Larsen & Toubro vs Adani Enterprises: share price, P/E, ROE and financials compared
Larsen & Toubro
Adani Enterprises
Larsen & Toubro and Adani Enterprises at a glance
Larsen & Toubro is the larger by market cap, at ₹5.7L Cr against ₹3.7L Cr for Adani Enterprises (1.5 times as large). On valuation, Larsen & Toubro has the lower P/E (31.7× against 58.5×), while Adani Enterprises has the lower price-to-book (3.79× against 5.01×). On returns and margins, Larsen & Toubro has the higher ROCE (14.6% against 9.8%), the higher ROE (17.9% against 6.4%) and the higher operating margin (9.6% against 6.6%). Over three years, Larsen & Toubro has faster 3-year sales growth (+16.1% against −7.7% a year), while Adani Enterprises has faster 3-year profit growth (+55.9% against +15.4% a year). Larsen & Toubro carries less debt for its equity, with a debt-to-equity of 1.05× against 1.14×.
Key metrics, side by side
| Metric | Larsen & ToubroLT | Adani EnterprisesADANIENT |
|---|---|---|
| Price (₹) | 4,117.70 | 2,745.80 |
| Market cap (₹ Cr) | 5,66,549 | 3,71,705 |
| P/E | 31.7× (the lower figure, shaded) | 58.5× |
| P/B | 5.01× | 3.79× (the lower figure, shaded) |
| Dividend yield, trailing | 0.92% (the higher figure, shaded) | 0.05% |
| ROE | 17.9% (the higher figure, shaded) | 6.4% |
| ROCE | 14.6% (the higher figure, shaded) | 9.8% |
| Operating margin (OPM) | 9.6% (the higher figure, shaded) | 6.6% |
| Net margin (NPM) | 5.8% (the higher figure, shaded) | 4.3% |
| Sales CAGR 3Y | +16.1% (the higher figure, shaded) | −7.7% |
| Profit CAGR 3Y | +15.4% | +55.9% (the higher figure, shaded) |
| Debt to equity | 1.05× (the lower figure, shaded) | 1.14× |
| Interest cover | 10.1× (the higher figure, shaded) | 3.1× |
| Net profit TTM (₹ Cr) | 17,866 | 5,738 |
| 1Y return | +3.2% | +13.0% (the higher figure, shaded) |
| Promoter holding | – | – |
Larsen & Toubro vs Adani Enterprises: common questions
Which is bigger, Larsen & Toubro or Adani Enterprises?
By market cap, Larsen & Toubro is bigger at ₹5.7L Cr, against ₹3.7L Cr for Adani Enterprises (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹17,866 Cr for Larsen & Toubro and ₹5,738 Cr for Adani Enterprises.
Which has a lower P/E ratio, Larsen & Toubro or Adani Enterprises?
Larsen & Toubro trades at a P/E of 31.7× and Adani Enterprises at 58.5×. Larsen & Toubro has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Larsen & Toubro or Adani Enterprises?
Larsen & Toubro reports a return on equity of 17.9% and Adani Enterprises 6.4%. Larsen & Toubro has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Larsen & Toubro or Adani Enterprises?
Over the last three years: Sales grew +16.1% a year at Larsen & Toubro and −7.7% at Adani Enterprises, so Larsen & Toubro grew sales faster; profit grew +15.4% a year at Larsen & Toubro and +55.9% at Adani Enterprises, so Adani Enterprises grew profit faster. Past growth doesn’t predict future growth.