Larsen & Toubro Limited Overview
Pro stress-test →Larsen & Toubro Limited (L&T) is India's leading diversified engineering, procurement, and construction (EPC) company with operations across infrastructure, energy, and high-tech manufacturing sectors. The company reported a landmark financial performance for the fiscal year ended March 31, 2026, securing fresh orders worth ₹435,590 crore, representing robust 22% year-on-year growth driven by a diversified portfolio spanning renewables, hydrocarbons, heavy civil infrastructure, and high-tech manufacturing.
Strategic Profile
Pro stress-test →International markets play a pivotal role in L&T's strategy, accounting for 58% of total order inflow, while the company's consolidated order book reached an all-time high of ₹740,327 crore. The company is executing a strategic shift toward exiting its development projects portfolio and redeploying capital into core engineering and technology-led businesses for greater growth opportunities. According to 32 analysts, the average rating for LT stock is "Buy," with a 12-month stock price target of ₹4,514 representing an increase of 11.21% from recent price levels.
Competitive Landscape
Pro stress-test →L&T operates in a competitive EPC landscape dominated by large domestic and international engineering firms. Competitors include KEC International, Fluor, Skanska USA, Samsung E&A, and Kiewit among 30 peers globally. L&T's competitive advantages stem from its diversified portfolio, strong international presence (58% orders), record order book, and strategic positioning in high-growth sectors including renewables and high-tech manufacturing.
Industry Context
Larsen & Toubro Limited operates in Engineering, Procurement & Construction (EPC).
Key facts
Founded: 1946 · Headquarters: Mumbai, India · Employees: 15,661 · Revenue: $32.2B (TTM as of June 16, 2026) · Market cap: $58.2B