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Ask the chart: “Has this stock recovered from similar drawdowns before?”
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Latest filings
NSE announcements · newest firstPress release dated September 18, 2026, titled "L&T Semiconductor Technologies Unveils 40 Products at SEMICON 2026. Marks a major milestone with its first silicon carbide chips".
Credit Rating
Schedule of meet
Allotment of 28,903 shares pursuant to ESOP/ESPS at its meeting held on September 15, 2026
Key MetricsFull financials →
P/E (TTM)
27.2×
EPS ₹142.65
P / Book
4.88×
BVPS ₹794
ROE
18.3%
FY26, avg equity
Net margin
6.6%
FY26
Revenue YoY
+6.7%
Q1 FY27
Net profit YoY
+15.5%
Q1 FY27
Debt / equity
1.11×
₹1.22L Cr debt
Div. yield
0.98%
₹38.00 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
No promoter group: fully public shareholding
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| LT₹5.33L Cr | 27.2× | 4.88× | 18.3% | 6.6% |
| RVNL₹43,160 Cr | 48.2× | 4.39× | 9.0% | 4.3% |
| KPIL₹23,762 Cr | 21.1× | 3.06× | 14.4% | 3.8% |
| NBCC₹22,372 Cr | 29.2× | 7.41× | 27.0% | 5.8% |
| CEMPRO₹21,599 Cr | 35.9× | 9.00× | 28.2% | 5.9% |
| IRB₹10,677 Cr | 11.2× | 0.51× | 4.2% | 11.1% |
Civil Construction: the companies closest in market value, of the 78 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags
Debt to equity is 1.11×
As at 2026-03-31; it was 1.33× at 2023-03-31.
Other income is 22% of profit before tax
FY26.
Exceptional items above 5% of pre-tax profit in 1 of the last 5 years
FY22–FY26.
No promoter group
The company is fully publicly held, so promoter holding and pledge checks do not apply.
9 checks within their thresholds
Operating cash flow was 1.19× net profit
Cumulative over FY22–FY26 (5 years).
Free cash flow was negative in 0 of the last 5 years
Operating cash flow less capital expenditure, as filed.
Receivables grew 13% against revenue growth of 12%
FY26: debtor days moved from 77 to 77.
Inventory grew 24% against revenue growth of 12%
FY26: inventory days moved from 11 to 12.
Profit before interest and tax covers finance costs 10.1×
FY26.
Effective tax rate averaged 25%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Share count changed -2.1% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 8 quarters
Slowest filing came 39 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice.
Formula Scores
Piotroski F-score: 7 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✓ Return on assets positive: 4.99 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 16,741 — ₹ crore
- ✗ Cash flow above profit (accruals): -2,212.9 — operating cash flow less profit after tax, ₹ crore
- ✓ Return on assets improved: 0.57 — change in ROA, percentage points
- Long-term borrowings to assets fell — borrowings not broken out
- ✓ Current ratio improved: 0.04 — change in current assets over current liabilities
- ✓ No new shares issued: 0.03 — change in share capital, %
- ✓ Gross margin improved: 2.19 — revenue less material cost over revenue, change in percentage points
- ✓ Asset turnover improved: 0 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹18,954 Cr (2026-03-31) · profit after tax ₹15,037 Cr (2025-03-31) · total assets ₹4,52,550 Cr (2026-03-31) · total assets ₹3,79,524 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
8 of the nine tests could be run; the score counts the ones that passed
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 2.34 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.131 × 1.2
- retained earnings / total assets: 0.241 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.064 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 1.668 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.632 × 1
Inputs: total assets ₹4,52,550 Cr (2026-03-31) · current assets ₹2,92,841 Cr (2026-03-31) · current liabilities ₹2,33,531 Cr (2026-03-31) · reserves ₹1,09,015 Cr (2026-03-31) · total equity ₹1,28,530 Cr (2026-03-31) · profit before tax ₹25,976 Cr (2026-03-31) · finance cost ₹2,849 Cr (2026-03-31) · revenue ₹2,85,874 Cr (2026-03-31) · market capitalisation (today) ₹5,40,452 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 1,445.43 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 116.88
- book value per share: 794.46 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 116.88 (2026-03-31) · owners' equity ₹1,09,290 Cr (2026-03-31) · paid-up capital ₹275 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: 0.53 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹18,954 Cr (2026-03-31) · operating cash flow ₹16,741 Cr (2026-03-31) · total assets ₹4,52,550 Cr (2026-03-31) · total assets ₹3,79,524 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.