Larsen & Toubro vs KPIL: share price, P/E, ROE and financials compared
Larsen & Toubro
Kalpataru Projects International
Larsen & Toubro and KPIL at a glance
Larsen & Toubro and KPIL are both listed in Construction. Larsen & Toubro is the larger by market cap, at ₹5.7L Cr against ₹23,410 Cr for KPIL (24.2 times as large). On valuation, KPIL has the lower P/E (19.7× against 31.7×) and the lower price-to-book (3.01× against 5.01×). On returns and margins, Larsen & Toubro has the higher ROE (17.9% against 14.6%) and the higher operating margin (9.6% against 8.3%), while KPIL has the higher ROCE (19.9% against 14.6%). Over three years, KPIL has faster 3-year sales growth (+18.4% against +16.1% a year) and faster 3-year profit growth (+33.1% against +15.4% a year). KPIL carries less debt for its equity, with a debt-to-equity of 0.46× against 1.05×.
Key metrics, side by side
| Metric | Larsen & ToubroLT | KPILKPIL |
|---|---|---|
| Price (₹) | 4,117.70 | 1,370.80 |
| Market cap (₹ Cr) | 5,66,549 | 23,410 |
| P/E | 31.7× | 19.7× (the lower figure, shaded) |
| P/B | 5.01× | 3.01× (the lower figure, shaded) |
| Dividend yield, trailing | 0.92% (the higher figure, shaded) | 0.80% |
| ROE | 17.9% (the higher figure, shaded) | 14.6% |
| ROCE | 14.6% | 19.9% (the higher figure, shaded) |
| Operating margin (OPM) | 9.6% (the higher figure, shaded) | 8.3% |
| Net margin (NPM) | 5.8% (the higher figure, shaded) | 4.2% |
| Sales CAGR 3Y | +16.1% | +18.4% (the higher figure, shaded) |
| Profit CAGR 3Y | +15.4% | +33.1% (the higher figure, shaded) |
| Debt to equity | 1.05× | 0.46× (the lower figure, shaded) |
| Interest cover | 10.1× (the higher figure, shaded) | 4.1× |
| Net profit TTM (₹ Cr) | 17,866 | – |
| 1Y return | +3.2% | +4.3% (the higher figure, shaded) |
| Promoter holding | 0.00% | 33.58% |
Larsen & Toubro vs KPIL: common questions
Which is bigger, Larsen & Toubro or KPIL?
By market cap, Larsen & Toubro is bigger at ₹5.7L Cr, against ₹23,410 Cr for KPIL (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Larsen & Toubro or KPIL?
Larsen & Toubro trades at a P/E of 31.7× and KPIL at 19.7×. KPIL 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 KPIL?
Larsen & Toubro reports a return on equity of 17.9% and KPIL 14.6%. Larsen & Toubro has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Larsen & Toubro or KPIL?
Over the last three years: Sales grew +16.1% a year at Larsen & Toubro and +18.4% at KPIL, so KPIL grew sales faster; profit grew +15.4% a year at Larsen & Toubro and +33.1% at KPIL, so KPIL grew profit faster. Past growth doesn’t predict future growth.