Larsen & Toubro (LT) Stock Price, Fundamentals & Analysis

What LT does

Larsen & Toubro (LT) is a large-cap stock listed on the National Stock Exchange of India and part of the Nifty 50. It operates in the Industrials sector, specifically Engineering & Construction, carrying out engineering, procurement, and construction (EPC) projects across India and internationally. The company works through four segments: Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, and Others. Infrastructure covers buildings, factories, transportation, power transmission & distribution, renewables, water treatment, and minerals. Energy provides EPC solutions in clean energy, oil & gas, refineries, petrochemicals, and offshore wind, along with CarbonLite power generation and carbon capture packages.

Key numbers explained

• 3,876.2 INR is the current share price; the +0.46% change today shows modest intraday movement.
• The trailing P/E ratio of 32.2 compares the price to the last 12 months of earnings (120.55 INR per share); a higher P/E can reflect growth expectations.
• The forward P/E ratio of 21.5 uses expected future earnings, often seen as a more forward-looking valuation than the trailing P/E.
• 0.98% is the dividend yield, meaning the annual dividend is roughly 0.98% of the share price; the ex-dividend date is May 22, 2026, and 32% of earnings are paid out as dividends.
• 5.33T INR is the market capitalisation, the total value of all outstanding shares.
• The beta of 0.51 suggests the stock tends to be less volatile than the overall market.
• 5.6% is the profit margin, showing how much of each rupee of revenue becomes profit; 10.6% is the operating margin, reflecting profitability from core operations before interest and taxes.
• 97.6% is the debt-to-equity ratio, indicating the company uses nearly as much debt as equity to finance its assets.

What to watch

• Revenue growth of 8.1% year over year and 2.97T INR in trailing 12-month revenue show the scale and top-line momentum of the business.
• The 52-week price range of 3,288.1 – 4,440 INR and a 4.6% price change over the last 52 weeks illustrate the stock's recent trading band and modest longer-term move.
• The upcoming earnings release on Oct 28, 2026 is a key date for fresh financial results and guidance.
• LT is a major holding in the Nifty 50, so its moves can influence the index and vice versa.
• As a large Engineering & Construction firm, LT is sensitive to infrastructure spending, commodity prices, and project execution risks.