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Larsen & Toubro Ltd.
LTLarge CapNSEBSE
Industrials · Construction
₹4,028.50up 1.50up 0.04 percentas of 28 Aug 2026
Div yield 0.94%
Key metrics
- Market Cap
- 5,54,474.04 ₹ cr
- P/E
- —
- P/B
- —
- ROE
- 6.03%
- ROCE
- 6.25%
- Debt to Equity
- 0.58 x
- Net Margin
- 6.30%
- Dividend Yield
- 0.94%
- Revenue Growth (YoY)
- 22.42%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE below 20% in each of the last 3 financial years (FY24, FY25, FY26).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 2 of the last 3 years.
- Debt-to-equity 0.58 — above the Construction median of 0.41.
LT
₹4,028.50up 0.04 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatCapital Intensive
6.25%ROCE
ROE: 6.03%·P/B: —x
2. Forensic Health & SolvencyPiotroski 4/9 · Adequate Health
4/9Piotroski Score
Altman: 3.1 (Safe Zone)
3. Valuation & DCF Spread-52.8% Valuation Premium
₹1,902DCF Fair Value
CMP: ₹4,028.5
4. Ownership & GovernanceClean Promoter Holding
—Promoter Stake
Pledged: 0.0%·Inst: 39.20%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #39 of 86 in IndustrialsQVGM 46/100
Quality (Q)29
ROE, ROCE, Margins & Cash Conversion
Value (V)52
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)56
3Y Sales & EPS Compounded Growth
Momentum (M)54
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #39 of 86 in Industrials
Valuation
Moderate52/100
P/E Ratio:—
P/B Ratio:—
Dividend Yield:0.94%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate56/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Weak29/100
ROE:6.0%
ROCE:6.3%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate44/100
Piotroski F-Score:4/9
Altman Z-Score:3.09
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate54/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹3,342.40
From 52W High-8.82%
52-Week High₹4,418.10
Valuation MultiplesCash Flow & Yield
PEG Ratio—
Earnings Yield2.02%
Price / FCF—
FCF Yield-0.13%
Payout Ratio46.69%
Net-Net Ratio-1.19
Solvency & SafetyPiotroski & Altman
Piotroski F-Score4/9
Altman Z-Score3.09
Graham Number—
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.35%
DII Stake:▼ 0.40%
OPM Margin:▲ +0.00%
Net Margin:▼ 0.33%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +0.54% | ▲ +22.42% | 16.15% | 16.15% | 16.15% |
| Net Profit Growth | ▼ 0.69% | ▲ +27.90% | 10.33% | 14.50% | 14.49% |
| EPS Growth | ▼ 0.69% | ▲ +27.91% | 10.33% | 14.50% | 14.49% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — LT
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹1,953.7
Verdict:Overvalued (-51.5%)
Benjamin Graham Number
₹1,020.0
-74.7% vs CMPPeter Lynch Fair Value
₹1,179.7
-70.7% vs CMPReverse DCF Implied Growth
25.2% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹4,028.5
₹0 (Distress)CMP: ₹4,029DCF: ₹1,954Graham: ₹1,020
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹1,467 | 0.8969 | ₹1,316 |
| Year 2 | 6% | ₹1,555 | 0.8044 | ₹1,251 |
| Year 3 | 6% | ₹1,648 | 0.7214 | ₹1,189 |
| Year 4 | 6% | ₹1,747 | 0.6470 | ₹1,130 |
| Year 5 | 6% | ₹1,852 | 0.5803 | ₹1,075 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹2065 -49% | ₹2367 -41% | ₹2558 -36% | ₹2788 -31% | ₹3421 -15% |
| 11.0% | ₹1772 -56% | ₹1990 -51% | ₹2124 -47% | ₹2281 -43% | ₹2687 -33% |
| 11.5% | ₹1652 -59% | ₹1840 -54% | ₹1954 -52% | ₹2085 -48% | ₹2421 -40% |
| 12.0% | ₹1544 -62% | ₹1708 -58% | ₹1806 -55% | ₹1918 -52% | ₹2198 -45% |
| 13.0% | ₹1362 -66% | ₹1488 -63% | ₹1563 -61% | ₹1646 -59% | ₹1849 -54% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E—current
ReportedComputed, approximate
P/B—current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | — | — |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Strong Buy(1.79 / 5)
Strong Buy:12
Buy:12
Hold:4
Sell:1
Strong Sell:0
Coverage: 29 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:29.91%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +10.07%
Mean Target₹4,434.00vs CMP ₹4,028.50
High Target₹5,000.00+24.1% max upside
Low Target₹3,550.00-11.9% downside
Median Target₹4,466.0028 estimates
Low: ₹3,550.00Mean: ₹4,434.00High: ₹5,000.00
Mean Target Current Price (₹4,028.50)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024E29 Analysts
Mean Estimate
₹93.20
Low:—
High:—
FY2025E28 Analysts
Mean Estimate
₹105.83
Low:—
High:—
FY2026E27 Analysts
Mean Estimate
₹129.40
Low:—
High:—
FY2027E29 Analysts
Mean Estimate
₹150.68
Low:₹132.00
High:₹215.00
FY2028E27 Analysts
Mean Estimate
₹182.03
Low:₹160.00
High:₹246.00
FY2029E16 Analysts
Mean Estimate
₹211.32
Low:₹179.00
High:₹288.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹93.20 | — | — | 29 |
| FY2025 Forecast | ₹105.83 | — | — | 28 |
| FY2026 Forecast | ₹129.40 | — | — | 27 |
| FY2027 Forecast | ₹150.68 | ₹215.00 | ₹132.00 | 29 |
| FY2028 Forecast | ₹182.03 | ₹246.00 | ₹160.00 | 27 |
| FY2029 Forecast | ₹211.32 | ₹288.00 | ₹179.00 | 16 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
3 Factors- •Company has demonstrated healthy revenue growth of 16.2% CAGR over 3 years.
- •Strong cash generation: Operating Cash Flow is 99.2% of reported Net Profit.
- •High institutional backing: FIIs & DIIs hold a combined 39.2%.
Risk Factors & Watchouts
1 Watchout- •Return on Equity (ROE) is currently modest at 6.0%.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score4 / 9
● Moderate (Neutral)
Altman Z-Score3.09
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.22
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (FY26)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
-205.6%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
-13.0%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
307.3%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹343 CrInflow
343
+ D&A Non-Cash Charge₹56 CrAdd-back
56
Working Capital Adjustment-₹59 Cr- Tied Up
59
= Operating Cash Flow (CFO)₹340 CrOperating Cash
340
- Capital Expenditures (CapEx)-₹1,044 CrReinvestment
1,044
= Free Cash Flow (FCF)-₹704 CrFree Cash Flow
704
- Dividends & Debt Repayment-₹75 CrCapital Return
75
= Net Change in Cash-₹779 CrNet Balance
779
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | FY1931 Mar 2019 | FY2031 Mar 2020 | FY2131 Mar 2021 | FY2231 Mar 2022 | FY2331 Mar 2023 | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹1,904.76 | ₹2,212.43 | ₹2,569.81 | ₹2,984.91 | ₹3,467.06 | ₹4,027.09 | ₹4,677.59 | ₹5,433.16 |
| Operating profit | — | — | — | — | ₹196.41 | ₹228.14 | ₹264.99 | ₹307.79 | ₹357.51 | ₹415.26 | ₹482.33 | ₹560.24 |
| OPM | — | — | — | — | 10.31% | 10.31% | 10.31% | 10.31% | 10.31% | 10.31% | 10.31% | 10.31% |
| Net profit | — | — | — | — | ₹118.17 | ₹143.98 | ₹174.13 | ₹182.02 | ₹228.21 | ₹258.34 | ₹310.48 | ₹342.54 |
| EPS | — | — | — | — | 28.08 | 34.21 | 41.37 | 43.25 | 54.22 | 61.38 | 73.77 | 81.38 |
| Net margin | — | — | — | — | 6.20% | 6.51% | 6.78% | 6.10% | 6.58% | 6.42% | 6.64% | 6.30% |
| ROE | — | — | — | — | 5.22% | 5.62% | 5.99% | 5.50% | 6.04% | 5.98% | 6.27% | 6.03% |
| ROCE | 10.00% | 11.00% | 11.00% | 14.00% | 6.28% | 7.61% | 5.98% | 7.34% | 6.02% | 6.62% | 8.17% | 6.25% |
| Debt / equity | — | — | — | — | 0.38 | 0.17 | 0.52 | 0.27 | 0.57 | 0.45 | 0.19 | 0.58 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 16.15% | 16.15% | 16.15% | — |
| Net profit | 10.33% | 14.50% | 14.49% | — |
| EPS | 10.33% | 14.50% | 14.49% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹3,544.32 | ₹3,483.10 | ₹4,998.14 | ₹4,848.55 | ₹6,702.73 | ₹7,163.22 | ₹6,932.36 | ₹10,157.63 |
| Total liabilities | — | — | — | — | ₹3,544.32 | ₹3,483.10 | ₹4,998.14 | ₹4,848.55 | ₹6,702.73 | ₹7,163.22 | ₹6,932.36 | ₹10,157.63 |
| Total equity | — | — | — | — | ₹2,265.34 | ₹2,563.27 | ₹2,909.33 | ₹3,311.29 | ₹3,778.18 | ₹4,320.48 | ₹4,950.38 | ₹5,682.03 |
| Total debt | — | — | — | — | ₹859.93 | ₹433.09 | ₹1,523.45 | ₹880.58 | ₹2,161.80 | ₹1,956.78 | ₹952.91 | ₹3,280.31 |
| Cash | — | — | — | — | ₹283.55 | ₹278.65 | ₹399.85 | ₹387.88 | ₹536.22 | ₹573.06 | ₹554.59 | ₹812.61 |
| Current assets | — | — | — | — | ₹1,240.51 | ₹1,219.08 | ₹1,749.35 | ₹1,696.99 | ₹2,345.95 | ₹2,507.13 | ₹2,426.33 | ₹3,555.17 |
| Current liabilities | — | — | — | — | ₹779.75 | ₹766.28 | ₹1,099.59 | ₹1,066.68 | ₹1,474.60 | ₹1,575.91 | ₹1,525.12 | ₹2,234.68 |
| Inventory | — | — | — | — | ₹425.32 | ₹417.97 | ₹599.78 | ₹581.83 | ₹804.33 | ₹859.59 | ₹831.88 | ₹1,218.92 |
| Receivables | — | — | — | — | ₹285.71 | ₹331.86 | ₹385.47 | ₹447.74 | ₹520.06 | ₹604.06 | ₹701.64 | ₹814.97 |
| Payables | — | — | — | — | ₹228.57 | ₹265.49 | ₹308.38 | ₹358.19 | ₹416.05 | ₹483.25 | ₹561.31 | ₹651.98 |
| Net PP&E | — | — | — | — | ₹1,616.84 | ₹1,866.52 | ₹1,797.63 | ₹2,611.84 | ₹3,356.68 | ₹2,947.28 | ₹3,525.07 | ₹4,384.13 |
| Retained earnings | — | — | — | — | — | — | — | — | — | — | — | — |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹144.27 | ₹161.67 | ₹212.03 | ₹217.14 | ₹285.17 | ₹259.06 | ₹380.17 | ₹339.81 |
| Capital expenditure | — | — | — | — | ₹-248.77 | ₹-387.78 | ₹-453.71 | ₹-508.93 | ₹-641.39 | ₹-538.72 | ₹-744.25 | ₹-1,044.16 |
| Free cash flow | — | — | — | — | ₹-104.50 | ₹-226.11 | ₹-241.67 | ₹-291.80 | ₹-356.22 | ₹-279.66 | ₹-364.08 | ₹-704.36 |
| OCF / net profit | — | — | — | — | — | — | — | — | — | — | — | — |
| FCF / Capex intensity | — | — | — | — | — | — | — | — | — | — | — | — |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹1,047.62 | ₹1,216.84 | ₹1,413.39 | ₹1,641.70 | ₹1,906.88 | ₹2,214.90 | ₹2,572.67 | ₹2,988.24 |
| Cost of revenue | — | — | — | — | ₹857.14 | ₹995.59 | ₹1,156.41 | ₹1,343.21 | ₹1,560.18 | ₹1,812.19 | ₹2,104.92 | ₹2,444.92 |
| EBITDA | — | — | — | — | ₹216.05 | ₹250.95 | ₹291.49 | ₹338.57 | ₹393.26 | ₹456.78 | ₹530.57 | ₹616.27 |
| Income before tax | — | — | — | — | ₹157.56 | ₹191.97 | ₹232.17 | ₹242.69 | ₹304.28 | ₹344.46 | ₹413.97 | ₹456.71 |
| Interest expense | — | — | — | — | ₹23.57 | ₹27.38 | ₹31.80 | ₹36.93 | ₹42.90 | ₹49.83 | ₹57.88 | ₹67.23 |
| Tax expense | — | — | — | — | ₹39.00 | ₹47.51 | ₹57.46 | ₹60.07 | ₹75.31 | ₹85.25 | ₹102.46 | ₹113.04 |
| D&A | — | — | — | — | ₹19.64 | ₹22.81 | ₹26.50 | ₹30.78 | ₹35.75 | ₹41.53 | ₹48.23 | ₹56.02 |
| EBITDA margin | — | — | — | — | — | — | — | — | — | — | — | — |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | — | — | — | — | — | — |
| Quick ratio | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory days | 76.00 | 51.00 | 41.00 | 45.00 | — | — | — | — | — | — | — | — |
| Receivable days | 119.00 | 94.00 | 96.00 | 101.00 | — | — | — | — | — | — | — | — |
| Payable days | 288.00 | 283.00 | 301.00 | 349.00 | — | — | — | — | — | — | — | — |
| Cash conversion cycle | -92.00 | -138.00 | -164.00 | -203.00 | — | — | — | — | — | — | — | — |
| Working capital days | 12.00 | 44.00 | 42.00 | 45.00 | 55.85 | 73.80 | 52.28 | 72.10 | 44.19 | 40.73 | 69.11 | 46.58 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | — | — | — | — |
| ROA | — | — | — | — | — | — | — | — | — | — | — | — |
| ROIC | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFYFY26
Net marginProfitability
6.30%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.53
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.79
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
6.03%
Reported: 6.03%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2025 | 03 Jun 2025 | dividend | 1700% |
| 2024 | 20 Jun 2024 | dividend | 1400% |
| 2023 | 02 Aug 2023 | dividend | 1200% |
| 02 Aug 2023 | dividend | 300% | |
| 2022 | 22 Jul 2022 | dividend | 1100% |
| 2021 | 30 Jul 2021 | dividend | 900% |
| 2020 | 05 Nov 2020 | dividend | 900% |
| 07 Aug 2020 | dividend | 400% | |
| 26 Mar 2020 | dividend | 500% | |
| 2019 | 26 Jul 2019 | dividend | 900% |
| 26 Jul 2019 | dividend | 900% | |
| 2018 | 17 Aug 2018 | dividend | 800% |
| 2017 | 16 Aug 2017 | dividend | 700% |
| 14 Jul 2017 | bonus | 1:2 | |
| 2016 | 20 Aug 2016 | dividend | 912% |
| 2015 | 03 Sept 2015 | dividend | 812% |
| 2014 | 16 Aug 2014 | dividend | 712% |
| 2013 | 16 Aug 2013 | dividend | 616% |
| 13 Jul 2013 | bonus | 1:2 | |
| 2012 | 17 Aug 2012 | dividend | 825% |
| 2011 | 19 Aug 2011 | dividend | 725% |
| 2010 | 19 Aug 2010 | dividend | 625% |
| 2009 | 21 Aug 2009 | dividend | 525% |
| 2008 | 03 Oct 2008 | bonus | 1:1 |
| 22 Aug 2008 | dividend | 750% | |
| 2007 | 17 Aug 2007 | dividend | 100% |
| 18 Jul 2007 | dividend | 100% | |
| 29 Mar 2007 | dividend | 550% | |
| 2006 | 29 Sept 2006 | bonus | 1:1 |
| 17 Aug 2006 | dividend | 1100% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 7 dividend distributions
Latest Year DPS:₹38.00
Yield on CMP:0.94%
3Y Dividend CAGR:+8.2%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹170.00
₹38.0
2026
₹34.0
2025
₹28.0
2024
₹30.0
2023
₹22.0
2022
₹18.0
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 22 May 2026 | ₹38.00 | Final |
| 03 Jun 2025 | ₹34.00 | Final |
| 20 Jun 2024 | ₹28.00 | Final |
| 02 Aug 2023 | ₹24.00 | Final |
| 02 Aug 2023 | ₹6.00 | Special |
| 21 Jul 2022 | ₹22.00 | Final |
| 28 Jul 2021 | ₹18.00 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
ConstructionCompare Peers in Studio
Market Cap5,54,474.04 ₹ cr
Beats 100% of 22 industry peers · median 9,335.97 ₹ cr
ROE6.03%
Beats 24% of 21 industry peers · median 10.65%
ROCE6.25%
Beats 14% of 21 industry peers · median 11.78%
Debt to Equity0.58 x
Beats 62% of 21 industry peers · median 0.41 x
Net Margin6.30%
Beats 24% of 21 industry peers · median 9.13%
Dividend Yield0.94%
Beats 67% of 18 industry peers · median 0.75%
Revenue Growth (YoY)22.42%
Beats 95% of 21 industry peers · median -8.33%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
| ₹43,910.52 | 51.07 | 4.55 | |
| ₹25,811.84 | — | — | |
| ₹24,033.46 | 22.76 | 3.04 | |
| ₹23,301.00 | 32.81 | 7.83 | |
Cemindia Projects Ltd.CEMPRO | ₹21,092.75 | 36.45 | 9.08 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Larsen & Toubro Ltd. (LT)
Indexed Documents6 Filings
Latest Disclosure02 Aug 2026
AGM / EGM02 Aug 2026
Larsen & Toubro Ltd: Notice of Annual General Meeting and Record Date for Dividend
Shareholding06 Jul 2026
Larsen & Toubro Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Press Release21 Jun 2026
Larsen & Toubro Ltd: Press Release: Business Updates and New Strategic Initiatives
Investor Deck22 Apr 2026
Larsen & Toubro Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Concall Transcript12 Apr 2026
Larsen & Toubro Ltd: Transcript of Earnings Conference Call with Institutional Investors
News
- IndianAPIL&T bets big on AI with Copilot rollout for over 80% of employees
L&T would be the first large Indian business group to equip almost all its employees with AI tools.
- IndianAPIIRFC expands beyond Indian Railways with ₹13,527-crore refinancing deal for Hyderabad Metro
The state-backed financier is leveraging its core strength in transportation finance to support urban mobility and help the Telangana government-owned project replace its high-cost debt.
- IndianAPIWar-driven inflation dents L&T's margin, company warns the effects may persist in FY27
As part of its new five-year plan, dubbed Lakshya 31, the company is aiming for 12-15% compounded annual growth in its revenues between FY26 and FY31. That translates to a top line of ₹5.8 trillion by FY31 at the upper end, double of FY26.
- IndianAPIUS-Iran peace talk failure to hit market recovery; rupee; oil may see setback
While stocks, currency and energy markets are expected to take a beating, the broader economy appears set for protracted headwinds. Economists warn that a protracted war would raise inflation and interest rates, cooling growth.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.