Valuation Larsen & Toubro Limited

Equities

Delayed Bombay S.E. Other stock markets 09:31:53 21/05/2026 BST			5-day change	1st Jan Change
3,922.75 ^INR	+0.27%		-0.37%	-3.84%

05-14	Larsen and Toubro partners with France-based Exail for Indian Navy's unmanned mine countermeasure suite	RE
05-13	Larsen & Toubro Bags Orders to Set Up Substations in Middle East	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Capitalization ¹	2,483,319	3,041,966	5,187,683	4,800,863	4,819,974	5,381,679	-	-
Change	-	22.5%	70.54%	-7.46%	0.4%	11.65%	-	-
Enterprise Value (EV) ¹	3,250,943	3,041,966	5,911,510	5,866,803	4,819,974	6,311,392	6,309,051	6,324,417
Change	-	-6.43%	94.33%	-0.76%	-17.84%	30.94%	-0.04%	0.24%
P/E ratio	28.7x	29.1x	40.2x	31.9x	30x	25.8x	21.5x	18.7x
PBR	3.01x	-	6.01x	4.92x	-	4.34x	3.79x	3.37x
PEG	-	1.4x	1.5x	1.9x	4.31x	0.9x	1.1x	1.2x
Capitalization / Revenue	1.59x	1.66x	2.35x	1.88x	1.69x	1.66x	1.43x	1.27x
EV / Revenue	2.08x	1.66x	2.67x	2.29x	1.69x	1.95x	1.68x	1.5x
EV / EBITDA	17.8x	14.7x	25.2x	22.2x	16.5x	18.9x	15.9x	14.2x
EV / EBIT	21.3x	17.6x	29.8x	26.3x	19.4x	21.7x	18x	15.8x
EV / FCF	20.3x	16x	42.1x	124x	-	30.7x	23.8x	-196x
FCF Yield	4.94%	6.24%	2.38%	0.81%	-	3.26%	4.2%	-0.51%
Dividend per Share ²	22	24	28	34	-	46.27	52.34	55.94
Rate of return	1.24%	1.11%	0.74%	0.97%	-	1.18%	1.34%	1.43%
EPS ²	61.65	74.45	93.88	109.3	116.9	151.6	181.7	209.5
Distribution rate	35.7%	32.2%	29.8%	31.1%	-	30.5%	28.8%	26.7%
Net sales ¹	1,565,212	1,833,407	2,211,129	2,557,344	2,858,744	3,243,304	3,759,102	4,226,738
EBITDA ¹	182,173	207,533	234,940	264,347	291,510	334,310	396,442	444,586
EBIT ¹	152,694	172,510	198,113	223,136	247,864	291,214	350,138	400,460
Net income ¹	86,693	104,707	130,591	150,371	160,840	206,021	249,025	292,810
Net Debt ¹	767,624	-	723,827	1,065,940	-	929,713	927,371	942,738
Reference price ²	1,767.45	2,164.75	3,774.10	3,491.00	3,504.30	3,912.15	3,912.15	3,912.15
Nbr of stocks (in thousands)	1,405,029	1,405,227	1,374,548	1,375,212	1,375,446	1,375,632	-	-
Announcement Date	12/05/22	10/05/23	08/05/24	08/05/25	05/05/26	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
LARSEN & TOUBRO LIMITED	25.81x	1.95x	18.88x	1.18%	55.72B
QUANTA SERVICES, INC.	73.29x	3.16x	30.9x	0.06%	107B
VINCI	13.78x	1.13x	6.23x	4.27%	79.82B
COMFORT SYSTEMS USA, INC.	42.76x	5.28x	29.4x	0.16%	64.51B
FERROVIAL N.V.	56.08x	4.74x	30.45x	1.48%	48.46B
HOCHTIEF AG	35.41x	0.84x	13.65x	1.81%	42.12B
EMCOR GROUP, INC.	29.26x	1.9x	18.38x	0.17%	37.91B
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A.	30.41x	0.6x	9.61x	1.99%	38.15B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	5.23x	0.3x	7.3x	5.58%	29.4B
BOUYGUES SA	15.89x	0.42x	4.66x	4.27%	22.57B
Average	32.79x	2.03x	16.95x	2.1%	52.52B
Weighted average by Cap.	38.26x	2.39x	19.37x	1.74%