Larsen & Toubro Limited Capital Reinvestment Ratio
Larsen & Toubro Limited capital reinvestment ratio. Larsen & Toubro Limited (LT) has a Capital Reinvestment Ratio of 0.70x as of September 2025, meaning it reinvests 1% of its operating cash flow (Rs38.16 Billion) in capital expenditures (Rs26.75 Billion). See free cash flow generation of Larsen & Toubro Limited to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Larsen & Toubro Limited (2002–2026)
Capital reinvestment ratio of Larsen & Toubro Limited from 2002 to 2026. This chart tracks Larsen & Toubro Limited's Capital Reinvestment Ratio across 16 annual periods. See Larsen & Toubro Limited (LT) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Larsen & Toubro Limited Capital Reinvestment Ratio by Year (2002–2026)
Larsen & Toubro Limited capital reinvestment ratio by year from 2002 to 2026. For the full cash flow conversion analysis, see Larsen & Toubro Limited (LT) cash conversion ratio.
| Year | Reinvestment Ratio | Operating CF (INR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.29x | Rs168.20 Billion | Rs48.09 Billion | ▼ -40.7% |
| 2025 | 0.48x | Rs91.61 Billion | Rs44.19 Billion | ▲ +95.1% |
| 2024 | 0.25x | Rs182.66 Billion | Rs45.17 Billion | ▲ +35.9% |
| 2023 | 0.18x | Rs227.77 Billion | Rs41.44 Billion | ▲ +12.1% |
| 2022 | 0.16x | Rs191.64 Billion | Rs31.11 Billion | ▲ +105.1% |
| 2021 | 0.08x | Rs228.44 Billion | Rs18.08 Billion | ▼ -84.6% |
| 2020 | 0.51x | Rs66.94 Billion | Rs34.37 Billion | ▲ +7.5% |
| 2017 | 0.48x | Rs62.35 Billion | Rs29.79 Billion | ▼ -77.7% |
| 2010 | 2.14x | Rs21.18 Billion | Rs45.40 Billion | ▼ -80.6% |
| 2009 | 11.04x | Rs4.96 Billion | Rs54.78 Billion | ▲ +856.1% |
| 2007 | 1.16x | Rs23.28 Billion | Rs26.89 Billion | ▲ +12.8% |
| 2006 | 1.02x | Rs10.62 Billion | Rs10.87 Billion | ▼ -13.2% |
| 2005 | 1.18x | Rs3.53 Billion | Rs4.17 Billion | ▲ +328.9% |
| 2004 | 0.28x | Rs3.30 Billion | Rs909.30 Million | ▲ +233.4% |
| 2003 | 0.08x | Rs11.67 Billion | Rs963.70 Million | ▼ -59.7% |
| 2002 | 0.20x | Rs13.27 Billion | Rs2.72 Billion | — |