L&T Technology Services Ltd.

NSE: LTTS · IT Enabled Services

52W Range₹3,010 ₹4,726

Snapshot

Unlock L&T Technology Services Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

L&T Technology Services Limited is a global engineering, research, and development (ER&D) services company. It provides specialised design, development, and testing solutions across sectors including transportation, industrial products, telecom, plant engineering, and medical devices.

Business Model

The company generates revenue by providing end-to-end engineering services, embedded software design, and product development support to global OEMs and technology firms. It operates through a project-based and managed services model, leveraging deep domain expertise in mechanical, electronics, and software engineering.

Growth Outlook

Growth is driven by increasing demand for digital engineering, connectivity, and automation across its core verticals. The company continues to focus on expanding its footprint in high-growth areas like medical devices and sustainable energy solutions.

Key Risks

  • Client Concentration. A significant portion of revenue is derived from a limited number of large global clients, making the company vulnerable to changes in their capital expenditure budgets.
  • Geopolitical Instability. As a global player with significant operations in North America and Europe, the company is exposed to macroeconomic volatility and trade policy shifts in these regions.
  • Talent Attrition. The highly specialised nature of ER&D services makes the company dependent on retaining skilled engineering talent in a competitive global labour market.
  • Technological Obsolescence. Rapid advancements in AI and automation require continuous investment in R&D to ensure service offerings remain relevant to evolving industry standards.

Price

Start your research today

Unlock AI insights, financials, peers and live data on L&T Technology Services Ltd. and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹11,627 Cr

TTM · consolidated

+9.0%YoY

NET PROFIT

₹1,281 Cr

TTM · consolidated

+1.4%YoY

EPS

₹119.53

TTM · consolidated

-0.1%YoY

RETURN ON EQUITY

20.7%

TTM · consolidated

-2.2 ppYoY

RETURN ON CAPITAL EMPLOYED

25.7%

TTM · consolidated

-3.6 ppYoY

P/E

29.1x

Q4 FY26 · consolidated

29.1 vs 33.3x5Y avg

EV/EBITDA

16.0x

Q4 FY26 · consolidated

16.0 vs 20.1x5Y avg

EBITDA MARGIN

19.0%

TTM · consolidated

-0.7 ppYoY

NET PROFIT MARGIN

11.6%

Q4 FY26 · consolidated

+1.2 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.00xYoY

Peers · IT Enabled Services

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
L&T Technology Services Ltd.LTTS
33,43029.1215.959.0%19.0%20.7%25.7%-19.9%
Inventurus Knowledge Solutions Ltd.IKS
23,06743.1828.4234.7%35.3%36.2%+15.3%
Tata Technologies Ltd.TATATECH
21,66556.8830.246.5%18.7%14.9%18.1%+4.2%
Affle 3i Ltd.AFFLE
18,33547.5129.7319.5%25.4%14.6%17.8%-21.1%
Netweb Technologies India Ltd.NETWEB
18,209118.5780.4090.0%13.9%35.6%49.1%+120.0%
Sagility Ltd.SAGILITY
17,55920.8110.7825.8%10.7%13.2%-9.5%

As of Q4 FY26

Financials