L&T Technology Services Ltd

₹ 3,592 2.03%
30 Sep - 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 37,919 Cr.
  • Current Price 3,592
  • High / Low 5,958 / 2,923
  • Stock P/E 37.4
  • Book Value 394
  • Dividend Yield 0.70 %
  • 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 9.11 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,348 1,402 1,423 1,447 1,295 1,314 1,401 1,440 1,518 1,608 1,688 1,756 1,874
1,075 1,119 1,137 1,178 1,089 1,081 1,125 1,147 1,201 1,258 1,320 1,376 1,473
Operating Profit 273 283 286 268 206 233 276 293 318 349 367 380 401
OPM % 20% 20% 20% 19% 16% 18% 20% 20% 21% 22% 22% 22% 21%
56 47 44 61 14 57 49 35 44 29 37 42 45
Interest 9 9 9 9 11 11 11 12 11 11 11 10 11
Depreciation 43 44 47 48 49 53 62 54 55 53 53 53 58
Profit before tax 277 277 274 272 160 226 251 261 296 314 340 359 377
Tax % 26% 25% 25% 24% 26% 26% 25% 25% 27% 27% 27% 27% 27%
Net Profit 204 206 206 206 118 166 187 195 217 231 250 263 275
EPS in Rs 19.60 19.78 19.56 19.60 11.21 15.78 17.72 18.52 20.58 21.87 23.59 24.83 25.98
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 6,925
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 5,427
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,498
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 22%
25 84 58 193 223 209 154 152 153
Interest 3 2 2 2 2 36 46 44 44
Depreciation 48 59 62 89 104 183 218 214 217
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,391
Tax % 16% 23% 27% 25% 26% 25% 26% 27%
Net Profit 311 419 425 507 768 822 666 961 1,019
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 96.27
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 9%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 7%
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: 36%
3 Years: 34%
1 Year: -23%
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
1,050 300 20 20 21 21 21 21
Reserves 2 766 1,465 1,916 2,458 2,748 3,452 4,141
219 196 102 70 70 30 480 477
1,257 681 644 696 802 1,504 1,113 1,438
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077
569 621 614 709 780 1,174 1,282 1,283
CWIP 0 14 2 0 0 9 12 10
Investments 0 56 195 221 575 642 1,515 1,478
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077

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

8 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.97 74.74 74.62 74.60 74.36 74.27 74.24 74.23 74.15 73.93 73.90 73.88
8.93 8.26 8.37 8.95 7.97 8.87 9.06 8.92 9.50 9.23 7.14 6.34
4.76 4.52 4.88 4.45 5.83 6.40 6.36 6.68 6.14 5.42 5.20 4.08
11.34 12.48 12.13 12.00 11.83 10.46 10.34 10.17 10.21 11.41 13.76 15.69

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