L&T Technology Services Limited LTTS NIFTY_MIDNSEAITECH
Company Overview
L&T Technology Services Limited operates as an engineering research and development services company in India, North America, Europe, and other international markets. The company operates through three segments: Mobility, Sustainability, and Tech. It provides digital engineering and consulting services such as artificial intelligence, cybersecurity, industry 4.0 consulting, product consulting, sustainability engineering, 5G, and smart solutions. It provides engineering services which include computer-aided engineering, computational fluid dynamics, CAx automation, DevOps, engineering and manufacturing analytics, lab services, product testing and validation, VLSI design, voice solutions, user experience, sustenance and maintenance, embedded systems, and cloud and software engineering. In addition, the company offers manufacturing engineering services, including operations support, supply chain solutions, digital factory and simulation, manufacturing automation, new product development, PLM on cloud, plant design, materials management, and sourcing and procurement services. Further, it delivers plant engineering services such as CAPEX project services, plant management, operational support, regulatory compliance, and procurement solutions. L&T Technology Services Limited serves industries including automotive, aerospace, rail transportation, commercial, recreational and off-highway vehicles, industrial products, process manufacturing, hi-tech, medical technology, public infrastructure, smart cities, and software platforms. Additionally, the company has strategic collaboration with Thyssenkrupp Steering and ASSAI Software Services. 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 operates as a subsidiary of Larsen & Toubro Limited.
Why Investors Should Care
Generates a return on equity of 19.8%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 24.0%.
Carries low leverage with a debt-to-equity ratio of 0.09.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹10,995.90 Cr (+14.0% YoY); net profit ₹1,279.20 Cr.
- Trailing 12 Months Year-on-year growth — revenue +14.0%, earnings +1.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 7.6%, profit CAGR 1.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 7.65% |
| 1 Year: | 14.04% |
Compounded Profit Growth
| 5 Years: | 1.81% |
| 1 Year: | 0.99% |
Stock Price Performance
| 1 Year: | -20.41% |
| 6 Months: | -20.87% |
| 3 Months: | -0.05% |
| 1 Month: | +0.37% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
L&T Technology Services specialises in AI-embedded engineering — autonomous vehicles, medical-device AI, industrial IoT, semiconductor design AI. Branded 'Nxt.AI' platform spans 6 verticals. Deep partnerships with NVIDIA (Omniverse), Microsoft, AMD.
- AI in engineering R&D (ER&D) L&T Technology Services embeds AI across digital engineering — autonomous systems, medical devices, telecom and industrial products for global clients.
- GenAI & digital-twin accelerators GenAI accelerators and digital twins shorten product-development cycles and add value in complex engineering programmes.
- AI at the intelligent edge AI/ML at the edge for connected products, semiconductors and Industry 4.0 broadens the addressable market.
- Specialist in AI-enabled engineering R&D rather than commoditised IT — a differentiated niche.
- High returns (ROCE ~27%, ROE ~22%) and steady mid-teens growth.
- Engineering-AI demand is structurally tied to clients' product roadmaps.
- Exposure to global R&D budget cycles can cause near-term volatility.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 24.0%.
- Generates positive free cash flow.
CONS
- Trading 26.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LTTS L&T Technology Services Limited NIFTY_MIDNSEAITECH | 3,408.00 | 28.28 | ₹36,124.17 Cr | 1.77% | 23.97% | 19.76% | 7.65% | 1.81% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,371.00 Cr | 2,301.00 Cr | 2,386.00 Cr | 2,422.00 Cr | 2,538.00 Cr | 2,462.00 Cr | 2,573.00 Cr | 2,653.00 Cr | 2,637.80 Cr | 2,866.00 Cr | 2,980.00 Cr | 2,923.50 Cr | 2,857.90 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 1,395.10 Cr | 1,548.50 Cr | 1,591.20 Cr | - | 1,642.50 Cr | 1,681.70 Cr |
| Gross Profit | - | - | - | - | - | - | - | 1,257.90 Cr | 1,089.30 Cr | 1,274.80 Cr | - | 1,281.00 Cr | 1,176.20 Cr |
| Operating Expenses | 1,890.00 Cr | 1,849.00 Cr | 1,911.00 Cr | 1,934.00 Cr | 2,035.00 Cr | 2,006.00 Cr | 2,107.00 Cr | 836.00 Cr | 737.50 Cr | 893.50 Cr | 2,489.00 Cr | 853.90 Cr | 741.30 Cr |
| Operating Income | 423.00 Cr | 396.00 Cr | 408.00 Cr | 416.00 Cr | 428.00 Cr | 383.00 Cr | 388.00 Cr | 421.90 Cr | 351.80 Cr | 381.30 Cr | 398.00 Cr | 427.10 Cr | 434.90 Cr |
| EBITDA | 480.00 Cr | 453.00 Cr | 476.00 Cr | 488.00 Cr | 503.00 Cr | 456.00 Cr | 466.00 Cr | 528.20 Cr | 481.80 Cr | 530.10 Cr | 491.00 Cr | 511.70 Cr | 539.70 Cr |
| Interest Expense | 11.00 Cr | 12.00 Cr | 13.00 Cr | 13.00 Cr | 13.00 Cr | 13.00 Cr | 12.00 Cr | 15.50 Cr | 15.90 Cr | 16.50 Cr | 16.00 Cr | 14.90 Cr | 17.00 Cr |
| Pretax Income | 462.00 Cr | 431.00 Cr | 436.00 Cr | 466.00 Cr | 471.00 Cr | 433.00 Cr | 441.00 Cr | 439.90 Cr | 385.00 Cr | 432.50 Cr | 448.00 Cr | 410.10 Cr | 436.20 Cr |
| Tax Provision | 120.12 Cr | 120.68 Cr | 122.08 Cr | 130.48 Cr | 131.88 Cr | 116.91 Cr | 119.07 Cr | 120.40 Cr | 105.50 Cr | 116.40 Cr | 120.96 Cr | 107.00 Cr | 116.20 Cr |
| Net Income | 341.00 Cr | 312.00 Cr | 316.00 Cr | 337.00 Cr | 341.00 Cr | 314.00 Cr | 320.00 Cr | 322.40 Cr | 311.10 Cr | 315.70 Cr | 329.00 Cr | 302.60 Cr | 332.10 Cr |
| Diluted EPS | 32.20 | 29.44 | 29.84 | 31.79 | 32.24 | 29.63 | 30.20 | 30.40 | 29.32 | 29.77 | 31.01 | 28.52 | 31.29 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,619.00 Cr | 3,066.00 Cr | 3,248.00 Cr | 3,747.00 Cr | 5,078.00 Cr | 5,619.00 Cr | 5,450.00 Cr | 6,570.00 Cr | 8,815.50 Cr | 9,647.30 Cr | 9,642.20 Cr | 10,995.90 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 5,847.30 Cr | 6,647.10 Cr | 6,914.90 Cr | 7,999.30 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 2,968.20 Cr | 3,000.20 Cr | 2,727.30 Cr | 2,996.60 Cr |
| Operating Expenses | 2,220.00 Cr | 2,547.00 Cr | 2,663.00 Cr | 3,172.00 Cr | 4,164.00 Cr | 4,509.00 Cr | 4,442.00 Cr | 5,155.00 Cr | 1,421.90 Cr | 1,303.10 Cr | 1,219.60 Cr | 1,406.10 Cr |
| Operating Income | 351.00 Cr | 460.00 Cr | 524.00 Cr | 487.00 Cr | 811.00 Cr | 927.00 Cr | 789.00 Cr | 1,201.00 Cr | 1,546.30 Cr | 1,697.10 Cr | 1,507.70 Cr | 1,590.50 Cr |
| EBITDA | 399.00 Cr | 519.00 Cr | 586.00 Cr | 576.00 Cr | 915.00 Cr | 1,110.00 Cr | 1,007.00 Cr | 1,415.00 Cr | 1,964.20 Cr | 2,126.30 Cr | 2,001.20 Cr | 2,086.10 Cr |
| Interest Expense | 3.00 Cr | 2.00 Cr | 2.00 Cr | 2.00 Cr | 2.00 Cr | 36.00 Cr | 46.00 Cr | 44.00 Cr | 44.40 Cr | 50.90 Cr | 56.50 Cr | 64.10 Cr |
| Pretax Income | 372.00 Cr | 542.00 Cr | 579.00 Cr | 678.00 Cr | 1,031.00 Cr | 1,100.00 Cr | 897.00 Cr | 1,309.00 Cr | 1,686.00 Cr | 1,803.80 Cr | 1,639.40 Cr | 1,674.50 Cr |
| Tax Provision | 59.52 Cr | 124.66 Cr | 156.33 Cr | 169.50 Cr | 268.06 Cr | 275.00 Cr | 233.22 Cr | 353.43 Cr | 469.60 Cr | 497.50 Cr | 449.50 Cr | 444.50 Cr |
| Net Income | 311.00 Cr | 419.00 Cr | 425.00 Cr | 507.00 Cr | 768.00 Cr | 822.00 Cr | 666.00 Cr | 961.00 Cr | 1,212.10 Cr | 1,303.70 Cr | 1,266.70 Cr | 1,279.20 Cr |
| Diluted EPS | 10.36 | 55.88 | 41.78 | 49.39 | 73.61 | 78.33 | 63.14 | 90.68 | 114.48 | 123.00 | 119.44 | 120.53 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1,778.00 Cr | 1,942.00 Cr | 2,232.00 Cr | 2,702.00 Cr | 3,352.00 Cr | 4,303.00 Cr | 5,066.00 Cr | - | 8,197.60 Cr | 8,488.50 Cr | 9,643.50 Cr | 10,488.90 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 6,376.90 Cr | 6,230.30 Cr | 6,464.10 Cr | 7,366.40 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 534.60 Cr | 1,122.10 Cr | 1,383.10 Cr | 1,649.70 Cr |
| Inventory | - | - | - | - | - | - | - | - | 1.60 Cr | 3.30 Cr | 3.90 Cr | 5.80 Cr |
| Receivables | - | - | - | - | - | - | - | - | 2,154.30 Cr | 2,186.60 Cr | 2,522.90 Cr | 2,031.20 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 3,744.70 Cr | 3,140.70 Cr | 3,546.00 Cr | 3,996.70 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 3,310.10 Cr | 2,537.10 Cr | 2,990.00 Cr | 3,235.60 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | 969.00 Cr | 196.00 Cr | 102.00 Cr | 70.00 Cr | 70.00 Cr | 30.00 Cr | 480.00 Cr | - | 454.20 Cr | 658.80 Cr | 577.60 Cr | 578.50 Cr |
| Total Equity | 302.00 Cr | 1,066.00 Cr | 1,485.00 Cr | 1,936.00 Cr | 2,479.00 Cr | 2,769.00 Cr | 3,473.00 Cr | - | 4,434.90 Cr | 5,327.10 Cr | 6,080.00 Cr | 6,472.70 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 10.56 Cr | 10.58 Cr | 10.59 Cr | 10.60 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 289.00 Cr | 544.00 Cr | 388.00 Cr | 409.00 Cr | 806.00 Cr | 638.00 Cr | 1,332.00 Cr | - | 1,313.00 Cr | 1,492.80 Cr | 1,481.10 Cr | 1,455.10 Cr |
| Investing Cash Flow | -667.00 Cr | -176.00 Cr | -178.00 Cr | -196.00 Cr | -509.00 Cr | -222.00 Cr | -1,005.00 Cr | - | -577.90 Cr | -233.30 Cr | -509.40 Cr | -442.80 Cr |
| Financing Cash Flow | 464.00 Cr | -383.00 Cr | -222.00 Cr | -132.00 Cr | -245.00 Cr | -406.00 Cr | -363.00 Cr | - | -445.30 Cr | -657.90 Cr | -718.20 Cr | -799.50 Cr |
| Capital Expenditure | -53.00 Cr | -126.00 Cr | -45.00 Cr | -85.00 Cr | -88.00 Cr | -151.00 Cr | -75.00 Cr | - | -181.50 Cr | -252.80 Cr | -111.60 Cr | -185.10 Cr |
| Free Cash Flow | 236.00 Cr | 418.00 Cr | 343.00 Cr | 324.00 Cr | 718.00 Cr | 487.00 Cr | 1,257.00 Cr | - | 1,131.50 Cr | 1,240.00 Cr | 1,369.50 Cr | 1,270.00 Cr |
| Net Change in Cash | 86.00 Cr | -15.00 Cr | -12.00 Cr | 81.00 Cr | 52.00 Cr | 10.00 Cr | -36.00 Cr | - | 289.80 Cr | 601.60 Cr | 253.50 Cr | 212.80 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 33.7% | 31.1% | 28.3% | 27.3% |
| Operating Margin % | 13.4% | 15.0% | 16.1% | 13.0% | 16.0% | 16.5% | 14.5% | 18.3% | 17.5% | 17.6% | 15.6% | 14.5% |
| Net Margin % | 11.9% | 13.7% | 13.1% | 13.5% | 15.1% | 14.6% | 12.2% | 14.6% | 13.7% | 13.5% | 13.1% | 11.6% |
| ROE % | 103.0% | 39.3% | 28.6% | 26.2% | 31.0% | 29.7% | 19.2% | - | 27.3% | 24.5% | 20.8% | 19.8% |
| ROCE % | - | - | - | - | - | - | - | - | 31.6% | 28.5% | 22.7% | 21.9% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for LTTS
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LTTS — Frequently Asked Questions
What is the current share price of L&T Technology Services Limited (LTTS)?
As of 2026-07-15 09:52 IST, L&T Technology Services Limited (LTTS) trades at ₹3,408.00 on NSE. Its 52-week range is ₹3,041.31 to ₹4,643.84.
What is the market capitalisation of LTTS?
L&T Technology Services Limited (LTTS) has a market capitalisation of ₹36,124.17 Cr on NSE.
What is the P/E ratio of LTTS?
LTTS trades at a trailing price-to-earnings (P/E) ratio of 28.28. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 5.40.
Does LTTS pay a dividend?
L&T Technology Services Limited (LTTS) currently offers a dividend yield of 1.77%.
What is the return on equity (ROE) of LTTS?
LTTS has a return on equity (ROE) of 19.76%. Its return on capital employed (ROCE) is 23.97%.
Is LTTS a good stock to buy?
This page provides a data-driven analysis of L&T Technology Services Limited (LTTS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.