Larsen & Toubro vs NBCC (India): share price, P/E, ROE and financials compared
Larsen & Toubro
NBCC (India)
Larsen & Toubro and NBCC (India) at a glance
Larsen & Toubro and NBCC (India) are both listed in Construction. Larsen & Toubro is the larger by market cap, at ₹5.7L Cr against ₹21,060 Cr for NBCC (India) (26.9 times as large). On valuation, Larsen & Toubro has the lower price-to-book (5.01× against 6.59×), while NBCC (India) has the lower P/E (26.5× against 31.7×). On returns and margins, Larsen & Toubro has the higher operating margin (9.6% against 6.1%), while NBCC (India) has the higher ROCE (34.3% against 14.6%) and the higher ROE (26.2% against 17.9%). Over three years, Larsen & Toubro has faster 3-year sales growth (+16.1% against +12.9% a year), while NBCC (India) has faster 3-year profit growth (+39.2% against +15.4% a year). NBCC (India) carries less debt for its equity, with a debt-to-equity of 0.00× against 1.05×.
Key metrics, side by side
| Metric | Larsen & ToubroLT | NBCC (India)NBCC |
|---|---|---|
| Price (₹) | 4,117.70 | 78.00 |
| Market cap (₹ Cr) | 5,66,549 | 21,060 |
| P/E | 31.7× | 26.5× (the lower figure, shaded) |
| P/B | 5.01× (the lower figure, shaded) | 6.59× |
| Dividend yield, trailing | 0.92% | 1.21% (the higher figure, shaded) |
| ROE | 17.9% | 26.2% (the higher figure, shaded) |
| ROCE | 14.6% | 34.3% (the higher figure, shaded) |
| Operating margin (OPM) | 9.6% (the higher figure, shaded) | 6.1% |
| Net margin (NPM) | 5.8% | 5.7% |
| Sales CAGR 3Y | +16.1% (the higher figure, shaded) | +12.9% |
| Profit CAGR 3Y | +15.4% | +39.2% (the higher figure, shaded) |
| Debt to equity | 1.05× | 0.00× (the lower figure, shaded) |
| Interest cover | 10.1× (the higher figure, shaded) | 7.4× |
| Net profit TTM (₹ Cr) | 17,866 | 743 |
| 1Y return | +3.2% (the higher figure, shaded) | −29.5% |
| Promoter holding | 0.00% | 61.75% |
Larsen & Toubro vs NBCC (India): common questions
Which is bigger, Larsen & Toubro or NBCC (India)?
By market cap, Larsen & Toubro is bigger at ₹5.7L Cr, against ₹21,060 Cr for NBCC (India) (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹17,866 Cr for Larsen & Toubro and ₹743 Cr for NBCC (India).
Which has a lower P/E ratio, Larsen & Toubro or NBCC (India)?
Larsen & Toubro trades at a P/E of 31.7× and NBCC (India) at 26.5×. NBCC (India) 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 NBCC (India)?
Larsen & Toubro reports a return on equity of 17.9% and NBCC (India) 26.2%. NBCC (India) has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Larsen & Toubro or NBCC (India)?
Over the last three years: Sales grew +16.1% a year at Larsen & Toubro and +12.9% at NBCC (India), so Larsen & Toubro grew sales faster; profit grew +15.4% a year at Larsen & Toubro and +39.2% at NBCC (India), so NBCC (India) grew profit faster. Past growth doesn’t predict future growth.