L&T Technology Services Limited
L&T Technology Services Limited operates as an engineering research and development services company in India, North America, Europe, and internationally. It operates through three segments: Mobility, Sustainability, and Tech. The company offers digital engineering and consulting services, including artificial intelligence, cybersecurity, immersive experiences, industry 4.0 consulting, product consulting, sustainability engineering, 5G, and sustainable smart world solutions; and product engineering solutions, such as computer aided engineering, computation fluid dynamics, CAx automation, DevOps, engineering and manufacturing analytics, lab as a service, product testing and validation, testing, VLSI design, voice innovations, user experience, sustenance and maintenance, embedded systems, and Alexa consulting and professional services, as well as software, cloud, and wearables engineering solutions. The company also provides manufacturing engineering solutions, including accelerated operations, agile supply chain, content engineering, digital factory and simulations, line expansion and transfer, manufacturing automation, new product development, PLM on cloud, plant design and engineering, materials and parts management, and sourcing and procurement solutions; and plant engineering solutions, such as CAPEX project E/EPCM services, material and parts management, operational excellence, plant sustenance and management, sourcing and procurement, and regulatory compliance engineering solutions. It serves automotive, aerospace engineering, rail transportation, trucks and off-highway vehicles, discrete manufacturing and industrial products, process manufacturing, hi-tech, medical technology, public infrastructure and smart cities, and software and platforms. The company has a strategic partnership with Thyssenkrupp Steering to establish a global software hub in Pune, India. The company was formerly known as L&T Integrated Engineering Services Limited and changed its name to L&T Technology Services Limited in September 2012. The company was incorporated in 2012 and is headquartered in Vadodara, India. L&T Technology Services Limited is a subsidiary of Larsen & Toubro Limited.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Healthy return on equity of 24.9%
Concerns0
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ9.53 K Cr | β | βΉ1.22 K Cr | β | β | 21.2% | 9.8% | -2.9% |
| Mar 2024 | βΉ8.68 K Cr | β | βΉ1.26 K Cr | β | β | 24.9% | 9.7% | 9.1% |
| Mar 2023 | βΉ7.91 K Cr | β | βΉ1.15 K Cr | β | β | 27.4% | 34.7% | 25.6% |
| Mar 2022 | βΉ5.87 K Cr | β | βΉ918.00 Cr | β | β | 23.1% | 18.3% | 36.4% |
| Mar 2021 | βΉ4.96 K Cr | β | βΉ673.00 Cr | β | β | 20.1% | -4.2% | -14.8% |
| Mar 2020 | βΉ5.18 K Cr | β | βΉ790.00 Cr | β | β | 30.2% | 10.0% | 12.9% |
| Mar 2019 | βΉ4.71 K Cr | β | βΉ700.00 Cr | β | β | 28.7% | 34.4% | 43.1% |
| Mar 2018 | βΉ3.51 K Cr | β | βΉ489.00 Cr | β | β | 24.9% | 12.7% | 8.9% |
| Mar 2017 | βΉ3.11 K Cr | β | βΉ449.00 Cr | β | β | 29.3% | 7.5% | 3.0% |
| Mar 2016 | βΉ2.89 K Cr | β | βΉ436.00 Cr | β | β | 40.0% | 13.0% | 38.4% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 9,922 |
| Total Expenses | 8,126 |
| EBIT / Operating Profit | 1,796 |
| OPM % | 18% |
| Other Income | 212 |
| Finance Costs | 61 |
| Depreciation & Amortisation | 262 |
| Profit Before Tax | 1,685 |
| Tax % | - |
| Net Profit / PAT | 1,230 |
| EPS (βΉ) | 116.13 |
| Dividend Payout % | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| L&T Technology Services Limitedthis co. | βΉ45.77 K Cr | βΉ9.53 K Cr | 37.20 | 7.92 | 22.34 | 9.8% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |