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. Also explore Larsen & Toubro Limited (LT) equity growth momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see LT stock market capitalisation.
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. Explore LT capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |