Is L&T Technology Services a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that L&T Technology Services Ltd is a good quality company .

Is L&T Technology Services undervalued or overvalued?

The key valuation ratios of L&T Technology Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is L&T Technology Services share price return in the past 10 years?

Data is not available for this company

Is L&T Technology Services a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of L&T Technology Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of L&T Technology Services?

The latest standalone P/E ratio of L&T Technology Services as of 21-Nov-2024 is 43.26.

What is the P/B ratio of L&T Technology Services?

The latest standalone P/B ratio of L&T Technology Services as of 21-Nov-2024 is 10.23.

L&T Technology Services Ltd - Stock Valuation and Financial Performance

Name: L&T Technology Services
Brand: L&T Technology Services

BSE: 540115 | NSE: LTTS | IT - Software | Mid Cap

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L&T Technology Serv. Share Price

₹5,175 42.30 0.82%
as on 21-Nov'24 14:15

10 Year X-Ray of L&T Technology Serv.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	29.6%	43%	40.8%	37.9%	45.4%	42.5%	30.1%	35.4%	40.3%	38%	-
Value Creation Index ⓘ	1.6	2.8	2.0	1.8	2.4	2.2	1.7	2.2	2.6	2.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,619	3,066	3,248	3,747	5,078	5,619	5,450	6,570	8,816	9,647	9,994
Sales YoY Gr.	-	17.1%	5.9%	15.4%	35.5%	10.7%	-3%	20.6%	34.2%	9.4%	-
Adj EPS ⓘ	39.6	49.2	39	41.6	67.3	73.9	59.2	82.7	110.7	119	123.8
YoY Gr.	-	24.2%	-20.8%	6.7%	62%	9.7%	-19.9%	39.7%	33.9%	7.5%	-
BVPS (₹) ⓘ	40.3	42.2	143.3	183.7	235.1	261.6	327.9	392.8	411.5	493.5	530.9
Adj Net Profit ⓘ	297	369	396	426	700	768	622	873	1,168	1,257	1,310
Cash Flow from Ops. ⓘ	289	528	388	409	806	638	1,333	1,006	1,313	1,493	-
Debt/CF from Ops. ⓘ	0.8	0.4	0.3	0.2	0.1	0.1	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.6%	13.7%	21%	9.4%
Adj EPS ⓘ	13%	12.1%	26.2%	7.5%
BVPSⓘ	32.1%	16%	14.6%	19.9%
Share Price	-	29.1%	-2.7%	12.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	28.3	34.9	31.1	24.9	31.7	29.3	19.9	22.9	27.2	25.8	24.2
Op. Profit Mgn % ⓘ	15.2	16.9	17.4	15	18	19.8	17.8	21.1	19.9	19.8	19.1
Net Profit Mgn % ⓘ	11.4	12	12.2	11.4	13.9	13.7	11.5	13.3	13.3	13.1	13.1
Debt to Equity ⓘ	0.2	0.2	0.1	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	0	136	141	142	122	130	142	129	135	149	112
Cash Conv. Cycle ⓘ	0	53	53	60	54	61	68	56	30	3	68

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.97%

Net Profit is growing at healthy rate in last 3 years 26.23%

Return on Equity has declined versus last 3 years average to 24.20%

Sales growth is not so good in last 4 quarters at 8.53%

Latest Financials - L&T Technology Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	118.7	123.8
TTM Sales (₹ Cr.)	9,070	9,994
BVPS (₹.) ⓘ	501.8	530.9
Reserves (₹ Cr.) ⓘ	5,290	5,598
P/BV ⓘ	10.23	9.67
PE ⓘ	43.26	41.46

From the Market
52 Week Low / High (₹)	4228.00 / 5990.00
All Time Low / High (₹)	671.00 / 5990.00
Market Cap (₹ Cr.)	54,325
Equity (₹ Cr.)	21.2
Face Value (₹)	2
Industry PE ⓘ	34.4

Management X-Ray of L&T Technology Serv.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of L&T Technology Serv.

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of L&T Technology Serv.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,619	3,066	3,248	3,747	5,078	5,619	5,450	6,570	8,816	9,647
Operating Expenses ⓘ	2,220	2,547	2,684	3,184	4,164	4,511	4,483	5,188	7,069	7,740
Manufacturing Costs	386	217	199	284	353	380	365	594	1,077	879
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	1,487	1,968	2,096	2,460	3,032	3,252	3,355	3,651	4,631	4,930
Other Costs ⓘ	348	362	389	440	779	879	763	943	1,362	1,931
Operating Profit ⓘ	399	519	564	563	915	1,108	967	1,382	1,746	1,908
Operating Profit Margin (%)	15.2%	16.9%	17.4%	15.0%	18.0%	19.7%	17.7%	21.0%	19.8%	19.8%
Other Income ⓘ	25	85	79	206	223	211	194	185	218	219
Interest ⓘ	3	3	2	2	2	37	46	44	44	51
Depreciation ⓘ	48	59	63	89	104	183	218	214	234	272
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	372	543	579	678	1,031	1,100	897	1,309	1,686	1,804
Tax ⓘ	61	124	154	171	263	278	231	349	470	498
Profit After Tax	311	419	425	507	768	822	667	961	1,216	1,306
PAT Margin (%)	11.9%	13.7%	13.1%	13.5%	15.1%	14.6%	12.2%	14.6%	13.8%	13.5%
Adjusted EPS (₹)	33.7	55.9	41.9	49.4	73.6	78.3	63.2	90.7	114.9	123.0
Dividend Payout Ratio (%)	62%	54%	17%	32%	29%	27%	35%	39%	39%	41%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,052	1,066	1,455	1,883	2,445	2,733	3,443	4,144	4,341	5,231
Share Capital ⓘ	1,050	1,050	20	21	21	21	21	21	21	21
Reserves ⓘ	2	16	1,434	1,862	2,424	2,712	3,422	4,123	4,320	5,210
Minority Interest	0	-1	-0	0	3	7	10	14	18	21
Debt	219	196	102	70	70	30	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	219	196	102	70	70	30	0	0	0	0
Trade Payables	169	214	149	181	188	198	235	393	1,237	1,412
Others Liabilities ⓘ	338	494	494	544	646	1,304	1,378	1,526	2,588	1,820
Total Liabilities ⓘ	1,778	1,969	2,199	2,678	3,352	4,272	5,066	6,077	8,184	8,483
Fixed Assets
Gross Block	569	712	762	933	1,104	1,683	1,967	2,130	2,317	2,688
Accumulated Depreciation	0	91	148	223	324	509	684	847	1,014	1,075
Net Fixed Assetsⓘ	569	621	614	709	780	1,174	1,282	1,283	1,303	1,613
CWIP ⓘ	0	14	2	0	0	9	12	10	7	13
Investmentsⓘ	0	56	195	221	575	642	1,515	1,478	2,284	1,493
Inventories	0	0	0	0	0	0	0	0	2	3
Trade Receivables	685	726	711	962	1,064	1,381	1,235	1,696	2,152	2,180
Cash Equivalents	115	83	67	154	205	244	233	674	690	1,391
Others Assetsⓘ	407	469	611	631	727	823	790	937	1,747	1,791
Total Assets ⓘ	1,778	1,969	2,199	2,678	3,352	4,272	5,066	6,077	8,184	8,483

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	289	528	388	409	806	638	1,333	1,006	1,313	1,493
PBT ⓘ	372	559	579	678	1,031	1,100	897	1,309	1,686	1,804
Adjustment ⓘ	48	35	101	78	149	179	263	199	249	270
Changes in Working Capital ⓘ	-64	99	-134	-175	-94	-429	425	-145	-155	-56
Tax Paid ⓘ	-67	-166	-158	-172	-281	-212	-252	-356	-467	-526
Cash Flow From Investing Activity ⓘ	-667	-176	-178	-196	-509	-222	-1,005	-448	-578	-233
Capex	-53	-127	-45	-85	-89	-151	-76	-156	-179	-242
Net Investments	-616	-56	-139	-26	-337	-18	-841	49	-502	691
Others ⓘ	1	6	6	-85	-84	-53	-89	-341	103	-683
Cash Flow From Financing Activityⓘ	464	-383	-222	-132	-245	-406	-363	-498	-445	-658
Net Proceeds from Shares ⓘ	547	0	750	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-3	-2	-3	-2	-37	-46	-44	-44	-51
Dividend Paid ⓘ	-220	-302	-91	-82	-202	-219	-220	-363	-317	-497
Others ⓘ	140	-79	-880	-48	-41	-151	-98	-91	-84	-110
Net Cash Flow ⓘ	86	-32	-12	81	52	10	-36	60	290	602

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	102.98	135.42	48	30.36	35.51	31.77	21.58	25.32	28.67	27.29
ROCE (%)	29.55	43.04	40.81	37.85	45.36	42.51	30.06	35.44	40.25	38
Asset Turnover Ratio	1.47	1.64	1.56	1.54	1.68	1.47	1.17	1.18	1.24	1.16
PAT to CFO Conversion(x)	0.93	1.26	0.91	0.81	1.05	0.78	2	1.05	1.08	1.14
Working Capital Days
Receivable Days	96	84	81	81	73	79	88	81	80	82
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

L&T Technology Services Ltd Stock News

L&T Technology Services Ltd FAQs

What is the share price of L&T Technology Serv.?

Company share prices are keep on changing according to the market conditions. The closing price of L&T Technology Serv. on 21-Nov-2024 14:15 is ₹5,175.

What is the market cap of L&T Technology Serv.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:15 the market cap of L&T Technology Serv. stood at ₹54,325.2.

What is the P/E ratio of L&T Technology Serv.?

The latest P/E ratio of L&T Technology Serv. as of 21-Nov-2024 14:15 is 43.26.

What is the P/B ratio of L&T Technology Serv.?

The latest P/B ratio of L&T Technology Serv. as of 21-Nov-2024 14:15 is 10.23.

What is the 52-week high and low of L&T Technology Serv.?

The 52-week high of L&T Technology Serv. is ₹5,990 and the 52-week low is ₹4,228.

What is the TTM revenue of L&T Technology Serv.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of L&T Technology Serv. is ₹9,070 ( Cr.) .

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a global leader in Engineering and R&D (ER&D) services. With many patents filed for 53 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. Its innovations speak for themselves - World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World, to name a few.

LTTS’ expertise in engineering design, product development, smart manufacturing, and digitalization touches every area of human lives - from the moment one wakes up till the time one goes to bed. With various Innovation and R&D design centers globally, it specialize in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport. LTTS is a publicly listed subsidiary of Larsen & Toubro Limited.

Business area of the company

L&T Technology Services Limited is a leading global pure-play Engineering Research and Development (ER&D) services company. ER&D services are a set of services provided to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers.

Products and services offered by the company

Industry

Transportation
Industrial Products
Plant Engineering
Semiconductors
Media & Entertainment
Consumer Electronics
Healthcare
Telecommunications
Oil & Gas
Software Products

Services

Products
Manufacturing
Operations
Consultancy

Awards

LTTS wins Businessworld magazine’s 3rd HR Excellence Awards 2017
Rated as one of the most Innovative Indian company for FY2017
LTTS wins NASSCOM Digital Skills Awards 2017, for transformation program for digital re-skilling.
Best CSR Practice Award 2018 by the UBS Forums
PTC recognizes LTTS with the Global System Integration (GSI) partner award 2018
LTTS was awarded Silver for being the Most Exemplary Employer (COVID-19 response category) in the 17th Stevie International Business Awards.
L&T Technology Services was awarded Silver for Most Innovative Workplace Redesign (COVID-19 response category) at the 5th Stevie Great Employers Awards.
Brandon Hall's HCM Excellence Awards 2020 awarded LTTS’ North American Talent Acquisition team with the Bronze Award for Excellence in Best Advance in Talent Acquisition Process.
L&T Technology Services was honored with the Mahatma Award 2019 for CSR excellence in Integrated Water Management Project.
L&T Technology Services has been awarded Silver for Most Innovative Tech Company of the year at the 17th Stevie International Business Awards.
2018 IoT Platforms Leadership Award by IoT Evolution Magazine for Integrated MCare
NASSCOM Artificial Intelligence Game Changer Awards 2018 for AIKno framework
Golden Peacock Innovative Product & Service Award 2018 for iBEMS framework
L&T Technology Services adjudged as the Gold Winner of the Stevie Award for Best Employer of the Year 2019.
Global Innovation & Technology Alliance (GITA) felicitated L&T Technology Services for its Robotic Endo-training Kit.
L&T Technology Services’ AiKno Solution awarded Frost & Sullivan’s 2019 Indian Cognitive Automation Technology Innovation Leadership Award.
L&T Technology Services honored with The BML Munjal Awards for Business Excellence through Learning & Development in the Private services category.
Indo-American Chamber of Commerce (IACC) honored L&T Technology Services’ with the Best Company of the Year Award.
Confederation of Indian Industry (CII) recognized L&T Technology Services as one of the most innovative Indian companies in the ‘Services category’ in the ‘Large Enterprises’ segment
Indo-American Chamber of Commerce further honored L&T Technology Services’ green innovation by awarding the company with the ‘Green Office Space of the Year.’
EMC Transformation Award & Dataquest Business Technology award in the Analytics category
LTTS has been honoured with the award for Best Company for Excellence & Innovation in Digital Engineering Services by Dataquest
L&T Technology Services was awarded as the Gold Winner for Brandon Hall Excellence award for Rewards & Recognitions in North America
L&T Technology Services stands 11th in Dalal Street Investment Journal’s Super 50 rankings
Honda conferred LTTS with the ‘Performance Excellence Award’ for exceeding performance standards including quality, cost and service
Continental Honors L&T Technology Services with Supplier of the Year Award
Innovation Award from Daimler
Global Engineering Productivity Improvement Award & Gold Supplier awarded by UTC
L&T Technology Services has been awarded Silver for Best Workplace Practices at the inaugural edition of Financial Express BrandWagon Ace Awards 2020
Recognized as one of the ‘Most Admired Brands’ in Indian ICT Industry for the year 2020 by VARINDIA

Major events and milestones

2013

Incorporation of L&T Technology Services
L&T Partners with Bayer for efficient CapEx execution
L&T IES Announces Consulting and Systems Integrator Alliance Agreement with Siemens PLM Software in North America
Mixel and GDA Technologies Partner to Deliver a Complete UFS MIPI Solution
Calsonic Kansei and L&T IES partner to set up an Offshore Development Centre in Chennai
Takata and L&T Technology Services Establish Global Engineering Service Center in India
Larsen & Toubro and AVEVA sign Teaming Agreement

2014

The Company acquired the PES Business (except the unit in Germany) from LTIL.
L&T Technology Services and Tele2 announce strategic M2M/IoT partnership for the transportation industry
L&T Technology Services forms a Joint Venture with Thales to strengthen Avionics Business
L&T Technology Services and Proximetry collaborate to enable Smart Grid Applications for the Internet of Things (IoT)

2015

The Company acquired the unit of PES Business in Germany from L&T Infotech GmbH.
The Company acquired the IES Business from L&T.
The Company acquired 74.0% stake in TSIPL.
The Company acquired the engineering services division of Dell, India.
The Company acquired the engineering services division of Dell, USA through the wholly owned subsidiary, LTTS LLC.
L&T Technology Services rated as a leader in Eleven Categories by Zinnov in GSPR 2015
L&T Technology Services and Cisco launch Global Internet of Things (IoT) Solutions Centre
L&T Technology Services and Cisco launch Global Internet of Things (IoT) Solutions Centre
Infor Further Expands Partner Network in India with L&T Technology Services
Launch of Solutions for Smart Cities at Hannover Messe
L&T Technology Services and Cargill sign a 3 year master Service Agreement for expanding into new service areas and new geographies
L&T Technology Services and ThingWorx Partner for Internet of Things Applications
L&T Technology Services Joins Intel® Network Builders Program

2016

L&T Technology Services inks multi-million dollar contract with global semiconductor firm.
L&T Technology Services, CeNSE, IISc join hands for innovation in Nanotechnology and Sensors.
L&T Technology Services launches new Center of Excellence in U S dedicated to Digital Engineering
Indo-American Chamber of Commerce has conferred L&T Technology Services with the Company of the Year Award.
NASSCOM launched India’s first Centre of Excellence - Internet of Things (CoE- IoT) in Bengaluru, with L&T Technology Services as a strategic partner
Zinnov rates L&T Technology Services Limited in the Leadership Zone across 10 verticals in Zinnov Zones 2016 Product Engineering Services
L&T Technology Services announce Digital Engineering Transformation partnership with Azure-led Industry solutions.
L&T Technology Services launches new Center of Excellence in U.S dedicated to Digital Engineering
L&T Technology Services partners with Redknee to deliver IoT architecture for enterprises in transport, energy and insurance
L&T Technology Services wins coveted Dataquest Business Technology Award
L&T Technology Services and Danaher Corporation celebrate a decade of strong partnership in Engineering
Anapass achieves First-time Success with MIPI DSI Total solution from L&T Technology Services
L&T Technology Services recognized as “ACE Supplier Gold” by UTC; also wins productivity award
Calsonic Kansei and L&T Technology Services deepen 4 year partnership, inaugurate state of the art Material Test Centre in Chennai
L&T Technology Services, Canada’s eCamion and Ryerson University, and India’s Anna University Join Hands for Unique Community Energy Storage Project

2017

L&T Technology Services wins Smart City & Campus project
L&T Technology Services conferred with Prestigious Golden Peacock National Quality Award
L&T Technology Services unveils new delivery center for leading German Original Equipment Manufacturer (OEM) in Munich, Germany
L&T Technology Services Limited & UTC Commercial Businesses Establish Innovation Lab for Intelligent Buildings, Connected Homes and Cold Chain Logistics
L&T Technology Services and Dell EMC join hands to roll-out modular smart building solutions to create the ‘digital market of one’
L&T Technology Services Limited (LTTS) announces completion of Esencia acquisition
L&T Technology Services conferred with World Quality Congress Award for Quality Excellence in Planning, Processes & Systems
L&T Technology Services Collaborating with Wind River for Intelligent Systems

2018

L&T Technology Services unveils Digital Engineering Centre in Gothenburg, Sweden
L&T Technology Services announces completion of Graphene Semiconductor Services acquisition
L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe
L&T Technology Services launches new NB-IoT Protocol Stack IP, collaborates with Cadence to facilitate smart connectivity

2019

L&T Technology Services inaugurates Aerospace & Defense Engineering Design Center in Rockford, Illinois
L&T Technology Services Ltd develops the world’s first cost-effective Robotic Endo-training Kit
L&T Technology Services Completes CWIP Certification Program for Widevine DRM solutions
L&T Technology Services partners with Zodiac Systems for Advanced Set-Top Box Solutions
United Technologies selects L&T Technology Services as a strategic partner for Collins Aerospace
L&T Technology Services establishes its presence in Hi-Tech campus, Eindhoven to enhance customer centricity in the Netherlands
L&T Technology Services and Kudelski Group Join Forces to Deliver Simple and Secure Industrial and Automotive IoT Solutions
LTTS unveils Factory D.0 - its one-stop solution for factories of the future

2020

L&T Technology Services Selected to Support Tenneco DRiV Ride Performance Division
L&T Technology Services expands collaboration with Microsoft to offer eco-friendly solutions for workplace transformation
L&T Technology Services Joins SRT Alliance and Is Recognized as SRT Ready Partner
LTTS Launches Industry4.NOW to Help Global Manufacturers Scale Their Digital Initiatives
L&T Technology Services joins Qualcomm Smart Cities Accelerator Program to provide Smart City solutions to OEMs and System Integrators