Shares of Larsen & Toubro were trading at Rs 3,620.90 on the NSE, a decline of 0.21% from the previous close, at 9:30 am. The stock is part of the Nifty 50 index.
Financial Performance Overview
The following table presents a consolidated summary of Larsen & Toubro's financial performance across key metrics for the past five years:
| Financial Year | Revenue (Rs. Crore) | Net Profit (Rs. Crore) | EPS (Rs.) | BVPS (Rs.) | ROE (%) | Debt to Equity |
|---|---|---|---|---|---|---|
| 2021 | 135,979.03 | 4,668.96 | 82.49 | 625.97 | 15.26 | 1.73 |
| 2022 | 156,521.23 | 10,291.05 | 61.71 | 678.79 | 10.52 | 1.50 |
| 2023 | 183,340.70 | 12,624.87 | 74.51 | 736.87 | 11.72 | 1.33 |
| 2024 | 221,112.91 | 15,569.72 | 93.96 | 746.01 | 15.12 | 1.32 |
| 2025 | 255,734.45 | 17,687.39 | 109.36 | 710.12 | 15.39 | 1.33 |
Quarterly Performance Snapshot
The following table presents a snapshot of Larsen & Toubro's quarterly financial data:
| Quarter | Revenue (Rs. Crore) | Net Profit (Rs. Crore) | EPS (Rs.) |
|---|---|---|---|
| Jun 2024 | 55,119.82 | 3,440.11 | 20.26 |
| Sep 2024 | 61,554.58 | 4,112.81 | 24.69 |
| Dec 2024 | 64,667.78 | 4,001.03 | 24.43 |
| Mar 2025 | 74,392.28 | 6,133.44 | 39.98 |
| Jun 2025 | 63,678.92 | 4,325.57 | 26.30 |
Annual Income Statement Details
The following table provides the annual income statement data for Larsen & Toubro over the past five years:
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | 135,979 | 156,521 | 183,340 | 221,112 | 255,734 |
| Other Income | 3,429 | 2,267 | 2,929 | 4,158 | 4,124 |
| Total Income | 139,408 | 158,788 | 186,269 | 225,270 | 259,859 |
| Total Expenditure | 126,815 | 141,154 | 165,953 | 201,207 | 232,946 |
| EBIT | 12,593 | 17,633 | 20,316 | 24,062 | 26,913 |
| Interest | 3,913 | 3,125 | 3,207 | 3,545 | 3,334 |
| Tax | 4,010 | 4,216 | 4,484 | 4,947 | 5,891 |
| Net Profit | 4,668 | 10,291 | 12,624 | 15,569 | 17,687 |
The following table outlines the quarterly income statement for the company:
| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Sales | 55,119 | 61,554 | 64,667 | 74,392 | 63,678 |
| Other Income | 920 | 1,101 | 967 | 1,135 | 1,356 |
| Total Income | 56,040 | 62,655 | 65,635 | 75,527 | 65,035 |
| Total Expenditure | 50,502 | 56,216 | 59,459 | 66,767 | 58,394 |
| EBIT | 5,538 | 6,439 | 6,175 | 8,759 | 6,641 |
| Interest | 861 | 884 | 842 | 745 | 781 |
| Tax | 1,236 | 1,442 | 1,332 | 1,880 | 1,533 |
| Net Profit | 3,440 | 4,112 | 4,001 | 6,133 | 4,325 |
The following table summarizes the cash flow statement for the company:
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating Activities | 22,844 | 19,163 | 22,776 | 18,266 | 9,160 |
| Investing Activities | -5,428 | -3,667 | -8,311 | 2,163 | -15,517 |
| Financing Activities | -15,274 | -15,181 | -11,572 | -25,413 | 6,556 |
| Others | 0 | 82 | 263 | 15 | 28 |
| Net Cash Flow | 2,140 | 396 | 3,156 | -4,968 | 228 |
The following table provides key figures from the balance sheet:
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Share Capital | 1,404 | 496 | 281 | 274 | 275 |
| Reserves & Surplus | 75,204 | 81,755 | 88,577 | 85,533 | 97,380 |
| Current Liabilities | 137,408 | 159,433 | 162,065 | 176,600 | 201,970 |
| Other Liabilities | 97,257 | 78,363 | 79,427 | 77,217 | 79,897 |
| Total Liabilities | 311,273 | 320,048 | 330,352 | 339,627 | 379,524 |
| Fixed Assets | 36,752 | 36,509 | 37,907 | 38,207 | 38,295 |
| Current Assets | 194,966 | 208,181 | 222,204 | 218,079 | 245,341 |
| Other Assets | 79,554 | 75,358 | 70,240 | 83,339 | 95,886 |
| Total Assets | 311,273 | 320,048 | 330,352 | 339,627 | 379,524 |
| Contingent Liabilities | 21,540 | 23,020 | 19,620 | 21,246 | 28,086 |
The following table illustrates the progression of essential financial ratios for Larsen & Toubro:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 82.49 | 61.71 | 74.51 | 93.96 | 109.36 |
| Diluted EPS (Rs.) | 82.41 | 61.65 | 74.45 | 93.88 | 109.28 |
| Book Value / Share (Rs.) | 625.97 | 678.79 | 736.87 | 746.01 | 710.12 |
| Dividend/Share (Rs.) | 36.00 | 22.00 | 24.00 | 34.00 | 34.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 14.01 | 13.08 | 12.91 | 12.50 | 11.94 |
| Operating Margin (%) | 11.87 | 11.20 | 11.00 | 10.84 | 10.33 |
| Net Profit Margin (%) | 9.49 | 6.57 | 6.88 | 7.04 | 6.91 |
| Return on Networth / Equity (%) | 15.26 | 10.52 | 11.72 | 15.12 | 15.39 |
| ROCE (%) | 9.28 | 10.91 | 11.99 | 14.70 | 14.89 |
| Return On Assets (%) | 3.72 | 2.70 | 3.16 | 3.84 | 3.96 |
| Current Ratio (X) | 1.42 | 1.31 | 1.37 | 1.23 | 1.21 |
| Quick Ratio (X) | 1.38 | 1.27 | 1.33 | 1.20 | 1.18 |
| Debt to Equity (x) | 1.73 | 1.50 | 1.33 | 1.32 | 1.33 |
| Interest Coverage Ratios (X) | 4.13 | 6.55 | 7.38 | 7.80 | 9.17 |
| Asset Turnover Ratio (%) | 43.68 | 0.42 | 0.45 | 0.66 | 0.71 |
| Inventory Turnover Ratio (X) | 23.36 | 2.81 | 2.81 | 2.89 | 3.87 |
| 3 Yr CAGR Sales (%) | 6.59 | 7.59 | 12.27 | 27.52 | 27.82 |
| 3 Yr CAGR Net Profit (%) | -25.62 | 3.17 | 11.43 | 82.61 | 31.10 |
| P/E (x) | 17.20 | 28.64 | 29.05 | 40.06 | 31.93 |
| P/B (x) | 2.63 | 3.01 | 3.41 | 6.01 | 4.92 |
| EV/EBITDA (x) | 17.20 | 17.86 | 17.50 | 22.92 | 19.78 |
| P/S (x) | 1.47 | 1.59 | 1.66 | 2.35 | 1.88 |
Larsen & Toubro announced a final dividend of Rs 34 per share (1700%) on May 8, 2025. The ex-date for this dividend is August 7, 2025, aligning with today's date in the absence of a specified record date. The company previously issued bonus shares on May 29, 2017, with an existing ratio of 2:1 and an ex-bonus date of July 13, 2017.
Shares of Larsen & Toubro were trading at Rs 3,620.90 on the NSE, a decline of 0.21% from the previous close, at 9:30 am.
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