Share Price and Basic Stock Data
Last Updated: November 6, 2025, 9:24 pm
| PEG Ratio | 5.72 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Larsen & Toubro Ltd (L&T), a leading player in the construction, contracting, and engineering sector, reported a share price of ₹3,973 and a market capitalization of ₹5,46,481 Cr. The company’s revenue from operations has shown a robust upward trend, with sales rising from ₹156,521 Cr in FY 2022 to ₹183,341 Cr in FY 2023, and projected to reach ₹221,113 Cr in FY 2024. This represents a growth rate of approximately 17% year-on-year. In the quarterly breakdown, sales for March 2024 stood at ₹67,079 Cr, indicating strong performance in that period. The steady increase in sales reflects L&T’s solid order book and diversified project portfolio across various sectors, contributing to its revenue stability and growth.
Profitability and Efficiency Metrics
L&T’s profitability metrics illustrate its operational efficacy. The company’s net profit for FY 2025 was reported at ₹17,673 Cr, with an impressive return on equity (ROE) of 16.6% and return on capital employed (ROCE) at 14.5%. The operating profit margin (OPM) for the same period stood at 13%, indicating effective cost management despite rising expenses. The interest coverage ratio (ICR) of 9.16x further highlights L&T’s ability to meet its interest obligations, reflecting financial health. The company’s cash conversion cycle (CCC) stood at -101 days, showcasing efficient working capital management, as it collects receivables faster than it pays its suppliers, a significant advantage in the capital-intensive construction sector.
Balance Sheet Strength and Financial Ratios
Analyzing L&T’s balance sheet reveals significant financial strength, with total borrowings amounting to ₹132,409 Cr against reserves of ₹97,381 Cr. The debt-to-equity ratio stood at 1.33x, indicating a balanced approach to leveraging while maintaining financial stability. Additionally, the company’s current ratio of 1.21x and quick ratio of 1.18x suggest adequate liquidity to cover short-term obligations. The price-to-book value (P/BV) ratio of 4.92x reflects investor confidence in L&T’s growth prospects compared to typical sector ranges. Furthermore, with a consistent dividend payout ratio averaging around 30% over recent years, L&T demonstrates a commitment to returning value to shareholders while retaining sufficient earnings for reinvestment.
Shareholding Pattern and Investor Confidence
The shareholding pattern of L&T reflects a healthy distribution of ownership among institutional and retail investors. As of June 2025, Foreign Institutional Investors (FIIs) held 19.33%, while Domestic Institutional Investors (DIIs) accounted for 43.48%, and the public held 36.95%. This diversified ownership structure indicates strong institutional confidence in L&T’s business model and growth trajectory. Notably, the number of shareholders has risen to 16,81,491, highlighting increasing retail interest in the company. However, a slight decline in FII holdings from 25.72% in September 2023 to 19.33% in June 2025 may suggest a need for L&T to enhance its global appeal, particularly amidst competitive pressures.
Outlook, Risks, and Final Insight
Looking ahead, L&T’s robust order book and strong revenue growth position it well for future performance. However, risks such as rising material costs and potential project delays could impact profitability. Additionally, regulatory changes and geopolitical uncertainties may pose challenges in execution. Strengths include L&T’s operational efficiency, solid financial ratios, and a diverse portfolio that mitigates sector-specific risks. In a scenario where L&T successfully navigates these challenges, it may continue to exhibit strong growth, potentially enhancing shareholder value. Conversely, failure to manage rising costs and project timelines could dampen its financial outlook, necessitating vigilance from investors.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Larsen & Toubro Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Modern Engineering and Projects Ltd | 56.9 Cr. | 36.8 | 50.4/22.5 | 7.13 | 36.3 | 0.00 % | 20.5 % | 25.9 % | 10.0 |
| Modis Navnirman Ltd | 681 Cr. | 348 | 360/220 | 83.0 | 46.5 | 0.00 % | 12.9 % | 9.88 % | 10.0 |
| Modulex Construction Technologies Ltd | 179 Cr. | 25.9 | 35.7/17.8 | 43.5 | 0.00 % | 2.51 % | 1.54 % | 10.0 | |
| MPDL Ltd | 34.8 Cr. | 47.0 | 92.7/38.0 | 132 | 0.00 % | 2.87 % | 4.16 % | 10.0 | |
| IITL Projects Ltd | 26.0 Cr. | 52.0 | 78.1/45.6 | 2.97 | 0.00 % | 16.6 % | % | 10.0 | |
| Industry Average | 16,412.65 Cr | 244.63 | 44.32 | 128.13 | 0.15% | 16.68% | 21.32% | 21.41 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35,853 | 42,763 | 46,390 | 58,335 | 47,882 | 51,024 | 55,128 | 67,079 | 55,120 | 61,555 | 64,668 | 74,392 | 63,679 |
| Expenses | 30,443 | 36,400 | 39,736 | 49,981 | 41,566 | 43,984 | 47,929 | 58,426 | 48,074 | 53,638 | 56,770 | 64,516 | 55,655 |
| Operating Profit | 5,410 | 6,362 | 6,653 | 8,354 | 6,316 | 7,040 | 7,199 | 8,653 | 7,046 | 7,917 | 7,898 | 9,876 | 8,024 |
| OPM % | 15% | 15% | 14% | 14% | 13% | 14% | 13% | 13% | 13% | 13% | 12% | 13% | 13% |
| Other Income | 695 | 739 | 891 | 741 | 1,146 | 1,133 | 838 | 1,135 | 921 | 1,101 | 968 | 1,610 | 1,357 |
| Interest | 2,212 | 2,304 | 2,383 | 2,334 | 2,299 | 2,272 | 2,344 | 2,345 | 2,292 | 2,439 | 2,486 | 2,419 | 2,488 |
| Depreciation | 963 | 860 | 825 | 854 | 830 | 910 | 921 | 1,021 | 998 | 1,024 | 1,047 | 1,052 | 1,033 |
| Profit before tax | 2,929 | 3,937 | 4,336 | 5,907 | 4,332 | 4,991 | 4,772 | 6,422 | 4,677 | 5,555 | 5,333 | 8,014 | 5,860 |
| Tax % | 22% | 28% | 29% | 25% | 28% | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% |
| Net Profit | 2,228 | 2,785 | 3,058 | 4,459 | 3,096 | 3,846 | 3,593 | 5,013 | 3,445 | 4,099 | 3,974 | 6,156 | 4,318 |
| EPS in Rs | 12.11 | 15.86 | 18.17 | 28.37 | 17.74 | 23.45 | 21.44 | 31.98 | 20.26 | 24.69 | 24.43 | 39.97 | 26.30 |
Last Updated: August 1, 2025, 6:05 pm
Below is a detailed analysis of the quarterly data for Larsen & Toubro Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 63,679.00 Cr.. The value appears to be declining and may need further review. It has decreased from 74,392.00 Cr. (Mar 2025) to 63,679.00 Cr., marking a decrease of 10,713.00 Cr..
- For Expenses, as of Jun 2025, the value is 55,655.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 64,516.00 Cr. (Mar 2025) to 55,655.00 Cr., marking a decrease of 8,861.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 8,024.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,876.00 Cr. (Mar 2025) to 8,024.00 Cr., marking a decrease of 1,852.00 Cr..
- For OPM %, as of Jun 2025, the value is 13.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13.00%.
- For Other Income, as of Jun 2025, the value is 1,357.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,610.00 Cr. (Mar 2025) to 1,357.00 Cr., marking a decrease of 253.00 Cr..
- For Interest, as of Jun 2025, the value is 2,488.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,419.00 Cr. (Mar 2025) to 2,488.00 Cr., marking an increase of 69.00 Cr..
- For Depreciation, as of Jun 2025, the value is 1,033.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,052.00 Cr. (Mar 2025) to 1,033.00 Cr., marking a decrease of 19.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 5,860.00 Cr.. The value appears to be declining and may need further review. It has decreased from 8,014.00 Cr. (Mar 2025) to 5,860.00 Cr., marking a decrease of 2,154.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 23.00% (Mar 2025) to 26.00%, marking an increase of 3.00%.
- For Net Profit, as of Jun 2025, the value is 4,318.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,156.00 Cr. (Mar 2025) to 4,318.00 Cr., marking a decrease of 1,838.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 26.30. The value appears to be declining and may need further review. It has decreased from 39.97 (Mar 2025) to 26.30, marking a decrease of 13.67.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: June 16, 2025, 4:56 pm
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85,054 | 91,929 | 101,122 | 109,312 | 119,683 | 135,220 | 145,452 | 135,979 | 156,521 | 183,341 | 221,113 | 255,734 |
| Expenses | 70,968 | 76,245 | 85,637 | 92,691 | 99,572 | 112,354 | 120,899 | 112,519 | 132,207 | 156,175 | 192,355 | 221,399 |
| Operating Profit | 14,086 | 15,684 | 15,486 | 16,620 | 20,111 | 22,866 | 24,553 | 23,460 | 24,314 | 27,166 | 28,758 | 34,335 |
| OPM % | 17% | 17% | 15% | 15% | 17% | 17% | 17% | 17% | 16% | 15% | 13% | 13% |
| Other Income | 1,337 | 1,422 | 1,219 | 1,466 | 1,465 | 2,701 | 3,015 | 8,111 | 2,364 | 2,891 | 4,953 | 3,289 |
| Interest | 6,494 | 7,266 | 6,899 | 6,829 | 7,714 | 9,339 | 11,021 | 11,750 | 9,235 | 9,445 | 9,512 | 9,925 |
| Depreciation | 1,446 | 2,623 | 1,787 | 2,370 | 2,223 | 1,923 | 2,462 | 2,904 | 2,948 | 3,502 | 3,682 | 4,121 |
| Profit before tax | 7,483 | 7,217 | 8,020 | 8,887 | 11,639 | 14,305 | 14,086 | 16,918 | 14,495 | 17,109 | 20,517 | 23,579 |
| Tax % | 35% | 31% | 30% | 23% | 27% | 28% | 23% | 24% | 29% | 26% | 24% | 25% |
| Net Profit | 4,885 | 4,966 | 4,592 | 6,486 | 8,004 | 10,217 | 10,894 | 12,921 | 10,419 | 12,531 | 15,547 | 17,673 |
| EPS in Rs | 35.41 | 34.17 | 30.64 | 43.17 | 52.59 | 63.48 | 68.02 | 82.47 | 61.70 | 74.50 | 95.00 | 109.35 |
| Dividend Payout % | 27% | 32% | 40% | 22% | 30% | 28% | 26% | 44% | 36% | 32% | 36% | 31% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 1.66% | -7.53% | 41.25% | 23.40% | 27.65% | 6.63% | 18.61% | -19.36% | 20.27% | 24.07% | 13.67% |
| Change in YoY Net Profit Growth (%) | 0.00% | -9.19% | 48.78% | -17.84% | 4.24% | -21.02% | 11.98% | -37.97% | 39.63% | 3.80% | -10.39% |
Larsen & Toubro Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 18% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 10% |
| 3 Years: | 23% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 31% |
| 3 Years: | 22% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 17% |
Last Updated: September 5, 2025, 9:35 am
Balance Sheet
Last Updated: June 16, 2025, 11:48 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 185 | 186 | 186 | 187 | 280 | 281 | 281 | 281 | 281 | 281 | 275 | 275 |
| Reserves | 37,526 | 40,723 | 43,994 | 50,030 | 54,623 | 62,094 | 66,442 | 75,588 | 82,127 | 89,045 | 86,084 | 97,381 |
| Borrowings | 80,846 | 93,630 | 88,135 | 93,954 | 107,524 | 125,555 | 143,174 | 134,629 | 125,508 | 120,650 | 116,322 | 132,409 |
| Other Liabilities | 50,324 | 58,727 | 61,775 | 67,400 | 80,812 | 90,106 | 96,790 | 99,597 | 111,112 | 119,745 | 136,921 | 149,050 |
| Total Liabilities | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 |
| Fixed Assets | 32,397 | 34,738 | 14,176 | 16,677 | 18,580 | 21,194 | 43,653 | 44,319 | 42,945 | 42,641 | 42,964 | 44,055 |
| CWIP | 14,179 | 14,993 | 10,974 | 13,298 | 13,443 | 13,919 | 3,311 | 500 | 1,250 | 3,066 | 3,045 | 2,589 |
| Investments | 8,109 | 9,612 | 15,465 | 19,753 | 15,311 | 20,907 | 20,047 | 39,627 | 39,395 | 44,798 | 45,648 | 54,805 |
| Other Assets | 114,197 | 133,923 | 153,475 | 161,843 | 195,905 | 222,016 | 239,675 | 225,649 | 235,438 | 239,217 | 247,946 | 277,665 |
| Total Assets | 168,881 | 193,266 | 194,091 | 211,571 | 243,240 | 278,036 | 306,687 | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 |
Below is a detailed analysis of the balance sheet data for Larsen & Toubro Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 275.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 275.00 Cr..
- For Reserves, as of Mar 2025, the value is 97,381.00 Cr.. The value appears strong and on an upward trend. It has increased from 86,084.00 Cr. (Mar 2024) to 97,381.00 Cr., marking an increase of 11,297.00 Cr..
- For Borrowings, as of Mar 2025, the value is 132,409.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 116,322.00 Cr. (Mar 2024) to 132,409.00 Cr., marking an increase of 16,087.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 149,050.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 136,921.00 Cr. (Mar 2024) to 149,050.00 Cr., marking an increase of 12,129.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 379,114.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 339,602.00 Cr. (Mar 2024) to 379,114.00 Cr., marking an increase of 39,512.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 44,055.00 Cr.. The value appears strong and on an upward trend. It has increased from 42,964.00 Cr. (Mar 2024) to 44,055.00 Cr., marking an increase of 1,091.00 Cr..
- For CWIP, as of Mar 2025, the value is 2,589.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,045.00 Cr. (Mar 2024) to 2,589.00 Cr., marking a decrease of 456.00 Cr..
- For Investments, as of Mar 2025, the value is 54,805.00 Cr.. The value appears strong and on an upward trend. It has increased from 45,648.00 Cr. (Mar 2024) to 54,805.00 Cr., marking an increase of 9,157.00 Cr..
- For Other Assets, as of Mar 2025, the value is 277,665.00 Cr.. The value appears strong and on an upward trend. It has increased from 247,946.00 Cr. (Mar 2024) to 277,665.00 Cr., marking an increase of 29,719.00 Cr..
- For Total Assets, as of Mar 2025, the value is 379,114.00 Cr.. The value appears strong and on an upward trend. It has increased from 339,602.00 Cr. (Mar 2024) to 379,114.00 Cr., marking an increase of 39,512.00 Cr..
However, the Borrowings (132,409.00 Cr.) are higher than the Reserves (97,381.00 Cr.), which may signal higher financial risk.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -66.00 | -78.00 | -73.00 | -77.00 | -87.00 | -103.00 | -119.00 | -111.00 | -101.00 | -93.00 | -88.00 | -98.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 113 | 119 | 94 | 96 | 101 | 99 | 102 | 113 | 108 | 89 | 81 | 77 |
| Inventory Days | 69 | 76 | 51 | 41 | 45 | 51 | 44 | 51 | 44 | 41 | 32 | 30 |
| Days Payable | 261 | 288 | 283 | 301 | 349 | 340 | 336 | 401 | 378 | 302 | 255 | 208 |
| Cash Conversion Cycle | -78 | -92 | -138 | -164 | -203 | -190 | -190 | -236 | -227 | -172 | -143 | -101 |
| Working Capital Days | 28 | 12 | 44 | 42 | 45 | 20 | 25 | 28 | 0 | 2 | -16 | -33 |
| ROCE % | 12% | 10% | 11% | 11% | 14% | 13% | 12% | 10% | 10% | 12% | 13% | 14% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Nifty 50 ETF | 22,435,022 | 4.23 | 6571.33 | 22,435,022 | 2025-04-22 17:25:28 | 0% |
| SBI S&P BSE Sensex ETF | 15,802,651 | 4.86 | 4628.28 | 15,802,651 | 2025-04-22 17:25:28 | 0% |
| ICICI Prudential Bluechip Fund | 10,568,498 | 7.5 | 3095.57 | 10,568,498 | 2025-04-22 17:25:28 | 0% |
| SBI Blue Chip Fund | 7,417,268 | 5.63 | 2172.55 | 7,417,268 | 2025-04-22 17:25:28 | 0% |
| Kotak Flexicap Fund - Regular Plan | 6,800,000 | 5.07 | 1991.75 | 6,800,000 | 2025-04-22 14:53:35 | 0% |
| HDFC Balanced Advantage Fund - Regular Plan | 5,556,183 | 2.54 | 1627.43 | 5,556,183 | 2025-04-22 17:25:28 | 0% |
| SBI Equity Hybrid Fund | 5,198,418 | 2.57 | 1522.64 | 5,198,418 | 2025-04-22 15:16:47 | 0% |
| Axis Bluechip Fund | 4,676,667 | 4.46 | 1369.82 | 4,676,667 | 2025-04-22 11:41:35 | 0% |
| Mirae Asset Large Cap Fund | 3,652,967 | 3.11 | 1069.97 | 3,652,967 | 2025-04-22 17:25:28 | 0% |
| Aditya Birla Sun Life Frontline Equity Fund | 3,636,371 | 4.63 | 1065.11 | 3,636,371 | 2025-04-22 17:25:28 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 109.36 | 93.96 | 74.51 | 61.71 | 82.49 |
| Diluted EPS (Rs.) | 109.28 | 93.88 | 74.45 | 61.65 | 82.41 |
| Cash EPS (Rs.) | 158.58 | 140.05 | 114.74 | 94.22 | 112.57 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 710.12 | 746.01 | 736.87 | 678.79 | 625.97 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 710.12 | 746.01 | 736.87 | 678.79 | 625.97 |
| Revenue From Operations / Share (Rs.) | 1859.62 | 1608.50 | 1304.45 | 1113.99 | 968.13 |
| PBDIT / Share (Rs.) | 222.22 | 201.15 | 168.50 | 145.79 | 135.66 |
| PBIT / Share (Rs.) | 192.25 | 174.37 | 143.58 | 124.81 | 114.98 |
| PBT / Share (Rs.) | 171.46 | 149.25 | 121.73 | 103.25 | 61.80 |
| Net Profit / Share (Rs.) | 128.62 | 113.26 | 89.82 | 73.24 | 91.89 |
| NP After MI And SOA / Share (Rs.) | 109.34 | 95.00 | 74.50 | 61.70 | 82.47 |
| PBDIT Margin (%) | 11.94 | 12.50 | 12.91 | 13.08 | 14.01 |
| PBIT Margin (%) | 10.33 | 10.84 | 11.00 | 11.20 | 11.87 |
| PBT Margin (%) | 9.22 | 9.27 | 9.33 | 9.26 | 6.38 |
| Net Profit Margin (%) | 6.91 | 7.04 | 6.88 | 6.57 | 9.49 |
| NP After MI And SOA Margin (%) | 5.87 | 5.90 | 5.71 | 5.53 | 8.51 |
| Return on Networth / Equity (%) | 15.39 | 15.12 | 11.72 | 10.52 | 15.26 |
| Return on Capital Employeed (%) | 14.89 | 14.70 | 11.99 | 10.91 | 9.28 |
| Return On Assets (%) | 3.96 | 3.84 | 3.16 | 2.70 | 3.72 |
| Long Term Debt / Equity (X) | 0.58 | 0.65 | 0.68 | 0.74 | 1.07 |
| Total Debt / Equity (X) | 1.33 | 1.32 | 1.33 | 1.50 | 1.73 |
| Asset Turnover Ratio (%) | 0.71 | 0.66 | 0.44 | 0.42 | 0.32 |
| Current Ratio (X) | 1.21 | 1.23 | 1.37 | 1.31 | 1.42 |
| Quick Ratio (X) | 1.18 | 1.20 | 1.33 | 1.27 | 1.38 |
| Inventory Turnover Ratio (X) | 3.87 | 2.89 | 2.81 | 2.81 | 1.32 |
| Dividend Payout Ratio (NP) (%) | 25.60 | 32.29 | 29.52 | 29.16 | 31.51 |
| Dividend Payout Ratio (CP) (%) | 20.09 | 25.18 | 22.12 | 21.76 | 25.20 |
| Earning Retention Ratio (%) | 74.40 | 67.71 | 70.48 | 70.84 | 68.49 |
| Cash Earning Retention Ratio (%) | 79.91 | 74.82 | 77.88 | 78.24 | 74.80 |
| Interest Coverage Ratio (X) | 9.16 | 7.80 | 7.38 | 6.55 | 4.87 |
| Interest Coverage Ratio (Post Tax) (X) | 6.16 | 5.36 | 4.89 | 4.26 | 3.10 |
| Enterprise Value (Cr.) | 604424.40 | 633678.46 | 414490.66 | 365816.69 | 327629.64 |
| EV / Net Operating Revenue (X) | 2.36 | 2.87 | 2.26 | 2.34 | 2.41 |
| EV / EBITDA (X) | 19.78 | 22.92 | 17.50 | 17.86 | 17.20 |
| MarketCap / Net Operating Revenue (X) | 1.88 | 2.35 | 1.66 | 1.59 | 1.47 |
| Retention Ratios (%) | 74.39 | 67.70 | 70.47 | 70.83 | 68.48 |
| Price / BV (X) | 4.92 | 6.01 | 3.41 | 3.01 | 2.63 |
| Price / Net Operating Revenue (X) | 1.88 | 2.35 | 1.66 | 1.59 | 1.47 |
| EarningsYield | 0.03 | 0.02 | 0.03 | 0.03 | 0.05 |
After reviewing the key financial ratios for Larsen & Toubro Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 109.36. This value is within the healthy range. It has increased from 93.96 (Mar 24) to 109.36, marking an increase of 15.40.
- For Diluted EPS (Rs.), as of Mar 25, the value is 109.28. This value is within the healthy range. It has increased from 93.88 (Mar 24) to 109.28, marking an increase of 15.40.
- For Cash EPS (Rs.), as of Mar 25, the value is 158.58. This value is within the healthy range. It has increased from 140.05 (Mar 24) to 158.58, marking an increase of 18.53.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 710.12. It has decreased from 746.01 (Mar 24) to 710.12, marking a decrease of 35.89.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 710.12. It has decreased from 746.01 (Mar 24) to 710.12, marking a decrease of 35.89.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,859.62. It has increased from 1,608.50 (Mar 24) to 1,859.62, marking an increase of 251.12.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 222.22. This value is within the healthy range. It has increased from 201.15 (Mar 24) to 222.22, marking an increase of 21.07.
- For PBIT / Share (Rs.), as of Mar 25, the value is 192.25. This value is within the healthy range. It has increased from 174.37 (Mar 24) to 192.25, marking an increase of 17.88.
- For PBT / Share (Rs.), as of Mar 25, the value is 171.46. This value is within the healthy range. It has increased from 149.25 (Mar 24) to 171.46, marking an increase of 22.21.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 128.62. This value is within the healthy range. It has increased from 113.26 (Mar 24) to 128.62, marking an increase of 15.36.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 109.34. This value is within the healthy range. It has increased from 95.00 (Mar 24) to 109.34, marking an increase of 14.34.
- For PBDIT Margin (%), as of Mar 25, the value is 11.94. This value is within the healthy range. It has decreased from 12.50 (Mar 24) to 11.94, marking a decrease of 0.56.
- For PBIT Margin (%), as of Mar 25, the value is 10.33. This value is within the healthy range. It has decreased from 10.84 (Mar 24) to 10.33, marking a decrease of 0.51.
- For PBT Margin (%), as of Mar 25, the value is 9.22. This value is below the healthy minimum of 10. It has decreased from 9.27 (Mar 24) to 9.22, marking a decrease of 0.05.
- For Net Profit Margin (%), as of Mar 25, the value is 6.91. This value is within the healthy range. It has decreased from 7.04 (Mar 24) to 6.91, marking a decrease of 0.13.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.87. This value is below the healthy minimum of 8. It has decreased from 5.90 (Mar 24) to 5.87, marking a decrease of 0.03.
- For Return on Networth / Equity (%), as of Mar 25, the value is 15.39. This value is within the healthy range. It has increased from 15.12 (Mar 24) to 15.39, marking an increase of 0.27.
- For Return on Capital Employeed (%), as of Mar 25, the value is 14.89. This value is within the healthy range. It has increased from 14.70 (Mar 24) to 14.89, marking an increase of 0.19.
- For Return On Assets (%), as of Mar 25, the value is 3.96. This value is below the healthy minimum of 5. It has increased from 3.84 (Mar 24) to 3.96, marking an increase of 0.12.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.58. This value is within the healthy range. It has decreased from 0.65 (Mar 24) to 0.58, marking a decrease of 0.07.
- For Total Debt / Equity (X), as of Mar 25, the value is 1.33. This value exceeds the healthy maximum of 1. It has increased from 1.32 (Mar 24) to 1.33, marking an increase of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.71. It has increased from 0.66 (Mar 24) to 0.71, marking an increase of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 1.21. This value is below the healthy minimum of 1.5. It has decreased from 1.23 (Mar 24) to 1.21, marking a decrease of 0.02.
- For Quick Ratio (X), as of Mar 25, the value is 1.18. This value is within the healthy range. It has decreased from 1.20 (Mar 24) to 1.18, marking a decrease of 0.02.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.87. This value is below the healthy minimum of 4. It has increased from 2.89 (Mar 24) to 3.87, marking an increase of 0.98.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 25.60. This value is within the healthy range. It has decreased from 32.29 (Mar 24) to 25.60, marking a decrease of 6.69.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 20.09. This value is within the healthy range. It has decreased from 25.18 (Mar 24) to 20.09, marking a decrease of 5.09.
- For Earning Retention Ratio (%), as of Mar 25, the value is 74.40. This value exceeds the healthy maximum of 70. It has increased from 67.71 (Mar 24) to 74.40, marking an increase of 6.69.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 79.91. This value exceeds the healthy maximum of 70. It has increased from 74.82 (Mar 24) to 79.91, marking an increase of 5.09.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 9.16. This value is within the healthy range. It has increased from 7.80 (Mar 24) to 9.16, marking an increase of 1.36.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 6.16. This value is within the healthy range. It has increased from 5.36 (Mar 24) to 6.16, marking an increase of 0.80.
- For Enterprise Value (Cr.), as of Mar 25, the value is 604,424.40. It has decreased from 633,678.46 (Mar 24) to 604,424.40, marking a decrease of 29,254.06.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.36. This value is within the healthy range. It has decreased from 2.87 (Mar 24) to 2.36, marking a decrease of 0.51.
- For EV / EBITDA (X), as of Mar 25, the value is 19.78. This value exceeds the healthy maximum of 15. It has decreased from 22.92 (Mar 24) to 19.78, marking a decrease of 3.14.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.88. This value is within the healthy range. It has decreased from 2.35 (Mar 24) to 1.88, marking a decrease of 0.47.
- For Retention Ratios (%), as of Mar 25, the value is 74.39. This value exceeds the healthy maximum of 70. It has increased from 67.70 (Mar 24) to 74.39, marking an increase of 6.69.
- For Price / BV (X), as of Mar 25, the value is 4.92. This value exceeds the healthy maximum of 3. It has decreased from 6.01 (Mar 24) to 4.92, marking a decrease of 1.09.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.88. This value is within the healthy range. It has decreased from 2.35 (Mar 24) to 1.88, marking a decrease of 0.47.
- For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Larsen & Toubro Ltd:
- Net Profit Margin: 6.91%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 14.89% (Industry Average ROCE: 16.19%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 15.39% (Industry Average ROE: 18.18%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 6.16
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.18
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 33.2 (Industry average Stock P/E: 28.68)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 1.33
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 6.91%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Construction, Contracting & Engineering | L&T House, Mumbai Maharashtra 400001 | igrc@larsentoubro.com http://www.larsentoubro.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. S N Subrahmanyan | Chairman & Managing Director |
| Mr. Subramanian Sarma | Deputy Managing Director |
| Mr. R Shankar Raman | WholeTime Director & CFO |
| Mr. S V Desai | WholeTime Director & Sr.Exe.VP |
| Mr. T Madhava Das | WholeTime Director & Sr.Exe.VP |
| Mr. Anil V Parab | WholeTime Director & Sr.Exe.VP |
| Mr. Siddhartha Mohanty | Nominee Director |
| Mr. P R Ramesh | Independent Director |
| Mr. Ajay Tyagi | Independent Director |
| Mr. Jyoti Sagar | Independent Director |
| Mr. Rajnish Kumar | Independent Director |
| Mr. Pramit Jhaveri | Independent Director |
| Mrs. Preetha Reddy | Independent Director |
| Mr. Sanjeev Aga | Independent Director |
| Mr. Narayanan Kumar | Independent Director |
FAQ
What is the intrinsic value of Larsen & Toubro Ltd?
Larsen & Toubro Ltd's intrinsic value (as of 06 November 2025) is 3278.00 which is 15.56% lower the current market price of 3,882.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,34,381 Cr. market cap, FY2025-2026 high/low of 4,063/2,965, reserves of ₹97,381 Cr, and liabilities of 379,114 Cr.
What is the Market Cap of Larsen & Toubro Ltd?
The Market Cap of Larsen & Toubro Ltd is 5,34,381 Cr..
What is the current Stock Price of Larsen & Toubro Ltd as on 06 November 2025?
The current stock price of Larsen & Toubro Ltd as on 06 November 2025 is 3,882.
What is the High / Low of Larsen & Toubro Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Larsen & Toubro Ltd stocks is 4,063/2,965.
What is the Stock P/E of Larsen & Toubro Ltd?
The Stock P/E of Larsen & Toubro Ltd is 33.2.
What is the Book Value of Larsen & Toubro Ltd?
The Book Value of Larsen & Toubro Ltd is 737.
What is the Dividend Yield of Larsen & Toubro Ltd?
The Dividend Yield of Larsen & Toubro Ltd is 0.88 %.
What is the ROCE of Larsen & Toubro Ltd?
The ROCE of Larsen & Toubro Ltd is 14.5 %.
What is the ROE of Larsen & Toubro Ltd?
The ROE of Larsen & Toubro Ltd is 16.6 %.
What is the Face Value of Larsen & Toubro Ltd?
The Face Value of Larsen & Toubro Ltd is 2.00.