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L&T Technology Services Ltd Stock Analysis

Large Cap
Evaluated by 1816 users | BSE: 540115 | NSE: LTTS |
Engineering

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...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
L&T Technology Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 0-6.38%4.14%34.81%32.14%30.81%23.37%28.59%29.84%22.08%-
Value Creation Index NA-1.50-0.681.731.521.410.831.241.340.73-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 001262,5612,8943,1133,5074,7125,1814,9645,151
Y-o-Y Gr. Rt.-NANA1929.5%13%7.6%12.7%34.4%10%-4.2%-
Adjusted EPS (Rs.) 0-2.43.5240.2251.5841.3539.856171.1360.3173.09
Y-o-Y Gr. Rt.-NANA1042.6%28.2%-19.8%-3.6%53.1%16.6%-15.2%-
Book Value per Share (Rs.) 037.633.0540.945.25147.83186.49230.91247.34315.29334.97
Adjusted Net Profit 009302387421408634740630768
Net Op. Cash Flow (Rs. Cr.) 00-13.72895254023407406641,267-
Debt to Cash Flow from Ops 00-3.560.540.21000.060.040-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
L&T Technology Services Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NA11.4%12.3%-4.2%
Adjusted EPS NA3.2%14.8%-15.2%
Book Value per Share 047.419.127.5
Share Price - - 37% 137.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 0-6.383.7139.1436.0532.0923.3528.8329.2721.1522.48
Operating Profit Margin (%) 0015.5115.7918.4318.7315.3518.3419.918.920.2
Net Profit Margin (%) 007.1411.7813.3713.5111.6413.4614.2812.714.91
Debt to Equity 000.10.150.1000.020.010-
Working Capital Days 0029388139144148126134146-
Cash Conversion Cycle 0011037545566586471-
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 74.23%
Institutions 15.60%
Non-Institutions 10.17%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of L&T Technology Services Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that L&T Technology Services Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company.

Data is not available for this company

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.

Read More

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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