Nifty
:
25330.25
Sensex
:
82693.71
91.15 (0.36%)
313.02 (0.38%)
Nifty
Sensex
:
:
25330.25
82693.71
91.15 (0.36%)
313.02 (0.38%)

Larsen & Toubro Ltd.

Engineering - Construction

Rating :
68/99

BSE: 500510 | NSE: LT

NSE BSE
3685.50
17-Sep-2025
  • Open
  • High
  • Low
  • Previous Close
  •  3672
  •  3704
  •  3662.7
  •  3667.80
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1610471
  •  5941671243.9
  •  3963.5
  •  2965.3

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 5,06,906.14
  • 31.94
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 6,13,500.14
  • 0.92%
  • 5.00

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 0.00%
  • 0.99%
  • 19.47%
  • FII
  • DII
  • Others
  • 19.33%
  • 40.57%
  • 19.64%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.72
  • 13.47
  • 11.73

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.14
  • 6.21
  • 3.13

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.06
  • 35.21
  • 12.52

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 26.47
  • 31.14
  • 33.59

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.67
  • 4.06
  • 4.85

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 13.74
  • 14.78
  • 16.13

Earnings Forecasts:

(Updated: 16-09-2025)
Description
2024
2025
2026
2027
Adj EPS
109.36
131.76
158.58
187.51
P/E Ratio
33.70
27.97
23.24
19.65
Revenue
254209
296167
341127
388109
EBITDA
26434.7
31370.3
36638.1
41702.1
Net Income
15037.1
17944
22064.4
25933
ROA
4.18
4.64
5.49
5.74
P/B Ratio
5.19
4.61
4.02
3.52
ROE
16.34
17.43
18.54
19.09
FCFF
3554.06
9163.4
12475.1
14601.9
FCFF Yield
0.62
1.6
2.18
2.55
Net Debt
66083
92153.3
88444.4
84938.5
BVPS
710.12
800.04
916.03
1046.21

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Net Sales
63,678.92
55,119.82
15.53%
74,392.28
67,078.68
10.90%
64,667.78
55,127.82
17.31%
61,554.58
51,024.04
20.64%
Expenses
55,654.91
48,074.00
15.77%
64,516.34
58,425.64
10.42%
56,769.62
47,929.17
18.44%
53,637.53
43,983.57
21.95%
EBITDA
8,024.01
7,045.82
13.88%
9,875.94
8,653.04
14.13%
7,898.16
7,198.65
9.72%
7,917.05
7,040.47
12.45%
EBIDTM
12.60%
12.78%
13.28%
12.90%
12.21%
13.06%
12.86%
13.80%
Other Income
1,356.78
920.64
47.37%
1,135.05
1,041.74
8.96%
967.87
837.75
15.53%
1,101.27
1,132.98
-2.80%
Interest
2,487.96
2,291.89
8.55%
2,419.33
2,345.35
3.15%
2,486.00
2,343.82
6.07%
2,439.39
2,272.49
7.34%
Depreciation
1,033.30
997.92
3.55%
1,052.42
1,021.20
3.06%
1,047.00
920.75
13.71%
1,023.84
909.89
12.52%
PBT
5,859.53
4,676.65
25.29%
8,014.02
6,421.84
24.79%
5,333.03
4,771.83
11.76%
5,555.09
4,991.07
11.30%
Tax
1,533.96
1,236.54
24.05%
1,880.58
1,418.30
32.59%
1,332.00
1,177.32
13.14%
1,442.28
1,135.52
27.01%
PAT
4,325.57
3,440.11
25.74%
6,133.44
5,003.54
22.58%
4,001.03
3,594.51
11.31%
4,112.81
3,855.55
6.67%
PATM
6.79%
6.24%
8.24%
7.46%
6.19%
6.52%
6.68%
7.56%
EPS
26.30
20.26
29.81%
39.97
31.98
24.98%
24.43
21.44
13.95%
24.69
23.45
5.29%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
2,64,293.56
2,55,734.45
2,21,112.91
1,83,340.70
1,56,521.23
1,35,979.03
1,51,019.35
1,41,313.92
1,19,683.16
1,09,311.81
1,01,122.48
Net Sales Growth
15.74%
15.66%
20.60%
17.13%
15.11%
-9.96%
6.87%
18.07%
9.49%
8.10%
 
Cost Of Goods Sold
29,628.90
92,172.81
76,341.06
60,128.68
49,599.95
41,677.23
47,436.92
46,274.62
39,627.56
36,751.82
34,803.93
Gross Profit
2,34,664.66
1,63,561.64
1,44,771.85
1,23,212.02
1,06,921.28
94,301.80
1,03,582.43
95,039.30
80,055.60
72,559.99
66,318.55
GP Margin
88.79%
63.96%
65.47%
67.20%
68.31%
69.35%
68.59%
67.25%
66.89%
66.38%
65.58%
Total Expenditure
2,30,578.40
2,27,261.11
1,93,764.32
1,58,936.85
1,36,594.88
1,14,907.47
1,27,934.54
1,19,482.27
1,03,128.02
92,650.88
85,431.57
Power & Fuel Cost
-
2,534.42
2,745.19
2,823.61
2,267.26
1,581.33
2,079.84
2,205.60
1,399.62
1,423.19
1,243.45
% Of Sales
-
0.99%
1.24%
1.54%
1.45%
1.16%
1.38%
1.56%
1.17%
1.30%
1.23%
Employee Cost
-
46,768.68
41,171.02
37,214.11
29,695.79
24,750.54
23,114.00
17,466.40
15,270.79
13,853.97
13,330.84
% Of Sales
-
18.29%
18.62%
20.30%
18.97%
18.20%
15.31%
12.36%
12.76%
12.67%
13.18%
Manufacturing Exp.
-
55,801.86
48,142.38
36,979.07
33,185.12
27,640.38
33,763.40
32,488.79
29,388.40
29,906.38
26,709.94
% Of Sales
-
21.82%
21.77%
20.17%
21.20%
20.33%
22.36%
22.99%
24.56%
27.36%
26.41%
General & Admin Exp.
-
18,107.43
16,634.80
13,803.74
11,169.53
9,655.99
14,256.14
8,709.14
6,818.19
6,282.93
6,263.40
% Of Sales
-
7.08%
7.52%
7.53%
7.14%
7.10%
9.44%
6.16%
5.70%
5.75%
6.19%
Selling & Distn. Exp.
-
541.40
468.49
435.97
299.29
218.01
338.15
550.46
675.39
856.63
790.04
% Of Sales
-
0.21%
0.21%
0.24%
0.19%
0.16%
0.22%
0.39%
0.56%
0.78%
0.78%
Miscellaneous Exp.
-
11,334.51
8,261.38
7,551.67
10,377.94
9,383.99
6,946.09
11,787.26
9,948.07
3,575.96
790.04
% Of Sales
-
4.43%
3.74%
4.12%
6.63%
6.90%
4.60%
8.34%
8.31%
3.27%
2.26%
EBITDA
33,715.16
28,473.34
27,348.59
24,403.85
19,926.35
21,071.56
23,084.81
21,831.65
16,555.14
16,660.93
15,690.91
EBITDA Margin
12.76%
11.13%
12.37%
13.31%
12.73%
15.50%
15.29%
15.45%
13.83%
15.24%
15.52%
Other Income
4,560.97
9,032.71
6,579.16
5,821.50
6,971.79
6,128.12
4,961.11
3,924.67
4,806.53
1,492.15
919.90
Interest
9,832.68
10,280.86
9,821.92
9,750.06
9,552.15
12,059.67
11,269.45
9,547.13
7,916.78
7,017.22
6,898.68
Depreciation
4,156.56
4,121.18
3,682.33
3,502.25
2,947.95
2,904.21
2,462.27
1,923.03
1,928.73
2,369.93
1,786.73
PBT
24,761.67
23,104.01
20,423.50
16,973.04
14,398.04
12,235.80
14,314.20
14,286.16
11,516.16
8,765.93
7,925.40
Tax
6,188.82
5,891.40
4,947.39
4,484.16
4,203.92
4,010.82
3,491.88
4,343.33
3,198.87
2,006.59
2,436.96
Tax Rate
24.99%
24.99%
24.11%
26.21%
29.00%
46.21%
24.39%
29.79%
27.48%
22.58%
30.39%
PAT
18,572.85
15,051.17
13,081.73
10,564.97
8,541.14
3,330.61
9,477.07
8,926.13
7,805.72
6,436.50
5,270.84
PAT before Minority Interest
15,894.62
17,687.39
15,569.72
12,624.87
10,291.05
4,668.96
10,822.32
10,237.58
8,440.29
6,880.77
5,582.66
Minority Interest
-2,678.23
-2,636.22
-2,487.99
-2,059.90
-1,749.91
-1,338.35
-1,345.25
-1,311.45
-634.57
-444.27
-311.82
PAT Margin
7.03%
5.89%
5.92%
5.76%
5.46%
2.45%
6.28%
6.32%
6.52%
5.89%
5.21%
PAT Growth
16.86%
15.05%
23.82%
23.70%
156.44%
-64.86%
6.17%
14.35%
21.27%
22.12%
 
EPS
136.56
110.66
96.18
77.68
62.80
24.49
69.68
65.63
57.39
47.32
38.75

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
97,655.60
86,359.24
89,325.95
82,407.66
75,868.53
66,723.22
62,374.80
54,903.50
50,216.52
44,180.36
Share Capital
275.04
274.93
281.10
281.01
280.91
280.78
280.55
280.27
186.59
186.30
Total Reserves
96,881.20
85,533.77
88,577.76
81,755.00
75,204.02
66,040.95
61,757.20
54,306.11
49,726.68
43,711.84
Non-Current Liabilities
58,356.64
56,613.13
60,734.31
62,412.83
83,248.64
83,320.29
71,925.21
71,743.22
67,140.21
61,234.61
Secured Loans
47,255.22
42,472.94
49,204.00
44,602.91
58,497.68
66,520.20
57,298.20
49,092.72
42,321.55
36,521.71
Unsecured Loans
10,248.12
14,034.03
12,013.68
17,015.40
23,622.36
15,811.13
16,822.59
23,822.04
25,019.03
24,702.13
Long Term Provisions
1,124.01
987.38
869.99
817.77
773.78
708.67
556.84
523.54
526.60
424.66
Current Liabilities
2,01,970.90
1,77,109.46
1,62,065.99
1,59,360.85
1,37,408.01
1,44,729.21
1,33,802.31
1,09,274.38
89,525.12
85,046.43
Trade Payables
52,459.34
53,292.88
49,784.12
51,365.62
45,745.23
43,643.93
42,994.81
37,797.38
30,294.86
27,003.56
Other Current Liabilities
1,06,379.38
90,005.95
76,498.62
72,852.59
59,727.25
61,803.79
58,003.07
48,867.26
39,787.69
40,759.11
Short Term Borrowings
35,861.30
27,834.27
30,896.32
30,476.96
27,765.83
35,021.02
29,223.84
19,331.85
16,534.47
14,896.75
Short Term Provisions
7,270.88
5,976.36
4,886.93
4,665.68
4,169.70
4,260.47
3,580.59
3,277.89
2,908.10
2,387.01
Total Liabilities
3,75,731.22
3,36,272.25
3,26,367.52
3,17,147.41
3,08,576.71
3,04,293.55
2,74,928.43
2,41,122.53
2,10,445.45
1,93,354.24
Net Block
42,396.82
40,772.45
39,280.78
38,982.03
43,118.96
42,005.30
18,811.76
16,175.55
13,243.79
14,370.91
Gross Block
66,337.59
60,100.92
55,602.50
52,795.04
55,376.95
51,520.94
26,262.23
22,017.53
17,273.07
16,722.01
Accumulated Depreciation
22,745.97
19,072.03
16,029.58
13,526.95
11,228.95
9,229.57
7,172.92
5,573.48
3,878.18
2,289.49
Non Current Assets
1,30,389.51
1,17,683.65
1,04,163.20
1,09,024.06
1,13,609.88
1,21,603.66
1,08,136.99
99,492.08
88,604.20
85,901.69
Capital Work in Progress
2,588.68
3,045.01
3,065.57
1,249.55
1,700.75
4,959.17
16,301.67
15,848.07
16,731.26
15,165.24
Non Current Investment
11,444.65
10,690.19
9,224.89
9,595.60
8,615.40
7,347.73
6,960.93
5,847.06
5,452.80
3,584.89
Long Term Loans & Adv.
70,923.51
59,520.54
47,723.56
53,497.14
59,112.49
66,653.31
64,918.58
61,007.08
52,318.75
52,217.10
Other Non Current Assets
1,377.22
1,464.09
1,508.18
1,736.76
1,062.28
638.15
1,144.05
614.32
857.60
563.55
Current Assets
2,45,184.27
2,17,583.24
2,21,215.52
2,07,372.30
1,94,966.83
1,82,689.89
1,66,791.44
1,41,630.45
1,21,841.25
1,07,452.55
Current Investments
43,360.62
34,957.63
35,573.42
29,799.58
31,011.23
12,699.75
13,946.17
9,464.25
14,300.22
7,494.19
Inventories
7,670.55
6,620.19
6,828.78
5,943.32
5,820.54
5,746.65
6,413.93
4,847.80
4,139.74
4,854.21
Sundry Debtors
53,713.68
48,770.95
44,731.53
46,139.32
42,229.78
40,731.52
36,845.87
33,116.98
28,688.97
26,024.98
Cash & Bank
22,965.34
15,358.39
22,519.60
18,953.17
16,241.50
15,117.78
11,726.24
8,032.73
5,305.96
5,389.91
Other Current Assets
1,17,474.08
577.89
820.45
1,211.34
99,663.78
1,08,394.19
97,859.23
86,168.69
69,406.36
63,689.26
Short Term Loans & Adv.
1,16,498.44
1,11,298.19
1,10,741.74
1,05,325.57
98,370.87
50,675.24
50,042.73
40,915.08
42,658.08
26,878.28
Net Current Assets
43,213.37
40,473.78
59,149.53
48,011.45
57,558.82
37,960.68
32,989.13
32,356.07
32,316.13
22,406.12
Total Assets
3,75,573.78
3,35,266.89
3,25,378.72
3,16,396.36
3,08,576.71
3,04,293.55
2,74,928.43
2,41,122.53
2,10,445.45
1,93,354.24

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
9,160.71
18,266.28
22,776.96
19,163.58
23,073.82
6,693.88
-4,755.83
-10,031.02
6,655.26
-3,239.59
PBT
23,104.01
20,423.50
16,973.04
14,398.04
23,026.30
14,314.20
14,580.91
11,639.16
8,765.93
7,925.40
Adjustment
3,721.75
4,507.91
5,551.94
4,548.35
-6,679.37
4,209.91
1,492.56
1,608.98
2,488.97
2,559.48
Changes in Working Capital
-12,063.95
-1,385.08
5,379.14
4,756.63
10,197.90
-7,783.78
-15,946.50
-19,875.72
-1,397.97
-10,509.78
Cash after chg. in Working capital
14,761.81
23,546.33
27,904.12
23,703.02
26,544.83
10,740.33
126.97
-6,627.58
9,856.93
-24.90
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-5,601.10
-5,280.05
-5,127.16
-4,539.44
-3,471.01
-4,046.45
-4,882.80
-3,403.44
-3,201.67
-3,214.69
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-15,517.51
2,163.04
-8,311.70
-3,667.68
-5,658.52
-8,256.27
-11,022.80
3,914.50
-9,795.94
-4,626.56
Net Fixed Assets
-1,274.43
-1,528.75
-3,083.68
-553.23
-2,042.07
439.78
-2,966.73
-1,022.87
-667.40
3,539.28
Net Investments
-10,179.57
-201.34
-1,733.54
3,885.85
-15,379.14
-11,130.28
4,435.09
-580.35
-2,767.71
-938.28
Others
-4,063.51
3,893.13
-3,494.48
-7,000.30
11,762.69
2,434.23
-12,491.16
5,517.72
-6,360.83
-7,227.56
Cash from Financing Activity
6,556.62
-25,413.36
-11,572.49
-15,181.48
-15,274.38
6,371.55
15,440.17
9,370.46
2,895.93
7,252.70
Net Cash Inflow / Outflow
199.82
-4,984.04
2,892.77
314.42
2,140.92
4,809.16
-338.46
3,253.94
-244.75
-613.45
Opening Cash & Equivalents
11,958.50
16,926.69
13,770.24
13,373.52
11,324.57
6,460.23
6,798.69
3,544.75
3,789.50
4,402.96
Closing Cash & Equivalent
12,187.00
11,958.50
16,926.69
13,770.24
13,373.52
11,117.95
6,460.23
6,798.69
3,544.75
3,789.51

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
706.49
624.22
632.22
583.87
537.43
472.41
442.26
389.53
356.67
314.18
ROA
4.97%
4.70%
3.92%
3.29%
1.52%
3.74%
3.97%
3.74%
3.41%
2.87%
ROE
19.33%
17.83%
14.78%
13.07%
6.58%
16.86%
17.56%
16.15%
14.67%
13.23%
ROCE
15.84%
14.86%
12.98%
11.61%
9.97%
12.93%
13.77%
12.76%
11.50%
11.19%
Fixed Asset Turnover
4.05
3.82
3.38
2.96
2.54
3.88
5.85
6.10
6.47
3.26
Receivable days
73.14
77.17
90.45
103.04
111.34
93.75
90.35
94.10
90.77
100.42
Inventory Days
10.20
11.10
12.71
13.72
15.52
14.70
14.54
13.68
14.92
20.34
Payable days
208.91
246.15
306.46
355.30
388.71
330.40
144.58
136.63
119.58
113.31
Cash Conversion Cycle
-125.58
-157.88
-203.29
-238.55
-261.84
-221.96
-39.68
-28.84
-13.89
7.45
Total Debt/Equity
1.33
1.33
1.33
1.50
1.76
2.13
2.02
1.97
1.88
2.01
Interest Cover
3.29
3.09
2.75
2.52
1.72
2.27
2.53
2.47
2.27
2.16

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • L&T’s PT&D business vertical wins grid infrastructure orders in India, abroad
    17th Sep 2025, 10:50 AM

    The orders include Distribution SCADA and Dynamic Reactive Power Compensation devices

    Read More
  • L&T’s Heavy Civil Infrastructure business secures order from NPCIL
    16th Sep 2025, 12:30 PM

    The order is for 2X1000 Mwe Kudankulam Nuclear Power Project in Tamil Nadu

    Read More
  • L&T’s transportation infrastructure business secures order from NHSRCL
    15th Sep 2025, 11:09 AM

    The scope includes design, supply, construction, testing & commissioning of track-works, on Design-Build Lump Sum Price basis, between Mumbai and Zaroli village in Gujarat

    Read More
  • L&T’s arm dispatches steam generator to Gorakhpur Haryana Anu Vidyut Pariyojana
    21st Aug 2025, 12:11 PM

    This is first of the four Steam Generators that L&T is manufacturing for GHAVP

    Read More
  • L&T’s arm enters into JDA with ITOCHU Corporation of Japan
    13th Aug 2025, 15:48 PM

    The agreement aims to develop and commercialise a 300 KTPA green ammonia project at Kandla in Gujarat

    Read More
  • L&T secures contract from Adani Power to set up eight thermal power units
    11th Aug 2025, 14:57 PM

    The order will be executed by L&T Energy - CarbonLite Solutions

    Read More
  • L&T’s Renewables business vertical secures order to develop grid-connected Solar PV plant
    4th Aug 2025, 10:53 AM

    The advanced BESS solution will feature liquid cooling technology, ensuring higher power density, improved safety, and extended operational life

    Read More
  • L&T’s minerals & metals business secures order from Hindustan Zinc
    1st Aug 2025, 14:30 PM

    The project was awarded to M&M on an EPC basis

    Read More
  • Larsen & Toubro reports 30% rise in Q1 consolidated net profit
    30th Jul 2025, 10:59 AM

    Consolidated total income of the company increased by 16.05% at Rs 65,035.70 crore for Q1FY26

    Read More
  • Larsen & Toubro - Quarterly Results
    29th Jul 2025, 17:23 PM

    Read More
  • L&T secures order for Hydrocarbon Offshore business vertical
    29th Jul 2025, 11:58 AM

    The Hydrocarbon Offshore vertical is a leading provider of engineering, procurement, construction, installation & commissioning (EPCIC) solutions in the offshore oil and gas sector

    Read More
  • L&T’s Buildings & Factories vertical secures orders in India and abroad
    24th Jul 2025, 15:59 PM

    The B&F business vertical has secured orders from the Andhra Pradesh Capital Region Development Authority for construction of Integrated Andhra Pradesh State Secretariat & HoD Offices (Towers 3 & 4) on design and construction basis

    Read More
  • L&T’s arm to establish India’s first largest green hydrogen plant at IOCL’s Panipat Refinery in Haryana
    21st Jul 2025, 11:08 AM

    The plant will operate round the clock using renewable energy, aligning with IOCL’s broader strategy to decarbonise its refining operations and contribute to India’s net-zero ambitions

    Read More
  • Larsen & Toubro lists ESG bonds worth Rs 500 crore on NSE
    24th Jun 2025, 12:20 PM

    The NCDs, having a three-year maturity period, will mature on June 19, 2028, and the interest would be paid on an annual basis

    Read More
  • L&T raises Rs 500 crore through NCDs
    19th Jun 2025, 15:40 PM

    The said NCDs would mature on June 19, 2028 and the interest would be paid on an annual basis

    Read More
  • L&T bags orders for Power Transmission & Distribution vertical
    10th Jun 2025, 12:58 PM

    In India, it has secured an order to build 765kV and 400kV transmission line jobs pertaining to the integration of a Renewable Energy Zone in Andhra Pradesh

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.