Larsen & Toubro Limited

Construction · Construction

NSE: LT BSE: 500510

₹3760.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Construction

The largest companies in the same industry by market cap. This company ranks #1 of 110. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Larsen & Toubro Limited (this stock)	517,274	71.3	14.7%	2.4%	1.01%	62	20	12
Rail Vikas Nigam Limited	42,067	50.7	8.9%	-41.4%	0.85%	52	17	47
Kalpataru Projects International Limited	23,577	26.3	13.3%	11.0%	0.80%	52	60	49
NBCC (India) Limited	21,195	32.2	23.1%	-28.3%	—	77	0	10
IRB Infrastructure Developers Limited	21,124	13.3	4.1%	-57.8%	—	54	93	11
Cemindia Projects Limited	20,481	34.5	24.9%	46.2%	0.25%	62	1	29
Engineers India Limited	17,401	25.7	22.0%	53.5%	—	83	49	89
Techno Electric & Engineering Company Limited	11,732	22.8	11.4%	-24.6%	0.69%	66	69	68

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹522,503 Cr

EV / EBITDA

37.8x

EV / Sales

3.34x

Market cap / Sales

3.31x

Earnings yield

1.40%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 40,118 Cr, up 11.2% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 4,455 Cr, up 27.8% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	36,024	5,180	4,455	₹32.3900
March 31, 2026	47,191	4,698	3,561	₹25.8900
Dec. 31, 2025	37,903	3,385	2,832	₹20.5900
Sept. 30, 2025	35,116	-2,982	-3,591	₹-26.1100
June 30, 2025	33,471	4,040	3,485	₹25.3400
March 31, 2025	42,329	4,439	3,509	₹
Dec. 31, 2024	34,984	3,061	2,419	₹17.5900
Sept. 30, 2024	34,918	2,700	1,993	₹14.5000
June 30, 2024	30,279	3,385	2,961	₹21.5400
March 31, 2024	39,553	3,339	2,666	₹19.4000
Dec. 31, 2023	31,601	2,616	2,136	₹15.5400
Sept. 30, 2023	28,151	3,157	2,710	₹19.2900
June 30, 2023	26,931	2,204	1,792	₹12.7500

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	40,118	48,694	40,079	36,189	36,077	43,526	36,182	35,752	32,727	40,574	32,827	30,387	27,789
Operating revenue	36,024	47,191	37,903	35,116	33,471	42,329	34,984	34,918	30,279	39,553	31,601	28,151	26,931
Other income	4,094	1,503	2,176	1,074	2,606	1,197	1,197	833	2,449	1,020	1,226	2,236	858
Operating expenses	34,109	42,500	34,739	32,796	31,080	38,571	32,090	31,964	28,294	36,122	29,142	26,230	25,057
Operating profit	1,915	4,691	3,164	2,320	2,391	3,758	2,895	2,955	1,985	3,431	2,459	1,921	1,873
Operating profit margin	5.3%	9.9%	8.3%	6.6%	7.1%	8.9%	8.3%	8.5%	6.6%	8.7%	7.8%	6.8%	7.0%
Depreciation	477	521	496	486	483	487	488	505	481	518	438	416	379
Interest	352	374	351	476	474	503	543	583	567	644	630	584	547
Exceptional items, gain / (loss)	—	-600	-1,109	-5,413	—	475	—	—	—	50	—	—	398
Profit before tax	5,180	4,698	3,385	-2,982	4,040	4,439	3,061	2,700	3,385	3,339	2,616	3,157	2,204
Tax	725	1,137	553	609	555	930	642	707	424	673	480	447	411
Net profit	4,455	3,561	2,832	-3,591	3,485	3,509	2,419	1,993	2,961	2,666	2,136	2,710	1,792
EPS	32.39	25.89	20.59	-26.11	25.34	—	17.59	14.50	21.54	19.40	15.54	19.29	12.75
Net profit (TTM)	7,257	6,287	6,235	5,822	11,407	10,883	10,040	9,757	10,473	9,304	9,641	9,330	8,730
EPS (TTM)	52.76	45.71	—	—	—	—	73.03	70.98	75.77	66.98	68.95	66.40	62.12

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	153,680	9,141	6,287
March 31, 2025	142,509	13,574	—
March 31, 2024	126,236	11,316	9,304
March 31, 2023	110,501	9,833	7,849

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	12.0%	16.0%	161,039^†	148,185^†	131,576^†	114,536^†	92,900^†	76,751^†	85,370^†	89,942^†	76,509^†	68,273^†
Operating revenue	11.6%	16.0%	153,680	142,509	126,236	110,501	89,161^†	73,316^†	82,389^†	86,988^†	74,603^†	66,301^†
Other income	—	—	7,358^†	5,676^†	5,341^†	4,035^†	3,740^†	3,435^†	2,981^†	2,954^†	1,905^†	1,972^†
Operating expenses	—	—	141,115^†	130,919^†	116,551^†	101,206^†	81,142^†	66,049^†	—	78,489^†	—	—
Operating profit	10.6%	11.6%	12,565^†	11,590^†	9,685^†	9,295^†	8,019^†	7,266^†	—	8,498^†	—	—
Operating profit margin	—	—	8.2%^†	8.1%^†	7.7%^†	8.4%^†	9.0%^†	9.9%^†	—	9.8%^†	—	—
Depreciation	—	—	1,985^†	1,961^†	1,751^†	1,372^†	1,088^†	1,026^†	—	1,068^†	—	—
Interest	—	—	1,675^†	2,195^†	2,406^†	2,125^†	1,744^†	2,420^†	2,163^†	1,641^†	1,432^†	1,318^†
Exceptional items, gain / (loss)	—	—	-7,122^†	475^†	448^†	0^†	290^†	-2,819^†	627^†	475^†	431^†	894^†
Profit before tax	-2.4%	15.5%	9,141	13,574	11,316	9,833	9,216^†	4,438^†	7,340^†	9,218^†	7,262^†	6,758^†
Tax	—	—	2,854^†	2,703^†	2,012^†	1,984^†	1,869^†	1,751^†	1,020^†	2,540^†	1,875^†	1,304^†
Net profit	-7.1%	—	6,287	10,883^†	9,304	7,849	7,347^†	—	—	6,678^†	5,387^†	5,454^†
EPS	-6.5%	19.0%	45.71^†	—	66.98^†	55.86^†	52.30^†	19.12^†	45.03^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	8.2%^†	8.1%^†	7.7%^†	8.4%^†	9.0%^†	9.9%^†	—	9.8%^†	—	—
EBIT margin	7.0%^†	11.1%^†	10.9%^†	10.8%^†	12.3%^†	9.4%^†	11.5%^†	12.5%^†	11.7%^†	12.2%^†
PBT margin	5.9%	9.5%	9.0%	8.9%	10.3%^†	6.1%^†	8.9%^†	10.6%^†	9.7%^†	10.2%^†
Net margin	4.1%	7.6%^†	7.4%	7.1%	8.2%^†	—	—	7.7%^†	7.2%^†	8.2%^†
Interest coverage	6.46x^†	7.18x^†	5.70x^†	5.63x^†	6.28x^†	2.83x^†	4.39x^†	6.62x^†	6.07x^†	6.13x^†
Dividend payout	74.4%^†	—	35.8%^†	39.4%^†	34.4%^†	136.0%^†	62.2%^†	—	—	—
Earnings retention	25.6%^†	—	64.2%^†	60.6%^†	65.6%^†	-36.0%^†	37.8%^†	—	—	—
Current ratio	1.29x	1.27x	—	—	—	—	—	—	—	—
Quick ratio	1.26x	1.24x	—	—	—	—	—	—	—	—
Debt to equity	0.15x	—	—	—	—	—	—	—	—	—
Return on equity	8.4%	—	—	—	—	—	—	—	—	—
Return on assets	3.0%	5.8%^†	—	—	—	—	—	—	—	—
Return on capital employed	12.6%^†	19.2%^†	—	—	—	—	—	—	—	—
Asset turnover	0.74x	0.76x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	21,928	-2,763	-16,701	2,242	19,686
March 31, 2025	12,724	-6,352	-6,725	2,725	9,999
March 31, 2024	8,294	6,362	-14,522	2,916	5,377
March 31, 2023	7,264	-1,753	-7,441	2,397	4,867
March 31, 2022	5,999	4,526	-8,360	1,410	4,588

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	208,138	74,533	74,258	1,593	9,788	158,312	122,354	6,152	9,355	3,691
March 31, 2025	186,416	—	—	—	—	132,573	104,109	3,584	9,717	3,399
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.