Larsen & Toubro Limited
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
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 50.0%
Concerns1
- Other income is 50.9% of PBT β a large share of earnings is non-operating
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ 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
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.43 L Cr | β | βΉ10.87 K Cr | β | β | 15.1% | 12.9% | 16.5% |
| Mar 2024 | βΉ1.26 L Cr | β | βΉ9.33 K Cr | β | β | 14.5% | 14.2% | 18.9% |
| Mar 2023 | βΉ1.11 L Cr | β | βΉ7.85 K Cr | β | β | 11.0% | 9.4% | -0.4% |
| Mar 2022 | βΉ1.01 L Cr | β | βΉ7.88 K Cr | β | β | 11.7% | 15.8% | -33.2% |
| Mar 2021 | βΉ87.25 K Cr | β | βΉ11.80 K Cr | β | β | 19.1% | 5.9% | 76.6% |
| Mar 2020 | βΉ82.38 K Cr | β | βΉ6.68 K Cr | β | β | 12.8% | 0.1% | -10.8% |
| Mar 2019 | βΉ82.29 K Cr | β | βΉ7.49 K Cr | β | β | 15.0% | 10.5% | 39.1% |
| Mar 2018 | βΉ74.46 K Cr | β | βΉ5.39 K Cr | β | β | 11.0% | 13.3% | -1.2% |
| Mar 2017 | βΉ65.72 K Cr | β | βΉ5.45 K Cr | β | β | 11.9% | 4.0% | 9.1% |
| Mar 2016 | βΉ63.18 K Cr | β | βΉ5.00 K Cr | β | β | 11.9% | 10.9% | -1.1% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 145,899 |
| Total Expenses | 134,548 |
| EBIT / Operating Profit | 11,351 |
| OPM % | 8% |
| Other Income | 1,133 |
| Finance Costs | 1,996 |
| Depreciation & Amortisation | 1,945 |
| Profit Before Tax | 8,544 |
| Tax % | - |
| Net Profit / PAT | 5,808 |
| EPS (βΉ) | 42.24 |
| Dividend Payout % | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Larsen & Toubro Limitedthis co. | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| ABB India Limited | βΉ1.05 L Cr | βΉ12.19 K Cr | 59.60 | 14.61 | β | 16.7% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |