Larsen & Toubro Key Ratios
NSE: LT | BSE: 500510
₹4,185.00
As on 09-Nov-2026IST
Market cap
₹5,75,862 Cr
Revenue (TTM)
₹3,00,904 Cr
P/E Ratio
32.2
P/B Ratio
5.1
Div. Yield
0.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 20.98 | 24.11 | 12.89 | 11.26 | 12.34 |
| EBIT | 33.97 | 5.05 | 8.46 | 7.78 | 5.45 |
| Net Profit | -24.36 | 15.10 | 28.14 | 19.36 | 16.69 |
| EPS | -24.36 | 193.82 | 144.71 | 15.65 | 14.72 |
| Book Value | -- | -- | 3.68 | 2.10 | 4.27 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 5.87 | 6.27 | 10.72 | 6.28 | 5.43 |
| Net Margin
| 6.05 | 6.48 | 6.82 | 3.87 | 7.22 |
| Return on equity
| 12.77 | 12.38 | 16.70 | 8.60 | 15.97 |
| Return on Capital
| 15.49 | 14.88 | -- | 12.58 | 17.91 |
| Return on Assets
| 4.89 | 4.83 | 4.81 | 3.21 | 6.06 |
| Debt to Equity (x)
| -- | -- | 0.62 | 0.16 | 0.31 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
15.98
|
15.84
|
14.86
|
12.98
|
|
Peer Median
|
--
|
18.10
|
21.87
|
17.59
|
--
|
ROE
16.70
Higher than Peers by 3.69
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
16.70
|
18.59
|
19.33
|
17.83
|
14.78
|
|
Peer Median
|
13.01
|
13.83
|
13.71
|
10.53
|
--
|
ROA
4.81
Lower than Peers by 0.99
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
4.81
|
4.65
|
4.97
|
4.70
|
3.92
|
|
Peer Median
|
5.79
|
7.19
|
6.55
|
3.91
|
--
|
EBIT Margin
10.72
Higher than Peers by 1.76
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
10.72
|
10.06
|
9.52
|
10.70
|
11.12
|
|
Peer Median
|
8.96
|
11.77
|
12.44
|
8.68
|
--
|
Net Margin
6.82
Lower than Peers by 0.17
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
6.82
|
6.49
|
6.68
|
6.84
|
6.66
|
|
Peer Median
|
6.99
|
10.09
|
7.02
|
4.68
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
8.23
|
8.53
|
8.71
|
8.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
11.15
Higher than Peers by 2.10
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
11.15
|
11.79
|
15.66
|
20.60
|
17.13
|
|
Peer Median
|
9.05
|
12.89
|
17.07
|
16.78
|
--
|
EBIT Growth
7.23
Lower than Peers by 6.54
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
7.23
|
18.15
|
2.90
|
16.06
|
20.11
|
|
Peer Median
|
13.77
|
21.78
|
37.71
|
25.33
|
--
|
Net Profit Growth
28.14
Higher than Peers by 6.12
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
28.14
|
8.32
|
13.60
|
23.33
|
22.68
|
|
Peer Median
|
22.02
|
40.30
|
61.63
|
66.68
|
--
|
EPS Growth
144.71
Higher than Peers by 133.86
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
144.71
|
6.93
|
15.10
|
27.52
|
20.74
|
|
Peer Median
|
10.85
|
28.10
|
27.43
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
12.14
|
13.22
|
-3.43
|
8.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.62
Higher than Peers by 0.57
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
0.62
|
1.12
|
1.33
|
1.33
|
1.33
|
|
Peer Median
|
0.05
|
0.31
|
0.35
|
0.47
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
0.32
|
0.37
|
0.32
|
0.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.25
Lower than Peers by 0.26
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
1.25
|
1.25
|
1.21
|
1.23
|
1.37
|
|
Peer Median
|
1.51
|
1.62
|
1.45
|
1.36
|
--
|
Quick Ratio
1.20
Lower than Peers by 0.06
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
1.20
|
1.21
|
1.18
|
1.19
|
1.32
|
|
Peer Median
|
1.26
|
1.46
|
1.39
|
1.13
|
--
|
Interest Coverage
3.91
Lower than Peers by 0.31
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
3.91
|
3.44
|
3.29
|
3.09
|
2.75
|
|
Peer Median
|
4.22
|
5.83
|
4.33
|
3.18
|
--
|
Operating Efficiency
Debtors to sales
19.18
Lower than Peers by 6.35
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
19.18
|
21.15
|
21.00
|
22.06
|
24.40
|
|
Peer Median
|
25.53
|
30.81
|
26.90
|
21.21
|
--
|
Asset Turnover
0.69
Higher than Peers by 0.06
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
0.69
|
0.69
|
0.72
|
0.67
|
0.57
|
|
Peer Median
|
0.62
|
0.62
|
0.79
|
0.72
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
72.89
|
73.14
|
77.17
|
90.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
10.98
|
10.20
|
11.10
|
12.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
232.17
|
208.91
|
246.15
|
306.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
--
|
-148.30
|
-125.58
|
-157.88
|
-203.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
32.23
Higher than Peers by 13.49
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
32.23
|
29.97
|
31.93
|
39.73
|
29.06
|
|
Peer Median
|
18.74
|
19.14
|
25.61
|
33.32
|
--
|
Price / Book Value
5.09
Higher than Peers by 2.85
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
5.09
|
4.42
|
4.94
|
6.05
|
3.42
|
|
Peer Median
|
2.24
|
2.31
|
2.91
|
3.63
|
--
|
Dividend Yield
0.91
Higher than Peers by 0.78
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
0.91
|
1.08
|
0.97
|
0.90
|
1.11
|
|
Peer Median
|
0.13
|
0.05
|
--
|
--
|
--
|
EV/EBITDA
15.58
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
15.58
|
13.65
|
15.64
|
18.20
|
13.24
|
|
Peer Median
|
--
|
12.94
|
16.68
|
17.42
|
--
|
Market Cap
5,75,862
Higher than Peers by 5,73,242
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
5,75,862
|
4,82,070
|
4,80,090
|
5,18,797
|
3,04,254
|
|
Peer Median
|
2,620
|
1,989
|
2,809
|
3,110
|
--
|