Larsen & Toubro Limited vs HFCL Limited
An objective side-by-side of LT and HFCL, both in Engineering - Turnkey Services: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: LT Jun 2026 · HFCL Jun 2026
At a glance
- Larsen & Toubro Limited is the larger company by market value, about 16.4 times the size of HFCL Limited.
- On trailing earnings, Larsen & Toubro Limited trades at the lower P/E (27.4 against 54.3).
- Larsen & Toubro Limited earns the higher return on equity (18.0% against 12.3%).
- Over three years Larsen & Toubro Limited has grown profits faster (17% a year against 1%).
- Over the past year the share prices returned +8.9% (LT) and +190.1% (HFCL).
| Metric | Larsen & Toubro LT |
HFCL HFCL |
|---|---|---|
| Size and price | ||
| Market cap | ₹537,248 Cr | ₹32,795 Cr |
| Share price | ₹3,905 | ₹214.31 |
| Valuation | ||
| P/E | 27.38 | 54.30 |
| P/B | 4.92 | 6.71 |
| EV/EBITDA | 21.55 | 30.12 |
| PEG | 1.61 | 54.30 |
| Dividend yield | 1.0% | 0.1% |
| Profitability | ||
| ROE | 18.0% | 12.3% |
| ROCE | 15.0% | 11.0% |
| Operating margin | 10.6% | 19.1% |
| Sales (TTM) | ₹290,137 Cr | ₹5,993 Cr |
| Net profit (TTM) | ₹19,624 Cr | ₹604 Cr |
| Growth | ||
| Latest quarter sales YoY | +6.7% | +119.9% |
| Latest quarter profit YoY | +15.5% | +947.0% |
| Sales CAGR 3Y | +16.0% | +1.0% |
| Profit CAGR 3Y | +17.0% | +1.0% |
| Sales CAGR 5Y | +16.0% | +2.0% |
| Profit CAGR 5Y | +3.0% | +5.0% |
| Financial strength | ||
| Debt/Equity | 1.15 | 0.36 |
| Interest cover | 5.71 | 2.49 |
| Ownership | ||
| Promoter holding | — | 28.3% |
| Promoter change (4 qtrs) | — | -3.29 pp |
| Price performance | ||
| Return 1M | -4.32% | -4.28% |
| Return 3M | -7.06% | +2.32% |
| Return 1Y | +8.88% | +190.12% |
| Return YTD | -4.38% | +216.14% |
| Technical condition | ||
| Technical score | 30 | 29 |
| RS rating (1-99) | 53.00 | 98.00 |
| % vs 200-DMA | -1.83% | +58.84% |
| RSI (14) | 44.31 | 43.43 |
| % from 52-week high | -12.05% | -16.51% |
