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

₹ 4,778 -7.81%
26 Apr - 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 ₹ 50,532 Cr.
  • Current Price ₹ 4,778
  • High / Low ₹ 5,885 / 3,670
  • Stock P/E 38.8
  • Book Value ₹ 504
  • Dividend Yield 0.94 %
  • ROCE 32.4 %
  • ROE 25.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
  • Company has been maintaining a healthy dividend payout of 39.9%

Cons

  • Stock is trading at 9.49 times its book value
  • Working capital days have increased from 61.9 days to 92.4 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,440 1,518 1,608 1,688 1,756 2,006 2,282 2,157 2,371 2,301 2,386 2,422 2,538
1,147 1,201 1,258 1,320 1,376 1,598 1,844 1,721 1,890 1,849 1,911 1,934 2,035
Operating Profit 293 318 349 367 380 408 437 436 480 453 476 488 503
OPM % 20% 21% 22% 22% 22% 20% 19% 20% 20% 20% 20% 20% 20%
35 44 29 37 42 41 38 74 50 48 41 62 56
Interest 12 11 11 11 10 11 11 12 11 12 13 13 13
Depreciation 54 55 53 53 53 59 59 59 57 57 68 72 75
Profit before tax 261 296 314 340 359 379 406 439 462 431 436 466 471
Tax % 25% 27% 27% 27% 27% 27% 26% 32% 26% 28% 28% 28% 28%
195 217 231 250 263 276 301 298 341 312 316 337 341
EPS in Rs 18.52 20.58 21.87 23.59 24.83 26.09 28.41 28.11 32.20 29.44 29.84 31.79 32.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,619 3,066 3,248 3,747 5,078 5,619 5,450 6,570 8,014 9,647
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 6,303 7,728
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,711 1,919
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 21% 20%
25 84 58 193 223 209 154 152 208 207
Interest 3 2 2 2 2 36 46 44 44 51
Depreciation 48 59 62 89 104 183 218 214 232 272
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,644 1,804
Tax % 16% 23% 27% 25% 26% 25% 26% 27% 29% 28%
311 419 425 507 768 822 666 961 1,174 1,306
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 110.77 123.28
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39% 41% 41%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 21%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 26%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 21%
1 Year: 27%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 25%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 300 300 20 20 21 21 21 21 21 21
Reserves 2 766 1,465 1,916 2,458 2,748 3,452 4,141 4,930 5,306
Preference Capital 750 0 0 0 0 0 0 0 0
219 196 102 70 70 30 480 477 454 659
1,257 681 644 696 802 1,504 1,113 1,438 1,498 2,503
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 6,904 8,488
569 621 614 709 780 1,174 1,282 1,283 1,294 1,613
CWIP 0 14 2 0 0 9 12 10 6 13
Investments 0 56 195 221 575 642 1,515 1,478 2,284 1,493
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307 3,319 5,370
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 6,904 8,488

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
289 544 388 409 806 638 1,332 1,006 1,305 1,493
-667 -176 -178 -196 -509 -222 -1,005 -448 -572 -233
464 -383 -222 -132 -245 -406 -363 -498 -444 -658
Net Cash Flow 86 -15 -12 81 52 10 -36 60 290 602

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 86 80 94 76 90 83 94 79 82
Inventory Days
Days Payable
Cash Conversion Cycle 96 86 80 94 76 90 83 94 79 82
Working Capital Days 67 41 60 77 57 68 49 52 41 92
ROCE % 43% 41% 38% 45% 43% 27% 31% 33%

Shareholding Pattern

Numbers in percentages

34 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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