Update shared on 27 Nov 2025
Fair value Increased 0.74%Analysts have raised their fair value estimate for Larsen & Toubro from ₹4,367.81 to ₹4,399.97, citing incremental improvements in revenue growth and profit margin forecasts.
What's in the News
- Larsen & Toubro will produce BvS10 Sindhu all-terrain vehicles under a new contract with the Indian Army, with technical support from BAE Systems. Production will take place in India to support the country's defence modernisation efforts. (Client Announcements)
- The consortium of L&T, Bharat Electronics Ltd., and Dynarnatic Technologies Ltd. will collaboratively advance India's 5th Generation Fighter Aircraft (AMCA) programme and boost domestic aerospace manufacturing expertise. (Client Announcements)
- L&T has entered a Memorandum of Understanding with Holtec International to deliver advanced Heat Transfer Equipment and support global deployment of Small Modular Reactors, enhancing its footprint in nuclear and thermal power solutions. (Client Announcements)
- L&T secured a strategic partnership with General Atomics Aeronautical Systems to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft for India's armed forces and support the country's self-reliance initiatives in defence. (Strategic Alliances)
- L&T achieved a key role in TenneT's HVDC offshore wind program, supporting integration of large-scale renewable energy into the European power grid with state-of-the-art converter stations. (Client Announcements)
Valuation Changes
- Fair Value Estimate has increased slightly from ₹4,367.81 to ₹4,399.97.
- Discount Rate has risen marginally from 16.06% to 16.08%.
- Revenue Growth Forecast has edged up from 14.99% to 15.01%.
- Net Profit Margin is expected to improve modestly from 6.96% to 6.98%.
- Future P/E Ratio has moved up slightly from 32.23x to 32.41x.
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