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LT Stock Chart & Stats
₹3785.25
₹20.40(0.54%)
At close: 4:00 PM EDT
₹3785.25
₹20.40(0.54%)
Day’s Range― - ―
52-Week Range₹3,288.65 - ₹4,440.00
Previous CloseN/A
Volume1.45M
Average Volume (3M)158.84K
Market Cap
₹5.42T
Enterprise Value₹5.47M
Total Cash (Recent Filing)₹803.73B
Total Debt (Recent Filing)₹1.25T
Price to Earnings (P/E)30.2
Beta1.32
Next Earnings
Nov 04, 2026EPS Estimate
32.58Next Dividend Ex-DateN/A
Dividend Yield0.96%
Share Statistics
EPS (TTM)121.63
Shares Outstanding1,375,729,100
10 Day Avg. Volume155,256
30 Day Avg. Volume158,836
Financial Highlights & Ratios
PEG Ratio2.88
Price to Book (P/B)4.41
Price to Sales (P/S)1.69
P/FCF Ratio40.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹5,030.00Price Target Upside32.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)146.62
Revenue Forecast (FY)₹3.20T
Bulls Say, Bears Say
Bulls Say
Large, Growing Order BookA 7.79 trillion INR order book, +27% YoY, provides multi‑year revenue visibility across segments. That backlog smooths near‑term revenue risk, supports capacity planning, and underpins sustained EPC cash flows and bidding competitiveness even if new awards fluctuate.
Scale In International & Renewables WinsWinning large offshore wind/HVDC mandates and securing ~8GW positions L&T structurally in energy‑transition infrastructure. This diversifies revenue toward renewables, raises exposure to higher long‑term project pipelines and international clients, and strengthens differentiated engineering credentials.
Improving Working Capital And Cash GenerationImproved NWC/sales to 4.9% with strong collections and INR 43bn operating cash flow (ex FS) indicates better cash conversion. Consistent positive free cash flow historically plus recent improvement reduces liquidity stress, supports reinvestment and cushions project working‑capital swings.
Bears Say
Meaningful LeverageSustained debt‑to‑equity above 1.0 raises financial risk for a project‑centric firm exposed to timing and working‑capital volatility. High leverage limits strategic optionality, increases interest exposure if rates rise, and amplifies the impact of execution setbacks on solvency metrics.
Margin Pressure / Gross Margin DropA marked gross margin decline in 2026 and drifting operating margins indicate rising cost or mix pressures. If persistent, reduced margin durability will compress free cash flow, lower reinvestment ability, and increase sensitivity to price competition on future EPC bids.
Execution & Geopolitical Supply‑chain RiskMiddle East supply‑chain and logistics disruptions have caused delays, procurement issues and client negotiations. Such execution friction raises scope for cost overruns, elevated ECLs (~INR 2.5bn noted), and prolonged working‑capital absorption until disputes and force‑majeure claims resolve.
Larsen & Toubro Limited News
LT FAQ
What was Larsen & Toubro Limited’s price range in the past 12 months?
Larsen & Toubro Limited lowest stock price was ₹3288.65 and its highest was ₹4440.00 in the past 12 months.
What is Larsen & Toubro Limited’s market cap?
Larsen & Toubro Limited’s market cap is ₹5.42T.
When is Larsen & Toubro Limited’s upcoming earnings report date?
Larsen & Toubro Limited’s upcoming earnings report date is Nov 04, 2026 which is in 95 days.
How were Larsen & Toubro Limited’s earnings last quarter?
Larsen & Toubro Limited released its earnings results on Jul 28, 2026. The company reported ₹29.96 earnings per share for the quarter, beating the consensus estimate of ₹27.475 by ₹2.485.
Is Larsen & Toubro Limited overvalued?
According to Wall Street analysts Larsen & Toubro Limited’s price is currently Undervalued.
Does Larsen & Toubro Limited pay dividends?
Larsen & Toubro Limited pays a Annually dividend of ₹38 which represents an annual dividend yield of 0.96%. See more information on Larsen & Toubro Limited dividends here
What is Larsen & Toubro Limited’s EPS estimate?
Larsen & Toubro Limited’s EPS estimate is 32.58.
How many shares outstanding does Larsen & Toubro Limited have?
Larsen & Toubro Limited has 1,375,729,100 shares outstanding.
What happened to Larsen & Toubro Limited’s price movement after its last earnings report?
Larsen & Toubro Limited reported an EPS of ₹29.96 in its last earnings report, beating expectations of ₹27.475. Following the earnings report the stock price went up 0.748%.
Which hedge fund is a major shareholder of Larsen & Toubro Limited?
Currently, no hedge funds are holding shares in IN:LT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Larsen & Toubro Limited
Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in 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 for defense, security, space, and industrial sectors; and electrolysers. The IT & Technology Services segment offers information technology and integrated engineering services, e-commerce/digital platforms and data centers, and semiconductor chip design solutions. The Financial Services segment provides retail finance. The Development Projects segment develops, operates, and maintains metro project comprising transit-oriented development, toll roads, power generation and development, thermal power, and green energy. The Others segment engages in realty, manufacture and sale of industrial valves; marketing and servicing of construction equipment, mining machinery and parts, and processing machinery. Larsen & Toubro Limited 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. Larsen & Toubro Limited was founded in 1938 and is headquartered in Mumbai, India.
LT Stock 12 Month Forecast
Average Price Target
₹5,030.00
▲(32.88% Upside)
Technical Analysis
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