Company research / Focus view

Larsen & Toubro

LT · Infrastructure & Construction · large cap · Sensex 30 · Nifty 50

Revenue · FY26

₹2,84,225 cr

+11.8% YoY

What the business sold

Net profit · FY26

₹16,084 cr

+7.0% YoY

What it kept after tax

Operating profit · FY26

₹27,071 cr

+2.2% YoY

Profit from operations

Operating cash flow · FY26

₹16,741 cr

+82.9% YoY

Cash the operations produced

Total debt · FY26

₹1,25,497 cr

-5.2% YoY

Borrowings against the business

Dividend per share · FY26

—

Paid out per share · not collected yet

Five years in perspective

Price index · Start = 100 · Dividends excluded · ₹3,930.7 today (-0.61%)

+135.4% · 5Y

2021 · 10020222023202420252026 · 222.5

1M -2.6%6M +2.4%1Y +11.1%3Y +35.8%5Y +135.4%

Market cap

₹5.41 L Cr

As of 13 Sept 2026

Price to earnings

32.6

Price to book 4.9

Dividend yield

97.00%

Trailing twelve months

52-week range

₹3,288 – ₹4,440

Closing prices

The financial record

₹ crore · Consolidated where reported · Indian fiscal years (April–March)

Reported metric	FY23	FY24	FY25	FY26
Revenue	1,81,661	2,19,116	2,54,209	2,84,225
Operating profit	19,501	21,731	26,478	27,071
Net profit	10,471	13,059	15,037	16,084
Operating cash flow	22,777	18,266	9,151	16,741
Free cash flow	18,633	13,750	4,733	11,932
Capital expenditure	-4,144	-4,517	-4,419	-4,809
Tax expense	4,484	4,947	5,891	6,816
Total debt	1,20,650	1,16,322	1,32,409	1,25,497
Cash and equivalents	16,927	11,959	12,187	15,391
Shareholders equity	89,326	86,359	97,656	1,09,290
Earnings per share (₹)	74.45	93.88	109.28	116.88

Not collected yet for this company: Dividend per share. These come from the filings, not the daily price feed.

Recent quarters

₹ crore · Most recent first

Quarter ended	Revenue	Operating profit	Net profit	EPS (₹)
30 Jun 2026	67,942	5,084	4,123	29.96
31 Mar 2026	82,762	7,442	5,326	38.70
31 Dec 2025	71,450	6,345	3,215	23.36
30 Jun 2025	63,679	5,284	3,617	26.29
31 Mar 2025	74,392	7,150	5,497	39.95

Developments

5 positive · 0 negative

Neutral2 days ago

LARSEN & TOUBRO LTD. Option Chain - Live LARSEN & TOUBRO LTD. Option Chain Data, OI & Price

Larsen & Toubrolarge cap

Upstox12 Sept 2026, 1:11 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral2 days ago

Larsen & Toubro Ltd. is Rated Hold by MarketsMOJO

Larsen & Toubrolarge cap

MarketsMojo12 Sept 2026, 10:40 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralExpansion2 days ago

L&T to fabricate platforms, pipelines for ONGC expansion projects offshore western India

Larsen & Toubrolarge cap GAIL (India)Mentioned Oil & Natural Gas CorporationMentioned

Offshore Magazine12 Sept 2026, 12:57 am IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

Larsen & Toubro slides Friday, underperforms market

Larsen & Toubrolarge cap

MarketWatch11 Sept 2026, 4:01 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

SENSEX, NIFTY50 resume decline after a day's pause dragged by Reliance Industries, Larsen & Toubro

Larsen & Toubrolarge cap Reliance IndustriesMentioned

Upstox11 Sept 2026, 3:46 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

Larsen & Toubro Share Price - Live NSE: LT Stock Price & Chart

Larsen & Toubrolarge cap

Upstox11 Sept 2026, 12:30 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

Volumes spurt at Larsen & Toubro Ltd counter

Indus Towersmid cap Larsen & ToubroMentioned

Business Standard11 Sept 2026, 11:16 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral3 days ago

STOCK OF THE DAY Sell Ashok Leyland Futures: SL 168 Tgt 164, 162, 160 - Rate sensitive stocks looking weak in current scenario Sell Hind Zinc Futures: SL 612 Tgt 590, 585, 580 - Metals, Silver and Zinc prices fell sharply in global markets Sell L&T Fin Fut

Ashok Leylandmid cap Larsen & ToubroMentioned

facebook.com11 Sept 2026, 9:08 am IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads positiveOrders4 days ago

L&T secures EPCIC contract from ONGC for offshore projects in India

Oil & Natural Gas Corporationlarge cap GAIL (India)Mentioned Larsen & ToubroMentioned

Inspenet10 Sept 2026, 8:57 pm IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that helps it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.80. This is not the probability that the report is true.

Neutral4 days ago

Markets rebound after three-day decline; Sensex gains on buying in HDFC, Axis Bank

Larsen & Toubrolarge cap Axis BankMentioned

The Hindu10 Sept 2026, 5:23 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralDividend4 days ago

Upcoming Dividend, Stock Split, Bonus Issue Next Week (18-22 May): Havells, ITC , Sula, L&T, Jindal, More

Havells Indialarge cap ITCMentioned Larsen & ToubroMentioned

Goodreturns10 Sept 2026, 4:12 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads positiveOrders5 days ago

L&T wins large offshore order from ONGC for Ratna-I and NLM-14 development

Oil & Natural Gas Corporationlarge cap Larsen & ToubroMentioned

PSU Watch9 Sept 2026, 9:51 pm IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that helps it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.80. This is not the probability that the report is true.

NeutralCash flow5 days ago

L&T, IIFL Finance follow REC into India's emerging tokenised bond market

IIFL Financesmall cap GAIL (India)Mentioned Larsen & ToubroMentioned RECMentioned

Business Standard9 Sept 2026, 9:28 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralCash flow5 days ago

L&T raises ₹500 crore via debt fundraising, becomes first private sector corporate to issue tokenised bonds

Larsen & Toubrolarge cap

Fortune India9 Sept 2026, 3:58 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

NeutralOrders5 days ago

L&T Shares Gain Over Rs 5,000 Crore ONGC Offshore Order

Larsen & Toubrolarge cap Oil & Natural Gas CorporationMentioned

Equitypandit9 Sept 2026, 3:01 pm IST

Classification & context · Moves the numbers

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads positiveOrders5 days ago

L&T bags major ONGC order for west coast projects

Oil & Natural Gas Corporationlarge cap Larsen & ToubroMentioned

The Siasat Daily9 Sept 2026, 2:55 pm IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that helps it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.80. This is not the probability that the report is true.

Reads positiveOrders5 days ago

L&T Wins Large ONGC Offshore Order Worth Up to ₹5,000 Cr

Oil & Natural Gas Corporationlarge cap Larsen & ToubroMentioned

HDFC Sky9 Sept 2026, 2:23 pm IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that helps it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.80. This is not the probability that the report is true.

NeutralCash flow5 days ago

L&T Becomes India’s First Private Sector Corporate to Issue Tokenised Bond

Larsen & Toubrolarge cap GAIL (India)Mentioned

Larsen & Toubro9 Sept 2026, 1:57 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Neutral5 days ago

Larsen & Toubro plans to raise ₹5 billion via tokenized bonds

Larsen & Toubrolarge cap

scanx.trade9 Sept 2026, 1:41 pm IST

Classification & context · Routine

No supported direction in the headline — that is not the same as unimportant. This classifies the headline only, not the full article. It is not a recommendation.

A real announcement — a product, a partnership, an appearance — that is unlikely to change the financials.

Classifier confidence: 0.35. This is not the probability that the report is true.

Reads positiveOrders5 days ago

Larsen & Toubro secures 'large' offshore contract from ONGC

CG Power & Industrial Solutionsmid cap Larsen & ToubroMentioned Oil & Natural Gas CorporationMentioned

Business Standard9 Sept 2026, 1:31 pm IST

Classification & context · Moves the numbers

The headline states a business fact and a direction that helps it. This classifies the headline only, not the full article. It is not a recommendation.

Names an event that should show up in revenue, profit, debt, capacity or approvals.

Classifier confidence: 0.80. This is not the probability that the report is true.

About the business

Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The company operates through four segments: Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, and Others. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission & distribution, renewables, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in clean energy space, oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems; and electrolysers. The other segment engages in realty; smart infrastructure and communication projects; construction equipment; and industrial product design development, including marketing and servicing of construction equipment, mining machinery and parts thereof, manufacture and sale of rubber processing machinery, and ecommerce/digital platforms and data centers. It has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. The company was founded in 1938 and is headquartered in Mumbai, India.

Industry: Engineering & Construction

www.larsentoubro.com

Data confidence

Prices, fundamentals and developments last verified 13 Sept 2026. Fundamentals are sourced from public filings feeds; interpretation is shown separately from figures.

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