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

₹ 4,257 1.72%
30 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
1) Tech (35% in 9M FY25 vs 33% in FY22): [1] [2] The company provides services like software development, hardware design, product maintenance, testing, value analysis, manufacturing engineering, regulatory compliance, etc for MedTech, Semiconductors, Consumer Electronics, Hyperscalers, and Next-Gen Communication sectors. Segment revenue grew 6% YoY in 9M FY25, driven by MedTech, hyperscalers, and communication providers, with enhanced SWC capabilities. [3] [4]

Website BSE NSE
  • Market Cap ₹ 45,074 Cr.
  • Current Price ₹ 4,257
  • High / Low ₹ 6,000 / 3,855
  • Stock P/E 36.9
  • Book Value ₹ 543
  • Dividend Yield 1.17 %
  • ROCE 29.0 %
  • ROE 22.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
  • Company has been maintaining a healthy dividend payout of 43.7%

Cons

  • Stock is trading at 7.84 times its book value
  • Working capital days have increased from 44.6 days to 75.7 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

Part of BSE Allcap BSE Information Technology Nifty 500 BSE 150 MidCap Index Nifty LargeMidcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,548 1,782 2,053 1,922 2,153 2,044 2,136 2,148 2,351 2,246 2,325 2,412 2,550
1,203 1,402 1,645 1,518 1,702 1,615 1,680 1,693 1,861 1,801 1,902 1,939 2,099
Operating Profit 345 380 408 405 451 428 456 455 490 446 422 473 452
OPM % 22% 21% 20% 21% 21% 21% 21% 21% 21% 20% 18% 20% 18%
42 41 38 73 49 48 42 64 50 64 68 30 49
Interest 10 10 9 11 10 11 11 13 13 13 12 15 15
Depreciation 45 51 51 52 50 51 62 65 68 66 72 69 59
Profit before tax 332 360 386 415 439 414 425 441 459 430 407 419 426
Tax % 27% 27% 26% 32% 27% 28% 27% 27% 28% 27% 28% 28% 26%
242 264 286 281 323 300 308 321 329 313 293 301 314
EPS in Rs 22.92 24.98 27.07 26.60 30.56 28.35 29.17 30.36 31.14 29.54 27.68 28.41 29.69
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
126 2,561 2,894 3,112 3,507 4,712 5,181 4,964 5,874 7,910 8,679 9,533
107 2,156 2,360 2,508 2,956 3,848 4,150 4,026 4,555 6,266 6,850 7,741
Operating Profit 20 404 533 604 551 864 1,031 938 1,319 1,644 1,829 1,792
OPM % 16% 16% 18% 19% 16% 18% 20% 19% 22% 21% 21% 19%
-4 25 82 54 188 151 212 174 154 202 203 211
Interest 3 3 2 1 0 1 35 44 39 40 48 55
Depreciation 1 47 54 58 58 73 153 174 183 205 246 266
Profit before tax 12 379 559 600 681 941 1,055 895 1,251 1,600 1,739 1,683
Tax % 46% 17% 22% 25% 28% 26% 25% 25% 27% 28% 28% 27%
6 315 436 449 489 700 790 673 918 1,153 1,258 1,221
EPS in Rs 0.61 10.51 58.17 44.15 47.77 67.31 75.59 64.08 87.04 109.20 119.00 115.31
Dividend Payout % 0% 50% 25% 27% 34% 31% 28% 34% 40% 41% 42% 48%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 18%
TTM: 10%
Compounded Profit Growth
10 Years: 15%
5 Years: 9%
3 Years: 11%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 3%
1 Year: -8%
Return on Equity
10 Years: 27%
5 Years: 25%
3 Years: 25%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 102 300 300 20 20 21 21 21 21 21 21 21
Reserves -18 7 789 1,511 1,945 2,415 2,599 3,319 3,960 4,183 5,030 5,727
449 905 113 0 0 43 24 472 448 424 627 535
103 502 648 619 628 747 1,438 1,008 1,278 3,143 2,326 2,579
Total Liabilities 637 1,714 1,850 2,150 2,593 3,226 4,082 4,820 5,708 7,772 8,005 8,862
405 524 560 559 553 565 960 1,020 1,014 1,067 1,390 1,274
CWIP 0 0 14 2 0 0 9 12 10 6 13 28
Investments 0 6 62 199 322 752 765 1,701 1,647 2,439 1,646 2,219
232 1,184 1,214 1,390 1,717 1,908 2,348 2,088 3,037 4,259 4,956 5,341
Total Assets 637 1,714 1,850 2,150 2,593 3,226 4,082 4,820 5,708 7,772 8,005 8,862

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-14 289 525 402 340 740 664 1,267 899 1,267 1,341 1,428
-505 -607 -154 -177 -166 -489 -280 -965 -389 -560 -231 -554
548 401 -402 -240 -98 -202 -377 -354 -476 -434 -647 -705
Net Cash Flow 29 83 -31 -15 76 48 7 -51 35 272 463 169

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 434 95 90 83 99 79 93 86 98 91 86 86
Inventory Days
Days Payable
Cash Conversion Cycle 434 95 90 83 99 79 93 86 98 91 86 86
Working Capital Days 249 74 44 72 86 60 70 50 54 11 47 76
ROCE % 5% 44% 46% 44% 39% 42% 43% 28% 31% 35% 33% 29%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.88% 73.87% 73.85% 73.85% 73.80% 73.77% 73.75% 73.74% 73.69% 73.69% 73.66% 73.66%
6.34% 6.04% 7.22% 6.69% 5.31% 5.89% 5.63% 5.52% 4.46% 4.35% 4.19% 5.18%
4.08% 8.00% 7.69% 8.41% 10.37% 10.77% 11.33% 12.09% 13.07% 13.72% 14.30% 13.67%
15.69% 12.10% 11.24% 11.06% 10.51% 9.55% 9.29% 8.65% 8.77% 8.24% 7.85% 7.47%
No. of Shareholders 2,76,7793,05,8812,88,9612,97,5692,84,6462,66,5712,57,3962,43,3742,54,7322,36,0002,31,0672,19,573

* 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

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