Capital Goods · NSE: LT
Intrynsic's multi-model valuation estimates Larsen & Toubro Limited's fair value at ₹2,582 per share (range ₹2,232–₹3,342) against a market price of ₹3,786 - a gap of -31.8% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹3,786
close of 24 Jul 2026
Est. fair value
₹2,582
₹2,232–₹3,342
Gap
-31.8%
price vs estimate
Trading ~32% above our estimated fair-value range. Assumptions and per-model workings are below.
Larsen & Toubro is India's biggest engineering and construction group, building everything from metros and airports to defence hardware. Its order book reflects the country's infrastructure spending cycle.
Capital Goods · Industrial Manufacturing
Over the last 3 years, revenue grew 16.0%/yr and profit grew 14.8%/yr.
Every ₹100 of shareholder money earned ₹17.3 in profit last year, vs a sector median of 11.2%.
Debt is 1.15x equity — manageable, worth watching.
The market price is above our estimated fair-value range (based on stated assumptions).
About ₹88 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values Larsen & Toubro Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| DCFFuture Cash Flows Method | ₹3,342 | -12% | - |
| EV/EBITDAIndustry Comparison Method | ₹2,582 | -32% | - |
| P/E MultipleEarnings Multiple Method | ₹2,232 | -41% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 28.8% a year for the next decade - versus 16.3% historical revenue growth.
| Revenue | ₹2,85,874 Cr | |
| Net profit | ₹18,954 Cr | |
| EPS | ₹116.92 | |
| Free cash flow | ₹11,932 Cr | |
| ROE (latest) | 17.3% | |
| Revenue growth (CAGR) | 11.3% | |
| Profit growth (CAGR) | 12.7% |
Intrynsic's multi-model valuation estimates Larsen & Toubro Limited's fair value at ₹2,582 per share (range ₹2,232–₹3,342), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
Larsen & Toubro Limited trades at ₹3,786 against Intrynsic's estimated fair value of ₹2,582 - the market price is 32% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Larsen & Toubro Limited trades at about 32.4 times its latest annual earnings per share.
Larsen & Toubro is India's biggest engineering and construction group, building everything from metros and airports to defence hardware. Its order book reflects the country's infrastructure spending cycle.
Intrynsic runs 3 valuation models for Larsen & Toubro Limited (DCF, EV/EBITDA, P/E Multiple) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy