Loading…
Larsen and Toubro Ltd
NSE: LT BSE: 500510 INE018A01030 Industrials Infra 🔎 Screen
NIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 Infra
₹541,775 Cr
Market Cap
32.6
P/E
2.21
PEG
14.6%
ROCE
15.9%
ROE
1.15
D/E
12.8%
OPM
+11.3%
% from 52W High
60
α RS
⚖️ Compare 🔒 Generate Report 📚 Guides
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets.

✓ Strengths 1
  • Company has been maintaining a healthy dividend payout of 33.1%
! Concerns 1
  • Stock is trading at 4.92 times its book value
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
Loading…
🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
📊 MIXED Revenue grows 6.7% YoY but margins slip; PAT up 15.5%.
Revenue
Revenue stood at ₹67,942 Cr, up 6.7% YoY but down 17.9% sequentially. The YoY growth indicates steady demand, though the sharp QoQ drop suggests a seasonal slowdown or project phasing.
Profitability
Net profit rose 15.5% YoY to ₹4,988 Cr, aided by higher other income (₹2,377 Cr). However, PAT fell 18.7% QoQ. EPS improved to ₹29.97 from ₹26.30 a year ago.
Margins
Operating profit margin contracted to 12% from 13% YoY and QoQ. Despite revenue growth, profitability was squeezed, likely due to rising input costs or higher project expenses.
Cash Flow
Cash flow data not provided.
Balance Sheet
Balance sheet details not provided.
Key Risks
Debt-to-equity at 1.15 indicates moderate leverage. Margin compression (OPM down 100 bps) could persist if cost pressures continue. The sharp QoQ decline in revenue and profit signals potential project execution headwinds.
Outlook
The YoY growth in revenue and profit is encouraging, but sequential weakness and margin erosion need monitoring. Sustained order inflows and cost control will be critical for recovery in coming quarters.
Generated by AI · Jun 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Documents.

Access concall transcripts, annual reports, credit ratings, and investor presentations.

Upgrade to PremiumCreate Free Account

Revenue by Segment

Segment Q3FY26 Q4FY26 Trend
Add: Exceptional items (net of tax)
0
EBIT 0
Development Projects
1,161
EBIT 159
1,176
EBIT 161
Energy Projects
12,730
EBIT 677
16,600
EBIT 957
Financial Services
4,477
EBIT 1,021
4,669
EBIT 1,079
Hi-Tech Manufacturing
3,382
EBIT 536
4,914
EBIT 795
Infrastructure Projects
34,004
EBIT 1,695
40,160
EBIT 3,154
IT & Technology Services
13,676
EBIT 2,216
14,238
EBIT 2,162
Less: Inter-segment assets
0
EBIT 0
0
EBIT 0
Less: Inter-segment liabilities
0
EBIT 0
0
EBIT 0
Less: Inter-segment margins on capital jobs
0
EBIT -17
0
EBIT -51
Others
2,822
EBIT 818
2,025
EBIT 434
Add: Exceptional items (before tax)
0
EBIT -1,791
Total 72,252 83,782

Source: NSE Integrated Filing XBRL (Reg. 33 Ind AS). Values in ₹ Crore.

🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This report does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a SEBI-registered investment adviser or other qualified financial professional before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities or financial instruments discussed in this report. Any such positions, if material, are disclosed to the best of the author's knowledge and are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company, institution, or third party.

Information Sources:
The analysis and opinions expressed herein are based on publicly available information, including but not limited to company filings with the BSE/NSE, annual reports, management commentary, investor presentations, data from the Reserve Bank of India (RBI), SEBI, industry publications, and other reliable financial data sources. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This report may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. The author does not undertake any obligation to update such statements in the future.

Regulatory Compliance:
This report is intended to comply with the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, as amended, and other applicable Indian laws and regulations.

Limitation of Liability:
The content of this report is provided "as is" without any warranties, express or implied, including accuracy, completeness, merchantability, or fitness for a particular purpose. The author and publisher expressly disclaim any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.