Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Builds roads, metros, power and water projects, factories, refineries and defence platforms in India and the Middle East. L&T is the only construction stock in the index, a few percent of it.
Why it matters
L&T's order book is the market's best single read on government and private capex in India and Gulf energy spending.
Where the value pool sits
A large, diversified order book gives multi-year revenue visibility; margins are thin in civil construction and better in hydrocarbons, defence and its IT subsidiaries.