Larsen & Toubro vs Kec International: share price, P/E, ROE and financials compared
Larsen & Toubro
Kec International
Larsen & Toubro and Kec International at a glance
Larsen & Toubro and Kec International are both listed in Construction. Larsen & Toubro is the larger by market cap, at ₹5.7L Cr against ₹8,874 Cr for Kec International (63.8 times as large). On valuation, Kec International has the lower P/E (21.0× against 31.7×) and the lower price-to-book (1.45× against 5.01×). On returns and margins, Larsen & Toubro has the higher ROE (17.9% against 7.2%) and the higher operating margin (9.6% against 6.3%), while Kec International has the higher ROCE (20.2% against 14.6%). Over three years, Larsen & Toubro has faster 3-year sales growth (+16.1% against +11.1% a year), while Kec International has faster 3-year profit growth (+50.9% against +15.4% a year). Debt-to-equity is similar, 1.05× for Larsen & Toubro and 1.04× for Kec International.
Key metrics, side by side
| Metric | Larsen & ToubroLT | Kec InternationalKEC |
|---|---|---|
| Price (₹) | 4,117.70 | 333.35 |
| Market cap (₹ Cr) | 5,66,549 | 8,874 |
| P/E | 31.7× | 21.0× (the lower figure, shaded) |
| P/B | 5.01× | 1.45× (the lower figure, shaded) |
| Dividend yield, trailing | 0.92% | 1.65% (the higher figure, shaded) |
| ROE | 17.9% (the higher figure, shaded) | 7.2% |
| ROCE | 14.6% | 20.2% (the higher figure, shaded) |
| Operating margin (OPM) | 9.6% (the higher figure, shaded) | 6.3% |
| Net margin (NPM) | 5.8% (the higher figure, shaded) | 1.8% |
| Sales CAGR 3Y | +16.1% (the higher figure, shaded) | +11.1% |
| Profit CAGR 3Y | +15.4% | +50.9% (the higher figure, shaded) |
| Debt to equity | 1.05× | 1.04× |
| Interest cover | 10.1× (the higher figure, shaded) | 2.2× |
| Net profit TTM (₹ Cr) | 17,866 | 423 |
| 1Y return | +3.2% (the higher figure, shaded) | −59.3% |
| Promoter holding | – | 50.10% |
Larsen & Toubro vs Kec International: common questions
Which is bigger, Larsen & Toubro or Kec International?
By market cap, Larsen & Toubro is bigger at ₹5.7L Cr, against ₹8,874 Cr for Kec International (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹17,866 Cr for Larsen & Toubro and ₹423 Cr for Kec International.
Which has a lower P/E ratio, Larsen & Toubro or Kec International?
Larsen & Toubro trades at a P/E of 31.7× and Kec International at 21.0×. Kec International 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 Kec International?
Larsen & Toubro reports a return on equity of 17.9% and Kec International 7.2%. Larsen & Toubro has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Larsen & Toubro or Kec International?
Over the last three years: Sales grew +16.1% a year at Larsen & Toubro and +11.1% at Kec International, so Larsen & Toubro grew sales faster; profit grew +15.4% a year at Larsen & Toubro and +50.9% at Kec International, so Kec International grew profit faster. Past growth doesn’t predict future growth.