Stocktoria
Larsen & Toubro Limited LT.NS
IN · National Stock Exchange of India · XNSE · stock · Industrials · website
Larsen & Toubro Limited statistics & valuation
Market cap$5.69T
P / E35.4×
P / S2.0×
P / B5.2×
P / FCF47.7×
Dividend yield0.82%
Net margin5.7%
Return on equity14.7%
FCF margin4.2%
Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
Larsen & Toubro Limited trades at about 35.5× earnings — near its 10-year norm (10-year range 30.6×–38.3×, median 34.3×).
30.6×
38.3×
Shaded band = 10-year range (30.6×–38.3×); dot = today's 35.5×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 32.1% | 32.7% | 33.3% | 35.8% |
| Operating margin | 9.5% | 10.4% | 9.9% | 10.7% |
| Net margin | 5.7% | 5.9% | 6.0% | 5.8% |
| FCF margin | 4.2% | 1.9% | 6.3% | 10.3% |
| Return on assets | 3.6% | 4.0% | 3.8% | 3.2% |
| Return on equity | 14.7% | 15.4% | 15.1% | 11.7% |
| Debt / equity | 0.58× | 0.59× | 0.65× | 0.69× |
| Current ratio | 1.25 | 1.21 | 1.23 | 1.37 |
Source: company filings via Yahoo Finance · IN · as of 2026-03-31. Figures in INR; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.