Capital Goods · NSE: LT
Intrynsic's multi-model valuation estimates Larsen & Toubro Limited's fair value at ₹2,092 per share (range ₹1,719–₹3,385) against a market price of ₹3,647 (close of 23 Oct 2026): the estimate is 43% below the price. Estimate updated 23 October 2026. This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹3,647
close of 23 Oct 2026
Est. fair value
₹2,092
₹1,719–₹3,385
Estimate vs price
-42.6%
estimate below price
Above fair-value est.
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.
FY26
FY26
FY26
FY26
Over the last 3 years, revenue grew 16.0%/yr and profit grew 14.8%/yr. Over 9 years, revenue grew 11.3%/yr and profit 12.7%/yr.
Every ₹100 of shareholder money earned ₹17.3 in profit last year, vs a sector median of 11.5%.
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's multi-model valuation estimates Larsen & Toubro Limited's fair value at ₹2,092 per share (range ₹1,719–₹3,385), last updated 23 October 2026. This is an estimate based on stated assumptions, not investment advice.
Larsen & Toubro Limited trades at ₹3,647 against Intrynsic's estimated fair value of ₹2,092 - the market price is 43% 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 31.2 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. The models rely on assumptions (discount rates, growth, multiples) that may prove wrong and on past financials, which do not guarantee future results; prices also move on macro factors the models don't capture. 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