About Larsen & Toubro Limited (LT)
Larsen & Toubro Limited is a Engineering & Construction company operating in the Industrials sector. The company is headquartered in Mumbai, India. LT has been publicly traded since 2002, giving it 24+ years of trading history.
Larsen & Toubro Limited (LT) has been publicly traded since 2002, making it a 24-year-old public company. It operates in the Engineering & Construction industry within the Industrials sector. The company is headquartered in Mumbai, India and employs approximately 54,596 people. With a market capitalization of $4.7 trillion, LT is one of the largest publicly traded companies.
LT trades on the Indian stock exchanges (NSE/BSE) and is classified as a mega-cap-cap stock with a market capitalization of approximately $4.7 trillion. The company employs approximately 54,596 people worldwide.
Key Statistics
- Current Price
- ₹3,439.00
- Market Cap
- ₹4.73T
- 52-Week High
- ₹4,440.00
- 52-Week Low
- ₹2,965.30
- Sector
- Industrials
- Industry
- Engineering & Construction
LT Investment Performance
LT has declined 15.8% year-to-date in 2026. Over the past 5 years, a $1,000 investment in LT would have grown to $2,314, representing a 131.3% total return. Since its IPO in 2002, a $1,000 investment would now be worth $114,283.
₹1,000 Invested in Larsen & Toubro Limited (LT)
How much would ₹1,000 invested in LT be worth today?
What would ₹1,000 invested in LT 1 year ago be worth today?
A ₹1,000 investment in Larsen & Toubro Limited (LT) in 2025 would be worth ₹1,070 as of May 2026, representing a +7.0% total return.
What would ₹1,000 invested in LT 3 years ago be worth today?
A ₹1,000 investment in Larsen & Toubro Limited (LT) in 2023 would be worth ₹1,590 as of May 2026, representing a +59.0% total return.
What would ₹1,000 invested in LT 5 years ago be worth today?
A ₹1,000 investment in Larsen & Toubro Limited (LT) in 2021 would be worth ₹2,314 as of May 2026, representing a +131.3% total return.
What would ₹1,000 invested in LT 10 years ago be worth today?
A ₹1,000 investment in Larsen & Toubro Limited (LT) in 2016 would be worth ₹4,678 as of May 2026, representing a +367.8% total return.
What would ₹1,000 invested in LT at IPO be worth today?
A ₹1,000 investment in Larsen & Toubro Limited (LT) at IPO would be worth ₹114,283 as of May 2026, representing a +11328.3% total return.
Monthly Returns Heatmap
Over the past 23+ years (284 months), Larsen & Toubro Limited (LT) has averaged a monthly return of +2.36% with a median return of +1.60%. The stock had 162 positive months (57%) and 122 negative months (43%). The best month in LT's history was May 2009 with a +59.5% return, while the worst was May 2004 at -55.8%. Historically, October tends to be the strongest month (averaging +4.7%), and January the weakest (-0.3%).
LT's longest winning streak was 6 consecutive months of gains, while its longest losing streak was 7 consecutive months of losses. The best full year was 2007 with a cumulative return of +121.7%, and the worst was 2008 at -82.1%.
Annual Returns
Over 24 years of trading history, Larsen & Toubro Limited (LT) has delivered an average annual return of +33.08% with a median return of +14.98%. The compound annual growth rate (CAGR) is +21.03%. The stock posted gains in 18 years (75%) and losses in 6 years (25%).
LT's best year was 2007 with a +190.91% gain, while the worst was 2008 at -62.66%. The longest streak of consecutive positive years was 6, and the longest losing streak was 1 years. LT achieved double-digit gains (10%+) in 14 years. It suffered double-digit losses in 4 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | -15.78% | ₹4,083.50 | ₹3,439.00 |
| 2025 | +14.25% | ₹3,574.31 | ₹4,083.50 |
| 2024 | +3.12% | ₹3,466.17 | ₹3,574.31 |
| 2023 | +70.97% | ₹2,027.34 | ₹3,466.17 |
| 2022 | +11.43% | ₹1,819.46 | ₹2,027.34 |
| 2021 | +48.91% | ₹1,221.86 | ₹1,819.46 |
| 2020 | +3.41% | ₹1,181.51 | ₹1,221.86 |
| 2019 | -8.53% | ₹1,291.63 | ₹1,181.51 |
| 2018 | +15.71% | ₹1,116.28 | ₹1,291.63 |
| 2017 | +43.34% | ₹778.75 | ₹1,116.28 |
| 2016 | +7.08% | ₹727.30 | ₹778.75 |
| 2015 | -13.79% | ₹843.65 | ₹727.30 |
| 2014 | +41.00% | ₹598.32 | ₹843.65 |
| 2013 | +1.46% | ₹589.72 | ₹598.32 |
| 2012 | +63.45% | ₹360.79 | ₹589.72 |
| 2011 | -49.29% | ₹711.53 | ₹360.79 |
| 2010 | +18.81% | ₹598.88 | ₹711.53 |
| 2009 | +118.44% | ₹274.16 | ₹598.88 |
| 2008 | -62.66% | ₹734.18 | ₹274.16 |
| 2007 | +190.91% | ₹252.37 | ₹734.18 |
| 2006 | +58.22% | ₹159.50 | ₹252.37 |
| 2005 | +89.88% | ₹84.00 | ₹159.50 |
| 2004 | -3.65% | ₹87.19 | ₹84.00 |
| 2003 | +147.16% | ₹35.27 | ₹87.19 |
LT Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating Larsen & Toubro Limited as an investment
Valuation
LT currently trades at a trailing P/E ratio of 26.9, which is considered high relative to the broader market. The forward P/E of 21.5 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 4.7. The price-to-sales ratio is 1.7.
Dividends
Larsen & Toubro Limited pays a dividend to shareholders with a current yield of 0.99%. This translates to $34.00 per share annually. The payout ratio of 27% indicates sustainable dividend coverage.
Risk & Volatility
LT has a beta of 0.27, indicating it is less volatile than the overall market. The stock's 52-week range is $2965.30 to $4440.00, and it currently trades in the lower half of its 52-week range.
Analyst Ratings
Based on 30 analyst opinions, LT has a consensus "buy" rating. The average price target of $4580.70 suggests 33.2% upside from current levels.
Frequently Asked Questions: LT
What sector is LT in? ▼
LT operates in the Industrials sector, specifically in the Engineering & Construction industry.
How has LT performed historically? ▼
Over 24 years of trading history, LT has posted gains in 18 years (75% of the time). The best year was 2007 with a +190.9% return. Past performance does not guarantee future results.
How can I invest in LT? ▼
You can invest in LT through any brokerage account that offers access to Indian exchanges. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold LT.
Does LT pay dividends? ▼
Larsen & Toubro Limited pays a dividend to shareholders with a current yield of 0.99%. This translates to $34.00 per share annually. The payout ratio of 27% indicates sustainable dividend coverage.
What does Larsen & Toubro Limited do? ▼
Larsen & Toubro Limited is a Engineering & Construction company operating in the Industrials sector. The company is headquartered in Mumbai, India.
What sector is LT in? ▼
LT operates in the Industrials sector, specifically in the Engineering & Construction industry.
When did LT go public? ▼
Larsen & Toubro Limited went public in 2002, making it a 24-year-old public company as of 2026.
How much would $1,000 invested in LT 5 years ago be worth today? ▼
A $1,000 investment in LT five years ago would be worth approximately $2,314 today, representing a 131.3% return.
Does LT pay dividends? ▼
Yes, Larsen & Toubro Limited pays a dividend with a current yield of 0.99%, which is $34.0 per share annually.
What is LT's market cap? ▼
Larsen & Toubro Limited has a market capitalization of $4.7 trillion, classifying it as a mega-cap company.
What is LT's P/E ratio? ▼
LT has a trailing P/E ratio of 26.9 and a forward P/E of 21.5, which measures how much investors are paying per dollar of earnings.
Is LT a buy, hold, or sell? ▼
Based on 30 opinions, LT has a consensus "buy" rating. The average price target is $4580.7.
Last updated: 3/14/2026