LT
Larsen & Toubro Limited (LT) Stock Analysis
Larsen & Toubro Limited is India's largest engineering and construction conglomerate with businesses in infrastructure, hydrocarbon, power, defence, IT services, and financial services. It executes mega projects for government and private clients domestically and overseas. The company is a bellwether for India's capital expenditure cycle. It is listed on Indian stock exchanges.
Industrials › Engineering & Construction
₹3,627.10
-2.06% 1W | -5.40% 52W
Market Cap
499.0k CR
P/E Ratio
30.1
52W High
₹4440
52W Low
₹3288.1
Div. Yield
1.05%
Beta
0.5
50 DMA
₹3904.8
200 DMA
₹3937.5
Profit Margin
5.6%
Inst. Own.
52.5%
⚡ APPROACHING SUPPORT
⚡ APPROACHING SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47,882 | 51,024 | 55,128 | 67,079 | 55,120 | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 |
| Expenses | 41,566 | 43,984 | 47,929 | 58,426 | 48,074 | 53,638 | 56,770 | 64,516 | 55,655 | 59,470 | 62,259 | 72,343 | 59,793 |
| Operating Profit | 6,316 | 7,040 | 7,199 | 8,653 | 7,046 | 7,917 | 7,898 | 9,876 | 8,024 | 8,513 | 9,190 | 10,419 | 8,149 |
| OPM % | 13% | 14% | 13% | 13% | 13% | 13% | 12% | 13% | 13% | 13% | 13% | 13% | 12% |
| Other Income | 1,146 | 1,133 | 838 | 1,135 | 921 | 1,101 | 968 | 1,610 | 1,357 | 1,384 | -350 | 1,647 | 2,377 |
| Interest | 2,299 | 2,272 | 2,344 | 2,345 | 2,292 | 2,439 | 2,486 | 2,419 | 2,488 | 2,470 | 2,399 | 2,488 | 2,571 |
| Depreciation | 830 | 910 | 921 | 1,021 | 998 | 1,024 | 1,047 | 1,052 | 1,033 | 1,092 | 1,072 | 1,168 | 1,032 |
| Profit before tax | 4,332 | 4,991 | 4,772 | 6,422 | 4,677 | 5,555 | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | 6,922 |
| Tax % | 28% | 23% | 25% | 22% | 26% | 26% | 25% | 23% | 26% | 26% | 29% | 25% | 28% |
| Net Profit | 3,096 | 3,846 | 3,593 | 5,013 | 3,445 | 4,099 | 3,974 | 6,156 | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 |
| EPS in Rs | 17.74 | 23.45 | 21.44 | 31.98 | 20.26 | 24.69 | 24.43 | 39.97 | 26.30 | 28.54 | 23.37 | 38.71 | 29.97 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91,929 | 101,122 | 109,312 | 119,683 | 135,220 | 145,452 | 135,979 | 156,521 | 183,341 | 221,113 | 255,734 | 285,874 | 290,137 |
| Expenses | 76,245 | 85,637 | 92,691 | 99,572 | 112,354 | 120,899 | 112,519 | 132,207 | 156,175 | 192,355 | 221,183 | 249,530 | 253,866 |
| Operating Profit | 15,684 | 15,486 | 16,620 | 20,111 | 22,866 | 24,553 | 23,460 | 24,314 | 27,166 | 28,758 | 34,551 | 36,345 | 36,272 |
| OPM % | 17% | 15% | 15% | 17% | 17% | 17% | 17% | 16% | 15% | 13% | 14% | 13% | 12% |
| Other Income | 1,422 | 1,219 | 1,466 | 1,465 | 2,701 | 3,015 | 8,111 | 2,364 | 2,891 | 4,953 | 3,074 | 4,052 | 5,058 |
| Interest | 7,266 | 6,899 | 6,829 | 7,714 | 9,339 | 11,021 | 11,750 | 9,235 | 9,445 | 9,512 | 9,925 | 10,056 | 9,928 |
| Depreciation | 2,623 | 1,787 | 2,370 | 2,223 | 1,923 | 2,462 | 2,904 | 2,948 | 3,502 | 3,682 | 4,121 | 4,365 | 4,364 |
| Profit before tax | 7,217 | 8,020 | 8,887 | 11,639 | 14,305 | 14,086 | 16,918 | 14,495 | 17,109 | 20,517 | 23,579 | 25,976 | 27,039 |
| Tax % | 31% | 30% | 23% | 27% | 28% | 23% | 24% | 29% | 26% | 24% | 25% | 26% | |
| Net Profit | 4,966 | 4,592 | 6,486 | 8,004 | 10,217 | 10,894 | 12,921 | 10,419 | 12,531 | 15,547 | 17,673 | 18,954 | 19,624 |
| EPS in Rs | 34.17 | 30.64 | 43.17 | 52.59 | 63.48 | 68.02 | 82.47 | 61.70 | 74.50 | 95.00 | 109.35 | 116.92 | 120.59 |
| Dividend Payout % | 32% | 40% | 22% | 30% | 28% | 26% | 44% | 36% | 32% | 36% | 31% | 32% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 16.0% | 16.0% | 11.0% |
| Profit CAGR | 17.0% | 3.0% | 15.0% |
Shareholding Pattern
FIIs19.33%
DIIs43.48%
Public36.95%
FIIs19.48%
DIIs43.34%
Public36.92%
FIIs20.06%
DIIs42.99%
Public36.69%
FIIs18.78%
DIIs43.32%
Public37.64%
FIIs19.13%
DIIs43.01%
Public37.60%
FIIs24.48%
DIIs38.64%
Public36.65%
FIIs24.36%
DIIs38.08%
Public37.33%
FIIs19.80%
DIIs42.71%
Public37.25%
FIIs18.78%
DIIs43.32%
Public37.64%
FIIs19.13%
DIIs43.01%
Public37.60%
LT
Holdings Analysis
Key strengths & risk signals
55
Overall
66
Fundamental
45
Technical
Risks (4)
LOW MARGIN! 5.6% profit margin - thin profits.
WEAK POSITION! Current price (3627.1) is below both moving averages.
NEGATIVE MOMENTUM! Price declined across timeframes - down 2.1% (1 week), 4.7% (1 month), 4.9% (3 months).
BEARISH TREND! 50-day average (3904.8) is below 200-day average (3937.5) - negative signal.
Strengths (3)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 37.0 - watch for reversal.
Fundamental & Technical Analysis
55Overall
66Fundamental
45Technical
Fundamental Breakdown
Growth Quality
26/30
Revenue CAGR: 16.1% (VERY GOOD, 13/15). Profit CAGR: 15.4% (VERY GOOD, 13/15).
Profit Margin
3/10
LOW MARGIN! 5.6% profit margin - thin profits.
PEG Valuation
8/10
FAIRLY VALUED! PEG of 1.95 indicates reasonable valuation.
Dividend Yield
5/10
LOW DIVIDEND! 1.05% yield - minimal income contribution.
Debt to Equity
4/10
HIGH DEBT! D/E of 1.15 - caution advised.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 36.47% public ownership - moderate retail influence.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
3/10
BEARISH TREND! 50-day average (3904.8) is below 200-day average (3937.5) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (3627.1) is below both moving averages.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
3/10
WEAK YEAR! Stock declined 5.4% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 1,577,658 vs down days: 1,736,684. Ratio: 0.91x
RSI
4/5
APPROACHING OVERSOLD! RSI at 37.0 - watch for reversal.
52W Range
2/5
LOWER HALF! Trading at 29.4% of 52W range - weakness visible.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 2.1% (1 week), 4.7% (1 month), 4.9% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
LT
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-05-11 | Concall PDF | |
| Q3FY262026-02-03 | Concall PDF | |
| Q2FY262025-11-04 | Concall PDF |
Peer Comparison
Industrials · Engineering & Construction · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LT | ₹3,627.10 | 30.1 | 5.6% | 16.1% | 15.4% | -5.4% | 55 | APPROACHING SUPPORT | +14.0% | -22.6% | +6.7% | -17.9% |
| RVNL | ₹199.40 | 46.3 | 4.3% | 0.2% | -13.3% | -40.7% | 52 | BOUNCE FROM SUPPORT | +18.5% | -14.8% | +10.6% | -35.5% |
| KPIL | ₹1,364.30 | 20.5 | 4.2% | 18.4% | 33.1% | +10.3% | 74 | BREAKDOWN | +45.2% | -28.6% | +3.8% | -17.6% |
| CEMPRO | ₹1,197.70 | 34.2 | 5.9% | 25.5% | 68.8% | +58.1% | 74 | CONSOLIDATING DOWN | +2.6% | -41.9% | +5.6% | -8.5% |
| NBCC | ₹75.50 | 27.6 | 5.7% | 12.9% | 39.2% | -32.3% | 64 | BOUNCE FROM SUPPORT | +17.2% | -35.9% | -5.6% | -50.4% |
| ENGINERSIN | ₹273.40 | 19.6 | 20.2% | 5.7% | 25.9% | +38.7% | 78 | CONSOLIDATING UP | +141.4% | -19.2% | -5.8% | -11.5% |
| LOTUSDEV | ₹246.20 | 41.1 | 31.2% | 66.4% | 142.4% | +31.7% | 89 | HIT RESISTANCE | +92.6% | +93.5% | +52.8% | +103.8% |
| WABAG | ₹1,884.80 | 29.2 | 9.6% | 9.9% | 205.5% | +34.8% | 69 | BREAKDOWN | +36.9% | -29.8% | +20.8% | -37.3% |
Data from TradeAlone · Updated daily
