Larsen & Toubro Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for LT, BSE:500510 Larsen & Toubro Ltd.

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Larsen & Toubro Ltd.

06 May 2026

3900.60

0.65%

Larsen & Toubro

Buy: Larsen & Toubro Ltd.

Target

ICICI Direct

Near term headwinds; Long term growth story intact About the stock : Larsen & Toubro (L&T) is India's largest engineering & construction (E&C) Infrastructure segment contributes ~47% of consolidated revenue followed by...

Larsen & Toubro Ltd. is trading below its 30 day SMA of 3978.7

Larsen & Toubro Ltd.

06 May 2026

3900.60

0.65%

Softer execution expected in 1HFY27

Buy: Larsen & Toubro Ltd.

Target

Motilal Oswal

LT’s consolidated results for 4QFY26 and full-year FY26 were slightly weaker than our estimates on lower-than-expected execution in core EPC.

Larsen & Toubro Ltd. is trading above its 200 day SMA of 3899.1

Larsen & Toubro Ltd.

06 May 2026

3900.60

0.65%

Larsen & Toubro (LT IN) Q4FY26 Result Update Mixed Q4, supply chain disruptions to dampen H1FY27 BUY

Buy: Larsen & Toubro Ltd.

Target

Prabhudas Lilladhar

Larsen & Toubro (L&T) reported a mixed Q4FY26 performance with revenue growth of 11.3% YoY, while EBITDA margin contracted 62bps YoY to 10.4%, reflecting project mix and cost pressures. Management maintained a cautious near-term outlook amid ongoing Middle East conflict, guiding for ~10-12% growth in revenue and order inflows for FY27 with flattish PP&M margins (~7.8%), indicating limited margin expansion in FY27. Furthermore, the company's Lakshya 31 guidance implies steady growth, with order inflow and revenue CAGR targets of 10-12% and 12-15%, respectively, over FY2631. However, the ROE guidance of 16-17% for the same period (vs. 16.6% in FY26) remains underwhelming. While the order pipeline (~INR17.8trn) and order book...

Larsen & Toubro Ltd. is trading above its 200 day SMA of 3899.1

Larsen & Toubro Ltd.

04 Mar 2026

3900.60

0.65%

Turning into ‘moving parts’ from ‘sum-of-the-parts’

Buy: Larsen & Toubro Ltd.

Target

Motilal Oswal

With a constantly changing scenario in the Middle East impacting core EPC business and increasing risks for IT business from AI-led disruption, LT is turning more into a ‘moving parts’ thesis from a ‘sum-of-the-parts’ thesis.

Larsen & Toubro Ltd. is trading above its 200 day SMA of 3899.1

Larsen & Toubro Ltd.

06 Feb 2026

3900.60

0.65%

Powering the Nation’s Hopes

Buy: Larsen & Toubro Ltd.

FundsIndia

Q3FY26 inflow F1.36 tn ( T 17% YoY). Order book surged 30% YoY to & 7.33 tn. Prospect pipeline expanded to ?5.92 tn. Multi-year revenue visibility improving.

Larsen & Toubro Ltd. has an average target of 4630.43 from 7 brokers.

Larsen & Toubro Ltd.

01 Feb 2026

3900.60

0.65%

LARSEN AND TOUBRO LIMITED

Buy: Larsen & Toubro Ltd.

Target

Geojit BNP Paribas

L&T's financial performance reflects steady execution momentum, driven by its diversified business portfolio and enhanced operational efficiency. The management noted consistent progress in Infrastructure, Energy, and IT & Technology Services fuelled growth, while a focus on execution efficiency and project mix enabled sustained profitability. The management also stated it expects double-digit revenue growth, supported by a robust order book, a promising prospects pipeline, and an expected increase in execution as project activity returns to normal. Furthermore, the completion of legacy projects and a rising contribution from higher-quality and...

Larsen & Toubro Ltd. is trading below its 30 day SMA of 3978.7

Larsen & Toubro Ltd.

29 Jan 2026

3900.60

0.65%

Execution pace was weak, eyeing improvement from 4QFY26

Buy: Larsen & Toubro Ltd.

Target

Motilal Oswal

LT’s consolidated 3QFY26 earnings were slightly below our estimates due to weakerthan-expected execution for core E&C. Revenue growth for core E&C, which has remained weak for the last two quarters, is expected to ramp up from 4QFY26.

Larsen & Toubro Ltd. is trading above its 200 day SMA of 3899.1

Larsen & Toubro Ltd.

29 Jan 2026

3900.60

0.65%

Larsen & Toubro

Buy: Larsen & Toubro Ltd.

Target

ICICI Direct

Q3FY26 Performance: L&T reported consolidated revenues of 71,450 crore in Q3FY26, up 10% YoY, driven by steady execution across Infrastructure and Energy Projects. Order inflows stood at 135,581 crore, growing 17% YoY, with international orders contributing 49%. The consolidated order book rose 30% YoY to 7.33 lakh crore. Recurring PAT for the quarter increased 31% YoY to 4,406 crore, while EBITDA grew 19% YoY to 7,417 crore with margins improving to 10.4%. Reported PAT stood at 3,215 crore (down by 4% YoY), impacted by a onetime exceptional provision of 1,191 crore related to new labour codes. Segmentally, Infrastructure Projects saw order inflows of 61,876 crore (+26% YoY) with EBITDA margins improving to 6.1% from 5.5% on better operational efficiency. Energy Projects reported order...

Larsen & Toubro Ltd. has an average target of 4630.43 from 7 brokers.

Larsen & Toubro Ltd.

19 Nov 2025

3900.60

0.65%

CMD meeting takeaways

Buy: Larsen & Toubro Ltd.

Target

Motilal Oswal

We recently interacted with Mr. S. N. Subrahmanyan, Chairman and MD of Larsen & Toubro (LT), to get insights into the company’s long-term growth strategy for domestic and international geographies, capital allocation and future focus areas.

Larsen & Toubro Ltd. is trading below its 30 day SMA of 3978.7

Larsen & Toubro Ltd.

13 Nov 2025

3900.60

0.65%

LARSEN AND TOUBRO LIMITED

Buy: Larsen & Toubro Ltd.

Target

Geojit BNP Paribas

L&T's performance in Q2FY26 was robust, with strong growth in order inflow and revenue increase in all segments, except for infrastructure projects. The company anticipates healthy revenue growth and a significant increase in order inflow, indicating a promising performance in the future. Furthermore, its healthy order book is expected to drive strong performance in the upcoming quarters. The government's continued investment in infrastructure and the manufacturing sector is likely to provide substantial growth opportunities for the company, bolstering its prospects for sustained success. Recent strategic MOUs and partnerships in the...

Larsen & Toubro Ltd. has an average target of 4630.43 from 7 brokers.

Is Larsen & Toubro Ltd. worth buying?

2178 Votes:

Buy 78.83%

Sell 9.46%

Hold 11.71%

RESEARCH REPORTS

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