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L&T Technology Services Limited

L&T Technology Services Limited

LTTS.NS
L&T Technology Services LimitedIN flagNational Stock Exchange of India
3,221.30
INR
+59.60
- -
341.68BMarket Cap
L&T Technology Services Limited
LTTS.NS
(National Stock Exchange of India)

Recent

price

3,221.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
349.15
408.83
330.6
367.27
491.24
539.27
520.21
624.11
835.02
912.73
911.09
1,037.66
1,013.6
Revenue per Share
41.45
55.88
42.05
49.59
74.06
78.56
63.32
90.91
114.81
123.34
119.69
120.72
119.86
Basic EPS, GAAP
38.52
70.33
34.75
31.62
69.27
46.58
119.84
80.16
107.18
117.32
129.4
119.85
- -
Free Cash Flow per Basic Share
29.32
40.27
9.21
8.01
19.58
20.98
20.98
34.51
30
46.99
50
55.94
- -
Dividend per Share
40
40.76
33.57
70.1
119.37
168.46
209.88
265.27
349.32
425.26
494.41
558.48
- -
Book Value per Share
72.24
73.59
100.8
132.54
178.62
207.38
269.84
335.65
361.14
446.84
447.01
481.32
- -
Tangible Book Value per Share
75
75
98
102
103
104
105
105
106
106
106
106
106
Basic Weighted Avg Shares
26,186
30,662
32,483
37,471
50,783
56,191
54,497
65,697
88,155
96,473
96,422
109,959
107,297
Sales/Revenue/Turnover
13.38
15.02
16.89
13.2
16.58
18.17
15.97
17.92
17.54
17.59
15.64
14.46
14.38
Operating Margin (%)
485
589
625
888
1,042
1,829
2,183
2,144
2,338
2,716
3,053
3,475
3,131
Depreciation Expense
3,109
4,191
4,249
5,060
7,656
8,186
6,633
9,570
12,121
13,037
12,667
12,792
12,688
Net Income, GAAP
16.4
22.84
26.62
25.26
25.5
25.25
25.72
26.63
27.85
27.58
27.42
26.55
27.27
Effective Tax Rate (%)
11.87
13.67
13.08
13.5
15.08
14.57
12.17
14.57
13.75
13.51
13.14
11.63
11.83
Profit Margin (%)
3,259
2,882
6,934
10,970
15,093
18,713
24,044
29,518
30,668
36,932
34,741
41,308
- -
Working Capital
- -
- -
- -
- -
- -
3,268
4,015
4,276
3,731
5,195
4,423
4,092
- -
LT Debt
10,254
10,656
14,852
19,367
24,822
27,755
34,832
41,762
44,529
53,478
60,975
64,922
- -
Total Equity
- -
28.69
28.61
20.53
27.46
26.48
17.94
19.83
22.99
22.25
17.1
16.86
- -
Return on Invested Capital (%)
- -
82.69
91.49
83.35
73.03
48.18
28.45
33
33.31
28.67
23.83
21.46
229.21
Return on Capital (%)
- -
138.39
130.04
96.84
78.56
54.77
33.55
38.35
37.41
31.86
26.04
22.94
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
1,353
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
4,423
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
106
- -
Market Capitalization
501,223
476,384
465,994

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
64,641
- -
Cash, Cash Equivalents & STI
- -
25,254
- -
Accounts Receivable, Net
- -
25,229
- -
Inventories
- -
39
- -
Total Current Liabilities
- -
29,900
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,353
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.24%
13.42%
6.47%
Free Cash Flow
22.17%
2.81%
-7.27%
Net Income, GAAP
13.64%
15.33%
0.99%
Sales/Revenue/Turnover
14.26%
15.63%
14.04%
Total Cash Common Dividend
21.39%
25.57%
12.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,014
23,865
24,218
25,376
96,473
2025
24,619
25,729
26,530
26,378
96,422
2026
28,660
29,235
28,579
- -
109,959

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29.45
29.84
31.8
- -
123.34
2025
29.65
30.2
30.47
29.38
119.69
2026
29.81
28.56
31.34
- -
120.72

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
46.99
2025
- -
- -
- -
- -
50
2026
- -
- -
- -
- -
55.94
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Business
L&T Technology Services Limited (LTTS.NS) is a global leader in engineering research and development (ER&D), digital engineering, and AI consulting services, offering end-to-end design, development, testing, and sustenance solutions across product and process lifecycles. The company operates through three core segments: Mobility, encompassing automotive, trucks and off-highway vehicles, aerospace, and rail with solutions for intelligent and sustainable mobility including software-defined vehicles and electric mobility; Sustainability, providing engineering for process, plant, and manufacturing sectors in energy, utilities, consumer packaged goods, and chemicals to enable responsible production; and Tech, delivering software engineering, embedded systems, mechanical design, testing and validation, semiconductors, medical devices, consumer electronics, hyperscalers, and next-generation communications including AI, 5G, cybersecurity, immersive experiences, Industry 4.0, and sustainability engineering. Additional services span product consulting, engineering analytics, plant engineering, enterprise platforms, connectivity, user interfaces, industrial networking, regulatory compliance, value engineering, and platform automation, serving OEMs, chipset vendors, telecom carriers, ISVs, and Fortune 500 clients across industrial products, transportation, telecom, hi-tech, and process industries. Headquartered in Vadodara, India, and founded in 2012 as a subsidiary of Larsen & Toubro Limited, LTTS conducts operations in more than 25 countries including North America, Europe, India, and Asia, with over 23,700 employees across 22 global design centers, 30 sales offices, and 108 innovation labs as of late 2024. The company generates annual revenues exceeding USD 1.35 billion and targets OEMs, hyperscalers, and ER&D spenders in mobility, sustainability, and technology sectors worldwide. In recent developments, LTTS signed a definitive agreement in November 2024 to acquire Silicon Valley-based Intelliswift, enhancing its software product development, platform engineering, digital integration, data, and AI capabilities while expanding into retail, fintech, and private equity channels and strengthening partnerships with four of the top five hyperscalers and over 25 Fortune 500 companies. In October 2025, the company secured a USD 100 million multi-year program from a US-based industrial equipment firm for new product creation, maintenance engineering, value engineering, and platform automation leveraging AI, computer vision, and automation technologies, including establishment of a Center of Excellence. These initiatives underscore LTTS's strategic focus on AI-driven innovation, digital transformation, and growth toward a USD 2 billion medium-term revenue goal.