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NSE / BSEIndustrials
β‚Ή3832.75+28.45+0.75%
P/E52.2Mkt Capβ‚Ή5.35 L CrEV/EBITDA34.3

Larsen & Toubro Limited

P/E52.2Mkt Capβ‚Ή5.35 L CrEV/EBITDA34.3
Company Profile

Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems for defense, security, space, and industrial sectors; and electrolysers. The IT & Technology Services segment offers information technology and integrated engineering services, e-commerce/digital platforms and data centers, and semiconductor chip design solutions. The Financial Services segment provides retail finance. The Development Projects segment develops, operates, and maintains metro project comprising transit-oriented development, toll roads, power generation and development, thermal power, and green energy. The Others segment engages in realty, manufacture and sale of industrial valves; marketing and servicing of construction equipment, mining machinery and parts, and processing machinery. Larsen & Toubro Limited has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. Larsen & Toubro Limited was founded in 1938 and is headquartered in Mumbai, India.

Valuation

Market Cap
β‚Ή0.00
β€”
Current Price
β‚Ή0
β€”as of 28 Jul 2026
P/E Ratio
0.0x
β€”
P/B Ratio
0.0x
β€”
EV / EBITDA
0.0x
β€”
EV / Sales
0.0x
β€”
52W High
β‚Ή0
β€”
52W Low
β‚Ή0
β€”
Shares Out
0.00 Cr
β€”

Profitability

Operating Margin
0.0%
β€”
Net Profit Margin
0.0%
β€”
EBITDA Margin
0.0%
β€”

Returns

ROE
0.0%
β€”
ROCE
0.0%
β€”
ROIC %
β€”
β€”
ROA
0.0%
β€”
Dividend Payout
0.0%
β€”

Solvency

Current Ratio
0.0x
β€”
Debt / Equity
0.0x
β€”
Debt / Assets
0.0x
β€”
CFO / Net Profit
0.0x
β€”
Interest Coverage
0.0x
β€”

AI Summary

Indian Stock

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Rule-based from financial data. Not advice.

Price Historyβ–² 12.00% over 1Y
Technical Chart
Monthly Returns

Historically, Jul has averaged the highest return (+5.0%); Feb the lowest (-1.6%).

Average from:
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-3.7%Negative MonthJan 2026: -3.67%+8.8%Positive MonthFeb 2026: +8.82%-18.1%Negative MonthMar 2026: -18.13%+14.5%Positive MonthApr 2026: +14.51%+1.6%Neutral MonthMay 2026: +1.59%+1.7%Neutral MonthJun 2026: +1.65%-7.5%*Negative MonthJul 2026: -7.51%β€”β€”β€”β€”β€”
2025-1.1%Neutral MonthJan 2025: -1.13%-11.3%Negative MonthFeb 2025: -11.28%+10.3%Positive MonthMar 2025: +10.31%-4.3%Negative MonthApr 2025: -4.31%+10.0%Positive MonthMay 2025: +10.03%-0.2%Neutral MonthJun 2025: -0.20%-0.9%Neutral MonthJul 2025: -0.90%-1.0%Neutral MonthAug 2025: -0.98%+1.6%Neutral MonthSep 2025: +1.64%+10.2%Positive MonthOct 2025: +10.18%+0.9%Neutral MonthNov 2025: +0.93%+0.4%Neutral MonthDec 2025: +0.36%
2024-1.3%Neutral MonthJan 2024: -1.33%+0.0%Neutral MonthFeb 2024: +0.04%+8.4%Positive MonthMar 2024: +8.40%-4.8%Negative MonthApr 2024: -4.77%+2.0%Positive MonthMay 2024: +2.04%-3.2%Negative MonthJun 2024: -3.22%+7.4%Positive MonthJul 2024: +7.41%-2.9%Negative MonthAug 2024: -2.87%-0.7%Neutral MonthSep 2024: -0.75%-1.4%Neutral MonthOct 2024: -1.39%+2.8%Positive MonthNov 2024: +2.80%-3.2%Negative MonthDec 2024: -3.16%
2023+1.9%Neutral MonthJan 2023: +1.86%-0.9%Neutral MonthFeb 2023: -0.90%+2.8%Positive MonthMar 2023: +2.79%+9.2%Positive MonthApr 2023: +9.24%-6.7%Negative MonthMay 2023: -6.69%+12.1%Positive MonthJun 2023: +12.15%+8.3%Positive MonthJul 2023: +8.30%+1.0%Neutral MonthAug 2023: +0.97%+11.7%Positive MonthSep 2023: +11.68%-3.1%Negative MonthOct 2023: -3.08%+6.2%Positive MonthNov 2023: +6.24%+13.3%Positive MonthDec 2023: +13.35%
2022+0.7%Neutral MonthJan 2022: +0.73%-4.8%Negative MonthFeb 2022: -4.82%-2.7%Negative MonthMar 2022: -2.72%-4.1%Negative MonthApr 2022: -4.05%-2.5%Negative MonthMay 2022: -2.49%-5.8%Negative MonthJun 2022: -5.84%+16.1%Positive MonthJul 2022: +16.09%+6.3%Positive MonthAug 2022: +6.31%-3.8%Negative MonthSep 2022: -3.80%+9.5%Positive MonthOct 2022: +9.48%+2.6%Positive MonthNov 2022: +2.64%+0.4%Neutral MonthDec 2022: +0.43%
2021β€”β€”β€”β€”β€”+1.6%Neutral MonthJun 2021: +1.63%+6.7%Positive MonthJul 2021: +6.67%+4.4%Positive MonthAug 2021: +4.37%+1.9%Neutral MonthSep 2021: +1.90%+3.7%Positive MonthOct 2021: +3.74%-0.2%Neutral MonthNov 2021: -0.16%+7.4%Positive MonthDec 2021: +7.43%
AvgΒ±SD-0.7%Β±1.9%-1.6%Β±6.6%+0.1%Β±10.2%+2.1%Β±8.1%+0.9%Β±5.6%+1.0%Β±5.6%+5.0%Β±7.5%+1.6%Β±3.4%+2.1%Β±5.2%+3.8%Β±5.4%+2.5%Β±2.2%+3.7%Β±5.9%
* Current month β€” value will change until month-end.

Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β€” the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.

Seasonal Tendency

This aggregates every month by calendar position β€” all Januaries together, all Februaries together, and so on β€” to show whether a given month has leaned positive or negative historically. β€˜Simple’ counts each month as +1 or βˆ’1. β€˜Weighted’ gives larger moves more influence: +2 above +10%, βˆ’2 below βˆ’10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations β€” read it as a historical tendency, not a reliable seasonal pattern.

Historical Trend

This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.

Year-to-Date ROI
Average from:
SD Γ—
Latest: 0.939x (2026)

Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β€” at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in β€œAverage from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.

Historical Performance

Revenue, profitability, and cash flow trends (β‚Ή Crores)

Revenue (10Y)

Operating Income (10Y)

Net Profit (10Y)

Operating Margin % (10Y)

Dividend Payout % (10Y)

Free Cash Flow (10Y)

Growth Summary

Latest fiscal year: Mar 2025

Revenueβ‚Ή1.43 L Crβ–² 12.9%
EBITDA Growthβ€”
Net Profitβ‚Ή10.87 K Crβ–² 16.5%
Cash from Ops (CFO)β€”
Free Cash Flow (FCF)β€”β–Ό 360.6%
Revenue CAGR 5Y8.9%
EBITDA CAGR 5Y7.2%
Net Profit CAGR 5Y6.9%
NP Growth 1Y16.5%

Historical Growth

Year-by-year revenue, profitability, and cash flow (β‚Ή Crores, last 10 years)

YearRevenueOp. IncomeNet ProfitCFOFCFROERev Growth 1YNP Growth 1Y
Mar 2025β‚Ή1.43 L Crβ€”β‚Ή10.87 K Crβ€”β€”15.1%12.9%16.5%
Mar 2024β‚Ή1.26 L Crβ€”β‚Ή9.33 K Crβ€”β€”14.5%14.2%18.9%
Mar 2023β‚Ή1.11 L Crβ€”β‚Ή7.85 K Crβ€”β€”11.0%9.4%-0.4%
Mar 2022β‚Ή1.01 L Crβ€”β‚Ή7.88 K Crβ€”β€”11.7%15.8%-33.2%
Mar 2021β‚Ή87.25 K Crβ€”β‚Ή11.80 K Crβ€”β€”19.1%5.9%76.6%
Mar 2020β‚Ή82.38 K Crβ€”β‚Ή6.68 K Crβ€”β€”12.8%0.1%-10.8%
Mar 2019β‚Ή82.29 K Crβ€”β‚Ή7.49 K Crβ€”β€”15.0%10.5%39.1%
Mar 2018β‚Ή74.46 K Crβ€”β‚Ή5.39 K Crβ€”β€”11.0%13.3%-1.2%
Mar 2017β‚Ή65.72 K Crβ€”β‚Ή5.45 K Crβ€”β€”11.9%4.0%9.1%
Mar 2016β‚Ή63.18 K Crβ€”β‚Ή5.00 K Crβ€”β€”11.9%10.9%-1.1%

Financial Statements

Income statement, balance sheet, and cash flow (β‚Ή Crores, as reported)

Consolidated Figures in USD Millions.

Unnamed: 0Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue / Net Sales56,52556,94263,17765,72474,46382,28782,38487,255101,000110,501126,233142,509145,899
Total Expenses49,72550,29357,00459,18666,67874,54575,44478,86991,867100,527116,423129,211134,548
EBIT / Operating Profit6,7996,6486,1736,5387,7847,7426,9408,3879,1339,9749,81113,29811,351
OPM %12%12%10%10%10%9%8%10%9%9%8%9%8%
Other Income2,4692,6412,7662,8092,0434,8974,0739,1923,8803,4325,7784,5211,133
Finance Costs1,2081,5791,6861,3741,5161,8772,3682,4591,8322,2012,4872,2821,996
Depreciation & Amortisation7921,0089971,2151,0491,0001,0211,1511,1721,3721,7531,9631,945
Profit Before Tax7,2686,7016,2566,7587,2629,7637,62413,96910,0099,83311,34813,5748,544
Tax %24%25%20%19%26%23%12%16%21%20%18%20%-
Net Profit / PAT5,4935,0565,0005,4545,3877,4916,67911,7987,8797,8499,33110,8715,808
EPS (β‚Ή)39.5136.2635.7838.9738.4453.4147.588456.0855.8567.8879.0542.24
Dividend Payout %24%30%34%24%42%34%38%43%39%43%50%43%-

Peer Comparison

Industrials sector peers, ranked by market cap

CompanyMarket CapRevenueP/EP/BEV/EBITDARev G 1Y
Larsen & Toubro Limitedthis co.β‚Ή5.35 L Crβ‚Ή1.43 L Cr52.207.8734.2912.9%
Adani Ports and Special Economic Zone Ltdβ‚Ή3.29 L Crβ‚Ή7.91 K Cr159.0010.3662.8216.2%
Solar Industries India Limitedβ‚Ή1.15 L Crβ‚Ή4.46 K Cr121.0032.81128.6119.9%
Polycab India Limitedβ‚Ή1.14 L Crβ‚Ή21.91 K Cr46.9010.8442.3221.4%
Cummins India Ltd.β‚Ή1.10 L Crβ‚Ή10.34 K Cr49.5015.0147.0115.4%
Ashok Leyland Ltd.β‚Ή1.09 L Crβ‚Ή38.75 K Cr32.009.4922.911.0%
ABB India Limitedβ‚Ή1.05 L Crβ‚Ή12.19 K Cr59.6014.61β€”16.7%
Industry Averageβ€”β‚Ή5.40 K Cr57.837.1640.8845.0%

Learn while you research

Hand-picked academy chapters to deepen your understanding of Larsen & Toubro Limited and the metrics that matter.

01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read03 Valuation Multiples ExplainedThis stock trades at a P/E of 52.2, learn when high multiples are justified.6 min read04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read

Key concepts to brush up on

P/E RatioP/B RatioROEROCEFree Cash FlowDebt / EquityLTCG Tax
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