Larsen & Toubro logo

Larsen & Toubro share price

NSE: LTBSE: 500510ConstructionLarge Cap

Larsen & Toubro Limited · Face value ₹2 · Listed Apr 1965 on BSE, Jun 2004 on NSE
Last close ₹3,665.10down ₹14.90 (0.40%)BSE ₹3,670.00

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

52-week range of traded prices to 27 Oct 2026
₹3,288.10Low, 23 Mar 2026₹4,440.00High, 24 Feb 2026
Market cap
₹5,04,279 Cr8th largest listed
P/E
28.23
P/B
4.46
Dividend yield
1.04%
ROE
16.7%
ROCE
9.2%
Debt to equity
1.02
Volume, NSE
14,71,48548.9% delivered

Larsen & Toubro share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−6.6%over a year · Nifty 500 −8.8%

Results20-session average 19,30,411 shares a day, 57.3% 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
    Itemquarter to Jun 2026
    Infrastructure and Utilities21,858
    Technology, Platforms and Services14,627
    Energy Conventional14,239
    Energy Green5,607
    Financial Services5,042
    Manufacturing and Products4,486
    Development Projects1,074
    Realty1,009
  • 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

  • International revenue was 54% of consolidated revenue in the year to Mar 2026, against 50% a year earlier.27
  • The Gulf Cooperation Council countries provide nearly one-third of annual revenue, and the company has about 100 project sites there.28

Plants and capacity

  • On a standalone basis, the company had 22 manufacturing facilities and 630 active project sites in the year to Mar 2026.2930
  • Its plants include a heavy engineering complex at Hazira near Surat, a shipyard at Kattupalli and a defence systems complex at Talegaon near Pune.31

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. 1. Exchange filing, 7 Oct 2026, page 3
  2. 2. Annual report, 14 May 2026, page 181
  3. 3. Annual report, 14 May 2026, page 35
  4. 4. Annual report, 14 May 2026, page 35
  5. 5. Annual report, 14 May 2026, page 93
  6. 6. Annual report, 14 May 2026, page 96
  7. 7. Annual report, 14 May 2026, page 349
  8. 8. Annual report, 14 May 2026, page 35
  9. 9. Annual report, 14 May 2026, page 348
  10. 10. Annual report, 14 May 2026, page 8
  11. 11. Annual report, 14 May 2026, page 464
  12. 12. Investor presentation, 28 Jul 2026, page 6
  13. 13. Annual report, 14 May 2026, page 145
  14. 14. Annual report, 14 May 2026, page 144
  15. 15. Annual report, 14 May 2026, page 43
  16. 16. Exchange filing, 1 Sep 2026, page 1
  17. 17. Investor presentation, 28 Jul 2026, page 7
  18. 18. Investor presentation, 28 Jul 2026, page 11
  19. 19. Investor presentation, 28 Jul 2026, page 12
  20. 20. Annual report, 14 May 2026, page 44
  21. 21. Annual report, 14 May 2026, page 45
  22. 22. Investor presentation, 28 Jul 2026, page 31
  23. 23. Annual report, 14 May 2026, page 72
  24. 24. Investor presentation, 28 Jul 2026, page 14
  25. 25. Earnings call, 28 Jul 2026, page 24
  26. 26. Earnings call, 28 Jul 2026, page 21
  27. 27. Annual report, 14 May 2026, page 44
  28. 28. Annual report, 14 May 2026, page 5
  29. 29. Annual report, 14 May 2026, page 177
  30. 30. Annual report, 14 May 2026, page 174
  31. 31. Annual report, 14 May 2026, page 101
  32. 32. Investor presentation, 28 Jul 2026, page 7
  33. 33. Investor presentation, 28 Jul 2026, page 10
  34. 34. Investor presentation, 28 Jul 2026, page 7
  35. 35. Investor presentation, 28 Jul 2026, page 10
  36. 36. Annual report, 14 May 2026, page 43
  37. 37. Annual report, 14 May 2026, page 44
  38. 38. Annual report, 14 May 2026, page 181
  39. 39. Annual report, 14 May 2026, page 551
  40. 40. Annual report, 14 May 2026, page 147
  41. 41. Annual report, 14 May 2026, page 93
  42. 42. Earnings call, 28 Jul 2026, page 11
  43. 43. Earnings call, 28 Jul 2026, page 24
  44. 44. Earnings call, 28 Jul 2026, page 11
  45. 45. Investor presentation, 28 Jul 2026, page 10
  46. 46. Exchange filing, 19 Oct 2026, page 2
  47. 47. Exchange filing, 19 Oct 2026, page 3
  48. 48. Exchange filing, 7 Oct 2026, page 2
  49. 49. Exchange filing, 7 Oct 2026, page 3
  50. 50. Exchange filing, 17 Aug 2026, page 2
  51. 51. Exchange filing, 13 Aug 2026, page 2
  52. 52. Exchange filing, 13 Aug 2026, page 3

Results

Consolidated; ₹ crore.Larsen & Toubro quarterly results

Revenue growth, 12 months
+11.1%
Net profit growth, 12 months
+8.9%

Quarter to Sep 2026, against the quarter before

Revenue
₹78,750 Crup 15.91%
Net profit
₹5,949 Crup 19.27%
Net margin
7.6%

Revenue by quarter

₹64,668 CrDec 24₹74,392 CrMar 25₹63,679 CrJun 25₹67,984 CrSep 25₹71,450 CrDec 25₹82,762 CrMar 26₹67,942 CrJun 26₹78,750 CrSep 26
Peak revenue ₹82,762 Cr, quarter to Mar 2026; lowest ₹63,679 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹3,974 CrDec 24Mar 25₹4,318 CrJun 25₹4,678 CrSep 25₹3,825 CrDec 25₹6,133 CrMar 26₹4,988 CrJun 26₹5,949 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue64,66874,39263,67967,98471,45082,76267,94278,750
Net profit3,974–4,3184,6783,8256,1334,9885,949
Net margin6.1%–6.8%6.9%5.4%7.4%7.3%7.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net profit is left blank for Mar 2025: the filing states no share for the other owners of the company's subsidiaries while the periods either side do, so the group's profit is not stated.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Infrastructure Projects₹1,35,345 Crup 3.07%46.8%
  • Energy Projects₹54,889 Crup 34.90%19.0%
  • IT & Technology Services₹53,947 Crup 11.34%18.7%
  • Financial Services₹17,283 Crup 13.75%6.0%
  • Hi-Tech Manufacturing₹14,489 Crup 42.31%5.0%
  • Development Projects₹5,119 Crdown 4.73%1.8%
  • Others₹7,978 Crup 2.07%2.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to earnings

At or below today's level on 38% of 2,166 trading days over the last 10 years.

LowestHighest
Its median29.73Industry median13.29
Price to book

At or below today's level on 61% of 1,978 trading days since Nov 2018.

LowestHighest
Its median3.55Industry median1.37
Dividend yield

At or below today's level on 45% of 2,469 trading days over the last 10 years.

LowestHighest
Its median1.06%Industry median0.66%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021 and Mar 2026.

Shareholding

Per cent of all the company's shares, counting those held against depositary receipts traded abroad, from the filing for Sep 2026. The company has no promoter group.Larsen & Toubro shareholding pattern

Shareholding by group

  • Foreign institutions19.05%
  • Indian institutions42.49%
  • Governments0.25%
  • Individuals and others37.35%
  • Depositary receipts0.86%
Holder
L&T EMPLOYEES TRUSTOther non-institutions14.44%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies13.07%
NPS TRUST-A/C TATA PENSION FUND MANAGEMENT PRIVATEProvident and pension funds3.54%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I1.52%
GENERAL INSURANCE CORPORATION OF INDIAInsurance companies1.45%
SBI LIFE INSURANCE CO. LTDInsurance companies1.08%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: foreign institutions +0.09 pts, Indian institutions −0.14 pts, mutual funds −0.70 pts.

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 time
1
Bought again
5
Added
139
Cut
143
Held unchanged
304
Sold out
9
Fund
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund2,27,01,7874.20%₹8,535.9 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund1,57,14,5045.11%₹5,901.0 Cr
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund88,78,0073.08%₹3,338.1 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund77,85,4994.20%₹2,927.3 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund77,51,5563.82%₹2,914.6 Cr
SBI Mutual Fund logoSBI Large Cap FundSBI Mutual Fund74,00,0005.31%₹2,782.4 Cr
UTI Mutual Fund logoUTI BSE Sensex ETFUTI Mutual Fund74,04,8485.11%₹2,780.6 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund72,87,9634.20%₹2,740.3 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund68,79,0832.52%₹2,586.5 Cr
SBI Mutual Fund logoSBI Aggressive Hybrid FundSBI Mutual Fund51,53,0002.25%₹1,937.5 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Rail Vikas Nigam logoRail Vikas NigamRVNL37,73941.953.84+5.4%−24.5%9.3%5.8%0.94%
Kalpataru Projects International logoKalpataru Projects InternationalKPIL22,40719.722.88+14.6%+60.9%15.9%15.9%0.84%
Cemindia Projects logoCemindia ProjectsCEMPRO22,20136.91–+10.0%+46.8%28.4%27.3%0.25%
IRB Infrastructure Developers logoIRB Infrastructure DevelopersIRB19,08320.00–−2.2%−85.4%4.7%7.3%1.08%
NBCC (India) logoNBCC (India)NBCC19,03525.636.31+3.5%+30.6%27.0%20.0%1.33%
Engineers India logoEngineers IndiaENGINERSIN14,06217.934.47+16.3%+41.6%27.0%22.5%2.00%
Techno Electric & Engineering Company logoTechno Electric & Engineering CompanyTECHNOE9,63422.352.32+38.7%−6.5%10.9%10.6%0.85%
RITES logoRITESRITES9,50022.763.54+10.6%+7.9%15.7%17.4%4.07%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

14Mar 1716Mar 1818Mar 1918Mar 2036Mar 2122Mar 2230Mar 2328Mar 2434Mar 2538Mar 26
Highest ₹38.00 a share, year to Mar 2026.
Ex-dateTypePer share
22 May 2026Final₹38.00
3 Jun 2025Final₹34.00
20 Jun 2024Final₹28.00
2 Aug 2023Final₹24.00
2 Aug 2023Special₹6.00
21 Jul 2022Final₹22.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Larsen & Toubro announcements

Larsen & Toubro share price by year

Each calendar year to 2025.Larsen & Toubro share price history

YearClose at year endChangeHighest closeLowest close
20254,083.50+13.2%4,092.303,054.15
20243,607.65+2.3%3,947.303,271.45
20233,526.00+69.0%3,544.002,070.55
20222,085.80+10.0%2,195.451,471.80
20211,895.90+47.2%1,959.951,297.00
20201,287.60−0.8%1,370.20707.90
20191,298.20−9.7%1,596.001,216.65
20181,437.55+14.2%1,455.601,197.45
20171,258.25+39.9%1,269.70906.40
2016899.40+5.8%1,068.10702.43
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20263,642.203,684.003,615.103,680.003,656.6111,44,51547.4%
23 Oct 20263,655.003,663.903,596.803,647.003,625.8320,21,97357.2%
22 Oct 20263,620.003,689.903,595.003,638.303,651.6926,68,02043.0%
21 Oct 20263,679.003,702.603,617.003,636.003,649.6119,02,62359.9%
19 Oct 20263,649.003,687.703,632.003,661.903,658.5623,31,14737.9%
16 Oct 20263,645.003,670.003,608.003,627.103,643.4818,75,10861.2%
15 Oct 20263,625.003,681.903,605.703,632.003,654.8424,52,06755.3%
14 Oct 20263,674.003,674.003,606.003,642.003,634.2018,26,16556.8%
13 Oct 20263,627.503,678.003,592.903,675.003,641.9522,54,84061.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
13 Jul 2017Bonus0.6667Holders received 1 bonus share for every 2 held.
11 Jul 2013Bonus0.6667Holders received 1 bonus share for every 2 held.
1 Oct 2008Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

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
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