Larsen & Toubro Limited (LT) — Capital Reinvestment Ratio

Latest as of September 2025: 0.70x

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 LT FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Capital Reinvestment Ratio

0.70x
Capex / Operating Cash Flow

Operating Cash Flow

Rs38.16 Billion
INR

Capital Expenditures

Rs26.75 Billion
INR

Data as of

Sep 2025
Most recent filing

Larsen & Toubro Limited Capital Reinvestment Ratio (2002–2026)

This chart tracks Larsen & Toubro Limited's Capital Reinvestment Ratio across 16 annual periods.

Annual Capital Reinvestment Ratio for Larsen & Toubro Limited (2002–2026)

Year-by-year Capital Reinvestment Ratio for Larsen & Toubro Limited from 2002 to 2026. For live market cap and broader valuation context, see LT market cap.

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 —
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow