L&T Technology Services Ltd
L&T Technology Services is a leading global pure-play Engineering Research and Development (ER&D) services company. ER&D services are a set of services provided to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers.
- Market Cap ₹ 26,209 Cr.
- Current Price ₹ 2,495
- High / Low ₹ 2,780 / 995
- Stock P/E 38.9
- Book Value ₹ 295
- Dividend Yield 0.84 %
- ROCE 42.6 %
- ROE 31.3 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 21.42% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.97%
- Company has been maintaining a healthy dividend payout of 29.25%
Cons
- Stock is trading at 8.46 times its book value
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,055 | 1,152 | 1,266 | 1,317 | 1,343 | 1,348 | 1,402 | 1,423 | 1,447 | 1,295 | 1,314 | 1,401 | |
891 | 956 | 1,037 | 1,075 | 1,095 | 1,075 | 1,119 | 1,137 | 1,178 | 1,089 | 1,081 | 1,125 | |
Operating Profit | 164 | 196 | 229 | 242 | 248 | 273 | 283 | 286 | 268 | 206 | 233 | 276 |
OPM % | 16% | 17% | 18% | 18% | 18% | 20% | 20% | 20% | 19% | 16% | 18% | 20% |
Other Income | 76 | 98 | 55 | 36 | 34 | 56 | 47 | 44 | 61 | 14 | 57 | 49 |
Interest | 1 | 0 | 0 | 1 | 0 | 9 | 9 | 9 | 9 | 11 | 11 | 11 |
Depreciation | 45 | 26 | 27 | 24 | 27 | 43 | 44 | 47 | 48 | 49 | 53 | 62 |
Profit before tax | 194 | 268 | 256 | 253 | 254 | 277 | 277 | 274 | 272 | 160 | 226 | 251 |
Tax % | 18% | 26% | 25% | 26% | 24% | 26% | 25% | 25% | 24% | 26% | 26% | 25% |
Net Profit | 159 | 198 | 191 | 186 | 192 | 204 | 206 | 204 | 205 | 117 | 166 | 186 |
EPS in Rs | 15.50 | 19.28 | 18.43 | 17.85 | 18.41 | 19.60 | 19.78 | 19.56 | 19.60 | 11.21 | 15.78 | 17.72 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|
2,619 | 3,066 | 3,248 | 3,747 | 5,078 | 5,619 | 5,456 | |
2,220 | 2,547 | 2,662 | 3,171 | 4,164 | 4,506 | 4,473 | |
Operating Profit | 399 | 519 | 586 | 576 | 915 | 1,113 | 983 |
OPM % | 15% | 17% | 18% | 15% | 18% | 20% | 18% |
Other Income | 25 | 84 | 57 | 193 | 223 | 207 | 180 |
Interest | 3 | 2 | 2 | 2 | 2 | 36 | 42 |
Depreciation | 48 | 59 | 62 | 89 | 104 | 183 | 213 |
Profit before tax | 372 | 542 | 579 | 678 | 1,031 | 1,100 | 908 |
Tax % | 16% | 23% | 27% | 25% | 26% | 25% | |
Net Profit | 311 | 419 | 425 | 506 | 766 | 819 | 674 |
EPS in Rs | 10.36 | 55.88 | 41.78 | 49.39 | 73.61 | 78.33 | 64.31 |
Dividend Payout % | 50% | 26% | 29% | 32% | 29% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 20% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 24% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
1 Year: | 49% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 32% |
Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|
1,050 | 300 | 20 | 20 | 21 | 21 | 21 | |
Reserves | 2 | 766 | 1,465 | 1,916 | 2,458 | 2,748 | 3,076 |
Borrowings | 219 | 196 | 102 | 70 | 70 | 30 | 530 |
1,257 | 681 | 644 | 696 | 802 | 1,504 | 897 | |
Total Liabilities | 1,778 | 1,942 | 2,232 | 2,702 | 3,352 | 4,303 | 4,523 |
569 | 621 | 614 | 709 | 780 | 1,174 | 1,251 | |
CWIP | 0 | 14 | 2 | 0 | 0 | 9 | 12 |
Investments | 0 | 56 | 195 | 221 | 575 | 642 | 1,056 |
1,208 | 1,252 | 1,421 | 1,772 | 1,997 | 2,479 | 2,204 | |
Total Assets | 1,778 | 1,942 | 2,232 | 2,702 | 3,352 | 4,303 | 4,523 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|
289 | 544 | 388 | 409 | 806 | 638 | |
-667 | -176 | -178 | -196 | -509 | -222 | |
464 | -383 | -222 | -132 | -245 | -406 | |
Net Cash Flow | 86 | -15 | -12 | 81 | 52 | 10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|
ROCE % | 43% | 41% | 38% | 45% | 43% | |
Debtor Days | 96 | 86 | 80 | 94 | 76 | 90 |
Inventory Turnover |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 3 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Feb
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 1 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 Jan
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan
View all