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
Larsen & Toubro Limited (LTOUF) - Net Assets
Latest net assets as of September 2025: $1.20 Trillion USD
Based on the latest financial reports, Larsen & Toubro Limited (LTOUF) has net assets worth $1.20 Trillion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.91 Trillion) and total liabilities ($2.71 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.20 Trillion |
| % of Total Assets | 30.63% |
| Annual Growth Rate | 16.65% |
| 5-Year Change | 31.26% |
| 10-Year Change | 127.35% |
| Growth Volatility | 17.36 |
Larsen & Toubro Limited - Net Assets Trend (2002–2025)
This chart illustrates how Larsen & Toubro Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Larsen & Toubro Limited (2002–2025)
The table below shows the annual net assets of Larsen & Toubro Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.15 Trillion | +12.53% |
| 2024-03-31 | $1.03 Trillion | -0.98% |
| 2023-03-31 | $1.04 Trillion | +8.59% |
| 2022-03-31 | $953.74 Billion | +8.48% |
| 2021-03-31 | $879.20 Billion | +15.31% |
| 2020-03-31 | $762.44 Billion | +10.18% |
| 2019-03-31 | $692.01 Billion | +12.92% |
| 2018-03-31 | $612.82 Billion | +13.95% |
| 2017-03-31 | $537.80 Billion | +5.95% |
| 2016-03-31 | $507.61 Billion | +10.57% |
| 2015-03-31 | $459.08 Billion | +12.27% |
| 2014-03-31 | $408.91 Billion | +11.99% |
| 2013-03-31 | $365.13 Billion | +17.25% |
| 2012-03-31 | $311.40 Billion | +19.42% |
| 2011-03-31 | $260.77 Billion | +18.11% |
| 2010-03-31 | $220.79 Billion | +46.74% |
| 2009-03-31 | $150.46 Billion | +28.01% |
| 2008-03-31 | $117.54 Billion | +55.32% |
| 2007-03-31 | $75.67 Billion | +49.22% |
| 2006-03-31 | $50.71 Billion | +48.25% |
| 2005-03-31 | $34.21 Billion | +23.27% |
| 2004-03-31 | $27.75 Billion | -22.11% |
| 2003-03-31 | $35.63 Billion | +6.55% |
| 2002-03-31 | $33.44 Billion | -- |
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 94739370000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $947.39 Billion | 97.01% |
| Common Stock | $2.75 Billion | 0.28% |
| Other Comprehensive Income | $25.03 Billion | 2.56% |
| Other Components | $1.38 Billion | 0.14% |
| 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 |
|---|---|
|
Oversea-Chinese Banking Corporation Limited
PINK:OVCHF
|
$41.50 Billion |
|
Baidu Inc
NASDAQ:BIDU
|
$41.50 Billion |
|
Public Service Enterprise Group Inc
NYSE:PEG
|
$41.56 Billion |
|
Lonza Group Ltd
PINK:LZAGF
|
$41.73 Billion |
|
American International Group Inc
NYSE:AIG
|
$41.07 Billion |
|
Consolidated Edison Inc
NYSE:ED
|
$41.05 Billion |
|
COINBASE GLB.CL.A -00001
F:1QZ
|
$41.01 Billion |
|
Datadog Inc
NASDAQ:DDOG
|
$40.95 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 54,972,600,000 contributed positively to equity growth.
- Dividend payments of 38,495,700,000 reduced retained earnings.
- New share issuances of 93,200,000 increased equity.
- Other comprehensive income increased equity by 1,902,600,000.
- Other factors increased equity by 94,490,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $54.97 Billion | +5.63% |
| Dividends Paid | $38.50 Billion | -3.94% |
| Share Issuances | $93.20 Million | +0.01% |
| Other Comprehensive Income | $1.90 Billion | +0.19% |
| Other Changes | $94.49 Billion | +9.68% |
| 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.
- The price-to-book ratio has decreased from 1.21x to 0.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | $29.83 | $36.00 | x |
| 2003-03-31 | $31.79 | $36.00 | x |
| 2004-03-31 | $22.61 | $36.00 | x |
| 2005-03-31 | $26.75 | $36.00 | x |
| 2006-03-31 | $38.89 | $36.00 | x |
| 2007-03-31 | $53.30 | $36.00 | x |
| 2008-03-31 | $81.39 | $36.00 | x |
| 2009-03-31 | $104.82 | $36.00 | x |
| 2010-03-31 | $153.80 | $36.00 | x |
| 2011-03-31 | $181.02 | $36.00 | x |
| 2012-03-31 | $211.69 | $36.00 | x |
| 2013-03-31 | $243.12 | $36.00 | x |
| 2014-03-31 | $270.02 | $36.00 | x |
| 2015-03-31 | $291.82 | $36.00 | x |
| 2016-03-31 | $313.65 | $36.00 | x |
| 2017-03-31 | $357.86 | $36.00 | x |
| 2018-03-31 | $396.37 | $36.00 | x |
| 2019-03-31 | $444.09 | $36.00 | x |
| 2020-03-31 | $547.05 | $36.00 | x |
| 2021-03-31 | $625.41 | $36.00 | x |
| 2022-03-31 | $678.96 | $36.00 | x |
| 2023-03-31 | $735.87 | $36.00 | x |
| 2024-03-31 | $620.82 | $36.00 | x |
| 2025-03-31 | $709.69 | $36.00 | 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): 5.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.39%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 3.89x
- Recent ROE (5.63%) is below the historical average (16.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.37% | 4.49% | 0.72x | 3.20x | $124.43 Million |
| 2003 | 12.16% | 4.63% | 0.81x | 3.23x | $768.42 Million |
| 2004 | 19.20% | 5.57% | 1.07x | 3.23x | $2.55 Billion |
| 2005 | 31.65% | 7.28% | 1.09x | 3.98x | $7.18 Billion |
| 2006 | 26.53% | 8.02% | 1.00x | 3.31x | $8.21 Billion |
| 2007 | 32.36% | 11.01% | 0.82x | 3.59x | $15.48 Billion |
| 2008 | 21.47% | 7.96% | 0.73x | 3.69x | $12.42 Billion |
| 2009 | 26.87% | 9.35% | 0.71x | 4.06x | $23.59 Billion |
| 2010 | 25.29% | 12.20% | 0.61x | 3.38x | $32.09 Billion |
| 2011 | 17.50% | 8.50% | 0.55x | 3.78x | $18.79 Billion |
| 2012 | 16.09% | 7.35% | 0.54x | 4.05x | $17.90 Billion |
| 2013 | 15.37% | 7.04% | 0.52x | 4.23x | $18.20 Billion |
| 2014 | 13.00% | 5.81% | 0.50x | 4.51x | $11.31 Billion |
| 2015 | 11.65% | 5.32% | 0.46x | 4.75x | $6.74 Billion |
| 2016 | 11.57% | 5.03% | 0.45x | 5.17x | $6.91 Billion |
| 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% | 8.31% | 0.45x | 4.10x | $39.96 Billion |
| 2022 | 10.52% | 5.46% | 0.50x | 3.88x | $4.29 Billion |
| 2023 | 11.72% | 5.62% | 0.56x | 3.70x | $15.38 Billion |
| 2024 | 15.12% | 5.80% | 0.66x | 3.93x | $44.23 Billion |
| 2025 | 5.63% | 7.39% | 0.20x | 3.89x | $-42.68 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: $1,646,543,800
- Average return on equity (ROE) among peers: 16.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Larsen & Toubro Limited (LTOUF) | $1.20 Trillion | 10.37% | 2.26x | $41.16 Billion |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.09 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.40 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| AF Gruppen ASA (AGRUF) | $1.95 Billion | 35.44% | 2.36x | $547.02 Million |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $6.21 Billion |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |