Larsen & Toubro share price
NSE: LTBSE: 500510ConstructionLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹3,680.00.
27 Oct: open ₹3,678.00, high ₹3,713.50, low ₹3,648.30
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹5,04,279 Cr8th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 28.23
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.46
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.04%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 1.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 14,71,48548.9% delivered
About Larsen & Toubro
Larsen & Toubro Limited is an Indian multinational engaged in engineering, procurement and construction (EPC) projects, high-technology manufacturing and services.1 It builds infrastructure, energy and industrial projects for governments and private companies in India and abroad.23 Through its subsidiaries it also provides IT services, engineering research services and retail loans.4
Its project businesses build buildings and factories, transport infrastructure, heavy civil works, power transmission networks, water treatment plants and metals and minerals plants, as well as oil and gas facilities, boilers, turbines and generators for coal-based power plants, and solar and wind power projects.35 Its manufacturing businesses make reactors, pressure vessels, heat exchangers and nuclear components, and marine and land platforms, aerospace systems and electronics for defence and industry.67 Its newer businesses include data centres and cloud services under Larsen & Toubro Vyoma, semiconductor chip design, a business-to-business e-commerce platform (L&T-SuFin) and green hydrogen projects.4 L&T Realty develops residential and commercial real estate.8
It was incorporated in 1946.9 Its listed subsidiaries are LTM Limited and L&T Technology Services in IT and engineering services, and L&T Finance in retail lending.10114 Nabha Power, which owned a thermal power plant at Rajpura in Punjab, was sold to Torrent Power, with the sale completed on 25 Jun 2026.121314 It is moving its realty business into a wholly owned subsidiary, L&T Realty Properties, under a scheme the National Company Law Tribunal listed for hearing on 6 Oct 2026; its documents give no outcome.1516
Larsen & Toubro key points
Results
- In the quarter to Jun 2026, group revenue was ₹679 billion, up 7%, which the company attributed mainly to the execution stage of its order book and supply chain constraints in the Middle East.1718
- Group EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹61.2 billion, against ₹63.2 billion; the company said its margin was hit by lower execution, forex variation in IT subsidiaries and higher ECL (expected credit loss) provisions.1918
- Group reported profit after tax (after outside shareholders' share) was ₹41.2 billion, against ₹36.2 billion, and other income rose to ₹23.8 billion from ₹13.6 billion.19
- In the year to Mar 2026, consolidated revenue was ₹2,85,874 crore, up 11.8%, and operating profit before depreciation, interest and tax was ₹29,151 crore, up 10.3%, an EBITDA margin of 10.2%.2021
Business segments
- Net revenue by segment (₹ crore)22
Item quarter to Jun 2026 Infrastructure and Utilities 21,858 Technology, Platforms and Services 14,627 Energy Conventional 14,239 Energy Green 5,607 Financial Services 5,042 Manufacturing and Products 4,486 Development Projects 1,074 Realty 1,009 - Renewables. The renewables business, part of the Energy Green segment, has a portfolio of 38 GWp (gigawatts peak) of solar capacity, 15 GWh of battery storage and 1.8 GWp of wind capacity.2324
- Offshore wind. The company has won high-voltage direct current (HVDC) offshore wind platform orders from TenneT for 8 GW, and said 6 GW of that work is to be done at its Kattupalli yard near Chennai.2526
Where revenue comes from
Order book
- The order book (orders received but not yet executed) was ₹7,790 billion at the end of June 2026, up 27% from a year earlier, with 52% from international customers.3233
- Orders received in the quarter to Jun 2026 were ₹1,080 billion, up 14%, helped by offshore wind orders from Europe.3435
- Orders received in the year to Mar 2026 were ₹4,35,590 crore, up 22.1%, the highest in the company's history.36
- At the end of March 2026, about 61% of the order book came from governments and public sector enterprises, and 39% from the private sector, against 28% a year earlier.37
Customers and partners
- Government bodies, including public sector enterprises, account for over 65% of the company's standalone revenue and private sector customers for about 35%.3830
- No single customer contributes more than a tenth of the company's standalone revenue.39
- The company has a contract with Indian Oil Corporation to supply 10 KTPA (kilotonnes a year) of green hydrogen for 25 years.40
- The company's power plant equipment ventures are with Mitsubishi Heavy Industries, Mitsubishi Electric and Howden.41
What the company expects
- On its earnings call of 28 Jul 2026, the company said that, for now, it remained committed to revenue growth of 10% to 12% in the year to Mar 2027, and would wait for greater clarity before reassessing the full-year outlook.42
- On its earnings call of 28 Jul 2026, the company said it was on track to meet its guidance of 10% to 12% growth in orders received in the year to Mar 2027.43
- On its earnings call of 28 Jul 2026, the company said it targets a margin of around 7.8% for its projects, products and manufacturing businesses in the year to Mar 2027.44
- In its presentation of 28 Jul 2026, the company put its pipeline of near-term prospects (projects it can bid for) at about ₹15 trillion.45
Recent events
- On 19 Oct 2026, the company received a limited notice to proceed (permission to begin early work) on its ultra-mega contract, above ₹15,000 crore, for the passenger terminal of the New Tashkent International Airport in Uzbekistan.4647
- On 7 Oct 2026, L&T Energy CarbonLite Solutions received a limited notice to proceed from DVC CIL Power for the main plant of the 2x800 MW Chandrapura thermal power plant in Jharkhand, an order classed as major (₹5,000 to 10,000 crore).4849
- On 17 Aug 2026, L&T Energy Hydrocarbon Offshore won an ultra-mega order from a client in the Middle East to develop multiple offshore facilities.50
- On 13 Aug 2026, Vyoma.AI, an L&T company, won a mega order (₹10,000 to 15,000 crore) to host an AI computing facility of 10,000 NVIDIA B300 graphics processors for Together AI at its Chennai data centre.5152
Last updated
All 52 sources, each with its page
- 1. Exchange filing, 7 Oct 2026, page 3
- 2. Annual report, 14 May 2026, page 181
- 3. Annual report, 14 May 2026, page 35
- 4. Annual report, 14 May 2026, page 35
- 5. Annual report, 14 May 2026, page 93
- 6. Annual report, 14 May 2026, page 96
- 7. Annual report, 14 May 2026, page 349
- 8. Annual report, 14 May 2026, page 35
- 9. Annual report, 14 May 2026, page 348
- 10. Annual report, 14 May 2026, page 8
- 11. Annual report, 14 May 2026, page 464
- 12. Investor presentation, 28 Jul 2026, page 6
- 13. Annual report, 14 May 2026, page 145
- 14. Annual report, 14 May 2026, page 144
- 15. Annual report, 14 May 2026, page 43
- 16. Exchange filing, 1 Sep 2026, page 1
- 17. Investor presentation, 28 Jul 2026, page 7
- 18. Investor presentation, 28 Jul 2026, page 11
- 19. Investor presentation, 28 Jul 2026, page 12
- 20. Annual report, 14 May 2026, page 44
- 21. Annual report, 14 May 2026, page 45
- 22. Investor presentation, 28 Jul 2026, page 31
- 23. Annual report, 14 May 2026, page 72
- 24. Investor presentation, 28 Jul 2026, page 14
- 25. Earnings call, 28 Jul 2026, page 24
- 26. Earnings call, 28 Jul 2026, page 21
- 27. Annual report, 14 May 2026, page 44
- 28. Annual report, 14 May 2026, page 5
- 29. Annual report, 14 May 2026, page 177
- 30. Annual report, 14 May 2026, page 174
- 31. Annual report, 14 May 2026, page 101
- 32. Investor presentation, 28 Jul 2026, page 7
- 33. Investor presentation, 28 Jul 2026, page 10
- 34. Investor presentation, 28 Jul 2026, page 7
- 35. Investor presentation, 28 Jul 2026, page 10
- 36. Annual report, 14 May 2026, page 43
- 37. Annual report, 14 May 2026, page 44
- 38. Annual report, 14 May 2026, page 181
- 39. Annual report, 14 May 2026, page 551
- 40. Annual report, 14 May 2026, page 147
- 41. Annual report, 14 May 2026, page 93
- 42. Earnings call, 28 Jul 2026, page 11
- 43. Earnings call, 28 Jul 2026, page 24
- 44. Earnings call, 28 Jul 2026, page 11
- 45. Investor presentation, 28 Jul 2026, page 10
- 46. Exchange filing, 19 Oct 2026, page 2
- 47. Exchange filing, 19 Oct 2026, page 3
- 48. Exchange filing, 7 Oct 2026, page 2
- 49. Exchange filing, 7 Oct 2026, page 3
- 50. Exchange filing, 17 Aug 2026, page 2
- 51. Exchange filing, 13 Aug 2026, page 2
- 52. Exchange filing, 13 Aug 2026, page 3
Results
Consolidated; ₹ crore.Larsen & Toubro quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +11.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹78,750 Crup 15.91%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹5,949 Crup 19.27%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 7.6%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 | 78,750 |
| Net profit | 3,974 | – | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 | 5,949 |
| Net margin | 6.1% | – | 6.8% | 6.9% | 5.4% | 7.4% | 7.3% | 7.6% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,85,874 Crup 11.79%
- Net profit
- ₹18,954 Cr
- Net margin
- 6.6%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,10,011 | 1,19,862 | 1,41,007 | 1,45,452 | 1,35,979 | 1,56,521 | 1,83,341 | 2,21,113 | 2,55,734 | 2,85,874 |
| Net profit | 6,486 | 8,004 | 10,217 | 10,894 | 12,921 | 10,419 | 12,531 | 15,547 | – | 18,954 |
| Net margin | 5.9% | 6.7% | 7.2% | 7.5% | – | 6.7% | 6.8% | 7.0% | – | 6.6% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Infrastructure ProjectsInfrastructure Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,35,345 Crup 3.07%46.8%
- Energy ProjectsEnergy Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹54,889 Crup 34.90%19.0%
- IT & Technology ServicesIT & Technology Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹53,947 Crup 11.34%18.7%
- Financial ServicesFinancial Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹17,283 Crup 13.75%6.0%
- Hi-Tech ManufacturingHi-Tech Manufacturing, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹14,489 Crup 42.31%5.0%
- Development ProjectsDevelopment Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,119 Crdown 4.73%1.8%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹7,978 Crup 2.07%2.8%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.Larsen & Toubro PE ratio and valuation
At or below today's level on 38% of 2,166 trading days over the last 10 years.
At or below today's level on 61% of 1,978 trading days since Nov 2018.
At or below today's level on 45% of 2,469 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +1.4% | +6.9% | −6.2% | 1.1% |
| 3 years | +18.4% | +16.2% | +1.0% | 0.9% |
| 5 years | +20.9% | +7.2% | +11.7% | 1.1% |
Mutual fund holdings
596 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 190 of the 282 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 596 funds holding Larsen & Toubro
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 139
- CutCut. Funds that held fewer shares than at the end of the month before.
- 143
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 304
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 9
| Fund | |||
|---|---|---|---|
| 2,27,01,787 | 4.20% | ₹8,535.9 Cr | |
| 1,57,14,504 | 5.11% | ₹5,901.0 Cr | |
| 88,78,007 | 3.08% | ₹3,338.1 Cr | |
| 77,85,499 | 4.20% | ₹2,927.3 Cr | |
| 77,51,556 | 3.82% | ₹2,914.6 Cr | |
| 74,00,000 | 5.31% | ₹2,782.4 Cr | |
| 74,04,848 | 5.11% | ₹2,780.6 Cr | |
| 72,87,963 | 4.20% | ₹2,740.3 Cr | |
| 68,79,083 | 2.52% | ₹2,586.5 Cr | |
| 51,53,000 | 2.25% | ₹1,937.5 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Larsen & Toubro insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 8 pledge filings of unclear kind
Larsen & Toubro competitors and peers
Civil Construction, 169 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Larsen & Toubro in market cap.Construction companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 37,739 | 41.95 | 3.84 | +5.4% | −24.5% | 9.3% | 5.8% | 0.94% | |
| 22,407 | 19.72 | 2.88 | +14.6% | +60.9% | 15.9% | 15.9% | 0.84% | |
| 22,201 | 36.91 | – | +10.0% | +46.8% | 28.4% | 27.3% | 0.25% | |
| 19,083 | 20.00 | – | −2.2% | −85.4% | 4.7% | 7.3% | 1.08% | |
| 19,035 | 25.63 | 6.31 | +3.5% | +30.6% | 27.0% | 20.0% | 1.33% | |
| 14,062 | 17.93 | 4.47 | +16.3% | +41.6% | 27.0% | 22.5% | 2.00% | |
| 9,634 | 22.35 | 2.32 | +38.7% | −6.5% | 10.9% | 10.6% | 0.85% | |
| 9,500 | 22.76 | 3.54 | +10.6% | +7.9% | 15.7% | 17.4% | 4.07% |
Dividends
Per share, by the year it was paid for, and the latest payments.Larsen & Toubro dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹38.00 |
| 3 Jun 2025 | Final | ₹34.00 |
| 20 Jun 2024 | Final | ₹28.00 |
| 2 Aug 2023 | Final | ₹24.00 |
| 2 Aug 2023 | Special | ₹6.00 |
| 21 Jul 2022 | Final | ₹22.00 |
Latest announcements
Routine notices left out.Larsen & Toubro announcements
Oct 2026
27 Oct · Business
21 Oct · Business
19 Oct · Business
16 Oct · Analysts
Larsen & Toubro share price by year
Each calendar year to 2025.Larsen & Toubro share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,083.50 | +13.2% | 4,092.30 | 3,054.15 |
| 2024 | 3,607.65 | +2.3% | 3,947.30 | 3,271.45 |
| 2023 | 3,526.00 | +69.0% | 3,544.00 | 2,070.55 |
| 2022 | 2,085.80 | +10.0% | 2,195.45 | 1,471.80 |
| 2021 | 1,895.90 | +47.2% | 1,959.95 | 1,297.00 |
| 2020 | 1,287.60 | −0.8% | 1,370.20 | 707.90 |
| 2019 | 1,298.20 | −9.7% | 1,596.00 | 1,216.65 |
| 2018 | 1,437.55 | +14.2% | 1,455.60 | 1,197.45 |
| 2017 | 1,258.25 | +39.9% | 1,269.70 | 906.40 |
| 2016 | 899.40 | +5.8% | 1,068.10 | 702.43 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 3,642.20 | 3,684.00 | 3,615.10 | 3,680.00 | 3,656.61 | 11,44,515 | 47.4% |
| 23 Oct 2026 | 3,655.00 | 3,663.90 | 3,596.80 | 3,647.00 | 3,625.83 | 20,21,973 | 57.2% |
| 22 Oct 2026 | 3,620.00 | 3,689.90 | 3,595.00 | 3,638.30 | 3,651.69 | 26,68,020 | 43.0% |
| 21 Oct 2026 | 3,679.00 | 3,702.60 | 3,617.00 | 3,636.00 | 3,649.61 | 19,02,623 | 59.9% |
| 19 Oct 2026 | 3,649.00 | 3,687.70 | 3,632.00 | 3,661.90 | 3,658.56 | 23,31,147 | 37.9% |
| 16 Oct 2026 | 3,645.00 | 3,670.00 | 3,608.00 | 3,627.10 | 3,643.48 | 18,75,108 | 61.2% |
| 15 Oct 2026 | 3,625.00 | 3,681.90 | 3,605.70 | 3,632.00 | 3,654.84 | 24,52,067 | 55.3% |
| 14 Oct 2026 | 3,674.00 | 3,674.00 | 3,606.00 | 3,642.00 | 3,634.20 | 18,26,165 | 56.8% |
| 13 Oct 2026 | 3,627.50 | 3,678.00 | 3,592.90 | 3,675.00 | 3,641.95 | 22,54,840 | 61.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 13 Jul 2017 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 11 Jul 2013 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 1 Oct 2008 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- Chairperson and managing director
- SEKHARIPURAM NARAYANAN SUBRAHMANYAN
- At the end of the quarter to Sep 2026
- NSE symbol
- LT
- BSE code
- 500510
- ISIN
- INE018A01030
- Industry
- Construction
- Website
- www.larsentoubro.com
- CIN
- L99999MH1946PLC004768
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1946
- Registered office
- L & T House, Ballard Estate, Narottam Morarjee Marg, Mumbai 400001, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments