Larsen & Toubro Key Ratios
NSE: LT | BSE: 500510
₹3,912.40
As on 10-Sep-2026 10:59IST
Market cap
₹5,40,027 Cr
Revenue (TTM)
₹2,90,137 Cr
P/E Ratio
32.6
P/B Ratio
4.7
Div. Yield
1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -23.66 | 7.63 | 7.23 | 10.05 | 12.54 |
| EBIT | -65.51 | -24.64 | 0.91 | 7.17 | 6.46 |
| Net Profit | 10.95 | 27.83 | 35.06 | 20.95 | 29.90 |
| EPS | 25.11 | 27.79 | -36.29 | -5.30 | 16.92 |
| 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 | 11.00 | 6.28 | 5.43 |
| Net Margin
| 6.05 | 6.48 | 6.67 | 3.87 | 7.22 |
| Return on equity
| 12.77 | 12.38 | 16.41 | 8.60 | 15.97 |
| Return on Capital
| 15.49 | 14.88 | -- | 12.58 | 17.91 |
| Return on Assets
| 4.89 | 4.83 | 4.76 | 3.21 | 6.06 |
| Debt to Equity (x)
| -- | -- | 0.58 | 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
|
--
|
18.26
|
21.87
|
17.59
|
--
|
ROE
16.41
Higher than Peers by 3.53
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
16.41
|
18.59
|
19.33
|
17.83
|
14.78
|
|
Peer Median
|
12.89
|
14.42
|
13.71
|
10.53
|
--
|
ROA
4.76
Lower than Peers by 0.87
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
4.76
|
4.65
|
4.97
|
4.70
|
3.92
|
|
Peer Median
|
5.64
|
6.93
|
6.55
|
3.91
|
--
|
EBIT Margin
11.00
Higher than Peers by 2.62
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
11.00
|
10.06
|
9.52
|
10.70
|
11.12
|
|
Peer Median
|
8.37
|
12.44
|
12.44
|
8.68
|
--
|
Net Margin
6.67
Lower than Peers by 0.25
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
6.67
|
6.49
|
6.68
|
6.84
|
6.66
|
|
Peer Median
|
6.92
|
8.47
|
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
9.78
Higher than Peers by 0.71
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
9.78
|
11.79
|
15.66
|
20.60
|
17.13
|
|
Peer Median
|
9.07
|
15.79
|
17.07
|
16.78
|
--
|
EBIT Growth
7.95
Lower than Peers by 5.76
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
7.95
|
18.15
|
2.90
|
16.06
|
20.11
|
|
Peer Median
|
13.71
|
24.28
|
37.71
|
25.33
|
--
|
Net Profit Growth
35.06
Higher than Peers by 13.05
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
35.06
|
8.32
|
13.60
|
23.33
|
22.68
|
|
Peer Median
|
22.02
|
29.14
|
61.63
|
66.68
|
--
|
EPS Growth
-36.29
Lower than Peers by 47.21
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
-36.29
|
6.93
|
15.10
|
27.52
|
20.74
|
|
Peer Median
|
10.91
|
22.69
|
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
0.58
Higher than Peers by 0.53
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
0.58
|
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 0.25
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
|
1.50
|
1.57
|
1.45
|
1.36
|
--
|
Quick Ratio
1.21
Lower than Peers by 0.03
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
1.21
|
1.21
|
1.18
|
1.19
|
1.32
|
|
Peer Median
|
1.25
|
1.50
|
1.39
|
1.13
|
--
|
Interest Coverage
3.77
Lower than Peers by 0.36
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
3.77
|
3.44
|
3.29
|
3.09
|
2.75
|
|
Peer Median
|
4.13
|
4.72
|
4.33
|
3.18
|
--
|
Operating Efficiency
Debtors to sales
20.84
Lower than Peers by 5.18
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
20.84
|
21.15
|
21.00
|
22.06
|
24.40
|
|
Peer Median
|
26.02
|
32.65
|
26.90
|
21.21
|
--
|
Asset Turnover
0.70
Higher than Peers by 0.08
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
0.70
|
0.69
|
0.72
|
0.67
|
0.57
|
|
Peer Median
|
0.62
|
0.71
|
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
32.55
Higher than Peers by 11.39
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
|
32.55
|
29.97
|
31.93
|
39.73
|
29.06
|
|
Peer Median
|
21.17
|
23.87
|
25.61
|
33.32
|
--
|
Price / Book Value
4.74
Higher than Peers by 2.50
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
|
4.74
|
4.42
|
4.94
|
6.05
|
3.42
|
|
Peer Median
|
2.24
|
2.30
|
2.91
|
3.63
|
--
|
Dividend Yield
0.97
Higher than Peers by 0.91
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
|
0.97
|
1.08
|
0.97
|
0.90
|
1.11
|
|
Peer Median
|
0.06
|
--
|
--
|
--
|
--
|
EV/EBITDA
14.89
--
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
|
14.89
|
13.65
|
15.64
|
18.20
|
13.24
|
|
Peer Median
|
--
|
13.72
|
16.68
|
17.42
|
--
|
Market Cap
5,40,027
Higher than Peers by 5,37,380
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Larsen & Toubro
|
5,40,027
|
4,82,070
|
4,80,090
|
5,18,797
|
3,04,254
|
|
Peer Median
|
2,648
|
1,972
|
2,809
|
3,110
|
--
|