Close 2026-08-21 1267 scanned A

LT

Larsen & Toubro Limited
ConstructionLarge capRs 563,094 crRs 569.2 cr traded a dayInfrastructure
Close on 2026-08-21
4,093.00
+0.29%
52-week range70% of the way up
3,342.404,418.10
Market cap
563,094 cr
P/E (TTM)
28.7×
industry 21×
EPS (TTM)
142.64
Revenue YoY
+6.7%
Q1 FY27
Profit YoY
+15.5%
Net margin
7.3%
+0.6pt vs a year ago
Growth trend
-4.6pt
vs last quarter’s YoY
1 month
+7.9%
Below 52w high
7.9%
RSI (14)
59
Daily swing
1.2%
average true range
Volume
0.8×
vs 20-day average
Traded
Rs 569 cr
median day
Close200-day averageMaterial filing
3,5004,0004,500Aug 25Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26
260 sessions · hover for the filing behind a move
1 week
+0.89%
1 month
+7.93%
3 months
+1.37%
6 months
−4.51%
1 year
+14.49%

The read

written from the numbers on this page
The evidence is mixed3 supporting, 2 against, 1 worth knowing

Supporting

  • trading 3% above its 200-day average
  • up 14% over twelve months
  • revenue grew 7% year on year in the quarter ending 2026-06-30

Against

  • 2 of the scans it matches have historically underperformed the market
  • priced at 29× earnings against an industry median of 21× — 35% above its peers

Worth knowing

  • the rise is short covering rather than fresh buying, which historically runs out when the shorts are done
LT sits in Infrastructure — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 3,976, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

read from the filings, with the figure behind every line
Working3

Larsen & Toubro's net profit rose 15.5% year on year, from Rs 4,318 cr to Rs 4,988 cr.

+15.5%Rs 4,318 crRs 4,988 cr

Profit grew faster than revenue, +15.5% against +6.7%.

+15.5%+6.7%

Revenue rose 6.7% year on year, from Rs 63,679 cr to Rs 67,942 cr.

+6.7%Rs 63,679 crRs 67,942 cr
Needs watching
Nothing in the filings stands out either way.
Every figure here is computed from the company’s own filings. Wording of 3 of these 3 lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, measured against zero
+0.9%1W+7.9%1M+1.4%3M-4.5%6M+14.5%1Y

What the scans say today

4 of 47 matched on 2026-08-21
LT matches 4 of the 47 scans today, across 2 different kinds of evidence.

Valuation against its own history

500 sessions since 2024-09-06
27×
median 29×
32×
now 29×
LT trades at 29× trailing earnings, close to its median of 29× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
Order win filings were typically +0.20pt vs the market over the next 5 sessions (n=408) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093) · Credit rating filings were typically +0.58pt vs the market over the next 5 sessions (n=266)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
61.6k64.7k74.4k63.7k68.0k71.4k82.8k67.9k6.7%5.4%7.4%7.3%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 7% against the same quarter a year earlier
  • profit rose 16% year on year
  • net margin narrowed from 7.4% to 7.3%
  • revenue rose in 3 of the last 4 quarters

Going against it

  • nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
2026-06-30 · consolidated
67,9426,9224,98829.977.3%
Q4 FY26
2026-03-31 · consolidated
82,7628,4106,13338.717.4%
Q3 FY26
2025-12-31 · consolidated
71,4505,3703,82523.375.4%
Q2 FY26
2025-09-30 · consolidated
67,9846,3364,67828.546.9%
Q1 FY26
2025-06-30 · consolidated
63,6795,8604,31826.306.8%
Q4 FY25
2025-03-31 · consolidated
74,3928,0145,49739.987.4%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+2.0%
Versus 200-day average+2.9%
Below 52-week high-7.4%
Above 52-week low+22.5%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)58.8
Higher closes in last 53 of 5
Six-month return−4.51%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.22%
Volume versus 20-day0.8x
Median daily turnoverRs 569.2 cr

Derivatives

near expiry 2026-08-25 · 2026-08-20
Short Covering
Price up, open interest down. Sellers are closing, not buyers arriving. Rallies built only on this tend not to last once the shorts are out.
Futures basis versus spot-0.02%
Open interest change-0.1%
Put / call ratio0.65
Put wall (support)4,000
Call wall (resistance)4,100
Max pain4,000
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.

Peers

Construction · 23 classified companies
LT trades at 28.7× trailing earnings against an industry median of 21.3× across 22 other classified companies in its industry — more expensive than them, by 35%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
LT563,09428.7+7.93%+14.49%569.2
RVNL46,97652.4+0.52%−32.11%91.8
NBCC23,99831.4−4.58%−12.50%50.7
KPIL23,98921.3+8.21%+14.79%21.3
IRB22,88824.0−2.72%−55.72%11.0
CEMPRO21,92936.5−15.85%+80.27%63.6
ENGINERSIN13,76517.6+9.21%+20.39%34.7
IRCON11,73022.6−0.57%−28.89%13.4
KEC11,60521.0−7.82%−49.43%38.6
TECHNOE11,48427.1−0.78%−35.45%16.8
RITES10,48122.7+2.21%−17.45%10.0
AFCONS10,25771.4−1.73%−34.52%23.0
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
2026-08-211Rising without the drama
2026-08-201Rising without the drama
2026-08-191Rising without the drama
2026-08-183Rising without the drama, Range is tightening, Tightest range in 4 days