L&T Technology Services Ltd
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]
- 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of Earnings Conference Call organized by the Company on January 19, 2023, for the quarter and nine months ended December 31, 2022, for your …
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Q3 FY-23 Earnings Conference Call Recording
20 Jan - The Q3 FY - 23 Earnings Conference Call was held on Thursday, January 19, 2023 at 7.00 PM IST and audio recording of the same …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Jan - Copies of the newspaper advertisement pertaining to financial results of the Company for the quarter and nine months ended December 31, 2022. The advertisements were …
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Jan - The Company has allotted 6,070 equity shares of face value of Rs. 2/- each on January 19, 2023, to those grantees who had exercised their …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Jan - Copy of the Press Release titled 'L&T Technology Services Selected as Strategic Engineering Partner to Airbus for Advanced Capabilities and Digital Manufacturing Services' which is …
Annual reports
Concalls
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Jan 2023TranscriptPPT
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Jan 2023Transcript PPT
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Jan 2023TranscriptPPT
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Oct 2022TranscriptPPT
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Jul 2022TranscriptPPT
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Apr 2022TranscriptPPT
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Oct 2021Transcript PPT
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May 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Mar 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Aug 2018TranscriptPPT
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May 2018TranscriptPPT
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Jul 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
Business Segments
The Company has five Business Segments, namely Transportation, Plant Engineering, Industrial Products, Medical Devices, and Telecom & Hi-Tech. [1]