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

₹ 3,604 -4.88%
12 May - 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 ₹ 38,200 Cr.
  • Current Price ₹ 3,604
  • High / Low ₹ 4,747 / 3,010
  • Stock P/E 29.8
  • Book Value ₹ 611
  • Dividend Yield 1.61 %
  • ROCE 26.4 %
  • ROE 20.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 39.9%

Cons

  • Working capital days have increased from 51.0 days to 82.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,371 2,301 2,386 2,422 2,538 2,462 2,573 2,653 2,638 2,866 2,980 2,787 2,858
1,890 1,849 1,911 1,934 2,035 2,006 2,107 2,158 2,205 2,404 2,489 2,289 2,336
Operating Profit 480 453 476 488 503 456 466 495 433 462 491 498 521
OPM % 20% 20% 20% 20% 20% 19% 18% 19% 16% 16% 16% 18% 18%
50 48 41 62 56 62 65 34 80 68 66 9 31
Interest 11 12 13 13 13 13 12 16 16 16 16 15 17
Depreciation 57 57 68 72 75 73 78 73 81 81 93 86 86
Profit before tax 462 431 436 466 471 433 441 440 416 432 448 406 449
Tax % 26% 28% 28% 28% 28% 27% 27% 27% 25% 27% 27% 25% 26%
341 312 316 337 341 314 320 320 310 316 329 303 333
EPS in Rs 32.20 29.44 29.84 31.79 32.24 29.63 30.20 30.45 29.38 29.79 31.01 28.55 31.33
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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 Mar 2026
2,619 3,066 3,248 3,747 5,078 5,619 5,450 6,570 8,816 9,647 10,670 10,996
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 7,055 7,728 8,778 9,061
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,761 1,919 1,892 1,935
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 20% 20% 18% 18%
25 84 58 193 223 209 154 152 203 207 210 200
Interest 3 2 2 2 2 36 46 44 44 51 56 64
Depreciation 48 59 62 89 104 183 218 214 234 272 305 345
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,686 1,804 1,741 1,726
Tax % 16% 23% 27% 25% 26% 25% 26% 27% 28% 28% 27% 26%
311 419 425 507 768 822 666 961 1,216 1,306 1,264 1,281
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 114.77 123.28 119.64 120.68
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39% 39% 41% 46% 33%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 8%
TTM: 3%
Compounded Profit Growth
10 Years: 12%
5 Years: 15%
3 Years: 2%
TTM: 1%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: -2%
1 Year: -17%
Return on Equity
10 Years: 25%
5 Years: 24%
3 Years: 23%
Last Year: 20%

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 Mar 2026
Equity Capital 300 300 20 20 21 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 6,452
969 196 102 70 70 30 480 477 454 659 578 578
507 681 644 696 802 1,504 1,113 1,438 3,295 2,497 2,970 3,438
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 8,184 8,483 9,627 10,489
569 621 614 709 780 1,174 1,282 1,283 1,303 1,613 2,245 2,250
CWIP 0 14 2 0 0 9 12 10 6 13 28 12
Investments 0 56 195 221 575 642 1,515 1,478 2,284 1,493 1,310 1,896
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307 4,590 5,365 6,045 6,330
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 8,184 8,483 9,627 10,489

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 Mar 2026
289 544 388 409 806 638 1,332 1,006 1,313 1,493 1,481 1,455
-667 -176 -178 -196 -509 -222 -1,005 -448 -578 -233 -509 -443
464 -383 -222 -132 -245 -406 -363 -498 -445 -658 -718 -800
Net Cash Flow 86 -15 -12 81 52 10 -36 60 290 602 254 213
Free Cash Flow 236 418 343 324 718 487 1,257 851 1,134 1,251 1,379 1,280
CFO/OP 89% 137% 93% 101% 119% 77% 157% 96% 101% 105% 104% 96%

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 Mar 2026
Debtor Days 96 86 80 94 76 90 83 94 89 82 86 67
Inventory Days
Days Payable
Cash Conversion Cycle 96 86 80 94 76 90 83 94 89 82 86 67
Working Capital Days 67 18 48 70 52 66 44 49 11 38 32 82
ROCE % 43% 41% 38% 45% 43% 27% 31% 36% 34% 28% 26%

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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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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Documents

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