Larsen & Toubro stock
LT.NSNSELarsen & Toubro Limited, IndustrialsISIN INE018A01030
63Score 63 out of 100, Neutral
Price and trend
59 / 100
Price history
+5.2% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 5.6% above it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Overheated: the price has risen very quickly lately (RSI 88).
The price is 5.9% below its 52-week high. Largest decline in 20 years: 75% (November 2007 to March 2009).
Chart figures for advanced users
- SMA 50$40.88
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$41.87
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)88
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$35.53
- The lowest closing price of the last twelve months.
- Resistance$46.96
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Larsen & Toubro Limited belongs to the Engineering & Construction industry (India) and, with a market value of $60.82B, is number 3 of 108 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $30.39B (up 10% year on year) and earnings of $1.71B (up 7%).
- For fiscal 2027, analysts expect on average revenue of $33.73B (up 11%) and adjusted earnings per share of $1.59 (up 27.3%).
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- MEQIRI Score 63 out of 100 (Neutral): rank 455 of 1018 in Industrials, median 61.
- The P/E is 32 (Engineering & Construction median 12.6, own median of recent years 24.9).
- Our model puts fair value at $23.13, with the price 91% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 15.5% a year since 2021, Engineering & Construction median 7.5%.Growth 65
- Consistently profitableProfit in all 10 fiscal years from 2017 to 2026.Fundamentals 71
- Reliable dividendNo dividend cut for 10 years.Capital allocation 78
Weaknesses
- Above fair valuePrice 91% above the fair value of $23.13.Valuation 32
- Richly valuedP/E 32, Engineering & Construction median 12.6, own median 24.9.Valuation 32
- DilutionShare count up 13% since 2021.
Its standout strengths are capital allocation and fundamentals, while valuation holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $17.79 and expensive above $33.05 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $28.82 (cash-flow model) and $17.44 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 15.2%. At 16.2% the fair value would be $21.48, at 14.2% it would be $25.25.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (12.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 9.8% on the twelve months before. Revenue has grown strongly since 2007, at around 15% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 13%, operating 9%, net 6%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 3 Feb 2027in 82 days
- Last reported
- 26 Oct 2026EPS reported $0.40 (expected $0.35)above expectations
Analyst estimates
Earnings estimates have barely changed since 27 Oct 2026.
- Earnings per share
- $1.59+2.4%
- Revenue
- $33.73B−0.3%
- Earnings per share
- $1.91+0.6%
- Revenue
- $39.4B−0.5%
MEQIRI has stored the estimates since 27 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +3.3%L&T confirms guidance for order inflow 10-12%, revenue growth 10-12% and EBITDA margin 7.8% for FY2027, while net working capital is now expected to close below 10% instead of at 10%.
“Given the strength of the opportunity pipeline across the key sectors, we are confident of achieving our order inflow guidance of 10%-12% for FY 2027.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 27 Oct 2026 (fiscal Q2 2027), read by AI.
What happened at Larsen & Toubro
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
1018 rated companies in Industrials
- This company
- 63
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Engineering & Construction
The next larger and next smaller companies by market value
- Quanta ServicesPWR $91.33B66
- VinciDG.PA $70.22B68
- FerrovialFER $44.11B57
- Comfort Systems USAFIX $39.7B76
- Samsung C&T028260.KS $34.58B53
- HochtiefHOT.DE $31.9B65
- EMCOR GroupEME $29.02B74
- China State Construction Engineering601668.SS $28.44B50
ETFs that hold Larsen & Toubro
Held by 8 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI India UCITS ETFQDV5 | 2.04% | 0.65% | €4.98B |
| iShares MSCI EM UCITS ETF USD (Dist)IQQE | 0.27% | 0.18% | €8.51B |
| Amundi Core MSCI Emerging Markets UCITS ETF EUR DistAEMD | 0.27% | 0.18% | €9.52B |
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| iShares Core MSCI EM IMI UCITS ETFIS3N | 0.21% | 0.18% | €37.98B |
| iShares MSCI EM Asia UCITS ETFCEBL | 0.19% | 0.20% | €7.14B |
| Amundi Prime All Country World UCITS ETF AccWEBN | 0.03% | 0.07% | €8.95B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Jul 2017)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.