Larsen & Toubro Limited (LTO) - Net Assets
Based on the latest financial reports, Larsen & Toubro Limited (LTO) has net assets worth €1.15 Trillion EUR (≈ $1.35 Trillion USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.80 Trillion ≈ $4.44 Trillion USD) and total liabilities (€2.64 Trillion ≈ $3.09 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LTO cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.15 Trillion |
| % of Total Assets | 30.41% |
| Annual Growth Rate | 10.01% |
| 5-Year Change | 31.26% |
| 10-Year Change | N/A |
| Growth Volatility | 4.79 |
Larsen & Toubro Limited - Net Assets Trend (2017–2025)
This chart illustrates how Larsen & Toubro Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Larsen & Toubro Limited for the complete picture of this company's asset base.
Annual Net Assets for Larsen & Toubro Limited (2017–2025)
The table below shows the annual net assets of Larsen & Toubro Limited from 2017 to 2025. For live valuation and market cap data, see Larsen & Toubro Limited (LTO) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €1.15 Trillion ≈ $1.35 Trillion |
+12.53% |
| 2024-03-31 | €1.03 Trillion ≈ $1.20 Trillion |
-0.98% |
| 2023-03-31 | €1.04 Trillion ≈ $1.21 Trillion |
+8.59% |
| 2022-03-31 | €953.74 Billion ≈ $1.12 Trillion |
+8.48% |
| 2021-03-31 | €879.20 Billion ≈ $1.03 Trillion |
+15.31% |
| 2020-03-31 | €762.44 Billion ≈ $891.37 Billion |
+10.18% |
| 2019-03-31 | €692.01 Billion ≈ $809.03 Billion |
+12.92% |
| 2018-03-31 | €612.82 Billion ≈ $716.45 Billion |
+13.95% |
| 2017-03-31 | €537.80 Billion ≈ $628.75 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Larsen & Toubro Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 124.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €899.74 Billion | 92.13% |
| Other Components | €76.81 Billion | 7.87% |
| Total Equity | €976.56 Billion | 100.00% |
Larsen & Toubro Limited Competitors by Market Cap
The table below lists competitors of Larsen & Toubro Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Industrial Bank Co Ltd
SHG:601166
|
$55.53 Billion |
|
BANK O.CHINA H ADR/25 YC1
F:W8VS
|
$55.92 Billion |
|
Wheaton Precious Metals Corp
TO:WPM
|
$56.11 Billion |
|
Dominion Energy Inc
NYSE:D
|
$56.20 Billion |
|
JAPAN TOBACCO UNSP.ADR1/2
F:JATA
|
$55.39 Billion |
|
Glencore plc
MX:GLENN
|
$55.35 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$55.35 Billion |
|
Nordea Bank Abp
HE:NDA-FI
|
$55.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Larsen & Toubro Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 863,592,400,000 to 976,556,000,000, a change of 112,963,600,000 (13.1%).
- Net income of 150,371,100,000 contributed positively to equity growth.
- Dividend payments of 38,495,700,000 reduced retained earnings.
- New share issuances of 93,200,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €150.37 Billion | +15.4% |
| Dividends Paid | €38.50 Billion | -3.94% |
| Share Issuances | €93.20 Million | +0.01% |
| Other Changes | €995.00 Million | +0.1% |
| Total Change | €- | 13.08% |
Book Value vs Market Value Analysis
This analysis compares Larsen & Toubro Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €358.83 | €35.20 | x |
| 2018-03-31 | €397.16 | €35.20 | x |
| 2019-03-31 | €444.67 | €35.20 | x |
| 2020-03-31 | €475.27 | €35.20 | x |
| 2021-03-31 | €540.16 | €35.20 | x |
| 2022-03-31 | €586.52 | €35.20 | x |
| 2023-03-31 | €635.55 | €35.20 | x |
| 2024-03-31 | €628.22 | €35.20 | x |
| 2025-03-31 | €710.12 | €35.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Larsen & Toubro Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.92%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 3.89x
- Recent ROE (15.40%) is above the historical average (13.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.03% | 5.61% | 0.51x | 4.22x | €10.20 Billion |
| 2018 | 13.24% | 6.25% | 0.48x | 4.40x | €18.04 Billion |
| 2019 | 14.28% | 6.40% | 0.50x | 4.48x | €26.68 Billion |
| 2020 | 14.31% | 6.62% | 0.47x | 4.62x | €28.77 Billion |
| 2021 | 15.27% | 8.52% | 0.44x | 4.10x | €39.96 Billion |
| 2022 | 10.52% | 5.54% | 0.49x | 3.88x | €4.29 Billion |
| 2023 | 11.72% | 5.71% | 0.55x | 3.70x | €15.38 Billion |
| 2024 | 15.12% | 5.96% | 0.64x | 3.94x | €44.23 Billion |
| 2025 | 15.40% | 5.92% | 0.67x | 3.89x | €52.72 Billion |
Industry Comparison
This section compares Larsen & Toubro Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $43,529,309,601
- Average return on equity (ROE) among peers: -55.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Larsen & Toubro Limited (LTO) | €1.15 Trillion | 12.03% | 2.29x | $55.44 Billion |
| SINOPEC Engineering (Group) Co. Ltd (1NS) | $30.04 Billion | 7.60% | 1.62x | $1.11 Billion |
| China Aluminum International Engineering Corporation Limited (4AI) | $15.64 Billion | -12.64% | 2.49x | $129.83 Million |
| China Railway Construction Corporation Limited (4FF) | $262.02 Billion | 7.71% | 3.13x | $1.55 Billion |
| Metallurgical Corporation of China Ltd (6MT) | $83.11 Billion | 6.47% | 3.54x | $620.95 Million |
| TEKMAR GROUP PLC LS-01 (6UA) | $24.44 Million | -15.98% | 0.72x | $14.51 Million |
| Monadelphous Group Ltd (8MP) | $368.10 Million | 28.75% | 1.16x | $1.78 Billion |
| OPERAD.D.SIT.MEX.A1 -01 (98Y) | $43.87 Billion | -0.52% | 1.37x | $2.45 Billion |
| ENERSIDE ENERGY EO -01 (9O8) | $6.44 Million | -601.62% | 10.66x | $39.43 Million |
| ABO Wind AG (AB9) | $51.99 Million | 14.95% | 1.41x | $58.64 Million |
| SRV YHTIOET OYJ (B7J1) | $166.00 Million | 9.31% | 2.00x | $87.79 Million |
About Larsen & Toubro Limited
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 Pro… Read more