Analysts/Institutional Investor Meet/Con. Call Updates2 Nov 2026 · 17:56
Larsen & Toubro Limited has informed the Exchange about Transcript
Markets / Nifty 50 / Construction
Price
Daily closing prices, adjusted for bonuses and splits
Returns against the Nifty 50
| Return | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| LT | +3.8% | +5.2% | −2.8% | −1.6% | +0.5% | +35.5% | +106.6% |
| Nifty 50 | +5.6% | +6.2% | −2.7% | −1.5% | −6.4% | +24.6% | +33.7% |
Price returns, without dividends. Source: NSE end-of-day data.
Check-up
Where LT sits against the Nifty 50 and its industry. Facts, not advice.
Price return
+0.51%
Over 1 year. The Nifty 50 returned −6.40%, so LT beat it by 6.9 percentage points.
Valuation (PE)
30.4
Price is 30.4 times the last four quarters' earnings per share, higher than the Nifty 50's PE of 19.8.
Growth
+15.8%
Revenue in Q2 FY27 compared with the same quarter a year earlier. Net profit changed +32.5%.
Profitability (ROE)
15.8%
Profit over the last four quarters as a share of shareholders' equity. Net margin is 5.9%.
Debt
1.21×
Borrowings are 1.21 times shareholders' equity (latest balance sheet, 30 Sep 2026).
Volatility
1.84×
Daily price moves over the last year were 1.84 times as large as the Nifty 50's (annualised volatility 25.5%).
What the latest numbers show
Calculated by stockER from the company's filings and NSE data.
Positives 4
- Revenue up 15.8% from a year ago₹78,750 cr in Q2 FY27, against ₹67,984 cr in Q2 FY26.
- Net profit up 27.2% from a year ago₹5,949 cr in Q2 FY27, against ₹4,678 cr in Q2 FY26.
- Net margin widened to 7.6%From 6.9% in Q2 FY26.
- Operating cash flow of ₹16,741 crCash generated by the business in the year to 31 Mar 2026.
Watch points 2
- Borrowings rose 4.3% in a year₹1,36,227 cr on 30 Sep 2026, against ₹1,30,622 cr a year earlier.
- Mutual fund holding down 1.16 points in a year19.39% on 30 Sep 2026, from 20.55%.
Financials
Consolidated results as filed with NSE. ₹ crore unless stated.
Revenue
Net profit
EPS (₹)
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 | 78,750 |
| Other income | 968 | 1,135 | 1,357 | 1,384 | 1,441 | 1,579 | 2,377 | 2,306 |
| Total expenses | 60,303 | 67,988 | 59,176 | 63,032 | 65,730 | 75,999 | 63,396 | 73,415 |
| EBITDA | 7,223 | — | 7,674 | 8,191 | 7,067 | 10,258 | 8,493 | 9,151 |
| Depreciation | 1,047 | — | 1,033 | 1,092 | 1,072 | 1,168 | 1,032 | 1,037 |
| Finance cost | 843 | 746 | 782 | 763 | 625 | 679 | 539 | 473 |
| PBIT | 6,176 | 8,760 | 6,641 | 7,099 | 5,995 | 9,090 | 7,461 | 8,114 |
| Profit before tax | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | 6,922 | 7,641 |
| Tax | 1,332 | 1,881 | 1,534 | 1,649 | 1,541 | 2,093 | 1,939 | 1,726 |
| Net profit | 3,974 | 5,497 | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 | 5,949 |
| EPS (₹) | 24.43 | 39.98 | 26.30 | 28.54 | 23.37 | 38.71 | 29.97 | 37.81 |
| ₹ crore | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue from operations | 1,83,341 | 2,21,113 | 2,55,734 | 2,85,874 |
| Other income | 2,929 | 4,158 | 4,125 | 5,761 |
| Total expenses | 1,69,288 | 2,04,847 | 2,36,755 | 2,63,937 |
| EBITDA | 23,827 | 27,745 | — | 33,189 |
| Depreciation | 3,502 | 3,682 | — | 4,365 |
| Finance cost | 3,207 | 3,546 | 3,334 | 2,849 |
| PBIT | 20,325 | 24,063 | 26,913 | 28,825 |
| Profit before tax | 17,118 | 20,517 | 23,579 | 25,976 |
| Tax | 4,493 | 4,947 | 5,891 | 6,816 |
| Net profit | 12,531 | 15,547 | 17,015 | 18,954 |
| ₹ crore | MAR 2024 | SEP 2024 | MAR 2025 | SEP 2025 | MAR 2026 | SEP 2026 |
|---|---|---|---|---|---|---|
| Total assets | 3,39,627 | 3,56,608 | 3,79,524 | 3,91,103 | 4,52,550 | 4,84,727 |
| Current assets | 2,17,075 | 2,29,070 | 2,45,342 | 2,48,962 | 2,92,841 | 3,24,061 |
| Inventories | 6,620 | 7,275 | 7,671 | 8,314 | 9,531 | 11,552 |
| Cash and equivalents | 11,958 | 10,205 | 12,187 | 9,791 | 15,391 | 14,620 |
| Total liabilities | 2,37,078 | 2,50,627 | — | 2,71,295 | 3,24,019 | 3,51,472 |
| Current liabilities | 1,76,601 | 1,95,326 | 2,01,971 | 1,98,787 | 2,33,531 | 2,59,865 |
| Borrowings | 1,14,040 | 1,23,572 | 0 | 1,30,622 | 1,21,683 | 1,36,227 |
| Shareholders' equity | 1,02,550 | 1,05,981 | 97,656 | 1,19,807 | 1,28,530 | 1,33,255 |
| Equity attributable to owners | 86,359 | 89,230 | — | 1,01,384 | 1,09,290 | 1,13,029 |
Balance sheets are filed every half year (September and March).
| ₹ crore | 6M to SEP 2022 | 12M to MAR 2025 | 6M to SEP 2025 | 12M to MAR 2026 | 6M to SEP 2026 |
|---|---|---|---|---|---|
| From operations | 629 | 9,161 | 3,816 | 16,741 | 5,751 |
| From investing | −1,826 | −15,518 | 1,056 | −11,739 | −12,601 |
| From financing | −1,505 | 6,557 | −7,485 | −2,156 | 6,148 |
| Capital expenditure | 1,667 | 4,419 | 2,675 | 4,809 | 2,563 |
| Free cash flow | −1,038 | 4,742 | 1,141 | 11,932 | 3,187 |
Cash flow statements are filed every half year; figures are for the period shown.
EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).
Peers
Construction companies in the Nifty 50 (no other Nifty 50 company is in this industry).
| Company | Price | Market cap | PE | PB | ROE | Div. yield | 1Y return |
|---|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd.LT | ₹3,944.40 | ₹5.43 lakh cr | 30.4 | 4.80 | 15.8% | 0.96% | +0.5% |
Price comparison
Change in price from the start of the period
LTNifty 50
Events
Dividends, bonuses and splits from NSE's corporate actions.
Dividend paid in 5 of the last 5 calendar years (2022–2026)Over the last 12 months: ₹38.00 per share (adjusted for bonuses and splits), a yield of 0.96% at today's price.
Past dividends
Dividend
Dividend - Rs 38 Per SharePer share
₹38.00Ex-date
22 May 2026
Dividend - Rs 38 Per SharePer share
₹38.00Ex-date
22 May 2026
Dividend
Dividend - Rs 34 Per SharePer share
₹34.00Ex-date
3 Jun 2025
Dividend - Rs 34 Per SharePer share
₹34.00Ex-date
3 Jun 2025
Dividend
Dividend - Rs 28 Per SharePer share
₹28.00Ex-date
20 Jun 2024
Dividend - Rs 28 Per SharePer share
₹28.00Ex-date
20 Jun 2024
Dividend
Dividend - Rs 24 Per SharePer share
₹24.00Ex-date
2 Aug 2023
Dividend - Rs 24 Per SharePer share
₹24.00Ex-date
2 Aug 2023
Special dividend
Special Dividend - Rs 6 Per SharePer share
₹6.00Ex-date
2 Aug 2023
Special Dividend - Rs 6 Per SharePer share
₹6.00Ex-date
2 Aug 2023
Dividend
Dividend - Rs 22 Per SharePer share
₹22.00Ex-date
21 Jul 2022
Dividend - Rs 22 Per SharePer share
₹22.00Ex-date
21 Jul 2022
Dividend
Annual General Meeting/Dividend - Rs 18 Per SharePer share
₹18.00Ex-date
28 Jul 2021
Annual General Meeting/Dividend - Rs 18 Per SharePer share
₹18.00Ex-date
28 Jul 2021
Special dividend
Special Dividend - Rs 18 Per SharePer share
₹18.00Ex-date
4 Nov 2020
Special Dividend - Rs 18 Per SharePer share
₹18.00Ex-date
4 Nov 2020
Bonuses, splits and other actions
Buy BackEx-date
12 Sep 2023
12 Sep 2023
BuybackEx-date
12 Oct 2018
12 Oct 2018
Bonus 1:2Ex-date
13 Jul 2017
13 Jul 2017
Filings and updates
The company's own announcements to NSE: results, dividends, presentations and board decisions.
Annual report 2025–26Open (PDF / ZIP)
Annual report 2024–25Open (PDF / ZIP)
Annual report 2023–24Open (PDF / ZIP)
Annual report 2022–23Open (PDF / ZIP)
Annual report 2021–22Open (PDF / ZIP)
Analysts/Institutional Investor Meet/Con. Call Updates27 Oct 2026 · 22:13
Larsen & Toubro Limited has informed the Exchange about Link of Recording
Updates27 Oct 2026 · 18:37
Larsen & Toubro Limited has informed the Exchange regarding 'Analyst Presentation.- Q2 / H1 FY27'.
Outcome of Board Meeting27 Oct 2026 · 17:13
Larsen & Toubro Limited has submitted to the Exchange, the consolidated and standalone un-audited financial results of the Company for the quarter and half-year ended September 30, 2026.
Allotment of Securities27 Oct 2026 · 13:29
Larsen & Toubro Limited has informed the Exchange regarding allotment of 21098 securities pursuant to ESOP/ESPS at its meeting held on October 27, 2026
Analysts/Institutional Investor Meet/Con. Call Updates16 Oct 2026 · 17:09
Larsen & Toubro Limited has informed the Exchange about Schedule of meet
Press Release18 Sep 2026 · 10:54
Larsen & Toubro Limited has informed the Exchange regarding a press release dated September 18, 2026, titled "L&T Semiconductor Technologies Unveils 40 Products at SEMICON 2026. Marks a major milestone with its first silicon carbide chips".
Credit Rating17 Sep 2026 · 14:21
Larsen & Toubro Limited has informed the Exchange about Credit Rating
Allotment of Securities15 Sep 2026 · 17:31
Larsen & Toubro Limited has informed the Exchange regarding allotment of 28,903 shares pursuant to ESOP/ESPS at its meeting held on September 15, 2026
Allotment of Securities9 Sep 2026 · 14:46
Larsen & Toubro Limited has informed the Exchange regarding allotment of 50,000 Listed, Rated, Unsecured, Redeemable, Tokenised Non-Convertible Debentures at its meeting held on September 09, 2026
Press Release9 Sep 2026 · 13:18
Larsen & Toubro Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "L&T Becomes India s First Private Sector Corporate to Issue Tokenised Bond".
General Updates11 Aug 2026 · 14:06
Larsen & Toubro Limited has informed the Exchange about ESG Credit Rating
Frequently asked questions
What is the share price of Larsen & Toubro Ltd. (LT)?
LT closed at ₹3,944.40 on NSE on 4 Nov 2026, −0.10% on the day. stockER shows end-of-day prices, updated after the market closes.
What is the market cap of LT?
₹5.43 lakh cr, based on 137.59 crore shares and the latest closing price. That makes it #8 by size in the Nifty 50.
What are the PE and PB ratios of LT?
PE 30.38 on earnings per share of ₹129.85 over the last four quarters; PB 4.80 on the latest reported equity.
What is the 52-week high and low of LT?
High ₹4,440.00 on 24 Feb 2026, low ₹3,288.10 on 23 Mar 2026 (adjusted for bonuses and splits).
What is the dividend yield of LT?
0.96%: dividends of ₹38.00 per share with ex-dates in the last 12 months, divided by the latest price.
What return has LT given?
1 year +0.5%, 3 years +35.5%, 5 years +106.6% (price only, dividends not included).
Which sector is LT in?
NSE classifies Larsen & Toubro Ltd. under Construction.
Who owns LT?
On 30 Sep 2026, promoters held 0.00% and the public 100.00%.
How can I buy LT shares?
Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.