NSE/LT

LTLarsen & Toubro Ltd

Construction · NSE

₹4,096.1-0.58%

52-wk low52-WEEK RANGE52-wk high

₹3,054.15+34.1% from low ·-7.3% from high₹4,418.1

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

LT+34.12% · 1Y

Range high ₹4,440Range low ₹3,048Latest ₹4,096.1252 bars · daily-close · NSE bhavcopy + 10Y history

ConstructionEngineering & ConstructionLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite50/100

Performance

Medium

Middle-of-the-pack performance.

· 52w return +24.9%
· Just above 200-DMA (+5.5%)

Valuation

Medium

Valuation close to the sector median.

· P/E 31.7 close to sector median 31.7
· PEG 1.06

Growth

Medium

Steady but not standout growth.

· Revenue YoY +11.1%
· Profit YoY -4.3% — earnings slipping

Profitability

Medium

Average profitability vs peers.

· ROE 17.3%

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(67/100)

Durability

73/100

Reasonable financial health; watch the weaker inputs.

Show 4 drivers

Piotroski F-score6/9 (67pt)
Altman Z" score2.66 (100pt)
Debt/Equity1.12 (47pt)
ROE17.3% (69pt)

Valuation

51/100

Trading at a premium — growth must keep delivering to justify.

Show 5 drivers

P/E vs sector (31.7 / 31.7)100% (60pt)
PEG1.06 (70pt)
P/B5.50 (40pt)
Dividend yield0.83% (21pt)
EV/EBITDA19.6 (40pt)

Momentum

77/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+24.9% (75pt)
DMA-trend alignmentup (75pt)
RSI (14)61.9 (93pt)
Price vs 200-DMA+7.0% (74pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)31.70

OVERVALUED

CheapestP/E 31.7 at 100th %ile — pricier than 100% of peers.Most expensive

P/B5.50

OVERVALUED

CheapestP/B 5.50 at 100th %ile of sector.Most expensive

EV/EBITDA19.58

OVERVALUED

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: May +4.47% · Worst: Feb -1.60%

Jan

+0.3%

55% win

Feb

-1.6%

33% win

Mar

-0.7%

50% win

Apr

+2.7%

50% win

May

+4.5%

73% win

Jun

+0.4%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.24%

Median

+0.62%

Std dev

7.47%

Best

+20.8%

Worst

-31.9%

% positive

54%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Bankruptcy risk low (Altman Z″ 2.66)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

-0.6%

+3.4%

+19.1%

+1.7%

+11.6%

+29.6%

+22.3%

+21.6%

10Y

+18.1%

Fundamentals

VALUATION

Market cap

₹5,57,269 Cr

P/E (TTM)

31.7

P/E (fwd)

26.1

next 12m

P/B

5.50

EV/EBITDA

19.6

Book value

₹736.99

per share

PROFITABILITY · QUALITY

ROE

17.3%

ROCE

—

Net margin

10.6%

Op margin

10.7%

Gross margin

36.4%

D/E

1.12

GROWTH · MARKET

Rev YoY

+11.1%

Profit YoY

-4.3%

Div yield

0.83%

Payout

26.6%

52w change

+24.9%

Beta

0.42

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 3

+Forward P/E materially below trailing (26.1x vs 31.7x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+3-year revenue CAGR of 17.8%Sustained multi-year growth — not a one-quarter flash
+3-year profit CAGR of 20.1%Consistently compounding earnings — the Buffett playbook

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Construction · 1 peers

P/E (TTM)

This stock

31.70

Sector median

31.70

Rank 1/1 (100th %ile)

ROE

This stock

17.3%

Sector median

17.3%

Rank 1/1 (100th %ile)

P/B

This stock

5.50

Sector median

5.50

Rank 1/1 (100th %ile)

Quality score · Piotroski F-score

6 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE2.66

Z″ = 2.66 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.197	×6.56	1.294
Retained Earnings / Total Assets (B)	0.210	×3.26	0.684
EBIT / Total Assets (C)	0.060	×6.72	0.406
Book Equity / Total Liabilities (D)	0.267	×1.05	0.280

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

30 analysts · BUY

Target mean

₹4475.07

Target high

₹5000.00

Target low

₹3500.00

Upside vs today

+10.5%

Street consensus target is +10.5% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Engineering & Construction

Employees

54,596

Shares out

137.6

Revenue (TTM)

₹2,82,769 Cr

EBITDA

₹33,342 Cr

Total debt

₹1,34,001 Cr

Cash

₹63,124 Cr

Net debt

₹70,878 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	61,555	64,668	72,866	63,679	71,450
Operating profit	5,338	5,208	11,349	5,284	6,345
OPM %	8.7%	8.1%	15.6%	8.3%	8.9%
Interest	884

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	1,55,672	1,81,661	2,19,116	2,54,209
Operating profit	19,341	19,501	21,731	26,512
OPM %	12.4%	10.7%	9.9%	10.4%
Interest	3,055	3,178	3,537	3,331

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
LTTHIS Larsen & Toubro Limited	₹4,096.1	+24.9%	5,57,269	31.7	5.50	17.3%	1.12	+11.1%

AMC	Scheme	Value ₹Cr	% of scheme	Shares
HDFC Mutual Fund	HDFC Flexi Cap Direct Growth	1,158.4	3.44%	32.00 L

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	32.67	31.99	-2.1%
-2q	30.26	28.53	-5.7%
-3q	26.58	26.29	-1.1%
-4q	37.08	37.31	+0.6%

Date	Amount
2025-06-03	₹34.00
2024-06-20	₹28.00
2023-08-02	₹30.00
2022-07-21	₹22.00
2021-07-28	₹18.00
2020-11-04	₹18.00
2020-08-05	₹8.00
2020-03-24	₹10.00
2019-07-24	₹18.00
2018-08-14	₹16.00
2017-08-11	₹14.00
2017-07-13	₹14.00
2016-08-18	₹12.17

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	281	281	275	275
Reserves	67,140	74,520	79,490	89,974
Borrowings	1,25,122	1,20,650	1,16,322	1,32,409
Other liabilities	21	82	618	595
Total liabilities	3,20,067	3,30,352	3,40,136	3,79,524
Fixed assets	13,884	16,461	18,565	19,799
CWIP	1,316	2,987	2,977	2,802
Investments	7,906	8,969	9,904	9,352
Other assets	6,078	5,989	0	2,660
Total assets	3,20,067	3,30,352	3,40,136	3,79,524

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	19,164	22,777	18,266	9,161
CF Investing	-3,668	-8,312	2,163	-15,518
CF Financing	-15,181	-11,572	-25,413	6,557
Net cash flow	397	3,156	-4,968	229
Free cash flow	16,053	18,633	13,750	4,742

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	10.4%	9.9%	10.7%	12.4%
Net margin %	5.9%	6.0%	5.8%	5.6%
ROE %	17.7%	16.9%	14.7%	12.9%
ROCE %	12.9%	12.3%	10.5%	9.1%
Debt / Equity	1.47	1.46	1.61	1.86
Dividend payout %	26%	32%	30%	29%
Interest coverage	8.1×	6.8×	6.4×	5.7×
Revenue growth YoY	+16.0%	+20.6%	+16.7%	—
Profit growth YoY	+15.1%	+24.7%	+20.8%	—

LTLarsen & Toubro Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Construction

Mutual fund holdings

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Mutual fund holdings

Stock scorecard

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

SWOT analysis

Ratios

Peer comparison · Construction