Larsen & Toubro Limited (LT) — Tangible Net Worth Ratio
Larsen & Toubro Limited (LT) has a Tangible Net Worth Ratio of 98.4% as of March 2026. This metric is calculated by deducting intangible assets (Rs21.03 Billion) from net assets (Rs1.29 Trillion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See LT total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Larsen & Toubro Limited Tangible Net Worth Ratio (2002–2026)
This chart shows how Larsen & Toubro Limited's Tangible Net Worth Ratio has changed across 25 annual periods from 2002 to 2026. As of March 2026, the ratio stands at 98.4%, reflecting net assets of Rs1.29 Trillion with intangible assets of Rs21.03 Billion INR. Also explore LT net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Larsen & Toubro Limited (2002–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Larsen & Toubro Limited from 2002 to 2026, covering 25 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of Larsen & Toubro Limited.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 98.4% | Rs1.29 Trillion | Rs21.03 Billion | Rs4.53 Trillion | ▲ +13.3 pp |
| 2025 | 85.1% | Rs1.15 Trillion | Rs172.49 Billion | Rs3.80 Trillion | ▲ +2.2 pp |
| 2024 | 82.9% | Rs1.03 Trillion | Rs175.32 Billion | Rs3.40 Trillion | ▲ +0.4 pp |
| 2023 | 82.5% | Rs1.04 Trillion | Rs181.24 Billion | Rs3.30 Trillion | ▲ +2.2 pp |
| 2022 | 80.3% | Rs953.74 Billion | Rs188.09 Billion | Rs3.20 Trillion | ▲ +2.2 pp |
| 2021 | 78.0% | Rs879.20 Billion | Rs193.10 Billion | Rs3.11 Trillion | ▲ +3.9 pp |
| 2020 | 74.2% | Rs762.44 Billion | Rs196.83 Billion | Rs3.08 Trillion | ▼ -3.2 pp |
| 2019 | 77.4% | Rs692.01 Billion | Rs156.59 Billion | Rs2.79 Trillion | ▼ -0.9 pp |
| 2018 | 78.2% | Rs612.82 Billion | Rs133.31 Billion | Rs2.45 Trillion | ▲ +0.2 pp |
| 2017 | 78.1% | Rs537.80 Billion | Rs117.86 Billion | Rs2.12 Trillion | ▲ +46.5 pp |
| 2016 | 31.6% | Rs507.61 Billion | Rs347.29 Billion | Rs2.28 Trillion | ▼ -16.6 pp |
| 2015 | 48.1% | Rs459.08 Billion | Rs238.05 Billion | Rs1.94 Trillion | ▼ -4.4 pp |
| 2014 | 52.5% | Rs408.91 Billion | Rs194.10 Billion | Rs1.70 Trillion | ▼ -7.1 pp |
| 2013 | 59.6% | Rs365.13 Billion | Rs147.42 Billion | Rs1.43 Trillion | ▼ -0.8 pp |
| 2012 | 60.4% | Rs311.40 Billion | Rs123.21 Billion | Rs1.19 Trillion | ▲ +7.2 pp |
| 2011 | 53.2% | Rs260.77 Billion | Rs122.06 Billion | Rs945.78 Billion | ▼ -15.5 pp |
| 2010 | 68.7% | Rs220.79 Billion | Rs69.08 Billion | Rs709.63 Billion | ▲ +9.3 pp |
| 2009 | 59.4% | Rs150.46 Billion | Rs61.05 Billion | Rs568.13 Billion | ▼ -40.6 pp |
| 2008 | 100.0% | Rs117.54 Billion | Rs0.00 | Rs399.98 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | Rs75.67 Billion | Rs0.00 | Rs248.76 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | Rs50.71 Billion | Rs0.00 | Rs164.46 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | Rs34.21 Billion | Rs0.00 | Rs131.82 Billion | ▲ +1.7 pp |
| 2004 | 98.3% | Rs27.75 Billion | Rs479.80 Million | Rs89.52 Billion | ▼ -1.7 pp |
| 2003 | 100.0% | Rs35.63 Billion | Rs0.00 | Rs115.24 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | Rs33.44 Billion | Rs0.00 | Rs107.02 Billion | — |