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

₹ 3,873 0.16%
30 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
The Company has five Business Segments, namely Transportation, Plant Engineering, Industrial Products, Medical Devices, and Telecom & Hi-Tech. [1]

Website BSE NSE
  • Market Cap ₹ 40,907 Cr.
  • Current Price ₹ 3,873
  • High / Low ₹ 4,319 / 2,923
  • Stock P/E 35.0
  • Book Value ₹ 469
  • Dividend Yield 0.65 %
  • ROCE 33.6 %
  • ROE 25.7 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.0%
  • Company has been maintaining a healthy dividend payout of 33.5%

Cons

  • Stock is trading at 8.26 times its book value
  • Working capital days have increased from 79.5 days to 137 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

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,447 1,295 1,314 1,401 1,440 1,518 1,608 1,688 1,756 1,874 1,995 2,049 2,096
1,178 1,089 1,081 1,125 1,147 1,201 1,258 1,320 1,376 1,473 1,576 1,607 1,647
Operating Profit 268 206 233 276 293 318 349 367 380 401 419 441 449
OPM % 19% 16% 18% 20% 20% 21% 22% 22% 22% 21% 21% 22% 21%
61 14 57 49 35 44 29 37 42 45 39 74 50
Interest 9 11 11 11 12 11 11 11 10 11 11 12 11
Depreciation 48 49 53 62 54 55 53 53 53 58 59 58 56
Profit before tax 272 160 226 251 261 296 314 340 359 377 389 446 432
Tax % 24% 26% 26% 25% 25% 27% 27% 27% 27% 27% 27% 32% 28%
Net Profit 206 118 166 187 195 217 231 250 263 275 283 305 311
EPS in Rs 19.60 11.21 15.78 17.72 18.52 20.58 21.87 23.59 24.83 25.98 26.75 28.75 29.32
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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
2,619 3,066 3,248 3,747 5,078 5,619 5,450 6,570 8,014
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 6,303
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,711
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 21%
25 84 58 193 223 209 154 152 208
Interest 3 2 2 2 2 36 46 44 44
Depreciation 48 59 62 89 104 183 218 214 232
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,644
Tax % 16% 23% 27% 25% 26% 25% 26% 27% 29%
Net Profit 311 419 425 507 768 822 666 961 1,174
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 110.77
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39% 27%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 13%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 13%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: 24%
3 Years: 49%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 24%
Last Year: 26%

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
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 4,930
219 196 102 70 70 30 480 477 454
1,257 681 644 696 802 1,504 1,113 1,438 1,512
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 6,917
569 621 614 709 780 1,174 1,282 1,283 1,294
CWIP 0 14 2 0 0 9 12 10 6
Investments 0 56 195 221 575 642 1,515 1,478 2,284
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307 3,333
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 6,917

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
289 544 388 409 806 638 1,332 1,006 1,305
-667 -176 -178 -196 -509 -222 -1,005 -448 -572
464 -383 -222 -132 -245 -406 -363 -498 -444
Net Cash Flow 86 -15 -12 81 52 10 -36 60 290

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
Debtor Days 96 86 80 94 76 90 83 94 79
Inventory Days
Days Payable
Cash Conversion Cycle 96 86 80 94 76 90 83 94 79
Working Capital Days 67 41 60 77 57 68 49 52 137
ROCE % 43% 41% 38% 45% 43% 27% 31% 34%

Shareholding Pattern

Numbers in percentages

15 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
74.60 74.36 74.27 74.24 74.23 74.15 73.93 73.90 73.88 73.87 73.85 73.85
8.95 7.97 8.87 9.06 8.92 9.50 9.23 7.14 6.34 6.04 7.22 6.69
4.45 5.83 6.40 6.36 6.68 6.14 5.42 5.20 4.08 8.00 7.69 8.41
12.00 11.83 10.46 10.34 10.17 10.21 11.41 13.76 15.69 12.10 11.24 11.06

* 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

Announcements

Annual reports

DRHP

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