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EquiscaleEquiscale
NSE / BSETechnology
β‚Ή3599.95+101.25+2.89%
P/E37.2Mkt Capβ‚Ή45.77 K CrEV/EBITDA22.3

L&T Technology Services Limited

P/E37.2Mkt Capβ‚Ή45.77 K CrEV/EBITDA22.3
Company Profile

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

Market Cap
β‚Ή0.00
β€”
Current Price
β‚Ή0
β€”as of 28 Jul 2026
P/E Ratio
0.0x
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P/B Ratio
0.0x
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EV / EBITDA
0.0x
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EV / Sales
0.0x
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52W High
β‚Ή0
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52W Low
β‚Ή0
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Shares Out
0.00 Cr
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Profitability

Operating Margin
0.0%
β€”
Net Profit Margin
0.0%
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EBITDA Margin
0.0%
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Returns

ROE
0.0%
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ROCE
0.0%
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ROIC %
β€”
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ROA
0.0%
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Dividend Payout
0.0%
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Solvency

Current Ratio
0.0x
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Debt / Equity
0.0x
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Debt / Assets
0.0x
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CFO / Net Profit
0.0x
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Interest Coverage
0.0x
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AI Summary

Indian Stock

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Rule-based from financial data. Not advice.

Price Historyβ–Ό 14.93% over 1Y
Technical Chart
Monthly Returns

Historically, Jul has averaged the highest return (+10.9%); Jan the lowest (-4.2%).

Average from:
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-16.6%Negative MonthJan 2026: -16.55%-5.3%Negative MonthFeb 2026: -5.35%-11.4%Negative MonthMar 2026: -11.40%+16.2%Positive MonthApr 2026: +16.21%-5.4%Negative MonthMay 2026: -5.36%-8.4%Negative MonthJun 2026: -8.44%+14.6%*Positive MonthJul 2026: +14.58%β€”β€”β€”β€”β€”
2025+14.9%Positive MonthJan 2025: +14.95%-16.7%Negative MonthFeb 2025: -16.74%-0.7%Neutral MonthMar 2025: -0.67%-5.4%Negative MonthApr 2025: -5.44%+2.6%Positive MonthMay 2025: +2.60%+0.7%Neutral MonthJun 2025: +0.69%-2.1%Negative MonthJul 2025: -2.07%-1.9%Neutral MonthAug 2025: -1.93%-2.6%Negative MonthSep 2025: -2.57%+0.1%Neutral MonthOct 2025: +0.13%+7.7%Positive MonthNov 2025: +7.74%+0.5%Neutral MonthDec 2025: +0.46%
2024+6.2%Positive MonthJan 2024: +6.21%-5.1%Negative MonthFeb 2024: -5.05%+3.4%Positive MonthMar 2024: +3.39%-15.4%Negative MonthApr 2024: -15.37%-3.2%Negative MonthMay 2024: -3.22%+9.4%Positive MonthJun 2024: +9.35%+6.2%Positive MonthJul 2024: +6.25%+9.6%Positive MonthAug 2024: +9.59%-6.5%Negative MonthSep 2024: -6.48%-7.4%Negative MonthOct 2024: -7.42%+6.8%Positive MonthNov 2024: +6.76%-10.4%Negative MonthDec 2024: -10.37%
2023-9.5%Negative MonthJan 2023: -9.47%+10.5%Positive MonthFeb 2023: +10.54%-8.4%Negative MonthMar 2023: -8.42%+11.8%Positive MonthApr 2023: +11.80%+3.4%Positive MonthMay 2023: +3.35%+0.8%Neutral MonthJun 2023: +0.78%+2.7%Positive MonthJul 2023: +2.72%+9.1%Positive MonthAug 2023: +9.11%+3.8%Positive MonthSep 2023: +3.81%-8.5%Negative MonthOct 2023: -8.49%+13.9%Positive MonthNov 2023: +13.85%+10.3%Positive MonthDec 2023: +10.28%
2022-16.2%Negative MonthJan 2022: -16.15%-3.4%Negative MonthFeb 2022: -3.43%+12.5%Positive MonthMar 2022: +12.53%-19.8%Negative MonthApr 2022: -19.80%-14.4%Negative MonthMay 2022: -14.37%-13.6%Negative MonthJun 2022: -13.55%+15.9%Positive MonthJul 2022: +15.90%+6.0%Positive MonthAug 2022: +6.00%-3.2%Negative MonthSep 2022: -3.19%-1.7%Neutral MonthOct 2022: -1.74%+7.7%Positive MonthNov 2022: +7.74%-3.4%Negative MonthDec 2022: -3.38%
2021β€”β€”β€”β€”β€”+7.4%Positive MonthJun 2021: +7.42%+28.1%Positive MonthJul 2021: +28.12%+5.4%Positive MonthAug 2021: +5.38%+19.8%Positive MonthSep 2021: +19.80%+0.5%Neutral MonthOct 2021: +0.55%+11.8%Positive MonthNov 2021: +11.76%+6.1%Positive MonthDec 2021: +6.10%
AvgΒ±SD-4.2%Β±12.6%-4.0%Β±8.7%-0.9%Β±8.6%-2.5%Β±14.3%-3.4%Β±6.4%-0.6%Β±8.1%+10.9%Β±9.9%+5.6%Β±4.1%+2.3%Β±9.4%-3.4%Β±3.8%+9.6%Β±2.7%+0.6%Β±7.2%
* Current month β€” value will change until month-end.

Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β€” the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.

Seasonal Tendency

This aggregates every month by calendar position β€” all Januaries together, all Februaries together, and so on β€” to show whether a given month has leaned positive or negative historically. β€˜Simple’ counts each month as +1 or βˆ’1. β€˜Weighted’ gives larger moves more influence: +2 above +10%, βˆ’2 below βˆ’10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations β€” read it as a historical tendency, not a reliable seasonal pattern.

Historical Trend

This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.

Year-to-Date ROI
Average from:
SD Γ—
Latest: 0.807x (2026)

Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β€” at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in β€œAverage from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.

Historical Performance

Revenue, profitability, and cash flow trends (β‚Ή 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

Revenueβ‚Ή9.53 K Crβ–² 9.8%
EBITDA Growthβ€”
Net Profitβ‚Ή1.22 K Crβ–Ό 2.9%
Cash from Ops (CFO)β€”
Free Cash Flow (FCF)β€”β–Ό 63.5%
Revenue CAGR 5Y10.9%
EBITDA CAGR 5Y10.3%
Net Profit CAGR 5Y9.8%
NP Growth 1Y-2.9%

Historical Growth

Year-by-year revenue, profitability, and cash flow (β‚Ή Crores, last 10 years)

YearRevenueOp. IncomeNet ProfitCFOFCFROERev Growth 1YNP Growth 1Y
Mar 2025β‚Ή9.53 K Crβ€”β‚Ή1.22 K Crβ€”β€”21.2%9.8%-2.9%
Mar 2024β‚Ή8.68 K Crβ€”β‚Ή1.26 K Crβ€”β€”24.9%9.7%9.1%
Mar 2023β‚Ή7.91 K Crβ€”β‚Ή1.15 K Crβ€”β€”27.4%34.7%25.6%
Mar 2022β‚Ή5.87 K Crβ€”β‚Ή918.00 Crβ€”β€”23.1%18.3%36.4%
Mar 2021β‚Ή4.96 K Crβ€”β‚Ή673.00 Crβ€”β€”20.1%-4.2%-14.8%
Mar 2020β‚Ή5.18 K Crβ€”β‚Ή790.00 Crβ€”β€”30.2%10.0%12.9%
Mar 2019β‚Ή4.71 K Crβ€”β‚Ή700.00 Crβ€”β€”28.7%34.4%43.1%
Mar 2018β‚Ή3.51 K Crβ€”β‚Ή489.00 Crβ€”β€”24.9%12.7%8.9%
Mar 2017β‚Ή3.11 K Crβ€”β‚Ή449.00 Crβ€”β€”29.3%7.5%3.0%
Mar 2016β‚Ή2.89 K Crβ€”β‚Ή436.00 Crβ€”β€”40.0%13.0%38.4%

Financial Statements

Income statement, balance sheet, and cash flow (β‚Ή Crores, as reported)

Consolidated Figures in USD Millions.

Unnamed: 0Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue / Net Sales1262,5612,8943,1123,5074,7125,1814,9645,8747,9108,6799,5339,922
Total Expenses1072,1562,3602,5082,9563,8484,1504,0264,5556,2666,8507,7418,126
EBIT / Operating Profit204045336045518641,0319381,3191,6441,8291,7921,796
OPM %16%16%18%19%16%18%20%19%22%21%21%19%18%
Other Income-4258254188151212174154202203211212
Finance Costs33210135443940485561
Depreciation & Amortisation14754585873153174183205246266262
Profit Before Tax123795596006819411,0558951,2511,6001,7391,6831,685
Tax %46%17%22%25%28%26%25%25%27%28%28%27%-
Net Profit / PAT63154364494897007906739181,1531,2581,2211,230
EPS (β‚Ή)0.6110.5158.1744.1547.7767.3175.5964.0887.04109.20119115.31116.13
Dividend Payout %0%50%25%27%34%31%28%34%40%41%42%48%-

Peer Comparison

Technology sector peers, ranked by market cap

CompanyMarket CapRevenueP/EP/BEV/EBITDARev G 1Y
L&T Technology Services Limitedthis co.β‚Ή45.77 K Crβ‚Ή9.53 K Cr37.207.9222.349.8%
Bharti Airtel Ltd.β‚Ή12.19 L Crβ‚Ή1.09 L Cr50.408.3127.1915.8%
Tata Consultancy Services Ltd.β‚Ή11.84 L Crβ‚Ή2.15 L Cr24.2013.9118.916.2%
Infosys Ltdβ‚Ή6.48 L Crβ‚Ή1.37 L Cr24.207.1716.315.9%
HCL Technologies Ltdβ‚Ή4.52 L Crβ‚Ή51.10 K Cr36.8014.48β€”6.2%
Bharat Electronics Ltd.β‚Ή3.02 L Crβ‚Ή23.66 K Cr53.3014.2351.3217.3%
Wipro Ltd.β‚Ή2.77 L Crβ‚Ή67.29 K Cr23.004.2918.850.8%
Industry Averageβ€”β‚Ή10.05 K Cr69.998.5866.7522.0%

Learn while you research

Hand-picked academy chapters to deepen your understanding of L&T Technology Services Limited and the metrics that matter.

01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read03 Valuation Multiples ExplainedThis stock trades at a P/E of 37.2, learn when high multiples are justified.6 min read04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read

Key concepts to brush up on

P/E RatioP/B RatioROEROCEFree Cash FlowDebt / EquityLTCG Tax
Browse the full Equiscale Academy