profit from every ₹100 of sales.
₹0₹100
Larsen & Toubro
₹4,143.80-0.37% today
+2.8% in 1 year
1-year low ₹3,342.401-year high ₹4,418.10
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹35.45 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Larsen & Toubro sold, what it kept, and what it did with the cash.
Sales went from ₹1.82 trillion in 2023 to ₹2.84 trillion in 2026, with ₹161 billion of profit last year.
SalesProfit
Larsen & Toubro handed back 39% of the cash it generated last year.
₹46.8B
Free cash flow 2026₹119.3B
Bought back its own shares–
Paid as dividends₹46.8B
Cash vs. debt₹153.9B vs. ₹1.25T
Larsen & Toubro vs. similar companies
Larsen & Toubro grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Larsen & Toubro | 35.4× · Expensive | ||
 Quanta Services | 88.2× · Very expensive | ||
 Ferrovial | 45.3× · Expensive | ||
 Comfort Systems USA | 38.1× · Expensive | ||
 Samsung C&T | 19.1× · Fair price |
AI analysis
An AI analyst reads Larsen & Toubro's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 1,816,614 | 2,191,157 | 2,542,087 | 2,842,252 | |
| 650,462 | 729,033 | 830,398 | 911,764 | |
| 195,015 | 217,311 | 264,780 | 270,706 | |
| 236,709 | 277,283 | 310,079 | 331,675 | |
| 104,707 | 130,591 | 150,371 | 160,840 | |
| 74.45 | 93.88 | 109.28 | 116.88 | |
| 35.8% | 33.3% | 32.7% | 32.1% | |
| 10.7% | 9.9% | 10.4% | 9.5% | |
| 5.8% | 6.0% | 5.9% | 5.7% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 3,303,523 | 3,401,360 | 3,795,241 | 4,525,499 |
| Cash | 169,267 | 119,585 | 121,870 | 153,912 |
| Total debt | 1,206,504 | 1,163,222 | 1,324,089 | 1,254,970 |
| Total liabilities | 2,267,851 | 2,375,863 | 2,641,204 | 3,240,194 |
| 893,260 | 863,592 | 976,556 | 1,092,898 | |
| 1,406 | 1,391 | 1,376 | 1,376 | |
| 7.2% | 8.9% | 8.8% | 9.2% | |
| 11.7% | 15.1% | 15.4% | 14.7% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 227,770 | 182,663 | 91,514 | 167,410 | |
| 41,438 | 45,165 | 44,188 | 48,092 | |
| 186,332 | 137,498 | 47,325 | 119,318 | |
| Dividends paid | 30,914 | 42,170 | 38,496 | 46,762 |
| 0 | 100,266 | 0 | – | |
| 2,495 | 2,976 | 2,226 | 1,153 |
Valuation
- 35.4×
- –
- 2.19
- 5.1×
- 2.0×
- 47.8×
- 20.5×
- 2.1%
- 2.8%
- 0.8%
Profitability
- 32.1%
- 9.5%
- 5.7%
- –
- 9.2%
- 8.5%
- –
- –
- –
- –
Growth
- +16.1%
- +16.2%
- –
- –
- −0.7%
Financial health
- 3.3×
- 1.15
- –
- 10.1×
- 1.25
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 982
Top 43%of 991
Bottom 23%of 876
Top 18%of 989
Bottom 34%of 988
0.8%of the share price, paid each year
On $1,000 invested$8a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
29.1% of its profit
Room to growStretchedMore than it earns: 39.2%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
40No pass
Benjamin Graham
33No pass
Philip Fisher
46No pass
Peter Lynch
48No pass
Joel Greenblatt
18No pass
Charlie Munger
25No pass
Terry Smith
25No pass
Questions about Larsen & Toubro
Is Larsen & Toubro a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Larsen & Toubro AI analysis
What does Larsen & Toubro do?
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. It is in Engineering & Construction, based in Mumbai, India, with 55,662 employees.
Does Larsen & Toubro pay a dividend?
Yes. At today's price the dividend is 0.8% a year, about 29% of its yearly profit. In 2026 it paid out ₹46.8 billion in dividends.
Is Larsen & Toubro stock halal?
Yes. Larsen & Toubro passes our halal screen: its business is permitted and its debt is 22% of its market value, under the 30% limit. How we check
How has Larsen & Toubro stock done over the past year?
Up 2.8% over the past twelve months, to ₹4,143.80. It traded between ₹3,342.40 and ₹4,418.10 and is 6.2% below its high.
Who are Larsen & Toubro's competitors?
The largest listed companies in the same industry are Quanta Services, Ferrovial, Comfort Systems USA and Samsung C&T. The peers table on this page compares their profit, growth and price with Larsen & Toubro's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.