Larsen & Toubro Ltd Stock Price Today (NSE: LT)
Fundamental Score
Larsen & Toubro Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Larsen & Toubro Ltd share price today is ₹3613.10, up +0.16% on NSE/BSE as of 22 April 2026. Larsen & Toubro Ltd (LT) is a Large-cap company in the Civil Construction sector with a market capitalisation of ₹5.60L (Cr). The 52-week high for LT share price is ₹4440.00 and the 52-week low is ₹3230.10. At a P/E ratio of 34.87x, LT is currently trading above its industry average P/E of 18.93x. The company has a Return on Equity (ROE) of 16.55% and a debt-to-equity ratio of 1.32.
Larsen & Toubro Ltd Share Price Chart — NSE/BSE Historical Performance
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Larsen & Toubro Share Price: A ROCE-Focused Analysis
The civil construction sector, often a bellwether for economic activity, faces a unique challenge: translating massive infrastructure investments into consistently high returns. This analysis focuses on Larsen & Toubro share price (₹4068.10009765625) and its Return on Capital Employed (ROCE) to assess its financial health. The current Price-to-Earnings (PE) ratio stands at 34.87, which will be evaluated in the context of its ROCE and peer performance.
Larsen & Toubro's ROCE of 14.49% is a critical indicator of its efficiency in generating profits from invested capital. A higher ROCE generally suggests better capital allocation and efficient operations. This metric significantly contributes to the company's economic moat, reflecting its ability to sustain competitive advantages. A consistent and healthy ROCE signals an ability to reinvest earnings profitably, strengthening its market position and potentially supporting future growth.
Considering its peers, a comparative analysis reveals insights. For example, the management quality at Larsen & Toubro, implied by sustained project execution and contract wins, might differentiate it from
MBL Infrastructure Ltd. MBL Infrastructure, for instance, could have different operational efficiencies reflected in its own ROCE, affecting its ability to convert investment into profits with the same effectiveness. Analyzing these differences highlights relative strengths and weaknesses within the sector.Ultimately, ROCE serves as a crucial element in understanding the true value proposition of Larsen & Toubro. While the PE ratio reflects market sentiment, ROCE provides a fundamental view of how well the company utilizes its resources. A sustained ROCE performance above its cost of capital enhances shareholder value over the long term. This financial analysis, part of an 80-parameter fundamental audit, is intended for informational purposes only and is verified by Sweta Mishra. It is observational in nature and does not constitute investment advice.
Larsen & Toubro Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹3539.30 | ₹3629.00 | ₹3470.00 | ₹3613.10 | 41.21L (Cr) | |
| ₹3655.00 | ₹3682.90 | ₹3597.30 | ₹3607.50 | 41.00L (Cr) | |
| ₹3500.00 | ₹3543.60 | ₹3491.10 | ₹3504.10 | 35.49L (Cr) | |
| ₹3640.00 | ₹3640.00 | ₹3547.00 | ₹3564.10 | 39.90L (Cr) | |
| ₹3569.90 | ₹3643.40 | ₹3546.00 | ₹3630.80 | 27.77L (Cr) | |
| ₹3440.00 | ₹3547.10 | ₹3390.50 | ₹3516.80 | 60.38L (Cr) | |
| ₹3405.10 | ₹3409.90 | ₹3288.10 | ₹3342.40 | 56.45L (Cr) | |
| ₹3475.00 | ₹3524.00 | ₹3410.00 | ₹3434.80 | 47.43L (Cr) | |
| ₹3526.70 | ₹3528.30 | ₹3422.00 | ₹3434.50 | 48.99L (Cr) | |
| ₹3569.00 | ₹3638.80 | ₹3555.00 | ₹3607.90 | 41.90L (Cr) |
Larsen & Toubro Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹3655.00 | ₹3682.90 | ₹3470.00 | ₹3613.10 | -1.15% | |
| ₹4061.00 | ₹4141.40 | ₹3288.10 | ₹3504.10 | -13.71% | |
| ₹3830.70 | ₹4440.00 | ₹3825.00 | ₹4278.30 | +11.68% | |
| ₹4090.00 | ₹4195.00 | ₹3720.10 | ₹3932.30 | -3.86% | |
| ₹4087.00 | ₹4114.00 | ₹3949.10 | ₹4083.50 | -0.09% | |
| ₹4030.00 | ₹4140.00 | ₹3831.10 | ₹4069.60 | +0.98% | |
| ₹3658.90 | ₹4062.60 | ₹3615.00 | ₹4030.90 | +10.17% | |
| ₹3601.00 | ₹3794.90 | ₹3525.00 | ₹3659.00 | +1.61% | |
| ₹3636.00 | ₹3727.90 | ₹3531.00 | ₹3601.00 | -0.96% | |
| ₹3669.80 | ₹3685.30 | ₹3405.10 | ₹3636.50 | -0.91% | |
| ₹3675.10 | ₹3731.40 | ₹3485.90 | ₹3669.80 | -0.14% | |
| ₹3325.00 | ₹3695.30 | ₹3284.10 | ₹3675.10 | +10.53% |
AI Research Briefing
Powered by Gemini · 2026-04-10
L&T is an expensive bet on Indian infrastructure boom, vulnerable to execution risks and policy changes.
⚡WHAT'S HAPPENING NOW (last 2-4 weeks):
L&T's Buildings & Factories business secured multiple orders in Gujarat and Andhra Pradesh. These orders, valued between ₹1,000-2,500 crores, include a float glass plant in Gujarat and a two-wheeler manufacturing facility in Andhra Pradesh. L&T also secured multiple add-on orders across existing projects. Separately, L&T secured a major contract worth ₹25-50 billion. However, the share price dipped despite a massive $3.7B (₹3.43 lakh crore) order win from NTPC for power equipment.
�� CORE STORY (THE REAL GAME):
L&T is an infrastructure play, riding the wave of the Indian government's massive capex plans. It's about L&T's ability to secure and execute large-scale projects, both domestically and internationally, particularly in the Middle East.
- Recent large order wins from NTPC and others
- Government's continued focus on infrastructure development
- Positive sentiment due to US-Iran ceasefire
- Further large order wins, especially in international markets
- Faster execution of existing projects
- Increased government spending on infrastructure
- High valuation compared to industry peers
- Geopolitical risks in the Middle East
- Dependence on government projects
FII increased stake slightly (Δ 0.15%), while DII decreased stake slightly (Δ -0.14%).
Indian civil engineering market is expected to grow at a CAGR of 35.1% from 2026 to 2033.
Buildings & Factories business secured orders worth ₹1,000-2,500 crores in Gujarat and Andhra Pradesh. Major contract worth ₹25-50 billion secured.
Profit converting to cash (Free Cash Flow 5Y: ₹76934.58 Cr)
L&T's growth hinges on its ability to capitalize on India's infrastructure boom and manage geopolitical risks. Expect volatility due to its high valuation and dependence on government spending.
Primary Thesis Risk
Reliance on government spending and high valuation make L&T vulnerable to policy shifts and market corrections.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Larsen & Toubro Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Shareholding Pattern
Promoter
FII
DII
Pledged
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Larsen & Toubro Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of LT across key market metrics for learning purposes.
Positive Indicators
4 factors identified
Strong Return on Equity (16.55%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Strong Cash Generation (₹76934.58 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Strong Institutional Confidence (FII+DII: 62.82%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
2 factors identified
Elevated Debt Levels (D/E: 1.32)
Observation: High leverage increases financial risk and interest burden.
Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.
Low Promoter Commitment (0.00%)
Observation: Reduced promoter stake may indicate limited confidence.
Analysis: Low promoter holding may raise questions about management commitment.
Peer Comparison - Civil Construction
Compare Larsen & Toubro Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
35.9/100 | ₹3613.10₹3613 | ₹560453.09₹560453.09 | 34.87Average 34.9 Average | 16.55%Good 16.55% Good | 14.49%Average 14.49% Average | 1.32Average 1.3 Average | 9.73%Good 9.73% Good | 11.95%Good 11.95% Good | 0.83% | |
Rail Vikas Nigam LtdRail Vikas Niga... RVNL • 542649 | 34.9/100 | ₹260.66₹261 | ₹67085.37₹67085.37 | 59.08Average 59.1 Average | 14.01%Average 14.01% Average | 0.00%Poor 0.00% Poor | 0.52Good 0.5 Good | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Nbcc India LtdNbcc India Ltd... NBCC • 534309 | 60.3/100 | ₹83.09₹83 | ₹31859.97₹31859.97 | 47.71Average 47.7 Average | 25.54%Excellent 25.54% Excellent | 0.00%Poor 0.00% Poor | 0.00Excellent 0.0 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
24.4/100 | ₹21.80₹22 | ₹26046.27₹26046.27 | 29.75Average 29.8 Average | 5.91%Poor 5.91% Poor | 0.00%Poor 0.00% Poor | 1.02Average 1.0 Average | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% | |
29.9/100 | ₹1106.10₹1106 | ₹20171.65₹20171.65 | 24.57Average 24.6 Average | 9.96%Poor 9.96% Poor | 0.00%Poor 0.00% Poor | 0.69Good 0.7 Good | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% | |
Kec International LtdKec Internation... KEC • 532714 | 48.5/100 | ₹529.50₹530 | ₹18483.64₹18483.64 | 27.06Average 27.1 Average | 12.02%Average 12.02% Average | 0.00%Poor 0.00% Poor | 0.94Good 0.9 Good | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Ircon International LtdIrcon Internati... IRCON • 541956 | 30.2/100 | ₹124.96₹125 | ₹14995.61₹14995.61 | 24.97Average 25.0 Average | 11.33%Average 11.33% Average | 0.00%Poor 0.00% Poor | 0.80Good 0.8 Good | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
ITD Cementation India LtdITD Cementation... ITDCEM • 509496 | 60.7/100 | ₹840.95₹841 | ₹14797.54₹14797.54 | 33.22Average 33.2 Average | 21.78%Excellent 21.78% Excellent | 0.00%Poor 0.00% Poor | 0.48Excellent 0.5 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Techno Electric & Engineering Co LtdTechno Electric... TECHNOE • 542141 | 66.3/100 | ₹1049.40₹1049 | ₹13872.92₹13872.92 | 31.14Average 31.1 Average | 12.81%Average 12.81% Average | 0.00%Poor 0.00% Poor | 0.02Excellent 0.0 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Rites LtdRites Ltd... RITES • 541556 | 50.3/100 | ₹190.75₹191 | ₹11083.77₹11083.77 | 26.96Average 27.0 Average | 14.66%Average 14.66% Average | 0.00%Poor 0.00% Poor | 0.00Excellent 0.0 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Engineers India LtdEngineers India... ENGINERSIN • 532178 | 54.1/100 | ₹200.55₹201 | ₹11033.48₹11033.48 | 20.53Average 20.5 Average | 23.17%Excellent 23.17% Excellent | 0.00%Poor 0.00% Poor | 0.01Excellent 0.0 Excellent | 0.00%Average 0.00% Average | 0.00%Average 0.00% Average | 0.00% |
Larsen & Toubro Ltd Financial Statements
Comprehensive financial data for Larsen & Toubro Ltd including income statement, balance sheet and cash flow
About LT (Larsen & Toubro Ltd)
Larsen & Toubro Ltd. is a titan in the civil construction landscape, forging tangible realities from ambitious blueprints across India and beyond. With decades of experience etched... into every brick laid and girder erected, the company stands as a testament to engineering prowess and steadfast commitment. The Infrastructure division functions as the backbone of progress, relentlessly shaping the world through the construction of towering skyscrapers, expansive manufacturing hubs, and the intricate network of transport arteries that connect communities. From the initial excavation to the final finishing touches, their team of experts orchestrates complex projects with precision, bringing visions to life while adhering to the highest standards of quality and safety. Beyond the tangible structures, Larsen & Toubro's influence extends to the crucial aspects of resource management and environmental responsibility. They pioneer advanced water and effluent treatment solutions, safeguarding precious resources and promoting sustainable practices within the civil construction sector. They also play a critical role in the metals and mining industries, building the infrastructure that supports the efficient extraction and processing of essential materials. Their heavy civil infrastructure projects showcase a deep understanding of the land, enabling the development of monumental feats of engineering that stand the test of time. Moreover, Larsen & Toubro possesses formidable capabilities in the energy sector, shaping the future of power generation through innovative construction and engineering solutions. The Energy Projects division propels the development of critical infrastructure in oil and gas, the construction of towering refineries, and the creation of sprawling petrochemical complexes. Their ambition reaches offshore, where they delve into pioneering wind energy solutions, harnessing the power of the ocean to drive sustainable growth. With a forward-thinking mindset and an unwavering dedication to excellence, Larsen & Toubro continues to define the horizons of civil construction.
Company Details
Key Leadership
Corporate Events
Latest News
LT Share Price: Frequently Asked Questions
What is the current share price of Larsen & Toubro Ltd?
As of 22 Apr 2026, 11:00 am IST, Larsen & Toubro Ltd share price is ₹3613.10. The Larsen & Toubro Ltd stock has a market capitalisation of ₹5.60L (Cr) on NSE/BSE.
Is Larsen & Toubro Ltd share price Overvalued or Undervalued?
Larsen & Toubro Ltd share price is currently trading at a P/E ratio of 34.87x, compared to the industry average of 18.93x. Based on this relative valuation, the Larsen & Toubro Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of Larsen & Toubro Ltd share price?
The 52-week high of Larsen & Toubro Ltd share price is ₹4440.00 and the 52-week low is ₹3230.10. These values are updated daily from NSE/BSE price data.
What factors affect the Larsen & Toubro Ltd share price?
Key factors influencing Larsen & Toubro Ltd share price include quarterly earnings growth (Sales Growth: 10.44%), raw material costs, government spending, and institutional flows (FII/DII holding).
Is Larsen & Toubro Ltd a good stock for long-term investment?
Larsen & Toubro Ltd shows a 5-year Profit Growth of 9.73% and an ROE of 16.55%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 1.32 before investing in Larsen & Toubro Ltd shares.
How does Larsen & Toubro Ltd compare with its industry peers?
Larsen & Toubro Ltd competes with major peers in the Civil Construction. Investors should compare Larsen & Toubro Ltd share price P/E of 34.87x and ROE of 16.55% against the industry averages to determine competitive standing.
What is the P/E ratio of Larsen & Toubro Ltd and what does it mean?
Larsen & Toubro Ltd share price has a P/E ratio of 34.87x compared to the industry average of 18.93x. Investors pay ₹35 for every ₹1 of annual earnings.
How is Larsen & Toubro Ltd performing according to Bull Run's analysis?
Larsen & Toubro Ltd has a Bull Run fundamental score of 35.9/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does Larsen & Toubro Ltd belong to?
Larsen & Toubro Ltd operates in the Civil Construction industry. This classification helps understand the competitive landscape and sector-specific trends affecting Larsen & Toubro Ltd share price.
What is Return on Equity (ROE) and why is it important for LT?
LT has an ROE of 16.55%, which indicates excellent management efficiency. ROE measures how efficiently Larsen & Toubro Ltd generates profits from shareholders capital.
How is LT debt-to-equity ratio and what does it indicate?
LT has a debt-to-equity ratio of 1.32, which indicates high leverage that increases financial risk.
What is LT dividend yield and is it a good dividend stock?
LT offers a dividend yield of 0.83%, meaning you receive ₹0.83 annual dividend for every ₹100 invested in Larsen & Toubro Ltd shares.
How has LT share price grown over the past 5 years?
LT has achieved 5-year growth rates of: Sales Growth 11.95%, Profit Growth 9.73%, and EPS Growth 10.18%.
What is the promoter holding in LT and why does it matter?
Promoters hold 0.00% of LT shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Larsen & Toubro Ltd.
What is LT market capitalisation category?
LT has a market capitalisation of ₹560453 crores, placing it in the Large-cap category.
How volatile is LT stock?
LT has a beta of N/A. A beta > 1 suggests the Larsen & Toubro Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is LT operating profit margin trend?
LT has a 5-year average Operating Profit Margin (OPM) of 14.49%, indicating the company's operational efficiency.
How is LT quarterly performance?
Recent quarterly performance shows Larsen & Toubro Ltd YoY Sales Growth of 10.44% and YoY Profit Growth of 15.63%.
What is the institutional holding pattern in LT?
LT has FII holding of 19.48% and DII holding of 43.34%. Significant institutional holding often suggests professional confidence in the Larsen & Toubro Ltd stock.