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L&T Technology Services Ltd

(LTTS)

₹53072.74%

as on 04:01PM, 22 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

L&T Technology Services Ltd Analyst Rating

based on 28 analysts

SELL

17.86%

Buy

14.29%

Hold

67.86%

Sell

Based on 28 analysts offering long term price targets for L&T Technology Services Ltd. An average target of ₹5092.43

Source: S&P Global Market Intelligence

L&T Technology Services Ltd Share analysis

L&T Technology Services Ltd price forecast by 28 analysts

Downside of-4.04%

High

₹6500

Target

₹5092.43

Low

₹3460

L&T Technology Services Ltd target price ₹5092.43, a slight downside of -4.04% compared to current price of ₹5307. According to 28 analysts rating.

Source: S&P Global Market Intelligence

L&T Technology Services Ltd Performance

  • Day's Low

    Day's High

    ₹5,165.7
    ₹5,318
  • 52 Week's Low

    52 Week's High

    ₹4,200
    ₹6,000
1 Month Return-0.18 %
3 Month Return-2.84 %
1 Year Return+ 17.17 %
Previous Close₹5,165.70
Open₹5,186.95
Volume96.46K
Upper Circuit-
Lower Circuit-
Market Cap₹54,674.52Cr

L&T Technology Services Ltd Key Statistics

P/E Ratio42.83
PEG Ratio9.98
Market Cap₹54,674.52 Cr
P/B Ratio11.5
EPS123.24
Dividend Yield0.91
SectorIT - Software
ROE27.19

L&T Technology Services Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
SELL₹54,674.52 Cr51.78%0.56₹1,306 Cr₹9,647 Cr
BUY₹21,763.77 Cr80.1%0.50₹297 Cr₹1,842 Cr
SELL₹40,458.99 Cr145.01%0.55NANA
BUY₹54,780.72 Cr91.03%0.57₹835 Cr₹9,179 Cr
HOLD₹89,231.92 Cr324.71%0.52₹1,093 Cr₹9,821 Cr

About L&T Technology Services Ltd

LT Technology Services Limited (LTTS), a subsidiary of Larsen Toubro Limited, is a leading global engineering research and development (ERD) services company headquartered in India, with over 16,000 employees spread across 25 global sales offices and 89 innovation labs. As of March 31, 2022, its customer base includes 69 Fortune 500 companies and 53 of the world’s top ERD companies. In 2014, LTTS acquired the Product Engineering Services (PES) business except the unit in Germany from Larsen Toubro Infotech Limited, and in 2015, it acquired the unit of PES business in Germany from LT Infotech GmbH. Following this, it also acquired 74% stake in Thales Software India Private Limited (TSIPL) and the Engineering Services division of Dell India. In 2016, the company was listed on the bourses and announced a Digital Engineering Transformation partnership with Microsoft Corporation. They secured a multi-year multimillion dollar contract from a large global semiconductor company, developed Smart City Campus solutions, completed the acquisition of Esencia Technologies, and collaborated with Wind River, an Intel Company. In 2017, LTTS inaugurated its new Center of Excellence dedicated for a leading German OEM in Munich, Germany, and established a Centre of Excellence in Jerusalem, Israel. The company won a project worth $50 million from a leading Aerospace Electronic Systems Manufacturer in 2018, and a multi-million dollar contract from Covestro in the same year. In 2019, the company acquired Bengaluru based Graphene Semiconductor Services Private Limited, and in 2020, it acquired Orchestra Technology Inc, incorporated in Texas. Finally, in 2021, Esencia Technologies Inc. was merged with LTTS LLC.

Share Price: ₹5307.00 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹54,674.52Cr as of today
Revenue: ₹2,572.90Cr as on September 2024 (Q3 24)
Net Profit: ₹320.00Cr as on September 2024 (Q3 24)
Listing date: 23 Sep, 2016
Chairperson Name: A M Naik
OrganisationL&T Technology Services Ltd
HeadquartersVadodara
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for L&T Technology Services Ltd

  • L&T Technology Services Partners for Smart City Development - 18 Nov, 2024

    L&T Technology Services has formed a strategic collaboration with the Colorado Smart Cities Alliance to drive innovation in smart city projects, focusing on transportation, infrastructure, and energy management.

  • CII Mysuru Annual HR Conclave Scheduled - 14 Nov, 2024

    The CII Mysuru Zone is organizing the Annual HR Conclave 2024 on November 15 at L&T Technology Services Ltd., focusing on new HR mandates and employee engagement.

  • L&T Technology Services Acquires Intelliswift for Growth - 12 Nov, 2024

    L&T Technology Services has announced the acquisition of California-based Intelliswift for $110 million, aiming to enhance its software product development and AI capabilities. This strategic move is expected to deepen market reach and strengthen partnerships with major technology firms.

  • L&T Technology Services Acquires Intelliswift for Growth - 11 Nov, 2024

    L&T Technology Services has signed a definitive agreement to acquire Intelliswift for $110 million, aiming to enhance its software product development and AI capabilities, while expanding its market reach in retail and fintech.

  • LTTS Targets Growth and Wins Caterpillar Award - 29 Oct, 2024

    L&T Technology Services (LTTS) aims to achieve USD 2 billion in revenue by FYXX and has received the Caterpillar Supplier Excellence Award 2024 for its contributions in mobility and sustainability.

  • L&T Technology Services Declares Dividend and Launches AI Zone - 24 Oct, 2024

    L&T Technology Services announced an interim dividend of Rs 17 per share and launched an NVIDIA-powered AI Experience Zone in Bengaluru, enhancing its service offerings in mobility and technology sectors.

  • L&T Technology Services Receives Buy Call with Target Price - 21 Oct, 2024

    Choice Equity Broking has issued a buy recommendation for L&T Technology Services with a target price of Rs 5,862. The company reported a consolidated total income of Rs 2,637.90 crore for Q2FY25, reflecting growth in revenue and net profit. LTTS is optimistic about achieving $2 billion in revenue by FY27, supported by significant deals and a strong market position.

Insights on L&T Technology Services Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 2.52K Cr → 2.63K Cr (in ₹), with an average increase of 4.3% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, LTTS stock has moved up by 4.0%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.61% to 4.32% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 313.6 Cr → 319.6 Cr (in ₹), with an average increase of 1.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Rail Vikas Nigam Ltd has given 1051.2% return, outperforming this stock by 1052.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Rail Vikas Nigam Ltd has given 151.9% return, outperforming this stock by 134.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 73.69% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 4.46% to 4.35% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 8.54% to 8.01% in Sep 2024 quarter

News

Nifty IT Stocks List With Weightage In 2024

Nifty IT stocks list with weightage has Infosys Ltd as the top constituent in July 2024. Check Nifty IT weightage and complete list here.23 Nov, 2024 04:40 PM

RBI Deputy Governor gave important tips on interest rate guidance and said transparency is important.

Reserve Bank of India (RBI) Deputy Governor Michael Patra has made an important statement on the coming into effect of the interest rate guidance. They say24 Nov, 2024 02:35 PM

LTTS and CSCA Work Together for Smart Cities

L&T Technology Services (LTTS) has formed a significant partnership with the Colorado Smart Cities Alliance (CSCA) to advance smart city innovations. The collaboration brings together cutting-edge eng24 Nov, 2024 02:51 PM
View More

L&T Technology Services Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,386.50Cr (-)₹2,421.80Cr (↑1.48%)₹2,537.50Cr (↑4.78%)₹2,461.90Cr (↓2.98%)₹2,572.90Cr (↑4.51%)
Net Income₹315.90Cr (-)₹336.80Cr (↑6.62%)₹341.40Cr (↑1.37%)₹313.90Cr (↓8.06%)₹320.00Cr (↑1.94%)
Net Profit Margin13.24% (-)13.91% (↑5.06%)13.45% (↓3.31%)12.75% (↓5.20%)12.44% (↓2.43%)
Value in ₹ crore
Details2021202220232024
Total Assets₹4,932.40Cr (-)₹5,791.60Cr (↑17.42%)₹7,892.00Cr (↑36.27%)₹8,113.50Cr (↑2.81%)
Total Liabilities₹1,592.30Cr (-)₹1,810.00Cr (↑13.67%)₹3,687.70Cr (↑103.74%)₹3,062.40Cr (↓16.96%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹664.30Cr (-)₹1,267.10Cr (↑90.74%)₹899.30Cr (↓29.03%)₹1,266.90Cr (↑40.88%)₹1,341.30Cr (↑5.87%)

Index Inclusions

S&P BSE Quality

₹1,797.46

1.98 (34.82%)

BSE Mid-Cap

₹45,029.22

1.26 (561.23%)

S&P BSE 150 MidCap

₹15,488.33

1.32 (201.63%)

S&P BSE 400 MidSmallCap

₹11,760.86

1.18 (137.44%)

BSE IT Sector

₹42,847.97

3.14 (1305.65%)

Nifty LargeMidcap 250

₹15,487.30

1.65 (250.9%)

Nifty MidSmallcap 400

₹19,196.45

1.09 (206.7%)

BSE 500

₹35,009.77

1.89 (648.36%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

NIFTY IT

₹43,332.10

3.29 (1379.3%)

Nifty Midcap 150

₹20,412.65

1.15 (231.75%)

Nifty 500

₹22,225.55

1.85 (404.7%)

BSE 200

₹10,937.66

2.01 (215.63%)

S&P BSE 250 LargeMidCap

₹10,372.42

1.99 (202.64%)

L&T Technology Services Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
73.69%
-0.01
Foreign Institutions
4.35%
-2.59
Mutual Funds
4.32%
19.68
Retail Investors
8.01%
-6.25
Others
9.64%
-0.58

L&T Technology Services Ltd Key Indicators

Details20202021202220232024
Return On Equity %31.2522.5925.0928.1827.19
Details20202021202220232024
Return On Assets %19.4513.4516.5215.3616.07
Details20202021202220232024
Book Value Per Share (₹)264.94330.77394.55420.37502.56
Details20202021202220232024
Earning Per Share (₹)78.763.4891.05115.3123.24

L&T Technology Services Ltd Valuation

L&T Technology Services Ltd in the last 5 years

  • Overview

  • Trends

Lowest (13.16x)

March 23, 2020

Industry (38.50x)

November 22, 2024

Today (42.83x)

November 22, 2024

Highest (72.07x)

November 17, 2021

LowHigh

L&T Technology Services Ltd Earnings and Dividends

  • L&T Technology Services Ltd Earnings Results

    L&T Technology Services Ltd’s net profit jumped 1.33% since last year same period to ₹319.60Cr in the Q2 2024-2025. On a quarterly growth basis, L&T Technology Services Ltd has generated 1.91% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • L&T Technology Services Ltd Dividends October,2024

    In the quarter ending September 2024, L&T Technology Services Ltd has declared dividend of ₹17 - translating a dividend yield of 1.26%.

    Read More about Dividends

L&T Technology Services Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

L&T Technology Services Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on L&T Technology Services Ltd

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L&T Technology Services Ltd (LTTS) share price today is ₹5307

L&T Technology Services Ltd is listed on NSE

L&T Technology Services Ltd is listed on BSE

  • Today’s highest price of L&T Technology Services Ltd is ₹5318.
  • Today’s lowest price of L&T Technology Services Ltd is ₹5165.7.

PE Ratio of L&T Technology Services Ltd is 42.83

PE ratio = L&T Technology Services Ltd Market price per share / L&T Technology Services Ltd Earnings per share

Today’s traded volume of L&T Technology Services Ltd(LTTS) is 96.46K.

Today’s market capitalisation of L&T Technology Services Ltd(LTTS) is ₹54674.52Cr.

L&T Technology Services Ltd(LTTSPrice
52 Week High
₹6000
52 Week Low
₹4200

L&T Technology Services Ltd(LTTS) share price is ₹5307. It is down -11.55% from its 52 Week High price of ₹6000

L&T Technology Services Ltd(LTTS) share price is ₹5307. It is up 26.36% from its 52 Week Low price of ₹4200

L&T Technology Services Ltd(LTTSReturns
1 Day Returns
141.3%
1 Month Returns
-0.18%
3 Month Returns
-2.84%
1 Year Returns
17.17%