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How to buy L&T (LT) shares

Learn how to easily invest in L&T shares.

Larsen & Toubro Limited is an engineering & construction business based in India. L&T shares (LT) are listed on the NSE and all prices are listed in Indian Rupee. L&T employs 40,253 staff and has a trailing 12-month revenue of around INR1.5 trillion.

How to buy shares in L&T

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – LT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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Is it a good time to buy L&T stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

L&T shares at a glance

Information last updated 2021-10-25.
Latest market closeINR1,784.55
52-week rangeINR893.06 - INR1,885.00
50-day moving average INR1,729.96
200-day moving average INR1,558.56
Wall St. target priceINR1,569.63
PE ratio 20.1465
Dividend yield INR18 (1%)
Earnings per share (TTM) INR88.56

L&T stock price (NSE: LT)

Use our graph to track the performance of LT stocks over time.

L&T price performance over time

Historical closes compared with the close of INR1784.55 from 2021-10-27

1 week (2021-10-20) -1.23%
1 month (2021-09-28) 2.73%
3 months (2021-07-28) 11.94%
6 months (2021-04-28) 29.70%
1 year (2020-10-27) 81.74%
2 years (2019-10-27) 24.41%
3 years (2018-10-26) 49.03%
5 years (2016-10-27) 20.96%

Is L&T under- or over-valued?

Valuing L&T stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of L&T's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

L&T's P/E ratio

L&T's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, L&T shares trade at around 20x recent earnings.


L&T's EBITDA (earnings before interest, taxes, depreciation and amortisation) is INR195.1 billion.

The EBITDA is a measure of a L&T's overall financial performance and is widely used to measure a its profitability.

L&T financials

Revenue TTM INR1,472.7 billion
Operating margin TTM 12.7%
Gross profit TTM INR527.1 billion
Return on assets TTM 3.5%
Return on equity TTM 5.71%
Profit margin 8.46%
Book value INR540.16
Market capitalisation INR2.5 trillion

TTM: trailing 12 months

L&T's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like L&T.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

L&T's total ESG risk score

Total ESG risk: 39.16

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and L&T's overall score of 39.16 (as at 12/31/2018) is pretty weak – landing it in it in the 75th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like L&T is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

L&T's environmental score

Environmental score: 9.29/100

L&T's environmental score of 9.29 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that L&T is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

L&T's social score

Social score: 22.21/100

L&T's social score of 22.21 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that L&T is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

L&T's governance score

Governance score: 20.17/100

L&T's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that L&T is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

L&T's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. L&T scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that L&T has, for the most part, managed to keep its nose clean.

L&T share dividends


Dividend payout ratio: 26.63% of net profits

Recently L&T has paid out, on average, around 26.63% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), L&T shareholders could enjoy a 1% return on their shares, in the form of dividend payments. In L&T's case, that would currently equate to about INR18 per share.

While L&T's payout ratio might seem fairly standard, it's worth remembering that L&T may be investing much of the rest of its net profits in future growth.

The latest dividend was paid out to all shareholders who bought their shares by 27 July 2021 (the "ex-dividend date").

Have L&T's shares ever split?

L&T's shares were split on a 3:2 basis on 12 July 2017. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your L&T shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for L&T shares which in turn could have impacted L&T's share price.

L&T share price volatility

Over the last 12 months, L&T's shares have ranged in value from as little as INR893.0592 up to INR1885. A popular way to gauge a stock's volatility is its "beta".

LT.NSE volatility(beta: 0.79)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NSE average) beta is 1, while L&T's is 0.7929. This would suggest that L&T's shares are less volatile than average (for this exchange).

L&T overview

Larsen & Toubro Limited engages in engineering, construction, and manufacturing operations worldwide. The Infrastructure segment engineers and constructs building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and metallurgical and material handling systems. The Power segment offers turnkey solutions for coal-based and gas-based thermal power plants, including power generation equipment with associated systems and balance-of-plant packages. The Heavy Engineering segment manufactures and supplies custom designed, engineered critical equipment and systems to the fertilizer, refinery, petrochemical, chemical, oil and gas, and thermal and nuclear power industries. The Defence Engineering segment designs, develops, produces, and supports equipment, systems, and platforms for the defense and aerospace sectors. This segment also designs, constructs, and repairs/refits defense vessels. The Others segment engages in the realty, hydrocarbons, and industrial valves businesses; smart world and communication businesses, including military communications; marketing and servicing of construction and mining machinery and parts; and manufacturing and sale of rubber processing machinery.

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