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Larsen & Toubro Ltd
BSE:500510

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Larsen & Toubro Ltd
BSE:500510
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Price: 4 054 INR 0.79% Market Closed
Market Cap: ₹5.6T

EV/EBITDA

20.4
Current
2%
More Expensive
vs 3-y average of 20.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.4
=
Enterprise Value
₹6.3T
/
EBITDA
₹287.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.4
=
Enterprise Value
₹6.3T
/
EBITDA
₹287.2B

Valuation Scenarios

Larsen & Toubro Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (20.1), the stock would be worth ₹3 988.94 (2% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-40%
Maximum Upside
No Upside Scenarios
Average Downside
16%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 20.4 ₹4 054
0%
3-Year Average 20.1 ₹3 988.94
-2%
5-Year Average 18.5 ₹3 675.09
-9%
Industry Average 12.2 ₹2 433.23
-40%
Country Average 17.7 ₹3 509.6
-13%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹6.3T
/
Jan 2026
₹287.2B
=
20.4
Current
₹6.3T
/
Mar 2026
₹315.1B
=
19.8
Forward
₹6.3T
/
Mar 2027
₹368.3B
=
17
Forward
₹6.3T
/
Mar 2028
₹429.3B
=
14.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Larsen & Toubro Ltd
BSE:500510
5.6T INR 20.4 33.9
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 10.9 19.9
US
Quanta Services Inc
NYSE:PWR
94.7B USD 40.6 92.3
FR
Vinci SA
PAR:DG
72.9B EUR 6.5 14.5
US
Comfort Systems USA Inc
NYSE:FIX
62.4B USD 42.2 61
IN
Larsen and Toubro Ltd
F:LTO
46.8B EUR 18.6 30.8
NL
Ferrovial SE
AEX:FER
43.2B EUR 34.1 48.7
ES
Ferrovial SA
MAD:FER
43.3B EUR 33.6 48.1
DE
Hochtief AG
XETRA:HOT
35.2B EUR 12.7 38.1
US
EMCOR Group Inc
NYSE:EME
38.9B USD 21.5 30.5
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
32.3B EUR 18 34.1

Market Distribution

In line with most companies in India
Percentile
57th
Based on 2 785 companies
57th percentile
20.6
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Larsen & Toubro Ltd
Glance View

In the vibrant tapestry of India's industrial landscape, Larsen & Toubro Ltd. (L&T) has woven itself as a cornerstone, bearing witness to and actively participating in the nation’s growth. Founded by two Danish engineers in 1938, the company initially focused on engineering and construction. Over the decades, it has evolved into one of the largest and most respected conglomerates in India, spanning across diverse sectors. Headquartered in Mumbai, L&T operates with a strategic blend of innovation and resourcefulness, driven by its pillars of Engineering, Construction, Manufacturing, and Technology. The company manages to fuse traditional values with cutting-edge practices, nurturing major infrastructure projects that include roads, bridges, metros, and airports, thereby shaping the physical backdrop of India’s future. L&T's prowess is accentuated through its integrated business model, combining domain expertise with a vast geographical reach that extends well beyond India’s borders, into the Middle East and beyond. The company's financial health is fortified by its multi-disciplinary operations: construction and project execution drive a substantial revenue stream, while its foray into high-margin sectors such as technology services and financial services further bolster profitability. With a commitment to sustainability and innovation, L&T leverages its extensive R&D capabilities to stay ahead of the curve in a competitive market. The company’s manufacturing division, particularly in heavy engineering, supplies equipment for critical sectors like defense, nuclear power, and aerospace, thus making significant contributions to national capabilities and self-reliance. Thus, L&T stands not just as a business entity, but as a monumental force that underscores and accelerates the progress of an ambitious nation.

LT Intrinsic Value
3 968.39 INR
Overvaluation 2%
Intrinsic Value
Price ₹4 054
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