehicles for the Indian Army and partnering for unmanned aircraft systems. The 'Others' category covers realty, smart world solutions, communication systems including military applications, and the sale and servicing of construction and mining machinery. This segment also encompasses digital ventures like the B2B e-commerce platform SuFin and EduTech for higher education and professional upskilling. Established in 1938, the company maintains its headquarters in Mumbai, India.