{"id":344375,"date":"2026-11-12T10:13:01","date_gmt":"2026-11-12T04:43:01","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344375"},"modified":"2026-11-12T10:13:01","modified_gmt":"2026-11-12T04:43:01","slug":"lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/","title":{"rendered":"L&#038;T Share Price: 11.6% CAGR in 3 Years as the Infrastructure Major Compares With ABB India and Cummins India"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#L_T_Share_Price_116_CAGR_in_3_Years_as_the_Infrastructure_Major_Compares_With_ABB_India_and_Cummins_India\" title=\"L&#038;T Share Price: 11.6% CAGR in 3 Years as the Infrastructure Major Compares With ABB India and Cummins India\">L&#038;T Share Price: 11.6% CAGR in 3 Years as the Infrastructure Major Compares With ABB India and Cummins India<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#How_Much_Has_the_L_T_Share_Price_Returned_in_3_Years\" title=\"How Much Has the L&#038;T Share Price Returned in 3 Years?\">How Much Has the L&#038;T Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#L_T_vs_ABB_India_and_Cummins_India_3-Year_CAGR_Compared\" title=\"L&#038;T vs ABB India and Cummins India: 3-Year CAGR Compared\">L&#038;T vs ABB India and Cummins India: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#What_Is_Driving_the_L_T_Stock\" title=\"What Is Driving the L&#038;T Stock?\">What Is Driving the L&#038;T Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#How_to_Compare_Engineering_Stocks_Yourself\" title=\"How to Compare Engineering Stocks Yourself\">How to Compare Engineering Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#The_Largest_Engineering_Name_With_the_Lowest_PE_in_Its_Group\" title=\"The Largest Engineering Name With the Lowest P\/E in Its Group\">The Largest Engineering Name With the Lowest P\/E in Its Group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#What_is_the_L_T_share_price_today\" title=\"What is the L&#038;T share price today?\">What is the L&#038;T share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#What_is_the_3-year_CAGR_of_the_L_T_stock\" title=\"What is the 3-year CAGR of the L&#038;T stock?\">What is the 3-year CAGR of the L&#038;T stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#Is_L_T_better_than_ABB_India\" title=\"Is L&#038;T better than ABB India?\">Is L&#038;T better than ABB India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#What_does_Larsen_Toubro_do\" title=\"What does Larsen &#038; Toubro do?\">What does Larsen &#038; Toubro do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#Is_the_L_T_stock_debt_free\" title=\"Is the L&#038;T stock debt free?\">Is the L&#038;T stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#Is_L_T_expensive_compared_with_the_industry\" title=\"Is L&#038;T expensive compared with the industry?\">Is L&#038;T expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#Which_engineering_stock_gave_the_highest_return_in_3_years\" title=\"Which engineering stock gave the highest return in 3 years?\">Which engineering stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/lt-share-price-3-year-cagr-vs-engineering-peers-abb-india-cummins-india\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"L_T_Share_Price_116_CAGR_in_3_Years_as_the_Infrastructure_Major_Compares_With_ABB_India_and_Cummins_India\"><\/span><strong>L&#038;T Share Price: 11.6% CAGR in 3 Years as the Infrastructure Major Compares With ABB India and Cummins India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>L&#038;T previous close Rs 4,212. 3-year CAGR 11.6%. Up 1.4x since 10 Nov 2023. ROE 15.81%. Market cap Rs 5,78,917 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>L&#038;T share price<\/strong> closed at Rs 4,212 on 11 November 2026, a compounded annual return of 11.6% over three years. That compares with ABB India at 18.0% and Cummins India at 33.7%. The company has a market cap of Rs 5,78,917 crore and a P\/E of 27.71 against an industry P\/E of 23.54.<\/p>\n<\/p><\/div>\n<p>The <strong>L&#038;T share price<\/strong> has delivered a steady return over three years, and the company remains the largest name in Indian engineering and construction. Larsen &#038; Toubro, based in Mumbai, builds infrastructure, power plants, factories and defence equipment and also runs IT services and financial services businesses.<\/p>\n<p>This article compares that run with ABB India and Cummins India, two other large capital goods companies. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=lt-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_L_T_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the L&#038;T Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The L&#038;T stock closed at Rs 3,033.25 on 10 November 2023 and at Rs 4,212.00 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.39 lakh, which is a CAGR of 11.6%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as L&#038;T can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>L&#038;T share price<\/strong> has also followed the pickup in government spending on roads, railways, metros and power projects, which fed the company&#8217;s large order book.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"L_T_vs_ABB_India_and_Cummins_India_3-Year_CAGR_Compared\"><\/span><strong>L&#038;T vs ABB India and Cummins India: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 11 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 10 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (11 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Cummins India<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,768.45<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,229.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.4x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">33.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">ABB India<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,239.30<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 6,963.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.6x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">18.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Larsen &#038; Toubro<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,033.25<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,212.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.4x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">11.6%<\/td>\n<\/tr>\n<\/table>\n<p>The L&#038;T stock ranks third of the three at 11.6%. The companies ahead are Cummins India (33.7%) and ABB India (18.0%). Cummins India leads the group, followed by ABB India and then L&#038;T. L&#038;T is by far the largest of the three by market cap, so its yearly return came on a very large base of capital, and it trades at the lowest P\/E of the three.<\/p>\n<p>Look at the <strong>L&#038;T share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/lt\/larsen-and-toubro-ltd-share-price-today\">Larsen &#038; Toubro<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 5,78,917 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">27.71<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.54<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">15.81%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.24<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/abb\/abb-india-ltd-share-price-today\">ABB India<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,47,382 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">49.33<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">42.59<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">16.50%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/cumminsind\/cummins-india-ltd-share-price-today\">Cummins India<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,17,124 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">52.01<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">42.97<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">27.13%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Larsen &#038; Toubro is the largest of the group at Rs 5,78,917 crore, which gives it the scale advantage over ABB India, Cummins India. On earnings, L&#038;T shares trade at a P\/E of 27.71 against an industry P\/E of 23.54, a premium of about 18%, which signals that the market expects faster earnings growth. Peer multiples are ABB India at 49.33 and Cummins India at 52.01.<\/p>\n<p>Return on equity is 15.81% for the L&#038;T stock, which ranks third among the three, and debt to equity stands at 1.24. Trailing EPS is Rs 151.86. Large engineering companies are valued on the quality and size of their order books, so the P\/E should be read together with return on equity and the pace at which orders turn into revenue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_L_T_Stock\"><\/span><strong>What Is Driving the L&#038;T Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L&#038;T wins large contracts in infrastructure, energy, hydrocarbons, defence and buildings, and it earns steady income from its IT and technology services arm. A big order book gives it visibility over several years.<\/p>\n<p>The company also has a financial services business that lends to retail and rural customers. Its balance sheet includes the loans of this arm, which is one reason its debt to equity figure looks higher than that of product-based peers.<\/p>\n<p>Followers of the <strong>L&#038;T share price<\/strong> usually track order inflows, the execution pace of large projects, margins and the contribution of services businesses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ABB India is a Bengaluru-based maker of electrification, motion and automation products for industry and infrastructure. It compounded at 18.0% a year, on a market cap of Rs 1,47,382 crore and an ROE of 16.50%.<\/p>\n<p>Cummins India is a Pune-based maker of diesel and gas engines and generator sets, and a part of the global Cummins group. It compounded at 33.7% a year, on a market cap of Rs 1,17,124 crore and an ROE of 27.13%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>L&#038;T share price<\/strong>. First, the size and timing of fresh order wins. Second, the pace of execution on large projects. Third, margins as commodity costs move.<\/p>\n<p>At a P\/E of 28, the stock trades above the industry P\/E of 24, and its ROE is 15.81%. Project timelines can move with government spending, so follow quarterly numbers closely.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of capital goods stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Engineering_Stocks_Yourself\"><\/span><strong>How to Compare Engineering Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the L&#038;T stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>L&#038;T share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>L&#038;T share price<\/strong> and compare engineering stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Largest_Engineering_Name_With_the_Lowest_PE_in_Its_Group\"><\/span><strong>The Largest Engineering Name With the Lowest P\/E in Its Group<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>L&#038;T share price<\/strong> compounded at 11.6% a year over three years, behind ABB India at 18.0% and Cummins India at 33.7%. Its market cap is the largest of the three and its P\/E of 27.71 is the lowest.<\/p>\n<p>Cummins India brings the fastest return and the highest ROE, while ABB India brings an electrification focus. The choice depends on whether you prefer a diversified order book or a product-led model.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_L_T_share_price_today\"><\/span><strong>What is the L&#038;T share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Larsen &#038; Toubro closed at Rs 4,212 on 11 November 2026, according to NSE data. It has a market cap of Rs 5,78,917 crore and a P\/E of 27.71. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_L_T_stock\"><\/span><strong>What is the 3-year CAGR of the L&#038;T stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Larsen &#038; Toubro delivered a price CAGR of 11.6% over three years, moving from Rs 3,033.25 on 10 November 2023 to Rs 4,212.00 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_L_T_better_than_ABB_India\"><\/span><strong>Is L&#038;T better than ABB India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ABB India delivered a higher three-year CAGR at 18.0% than L&#038;T at 11.6%. L&#038;T is far larger by market cap at Rs 5,78,917 crore against Rs 1,47,382 crore and trades at a lower P\/E of 27.71 against 49.33, while ABB India has a slightly higher ROE at 16.50% against 15.81%. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Larsen_Toubro_do\"><\/span><strong>What does Larsen &#038; Toubro do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Larsen &#038; Toubro is a Mumbai-based engineering and construction company with additional businesses in technology services and financial services.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_L_T_stock_debt_free\"><\/span><strong>Is the L&#038;T stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the L&#038;T stock is 1.24 and its return on equity is 15.81%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_L_T_expensive_compared_with_the_industry\"><\/span><strong>Is L&#038;T expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&#038;T trades at a P\/E of 27.71 against an industry P\/E of 23.54. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_engineering_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which engineering stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Cummins India delivered the highest three-year CAGR at 33.7%, followed by ABB India at 18.0%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the L&T share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Larsen & Toubro closed at Rs 4,212 on 11 November 2026, according to NSE data. It has a market cap of Rs 5,78,917 crore and a P\/E of 27.71. 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See how it compares with ABB India and Cummins India on returns, valuation and ROE.<\/p>\n","protected":false},"author":34,"featured_media":344374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21533,22344,22345],"class_list":["post-344375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-capital-goods-stocks-3-year-return","tag-lt-vs-abb-india","tag-larsen-toubro-stock"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344374"],"rank_math_title":["L&amp;T Share Price: 11.6% CAGR vs ABB India, Cummins"],"rank_math_description":["L&amp;T share price compounded at 11.6% a year over 3 years. See how it compares with ABB India and Cummins India on returns, valuation and ROE."],"rank_math_focus_keyword":["L&T share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/l-and-t-share-price-11-6-cagr-in-3-years-as-the-infrastructure-major-compares.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=344375"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344375\/revisions"}],"predecessor-version":[{"id":344376,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344375\/revisions\/344376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/344374"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=344375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=344375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=344375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}