Larsen & Toubro Ltd.
NSE: LT · Civil Construction
Snapshot
Unlock Larsen & Toubro Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Larsen & Toubro Limited is a prominent Indian multinational conglomerate primarily engaged in engineering, construction, and manufacturing operations. The company operates across diverse sectors including infrastructure, hydrocarbons, power, heavy engineering, and defence.
Business Model
The company generates revenue through engineering, procurement, and construction (EPC) contracts, manufacturing of critical industrial equipment, and the provision of turnkey solutions for large-scale infrastructure and energy projects. It also leverages digital platforms and service-oriented business models to support its core engineering operations.
- Founded:1938
Growth Outlook
Growth is driven by sustained investment in national infrastructure, expansion in the defence and aerospace sectors, and the integration of digital technologies into traditional construction and manufacturing workflows.
Key Risks
- Project Execution Risk. Large-scale infrastructure projects are susceptible to delays and cost overruns due to complex logistical and regulatory environments.
- Commodity Price Volatility. Fluctuations in the prices of steel, cement, and energy can significantly impact profit margins on fixed-price EPC contracts.
- Geopolitical Instability. As a global player, the company faces risks related to international trade policies and political instability in regions where it executes projects.
- Regulatory and Policy Changes. Changes in government spending priorities or environmental regulations could affect the demand for large-scale industrial and infrastructure projects.
Price
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Key Metrics
REVENUE
₹2,85,874 Cr
TTM · consolidated
NET PROFIT
₹18,954 Cr
TTM · consolidated
EPS
₹116.92
TTM · consolidated
RETURN ON EQUITY
18.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.3%
TTM · consolidated
P/E
32.3x
Q4 FY26 · consolidated
EV/EBITDA
17.9x
Q4 FY26 · consolidated
EBITDA MARGIN
12.2%
TTM · consolidated
NET PROFIT MARGIN
7.4%
Q4 FY26 · consolidated
DEBT TO EQUITY
1.1x
Q4 FY26 · consolidated
Peers · Civil Construction
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Larsen & Toubro Ltd.LT | 4,83,706 | 32.29 | 17.92 | 11.8% | 12.2% | 18.8% | 15.3% | +7.8% |
Rail Vikas Nigam Ltd.RVNL | 54,127 | 53.90 | 33.54 | 2.5% | 7.5% | 9.0% | 10.1% | -40.9% |
IRB Infrastructure Developers Ltd.IRB | 24,699 | 17.18 | 10.49 | 0.5% | 54.8% | 4.2% | 6.0% | -58.8% |
NBCC (India) Ltd.NBCC | 22,196 | 36.58 | 24.66 | 6.7% | 7.2% | 28.4% | 33.1% | -15.4% |
Kalpataru Projects International Ltd.KPIL | 17,941 | 21.68 | 10.38 | 21.6% | 8.6% | 15.1% | 20.8% | +10.3% |
Kec International Ltd.KEC | 14,228 | 21.90 | 10.51 | 7.6% | 7.3% | 10.9% | 23.2% | -43.5% |
As of Q4 FY26
Financials
Larsen & Toubro Ltd.
NSE: LT · Civil Construction
Snapshot
Unlock Larsen & Toubro Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Larsen & Toubro Limited is a prominent Indian multinational conglomerate primarily engaged in engineering, construction, and manufacturing operations. The company operates across diverse sectors including infrastructure, hydrocarbons, power, heavy engineering, and defence.
Business Model
The company generates revenue through engineering, procurement, and construction (EPC) contracts, manufacturing of critical industrial equipment, and the provision of turnkey solutions for large-scale infrastructure and energy projects. It also leverages digital platforms and service-oriented business models to support its core engineering operations.
- Founded:1938
Growth Outlook
Growth is driven by sustained investment in national infrastructure, expansion in the defence and aerospace sectors, and the integration of digital technologies into traditional construction and manufacturing workflows.
Key Risks
- Project Execution Risk. Large-scale infrastructure projects are susceptible to delays and cost overruns due to complex logistical and regulatory environments.
- Commodity Price Volatility. Fluctuations in the prices of steel, cement, and energy can significantly impact profit margins on fixed-price EPC contracts.
- Geopolitical Instability. As a global player, the company faces risks related to international trade policies and political instability in regions where it executes projects.
- Regulatory and Policy Changes. Changes in government spending priorities or environmental regulations could affect the demand for large-scale industrial and infrastructure projects.
Price
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Unlock AI insights, financials, peers and live data on Larsen & Toubro Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹2,85,874 Cr
TTM · consolidated
NET PROFIT
₹18,954 Cr
TTM · consolidated
EPS
₹116.92
TTM · consolidated
RETURN ON EQUITY
18.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.3%
TTM · consolidated
P/E
32.3x
Q4 FY26 · consolidated
EV/EBITDA
17.9x
Q4 FY26 · consolidated
EBITDA MARGIN
12.2%
TTM · consolidated
NET PROFIT MARGIN
7.4%
Q4 FY26 · consolidated
DEBT TO EQUITY
1.1x
Q4 FY26 · consolidated
Peers · Civil Construction
As of Q4 FY26