Construction · NIFTY 50

Larsen & Toubro Limited

NSELT BSE500510 ISININE018A01030 SeriesEQ Listed on NSE · BSE

₹4,159.20 -52.80 (-1.25%) Updated 12 Nov, 6:16 pm IST

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Price, daily close+4.93% in a year

Today

Open: ₹4,210.00
Prev close: ₹4,212.00
Day high: ₹4,213.70
Day low: ₹4,158.00
Volume: 24.48 L
Value traded: ₹1,022.72 Cr
Upper circuit: ₹4,287.60
Lower circuit: ₹4,038.00
52W high: ₹4,440.00
52W low: ₹3,288.10
1 month: +13.59%
6 months: +4.50%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹572,264 Cr

P/E (TTM)32.04

P/B5.06

Book value / share₹821.49

EPS (TTM)₹129.82

ROE15.8%

Dividend yield0.91%

Dividend (12m)₹38.00 / share

Net margin (TTM)5.9%

Operating margin8.7%

Debt / equity1.21

Current ratio1.25

EV / EBITDA25.45

Sales growth (YoY qtr)+15.84%

Profit growth (YoY qtr)+32.50%

Sales CAGR 3Y+15.96%

Profit CAGR 3Y+15.38%

Shares137.59 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

55,1282,947

Dec 23

67,0794,396

Mar 24

55,1202,786

Jun 24

61,5553,395

Sep 24

64,6683,359

Dec 24

74,3925,497

Mar 25

63,6793,617

Jun 25

67,9843,926

Sep 25

71,4503,215

Dec 25

82,7625,326

Mar 26

67,9424,123

Jun 26

78,7505,202

Sep 26

Revenue · QoQ (vs last quarter)

—+22%-18%+12%+5.1%+15%-14%+6.8%+5.1%+16%-18%+16%

Revenue · YoY (vs a year ago)

————+17%+11%+16%+10%+10%+11%+6.7%+16%

Net profit · QoQ (vs last quarter)

—+49%-37%+22%-1.1%+64%-34%+8.5%-18%+66%-23%+26%

Net profit · YoY (vs a year ago)

————+14%+25%+30%+16%-4.3%-3.1%+14%+33%

RevenueNet profitLine = trend

21.42

Dec 23

31.95

Mar 24

20.25

Jun 24

24.68

Sep 24

24.41

Dec 24

39.95

Mar 25

26.29

Jun 25

28.53

Sep 25

23.36

Dec 25

38.70

Mar 26

29.96

Jun 26

37.80

Sep 26

EPS (₹) · YoY (vs a year ago)

————+14%+25%+30%+16%-4.3%-3.1%+14%+32%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	55,128	67,079	55,120	61,555	64,668	74,392	63,679	67,984	71,450	82,762	67,942	78,750
Other income	838	1,042	921	1,101	968	1,135	1,357	1,384	1,441	1,579	2,377	2,306
Total income	55,966	68,120	56,040	62,656	65,636	75,527	65,036	69,368	72,891	84,341	70,318	81,056
Raw material	18,899	25,840	18,597	24,285	23,622	29,071	21,610	24,593	24,451	29,939	20,959	29,989
Purchases	285	115	352	332	456	263	212	302	298	450	427	360
Employee cost	10,253	10,730	11,044	11,456	11,912	12,357	12,638	12,986	12,800	13,763	14,043	14,246
Other expenses	19,934	22,103	19,669	19,597	22,444	24,254	23,394	23,465	26,495	31,291	28,187	27,393
Total expenses	51,194	61,792	51,364	57,101	60,303	67,988	59,176	63,032	65,730	75,999	63,396	73,415
Operating profit	5,759	7,328	5,615	6,362	6,255	7,625	6,318	6,806	5,626	8,679	6,116	6,845
OPM %	10.4%	10.9%	10.2%	10.3%	9.7%	10.2%	9.9%	10.0%	7.9%	10.5%	9.0%	8.7%
Finance cost	904	926	861	884	843	746	782	763	625	679	539	473
Depreciation	921	1,021	998	1,024	1,047	—	1,033	1,092	1,072	1,168	1,032	1,037
Exceptional items	—	93.6	—	—	—	475	—	—	-1,791	68.7	—	—
Profit before tax	4,772	6,422	4,677	5,555	5,333	8,014	5,860	6,336	5,370	8,410	6,922	7,641
Tax	1,177	1,418	1,237	1,442	1,332	1,881	1,534	1,649	1,541	2,093	1,939	1,726
Net profit	3,593	5,013	3,445	4,099	3,974	5,497	4,318	4,678	3,825	6,133	4,988	5,949
Profit to shareholders	2,947	4,396	2,786	3,395	3,359	—	3,617	3,926	3,215	5,326	4,123	5,202
EPS (₹)	21.42	31.95	20.25	24.68	24.41	39.95	26.29	28.53	23.36	38.70	29.96	37.80

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

1.41L16,6198,905

FY19

1.45L16,3299,549

FY20

1.36L11,93011,583

FY21

1.57L18,3378,669

FY22

1.83L20,88910,471

FY23

2.21L23,58713,059

FY24

2.56L22,78815,037

FY25

2.86L27,42916,084

FY26

Revenue · YoY (vs a year ago)

—+3.2%-6.5%+15%+17%+21%+16%+12%

Net profit · YoY (vs a year ago)

—+7.2%+21%-25%+21%+25%+15%+7.0%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	141,007	145,452	135,979	156,521	183,341	221,113	255,734	285,874
Other income	1,852	2,361	3,429	2,267	2,929	4,158	4,125	5,761
Total expenses	128,572	134,382	127,173	144,378	169,297	204,847	236,755	263,937
Employee cost	18,101	23,114	24,762	29,734	37,214	41,171	46,769	52,187
Operating profit	16,619	16,329	11,930	18,337	20,889	23,587	22,788	27,429
OPM %	11.8%	11.2%	8.8%	11.7%	11.4%	10.7%	8.9%	9.6%
Finance cost	1,806	2,797	3,913	3,126	3,207	3,546	3,334	2,849
Depreciation	2,084	2,462	2,904	2,948	3,502	3,682	—	4,365
Profit before tax	14,581	13,431	8,542	14,530	17,109	20,517	23,579	25,976
Tax	4,343	3,263	3,873	4,239	4,484	4,947	5,891	6,816
Tax rate %	29.8%	24.3%	45.3%	29.2%	26.2%	24.1%	25.0%	26.2%
Net profit	10,217	10,894	12,921	10,419	12,531	15,547	15,037	18,954
Profit to shareholders	8,905	9,549	11,583	8,669	10,471	13,059	—	16,084
Net margin %	6.3%	6.6%	8.5%	5.5%	5.7%	5.9%	5.9%	5.6%
EPS (₹)	63.40	67.95	82.41	61.65	74.45	93.88	109.28	116.88

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

89,3261.19L16,927

Mar 23

86,3591.14L11,959

Mar 24

12,187

Mar 25

1.09L1.22L15,391

Mar 26

1.13L1.36L14,620

Sep 26

Shareholders' equity · YoY (vs a year ago)

—-3.3%———

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Reserves	—	—	97,381	—	—
Shareholders' equity	89,326	86,359	—	109,290	113,029
Long-term borrowings	61,218	56,507	—	63,739	69,935
Short-term borrowings	57,296	57,533	—	57,944	66,292
Total borrowings	118,513	114,040	—	121,683	136,227
Current liabilities	162,066	176,601	201,971	233,531	259,865
Fixed assets (PPE)	13,474	15,587	16,998	19,437	20,376
Inventories	6,829	6,620	7,671	9,531	11,552
Trade receivables	44,732	48,771	—	60,461	57,719
Cash & equivalents	16,927	11,959	12,187	15,391	14,620
Current assets	221,216	217,075	245,342	292,841	324,061
Total assets	330,352	339,627	379,524	452,550	484,727
Debt / equity	1.33	1.32	—	1.11	1.21

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

19,164-3,668-15,181

FY22

22,777-8,312-11,572

FY23

18,2662,163-25,413

FY24

9,161-15,5186,557

FY25

16,741-11,739-2,156

FY26

Operations · YoY (vs a year ago)

—+19%-20%-50%+83%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	19,164	22,777	18,266	9,161	16,741
Cash from investing	-3,668	-8,312	2,163	-15,518	-11,739
Cash from financing	-15,181	-11,572	-25,413	6,557	-2,156
Spent on fixed assets	-3,111	-4,144	-4,517	-4,419	-4,809
Free cash flow	16,053	18,633	13,750	4,742	11,932
Net cash flow	314	2,893	-4,984	200	2,846

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

0.0%Dec 23

0.0%Mar 24

0.0%Jun 24

0.0%Sep 24

0.0%Dec 24

0.0%Mar 25

0.0%Jun 25

0.0%Sep 25

0.0%Dec 25

0.0%Mar 26

0.0%Jun 26

0.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

0.0%promoter

Promoter & group: 0.00%
Public (FIIs, mutual funds, retail…): 100.00%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 38 Per ShareEx 22-May-2026
Dividend - Rs 34 Per ShareEx 03-Jun-2025
Dividend - Rs 28 Per ShareEx 20-Jun-2024
Buy BackEx 12-Sep-2023
Special Dividend - Rs 6 Per ShareEx 02-Aug-2023
Dividend - Rs 24 Per ShareEx 02-Aug-2023
Dividend - Rs 22 Per ShareEx 21-Jul-2022
Annual General Meeting/Dividend - Rs 18 Per ShareEx 28-Jul-2021

Board meetings

Larsen & Toubro Limited has informed the Exchange about Board Meeting to be held on 27-Oct-2026 to inter-alia consider and approve the Unaudited Fina…27-Oct-2026
the financial results for the period ended September 30, 202627-Oct-2026
Larsen & Toubro Limited has informed the Exchange about Board Meeting to be held on 28-Jul-2026 to inter-alia consider and approve the Unaudited Fina…28-Jul-2026
Larsen & Toubro Limited has informed the Exchange about Board Meeting to be held on 28-Jul-2026 to inter-alia consider and approve the Unaudited Fina…28-Jul-2026
Board Meeting for considering the unaudited financial results for the quarter ended June 30, 202628-Jul-2026

Filings with NSE

Bagging/Receiving of orders/contracts9 Nov
Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
Updates4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates2 Nov
Bagging/Receiving of orders/contracts2 Nov
General Updates31 Oct
Copy of Newspaper Publication28 Oct

Latest news

Larsen & Toubro Share Price - Live NSE: LT Stock Price & ChartUpstox · 10 Nov, 11:19 pm Larsen & Toubro (NSEI:LT) Stock Forecast & Analyst PredictionsSimply Wall St · 1 Nov, 12:30 pm L&T Bags Significant Order from Noida Metro for Aqua Line Extension; Shares Rise 0.18%HDFC Sky · 9 Nov, 11:13 am Larsen & Toubro gains 2%, rallies 11% in two weeks; what's driving stock?Business Standard · 25 Jun, 12:30 pm L&T bags order worth up to ₹2,500 crore for Noida Metro Aqua Line ExtensionCNBC TV18 · 9 Nov, 11:32 am Larsen & Toubro stock dropped 4% today; Macquarie shares target priceBusiness Today · 23 Mar, 12:30 pm L&T Wins Significant Noida Metro Aqua Line Extension OrderDalal Street Investment Journal · 9 Nov, 11:33 am L&T bags order worth up to ₹2,500 crore from Noida Metro Rail Corporation; shares trade higherUpstox · 9 Nov, 12:27 pm

About

About Larsen & Toubro Limited

Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate headquartered in Mumbai. It operates in sectors including industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, defence, and financial services.

From Wikipedia (CC BY-SA 4.0).

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Company details

Company name: Larsen & Toubro Limited
NSE symbol: LT
BSE scrip code: 500510
ISIN: INE018A01030
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 23 Jun 2004
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 137.59 crore
Index: NIFTY 50, NIFTY 500
Sector (NSE): Construction
Industry: Engineering & Construction
Managing director / CEO: S. N. Subrahmanyan
Chair: S. N. Subrahmanyan
Headquarters: Mumbai, Maharashtra, India
Registered address: L&T House, Ballard Estate, Mumbai- 400001, Maharashtra
Founded: 1946
Employees: 437,442
Financial year: April to March
Results basis: Consolidated
Website: larsentoubro.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Larsen & Toubro Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers