Larsen & Toubro share price
NSE: LTBSE: 500510ConstructionLarge Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹3,638.30.
- Next results date: the board meets on 27 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹5,01,789 Cr8th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 28 Jul 2026
- 30.2
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹1,722 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 27.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 5 May 2026
- 4.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.04%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 28 Jul 2026
- 16.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹1,722 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 17.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 28 Jul 2026
- 9.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 5 May 2026
- 0.95
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 20,21,97357.2% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter. Net profit is left blank for Mar 2025: the profit stated for the year is its quarters' profit belonging to the company's shareholders added up, which leaves out the other owners' share those quarters state, so the group's profit is not stated.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 28 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹67,942 Crdown 17.91%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,988 Crdown 18.67%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 7.3%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2021, the company reports a discontinued business.
| ₹ crore | Sep 2024Filed 31 Oct | Dec 2024Filed 31 Jan | Mar 2025Filed 9 May | Jun 2025Filed 29 Jul | Sep 2025Filed 29 Oct | Dec 2025Filed 28 Jan | Mar 2026Filed 5 May | Jun 2026Filed 28 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 |
| Net profit | 4,099 | 3,974 | – | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 6.7% | 6.1% | – | 6.8% | 6.9% | 5.4% | 7.4% | 7.3% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Infrastructure ProjectsInfrastructure Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,35,345 Crup 3.07%46.8%
- Energy ProjectsEnergy Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹54,889 Crup 34.90%19.0%
- IT & Technology ServicesIT & Technology Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹53,947 Crup 11.34%18.7%
- Financial ServicesFinancial Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹17,283 Crup 13.75%6.0%
- Hi-Tech ManufacturingHi-Tech Manufacturing, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹14,489 Crup 42.31%5.0%
- Development ProjectsDevelopment Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,119 Crdown 4.73%1.8%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹7,978 Crup 2.07%2.8%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 35% of 2,168 trading days over the last 10 years.
At or below today's level on 62% of 1,976 trading days since Nov 2018.
At or below today's level on 35% of 995 trading days over the last 5 years.
At or below today's level on 46% of 2,471 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +1.4% | +6.9% | −6.2% | 1.1% |
| 3 years | +18.4% | +16.2% | +1.0% | 0.9% |
| 5 years | +20.9% | +7.2% | +11.7% | 1.1% |
Mutual funds holding it
596 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 190 of the 282 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 139
- CutCut. Funds that held fewer shares than at the end of the month before.
- 143
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 304
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 9
| Fund | |||
|---|---|---|---|
 SBI Nifty 50 ETFSBI Mutual Fund | 2,27,01,787 | 4.20% | ₹8,535.9 Cr |
| SBI BSE Sensex ETFSBI Mutual Fund | 1,57,14,504 | 5.11% | ₹5,901.0 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 88,78,007 | 3.08% | ₹3,338.1 Cr |
 UTI Nifty 50 ETFUTI Mutual Fund | 77,85,499 | 4.20% | ₹2,927.3 Cr |
 ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 77,51,556 | 3.82% | ₹2,914.6 Cr |
| SBI Large Cap FundSBI Mutual Fund | 74,00,000 | 5.31% | ₹2,782.4 Cr |
| UTI BSE Sensex ETFUTI Mutual Fund | 74,04,848 | 5.11% | ₹2,780.6 Cr |
 Nippon India ETF Nifty 50 BeESNippon India Mutual Fund | 72,87,963 | 4.20% | ₹2,740.3 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 68,79,083 | 2.52% | ₹2,586.5 Cr |
| SBI Aggressive Hybrid FundSBI Mutual Fund | 51,53,000 | 2.25% | ₹1,937.5 Cr |
Peers and competitors
Civil Construction, 169 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Larsen & Toubro in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Rail Vikas NigamRVNL | 37,803 | 42.0 | 3.8 | 46.8 | +5.4% | −24.5% | 9.3% | 5.8% | 0.94% |
 Kalpataru Projects InternationalKPIL | 22,057 | 19.4 | 2.8 | 10.3 | +14.6% | +60.9% | 15.9% | 15.9% | 0.85% |
 IRB Infrastructure DevelopersIRB | 19,615 | 20.6 | – | – | −2.2% | −85.4% | 4.7% | 7.3% | 1.05% |
 NBCC (India)NBCC | 18,333 | 24.7 | 6.1 | 18.0 | +3.5% | +30.6% | 27.0% | 20.0% | 1.38% |
 Engineers IndiaENGINERSIN | 13,630 | 17.4 | 4.3 | 16.3 | +16.3% | +41.6% | 27.0% | 22.5% | 2.06% |
 Techno Electric & Engineering CompanyTECHNOE | 9,590 | 22.2 | 2.3 | 20.3 | +38.7% | −6.5% | 10.9% | 10.6% | 0.85% |
 Ircon InternationalIRCON | 9,181 | 17.5 | 1.4 | 13.0 | −9.9% | −21.6% | 8.1% | 4.9% | 1.95% |
 RITESRITES | 9,103 | 21.8 | 3.4 | 11.1 | +10.6% | +7.9% | 15.7% | 17.4% | 4.25% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹38.00 |
| 3 Jun 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹34.00 |
| 20 Jun 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹28.00 |
| 2 Aug 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹24.00 |
| 2 Aug 2023 | Special | ₹6.00 |
| 21 Jul 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹22.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
21 Oct · Business
19 Oct · Business
16 Oct · Analysts
7 Oct · Management
7 Oct · Business
Larsen & Toubro share price by year
Each calendar year to 2025.Larsen & Toubro share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,083.50 | +13.2% | 4,092.30 | 3,054.15 |
| 2024 | 3,607.65 | +2.3% | 3,947.30 | 3,271.45 |
| 2023 | 3,526.00 | +69.0% | 3,544.00 | 2,070.55 |
| 2022 | 2,085.80 | +10.0% | 2,195.45 | 1,471.80 |
| 2021 | 1,895.90 | +47.2% | 1,959.95 | 1,297.00 |
| 2020 | 1,287.60 | −0.8% | 1,370.20 | 707.90 |
| 2019 | 1,298.20 | −9.7% | 1,596.00 | 1,216.65 |
| 2018 | 1,437.55 | +14.2% | 1,455.60 | 1,197.45 |
| 2017 | 1,258.25 | +39.9% | 1,269.70 | 906.40 |
| 2016 | 899.40 | +5.8% | 1,068.10 | 702.43 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 3,655.00 | 3,663.90 | 3,596.80 | 3,647.00 | 3,625.83 | 20,21,973 | 57.2% |
| 22 Oct 2026 | 3,620.00 | 3,689.90 | 3,595.00 | 3,638.30 | 3,651.69 | 26,68,020 | 43.0% |
| 21 Oct 2026 | 3,679.00 | 3,702.60 | 3,617.00 | 3,636.00 | 3,649.61 | 19,02,623 | 59.9% |
| 19 Oct 2026 | 3,649.00 | 3,687.70 | 3,632.00 | 3,661.90 | 3,658.56 | 23,31,147 | 37.9% |
| 16 Oct 2026 | 3,645.00 | 3,670.00 | 3,608.00 | 3,627.10 | 3,643.48 | 18,75,108 | 61.2% |
| 15 Oct 2026 | 3,625.00 | 3,681.90 | 3,605.70 | 3,632.00 | 3,654.84 | 24,52,067 | 55.3% |
| 14 Oct 2026 | 3,674.00 | 3,674.00 | 3,606.00 | 3,642.00 | 3,634.20 | 18,26,165 | 56.8% |
| 13 Oct 2026 | 3,627.50 | 3,678.00 | 3,592.90 | 3,675.00 | 3,641.95 | 22,54,840 | 61.4% |
| 12 Oct 2026 | 3,725.00 | 3,738.40 | 3,611.00 | 3,627.50 | 3,648.04 | 11,77,475 | 53.4% |
| 9 Oct 2026 | 3,648.00 | 3,709.20 | 3,627.20 | 3,703.30 | 3,686.40 | 13,39,156 | 61.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 13 Jul 2017 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 11 Jul 2013 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 1 Oct 2008 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
About Larsen & Toubro
Larsen & Toubro Limited (L&T) is an Indian company that executes large-scale, complex projects and manufactures engineered equipment. It was incorporated in 1946. Its registered office is in Mumbai. Alongside its project and manufacturing businesses, it has technology services, financial services and real estate businesses.
Its infrastructure work covers buildings and factories, transport infrastructure, heavy civil works, power transmission and distribution, water and effluent treatment, and minerals and metals. Its energy work covers onshore and offshore hydrocarbon (oil and gas) projects, offshore wind and thermal power plants. Its manufacturing work covers equipment for process industries, including nuclear, and precision engineering and systems for defence and aerospace.
Its group companies include LTM Limited, which provides IT services, and L&T Technology Services, which provides engineering research and development services. L&T Semiconductor Technologies Limited, set up in November 2023, designs semiconductor chips. L&T Finance Limited, a non-banking financial company, offers retail loans and serves over 2.8 crore customers across India. At March 2026 the L&T Group comprised 90 subsidiaries, 5 associate companies, 9 joint ventures and 35 jointly held operations.
The Gulf Cooperation Council countries are a major market, with about 100 project sites there. The power transmission and distribution business serves utilities, energy developers and industrial and infrastructure customers across 30 countries. Three companies have merged with L&T: L&T Shipbuilding Limited, L&T Hydrocarbon Engineering Limited and L&T Energy Hydrocarbon Engineering Limited. L&T Finance acquired the gold loan business of Paul Merchants Finance Private Limited. The group has signed agreements to sell Nabha Power Limited and L&T Metro Rail (Hyderabad) Limited.
- Legal name
- Larsen & Toubro Limited
- NSE symbol
- LT
- BSE code
- 500510
- ISIN
- INE018A01030
- Industry
- Construction
- Listed
- Apr 1965 on BSE, Jun 2004 on NSE
- Face value
- ₹2
- CIN
- L99999MH1946PLC004768
- Corporate identity number, the registrar of companies' code for it