Larsen & Toubro vs Rail Vikas Nigam: share price, P/E, ROE and financials compared
Larsen & Toubro
Rail Vikas Nigam
Larsen & Toubro and Rail Vikas Nigam at a glance
Larsen & Toubro and Rail Vikas Nigam are both listed in Construction. Larsen & Toubro is the larger by market cap, at ₹5.7L Cr against ₹40,312 Cr for Rail Vikas Nigam (14.1 times as large). On valuation, Larsen & Toubro has the lower P/E (31.7× against 44.9×), while Rail Vikas Nigam has the lower price-to-book (4.10× against 5.01×). On returns and margins, Larsen & Toubro has the higher ROCE (14.6% against 11.0%), the higher ROE (17.9% against 9.0%) and the higher operating margin (9.6% against 4.3%). Over three years, Larsen & Toubro has faster 3-year sales growth (+16.1% against +0.2% a year) and faster 3-year profit growth (+15.4% against −13.3% a year). Rail Vikas Nigam carries less debt for its equity, with a debt-to-equity of 0.49× against 1.05×.
Key metrics, side by side
| Metric | Larsen & ToubroLT | Rail Vikas NigamRVNL |
|---|---|---|
| Price (₹) | 4,117.70 | 193.34 |
| Market cap (₹ Cr) | 5,66,549 | 40,312 |
| P/E | 31.7× (the lower figure, shaded) | 44.9× |
| P/B | 5.01× | 4.10× (the lower figure, shaded) |
| Dividend yield, trailing | 0.92% | 0.88% |
| ROE | 17.9% (the higher figure, shaded) | 9.0% |
| ROCE | 14.6% (the higher figure, shaded) | 11.0% |
| Operating margin (OPM) | 9.6% (the higher figure, shaded) | 4.3% |
| Net margin (NPM) | 5.8% (the higher figure, shaded) | 4.3% |
| Sales CAGR 3Y | +16.1% (the higher figure, shaded) | +0.2% |
| Profit CAGR 3Y | +15.4% (the higher figure, shaded) | −13.3% |
| Debt to equity | 1.05× | 0.49× (the lower figure, shaded) |
| Interest cover | 10.1× (the higher figure, shaded) | 3.8× |
| Net profit TTM (₹ Cr) | 17,866 | 900 |
| 1Y return | +3.2% (the higher figure, shaded) | −40.5% |
| Promoter holding | – | 72.84% |
Larsen & Toubro vs Rail Vikas Nigam: common questions
Which is bigger, Larsen & Toubro or Rail Vikas Nigam?
By market cap, Larsen & Toubro is bigger at ₹5.7L Cr, against ₹40,312 Cr for Rail Vikas Nigam (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹17,866 Cr for Larsen & Toubro and ₹900 Cr for Rail Vikas Nigam.
Which has a lower P/E ratio, Larsen & Toubro or Rail Vikas Nigam?
Larsen & Toubro trades at a P/E of 31.7× and Rail Vikas Nigam at 44.9×. 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 Rail Vikas Nigam?
Larsen & Toubro reports a return on equity of 17.9% and Rail Vikas Nigam 9.0%. Larsen & Toubro has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Larsen & Toubro or Rail Vikas Nigam?
Over the last three years: Sales grew +16.1% a year at Larsen & Toubro and +0.2% at Rail Vikas Nigam, so Larsen & Toubro grew sales faster; profit grew +15.4% a year at Larsen & Toubro and −13.3% at Rail Vikas Nigam, so Larsen & Toubro grew profit faster. Past growth doesn’t predict future growth.