L&T Technology Services
Market cap ₹42,812 Cr
- P/E
- 31.65
- Day range
- ₹3,885.40 – ₹4,059.00
- 52-week range
- ₹3,010.00 – ₹4,726.00
- Volume
- 4.57 L
- Open
- ₹3,900.00
- Prev close
- ₹3,910.30
Latest results · Q2 FY27(consolidated)Revenue ₹3,040 Cr+2.0%Profit ₹549 Cr+66.7%Margin 18.0%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
LTTS in NSE indices and F&O
Research profile
Composite 60 / 100Factor percentiles
Derived metrics
- Earn. yield
- 3.2%
- Graham no.
- ₹1,428.01
- vs Graham
- -64.6%
- ROE ÷ P/B
- 3.5%
- 12-1 mom.
- -20.7%
- Return / vol
- -0.16
- Magic Formula
- #148
- Piotroski
- 4/6
- FCF yield
- 3.1%
- PEG
- 4.23
Appears in 13 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 39 in IT| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy ServicesTCS | ₹9.17 L Cr | 17.77 | 7.69 | 49.0% | 63.0% | 26.0% | 0.10 | +11.2% |
| InfosysINFY | ₹4.72 L Cr | 15.53 | 4.73 | 31.2% | 40.0% | 24.0% | 0.09 | +10.7% |
| HCL TechnologiesHCLTECH | ₹3.84 L Cr | 20.96 | 5.08 | 23.0% | 30.0% | 21.0% | 0.08 | +11.5% |
| WiproWIPRO | ₹1.87 L Cr | 14.86 | 2.38 | 15.6% | 18.0% | 20.0% | 0.28 | +9.1% |
| Tech MahindraTECHM | ₹1.76 L Cr | 28.85 | 5.91 | 16.9% | 23.0% | 18.0% | 0.07 | +15.6% |
| LTIMindtreeLTM | ₹1.21 L Cr | 23.26 | 4.74 | 21.3% | 30.0% | 18.0% | 0.09 | +13.6% |
| Persistent SystemsPERSISTENT | ₹91,773 Cr | 51.17 | 10.53 | 26.3% | 34.0% | 14.0% | 0.07 | +30.2% |
| L&T Technology ServicesLTTS | ₹42,812 Cr | 31.65 | 5.86 | 20.4% | 27.0% | 19.0% | 0.08 | +12.1% |
| Sector median | ₹12,996 Cr | 27.23 | 4.49 | 17.6% | 22.0% | 18.0% | 0.09 | +17.5% |
Sector as classified in the tracked universe; medians use every tracked IT company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 12d agoHeadlines about L&T Technology Services from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 30.7
- EPS (TTM)
- ₹124.36
- Price / Book
- 6.05
- ROE (FY26)
- 20.4%
- ROCE (latest year)
- 27%
- Dividend yield
- 1.44%
Moving averages (NSE)
- 20-day
- ₹3,429.74
- Price above
- 50-day
- ₹3,451.33
- Price above
- 200-day
- ₹3,508.95
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- Public
- FII
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,422 | 2,538 | 2,462 | 2,573 | 2,653 | 2,638 | 2,638 | 2,713 | 2,787 | 2,858 | 2,940 | 3,040 |
| Expenses | 1,934 | 2,035 | 2,006 | 2,107 | 2,158 | 2,205 | 2,197 | 2,239 | 2,289 | 2,336 | 2,392 | 2,455 |
| Operating Profit | 488 | 503 | 456 | 466 | 495 | 433 | 441 | 474 | 498 | 521 | 548 | 586 |
| OPM % | 20% | 20% | 19% | 18% | 19% | 16% | 17% | 17% | 18% | 18% | 19% | 19% |
| Other Income | 62 | 56 | 62 | 65 | 34 | 80 | 83 | 77 | 9 | 31 | 34 | 200 |
| Interest | 13 | 13 | 13 | 12 | 16 | 16 | 16 | 16 | 15 | 17 | 14 | 14 |
| Depreciation | 72 | 75 | 73 | 78 | 73 | 81 | 81 | 92 | 86 | 86 | 87 | 89 |
| Profit before tax | 466 | 471 | 433 | 441 | 440 | 416 | 427 | 444 | 406 | 449 | 481 | 682 |
| Tax % | 28% | 28% | 27% | 27% | 27% | 25% | 26% | 26% | 25% | 26% | 26% | 20% |
| Net Profit | 337 | 341 | 314 | 320 | 320 | 310 | 316 | 329 | 303 | 333 | 357 | 549 |
| EPS in Rs | ₹31.79 | ₹32.24 | ₹29.63 | ₹30.20 | ₹30.45 | ₹29.38 | ₹29.79 | ₹31.01 | ₹28.55 | ₹31.33 | ₹33.62 | ₹51.67 |
From company filings, updated 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-16 days since Mar 2021
-16 days since Mar 2021
-9 days since Mar 2021
Strengths, risks & growth
Incorporated in 2012, L&T Technology Services is an engineering and technology services company, a subsidiary of Larsen & Toubro, providing design, development, testing, and maintenance services across products and processes. [1]
Strengths
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 44.9%
Risks
None flagged by the checklist.
Compounded Sales Growth
- 10 Years
- +14%
- 5 Years
- +15%
- 3 Years
- +11%
- TTM
- +9%
Compounded Profit Growth
- 10 Years
- +12%
- 5 Years
- +16%
- 3 Years
- +6%
- TTM
- +14%
Stock Price CAGR
- 10 Years
- +17%
- 5 Years
- -3%
- 3 Years
- -1%
- 1 Year
- -3%
Return on Equity
- 10 Years
- +25%
- 5 Years
- +23%
- 3 Years
- +23%
- Last Year
- +22%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 73.58% | 73.57% | 73.52% | 73.51% | -0.01 pp |
| FII | 4.22% | 3.86% | 4.13% | 4.43% | +0.30 pp |
| DII | 14.57% | 14.64% | 14.05% | 13.76% | -0.29 pp |
| Public | 7.62% | 7.93% | 8.29% | 8.29% | 0.00 pp |
Filed with NSE for Sept 2026: promoters 73.51%, public 26.49% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 3.15% (-0.54 pp)- Promoters73.5%
- Foreign institutions4.4%
- Mutual funds3.1%
- Insurance9.6%
- Other domestic institutions1.0%
- Retail6.5%
- Others1.8%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Sundaram Mid Cap Fund | 0.44% | 1.26% | +0.44 pp |
| SBI Midcap Fund | 0.41% | 0.69% | -0.49 pp |
| ICICI Pru Technology Fund | 0.35% | 1.11% | +0.07 pp |
| SBI Dividend Yield Fund | 0.25% | 1.14% | -0.04 pp |
| HDFC Multi Cap Fund | 0.21% | 0.42% | +0.03 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Bad
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 37.3%
- Downside volatility
- 34.8%
- Worst 5% of days
- 3.6%
- Average of that tail
- 5.2%
- Max drawdown (1Y)
- 35.1%
- Below its peak
- 16.7%
Against the market
- Beta vs Nifty 50
- 0.93
- Correlation
- 0.33
- Relative strength (3M)
- +21.2%
- ATR (14)
- 4.0%
Return
- Return 1M
- +18.7%
- Return 3M
- +15.9%
- Return 6M
- +10.1%
- Return 1Y
- -5.8%
- vs 200-day average
- +11.4%
Momentum
- RSI (14)
- 69.2
- MACD histogram
- 78.24
- Stochastic %K
- 76.1
- ADX (14)
- 32.9
- +DI / −DI
- 36.2 / 7.5
- Money flow index
- 80.2
Participation
- Delivery (20d avg)
- 36.0%
- vs its 60-day baseline
- -6.7 pts
- Volume vs 20-day
- +0.0σ
- Close vs day's VWAP
- -0.5%
- 52-week position
- 52 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
4 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — failed
- Free cash flow
- ₹1,270 Cr
- FCF yield
- 3.1%
- Cash conversion
- 1.14
- Accruals ratio
- -0.017
- Net debt
- -₹1,071 Cr
- Net debt / equity
- -0.17
- EV / sales
- 3.44
- PEG
- 4.23
- Capex intensity
- 1.6%
- Revenue CAGR
- -4.2%
- Profit CAGR
- 7.3%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹20.00
Interim Dividend - Rs 20 Per Share
27 Oct 2026ex-date - dividend₹40.00
Dividend - Rs 40 Per Share
22 May 2026ex-date - dividend₹18.00
Interim Dividend - Rs 18 Per Share
27 Oct 2025ex-date - dividend₹38.00
Dividend - Rs 38 Per Share
6 Jun 2025ex-date - dividend₹17.00
Interim Dividend - Rs 17 Per Share
25 Oct 2024ex-date - dividend₹33.00
Dividend - Rs 33 Per Share
14 Jun 2024ex-date - dividend₹17.00
Interim Dividend - Rs 17 Per Share
27 Oct 2023ex-date - dividend₹30.00
Dividend - Rs 30 Per Share
7 Jul 2023ex-date - dividend₹15.00
Interim Dividend - Rs 15 Per Share
27 Oct 2022ex-date - dividend₹15.00
Annual General Meeting/Dividend - Rs 15 Per Share
7 Jul 2022ex-date - dividend₹10.00
Interim Dividend - Rs 10 Per Share
25 Jan 2022ex-date - dividend₹10.00
Special Dividend - Rs 10 Per Share
26 Oct 2021ex-date - dividend₹14.50
Annual General Meeting/Dividend - Rs 14.50 Per Share
8 Jul 2021ex-date - dividend₹7.50
Interim Dividend - Rs 7.50 Per Share
26 Oct 2020ex-date - dividend₹13.50
Annual General Meeting/Dividend - Rs 13.50 Per Share
8 Jul 2020ex-date - dividend₹7.50
Interim Dividend - Rs 7.50 Per Sh
30 Oct 2019ex-date - dividend₹13.50
Annual General Meeting/Dividend - Rs 13.50 Per Share
11 Jul 2019ex-date - dividend₹7.50
Interim Dividend - Rs 7.50 Per Share
1 Nov 2018ex-date - dividend₹12.00
Annual General Meeting/Dividend Rs 12/- Per Share
13 Aug 2018ex-date - dividend₹4.00
Interim Dividend - Rs 4/- Per Share (Purpose Revised)
14 Nov 2017ex-date - dividend₹4.00
Dividend - Rs 4/- Per Share
14 Aug 2017ex-date
Company announcements
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026, is attached.
Board of Directors to consider Interim Dividend for the Half year ending September 30, 2026.
Intimation Attached.
L&T Technology Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/10/2026 ,inter alia, to consider and approve Unaudited Standalone ....
L&T Technology Services Limited has informed the Exchange regarding a press release dated September 24, 2026 titled "L&T Technology Services Partners with Cognite to Advance Engineering ....
L&T Technology Services Limited has informed the exchange about schedule of meet.
Intimation attached for allotment of 8,725 shares.
L&T Technology Services Limited has informed the Exchange about Receipt of No-objection letters from the Stock Exchanges for Reclassification of Nabha Power Limited from Promoter Group ....
Submission of Voting Results of Postal Ballot under Regulation 44 of SEBI (Listing Obligation and Disclosure Requirements), 2015 along with a copy of Scrutiniser's Report.
Submission of Scrutiniser's Report for the Postal Ballot Notice dated August 3, 2026.
L&T Technology Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet.
L&T Technology Services has informed the Exchange regarding completion of sale of Smart World and Communication Business Unit of the company to AMI Paradigm Solutions Private Limited, pursuant ....
L&T Technology Services Limited has informed the Exchange about Schedule of meet.
Copy of Newspaper clippings related to transfer of Equity Shares to the Investor Education and Protection Fund (IEPF) Authority is attached.
L&T Technology Services Limited has secured a landmark engagement valued over $ 75 million from a leading global technology enterprise.
Filed with BSE (scrip 540115); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptSlidesRecording
- Jul 2026TranscriptSlides
- Jul 2026Slides
- Jun 2026Slides
- Apr 2026TranscriptSlidesRecording
- Apr 2026Slides
Credit ratings
- Rating update · 19 Jun from crisil
- Rating update · 2 Apr 2025 from crisil
- Rating update · 6 Jan 2025 from crisil
- Rating update · 4 Jul 2024 from crisil
- Rating update · 4 Jan 2024 from crisil
- Rating update · 3 Jan 2024 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 19 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
L&T Technology Services: common questions
Answered from the figures on this page.
