Larsen & Toubro Limited

Larsen & Toubro Limited

3,638.30
INR
+2.30
(+0.06%)
149.76EPS
35.01P/E
4.88TMarket Cap
Oct 27Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
2,077.83
Basic EPS, GAAP
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
118.35
Free Cash Flow per Basic Share
-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
- -
Dividend per Share
8.22
9.5
10.83
12.17
14
16
28
26
18
22
30.34
28
34
- -
Book Value per Share
271.23
295.54
316.2
353.45
391.78
444.67
475.27
540.16
586.52
635.55
628.22
710.12
794.47
- -
Tangible Book Value per Share
116.2
234.01
236.13
259.24
285.51
320.01
278
345.25
397.96
451.11
443.93
523.99
717.53
- -
Basic Weighted Avg Shares
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
1,376
Sales/Revenue/Turnover
843,549
895,139
1,000,328
1,078,875
1,179,081
1,333,422
1,443,081
1,344,768
1,556,725
1,816,614
2,191,157
2,542,087
2,842,252
2,858,325
Operating Margin (%)
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
8.45
Depreciation Expense
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
43,053
Net Income, GAAP
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
162,808
Effective Tax Rate (%)
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
26.64
Profit Margin (%)
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
5.7
Working Capital
174,047
205,822
224,061
294,153
323,561
329,891
379,607
575,588
487,625
601,383
414,791
433,708
638,138
- -
LT Debt
554,449
512,527
599,109
673,406
720,095
731,445
826,689
826,141
630,360
628,640
582,418
597,686
665,061
- -
Total Equity
408,908
431,787
470,732
526,031
601,049
692,009
762,441
879,201
953,737
1,035,672
1,025,497
1,154,037
1,285,305
- -
Return on Invested Capital (%)
5.65
4.94
4.77
5.01
5.16
5.1
4.99
3.84
4.89
5.7
7.04
7.3
6.49
- -
Return on Capital (%)
6.25
5.34
3.93
4.69
5
4.9
5
5.87
4.12
4.84
5.98
6.39
6.1
- -
Return on Common Equity (%)
13.7
12.08
9.91
12.9
14.12
15.19
14.79
16.25
10.95
12.19
14.87
16.34
15.54
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
589,910
- -
LT Borrowings
- -
637,386
- -
LT Finance Leases
- -
27,675
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,181
1,376
1,177
Market Capitalization
4,821,361
4,820,353
4,876,988

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,183,113
- -
Cash, Cash Equivalents & STI
- -
766,249
- -
Accounts Receivable, Net
- -
604,613
- -
Inventories
- -
95,309
- -
Total Current Liabilities
- -
2,544,975
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
589,910
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
551,198
615,546
646,678
743,923
2,542,087
2026
636,789
- -
714,497
827,622
2,842,252
2027
679,417
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
20.26
24.69
24.43
39.98
109.36
2026
26.3
- -
23.37
38.71
116.93
2027
29.97
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
28
2026
- -
- -
- -
- -
34
2027
- -
- -
- -
- -
- -

Company Description

CEO
Sekharipuram Narayan Subrahmanyan
Full Time Employees
437,442
Sector
Industrial services
Industry
Engineering & construction
Address
L&T House Mumbai MH India 400001
IPO Date
Nov 3, 1994
Business
Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate engaged in engineering, procurement, and construction (EPC) projects; hi-tech manufacturing; and services across infrastructure, energy, defense, technology, and financial sectors; headquartered in Mumbai, Maharashtra, and founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro. The company offers a diverse portfolio of core products and services, including heavy engineering equipment and critical piping systems for fertilizer, refinery, petrochemical, oil & gas, thermal, nuclear power, aerospace, and defense industries; construction of buildings & factories, transportation infrastructure such as roads, highways, bridges, airports, and railways, heavy civil infrastructure including dams, tunnels, metro systems, and water supply; hi-tech manufacturing encompassing valves, energy hydrocarbon solutions, power systems, precision engineering, shipbuilding, and rubber processing machinery; IT and technology services through subsidiaries like LTIMindtree and L&T Technology Services; financial services via L&T Finance; and digital platforms such as L&T-SuFin; with manufacturing footprint across eight countries beyond India and operations in over 50 countries worldwide targeting governments, private enterprises, and institutions in high-impact economic sectors. Recent major developments include the November 2024 announcement of a strategic investment for up to 21% stake in E2E Networks Limited, complemented by software license, reseller, and colocation agreements to expand in AI and cloud services; acquisition of the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited from Nuclear Power Corporation in February 2025; completion of full ownership in the L&T-Chiyoda Limited joint venture; securing a landmark US$4 billion order from QatarEnergy LNG in March 2025 for offshore compression complexes, the largest in company history; partnerships with ReNew Power for green hydrogen, the U.S. Navy for ship repair, and BAE Systems for licensed manufacturing of BvS10 armored vehicles for the Indian Army in November 2025; and order wins for data centers in Uzbekistan and residential towers from Brigade Group, alongside credit upgrades to BBB+ and a strong 'CRISIL ESG 63' rating.

Company News

  • Larsen & Toubro Limited (LTOUF) Q1 2027 Earnings Call Transcript

  • Larsen & Toubro (OTCMKTS:LTOUF) Stock Price Up 1% – Time to Buy?

  • Larsen & Toubro Limited (LTOUF) Q3 2026 Earnings Call Transcript

  • JA Solar Secures 1.2 GW Module Supply Deal for Samarkand 1 and 2 PV Projects in Uzbekistan

  • Larsen & Toubro Limited (LTOUF) Q2 2026 Earnings Call Transcript

  • Larsen & Toubro Limited (LTOUF) Q3 2025 Earnings Call Transcript

  • Larsen & Toubro Limited (LTOUF) Q1 2025 Earnings Call Transcript

  • India Prefabricated Construction Industry Business Report 2024: Industry Leaders like Larsen & Toubro and Tata Realty & Infrastructure Embrace Prefabrication and Precast Technology

  • Larsen & Toubro Limited (LTOUF) Q3 2024 Earnings Call Transcript