Stocktoria
Larsen & Toubro Limited LT.NS
Larsen & Toubro Limited statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹1,445.32); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Larsen & Toubro Limited trades at about 34.6× earnings — near its 10-year norm (10-year range 30.6×–38.3×, median 34.3×).
Shaded band = 10-year range (30.6×–38.3×); dot = today's 34.6×.
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 |
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.