Larsen & Toubro (LT) Financial Ratio Screen

NSE Industrials India INR 4902891M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Larsen & Toubro (LT) is potentially non-compliant in the automated ratio model. The company's debt ratio of 34.9% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Larsen & Toubro operates in the Industrials sector.

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MSCI new-inclusion financial-ratio snapshot

LT financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
34.9%
Fail vs 30%
Cash ratio
15.9%
Pass vs 30%
Receivables + cash
30.1%
Fail vs 30%
Impermissible income
1.0%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: March 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMarch 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Engineering & Construction) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems for defense, security, space, and industrial sectors; and electrolysers. The IT & Technology Services segment offers information technology and integrated engineering services, e-commerce/digital platforms and data centers, and semiconductor chip design solutions. The Financial Services segment provides retail finance. The Development Projects segment develops, operates, and maintains metro project comprising transit-oriented development, toll roads, power generation and development, thermal power, and green energy. The Others segment engages in realty, manufacture and sale of industrial valves; marketing and servicing of construction equipment, mining machinery and parts, and processing machinery. Larsen & Toubro Limited has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. Larsen & Toubro Limited was founded in 1938 and is headquartered in Mumbai, India.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from March 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 34.9%
/ 30%
15.9%
/ 30%
30.1%
/ 30%
0.97%
/ 5%
RATIOS FAIL*
FTSE 34.9%
/ 33%
15.9%
/ 33%
30.1%
/ 50%
0.97%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
27.9
Forward: 22.4
EPS
$127.95
Dividend Yield
95.0%
Payout: 26.6%
P/B Ratio
4.8
EV/EBITDA
17.4
EV: $5.8T
Revenue
$2.5T
Growth: 11.1%
Beta
0.3
Low volatility

Profitability

Gross Margin 36.4%
Operating Margin 10.7%
Net Margin 5.7%

Cash Flow & Balance Sheet

Operating Cash Flow$91.6B
Free Cash Flow$47.4B
Total Debt$1.3T
Debt-to-Equity111.8
Total Assets$3.8T

Price & Trading

Last CloseINR 3,649.30
50-Day MAINR 3,921.02
200-Day MAINR 3,822.12
Avg Volume2.7M
Beta0.3
52-Week Range
INR 2,965.30
INR 4,440.00

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period March 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Larsen & Toubro (LT)

CEO
Mr. Sekharipuram Narayanan Subrahmanyan
Employees
54,596
Sector
Industrials
Industry
Engineering & Construction
Country
India
Exchange
NSE
Market Cap (listing currency)
INR 4902891M
Currency
INR

Larsen & Toubro Limited engages in engineering, procurement, and construction projects (EPC) in India and internationally. The Infrastructure Projects segment is involved in the engineering and construction of building and factories, transportation infrastructure, heavy civil infrastructure, power transmission and distribution, water and effluent treatment, and minerals and metals. The Energy Projects segment provides EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning; CarbonLite solutions for power generation plants including power generation equipment with associated systems; and carbon capture utilization and utility packages. The Hi-Tech Manufacturing segment designs, manufactures/constructs, supplies, and revamps/retrofits custom designed engineered critical equipment and systems for the process plants, nuclear energy, and green hydrogen sectors; marine and land platforms, related equipment and systems, and aerospace products and systems; precision and electronics products and systems for defense, security, space, and industrial sectors; and electrolysers. The IT & Technology Services segment offers information technology and integrated engineering services, e-commerce/digital platforms and data centers, and semiconductor chip design solutions. The Financial Services segment provides retail finance. The Development Projects segment develops, operates, and maintains metro project comprising transit-oriented development, toll roads, power generation and development, thermal power, and green energy. The Others segment engages in realty, manufacture and sale of industrial valves; marketing and servicing of construction equipment, mining machinery and parts, and processing machinery. Larsen & Toubro Limited has a strategic partnership with General Atomics Aeronautical Systems, Inc. to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. Larsen & Toubro Limited was founded in 1938 and is headquartered in Mumbai, India.

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Frequently Asked Questions

Is Larsen & Toubro (LT) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Larsen & Toubro's debt ratio?

Larsen & Toubro's debt ratio is 34.9% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Larsen & Toubro's key financial metrics?

Larsen & Toubro has a market capitalization of INR 4902891M in its listing currency, trailing P/E ratio of 27.9, and revenue of $2.5T. The company maintains a gross margin of 36.4% and a net margin of 5.7%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: March 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.