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 2026-11-05 close
Latest results: LT Sep 2026 · HFCL Sep 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 (26.7 against 36.6).
- Larsen & Toubro Limited earns the higher return on equity (18.5% against 16.4%).
- Over three years Larsen & Toubro Limited has grown profits faster (17% a year against 1%).
- Over the past year the share prices returned +1.6% (LT) and +197.0% (HFCL).
| Metric | Larsen & Toubro LT |
HFCL HFCL |
|---|---|---|
| Size and price | ||
| Market cap | ₹557,226 Cr | ₹33,932 Cr |
| Share price | ₹4,050.00 | ₹221.74 |
| Valuation | ||
| P/E | 26.67 | 36.63 |
| P/B | 4.93 | 6.01 |
| EV/EBITDA | 22.65 | 22.56 |
| PEG | 1.57 | 36.63 |
| Dividend yield | 0.9% | 0.1% |
| Profitability | ||
| ROE | 18.5% | 16.4% |
| ROCE | 15.0% | 11.0% |
| Operating margin | 10.2% | 21.2% |
| Sales (TTM) | ₹300,903 Cr | ₹7,492 Cr |
| Net profit (TTM) | ₹20,895 Cr | ₹926 Cr |
| Growth | ||
| Latest quarter sales YoY | +15.8% | +143.6% |
| Latest quarter profit YoY | +27.2% | +448.1% |
| 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 | 1.24 | 0.33 |
| Interest cover | 5.71 | 2.49 |
| Ownership | ||
| Promoter holding | 0.0% | 28.3% |
| Promoter change (4 qtrs) | +0.00 pp | -1.73 pp |
| Price performance | ||
| Return 1M | +7.43% | -15.62% |
| Return 3M | -0.17% | +4.48% |
| Return 1Y | +1.57% | +196.96% |
| Return YTD | -0.82% | +227.10% |
| Technical condition | ||
| Technical score | 75 | 32 |
| RS rating (1-99) | 64.00 | 97.00 |
| % vs 200-DMA | +3.01% | +36.98% |
| RSI (14) | 72.04 | 41.81 |
| % from 52-week high | -8.78% | -21.44% |
