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

₹ 4,256 -4.95%
25 Apr - 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
1) Tech (35% in 9M FY25 vs 33% in FY22): [1] [2] The company provides services like software development, hardware design, product maintenance, testing, value analysis, manufacturing engineering, regulatory compliance, etc for MedTech, Semiconductors, Consumer Electronics, Hyperscalers, and Next-Gen Communication sectors. Segment revenue grew 6% YoY in 9M FY25, driven by MedTech, hyperscalers, and communication providers, with enhanced SWC capabilities. [3] [4]

Website BSE NSE
  • Market Cap ₹ 45,044 Cr.
  • Current Price ₹ 4,256
  • High / Low ₹ 6,000 / 3,855
  • Stock P/E 35.6
  • Book Value ₹ 574
  • Dividend Yield 1.17 %
  • ROCE 28.3 %
  • ROE 22.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
  • Company has been maintaining a healthy dividend payout of 42.0%

Cons

  • Stock is trading at 7.41 times its book value
  • Working capital days have increased from 42.6 days to 69.9 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 - Large

Part of BSE 200 BSE Information Technology BSE Allcap BSE 150 MidCap Index BSE 250 LargeMidCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,756 2,006 2,282 2,157 2,371 2,301 2,386 2,422 2,538 2,462 2,573 2,653 2,982
1,376 1,598 1,844 1,721 1,890 1,849 1,911 1,934 2,035 2,006 2,107 2,158 2,507
Operating Profit 380 408 437 436 480 453 476 488 503 456 466 495 476
OPM % 22% 20% 19% 20% 20% 20% 20% 20% 20% 19% 18% 19% 16%
42 41 38 74 50 48 41 62 56 62 65 34 49
Interest 10 11 11 12 11 12 13 13 13 13 12 16 16
Depreciation 53 59 59 59 57 57 68 72 75 73 78 73 82
Profit before tax 359 379 406 439 462 431 436 466 471 433 441 440 427
Tax % 27% 27% 26% 32% 26% 28% 28% 28% 28% 27% 27% 27% 27%
263 276 301 298 341 312 316 337 341 314 320 320 310
EPS in Rs 24.83 26.09 28.41 28.11 32.20 29.44 29.84 31.79 32.24 29.63 30.20 30.45 29.38
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 Mar 2023 Mar 2024 Mar 2025
2,619 3,066 3,248 3,747 5,078 5,619 5,450 6,570 8,816 9,647 10,670
2,220 2,547 2,663 3,172 4,164 4,509 4,442 5,155 7,055 7,728 8,778
Operating Profit 399 519 586 576 915 1,110 1,007 1,415 1,761 1,919 1,892
OPM % 15% 17% 18% 15% 18% 20% 18% 22% 20% 20% 18%
25 84 58 193 223 209 154 152 203 207 210
Interest 3 2 2 2 2 36 46 44 44 51 56
Depreciation 48 59 62 89 104 183 218 214 234 272 305
Profit before tax 372 542 579 678 1,031 1,100 897 1,309 1,686 1,804 1,741
Tax % 16% 23% 27% 25% 26% 25% 26% 27% 28% 28% 27%
311 419 425 507 768 822 666 961 1,216 1,306 1,264
EPS in Rs 10.36 55.88 41.78 49.39 73.61 78.33 63.14 90.68 114.77 123.28 119.64
Dividend Payout % 50% 26% 29% 32% 29% 27% 35% 39% 39% 41% 46%
Compounded Sales Growth
10 Years: 15%
5 Years: 14%
3 Years: 18%
TTM: 11%
Compounded Profit Growth
10 Years: 15%
5 Years: 9%
3 Years: 11%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 2%
1 Year: -18%
Return on Equity
10 Years: 27%
5 Years: 25%
3 Years: 25%
Last Year: 22%

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 Mar 2024 Mar 2025
Equity Capital 300 300 20 20 21 21 21 21 21 21 21
Reserves 2 766 1,465 1,916 2,458 2,748 3,452 4,141 4,414 5,306 6,059
969 196 102 70 70 30 480 477 454 659 578
507 681 644 696 802 1,504 1,113 1,438 3,295 2,497 2,986
Total Liabilities 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 8,184 8,483 9,644
569 621 614 709 780 1,174 1,282 1,283 1,303 1,613 2,245
CWIP 0 14 2 0 0 9 12 10 6 13 28
Investments 0 56 195 221 575 642 1,515 1,478 2,284 1,493 1,310
1,208 1,252 1,421 1,772 1,997 2,479 2,257 3,307 4,590 5,365 6,061
Total Assets 1,778 1,942 2,232 2,702 3,352 4,303 5,066 6,077 8,184 8,483 9,644

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 Mar 2024 Mar 2025
289 544 388 409 806 638 1,332 1,006 1,313 1,493
-667 -176 -178 -196 -509 -222 -1,005 -448 -578 -233
464 -383 -222 -132 -245 -406 -363 -498 -445 -658
Net Cash Flow 86 -15 -12 81 52 10 -36 60 290 602

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 Mar 2024 Mar 2025
Debtor Days 96 86 80 94 76 90 83 94 89 82 86
Inventory Days
Days Payable
Cash Conversion Cycle 96 86 80 94 76 90 83 94 89 82 86
Working Capital Days 67 41 60 77 57 68 49 52 14 43 70
ROCE % 43% 41% 38% 45% 43% 27% 31% 36% 34% 28%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.88% 73.87% 73.85% 73.85% 73.80% 73.77% 73.75% 73.74% 73.69% 73.69% 73.66% 73.66%
6.34% 6.04% 7.22% 6.69% 5.31% 5.89% 5.63% 5.52% 4.46% 4.35% 4.19% 5.18%
4.08% 8.00% 7.69% 8.41% 10.37% 10.77% 11.33% 12.09% 13.07% 13.72% 14.30% 13.67%
15.69% 12.10% 11.24% 11.06% 10.51% 9.55% 9.29% 8.65% 8.77% 8.24% 7.85% 7.47%
No. of Shareholders 2,76,7793,05,8812,88,9612,97,5692,84,6462,66,5712,57,3962,43,3742,54,7322,36,0002,31,0672,19,573

* 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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