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L&T Technology Services Ltd.
NSE: LTTS · Information Technology
₹4,259.70+0.81%06 Nov 2026
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Instant answers about L&T Technology Services Ltd. — computed from its filings, no language modelMarket cap₹45,153 cr
Current price₹4,259.70
High / Low₹4,696 / ₹3,048
P/E29.3
P/B6.38
Book value₹668.0
ROE21.7%
ROCE26.8%
Debt / equity0.00
Dividend yield1.31%
EPS (TTM)₹145.24
Face value₹2
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,747 | 5,078 | 5,619 | 5,450 | 6,570 | 8,014 | 9,647 | 10,670 | 10,996 |
| EBITDA | 576 | 915 | 1,110 | 1,007 | 1,415 | 1,711 | 1,919 | 1,892 | 1,935 |
| Operating margin | 15.4% | 18.0% | 19.8% | 18.5% | 21.5% | 21.3% | 19.9% | 17.7% | 17.6% |
| Interest | 2 | 2 | 36 | 46 | 44 | 44 | 51 | 56 | 64 |
| Depreciation | 89 | 104 | 183 | 218 | 214 | 232 | 272 | 305 | 345 |
| Profit before tax | 678 | 1,031 | 1,100 | 897 | 1,309 | 1,644 | 1,804 | 1,741 | 1,674 |
| Tax | 171 | 263 | 278 | 231 | 349 | 470 | 498 | 477 | 444 |
| Net profit | 506 | 766 | 819 | 663 | 957 | 1,170 | 1,304 | 1,267 | 1,279 |
| EPS ₹ | 49.60 | 74.06 | 78.56 | 63.32 | 90.92 | 110.80 | 123.34 | 119.70 | 120.71 |
| Operating cash flow | — | — | — | — | 1,006 | 1,305 | 1,493 | 1,481 | 1,455 |
| Capex | — | — | — | — | 162 | 176 | 253 | 112 | 185 |
| Dividend paid | — | — | — | — | 363 | 317 | 497 | 529 | 593 |
| Total assets | 2,705 | 3,364 | 4,303 | 5,073 | 6,091 | 6,917 | 8,488 | 9,644 | 10,489 |
| Equity | 1,936 | 2,479 | 2,769 | 3,473 | 4,162 | 4,951 | 5,327 | 6,080 | 6,473 |
Quarterly performance
last 35 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,055 | 1,152 | 1,266 | 1,317 | 1,343 | 1,348 | 1,402 | 1,423 | 1,447 | 1,295 | 1,314 | 1,401 | 1,440 | 1,518 | 1,608 | 1,688 | 1,756 | 1,874 | 1,995 | 2,049 | 2,096 | 2,301 | 2,386 | 2,422 | 2,538 | 2,462 | 2,573 | 2,653 | 2,982 | 2,866 | 2,980 | 2,924 | 2,858 | 2,940 | 3,040 |
| Operating profit | 164 | 196 | 229 | 242 | 248 | 273 | 283 | 286 | 268 | 206 | 233 | 276 | 293 | 318 | 349 | 367 | 380 | 401 | 422 | 441 | 449 | 453 | 476 | 488 | 503 | 456 | 466 | 495 | 476 | 462 | 491 | 514 | 521 | 548 | 586 |
| Operating margin | 15.5% | 17.0% | 18.1% | 18.4% | 18.5% | 20.2% | 20.2% | 20.1% | 18.5% | 15.9% | 17.7% | 19.7% | 20.3% | 20.9% | 21.7% | 21.8% | 21.7% | 21.4% | 21.1% | 21.5% | 21.4% | 19.7% | 19.9% | 20.1% | 19.8% | 18.5% | 18.1% | 18.6% | 15.9% | 16.1% | 16.5% | 17.6% | 18.2% | 18.6% | 19.3% |
| Other income | 76 | 98 | 55 | 36 | 34 | 56 | 47 | 44 | 61 | 14 | 57 | 49 | 35 | 44 | 29 | 37 | 42 | 45 | 39 | 74 | 50 | 48 | 41 | 62 | 56 | 62 | 65 | 34 | 49 | 68 | 66 | 33 | 55 | 29 | 31 |
| Interest | 1 | 0 | 0 | 1 | 0 | 9 | 9 | 9 | 9 | 11 | 11 | 11 | 12 | 11 | 11 | 11 | 10 | 11 | 13 | 12 | 11 | 12 | 13 | 13 | 13 | 13 | 12 | 16 | 16 | 16 | 16 | 15 | 17 | 14 | 14 |
| Depreciation | 45 | 26 | 27 | 24 | 27 | 43 | 44 | 47 | 48 | 49 | 53 | 62 | 54 | 55 | 53 | 53 | 53 | 58 | 59 | 58 | 56 | 57 | 68 | 72 | 75 | 73 | 78 | 73 | 82 | 81 | 93 | 87 | 86 | 87 | 89 |
| Profit before tax | 194 | 268 | 256 | 253 | 254 | 277 | 277 | 274 | 272 | 160 | 226 | 251 | 261 | 296 | 314 | 340 | 359 | 377 | 389 | 446 | 432 | 431 | 436 | 466 | 471 | 433 | 441 | 440 | 427 | 432 | 448 | 410 | 436 | 476 | 514 |
| Tax | 34 | 70 | 65 | 67 | 62 | 73 | 70 | 69 | 66 | 42 | 60 | 64 | 66 | 79 | 84 | 91 | 96 | 102 | 106 | 141 | 121 | 119 | 120 | 129 | 130 | 119 | 121 | 120 | 117 | 116 | 119 | 107 | 116 | 124 | 133 |
| Net profit | 159 | 198 | 191 | 186 | 192 | 204 | 206 | 206 | 205 | 117 | 166 | 186 | 194 | 216 | 230 | 249 | 262 | 274 | 282 | 304 | 310 | 311 | 315 | 336 | 341 | 314 | 320 | 322 | 311 | 316 | 329 | 303 | 332 | 357 | 548 |
| EPS ₹ | 15.52 | 19.28 | 18.51 | 17.86 | 18.41 | 19.60 | 19.79 | 19.57 | 19.61 | 11.22 | 15.81 | 17.75 | 18.54 | 20.57 | 21.89 | 23.61 | 24.83 | 25.98 | 26.75 | 28.75 | 29.32 | 29.45 | 29.84 | 31.80 | 32.25 | 29.65 | 30.20 | 30.47 | 29.38 | 29.81 | 31.02 | 28.56 | 31.34 | 33.62 | 51.67 |
| Revenue YoY | — | — | — | — | 27.3% | 17.0% | 10.7% | 8.0% | 7.7% | -3.9% | -6.3% | -1.6% | -0.4% | 17.3% | 22.4% | 20.5% | 21.9% | 23.4% | 24.1% | 21.4% | 19.4% | 22.8% | 19.6% | 18.2% | 21.1% | 7.0% | 7.8% | 9.5% | 17.5% | 16.4% | 15.8% | 10.2% | -4.2% | 2.6% | 2.0% |
| Profit YoY | — | — | — | — | 20.6% | 3.2% | 7.7% | 10.9% | 6.9% | -42.5% | -19.6% | -9.6% | -5.0% | 84.5% | 39.0% | 33.7% | 34.7% | 26.8% | 22.8% | 22.0% | 18.2% | 13.5% | 11.7% | 10.7% | 10.1% | 0.8% | 1.3% | -4.1% | -8.7% | 0.7% | 2.8% | -6.1% | 6.8% | 13.0% | 66.8% |
Earlier results (standalone, Sep '16 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginL&T Technology Services Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|
| Revenue | 789 | 780 | 778 | 779 | 840 | 908 |
| Operating profit | 162 | 154 | 130 | 128 | 131 | 141 |
| Operating margin | 20.6% | 19.7% | 16.7% | 16.4% | 15.6% | 15.5% |
| Other income | 14 | 16 | 3 | 28 | 46 | 42 |
| Interest | 0 | 0 | 0 | — | 0 | 0 |
| Depreciation | 14 | 14 | 13 | 13 | 13 | 13 |
| Profit before tax | 162 | 156 | 119 | 143 | 163 | 170 |
| Tax | 44 | 39 | 26 | 39 | 46 | 50 |
| Net profit | 119 | 118 | 93 | 104 | 118 | 120 |
| EPS ₹ | — | 11.58 | 9.16 | 10.22 | 11.53 | 11.72 |
| Revenue YoY | — | — | — | — | 6.5% | 16.4% |
| Profit YoY | — | — | — | — | -1.0% | 1.5% |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.8% | 30.9% | 31.1% | 31.7% | 32.6% | 29.6% | 26.5% | 25.0% | 24.3% | 19.1% | 21.9% | 23.8% | 25.6% | 23.0% | 24.4% | 24.0% | 25.2% | 23.6% | 24.4% | 25.9% | 26.6% | 24.5% | 24.5% | 23.3% | 23.1% | 20.8% | 20.9% | 20.6% | 20.3% | 19.8% | 20.4% | 21.7% |
| ROCE | 48.5% | 40.5% | 41.2% | 42.4% | 43.5% | 40.6% | 36.5% | 34.7% | 34.0% | 27.1% | 31.1% | 33.6% | 36.2% | 32.5% | 34.5% | 33.9% | 36.3% | 34.1% | 35.2% | 37.4% | 37.9% | 34.8% | 34.9% | 33.1% | 32.7% | 29.6% | 29.6% | 29.3% | 28.8% | 27.7% | 28.3% | 26.8% |
| Net margin | 15.3% | 15.1% | 14.6% | 14.5% | 14.6% | 14.6% | 13.2% | 12.7% | 12.3% | 12.2% | 13.4% | 13.9% | 14.2% | 14.6% | 14.7% | 14.6% | 14.6% | 14.6% | 14.3% | 14.0% | 13.8% | 13.5% | 13.3% | 13.1% | 12.7% | 11.9% | 11.5% | 11.1% | 10.7% | 11.0% | 11.3% | 13.1% |
| EBITDA margin | 17.3% | 18.0% | 18.8% | 19.3% | 19.8% | 19.8% | 18.8% | 18.1% | 18.0% | 18.5% | 19.7% | 20.7% | 21.2% | 21.5% | 21.6% | 21.5% | 21.4% | 21.4% | 20.9% | 20.6% | 20.3% | 19.9% | 19.6% | 19.1% | 18.8% | 17.7% | 17.1% | 16.8% | 16.5% | 17.1% | 17.7% | 18.4% |
| Debt / equity | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest coverage | 442.32 | 543.84 | 99.19 | 55.97 | 40.22 | 31.14 | 26.79 | 24.35 | 22.41 | 20.72 | 23.66 | 25.39 | 27.51 | 30.96 | 32.83 | 33.21 | 35.22 | 36.73 | 36.96 | 38.36 | 37.53 | 36.44 | 35.72 | 36.28 | 34.23 | 31.86 | 30.11 | 28.44 | 28.23 | 27.90 | 29.51 | 31.50 |
| Asset turnover | 1.77 | 1.51 | 1.57 | 1.61 | 1.64 | 1.31 | 1.29 | 1.27 | 1.27 | 1.07 | 1.12 | 1.18 | 1.23 | 1.08 | 1.14 | 1.15 | 1.21 | 1.16 | 1.22 | 1.15 | 1.19 | 1.14 | 1.16 | 1.16 | 1.18 | 1.11 | 1.15 | 1.18 | 1.21 | 1.11 | 1.12 | 1.13 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 20 | 20 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Other equity / reserves | 1,465 | 1,916 | 2,458 | 2,748 | 3,452 | 4,141 | 4,431 | 4,930 | 4,768 | 5,306 | 5,598 | 6,059 | 6,168 | 6,452 | 7,060 |
| Total equity | 1,486 | 1,936 | 2,479 | 2,769 | 3,473 | 4,162 | 4,452 | 4,951 | 4,789 | 5,327 | 5,620 | 6,080 | 6,189 | 6,473 | 7,081 |
| Borrowings | 102 | 70 | 70 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current liabilities | 746 | 764 | 863 | 1,039 | 1,098 | 1,379 | 1,417 | 1,514 | 2,401 | 2,537 | 2,406 | 2,990 | 2,867 | 2,572 | 2,643 |
| Non-current liabilities | 1 | 5 | 19 | 489 | 492 | 536 | 447 | 434 | 501 | 604 | 601 | 556 | 657 | 761 | 626 |
| Total assets | 2,233 | 2,705 | 3,364 | 4,303 | 5,073 | 6,091 | 6,332 | 6,917 | 7,711 | 8,488 | 8,647 | 9,644 | 9,732 | 10,489 | 10,371 |
| Property, plant & equipment | 119 | 125 | 144 | 210 | 206 | 232 | 669 | 654 | 752 | 988 | 969 | 878 | 928 | 859 | 369 |
| Capital work-in-progress | 2 | 0 | 0 | 9 | 12 | 10 | 6 | 6 | 121 | 13 | 6 | 28 | 8 | 12 | 5 |
| Investments | 195 | 221 | 575 | 642 | 1,515 | 1,478 | 1,795 | 2,284 | 1,320 | 1,493 | 1,729 | 1,310 | 1,385 | 1,896 | 2,735 |
| Inventories | — | — | — | — | — | — | 0 | 0 | 2 | 3 | 6 | 4 | 9 | 6 | 10 |
| Receivables | 711 | 962 | 1,064 | 1,381 | 1,235 | 1,696 | 1,656 | 1,730 | 2,728 | 2,180 | 2,309 | 2,513 | 2,646 | 2,015 | 2,105 |
| Cash & equivalents | 67 | 154 | 205 | 218 | 175 | 235 | 397 | 535 | 727 | 1,122 | 907 | 1,383 | 1,199 | 1,650 | 1,439 |
Cash flow
annual · ₹ crore · line = free cash flow| FY16‡ | FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -3 | 388 | 409 | 806 | 638 | 1,332 | 1,006 | 1,305 | 1,493 | 1,481 | 1,455 |
| Cash from investing | -1 | -178 | -196 | -509 | -222 | -1,005 | -448 | -572 | -233 | -509 | -443 |
| Cash from financing | 1 | -222 | -132 | -245 | -406 | -363 | -498 | -444 | -658 | -718 | -800 |
| Capex | — | 46 | 87 | 90 | 153 | 77 | 162 | 176 | 253 | 112 | 185 |
| Free cash flow | — | 341 | 323 | 716 | 485 | 1,255 | 844 | 1,130 | 1,240 | 1,370 | 1,270 |
| Dividends paid | — | 90 | 82 | 202 | 219 | 220 | 363 | 317 | 497 | 529 | 593 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹369 cr4%
CWIP₹5 cr0%
Investments₹2,735 cr26%
Inventories₹10 cr0%
Receivables₹2,105 cr20%
Cash & equivalents₹1,439 cr14%
Other assets₹3,708 cr36%
Peer comparison
largest in Information Technology · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Tata Consultancy Services Ltd. | 9,04,457 | 2,498.50 | 17.5 | 7.60 | 43.4% |
| Infosys Ltd. | 4,78,703 | 1,181.40 | 15.6 | 4.83 | 31.0% |
| HCL Technologies Ltd. | 3,90,960 | 1,440.00 | 21.3 | 5.14 | 24.1% |
| Wipro Ltd. | 1,96,119 | 198.00 | 14.9 | 2.48 | 16.7% |
| Tech Mahindra Ltd. | 1,62,227 | 1,831.00 | 35.2 | 5.47 | 15.5% |
| LTM Ltd. | 1,28,405 | 4,338.00 | 24.6 | 4.96 | 20.2% |
| Persistent Systems Ltd. | 95,494 | 6,053.50 | 72.3 | 11.12 | 15.4% |
| Coforge Ltd. | 91,967 | 2,076.00 | 47.7 | 4.11 | 8.6% |
| Oracle Financial Services Software Ltd. | 89,075 | 10,215.00 | 25.0 | 11.59 | 46.4% |
| MphasiS Ltd. | 48,121 | 2,520.00 | 24.0 | 4.46 | 18.5% |
| L&T Technology Services Ltd. | 45,153 | 4,259.70 | 29.3 | 6.38 | 21.7% |
StoxGud checklist: Bullish setup · 9/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+31.0%
6 months+12.9%
1 year+3.7%
3Y CAGR+0.0%
5Y CAGR-3.5%
10Y CAGR+18.6%
50-day avg₹3,576.39
200-day avg₹3,499.24
RSI (14)70
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FAQs
What is the share price of L&T Technology Services Ltd.?
L&T Technology Services Ltd. (LTTS) closed at ₹4,259.70 on NSE on 06 Nov 2026.
What is the market cap of L&T Technology Services Ltd.?
₹45,153 crore at the latest close.
What is the P/E ratio of L&T Technology Services Ltd.?
29.3, on trailing-twelve-month earnings from its filings.
How fast is L&T Technology Services Ltd. growing?
L&T Technology Services Ltd.: revenue has compounded at 11.1% a year over three years; net profit at 3.0% a year. Latest-quarter revenue is up 2.0% year on year, profit up 66.8%.
How profitable is L&T Technology Services Ltd.?
On a trailing-twelve-month basis return on equity is 21.7%, return on capital employed 26.8%, operating margin 18.4%, net margin 13.1%.
How much debt does L&T Technology Services Ltd. have?
L&T Technology Services Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹1,439 cr (balance sheet of 2026-09-30). Operating profit covers interest 31.5 times.
Financials parsed from L&T Technology Services Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
L&T Technology Services Ltd. · advanced chart