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Prices as of 8 Oct 2026 close · Not investment advice

Larsen & Toubro

NSE: LTCivil Construction

Share price

₹3,625.10

-2.06% close of 8 Oct 2026

Market cap ₹4.98L CrP/E 28.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

65

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹4.98L Cr

P/E ratio

28.3

P/B ratio

4.6

ROCE

14.6%

ROE

15.9%

Dividend yield

1.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹4,418.1052-week low ₹3,342.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.8% over the past year, and 14.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 14.2% to 12.5% over the last four years.

Whether it grew faster than its sector

It grew 14.6% a year against a sector median of 9.1% — 5.5 percentage points faster.

Room to re-rate, or risk of de-rating

At 28.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 29.2×, across 5 companies. It is against its own five-year median of 32.5×, the 15th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.7 times its growth rate, on earnings growth of 17%.

Profit growthPrice per ₹1 profitPer 1% growth
Larsen & Toubro — this one17%/yr28.3×₹1.7
Rail Vikas Nigam Limited-13%/yr43.4×—
Kalpataru Projects International Limited36%/yr21.4×₹0.60
IRB Infrastructure Developers Limited8%/yr21.6×₹2.7
NBCC (India) Limited13%/yr29.2×₹2.2
Cemindia Projects Limited68%/yr32.2×₹0.47

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 41 of 89 on returns, 30 of 84 on growth, 41 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 14.6% on capital, ahead of 54% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹86099 crore of cash from the business, spent ₹19052 crore on plant and equipment, and returned ₹47765 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 77 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 0 days for its cash to paid 27 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Order wins crossed Rs 1 lakh crore in a quarter for the first time, but revenue grew only 7%

Announced 28 Jul 2026 · Consolidated

Revenue

₹67,942 Cr

Revenue vs last year

+6.7%

Revenue vs last quarter

-17.9%

Net profit

₹4,988 Cr

Profit vs last year

+15.5%

Profit vs last quarter

-18.7%

Net margin

7.3%

EPS

₹29.97

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹4.98L Cr
Prev close
₹3,625.10
52w High
₹4,440
52w Low
₹3,288
Enterprise value
₹5.44L Cr
Beta
1.3
Price CAGR 1y
-1.0%
Price CAGR 3y
6.0%
Price CAGR 5y
16.0%
Price CAGR 10y
14.0%

Ratios

Return on assets
4.2%
PEG ratio
1.7
P/E ratio
28.3
P/B ratio
4.6
EV / EBITDA
15.0
Industry P/E
15.6
ROCE
14.6%
ROCE 5y average
13.0%
ROE
15.9%
Debt / Equity
1.1
Interest coverage
3.6
Dividend yield
1.0%
ROE 3y average
16.0%
ROE last year
16.0%

Annual P&L

Annual revenue
₹2.86L Cr
Annual profit
₹18,954 Cr
Operating margin
13.0%
Net profit margin
6.6%
EBITDA margin
12.7%
Sales growth 3y
16.0%
Sales growth 5y
16.0%
Profit growth 3y
17.0%
Profit growth 5y
3.0%
EPS
₹117
Sales growth TTM
10.0%
Profit growth TTM
13.0%
Dividend payout
32.0%

Quarter P&L

Sales latest quarter
₹67,942 Cr
Profit latest quarter
₹4,988 Cr
YoY quarterly sales growth
6.7%
YoY quarterly profit growth
15.5%
OPM latest quarter
12.0%

Balance Sheet

Book Value
₹795
Face Value
₹2.0
Total debt
₹1.25L Cr
Total cash
₹20,848 Cr
Borrowings
₹1.25L Cr
Reserves / Equity
396.4

Cash Flow

Operating cash flow
₹16,741 Cr
Free cash flow
₹12,272 Cr
FCF yield
0.4%
Net cash flow
₹3,204 Cr

Shareholding

Promoter holding
—
FII holding
19.1%
DII holding
43.0%
Public holding
37.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,701.5028.95,08,8831.034,988.014.067,941.76.714.6
Rail Vikas195.8745.440,8350.87159.518.54,321.210.610.8
Kalpataru Proj.1,458.4022.424,8870.75311.545.16,408.03.818.3
IRB Infra.Devl.17.4421.421,0290.89306.351.32,137.31.87.5
NBCC76.7430.220,6801.30158.017.22,259.5-5.529.3
Cemindia Project1,137.8032.519,5460.26140.82.62,720.95.632.8
Engineers India308.3022.117,3421.62157.9141.5819.8-5.830.4
Median129.9416.36660.0010.717.2175.411.515.6

Competes with: A B Infrabuild Limited, A2Z Infra Engineering Limited, ATLANTAA LIMITED, Afcons Infrastructure Limited, Ahluwalia Contracts (India) Limited, Akash Infra-Projects Limited, Annu Projects Limited, Ashoka Buildcon Limited, B. L. Kashyap and Sons Limited, BCPL Railway Infrastructure Limited, Banka BioLoo Limited, Bharat Heavy Electricals, Bharat Road Network Limited, Brahmaputra Infrastructure Limited, Capacit'e Infraprojects Limited, Ceigall India Limited, Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Deepak Builders & Engineers India Limited, Dilip Buildcon Limited, Engineers India Limited, G R Infraprojects Limited, GK Energy Limited, GPT Infraprojects Limited, Garuda Construction and Engineering Limited, Gayatri Projects Limited, Globe Civil Projects Limited, H.G. Infra Engineering Limited, HEC Infra Projects Limited, Hazoor Multi Projects Limited, Hindustan Construction Company Limited, IRB Infrastructure Developers Limited, Indian Hume Pipe Company Limited, Interarch Building Solutions Limited, Ircon International Limited, Isgec Heavy Engineering Limited, J.Kumar Infraprojects Limited, KEC International Limited, KNR Constructions Limited, Kalpataru Projects International Limited, Kridhan Infra Limited, LCC Projects Limited, Likhitha Infrastructure Limited, M & B Engineering Limited, MBL Infrastructure Limited, Madhav Infra Projects Limited, Madhucon Projects Limited, Man Infraconstruction Limited, Markolines Pavement Technologies Limited, Mold-Tek Technologies Limited, NBCC (India) Limited, NCC Limited, Navkar Urbanstructure Limited, Niraj Cement Structurals Limited, OM INFRA LIMITED, Om Power Transmission Limited, PNC Infratech Limited, PSP Projects Limited, Patel Engineering Limited, Power Mech Projects Limited, R.P.P. Infra Projects Limited, RITES Limited, RKEC Projects Limited, Rail Vikas Nigam Limited, Ramky Infrastructure Limited, Rudrabhishek Enterprises Limited, SAB Industries Limited, SEPC Limited, SPML Infra Limited, SRM Contractors Limited, Sadbhav Engineering Limited, Sadbhav Infrastructure Project Limited, Semac Construction Limited, Simplex Infrastructures Limited, Solarworld Energy Solutions Limited, Sterling and Wilson Renewable Energy Limited, Supreme Infrastructure India Limited, Swastika Infra Limited, Tarmat Limited, Teamo Productions HQ Limited, Techno Electric & Engineering Company Limited, Twamev Construction and Infrastructure Limited, Udayshivakumar Infra Limited, Univastu India Limited, Vikran Engineering Limited, Vindhya Telelinks Limited, Vishnu Prakash R Punglia Limited, Viviana Power Tech Limited, W S Industries (I) Limited, Welspun Enterprises Limited, Zodiac Energy Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales47,88251,02455,12867,07955,12061,55564,66874,39263,67967,98471,45082,76267,942
Expenses41,56643,98447,92958,42648,07453,63856,77064,51655,65559,47062,25972,34359,793
Material Cost21,61024,59324,45129,93920,959
Change in Inventories-493-169-11-1,290-1,791
Purchases of Stock-in-Trade212302298450427
Employee Cost12,63812,98612,80013,76314,043
Other Expenses23,39423,46526,49531,29128,187
Operating Profit6,3167,0407,1998,6537,0467,9177,8989,8768,0248,5139,19010,4198,149
OPM %13141313131312131313131312
Other Income1,1461,1338381,1359211,1019681,6101,3571,384-3501,6472,377
Exceptional items (within Other Income)00-1,791690
Interest2,2992,2722,3442,3452,2922,4392,4862,4192,4882,4702,3992,4882,571
Depreciation8309109211,0219981,0241,0471,0521,0331,0921,0721,1681,032
Profit before tax4,3324,9914,7726,4224,6775,5555,3338,0145,8606,3365,3708,4106,922
Tax %28232522262625232626292528
Net Profit3,0963,8463,5935,0133,4454,0993,9746,1564,3184,6783,8256,1334,988
EPS in Rs18232132202524402629233930
Diluted EPS in Rs2629233930

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales91,9291,01,1221,09,3121,19,6831,35,2201,45,4521,35,9791,56,5211,83,3412,21,1132,55,7342,85,8742,90,137
Expenses76,24585,63792,69199,5721,12,3541,20,8991,12,5191,32,2071,56,1751,92,3552,21,1832,49,5302,53,866
Material Cost1,00,592
Change in Inventories-1,963
Purchases of Stock-in-Trade1,262
Employee Cost52,187
Other Expenses1,04,644
Operating Profit15,68415,48616,62020,11122,86624,55323,46024,31427,16628,75834,55136,34536,272
OPM %17151517171717161513141312
Other Income1,4221,2191,4661,4652,7013,0158,1112,3642,8914,9533,0744,0525,058
Exceptional items (within Other Income)-1,722
Interest7,2666,8996,8297,7149,33911,02111,7509,2359,4459,5129,92510,0569,928
Depreciation2,6231,7872,3702,2231,9232,4622,9042,9483,5023,6824,1214,3654,364
Profit before tax7,2178,0208,88711,63914,30514,08616,91814,49517,10920,51723,57925,97627,039
Tax %313023272823242926242526
Net Profit4,9664,5926,4868,00410,21710,89412,92110,41912,53115,54717,67318,95419,624
EPS in Rs34314353636882627595109117121
Diluted EPS in Rs117
Dividend Payout %324022302826443632363132

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
16%
3 years
16%
TTM
10%

Compounded profit growth

10 years
15%
5 years
3%
3 years
17%
TTM
13%

Stock price CAGR

10 years
14%
5 years
16%
3 years
6%
1 year
-1%

Return on equity

10 years
15%
5 years
14%
3 years
16%
Last year
16%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital186186187280281281281281281275275275
Reserves40,72343,99450,03054,62362,09466,44275,58882,12789,04586,08497,3811,09,015
Borrowings93,63088,13593,9541,07,5241,25,5551,43,1741,34,6291,25,5081,20,6501,16,3221,32,4091,25,497
Other Liabilities58,72761,77567,40080,81290,10696,79099,5971,11,1121,19,7451,36,9211,49,0502,17,596
Minority Interest19,241
Total Liabilities1,93,2661,94,0912,11,5712,43,2402,78,0363,06,6873,10,0953,19,0283,29,7223,39,6023,79,1144,52,383
Fixed Assets34,73814,17616,67718,58021,19443,65344,31942,94542,64142,96444,05530,867
CWIP14,99310,97413,29813,44313,9193,3115001,2503,0663,0452,5893,311
Investments9,61215,46519,75315,31120,90720,04739,62739,39544,79845,64854,80568,377
Other Assets1,33,9231,53,4751,61,8431,95,9052,22,0162,39,6752,25,6492,35,4382,39,2172,47,9462,77,6653,49,828
Total Assets1,93,2661,94,0912,11,5712,43,2402,78,0363,06,6873,10,0953,19,0283,29,7223,39,6023,79,5244,52,383

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1,365-3,2406,655-10,031-4,7566,69423,07419,16422,77718,2669,15116,741
Cash from Investing Activity-4,778-4,627-9,7963,914-11,023-8,408-5,750-3,585-8,0482,179-15,479-11,380
Cash from Financing Activity7,9037,2532,8969,37015,4406,372-15,274-15,181-11,572-25,4136,557-2,156
Net Cash Flow1,759-613-2453,254-3384,6582,0493973,156-4,9682283,204
Free Cash Flow-7,460-7,3633,834-12,046-8,2553,39422,15116,12418,98414,0565,61112,272

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11994961019910211310889817777
Inventory Days765141455144514441323036
Days Payable288283301349340336401378302255208265
Cash Conversion Cycle-92-138-164-203-190-190-236-227-172-143-101-151
Working Capital Days1244424520252802-16-33-27
ROCE %101111141312101012131515

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs262624232221201919201919
DIIs373738394042434343434343
Government0.230.230.230.240.240.240.240.240.240.240.250.25
Public373737383837373737373838
No. of Shareholders14,07,11714,54,62415,64,08517,36,84416,89,15516,75,14617,06,26416,81,49116,71,00616,30,03118,01,25417,95,249

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -3.8% (₹3,769.20 → ₹3,625.10)Brick size ₹67.98 (fixed)Bricks 61
₹3,500₹4,000₹3,625Nov '25Feb '26Apr '26Jun '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹3,625.10 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

45,124inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,76,09,531inr

2026-03-31

News

News and filings about Larsen & Toubro. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • aluminium
  • cement
  • copper
  • steel

Buys from

Sells to

  • Adani Ports & SEZ · Construction
  • Bharat Petroleum Corporation · Hydrocarbon EPC (LLDPE/HDPE Swing Unit, Bina, MP)
  • Deendayal Port Authority · Green hydrogen demonstration plant EPC
  • Mumbai Metropolitan Region Development Authority · Heavy Civil EPC (twin road tunnels, Orange Gate to Marine Drive)
  • NTPC Limited · EPC Services (thermal power plant 2x800 MW Gadarwara + 3x800 MW Nabinagar, >Rs 15,000 cr)
  • Navi Mumbai International Airport · Greenfield airport construction

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE018A01030

Business segments

  • Infrastructure Projects · 47%
  • Energy Projects · 19%
  • IT & Technology Services · 19%
  • Financial Services · 6%
  • Hi-Tech Manufacturing · 5%
  • Others · 3%
  • Development Projects · 2%

Plants

  • A. M. Naik Heavy Engineering Complex, Hazira
  • Kattupalli Shipyard · Kattupalli, Tamil Nadu
  • Powai Campus · Mumbai, Maharashtra
  • Precision Manufacturing & Systems Complex, Coimbatore
  • Strategic Systems Complex, Talegaon
  • Vadodara Heavy Engineering Works (Ranoli)

News impact

Big market events that reach Larsen & Toubro, and how the effect spreads.

Who it hits first

  • Adani Ports & SEZ, India's largest private port operator, is spending $750 million to double its Colombo terminal to 3.2 million boxes (TEUs).
  • The bigger terminal would handle about a quarter of the Port of Colombo's 13 million-box goal by 2028, lifting Adani's fee income from ships and cargo.
  • Rival port firms and most suppliers see no direct cargo gain from this one overseas terminal.

Who may gain

  • Adani Ports & SEZ — more Colombo boxes and fees as the new berths fill.
  • Large builders such as Larsen & Toubro — possible construction orders from the $750M terminal works.

Along the supply chain

Downstream

Downstream, shipping lines and freight movers get more Colombo berth space and faster turnarounds once the 3.2M-box terminal opens, which can trim delays for cargo passing through Sri Lanka.

Upstream

Upstream, builders, cement, steel and crane makers stand to supply the wharves, yards and handling gear for the $750M build, though the pack's supply links to Adani Ports are mostly unverified and no orders are shown yet.

Where demand moves

Business

Business demand flows to Adani Ports as extra Colombo boxes pay port fees, storage rent and handling charges; a smaller slice may flow to builders and material firms if they win pieces of the $750M works, while rival ports gain no extra ships.

Capital

Capital demand tilts toward Adani Ports shares on the growth news, with a mild sympathy bid for port and builder shares; no broad market inflow, since this is one company's overseas project rather than a sector-wide demand shock.

How it spreads across sectors

Capital Goods

Crane and yard-gear makers could see enquiries, with no orders yet.

Construction

Terminal builders see a possible $750M order pool, too small to move the whole sector.

Services

Port operators firm on trade-growth sentiment, but only Adani gains real Colombo volume; rivals are muted.

When it plays out

Immediate

Adani Ports shares react to the $750M Colombo news; builders edge up on possible orders while rivals drift.

Medium term

Early civil works and equipment orders show who really benefits; Colombo volumes build only as berths open toward 2028.

Short term

Contractors and suppliers are watched for tender wins; Adani holds gains if funding and timelines look firm.

Who it hits first

  • Power Mech Projects Limited won a Rs 279.20 crore three-year upkeep (O&M, or operations and maintenance) contract from Telangana Power Generation Corporation for YTPS.
  • The job covers ash and coal handling plants across five 800 MW units, adding to Rs 3,113 crore FY27 inflows and a Rs 17,317 crore order book.
  • Shares gained 3% as the recurring work lifts revenue visibility for the construction firm.

Who may gain

  • Power Mech Projects Limited, a construction firm for power work, as it bills the Rs 279.20 crore upkeep deal over three years.
  • Telangana Power Generation Corporation, the state power producer, as expert handling keeps its five 800 MW units running.
  • Workers and local vendors at YTPS, as three years of handling work sustains site jobs and supplies.

Along the supply chain

Downstream

Downstream, Telangana Power Generation Corporation, the power producer buyer, receives steady handling service for its YTPS units over three years.

Upstream

Upstream, the pack lists no suppliers to Power Mech, so no vendor gets a direct lift; spares and manpower will be sourced as the job runs.

Where demand moves

Business

TGGENCO pays Power Mech for running ash and coal handling, so Power Mech hires crews and buys spares while the plant stays online.

Capital

Investors lift Power Mech 3% on the recurring win, while rival contractors without new orders stay flat.

How it spreads across sectors

Construction

A Rs 279.20 crore recurring win shows power O&M outsourcing is steady, aiding sentiment for builders.

Power

Generators like TGGENCO secure reliable plant running, supporting steady power supply.

When it plays out

Immediate

Power Mech holds its 3% gain as the market digests the Rs 279.20 crore three-year award this week.

Medium term

Steady quarterly billing over three years; tight execution and cost control decide margins.

Short term

Crews and systems mobilise at YTPS while billing starts on the handling contract.

Who it hits first

  • NCC Limited won a Rs 1,076.71 crore drinking water order, excluding GST, for the Yeleru Reservoir multi-village scheme in Anakapalli, Andhra Pradesh.
  • Shares rallied 5% as the win adds clear revenue visibility for the construction firm.
  • The job will be built over coming quarters, turning into billed sales as villages get connected.

Who may gain

  • NCC Limited, a construction firm, as it bills the Rs 1,076.71 crore water contract over time.
  • ACE, a Capital Goods supplier to NCC, as site machines and equipment get ordered.
  • APL Apollo and Jindal Saw, suppliers to NCC, as pipes and materials are procured for the network.
  • Local villages in Anakapalli, as the multi-village scheme brings piped drinking water.

Along the supply chain

Downstream

Downstream, the Andhra Pradesh Rural Water Supply Department, the government buyer, pays NCC as work completes, and village households receive the drinking water.

Upstream

Upstream vendors such as Electrosteel Castings and Jindal Steel, both suppliers to NCC, plus pipe and steel makers, get a chance at project orders, though NCC may split buying across many vendors. Note: SIGIND and CROWN also supply to NCC per the graph but have no fundamentals row, so no signal was emitted for them.

Where demand moves

Business

NCC orders pipes, steel, cement and machines to build the network, so its suppliers see fresh purchase orders while villagers gain water.

Capital

Investors bid up NCC 5% on the win and look at its suppliers, while rivals without new orders stay flat.

How it spreads across sectors

Capital Goods

Makers of pipes and site equipment see a chance for fresh project orders.

Construction

Order-book sentiment improves as a Rs 1,076.71 crore water win shows state spending is flowing.

When it plays out

Immediate

NCC shares hold the 5% gain while the market checks order terms and margin scope this week.

Medium term

Billing builds over quarters as the Yeleru network is laid; state payment pace decides cash flow.

Short term

NCC mobilises men and machines in Anakapalli and starts placing pipe and material orders.

Who it hits first

  • Kalpataru Projects International, which builds transmission lines and infrastructure, rose 2.5% on September 28 after its Swedish unit Linjemontage i Grastorp listed on Nasdaq Stockholm at SEK 46.
  • Kalpataru keeps about 65.9% of the listed unit, so the listing puts a public price on a holding that was hard to value before.
  • The gain came despite a wider market sell-off, showing the listing news outweighed weak sentiment that day.

Who may gain

  • Kalpataru Projects International shareholders, who now see a market value for the kept 65.9% stake in the Swedish grid builder.
  • Linjemontage i Grastorp, the Swedish grid contractor, which gains its own listed shares and easier access to Swedish capital.
  • No rival builder gains work from this listing — the benefit stays with the owner of the stake.

Along the supply chain

Downstream

No change for buyers — grid owners such as Power Grid and GAIL buy finished lines, not shares, so their costs and timelines are untouched.

Upstream

No extra pull for suppliers — pipe and cable makers such as Welspun Corp, which supplies Kalpataru, see no new orders from a share listing.

Where demand moves

Business

No new building work changes hands — selling existing shares in Linjemontage at SEK 46 does not create transmission-line orders for Kalpataru or any rival.

Capital

Money flows toward Kalpataru as investors pay up for the newly priced 65.9% stake, while the Swedish unit collects its IPO funds in Stockholm for future grid work.

How it spreads across sectors

Capital Goods

No real lift for equipment and cable makers, since a single owner's stake listing creates no extra demand.

Construction

Mild positive mood as one builder shows a hidden asset can be priced, but no new orders spread to peers.

When it plays out

Immediate

Kalpataru shares hold the 2.5% listing pop over 1-7 days while traders compare the SEK 46 price to the kept 65.9% stake.

Medium term

Over 1-6 months value depends on the Swedish unit's grid orders and Kalpataru's debt and delivery, not the listing day.

Short term

Over 1-4 weeks focus shifts to whether the Swedish shares hold above SEK 46 and how Kalpataru uses any proceeds.

Who it hits first

  • Kalpataru Projects International, a construction and engineering builder, won a Rs 4,000-crore-plus gas pipeline building contract in the UAE.
  • Despite the win, Kalpataru Projects shares slipped 1.14% to Rs 1,375.30 from Rs 1,391.20, showing a cool first reaction.
  • The job adds large overseas backlog and multi-month execution work for Kalpataru Projects and its site suppliers.

Who may gain

  • Kalpataru Projects International, the construction and pipeline builder, gains backlog and revenue visibility
  • Pipe, cable and material suppliers to pipeline work see possible follow-on orders
  • UAE gas network owners gain delivery capacity for the pipeline stretch

Along the supply chain

Downstream

Downstream, the UAE gas system and its users gain pipeline capacity once built; Indian customers named in the graph such as GAIL India, Indian Oil and Power Grid gain no direct volumes from this UAE job.

Upstream

Upstream, pipe, steel, cable and engineering suppliers such as Welspun Corp, a large pipe maker, could see enquiries if Kalpataru Projects buys pipes and materials for the UAE pipeline stretch.

Where demand moves

Business

Kalpataru Projects receives direct business demand through a Rs 4,000-crore-plus UAE gas pipeline building job, adding multi-month site work, equipment hiring and subcontracting.

Capital

Investors reprice order-book visibility for Kalpataru Projects, while rivals get only light sentiment buying since no money or contract flows to them.

How it spreads across sectors

Construction

Order-book sentiment firms as a large overseas pipeline win shows demand for Indian builders, but only the winner books work.

Oil, Gas & Consumable Fuels

A new gas pipeline stretch supports gas movement and contractor demand, with no direct fuel-price change for Indian gas sellers.

When it plays out

Immediate

In 1-7 days Kalpataru Projects trades on order-book cheer against the weak 1.14% first reaction and margin questions.

Medium term

In 1-6 months progress depends on mobilisation, permits, pipe buying and execution updates from the UAE site.

Short term

In 1-4 weeks focus shifts to contract details, margin, payment terms and any supplier orders linked to the job.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 May 2026unspecified₹38
3 Jun 2025unspecified₹34
20 Jun 2024unspecified₹28
2 Aug 2023unspecified₹24
2 Aug 2023special₹6
21 Jul 2022unspecified₹22
28 Jul 2021unspecified₹18
4 Nov 2020special₹18

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.