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    Larsen & Toubro Limited

    Indian engineering, EPC and technology conglomerate across infrastructure, energy, IT services, finance and realty

    Construction
    Industrials
    View LT earnings calls
    ₹4,209.4
    +5.28% from avg

    Overview

    Price

    ₹4,209.4

    Market Cap

    ₹5.2L Cr

    Sector

    Construction

    Industrials

    Rank

    3

    Performance

    Explore LT

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital281281281281275275275275
    Reserves66.4k75.6k82.1k89.0k86.1k97.4k101.1k109.0k
    Borrowings143.2k134.6k125.5k120.7k116.3k132.4k134.0k125.5k
    Other Liabilities96.8k99.6k111.1k119.7k136.9k149.1k155.7k217.6k
    Total Liabilities306.7k310.1k319.0k329.7k339.6k379.1k391.1k452.4k
    AssetsFixed Assets43.7k44.3k42.9k42.6k43.0k44.1k45.4k30.9k
    CWIP3.3k5001.3k3.1k3.0k2.6k3.3k3.3k
    Investments20.0k39.6k39.4k44.8k45.6k54.8k55.2k68.4k
    Other Assets239.7k225.6k235.4k239.2k247.9k277.7k287.3k349.8k
    Total Assets306.7k310.1k319.0k329.7k339.6k379.1k391.1k452.4k

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    LT · CAPITAL_INTENSIVE

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