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

₹ 3,566 -0.65%
28 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 ₹ 37,798 Cr.
  • Current Price ₹ 3,566
  • High / Low ₹ 4,747 / 3,010
  • Stock P/E 31.3
  • Book Value ₹ 559
  • Dividend Yield 1.63 %
  • ROCE 26.8 %
  • ROE 20.7 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 41.7%

Cons

  • Working capital days have increased from 55.1 days to 88.0 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

Information Technology Information Technology IT - Services IT Enabled Services

Part of BSE 500 BSE Information Technology BSE 200 BSE Dollex 200 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,153 2,044 2,136 2,148 2,351 2,246 2,325 2,412 2,206 2,424 2,536 2,333 2,409
1,702 1,615 1,680 1,693 1,861 1,801 1,902 1,939 1,797 1,994 2,095 1,873 1,945
Operating Profit 451 428 456 455 490 446 422 473 409 430 441 460 464
OPM % 21% 21% 21% 21% 21% 20% 18% 20% 19% 18% 17% 20% 19%
49 48 42 64 50 64 68 30 80 68 64 10 25
Interest 10 11 11 13 13 13 12 15 15 16 14 14 16
Depreciation 50 51 62 65 68 66 72 69 58 61 72 67 67
Profit before tax 439 414 425 441 459 430 407 419 415 421 418 389 406
Tax % 27% 28% 27% 27% 28% 27% 28% 28% 24% 27% 27% 26% 26%
323 300 308 321 329 313 293 301 314 308 307 289 302
EPS in Rs 30.56 28.35 29.17 30.36 31.14 29.54 27.68 28.41 29.69 29.04 28.99 27.26 28.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,561 2,894 3,112 3,507 4,712 5,181 4,964 5,874 7,910 8,679 9,533 9,207
2,156 2,360 2,508 2,956 3,848 4,150 4,026 4,555 6,266 6,850 7,741 7,450
Operating Profit 404 533 604 551 864 1,031 938 1,319 1,644 1,829 1,792 1,757
OPM % 16% 18% 19% 16% 18% 20% 19% 22% 21% 21% 19% 19%
25 82 54 188 151 212 174 154 202 203 211 194
Interest 3 2 1 0 1 35 44 39 40 48 55 60
Depreciation 47 54 58 58 73 153 174 183 205 246 266 266
Profit before tax 379 559 600 681 941 1,055 895 1,251 1,600 1,739 1,683 1,625
Tax % 17% 22% 25% 28% 26% 25% 25% 27% 28% 28% 27% 26%
315 436 449 489 700 790 673 918 1,153 1,258 1,221 1,206
EPS in Rs 10.51 58.17 44.15 47.77 67.31 75.59 64.08 87.04 109.20 119.00 115.31 113.79
Dividend Payout % 50% 25% 27% 34% 31% 28% 34% 40% 41% 42% 48% 35%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 5%
TTM: -3%
Compounded Profit Growth
10 Years: 11%
5 Years: 13%
3 Years: 3%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: -2%
1 Year: -15%
Return on Equity
10 Years: 25%
5 Years: 24%
3 Years: 23%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 300 300 20 20 21 21 21 21 21 21 21 21
Reserves 7 789 1,511 1,945 2,415 2,599 3,319 3,960 4,183 5,030 5,727 5,906
905 113 0 0 43 24 472 448 424 627 535 541
502 648 619 628 747 1,438 1,008 1,278 3,143 2,326 2,579 3,224
Total Liabilities 1,714 1,850 2,150 2,593 3,226 4,082 4,820 5,708 7,772 8,005 8,862 9,692
524 560 559 553 565 960 1,020 1,014 1,067 1,390 1,274 1,258
CWIP 0 14 2 0 0 9 12 10 6 13 28 12
Investments 6 62 199 322 752 765 1,701 1,647 2,439 1,646 2,219 2,846
1,184 1,214 1,390 1,717 1,908 2,348 2,088 3,037 4,259 4,956 5,341 5,577
Total Assets 1,714 1,850 2,150 2,593 3,226 4,082 4,820 5,708 7,772 8,005 8,862 9,692

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
289 525 402 340 740 664 1,267 899 1,267 1,341 1,428 1,272
-607 -154 -177 -166 -489 -280 -965 -389 -560 -231 -554 -309
401 -402 -240 -98 -202 -377 -354 -476 -434 -647 -705 -782
Net Cash Flow 83 -31 -15 76 48 7 -51 35 272 463 169 180
Free Cash Flow 236 420 356 290 654 517 1,196 788 1,102 1,101 1,329 1,136
CFO/OP 88% 130% 93% 93% 116% 83% 160% 93% 104% 101% 106% 94%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 95 90 83 99 79 93 86 98 91 86 86 68
Inventory Days
Days Payable
Cash Conversion Cycle 95 90 83 99 79 93 86 98 91 86 86 68
Working Capital Days 52 30 72 86 56 68 45 51 8 41 36 88
ROCE % 44% 46% 44% 39% 42% 43% 28% 31% 35% 33% 28% 27%

Insights

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Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Dec 2024 Dec 2025
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Number of Active Clients
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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.80% 73.77% 73.75% 73.74% 73.69% 73.69% 73.66% 73.66% 73.59% 73.58% 73.58% 73.57%
5.31% 5.89% 5.63% 5.52% 4.46% 4.35% 4.19% 5.18% 4.84% 4.67% 4.22% 3.86%
10.37% 10.77% 11.33% 12.09% 13.07% 13.72% 14.30% 13.67% 13.86% 14.13% 14.57% 14.64%
10.51% 9.55% 9.29% 8.65% 8.77% 8.24% 7.85% 7.47% 7.69% 7.63% 7.62% 7.93%
No. of Shareholders 2,84,6462,66,5712,57,3962,43,3742,54,7322,36,0002,31,0672,19,5732,23,3182,21,8112,31,4062,44,820

* 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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