LT

L&T reported a record order inflow of ₹80,000 crore in Q1 FY26, with infrastructure and hydrocarbon segments leading. Revenue grew 14% YoY, while margins remained healthy at 11%. The company’s strong execution and global presence provide stability. Its leadership in EPC and defense engineering makes it a core infrastructure play. At ~28x FY26 EPS, valuations are fair given visibility of long-term projects. L&T remains a must-have stock to ride India’s capex and infrastructure growth cycle.