Larsen & Toubro Limited (LT) — Cash Flow Quality Index
Larsen & Toubro Limited (LT) has a Cash Flow Quality Index of 0.51x as of September 2025. Operating cash flow of Rs38.16 Billion is below net income of Rs75.43 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore cash flow conversion of Larsen & Toubro Limited to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Larsen & Toubro Limited Cash Flow Quality Index (2002–2026)
Historical Cash Flow Quality Index for Larsen & Toubro Limited across 25 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Larsen & Toubro Limited cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Larsen & Toubro Limited (2002–2026)
Year-by-year earnings quality comparison for Larsen & Toubro Limited. For live market cap and the full company financial profile, see LT stock market capitalisation.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.05x | Rs168.20 Billion | Rs160.84 Billion | ▲ +163.8% |
| 2025 | 0.40x | Rs91.61 Billion | Rs231.04 Billion | ▼ -71.7% |
| 2024 | 1.40x | Rs182.66 Billion | Rs130.59 Billion | ▲ +4.2% |
| 2023 | 1.34x | Rs227.77 Billion | Rs169.73 Billion | ▲ +0.9% |
| 2022 | 1.33x | Rs191.64 Billion | Rs144.11 Billion | ▲ +34.0% |
| 2021 | 0.99x | Rs228.44 Billion | Rs230.26 Billion | ▲ +112.1% |
| 2020 | 0.47x | Rs66.94 Billion | Rs143.14 Billion | ▲ +241.6% |
| 2019 | -0.33x | Rs-47.17 Billion | Rs142.86 Billion | ▲ +62.1% |
| 2018 | -0.87x | Rs-100.31 Billion | Rs115.16 Billion | ▼ -222.5% |
| 2017 | 0.71x | Rs62.35 Billion | Rs87.66 Billion | ▲ +270.2% |
| 2016 | -0.42x | Rs-32.29 Billion | Rs77.29 Billion | ▼ -329.1% |
| 2015 | -0.10x | Rs-6.69 Billion | Rs68.70 Billion | ▲ +90.0% |
| 2014 | -0.97x | Rs-69.63 Billion | Rs71.49 Billion | ▼ -87.1% |
| 2013 | -0.52x | Rs-37.60 Billion | Rs72.23 Billion | ▲ +43.2% |
| 2012 | -0.92x | Rs-63.41 Billion | Rs69.17 Billion | ▼ -288.9% |
| 2011 | -0.24x | Rs-15.87 Billion | Rs67.32 Billion | ▼ -181.7% |
| 2010 | 0.29x | Rs21.18 Billion | Rs73.45 Billion | ▲ +153.5% |
| 2009 | 0.11x | Rs4.96 Billion | Rs43.60 Billion | ▲ +131.4% |
| 2008 | -0.36x | Rs-12.39 Billion | Rs34.19 Billion | ▼ -134.9% |
| 2007 | 1.04x | Rs23.28 Billion | Rs22.40 Billion | ▲ +28.9% |
| 2006 | 0.81x | Rs10.62 Billion | Rs13.17 Billion | ▲ +220.7% |
| 2005 | 0.25x | Rs3.53 Billion | Rs14.05 Billion | ▼ -59.5% |
| 2004 | 0.62x | Rs3.30 Billion | Rs5.33 Billion | ▼ -77.0% |
| 2003 | 2.70x | Rs11.67 Billion | Rs4.33 Billion | ▼ -29.6% |
| 2002 | 3.83x | Rs13.27 Billion | Rs3.47 Billion | — |