L&T Technology Services Ltd

₹ 3,296 -0.39%
27 Jan - close price
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
The Company has five Business Segments, namely Transportation, Plant Engineering, Industrial Products, Medical Devices, and Telecom & Hi-Tech. [1]

  • Market Cap 34,810 Cr.
  • Current Price 3,296
  • High / Low 5,295 / 2,923
  • Stock P/E 31.0
  • Book Value 422
  • Dividend Yield 0.76 %
  • ROCE 30.8 %
  • ROE 24.5 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
  • Company has been maintaining a healthy dividend payout of 33.4%

Cons

  • Stock is trading at 7.82 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,423 1,447 1,295 1,314 1,401 1,440 1,518 1,608 1,688 1,756 1,874 1,995 2,049
1,137 1,178 1,089 1,081 1,125 1,147 1,201 1,258 1,320 1,376 1,473 1,576 1,607
Operating Profit 286 268 206 233 276 293 318 349 367 380 401 419 441
OPM % 20% 19% 16% 18% 20% 20% 21% 22% 22% 22% 21% 21% 22%
44 61 14 57 49 35 44 29 37 42 45 39 74
Interest 9 9 11 11 11 12 11 11 11 10 11 11 12
Depreciation 47 48 49 53 62 54 55 53 53 53 58 59 58
Profit before tax 274 272 160 226 251 261 296 314 340 359 377 389 446
Tax % 25% 24% 26% 26% 25% 25% 27% 27% 27% 27% 27% 27% 32%
Net Profit 206 206 118 166 187 195 217 231 250 263 275 283 305
EPS in Rs 19.56 19.60 11.21 15.78 17.72 18.52 20.58 21.87 23.59 24.83 25.98 26.75 28.75
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 TTM
2,619 3,066 3,248 3,747 5,078 5,619 5,450 6,570 7,674
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 6,032
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,642
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 21%
25 84 58 193 223 209 154 152 200
Interest 3 2 2 2 2 36 46 44 43
Depreciation 48 59 62 89 104 183 218 214 228
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,571
Tax % 16% 23% 27% 25% 26% 25% 26% 27%
Net Profit 311 419 425 507 768 822 666 961 1,126
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 106.31
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 9%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 7%
TTM: 26%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 25%
1 Year: -28%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 25%
Last Year: 24%

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 Sep 2022
1,050 300 20 20 21 21 21 21 21
Reserves 2 766 1,465 1,916 2,458 2,748 3,452 4,141 4,431
219 196 102 70 70 30 480 477 461
1,257 681 644 696 802 1,504 1,113 1,438 1,419
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 6,332
569 621 614 709 780 1,174 1,282 1,283 1,316
CWIP 0 14 2 0 0 9 12 10 6
Investments 0 56 195 221 575 642 1,515 1,478 1,795
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307 3,216
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 6,332

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
289 544 388 409 806 638 1,332 1,006
-667 -176 -178 -196 -509 -222 -1,005 -448
464 -383 -222 -132 -245 -406 -363 -498
Net Cash Flow 86 -15 -12 81 52 10 -36 60

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 96 86 80 94 76 90 83 94
Inventory Days
Days Payable
Cash Conversion Cycle 96 86 80 94 76 90 83 94
Working Capital Days 67 41 60 77 57 68 49 52
ROCE % 43% 41% 38% 45% 43% 27% 31%

Shareholding Pattern

Numbers in percentages

16 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.62 74.60 74.36 74.27 74.24 74.23 74.15 73.93 73.90 73.88 73.87 73.85
8.37 8.95 7.97 8.87 9.06 8.92 9.50 9.23 7.14 6.34 6.04 7.22
4.88 4.45 5.83 6.40 6.36 6.68 6.14 5.42 5.20 4.08 8.00 7.69
12.13 12.00 11.83 10.46 10.34 10.17 10.21 11.41 13.76 15.69 12.10 11.24

* 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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