Should I buy Larsen & Toubro stock in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been closely monitoring the performance of Larsen & Toubro for more than three years. Every month, hundreds of thousands of users in India rely on us to decipher trends in the market and discover the most promising investment opportunities. Our analyses are provided solely for informational purposes and should not be considered investment advice. In line with our ethical charter, we have never been, and will never be, paid by Larsen & Toubro.

What is Larsen & Toubro?

How much is Larsen & Toubro stock?

The price of Larsen & Toubro stock is rising this week. As of today, the share trades at ₹3,330.20, with a positive 24-hour gain of ₹24.10 (+0.73%) and a strong weekly increase of ₹69.50 (+2.13%).

L&T's current beta of 1.4 indicates higher volatility than the broader market. Investors should be aware of the stock’s above-average volatility and consider both its robust growth prospects and premium valuation in the Indian market.

Our full analysis on Larsen & Toubro stock

We have conducted a comprehensive review of Larsen & Toubro's (L&T) latest financial results and scrutinized its stock performance over the past three years, leveraging our proprietary models that synthesize quantitative financial indicators, technical signals, peer benchmarking, and holistic market data. Integrating these multifaceted inputs enables a nuanced perspective that uncovers both near-term trends and secular drivers. So, why might Larsen & Toubro stock once again become a strategic entry point into the infrastructure, engineering, and technology sector in 2025?

Recent Performance and Market Context

Larsen & Toubro’s share price stands at ₹3,330.20 (as of May 5, 2025), reflecting a resilient trajectory despite broader market volatility. Over the past three years, L&T has generated substantial shareholder value, outperforming key sector indices thanks to its robust business diversification, strong execution, and persistent top-line growth. Notably, the stock remains within its 52-week range of ₹2,965.30 to ₹3,963.50, suggesting a base-building phase with upside potential as macro tailwinds and business execution intersect.

Recent quarters have seen a raft of positive developments:

• Record Order Inflow: Q3 FY25 saw an all-time high in order inflow at ₹116,036 crore—up an outstanding 53% YoY—catalyzed by wins in complex infrastructure and hydrocarbon projects, both domestically and internationally.
• Earnings Growth: Consolidated revenue jumped 17% YoY to ₹64,668 crore, and net profit rose 14% YoY to ₹3,359 crore, emphasizing both scale and margin resilience.
• International Strength: Over half of recent order inflow (53%) originated from global markets, particularly the Middle East, diversifying risk and expanding the addressable market.
• Dividend Consistency: The company reaffirmed balance sheet strength and shareholder commitment by declaring a healthy dividend of ₹28 per share, with a payout ratio at 36%.

Macroeconomically, India’s enduring commitment to infrastructure modernization via schemes like “Viksit Bharat” augurs well for L&T’s order prospects. The government’s consistent infrastructure capex, pro-manufacturing policies, and the secular push in renewable and digital infrastructure further reinforce sector-level optimism. L&T, as a leader, appears ideally positioned for acceleration as the capex cycle matures.

Technical Analysis

A closer assessment of L&T’s technical posture uncovers several constructive signals for bullish market participants:

• Relative Strength Index (RSI): Standing at 53.4, L&T’s RSI is anchored in neutral territory, indicating balanced accumulation and the absence of overbought/exhausted conditions. This typically precedes new directional moves, with modest upward room.
• MACD: The MACD is +7.0 and remains above its signal line, typically a precursor to bullish price momentum and trend reversals.
• Moving Averages: The stock is trading firmly above its 5-day, 20-day, and 50-day SMAs (₹3,264.8–₹3,279.3), signaling short- and medium-term support, while being slightly below its 100-day and 200-day SMAs (₹3,426.1 and ₹3,520.9). This suggests L&T could be in the initial phase of a trend recovery, with a potential to challenge longer-term resistance as momentum builds.
• Beta and Volatility: With a one-year beta of 1.4, L&T demonstrates healthy volatility, offering dynamic trading opportunities for strategic investors.

Support and Resistance Levels

• Key Support: ₹3,300.7 (recent technical low), ₹3,264.8 (20-day SMA), and the 52-week low of ₹2,965.3 provide meaningful floors.
• Immediate Resistance: ₹3,350, with further technical ceilings at the 100-day and 200-day SMAs (₹3,426.1 and ₹3,520.6, respectively).

Overall, the technical structure points to an evolving upside setup: the stock’s stabilizing base, recovering short-term trends, and constructive indicators suggest a favorable technical entry zone, especially as it approaches solid support and looks primed to retest resistance levels.

Fundamental Analysis

L&T’s fundamental framework continues to underpin its equity resilience and valuation appeal:

• Revenue and Profitability: Q3 FY25 featured consolidated revenue growth of 17% and net profit up by 14% YoY—remarkable figures for an established conglomerate. Its EBITDA margin stands at a robust ~13%, signifying efficient cost management amidst scale.
• Order Book Strength: The company boasts a record order book of ₹564,223 crore (+19% YoY), with order inflow maintaining double-digit momentum. This backlogs provides high forward revenue visibility and operational leverage for FY2026 and beyond.
• International Diversification: International operations now contribute 51% of total revenue, mitigating domestic cyclical risks and adding new layers of geographic and currency-driven growth.
• Strategic Expansion: The recent acquisition of a stake in E2E Networks deepens cloud and AI capabilities, positioning L&T competitively in the tech-enabled infrastructure space.
• Valuations: While the stock currently trades at a P/E of 32.96 and a P/B of 5.13—reflective of its sector leadership and growth trajectory—these figures remain justified in light of secular earnings growth, order book security, and a proven execution track record. The PEG ratio, implicitly supported by strong earnings momentum, alludes to further compounding value.
• Other Structural Strengths: L&T’s brand, decades-long execution history, and best-in-class project management fortify its market share, while innovation in green energy, digital engineering, and integrated EPC projects continues to attract marquee clients.

In summary, the fundamentals continue to justify renewed investor interest, especially as L&T’s financial metrics outpace industry norms, and the business repeatedly demonstrates adaptability in navigating macro and geopolitical shifts.

Volume and Liquidity

Liquidity-wise, L&T remains a stalwart among Indian blue chips:

• Sustained Volume: The trading liquidity for L&T shares is consistently robust, averaging daily volumes well above sector peers. This healthy float allows for efficient price discovery and dynamic revaluation by both institutional and retail participants.
• Market Participant Confidence: Persistent high turnover is indicative of strong sustained interest from long-only funds, domestic institutions, and global investors. Recent volume spikes around technical supports validate the conviction in L&T’s longer-term prospects.
• Float and Dynamics: The large and actively traded float enables more dynamic valuations and provides investors with flexibility in position sizing and trade management, making L&T dependable for both tactical and strategic allocations.

Catalysts and Positive Outlook

Several near- and medium-term catalysts could support an upward re-rating for L&T:

• Record Order Wins: The historic ₹116,036 crore order inflow in Q3 FY25 offers multi-quarter revenue visibility and underscores L&T’s project-winning prowess.
• Strategic Acquisitions: Investment in E2E Networks not only future-proofs core business segments but also opens new frontiers in cloud infrastructure and AI-driven EPC projects.
• ESG and Green Energy: Increasing focus on green, renewable, and sustainable engineering projects aligns with both government incentives and global ESG mandates, offering high growth optionality.
• Macro Tailwinds: Strong government push for infrastructure capex, smart cities, and energy transition projects under “Viksit Bharat” creates a fertile environment for business expansion and sustained order inflows.
• Digital Transformation: The convergence of traditional EPC with digital platforms, IoT, and automation is being meaningfully addressed by L&T’s technology subsidiaries, opening doors to higher-margin, scalable solutions.
• Favorable Regulatory Environment: Easing of project clearances, positive sectoral reforms, and increased private-public partnerships position L&T to capitalize on large-scale, complex projects more efficiently.

These factors, when combined, suggest that L&T is entering a phase where multiple tailwinds could coincide, providing structural support to valuations and enabling a new earnings upgrade cycle.

Investment Strategies

Investors looking to enter or scale positions in L&T may appreciate several differentiated strategies, adjustable to risk appetite and timing preference:

• Short-Term Positioning: Active traders may find L&T’s current level attractive, as technical indicators suggest momentum is building above short-term averages, with near-term resistance levels offering clear profit targets. A rebound from the ₹3,300–₹3,350 support band could provide a tactical swing trade, especially if volume confirms price action.
• Medium-Term Entry: For investors seeking a medium-term horizon (6–18 months), L&T’s expanding order book and the upcoming infrastructure catalysts (policy and spending announcements, quarterly results) could serve as triggers for incremental appreciation. Staggered accumulation around support zones could enhance returns as forthcoming catalysts materialize.
• Long-Term Allocation: Investors with a multi-year outlook should note L&T’s structural advantages: unmatched order book strength, diversification, brand leadership, a disciplined management team, and increasing international exposure. The stock, at current valuation, may be seen as a strategic allocation to capture India's expected GDP and infrastructure up-cycle as well as global project wins.

In all scenarios, the intersection of technical supports, robust order momentum, and cyclical tailwinds appears to provide an excellent opportunity for thoughtful accumulation, especially for those aiming to ride India’s infrastructure thesis.

Is it the Right Time to Buy Larsen & Toubro?

In reviewing the evidence, Larsen & Toubro demonstrates a compelling combination of operational excellence, strong and diversified business lines, a record-high order book, resurgent earnings growth, and strategic expansion into rapidly evolving domains such as green energy and digital infrastructure. While the stock trades at a well-deserved premium, the valuation is consistently backed by a forward-looking, disciplined management approach, high cash flows, and an embedded pipeline of future growth.

The stock’s technicals point to an emerging bullish setup, while its fundamentals offer rare clarity and predictability in a sector often marked by cyclicality and uncertainty. Backed by macroeconomic tailwinds, favorable government policy, and a series of business catalysts, L&T seems poised to embark on a new phase of performance.

While prudent investors will always weigh valuation and entry timing, the convergence of strong financials, credible technical support, ambitious strategic pivots, and macro momentum suggest that Larsen & Toubro should be seriously considered for inclusion in portfolios seeking exposure to India’s dynamic infrastructure, engineering, and technology space. Indeed, for investors with conviction in India’s long-term growth story, L&T’s current setup seems to represent an excellent opportunity for strategic portfolio positioning as 2025 unfolds.

In summary: Larsen & Toubro’s current configuration of growth, scale, and leadership, underscored by robust fundamentals and multiple growth levers, offers a compelling case for confident, forward-looking investment consideration.

How to buy Larsen & Toubro stock in India?

Buying Larsen & Toubro (L&T) stock online as a retail investor in India is straightforward, secure, and regulated—whether you want to take direct ownership or speculate on price movements. The two primary approaches are spot (cash) buying, where you own the shares, and trading via Contracts for Difference (CFDs), where you trade on price movements without owning the asset. Both routes are popular and accessible through SEBI-regulated brokers in India. Read on for a breakdown of each method and practical examples, followed by a broker comparison further down the page to help you choose the right platform.

Cash buying

A cash purchase means buying Larsen & Toubro shares directly on Indian exchanges (NSE or BSE) and becoming a part-owner. This grants you voting rights and eligibility for dividends. Typically, brokers charge a fixed commission per order, ranging from ₹20 to ₹40, or a small percentage of the transaction value.

Example

Suppose the share price of Larsen & Toubro is ₹3,330 per share, and you wish to invest ₹85,000 (approximately $1,000). Excluding fees, you could buy around 25 shares (₹3,330 × 25 = ₹83,250), with some funds left for brokerage. Factoring in a brokerage fee of approximately ₹400 (about $5), your total spend is close to ₹83,650.

Gain scenario

If the share price rises by 10% to ₹3,663, your holdings are now worth ₹91,575. That’s a gross gain of ₹8,325, or +10% on your initial investment (before taxes and fees).

Trading via CFD

CFD trading lets you speculate on Larsen & Toubro’s share price without owning the shares—you “contract” with a broker to exchange the difference in price from open to close. Key fees include the spread (the gap between buy/sell prices) and possible overnight financing costs if you hold the position beyond one day.

Example

With a ₹85,000 ($1,000) stake and 5x leverage, you’re exposed to a market position worth ₹4,25,000 (about $5,000).

Gain scenario

If the stock rises by 8%, your CFD position gains 8% × 5 = 40%. That’s ₹34,000 (about $400) gain on your ₹85,000 input—excluding effect of spreads and overnight fees.

Final advice

Before investing, take the time to compare brokers’ commissions, platforms, leverage policies, and total fees—small differences can impact your returns. The best choice depends on your objectives: buy-and-hold investors may prefer direct, cash-based investing for its simplicity and potential dividends, while active traders might favour CFDs for leverage and flexibility. See the broker comparison further down this page to find an option that best matches your investing style and goals.

Application

Notes

Learn more

#1

Forex specialist

#1

Eightcap

Notes

4.9

Discover

5 things to know about Eightcap

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

#2

CFD specialist

#2

Avatrade

Notes

4.8

Discover

20% bonus on deposit

5 Things to Know About Avatrade

Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

#3

Expert in Forex and CFD

#3

Vantage

Notes

4.8

Discover

50% bonus on 1st deposit

5 things to know about Vantage

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Our 7 tips for buying Larsen & Toubro stock

The latest news about Larsen & Toubro

Larsen & Toubro reported a record-breaking order inflow of ₹116,036 crore in Q3 FY25, up 53% year-on-year. This significant surge in order intake marks the company’s highest ever quarterly achievement, reflecting strong demand across its core sectors, especially infrastructure and heavy engineering. With its consolidated order book swelling to an all-time high of ₹564,223 crore, L&T now boasts robust revenue visibility and capacity to drive sustained top-line growth over the coming quarters, aligning well with ongoing public and private investments in India’s infrastructure ecosystem.

The company’s latest quarterly financials show a 17% YoY rise in revenue and a 14% YoY gain in net profit, demonstrating healthy execution despite a challenging environment. Revenue for Q3 FY25 reached ₹64,668 crore, backed by stellar performance in the Infrastructure Projects segment, while consolidated net profit stood at ₹3,359 crore. This underscores L&T’s operational resilience and effective project delivery even as macroeconomic headwinds and some margin pressure persist. Management attributes these results to timely execution, cost control, and a customer-centric approach rooted in operational excellence.

More than half of Larsen & Toubro’s revenues now come from international markets, with Middle East projects playing a crucial role. With 51% of total revenue and 53% of order inflows originating overseas, the company has strategically reduced its dependence on the Indian market, insulating itself from domestic cycles. Major contributions from the Middle East, coupled with a growing footprint in Africa and Southeast Asia, have enhanced geographic diversification, enabling L&T to tap into large-scale opportunities in global infrastructure, energy transition, and hydrocarbon sectors.

Larsen & Toubro has completed a strategic acquisition of a stake in E2E Networks, strengthening its position in cloud services and artificial intelligence. This move supports L&T’s digital transformation agenda and broadens offerings in technology-driven engineering solutions, which are expected to become increasingly relevant given India’s rapid digitization and the government’s ambition to promote “Viksit Bharat.” The acquisition is poised to open up new revenue streams while enhancing the company’s competitiveness in both domestic and export markets.

The company continues its pattern of shareholder-friendly actions with a ₹28 per share dividend declared for FY24 and a rising trend in annual payouts. The sustained increase in dividends over consecutive years highlights L&T’s strong cash generation capabilities and its commitment to rewarding investors, making the stock attractive to income-oriented participants. Consistent payout ratios around 36% and a healthy balance sheet bolster investor confidence in the company’s ability to balance growth initiatives with shareholder returns.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.