Larsen & Toubro Limited

BSE: LT500510ISIN INE018A01030

Industrials
Civil Construction
BSE SENSEX

BSE listing

Share price

₹3,860.00+29.85 (+0.78%)

as of 18 Sep 2026

52W high: ₹4,440.00
52W low: ₹3,288.65
Off 52W high: -13.06%
1M return: -4.22%
3M return: -8.30%
6M return: +12.38%
1Y return: +4.69%
20D avg volume: 1,04,443
50 DMA: ₹3,954.39
200 DMA: ₹3,977.78

Key ratios Consolidated

Market cap: ₹5,31,084 Cr
Current price: ₹3,860.00
52W high / low: ₹4,440.00 / ₹3,288.65
Face value: ₹2.00
P/E: 27.06
P/B: —
EPS (TTM): ₹142.64
Book value / share: —
ROE: —
ROCE: 13.20%
Operating margin: —
Net margin: —
Debt / equity: 0.95
Net debt: ₹1,06,292 Cr
Interest cover: 10.12
Dividend yield: 0.98%
Dividend / share (TTM): ₹38.00
Payout: 26.64%
Cash conversion cycle: 0.7 days

About

In plain English

Larsen & Toubro Ltd is a company that wins and executes large-scale engineering and construction projects, like building metro rail systems. It regularly announces new orders and sets up new subsidiaries to handle different projects. For example, it recently extended the timeline for selling its stake in a metro rail project in Hyderabad. Its customers are typically government bodies and large corporations that need infrastructure built, though specific names aren't detailed in the provided materials.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 25 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	67,942	82,762	71,450	67,984	63,679	74,392	64,668	61,555	55,120	67,079	55,128	51,024
	2,377	1,579	1,441	1,384	1,357	1,135	967.87	1,101	920.64	1,042	837.75	1,133
	63,396	75,999	65,730	63,032	59,176	67,988	60,303	57,101	51,364	61,792	51,194	47,166
	20,959	29,939	24,451	24,593	21,610	29,071	23,622	24,285	18,597	25,840	18,899	17,164
	426.69	449.57	298.29	302.08	212.36	262.97	455.68	331.86	351.64	114.75	285.15	338.50
	14,043	13,763	12,800	12,986	12,638	12,357	11,912	11,456	11,044	10,730	10,253	10,299
	538.67	679.27	625.13	762.81	781.61	745.93	842.71	884.38	861.36	926.30	904.17	864.01
	1,032	1,168	1,072	1,092	1,033	1,052	1,047	1,024	997.92	1,021	920.75	909.89
	28,187	31,291	26,495	23,465	23,394	24,254	—	—	—	—	—	—
	6,922	8,342	7,161	6,336	5,860	7,539	5,333	5,555	4,677	6,328	4,772	4,991
	0.00	68.65	-1,791	0.00	0.00	474.78	0.00	0.00	0.00	93.61	0.00	0.00
	6,922	8,410	5,370	6,336	5,860	8,014	5,333	5,555	4,677	6,422	4,772	4,991
	1,939	2,093	1,541	1,649	1,534	1,881	1,332	1,442	1,237	1,418	1,177	1,136
	4,988	6,133	3,825	4,678	4,318	6,133	3,974	4,099	3,445	5,013	3,593	3,846
	29.97	38.71	23.37	28.54	26.30	39.98	24.43	24.69	20.26	31.98	21.44	22.94
Key metrics
	8,493	10,258	7,067	8,191	7,674	9,812	7,223	7,463	6,536	8,369	6,597	6,765
	12.50%	12.40%	9.90%	12.00%	12.10%	13.20%	11.20%	12.10%	11.90%	12.50%	12.00%	13.30%
	7.30%	7.40%	5.40%	6.90%	6.80%	8.20%	6.10%	6.70%	6.20%	7.50%	6.50%	7.50%
	—	4.20%	—	3.70%	—	4.90%	—	—	—	—	—	—
	6.70%	11.30%	10.50%	10.40%	15.50%	10.90%	17.30%	20.60%	—	—	—	—
	15.50%	0.00%	-3.80%	14.10%	25.40%	22.30%	10.60%	6.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	2,90,137	2,85,874	2,55,734	2,21,113	1,83,341	1,56,521	1,35,979	1,45,452	1,41,007	1,19,862	1,10,011
	6,781	5,761	4,125	4,158	2,929	2,267	3,429	2,361	1,852	1,412	1,401
	2,68,157	2,63,937	2,36,755	2,04,847	1,69,297	1,44,378	1,27,173	1,34,382	1,28,572	1,09,758	1,02,646
	99,942	1,00,592	95,575	78,688	67,047	53,698	42,153	48,049	50,921	15,377	—
	1,477	1,262	1,402	1,064	1,053	1,070	1,214	841.09	1,800	—	—
	53,592	52,187	46,769	41,171	37,214	29,734	24,762	23,114	18,101	—	—
	2,606	2,849	3,334	3,546	3,207	3,126	3,913	2,797	1,806	1,539	1,340
	4,364	4,365	4,121	3,682	3,502	2,948	2,904	2,462	2,084	—	—
	1,09,438	1,04,644	85,965	—	—	—	—	—	—	—	—
	28,761	27,698	23,104	20,424	16,973	14,411	12,236	13,431	14,286	11,516	8,766
	-1,722	-1,722	474.78	93.61	135.99	119.70	-3,694	0.00	294.75	123.00	121.43
	27,039	25,976	23,579	20,517	17,109	14,530	8,542	13,431	14,581	11,639	8,887
	7,222	6,816	5,891	4,947	4,484	4,239	3,873	3,263	4,343	3,199	2,007
	19,624	18,954	17,687	15,547	12,531	10,419	12,921	10,894	10,217	8,004	6,486
	120.59	116.93	109.36	93.96	74.51	61.71	23.82	63.38	63.51	—	—
Key metrics
	34,008	33,189	31,034	27,745	23,818	20,604	15,360	18,690	18,471	13,178	10,227
	11.72%	11.60%	12.10%	12.50%	13.00%	13.20%	11.30%	12.80%	13.10%	11.00%	9.30%
	6.76%	6.60%	6.90%	7.00%	6.80%	6.70%	9.50%	7.50%	7.20%	6.70%	5.90%
	—	13.20%	15.20%	—	—	—	—	—	—	—	—
	—	11.80%	15.70%	20.60%	17.10%	15.10%	-6.50%	3.20%	17.60%	9.00%	—
	—	7.20%	13.80%	24.10%	20.30%	-19.40%	18.60%	6.60%	27.60%	23.40%	—
	—	11,932	4,742	—	—	—	—	—	—	—	—
	—	0.88	0.52	—	—	—	—	—	—	—	—
	—	0.95	—	—	—	—	—	—	—	—	—
	—	1,06,292	—	—	—	—	—	—	—	—	—
	—	0.7	12.7	—	—	—	—	—	—	—	—
Balance sheet
	—	4,52,550	3,79,524	—	—	—	—	—	—	—	—
	—	2,92,841	2,45,342	—	—	—	—	—	—	—	—
	—	15,391	12,187	—	—	—	—	—	—	—	—
	—	60,461	53,714	—	—	—	—	—	—	—	—
	—	9,531	7,671	—	—	—	—	—	—	—	—
	—	91,303	81,137	—	—	—	—	—	—	—	—
	—	19,437	16,998	—	—	—	—	—	—	—	—
	—	69,456	52,459	—	—	—	—	—	—	—	—
	—	2,33,531	2,01,971	—	—	—	—	—	—	—	—
	—	1,21,683	—	—	—	—	—	—	—	—	—
	—	57,944	—	—	—	—	—	—	—	—	—
	—	63,739	—	—	—	—	—	—	—	—	—
	—	1,28,530	—	—	—	—	—	—	—	—	—
Cash flow
	—	16,741	9,161	—	—	—	—	—	—	—	—
	—	-11,739	-15,518	—	—	—	—	—	—	—	—
	—	-2,156	6,557	—	—	—	—	—	—	—	—
	—	4,809	4,419	—	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	36,024	47,191	37,903	35,116	33,471	42,329	34,984	34,918	30,279	39,553	31,601	28,151
	4,094	1,503	2,176	1,074	2,606	1,197	1,197	833.38	2,449	1,020	1,226	2,236
	34,938	43,396	35,585	33,758	32,037	39,561	33,120	33,052	29,342	37,285	30,210	27,230
	5,729	21,382	15,878	16,055	14,741	18,294	15,695	16,741	13,010	18,579	14,439	12,628
	413.30	434.45	297.65	305.58	212.81	256.04	455.74	328.40	369.72	122.26	292.56	347.22
	3,257	3,108	2,915	2,888	2,692	2,698	2,577	2,515	2,453	2,386	2,205	2,174
	352.37	374.47	350.60	476.23	474.12	502.65	542.51	583.12	567.18	644.46	629.84	584.18
	476.59	520.91	495.82	485.83	482.84	487.38	487.96	504.86	480.78	518.42	438.45	415.56
	25,275	17,783	15,415	13,390	13,478	16,293	—	—	—	—	—	—
	5,180	5,298	4,494	2,431	4,040	3,964	3,061	2,700	3,385	3,289	2,616	3,157
	0.00	-600.00	-1,109	-5,413	0.00	474.78	—	—	—	50.02	—	—
	5,180	4,698	3,385	-2,982	4,040	4,439	3,061	2,700	3,385	3,339	2,616	3,157
	724.79	1,137	552.83	609.40	554.79	929.83	642.08	706.87	424.03	673.01	480.18	447.45
	4,455	3,561	2,832	-3,591	3,485	3,509	2,419	1,993	2,961	2,666	2,136	2,710
	32.39	25.89	20.59	-26.11	25.34	25.52	17.59	14.50	21.54	19.40	15.54	19.29
Key metrics
	6,009	5,593	4,231	-2,020	4,997	5,429	4,092	3,788	4,433	4,502	3,685	4,157
	16.70%	11.90%	11.20%	-5.80%	14.90%	12.80%	11.70%	10.80%	14.60%	11.40%	11.70%	14.80%
	12.40%	7.50%	7.50%	-10.20%	10.40%	8.30%	6.90%	5.70%	9.80%	6.70%	6.80%	9.60%
	—	5.90%	—	-3.20%	—	6.00%	—	—	—	—	—	—
	7.60%	11.50%	8.30%	0.60%	10.50%	7.00%	10.70%	24.00%	—	—	—	—
	27.80%	1.50%	17.10%	-280.20%	17.70%	31.60%	13.30%	-26.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	1,56,234	1,53,680	1,42,509	1,26,236	1,10,501	1,01,000	73,316	82,384	86,988	74,612	66,301
	8,847	7,358	5,669	5,341	4,035	3,613	3,435	2,808	2,769	1,885	1,972
	1,47,677	1,44,776	1,35,079	1,20,708	1,04,703	94,872	69,495	78,833	81,013	69,665	62,409
	59,044	68,056	63,739	58,267	55,522	46,755	29,539	35,639	39,274	—	—
	1,451	1,250	1,410	1,079	1,076	1,071	1,227	855.63	1,786	—	1,391
	12,168	11,603	10,380	8,864	8,298	7,397	5,485	5,956	6,082	—	5,146
	1,554	1,675	2,195	2,406	2,125	1,754	2,420	2,267	1,641	1,432	1,318
	1,979	1,985	1,963	1,751	1,372	1,172	1,026	1,021	1,068	—	1,215
	71,864	60,067	54,303	—	—	—	—	—	—	—	—
	17,403	16,263	13,099	10,868	9,833	9,741	7,256	6,359	8,743	6,832	5,864
	-7,122	-7,122	474.78	447.99	—	267.29	-2,819	626.99	474.93	430.53	893.97
	10,281	9,141	13,574	11,316	9,833	10,009	4,438	6,986	9,218	7,262	6,758
	3,024	2,854	2,703	2,012	1,984	2,129	1,751	961.15	2,540	1,875	1,304
	7,257	6,287	10,871	9,304	7,849	7,879	11,337	6,679	6,678	5,387	5,454
	52.76	45.71	79.06	66.95	55.85	56.09	19.13	42.93	47.63	0.00	—
Key metrics
	13,814	12,802	17,732	15,473	13,330	12,935	7,883	10,273	11,928	8,695	9,291
	8.84%	8.30%	12.40%	12.30%	12.10%	12.80%	10.80%	12.50%	13.70%	11.70%	14.00%
	4.65%	4.10%	7.60%	7.40%	7.10%	7.80%	15.50%	8.10%	7.70%	7.20%	8.20%
	—	12.60%	19.20%	—	—	—	—	—	—	—	—
	—	7.80%	12.90%	14.20%	9.40%	37.80%	-11.00%	-5.30%	16.60%	12.50%	—
	—	-42.20%	16.80%	18.50%	-0.40%	-30.50%	69.70%	0.00%	24.00%	-1.20%	—
	—	19,686	9,999	—	—	—	—	—	—	—	—
	—	3.49	1.17	—	—	—	—	—	—	—	—
	—	0.15	—	—	—	—	—	—	—	—	—
	—	5,229	—	—	—	—	—	—	—	—	—
	—	-0.2	7.5	—	—	—	—	—	—	—	—
Balance sheet
	—	2,08,138	1,86,416	—	—	—	—	—	—	—	—
	—	1,58,312	1,32,573	—	—	—	—	—	—	—	—
	—	6,152	3,584	—	—	—	—	—	—	—	—
	—	45,330	38,330	—	—	—	—	—	—	—	—
	—	3,691	3,399	—	—	—	—	—	—	—	—
	—	66,397	61,074	—	—	—	—	—	—	—	—
	—	9,355	9,717	—	—	—	—	—	—	—	—
	—	49,141	38,796	—	—	—	—	—	—	—	—
	—	1,22,354	1,04,109	—	—	—	—	—	—	—	—
	—	11,381	—	—	—	—	—	—	—	—	—
	—	1,593	—	—	—	—	—	—	—	—	—
	—	9,788	—	—	—	—	—	—	—	—	—
	—	74,533	—	—	—	—	—	—	—	—	—
Cash flow
	—	21,928	12,724	—	—	—	—	—	—	—	—
	—	-2,763	-6,352	—	—	—	—	—	—	—	—
	—	-16,701	-6,725	—	—	—	—	—	—	—	—
	—	2,242	2,725	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +11.62%
Sales CAGR 5Y: +15.95%
Sales CAGR 10Y: —
Profit CAGR 3Y: -7.13%
Profit CAGR 5Y: -11.12%
Profit CAGR 10Y: —
Sales YoY (TTM): +7.23%
Profit YoY (TTM): -36.38%

Consolidated

Sales CAGR 3Y: +15.96%
Sales CAGR 5Y: +16.02%
Sales CAGR 10Y: —
Profit CAGR 3Y: +14.79%
Profit CAGR 5Y: +7.96%
Profit CAGR 10Y: —
Sales YoY (TTM): +9.78%
Profit YoY (TTM): +5.93%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 0.00%

Holder	Type	Holding	Previous	Change
L&T EMPLOYEES TRUST	Public	14.57%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	12.41%	—	—
SBI MUTUAL FUND	Public	4.69%	—	—
ICICI PRUDENTIAL MUTUAL FUND	Public	3.58%	—	—
NPS TRUST A/C UTI PENSION FUND LIMITED	Public	3.45%	—	—
HDFC MUTUAL FUND	Public	2.14%	—	—
NIPPON LIFE INDIA TRUSTEE LTD	Public	1.69%	—	—
GOVERNMENT OF SINGAPORE	Public	1.58%	—	—
UTI MUTUAL FUND	Public	1.58%	—	—
GENERAL INSURANCE CORPORATION OF INDIA	Public	1.47%	—	—
SBI LIFE INSURANCE CO. LTD	Public	1.11%	—	—
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Public	1.02%	—	—
NATIONALISED BANKS	Public	0.13%	—	—
FOREIGN INSTITUTIONAL INVESTORS	Public	0.03%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

L&T Semiconductor Technologies Unveils 40 Products at SEMICON 2026 Marks a major milestone with its first silicon carbide chips18 Sep 2026 · Company Update / Press Release / Media Release
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Credit Rating17 Sep 2026 · Company Update / Credit Rating
Schedule of Analyst / Institutional Investors'' Meet16 Sep 2026 · Company Update / Analyst / Investor Meet
Allotment of shares15 Sep 2026 · Company Update / Allotment of Equity Shares
Issue of Tokenised Non-convertible Debentures by Larsen & Toubro Limited9 Sep 2026 · Company Update / Allotment of Equity Shares
L&T Becomes India''s First Private Sector Corporate to issue Tokenised Bond9 Sep 2026 · Company Update / Press Release / Media Release
L&T Wins Large* Offshore Order from ONGC9 Sep 2026 · Company Update / Award of Order / Receipt of Order
Intimation regarding publication of Order dated August 18, 2026 passed by the NCLT, in relation to the Notice of Admission of Hearing of the Company Scheme Petition.8 Sep 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Credit Rating4 Sep 2026 · Company Update / Credit Rating
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Credit Ratings1 Sep 2026 · Company Update / Credit Rating
Scheme of Arrangement between Larsen & Toubro Limited ("Transferor Company/L&T") and L&T Realty Properties Limited ("Transferee Company/LTRPL") and their respective shareholders and creditors ....1 Sep 2026 · Company Update / Scheme of Arrangement
L&T Renewables Business Wins (Major*) Order for Battery Energy Storage System in the Middle East25 Aug 2026 · Company Update / Award of Order / Receipt of Order
L&T signs contract for an Ultra-Mega* gas compression project in the Middle East24 Aug 2026 · Company Update / Award of Order / Receipt of Order
L&T Wins (Large) Order for Automated People Mover System at Dubai''s AI Maktoum Airport20 Aug 2026 · Company Update / Award of Order / Receipt of Order
L&T Secures Ultra-Mega* Order for Strategic Offshore Development Project in the Middle East17 Aug 2026 · Company Update / Award of Order / Receipt of Order
Larsen & Toubro Secures Mega* Order as part of a strategic partnership with together AI to build India''s largest NVIDIA B300 AI Factory13 Aug 2026 · Company Update / Award of Order / Receipt of Order
Execution of Business Transfer Agreement with Vyoma.AI Limited (Vyoma), Wholly owned Subsidiary of the Company and execution of Share Purchase Agreement towards sale of entire stake held ....11 Aug 2026 · Company Update / Diversification / Disinvestment
ESG Credit Rating11 Aug 2026 · Company Update / General
L&T Wins Offshore Orders (Major*) from ONGC7 Aug 2026 · Company Update / Award of Order / Receipt of Order
Re-filing of announcement in machine readable format6 Aug 2026 · Company Update / General
Schedule of Analyst / Institutional Investors'' Meet6 Aug 2026 · Company Update / Analyst / Investor Meet
Summary of Proceedings, Voting Results and Scrutinizer''s report of the NCLT Convened meeting of Equity Shareholders of the Company held on August 4, 2026.4 Aug 2026 · Company Update / Scheme of Arrangement
Summary of Proceedings, Voting Result and Scrutinizer''s report of the NCLT Convened meeting of Equity Shareholders of the Company held on August 4, 20264 Aug 2026 · AGM/EGM / Court Convened Meeting
Summary of Proceedings, Voting Results and Scrutinizer''s report of the NCLT Convened meeting of Equity Shareholders of the Company held on August 4, 2026.4 Aug 2026 · AGM/EGM / Court Convened Meeting
L&T Wins Ultra-Mega* Order from ADNOC Offshore4 Aug 2026 · Company Update / Award of Order / Receipt of Order
Transcript of Q1 / FY 27 Earnings Call3 Aug 2026 · Company Update / Earnings Call Transcript
L&T Energy Hydrocarbon Onshore Signs Six-Year EPC Agreement with Petroleum Development Oman31 Jul 2026 · Company Update / Press Release / Media Release
L&T Energy CarbonLite Solutions Secures LNTP for Mega* Order of 1,600 MW Thermal Power Plant30 Jul 2026 · Company Update / Award of Order / Receipt of Order
Intimation to Stock Exchanges regarding publication of Financial Results in Newspapers29 Jul 2026 · Company Update / Newspaper Publication
L&T Wins Major* Order from Kuwait Oil Company for Hydrocarbon Onshore Business29 Jul 2026 · Company Update / Award of Order / Receipt of Order
Audio recording of Q1 / FY27 Earnings Call28 Jul 2026 · Company Update / Analyst / Investor Meet
Analyst Presentation - Q1 / FY2728 Jul 2026 · Company Update / General
Larsen & Toubro Limited has informed the Exchange about Amalgamation/ Merger of L&T Power Development Limited, a wholly owned subsidiary of the Company, with the Company28 Jul 2026 · Company Update / Scheme of Arrangement
Outcome of Board Meeting of Larsen & Toubro Limited held on July 28, 202628 Jul 2026 · Result / Financial Results
Outcome of Board Meeting of Larsen & Toubro Limited ('the Company') held on July 28, 202628 Jul 2026 · Board Meeting / Outcome of Board Meeting
Allotment of Shares28 Jul 2026 · Company Update / Allotment of Equity Shares
Change in Senior Management28 Jul 2026 · Company Update / Change in Management
L&T Secures Framework Agreement (Ultra-Mega*) with TenneT for 2 GW Offshore Wind Programme28 Jul 2026 · Company Update / Award of Order / Receipt of Order
L&T wins (Major*) Order for Residential, commercial Buildings & Factories Business27 Jul 2026 · Company Update / Award of Order / Receipt of Order
ESG Credit Rating27 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 38.0000	22 May 2026	22 May 2026	—
Final Dividend - Rs. - 34.0000	3 Jun 2025	3 Jun 2025	—

Board meetings

28 Jul 2026 Board Meeting - Financial Results