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Larsen & Toubro Ltd
BSE:500510

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Larsen & Toubro Ltd
BSE:500510
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Price: 4 012.65 INR -2.03% Market Closed
Market Cap: ₹5.5T

P/S

2
Current
1%
More Expensive
vs 3-y average of 2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
₹5.9T
/
Revenue
₹2.8T

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
₹5.9T
/
Revenue
₹2.8T

Valuation Scenarios

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

If P/S returns to its 3-Year Average (2), the stock would be worth ₹3 958.35 (1% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-25%
Maximum Upside
+32%
Average Downside
1%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2 ₹4 012.65
0%
3-Year Average 2 ₹3 958.35
-1%
5-Year Average 1.8 ₹3 605.41
-10%
Industry Average 1.5 ₹3 008.57
-25%
Country Average 2.6 ₹5 284.84
+32%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹5.9T
/
Jan 2026
₹2.8T
=
2
Current
₹5.9T
/
Mar 2026
₹3T
=
2
Forward
₹5.9T
/
Mar 2027
₹3.5T
=
1.7
Forward
₹5.9T
/
Mar 2028
₹4T
=
1.5
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Larsen & Toubro Ltd
BSE:500510
5.5T INR 2 33.9
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 1.5 19.9
US
Quanta Services Inc
NYSE:PWR
108.9B USD 3.8 105.2
FR
Vinci SA
PAR:DG
71.4B EUR 0.9 14.6
US
Comfort Systems USA Inc
NYSE:FIX
64.8B USD 6.4 52.7
IN
Larsen and Toubro Ltd
F:LTO
48.4B EUR 1.9 31.9
NL
Ferrovial SE
AEX:FER
42.2B EUR 4.4 47.5
ES
Ferrovial SA
MAD:FER
42.1B EUR 4.4 47.4
DE
Hochtief AG
XETRA:HOT
34.4B EUR 0.9 38.1
US
EMCOR Group Inc
NYSE:EME
39.7B USD 2.3 31.1
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
31.9B EUR 0.6 33.7

Market Distribution

In line with most companies in India
Percentile
39th
Based on 2 983 companies
39th percentile
2
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

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 1%
Intrinsic Value
Price ₹4 012.65
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