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L&T Technology Services Limited (LTTS.NS)

INR3,508.30 +215.20 (+6.53%)
IN NSE Technology Information Technology Services
Address West Block-II 390019
Vadodara, IN
CEO Amit Pal Singh Chadha
Website ltts.com
IPO 2016-09-23
ISIN INE010V01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · LTTS.BO (INR) National Stock Exchange of India · LTTS.NS (INR)
Description

L&T Technology Services Limited (LTTS) delivers engineering, research, and development (ER&D) solutions across various global markets, including North America, Europe, and India. Through its Transportation division, the company furnishes engineering expertise and comprehensive solutions to the transportation sector, collaborating with original equipment manufacturers (OEMs) and Tier 1 suppliers in areas such as automotive, commercial vehicles (trucks and off-highway), aerospace, rail, and polymer manufacturing. The Industrial Products segment supports OEM clients within the building automation, domestic and office appliance, energy, process management, and machinery industries, encompassing services from product innovation guidance and advanced software development to electronics, connectivity, mechanical design, industrial communication protocols, intuitive user interfaces (UI/UX), testing methodologies, and enterprise-level control systems. The Telecom & Hi-Tech division provides specialized services to a diverse clientele, including OEMs/ODMs, chipset manufacturers, telecommunications providers, and independent software vendors (ISVs), spanning embedded software and hardware platform engineering, ongoing product maintenance and upgrades, rigorous testing and validation, seamless system integration for communications, and practical field deployment solutions. For clients in the chemical, consumer goods, and energy & utility sectors, the Plant Engineering segment delivers comprehensive, end-to-end engineering support. LTTS's Medical Devices unit develops solutions for medical device OEMs across various specialties, including diagnostics, life sciences, surgical instruments, cardiovascular systems, home health, and general medical equipment. Originally incorporated in 2012 under the name L&T Technology and Engineering Services Company Limited, the firm adopted its current name, L&T Technology Services Limited, in July of the same year. Headquartered in Vadodara, India, it operates as a subsidiary of Larsen & Toubro Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR3,508.30 +215.20 (+6.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
118.2K
Beta
0.06
Float Shares
27.41M
Free Float %
25.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.60% -2.27% -2.31% -0.81% -21.54% -21.92% -20.67% -9.90% +28.79% +300.92% +300.92%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3,508.30
DCF (Unlevered) 10,811.25 +208.2%
DCF (Levered) 10,165.91 +189.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 28% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 5 -2
Hold 13 0
Sell 4 0
Strong Sell 4 -3
Quality scores
Altman Z-Score
7.65
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Information Technology Services: +10.1%
    +3.1% Q1'26: -4.2% (vs Q1'25)
  • ✓
    EPS growth Information Technology Services: +16.7%
    +0.9% Q1'26: +6.7% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Information Technology Services: +32.8%
    +10.6% Q1'26: +14.5% (vs Q1'25)
  • ✗
    EBIT margin Information Technology Services: +9.0%
    +14.5% ★ Q1'26: +15.2% (vs Q1'25)
  • ✓
    ROIC Information Technology Services: +9.5%
    +29.3% ★ Q1'26: +32.0% (vs Q1'25)
  • ✗
    Share dilution Information Technology Services: +0.0%
    +0.1% Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    0.30× ★ Q1'26: 0.28× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.09) × ERP
WACC = 98% × Ke + 2% × Kd (11.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 10,997.22 Current price: 3,508.30
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
25 Rev. Ana.
21 EPS Ana. 		Mar 2027
27 Rev. Ana.
24 EPS Ana. 		Mar 2028
27 Rev. Ana.
25 EPS Ana. 		Mar 2029
12 Rev. Ana.
9 EPS Ana. 		Mar 2030
6 Rev. Ana.
3 EPS Ana.
Revenue
32.48B
est: 32.66B (-0.5%)
37.47B
est: 37.42B (+0.1%)
50.78B
est: 50.78B (+0.0%)
56.19B
est: 56.36B (-0.3%)
54.50B
est: 54.62B (-0.2%)
65.70B
est: 65.71B (0.0%)
88.16B
est: 80.07B (+10.1%)
96.47B
est: 98.08B (-1.6%)
106.70B
est: 107.36B (-0.6%)
118.20B
117.15B – 120.51B
+10.1% YoY
121.26B
117.97B – 127.09B
+2.6% YoY
133.64B
121.30B – 142.39B
+10.2% YoY
147.58B
147.40B – 147.75B
+10.4% YoY
165.43B
155.28B – 174.89B
+12.1% YoY
EBITDA
6.44B
est: 7.13B (-9.7%)
7.69B
est: 7.74B (-0.7%)
11.38B
est: 12.26B (-7.2%)
13.20B
est: 13.81B (-4.4%)
11.61B
est: 13.00B (-10.7%)
15.67B
est: 14.49B (+8.1%)
19.64B
est: 16.08B (+22.1%)
21.26B
est: 20.69B (+2.8%)
21.03B
est: 20.00B (+5.1%)
24.94B
24.71B – 25.42B
+24.7% YoY
25.58B
24.89B – 26.81B
+2.6% YoY
28.19B
25.59B – 30.04B
+10.2% YoY
31.13B
31.10B – 31.17B
+10.4% YoY
34.90B
32.76B – 36.90B
+12.1% YoY
EBIT
5.81B
est: 6.11B (-4.9%)
6.80B
est: 5.89B (+15.4%)
10.33B
est: 6.73B (+53.5%)
11.37B
est: 9.01B (+26.2%)
9.43B
est: 8.92B (+5.6%)
13.53B
est: 9.95B (+36.0%)
17.30B
est: 11.04B (+56.7%)
18.55B
est: 17.80B (+4.2%)
17.97B
est: 19.38B (-7.3%)
21.45B
21.26B – 21.87B
+10.7% YoY
22.01B
21.41B – 23.07B
+2.6% YoY
24.25B
22.02B – 25.84B
+10.2% YoY
26.78B
26.75B – 26.82B
+10.4% YoY
30.03B
28.18B – 31.74B
+12.1% YoY
Net Income
4.25B
est: 4.26B (-0.2%)
5.06B
est: 4.79B (+5.7%)
7.66B
est: 7.00B (+9.4%)
8.19B
est: 8.51B (-3.8%)
6.63B
est: 7.88B (-15.8%)
9.57B
est: 8.78B (+9.0%)
12.12B
est: 9.74B (+24.4%)
13.04B
est: 13.06B (-0.2%)
12.67B
est: 12.69B (-0.2%)
12.28B
12.01B – 14.12B
-3.2% YoY
15.28B
13.36B – 15.84B
+24.4% YoY
17.52B
15.20B – 18.70B
+14.7% YoY
19.94B
18.60B – 21.92B
+13.8% YoY
22.48B
20.69B – 24.15B
+12.7% YoY
SGA
383.00M
est: 5.77B (-93.4%)
201.00M
est: 29.20B (-99.3%)
263.00M
est: 42.77B (-99.4%)
287.00M
est: 44.93B (-99.4%)
440.00M
est: 42.17B (-99.0%)
324.00M
est: 47.02B (-99.3%)
532.00M
est: 52.18B (-99.0%)
898.00M
est: 519.77M (+72.8%)
664.00M
est: 32.73B (-98.0%)
626.40M
620.83M – 638.66M
-98.1% YoY
642.64M
625.17M – 673.53M
+2.6% YoY
708.22M
642.84M – 754.59M
+10.2% YoY
782.08M
781.17M – 783.00M
+10.4% YoY
876.72M
822.93M – 926.86M
+12.1% YoY
EPS
42.08
est: 40.13 (+4.9%)
49.59
est: 48.53 (+2.2%)
74.06
est: 71.06 (+4.2%)
78.56
est: 77.98 (+0.7%)
63.32
est: 63.71 (-0.6%)
90.91
est: 90.88 (+0.0%)
114.82
est: 109.05 (+5.3%)
123.34
est: 123.54 (-0.2%)
119.70
est: 123.34 (-3.0%)
123.23
113.20 – 133.08
-0.1% YoY
142.29
125.87 – 149.21
+15.5% YoY
163.28
143.26 – 176.22
+14.8% YoY
189.32
175.24 – 206.57
+15.9% YoY
211.80
194.91 – 227.55
+11.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-26 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-25 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-22 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-21 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-20 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-19 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-18 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-15 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-14 A 4/5 5/5 5/5 5/5 3/5 2/5 2/5
2026-05-13 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-12 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-11 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-08 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-07 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-06 A 4/5 5/5 5/5 5/5 3/5 3/5 2/5
2026-05-05 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-05-04 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-30 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-29 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-28 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-27 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-24 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-04-23 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-04-22 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-21 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-20 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-17 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5
2026-04-16 B+ 3/5 5/5 4/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.34B
OE per share TTM
12.61
Owner's Yield
0.36%
Maintenance CapEx ratio
11.73%
Maint CapEx / Avg PPE
9.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 8 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree India Earnings Fund EPI 0.05% 1.01M 0.84%
2 Dimensional - Emerging Markets High Profitability ETF DEHP 0.02% 85.0K 0.44%
3 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.16M 0.06%
4 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.01% 1.40M 0.07%
5 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.01% 683.9K 0.39%
6 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.01% 20.0K 0.56%
7 Dimensional - Emerging Core Equity Market ETF DFAE 0.01% 500.5K 0.29%
8 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 420.8K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
747.4K
Shares Outstanding
106.07M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Amit Pal Singh Chadha Chief Executive Officer, MD & Whole Time Director 150M male
Alind Saxena President of Strategic Initiatives & Growth Markets and Executive Director 135M male
Atul Kapur Chief Segment Officer of Media and Technology — male
Jayashree Ramasubbu Chief Risk Officer — —
Kamalapuram Nagarajan Prabhakaran Chief of CSR — —
Mritunjay Kumar Singh Chief Operating Officer — male
Nitin Jain Global Head of Digital Products & Services — —
Prasad Shanbhag Company Secretary & Compliance Officer — male
Rajeev Trilokinath Gupta Chief Financial Officer & Executive Director — male
Samir Bagga Chief Marketing Officer — male
Sandesh Naik Head of Investor Relations — —
Shailendra J. Shrivastava Chief of Operations — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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