Larsen & Toubro Limited
LT
Rank in Stocks
#436
Larsen & Toubro Limited engages in engineering, procurement, and construction... Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems for defense, security, space, and industrial sectors; and electrolysers. The IT & Technology Services segment offers information technology and integrated engineering services, e-commerce/digital platforms and data centers, and semiconductor chip design solutions. The Financial Services segment provides retail finance. The Development Projects segment develops, operates, and maintains metro project comprising transit-oriented development, toll roads, power generation and development, thermal power, and green energy. The Others segment engages in realty, manufacture and sale of industrial valves; marketing and servicing of construction equipment, mining machinery and parts, and processing machinery. Larsen & Toubro Limited has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. Larsen & Toubro Limited was founded in 1938 and is headquartered in Mumbai, India.
Share Price
$40.30
Market Cap
$55.45B
Change (1 day)
0.23%
Change (1 year)
-7.60%
Country
IN
Trade Larsen & Toubro Limited (LT)
Category
Industrials
P/E ratio for Larsen & Toubro Limited (LT)
P/E ratio as of October 2026 TTM: 28.00
According to Larsen & Toubro Limited latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.00. At the end of 2024 the company had a P/E ratio of 40.85.
P/E ratio history for Larsen & Toubro Limited from 2002 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 28.00 | -13.77% |
| 2025 | 32.47 | -20.49% |
| 2024 | 40.85 | 62.93% |
| 2023 | 25.07 | 1.41% |
| 2022 | 24.72 | 66.50% |
| 2021 | 14.85 | 43.94% |
| 2020 | 10.32 | -53.61% |
| 2019 | 22.23 | -12.42% |
| 2018 | 25.39 | 4.46% |
| 2017 | 24.31 | 9.26% |
| 2016 | 22.25 | -33.60% |
| 2015 | 33.50 | 39.54% |
| 2014 | 24.01 | 45.80% |
| 2013 | 16.47 | -2.65% |
| 2012 | 16.92 | -25.88% |
| 2011 | 22.83 | 25.25% |
| 2010 | 18.22 | 74.32% |
| 2009 | 10.45 | -72.15% |
| 2008 | 37.54 | 85.80% |
| 2007 | 20.20 | -17.79% |
| 2006 | 24.58 | 103.58% |
| 2005 | 12.07 | -55.00% |
| 2004 | 26.82 | 152.77% |
| 2003 | 10.61 | -18.67% |
| 2002 | 13.05 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 74.72 | 166.87% |
US
|
|
| 11.67 | -58.33% |
FR
|
|
| 37.88 | 35.29% |
US
|
|
| - | - |
NL
|
|
| 31.14 | 11.23% |
DE
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.