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

₹ 4,287 1.06%
29 Jul - 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 ₹ 45,546 Cr.
  • Current Price ₹ 4,287
  • High / Low ₹ 6,000 / 3,855
  • Stock P/E 36.0
  • Book Value ₹ 574
  • Dividend Yield 1.28 %
  • ROCE 28.3 %
  • ROE 22.1 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
  • Company has been maintaining a healthy dividend payout of 42.0%

Cons

  • Stock is trading at 7.47 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

Information Technology Information Technology IT - Services IT Enabled Services

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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
2,006 2,282 2,157 2,371 2,301 2,386 2,422 2,538 2,462 2,573 2,653 2,982 2,866
1,598 1,844 1,721 1,890 1,849 1,911 1,934 2,035 2,006 2,107 2,158 2,507 2,404
Operating Profit 408 437 436 480 453 476 488 503 456 466 495 476 462
OPM % 20% 19% 20% 20% 20% 20% 20% 20% 19% 18% 19% 16% 16%
41 38 74 50 48 41 62 56 62 65 34 49 68
Interest 11 11 12 11 12 13 13 13 13 12 16 16 16
Depreciation 59 59 59 57 57 68 72 75 73 78 73 82 81
Profit before tax 379 406 439 462 431 436 466 471 433 441 440 427 432
Tax % 27% 26% 32% 26% 28% 28% 28% 28% 27% 27% 27% 27% 27%
276 301 298 341 312 316 337 341 314 320 320 310 316
EPS in Rs 26.09 28.41 28.11 32.20 29.44 29.84 31.79 32.24 29.63 30.20 30.45 29.38 29.79
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 Mar 2025 TTM
2,619 3,066 3,248 3,747 5,078 5,619 5,450 6,570 8,816 9,647 10,670 11,074
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 7,055 7,728 8,778 9,176
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,761 1,919 1,892 1,899
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 20% 20% 18% 17%
25 84 58 193 223 209 154 152 203 207 210 216
Interest 3 2 2 2 2 36 46 44 44 51 56 60
Depreciation 48 59 62 89 104 183 218 214 234 272 305 314
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,686 1,804 1,741 1,740
Tax % 16% 23% 27% 25% 26% 25% 26% 27% 28% 28% 27%
311 419 425 507 768 822 666 961 1,216 1,306 1,264 1,266
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 114.77 123.28 119.64 119.82
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39% 39% 41% 46%
Compounded Sales Growth
10 Years: 15%
5 Years: 14%
3 Years: 18%
TTM: 13%
Compounded Profit Growth
10 Years: 15%
5 Years: 9%
3 Years: 10%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 7%
1 Year: -18%
Return on Equity
10 Years: 27%
5 Years: 25%
3 Years: 25%
Last Year: 22%

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 Mar 2025
Equity Capital 300 300 20 20 21 21 21 21 21 21 21
Reserves 2 766 1,465 1,916 2,458 2,748 3,452 4,141 4,414 5,306 6,059
969 196 102 70 70 30 480 477 454 659 578
507 681 644 696 802 1,504 1,113 1,438 3,295 2,497 2,970
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 8,184 8,483 9,627
569 621 614 709 780 1,174 1,282 1,283 1,303 1,613 2,245
CWIP 0 14 2 0 0 9 12 10 6 13 28
Investments 0 56 195 221 575 642 1,515 1,478 2,284 1,493 1,310
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307 4,590 5,365 6,045
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 8,184 8,483 9,627

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 Mar 2025
289 544 388 409 806 638 1,332 1,006 1,313 1,493 1,481
-667 -176 -178 -196 -509 -222 -1,005 -448 -578 -233 -509
464 -383 -222 -132 -245 -406 -363 -498 -445 -658 -718
Net Cash Flow 86 -15 -12 81 52 10 -36 60 290 602 254

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 Mar 2025
Debtor Days 96 86 80 94 76 90 83 94 89 82 86
Inventory Days
Days Payable
Cash Conversion Cycle 96 86 80 94 76 90 83 94 89 82 86
Working Capital Days 67 18 48 70 52 66 44 49 11 38 32
ROCE % 43% 41% 38% 45% 43% 27% 31% 36% 34% 28%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
73.87% 73.85% 73.85% 73.80% 73.77% 73.75% 73.74% 73.69% 73.69% 73.66% 73.66% 73.59%
6.04% 7.22% 6.69% 5.31% 5.89% 5.63% 5.52% 4.46% 4.35% 4.19% 5.18% 4.84%
8.00% 7.69% 8.41% 10.37% 10.77% 11.33% 12.09% 13.07% 13.72% 14.30% 13.67% 13.86%
12.10% 11.24% 11.06% 10.51% 9.55% 9.29% 8.65% 8.77% 8.24% 7.85% 7.47% 7.69%
No. of Shareholders 3,05,8812,88,9612,97,5692,84,6462,66,5712,57,3962,43,3742,54,7322,36,0002,31,0672,19,5732,23,318

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls