Larsen & Toubro Limited

Larsen & Toubro Limited

LTOUF
Larsen & Toubro LimitedUS flagOther OTC
41.95
USD
- -
- -
57.71BMarket Cap
Larsen & Toubro Limited
LTOUF
(Other OTC)

Recent

price

41.95

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
5,373,164
4,230,076
5,739,027

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
Business
Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate headquartered in Mumbai and founded in 1938 that engages in engineering, procurement, and construction (EPC) projects; hi-tech manufacturing; and services across infrastructure, hydrocarbon, power, heavy engineering, defence, information technology, financial services, and development projects. The company operates in over 50 countries with a manufacturing footprint in eight countries beyond India and delivers integrated capabilities from design to delivery in sectors including buildings and factories; transportation infrastructure such as roads, highways, bridges, airports, and railways; heavy civil infrastructure like dams, tunnels, and metro systems; power transmission and distribution; water and renewable energy; oil and gas refineries and petrochemicals; custom-engineered equipment and critical piping for fertilizer, chemical, thermal, nuclear, aerospace, and defence industries; defence systems including weapons, missiles, and submarines; IT and digital solutions through subsidiaries like LTIMindtree and L&T Technology Services; and financial services via L&T Finance. Key subsidiaries encompass L&T Construction, L&T Realty, L&T Energy Hydrocarbon, L&T Power, L&T Heavy Engineering, L&T Shipbuilding, and L&T-SuFin. Recent developments include the rebranding of its data centre business as Larsen & Toubro-Vyoma in November 2025; strategic partnerships such as with BAE Systems for Indian Army licensed manufacturing of BvS10 vehicles, Holtec for nuclear power heat transfer solutions, and GA-ASI for MALE RPAS manufacture in October 2025; an agreement with Nibe Space and others for India's first multi-sensor Earth observation satellite constellation in September 2024; acquisition of up to 21% stake in E2E Networks in November 2024 to bolster AI and cloud services; securing a record US$4 billion order from QatarEnergy LNG in March 2025 for offshore compression complexes; plans to expand data centre capacity sixfold to 200 MW; and large contracts for power transmission, solar PV, battery projects, and hydrocarbon onshore business in 2025.

Company News

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