L&T Technology Services Limited
₹4,279.25+₹96.60 (+2.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹45,766 Cr
- P/E
- 37.2x
- EV / EBITDA
- 22.3x
- Revenue
- ₹9,533 Cr
- Net margin
- 14.5%
- ROCE
- 32.2%
Price chart
Technical chartScreen technicals →+4.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +32.8%
- 3M
- +20.0%
- 6M
- +18.0%
- 1Y
- +4.1%
- 5Y
- -14.7%
52-week range
Day change +₹96.60 (+2.3%) from ₹4,183 to ₹4,279 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in LTTS, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 24.9%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
Read moreShow less
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.
- Sector
- Technology
- Shares outstanding
- 10.6 Cr shares
- ISIN
- INE010V01017
- BSE code
- 540115
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹45,766 Cr
- P/E
- 37.2x
- P/B
- 7.9x
- EV / EBITDA
- 22.3x
- EV / Sales
- 5.2x
- P/S
- 5.3x
- Earnings yield
- 2.7%
- 52-week high
- ₹4,693.55
- 52-week low
- ₹3,050.90
Profitability
- Operating margin
- 21.1%
- Net margin
- 14.5%
- EBITDA margin
- 23.4%
- ROE
- 24.9%
- ROCE
- 32.2%
- ROA
- 15.7%
- Dividend payout
- 42.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 11.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹9,533 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,032 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.9%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,341 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹169 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.0%
Solvency and efficiency
- Current ratio
- 2.84
- Debt / Equity
- 0.12
- Debt / Assets
- 0.08
- Debt / EBITDA
- 0.31
- Interest coverage
- 38.10
- Financial leverage
- 1.58
- CFO / Net profit
- 1.07
- Cash / Market cap
- 10.8%
- Cash per share
- ₹467.60
- Asset turnover
- 1.08
- Fixed asset turnover
- 6.24
- Capital intensity
- 0.16
- Debtor days
- 86 days
- Cash conversion cycle
- 86 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹13 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,741 Cr |
| Sales | Operating profit | ₹1,792 Cr |
| Operating profit | Interest | ₹55 Cr |
| Operating profit | Depreciation | ₹266 Cr |
| Operating profit | Profit before tax | ₹1,471 Cr |
| Other income | Profit before tax | ₹211 Cr |
| Profit before tax | Tax and other | ₹462 Cr |
| Profit before tax | Net profit | ₹1,221 Cr |
Revenue and net profit
Revenue grew 9.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹4,964 Cr | ₹673 Cr |
| FY2022 | ₹5,874 Cr | ₹918 Cr |
| FY2023 | ₹7,910 Cr | ₹1,153 Cr |
| FY2024 | ₹8,679 Cr | ₹1,258 Cr |
| FY2025 | ₹9,533 Cr | ₹1,221 Cr |
Cash flows
FY2025: ₹1,428 Cr from operations, ₹874 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,267 Cr | ₹302 Cr |
| FY2022 | ₹899 Cr | ₹510 Cr |
| FY2023 | ₹1,267 Cr | ₹707 Cr |
| FY2024 | ₹1,341 Cr | ₹1,110 Cr |
| FY2025 | ₹1,428 Cr | ₹874 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹9,533 Cr+9.8%1Y
- Net profit
- ₹1,221 Cr-2.9%1Y
- Cash from operations
- ₹1,428 Cr
- Free cash flow
- ₹874 Cr-21.3%1Y
- Revenue CAGR, 5Y
- 10.9%
- EBITDA CAGR, 5Y
- 10.3%
- Net profit CAGR, 5Y
- 9.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹9,533 Cr | ₹1,792 Cr | — | ₹1,221 Cr | ₹1,428 Cr | ₹874 Cr | 21.2% | +9.8% | -2.9% |
Monthly returns
Month-by-month returns of LTTS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹8,862 Cr |
| Equity capital | ₹21 Cr |
| Reserves | ₹5,727 Cr |
| Borrowings | ₹535 Cr |
| Other liabilities | ₹2,579 Cr |
| Assets | ₹8,862 Cr |
| Fixed assets | ₹1,274 Cr |
| Capital work in progress | ₹28 Cr |
| Investments | ₹2,219 Cr |
| Other assets | ₹5,341 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
LTTS trades at 37.2x earnings against a peer median of 52.1x (a 29% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| L&T Technology Services LimitedLTTSthis companyP/E ↓ discount | ₹45,766 Cr | 37.2x | 7.9x | 24.9% | 22.3x |
| Oracle Financial Services Software LimitedOFSS | ₹66,928 Cr | 19.9x | 10.5x | 32.8% | 24.4x |
| COFORGE LIMITEDCOFORGE | ₹57,232 Cr | 81.8x | 9.5x | 30.0% | 45.1x |
| Mphasis LimitedMPHASIS | ₹54,771 Cr | 38.1x | 9.4x | 25.3% | 23.6x |
| Tata Communications LimitedTATACOMM | ₹49,590 Cr | 92.7x | 4.9x | 6.5% | 24.2x |
| Hexaware Technologies LimitedHEXT | ₹44,916 Cr | 43.4x | 13.2x | — | — |
| Endurance Technologies LimitedENDURANCE | ₹36,420 Cr | 52.2x | 8.0x | 15.4% | 34.2x |
| Tata Elxsi LtdTATAELXSI | ₹36,075 Cr | 53.8x | 13.3x | 31.6% | 30.6x |
| KPIT Technologies LtdKPITTECH | ₹32,171 Cr | 54.3x | 16.5x | 20.4% | 57.7x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
LTTS since 1 January, against earlier years.
Historical volatility
LTTS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 19.0% |
| FY2022 | 22.0% |
| FY2023 | 21.0% |
| FY2024 | 21.0% |
| FY2025 | 19.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹9,533 Cr |
| Costs | |
| Interest | ₹55 Cr |
| Expenses | ₹7,741 Cr |
| Operating profitOperating Profit | ₹1,792 Cr |
| Other income and charges | |
| Profit before tax | ₹1,683 Cr |
| Tax | |
| Net profitNet Profit | ₹1,221 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹8,862 Cr |
| Equity capitalEquity Capital | ₹21 Cr |
| Reserves | ₹5,727 Cr |
| Borrowings | ₹535 Cr |
| Other liabilitiesOther Liabilities | ₹2,579 Cr |
| AssetsTotal Assets | ₹8,862 Cr |
| Fixed assetsFixed Assets | ₹1,274 Cr |
| Capital work in progressCWIP | ₹28 Cr |
| Investments | ₹2,219 Cr |
| Other assetsOther Assets | ₹5,341 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,428 Cr |
| Investing cash flowCash from Investing Activity | -₹554 Cr |
| Financing cash flowCash from Financing Activity | -₹705 Cr |
| Change in cashNet Cash Flow | ₹169 Cr |
Learn while you research
Academy chapters picked for L&T Technology Services Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 37.2, learn when high multiples are justified.6 min read
- 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read