LT · Construction Services · INE018A01030
Analyst mean 1.83 · 29 analysts · 3% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is only 85% of trailing profit. Worth watching whether the gap is working-capital timing or something structural.
Operating cash flow ₹16,741 cr vs trailing net profit ₹19,624 cr. A persistent gap below 1.0 can be benign (growth working capital) or a tell (profit not converting to cash).
Both revenue and profit grew over the last year (9.8% and 5.8%) — growth is translating to the bottom line.
Trailing revenue ₹290,138 cr, trailing profit ₹19,624 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow swings between positive and negative across the cycle.
Latest ₹12,272 cr, negative in 4 of 12 years.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 61,555 | 64,668 | 74,392 | 63,679 | 67,984 | 71,450 | 82,762 | 67,942 |
| Expenses | 53,638 | 56,770 | 64,516 | 55,655 | 59,470 | 62,259 | 72,343 | 59,793 |
| Other Income | 1,101 | 968 | 1,610 | 1,357 | 1,384 | -350 | 1,647 | 2,377 |
| Depreciation | 1,024 | 1,047 | 1,052 | 1,033 | 1,092 | 1,072 | 1,168 | 1,032 |
| Profit before tax | 5,555 | 5,333 | 8,014 | 5,860 | 6,336 | 5,370 | 8,410 | 6,922 |
| Net Profit | 4,099 | 3,974 | 6,156 | 4,318 | 4,678 | 3,825 | 6,133 | 4,988 |
| EPS | 24.69 | 24.43 | 39.97 | 26.30 | 28.54 | 23.37 | 38.71 | 29.97 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 281 | 281 | 281 | 275 | 275 | 275 |
| Reserves | 75,588 | 82,127 | 89,045 | 86,084 | 97,381 | 109,015 |
| Borrowings | 134,629 | 125,508 | 120,650 | 116,322 | 132,409 | 125,497 |
| Fixed Assets | 44,319 | 42,945 | 42,641 | 42,964 | 44,055 | 30,867 |
| CWIP | 500 | 1,250 | 3,066 | 3,045 | 2,589 | 3,311 |
| Investments | 39,627 | 39,395 | 44,798 | 45,648 | 54,805 | 68,377 |
| Total Assets | 310,095 | 319,028 | 329,722 | 339,602 | 379,114 | 452,383 |