L&T Technology Services Ltd

L&T Technology Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L&T Technology Services Ltd

₹ 4,574 -1.07%
03 May - close price
lnttechservices.com BSE: 540115 NSE : LTTS
About

LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant
Engineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies.The business also provides digital engineering advisory services.The company went public on September 23, 2016. LTTS has 296 global clients in 25+ countries.[1][2][3][4][5]

Key Points

Business Segments
The Company has five Business Segments, namely Transportation, Plant Engineering, Industrial Products, Medical Devices, and Telecom & Hi-Tech. [1]

Website BSE NSE
  • Market Cap ₹ 48,374 Cr.
  • Current Price ₹ 4,574
  • High / Low ₹ 5,885 / 3,670
  • Stock P/E 38.4
  • Book Value ₹ 478
  • Dividend Yield 0.98 %
  • ROCE 33.1 %
  • ROE 25.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
  • Company has been maintaining a healthy dividend payout of 41.7%

Cons

  • Stock is trading at 9.58 times its book value
  • Working capital days have increased from 65.0 days to 99.7 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,303 1,373 1,447 1,506 1,548 1,782 2,053 1,922 2,153 2,044 2,136 2,148 2,351
1,033 1,078 1,116 1,157 1,203 1,402 1,645 1,518 1,702 1,615 1,680 1,693 1,861
Operating Profit 270 294 331 348 345 380 408 405 451 428 456 455 490
OPM % 21% 21% 23% 23% 22% 21% 20% 21% 21% 21% 21% 21% 21%
36 45 30 37 42 41 38 73 49 48 42 64 50
Interest 12 10 10 10 10 10 9 11 10 11 11 13 13
Depreciation 43 46 45 46 45 51 51 52 50 51 62 65 68
Profit before tax 251 283 306 330 332 360 386 415 439 414 425 441 459
Tax % 24% 26% 26% 26% 27% 27% 26% 32% 27% 28% 27% 27% 28%
191 209 225 243 242 264 286 281 323 300 308 321 329
EPS in Rs 18.14 19.86 21.40 23.03 22.92 24.98 27.07 26.60 30.56 28.35 29.17 30.36 31.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 126 2,561 2,894 3,112 3,507 4,712 5,181 4,964 5,874 7,108 8,679
0 107 2,156 2,360 2,508 2,956 3,848 4,150 4,026 4,555 5,515 6,850
Operating Profit 0 20 404 533 604 551 864 1,031 938 1,319 1,593 1,829
OPM % 16% 16% 18% 19% 16% 18% 20% 19% 22% 22% 21%
0 -4 25 82 54 188 151 212 174 154 206 203
Interest 0 3 3 2 1 0 1 35 44 39 39 48
Depreciation 0 1 47 54 58 58 73 153 174 183 202 246
Profit before tax 0 12 379 559 600 681 941 1,055 895 1,251 1,558 1,739
Tax % 46% 17% 22% 25% 28% 26% 25% 25% 27% 29% 28%
0 6 315 436 449 489 700 790 673 918 1,110 1,258
EPS in Rs 0.00 0.61 10.51 58.17 44.15 47.77 67.31 75.59 64.08 87.04 105.14 119.00
Dividend Payout % 0% 50% 25% 27% 34% 31% 28% 34% 40% 43% 42%
Compounded Sales Growth
10 Years: 53%
5 Years: 13%
3 Years: 20%
TTM: 22%
Compounded Profit Growth
10 Years: 70%
5 Years: 12%
3 Years: 24%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 22%
1 Year: 24%
Return on Equity
10 Years: 29%
5 Years: 26%
3 Years: 25%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 102 300 300 20 20 21 21 21 21 21 21
Reserves 0 -18 7 789 1,511 1,945 2,415 2,599 3,319 3,960 4,667 5,030
Preference Capital 0 400 750 0 0 0 0 0 0 0 0
0 49 155 113 0 0 43 24 472 448 424 627
0 503 1,252 648 619 628 747 1,438 1,008 1,278 1,347 2,326
Total Liabilities 0 637 1,714 1,850 2,150 2,593 3,226 4,082 4,820 5,708 6,459 8,005
0 405 524 560 559 553 565 960 1,020 1,014 1,020 1,390
CWIP 0 0 0 14 2 0 0 9 12 10 6 13
Investments 0 0 6 62 199 322 752 765 1,701 1,647 2,446 1,646
0 232 1,184 1,214 1,390 1,717 1,908 2,348 2,088 3,037 2,987 4,956
Total Assets 0 637 1,714 1,850 2,150 2,593 3,226 4,082 4,820 5,708 6,459 8,005

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -14 289 525 402 340 740 664 1,267 899 1,259 1,341
0 -505 -607 -154 -177 -166 -489 -280 -965 -389 -554 -231
0 548 401 -402 -240 -98 -202 -377 -354 -476 -432 -647
Net Cash Flow 0 29 83 -31 -15 76 48 7 -51 35 273 463

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 434 95 90 83 99 79 93 86 98 79 86
Inventory Days
Days Payable
Cash Conversion Cycle 434 95 90 83 99 79 93 86 98 79 86
Working Capital Days 249 74 44 72 86 60 70 50 54 41 100
ROCE % 5% 44% 46% 44% 39% 42% 43% 28% 31% 33%

Shareholding Pattern

Numbers in percentages

29 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.23% 74.15% 73.93% 73.90% 73.88% 73.87% 73.85% 73.85% 73.80% 73.77% 73.75% 73.74%
8.92% 9.50% 9.23% 7.14% 6.34% 6.04% 7.22% 6.69% 5.31% 5.89% 5.63% 5.52%
6.68% 6.14% 5.42% 5.20% 4.08% 8.00% 7.69% 8.41% 10.37% 10.77% 11.33% 12.09%
10.17% 10.21% 11.41% 13.76% 15.69% 12.10% 11.24% 11.06% 10.51% 9.55% 9.29% 8.65%
No. of Shareholders 1,25,9201,46,8931,77,8392,22,1962,76,7793,05,8812,88,9612,97,5692,84,6462,66,5712,57,3962,43,374

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

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