L&T Technology Services Ltd - Stock Valuation and Financial Performance

BSE: 540115 | NSE: LTTS | IT - Software | Mid Cap

L&T Technology Serv. Share Price

5,645.30 1.50 0.03%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on L&T Technology Serv.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

&T Technology Services stock performance -

mw4me loader
P/E Ratio (CD):
46.92
Market Cap:
59,701.2 Cr.
52-wk low:
3,308.3
52-wk high:
5,885

Is L&T Technology Services Ltd an attractive stock to invest in?

1. Is L&T Technology Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that L&T Technology Services Ltd is a good quality company.

2. Is L&T Technology Services Ltd undervalued or overvalued?

The key valuation ratios of L&T Technology Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is L&T Technology Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of L&T Technology Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of L&T Technology Serv.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%23.6%29.3%27.9%23.8%30.8%29.6%20.8%23.6%24.6%-
Value Creation
Index
NA1.11.61.10.81.31.20.91.11.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 02,6193,0663,2483,7475,0785,6195,4506,5708,0149,206
Sales YoY Gr.-NA17.1%5.9%15.4%35.5%10.7%-3%20.6%22%-
Adj EPS 039.649.23941.667.373.959.282.7103.6120.3
YoY Gr.-NA24.2%-20.8%6.7%62%9.7%-19.9%39.7%25.3%-
BVPS (₹) 040.342.2143.3183.7235.1261.6327.9392.8460.4484.7
Adj Net
Profit
02973693964267007686228731,0941,272
Cash Flow from Ops. 02895283884098066381,3331,0061,305-
Debt/CF from Ops. 00.80.40.30.20.10.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA16.4%12.6%22%
Adj EPS NA20%11.9%25.3%
BVPSNA20.2%20.7%17.2%
Share Price - 27.9% 28.1% 59.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
028.334.931.124.931.729.319.922.92425.5
Op. Profit
Mgn %
015.216.917.4151819.817.821.121.320.3
Net Profit
Mgn %
011.41212.211.413.913.711.513.313.713.8
Debt to
Equity
00.20.20.1000000-
Working Cap
Days
00136141142122130142129120109
Cash Conv.
Cycle
00535360546168565070

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.50%

Sales growth is growing at healthy rate in last 3 years 12.56%

Net Profit is growing at healthy rate in last 3 years 11.93%

Sales growth is good in last 4 quarters at 12.74%

No data to display

Latest Financials - L&T Technology Services Ltd.

Standalone Consolidated
TTM EPS (₹) 115.4 120.3
TTM Sales (₹ Cr.) 8,206 9,206
BVPS (₹.) 456.3 484.7
Reserves (₹ Cr.) 4,805 5,105
P/BV 12.37 11.65
PE 48.90 46.92
From the Market
52 Week Low / High (₹) 3308.25 / 5884.95
All Time Low / High (₹) 671.00 / 5958.10
Market Cap (₹ Cr.) 59,701
Equity (₹ Cr.) 21.2
Face Value (₹) 2
Industry PE 33.5

Management X-Ray of L&T Technology Serv.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of L&T Technology Serv.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,6193,0663,2483,7475,0785,6195,4506,5708,014
Operating Expenses 2,2202,5472,6843,1844,1644,5114,4835,1886,318
Manufacturing Costs386217199284353380365594713
Material Costs000000000
Employee Cost 1,4871,9682,0962,4603,0323,2523,3553,6514,564
Other Costs 3483623894407798797639431,041
Operating Profit 3995195645639151,1089671,3821,696
Operating Profit Margin (%) 15.2%16.9%17.4%15.0%18.0%19.7%17.7%21.0%21.2%
Other Income 258579206223211194185223
Interest 3322237464444
Depreciation 48596389104183218214232
Exceptional Items 000000000
Profit Before Tax 3725435796781,0311,1008971,3091,644
Tax 61124154171263278231349470
Profit After Tax 3114194255077688226679611,174
PAT Margin (%) 11.9%13.7%13.1%13.5%15.1%14.6%12.2%14.6%14.7%
Adjusted EPS (₹)33.755.941.949.473.678.363.290.7110.9
Dividend Payout Ratio (%)62%54%17%32%29%27%35%39%41%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,0521,0661,4551,8832,4452,7333,4434,1444,857
Share Capital 1,0501,05020212121212121
Reserves 2161,4341,8622,4242,7123,4224,1234,836
Minority Interest0-1-0037101418
Debt219196102707030000
Long Term Debt000000000
Short Term Debt219196102707030000
Trade Payables169214149181188198235393451
Others Liabilities 3384944945446461,3041,3781,5261,578
Total Liabilities 1,7781,9692,1992,6783,3524,2725,0666,0776,904

Fixed Assets

Gross Block5697127629331,1041,6831,9672,1302,303
Accumulated Depreciation0911482233245096848471,009
Net Fixed Assets5696216147097801,1741,2821,2831,294
CWIP 014200912107
Investments 0561952215756421,5151,4782,284
Inventories000000000
Trade Receivables6857267119621,0641,3811,2351,6961,730
Cash Equivalents 1158367154205244233674690
Others Assets407469611631727823790937899
Total Assets 1,7781,9692,1992,6783,3524,2725,0666,0776,904

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2895283884098066381,3331,0061,305
PBT 3725595796781,0311,1008971,3091,644
Adjustment 483510178149179263199247
Changes in Working Capital -6499-134-175-94-429425-145-119
Tax Paid -67-166-158-172-281-212-252-356-467
Cash Flow From Investing Activity -667-176-178-196-509-222-1,005-448-572
Capex -53-127-45-85-89-151-76-156-173
Net Investments -616-56-139-26-337-18-84149-756
Others 166-85-84-53-89-341357
Cash Flow From Financing Activity 464-383-222-132-245-406-363-498-444
Net Proceeds from Shares 5470750000000
Net Proceeds from Borrowing 000000000
Interest Paid -3-3-2-3-2-37-46-44-44
Dividend Paid -220-302-91-82-202-219-220-363-317
Others 140-79-880-48-41-151-98-91-83
Net Cash Flow 86-32-12815210-3660290
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)102.98135.424830.3635.5131.7721.5825.3226.09
ROCE (%)29.5543.0440.8137.8545.3642.5130.0635.4437.03
Asset Turnover Ratio1.471.641.561.541.681.471.171.181.23
PAT to CFO Conversion(x)0.931.260.910.811.050.7821.051.11
Working Capital Days
Receivable Days968481817379888178
Inventory Days000000000
Payable Days000000000

L&T Technology Services Ltd Stock News

L&T Technology Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of L&T Technology Serv. on 12-Apr-2024 16:59 is ₹5,645.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of L&T Technology Serv. stood at ₹59,701.2.
The latest P/E ratio of L&T Technology Serv. as of 12-Apr-2024 16:59 is 48.90.
The latest P/B ratio of L&T Technology Serv. as of 12-Apr-2024 16:59 is 12.37.
The 52-week high of L&T Technology Serv. is ₹5,885 and the 52-week low is ₹3,308.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of L&T Technology Serv. is ₹8,206 ( Cr.) .

About L&T Technology Services Ltd

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
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