Close 10 Sep 1505 scanned A
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BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

LT

Larsen & Toubro Limited
ConstructionLarge capRs 544,109 crRs 515.3 cr traded a dayInfrastructure
Close on 10 September 2026
3,955.00
+0.83%
52-week range57% of the way up
3,342.404,418.10
Market cap
544,109 cr
P/E (TTM)
27.7×
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
-1.6%
Below 52w high
11.7%
RSI (14)
31
Daily swing
1.4%
average true range
Volume
1.1×
vs 20-day average
Traded
Rs 515 cr
median day
Close200-day averageMaterial filing
3,5004,0004,500Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Below the median
-0.5%
One-year return
Around the median
+8.5%
Return on capital employed
n/a
Debt to equity
n/a
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
n/a
Revenue growth, year on year
latest reported quarter
+6.7%
Below the 52-week high
from the highest close of the year
-10.5%
1 week
−0.50%
1 month
−1.62%
3 months
−5.15%
6 months
+9.62%
1 year
+8.52%

The read

written from the numbers on this page
The evidence is mixed2 supporting, 3 against, 0 worth knowing

Supporting

  • up 9% over twelve months
  • revenue grew 7% year on year in the quarter ending 30 June 2026

Against

  • trading 0% below its 200-day average
  • 2 of the scans it matches have historically underperformed the market
  • priced at 28× earnings against an industry median of 21× — 33% above its peers

Worth knowing

  • nothing the data supports either way
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 back above 3,975, 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

from the filings and from the price, with the figure behind every line
Working4

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

Rs 515 crore changes hands on a median day, so an ordinary order is not the reason it moves.

Rs 515 cr
Needs watching1

A warning rule fires on it tonight: lost the 200-day line.

Lost the 200-day line
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 3 of these 3 filing 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, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-0.5%+0.3 pt vs market1W-1.6%-0.6 pt vs market1M-5.2%-7.8 pt vs market3M+9.6%-7.0 pt vs market6M+8.5%+11.7 pt vs market1Y

What the scans say today

3 of 47 matched on 10 Sep
LT matches 3 of the 47 scans today, across 2 different kinds of evidence.

Valuation against its own history

500 sessions since 26 September 2024
27×
median 29×
32×
now 28×
LT trades at 28× 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
Credit rating filings were typically +0.38pt vs the market over the next 5 sessions (n=422) · M&A filings were typically +0.18pt vs the market over the next 5 sessions (n=1,722) · Order win filings were typically -0.10pt vs the market over the next 5 sessions (n=630)

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
30 Jun · consolidated
67,9426,9224,98829.977.3%
Q4 FY26
31 Mar · consolidated
82,7628,4106,13338.717.4%
Q3 FY26
31 Dec · consolidated
71,4505,3703,82523.375.4%
Q2 FY26
30 Sep · consolidated
67,9846,3364,67828.546.9%
Q1 FY26
30 Jun · consolidated
63,6795,8604,31826.306.8%
Q4 FY25
31 Mar · 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-0.3%
Versus 200-day average-0.5%
Below 52-week high-10.5%
Above 52-week low+18.3%
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)31.4
Higher closes in last 52 of 5
Six-month return+9.62%
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)1.39%
Volume versus 20-day1.1x
Median daily turnoverRs 515.3 cr

Derivatives

near expiry 2026-09-29 · 2026-09-10
Flat
Price barely moved, so the buildup read says little today.
Futures basis versus spot+0.03%
Open interest change-0.2%
Put / call ratio0.51
Put wall (support)4,000
Call wall (resistance)4,000
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 27.7× trailing earnings against an industry median of 20.8× across 22 other classified companies in its industry — more expensive than them, by 33%. 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)
LT544,10927.7−1.62%+8.52%515.3
RVNL42,86847.9−10.61%−42.71%80.1
KPIL24,45921.7+2.52%+15.23%20.4
IRB24,04725.2+3.00%−54.19%11.5
NBCC22,66429.6−8.93%−26.98%43.9
CEMPRO21,50835.8−0.78%+56.21%26.8
ENGINERSIN15,29019.5+13.73%+30.98%81.7
TECHNOE11,37226.9−0.53%−31.55%15.4
KEC11,00619.9−6.42%−52.27%29.8
IRCON10,83620.8−8.69%−36.72%13.7
WELENT10,82133.1+39.00%+45.56%38.0
RITES10,13122.0−5.70%−20.31%6.2
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
9 Sep1Long tail above — rejected higher
7 Sep2Rising without the drama, Bullish engulfing
4 Sep2Range is tightening, Tightest range in 4 days
31 Aug3Rising without the drama, Hammer — long tail below, Closed at the day's high
28 Aug1Rising without the drama
27 Aug2Rising without the drama, MACD just turned negative
26 Aug1Rising without the drama