Larsen & Toubro Balance Sheet
- Market cap
- ₹5.07 lakh crore
- P/E
- 30.6
- P/B
- 4.64
- ROE
- 15.5%
- Dividend yield
- 1.20%
As of Mar 2022, Larsen & Toubro had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 99.01% from Mar 2023.
Larsen & Toubro balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 281 | 275 | 275 | 275 |
| Reserves | 8,500 | 74,520 | 79,490 | 89,974 | 1,00,764 |
| Borrowings | 1,200 | 1,20,650 | 1,16,322 | 1,32,409 | 1,25,497 |
| Other liabilities | 3,500 | 1,06,135 | 1,21,264 | 1,31,712 | 1,98,522 |
| Total liabilities | 13,700 | 3,30,352 | 3,40,136 | 3,79,524 | 4,52,550 |
| Fixed assets | 6,500 | 16,461 | 18,565 | 19,799 | 22,599 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 66,070 | 68,027 | 75,905 | 90,510 |
| Other assets | 4,300 | 99,106 | 1,02,041 | 1,13,857 | 1,35,765 |
| Total assets | 13,700 | 3,30,352 | 3,40,136 | 3,79,524 | 4,52,550 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Larsen & Toubro balance sheet — frequently asked questions
What is the total debt of Larsen & Toubro?
Larsen & Toubro reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹1.21 lakh crore as of Mar 2023.
What is Larsen & Toubro's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Larsen & Toubro's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Larsen & Toubro's total assets?
Larsen & Toubro's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.