L&T Technology Services Ltd
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]
- Market Cap ₹ 55,331 Cr.
- Current Price ₹ 5,232
- High / Low ₹ 5,885 / 3,375
- Stock P/E 44.2
- Book Value ₹ 426
- Dividend Yield 0.86 %
- ROCE 32.6 %
- ROE 25.0 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.0%
- Company has been maintaining a healthy dividend payout of 39.1%
Cons
- Stock is trading at 12.3 times its book value
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 126 | 2,561 | 2,894 | 3,112 | 3,507 | 4,712 | 5,181 | 4,964 | 5,874 | 7,108 | 8,480 | |
0 | 107 | 2,156 | 2,360 | 2,508 | 2,956 | 3,848 | 4,150 | 4,026 | 4,555 | 5,515 | 6,690 | |
Operating Profit | 0 | 20 | 404 | 533 | 604 | 551 | 864 | 1,031 | 938 | 1,319 | 1,593 | 1,790 |
OPM % | 16% | 16% | 18% | 19% | 16% | 18% | 20% | 19% | 22% | 22% | 21% | |
0 | -4 | 25 | 82 | 54 | 188 | 151 | 212 | 174 | 154 | 206 | 202 | |
Interest | 0 | 3 | 3 | 2 | 1 | 0 | 1 | 35 | 44 | 39 | 39 | 45 |
Depreciation | 0 | 1 | 47 | 54 | 58 | 58 | 73 | 153 | 174 | 183 | 202 | 228 |
Profit before tax | 0 | 12 | 379 | 559 | 600 | 681 | 941 | 1,055 | 895 | 1,251 | 1,558 | 1,719 |
Tax % | 46% | 17% | 22% | 25% | 28% | 26% | 25% | 25% | 27% | 29% | ||
0 | 6 | 315 | 436 | 449 | 489 | 700 | 790 | 673 | 918 | 1,110 | 1,252 | |
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 | 118.42 |
Dividend Payout % | 0% | 50% | 25% | 27% | 34% | 31% | 28% | 34% | 40% | 43% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 11% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 11% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 26% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | 30% |
5 Years: | 26% |
3 Years: | 24% |
Last Year: | 25% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 4,484 |
Preference Capital | 0 | 400 | 750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
0 | 49 | 155 | 113 | 0 | 0 | 43 | 24 | 472 | 448 | 424 | 519 | |
0 | 503 | 1,252 | 648 | 619 | 628 | 747 | 1,438 | 1,008 | 1,278 | 1,347 | 2,220 | |
Total Liabilities | 0 | 637 | 1,714 | 1,850 | 2,150 | 2,593 | 3,226 | 4,082 | 4,820 | 5,708 | 6,459 | 7,243 |
0 | 405 | 524 | 560 | 559 | 553 | 565 | 960 | 1,020 | 1,014 | 1,020 | 1,115 | |
CWIP | 0 | 0 | 0 | 14 | 2 | 0 | 0 | 9 | 12 | 10 | 6 | 121 |
Investments | 0 | 0 | 6 | 62 | 199 | 322 | 752 | 765 | 1,701 | 1,647 | 2,446 | 1,494 |
0 | 232 | 1,184 | 1,214 | 1,390 | 1,717 | 1,908 | 2,348 | 2,088 | 3,037 | 2,987 | 4,513 | |
Total Assets | 0 | 637 | 1,714 | 1,850 | 2,150 | 2,593 | 3,226 | 4,082 | 4,820 | 5,708 | 6,459 | 7,243 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | -14 | 289 | 525 | 402 | 340 | 740 | 664 | 1,267 | 899 | 1,259 | |
0 | -505 | -607 | -154 | -177 | -166 | -489 | -280 | -965 | -389 | -554 | |
0 | 548 | 401 | -402 | -240 | -98 | -202 | -377 | -354 | -476 | -432 | |
Net Cash Flow | 0 | 29 | 83 | -31 | -15 | 76 | 48 | 7 | -51 | 35 | 273 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 434 | 95 | 90 | 83 | 99 | 79 | 93 | 86 | 98 | 79 | |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 434 | 95 | 90 | 83 | 99 | 79 | 93 | 86 | 98 | 79 | |
Working Capital Days | 249 | 74 | 44 | 72 | 86 | 60 | 70 | 50 | 54 | 41 | |
ROCE % | 5% | 44% | 46% | 44% | 39% | 42% | 43% | 28% | 31% | 33% |
Documents
Announcements
- Reg. 40 (10) - Certificate 4h
- Intimation To The Exchange Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 15 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
- Closure of Trading Window 2 Apr
- Board Meeting Intimation for Intimation Of Board Meeting For Financial Results, Recommendation Of Dividend If Any And Earnings Conference Call. 2 Apr
Annual reports
Concalls
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Business Segments
The Company has five Business Segments, namely Transportation, Plant Engineering, Industrial Products, Medical Devices, and Telecom & Hi-Tech. [1]