L&T Technology Services Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 21.5%)
- Efficient capital deployment (ROCE 26.7%)
- Attractively valued vs sector (P/E 29.7x vs industry 37.2x)
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,460 | ₹9.2L Cr | 16.8 | 7.48 | 51.8 | 63 | 0.1 |
| INFY Infosys Limited | ₹1,123 | ₹4.7L Cr | 14.8 | 4.6 | 31.9 | 40 | 0.09 |
| HCLTECH HCL Technologies Limited | ₹1,401 | ₹3.9L Cr | 20.3 | 5 | 23.8 | 30.4 | 0.08 |
| WIPRO Wipro Limited | ₹185 | ₹1.9L Cr | 14.3 | 2.31 | 15.5 | 17.8 | 0.28 |
| TECHM Tech Mahindra Limited | ₹1,777 | ₹1.8L Cr | 30.7 | 5.86 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,104 | ₹1.2L Cr | 21.9 | 4.71 | 23.1 | 29.6 | 0.09 |
| PERSISTENT Persistent Systems Limited | ₹5,848 | ₹91K Cr | 48.4 | 10.75 | 27.2 | 34.4 | 0.07 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
LTTS · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 73.75% | 73.74% | 73.69% | 73.69% | 73.66% | 73.66% |
| FII | 5.63% | 5.52% | 4.46% | 4.35% | 4.19% | 5.18% |
| DII | 11.33% | 12.09% | 13.07% | 13.72% | 14.30% | 13.67% |
| Public | 9.29% | 8.65% | 8.77% | 8.24% | 7.85% | 7.47% |
Corporate Events
Interim Dividend - Rs 20 Per Share
To consider and approve the financial results for the quarter and half year ending September 30, 2026, and interim dividend, if any.
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 40 Per Share
Interim Dividend - Rs 18 Per Share
Dividend - Rs 38 Per Share
Interim Dividend - Rs 17 Per Share
Dividend - Rs 33 Per Share
Interim Dividend - Rs 17 Per Share
Dividend - Rs 30 Per Share
Latest News
All newsL&T Technology Services discloses credit rating update
*L&T Technology Services discloses credit rating update* — L&T Technology Services has informed the exchange about its credit rating. The filing does not specify the rating agency or the grade. No immediate financial impact is indicated. Such disclosures are part of routine regulatory compliance. 📊 *STOCKS:* LTTS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
L&T Technology Services discloses credit rating update
*L&T Technology Services discloses credit rating update.* The company has informed the stock exchange about its latest credit rating. While the specific rating is not detailed, such updates reflect financial health. This disclosure is routine and does not indicate immediate performance changes. 📊 *STOCKS:* LTTS | 🏢 *SECTOR:* Corporate | #LOWIMPACT #CreditRating
L&T Tech partners with Nokia on engineering solutions
*L&T Tech partners with Nokia on engineering solutions*. The company announced a strategic collaboration with Nokia to advance engineering services in telecom and digital infrastructure. The partnership aims to accelerate innovation and product development for global markets. Financial terms were not disclosed. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
L&T Tech launches AI-powered EI Lab with NVIDIA
*L&T Tech launches AI-powered EI Lab with NVIDIA* to boost smart manufacturing and operations. The lab leverages **NVIDIA's accelerated AI** for digital transformation in industrial sectors. Expected to enhance product development and operational efficiency. Could drive future revenue from AI-driven solutions. 📊 *STOCKS:* $LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
LTM expands Google Cloud collaboration to scale Gemini adoption
*LTM expands Google Cloud collaboration to scale Gemini adoption.* The company announced an expanded partnership with Google Cloud to accelerate enterprise adoption of Gemini at scale. This strategic move aims to enhance AI-driven solutions for global clients. The collaboration could drive future revenue growth and strengthen LTTS's position in AI services. 📊 *STOCKS:* $LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #GoogleCloud
L&T Tech launches AgenticIQ AI platform for engineering and manufacturing
*L&T Tech launches AgenticIQ AI platform for engineering and manufacturing* — L&T Technology Services has unveiled AgenticIQ, an end-to-end Agentic AI platform targeting engineering, manufacturing, and customer experience. The platform aims to enhance automation and decision-making for global enterprises. This strategic move positions **LTTS** at the forefront of AI-driven engineering solutions, potentially boosting future order wins. 📊 *STOCKS:* $LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
L&T Tech informs NSE of unaudited Q1 FY26 results publication
*L&T Tech informs NSE of unaudited Q1 FY26 results publication*. L&T Technology Services has notified the exchange about the publication of its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The results are yet to be audited but provide early insight into company performance. Traders may anticipate market movement on **Q1 revenue and profit figures**. 📊 *STOCKS:* LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #earnings
LTM wins major AI-powered workplace transformation project with L&T and Microsoft.
*LTM wins major AI-powered workplace transformation project with L&T and Microsoft.* The project will leverage Microsoft 365 Copilot for large-scale digital workplace upgrades. This positions LTTS as a key AI implementation partner for enterprise clients. **₹500 crore** potential value over 3 years. 📊 *STOCKS:* LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
LTM launches AI platform BlueVerseTM on Databricks.
*LTM launches AI platform BlueVerseTM on Databricks.* The solution aims to accelerate AI monetization for clients by leveraging Databricks' data platform. This strategic move enhances LTTS’s AI offerings in the global digital transformation space. **No financial figures disclosed**. 📊 *STOCKS:* LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #AI
L&T Tech partners with Databricks for Industrial AI solutions
*L&T Tech partners with Databricks for Industrial AI solutions*. LTTS has announced a strategic partnership with Databricks to deliver Industrial AI at scale for asset-intensive industries. The collaboration aims to accelerate digital transformation using AI and data analytics. This move strengthens LTTS’s capabilities in next-gen industrial technologies. 📊 *STOCKS:* LTTS | 🏢 *SECTOR:* IT | #MEDIUMIMPACT #Partnership
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.9K Cr 2.5% | ₹2.8K Cr 2.7% | ₹2.7K Cr 2.8% | ₹2.6K Cr 0.0% | ₹2.6K Cr 0.6% | ₹2.7K Cr 3.1% | ₹2.6K Cr 4.5% | ₹2.5K Cr |
| Op. Profit | ₹521 Cr 4.6% | ₹498 Cr 5.1% | ₹474 Cr 7.5% | ₹441 Cr 1.8% | ₹433 Cr 12.5% | ₹495 Cr 6.2% | ₹466 Cr 2.2% | ₹456 Cr |
| OPM | 18.0% 0.0% | 18.0% 5.9% | 17.0% 0.0% | 17.0% 6.3% | 16.0% 15.8% | 19.0% 5.6% | 18.0% 5.3% | 19.0% |
| Net Profit | ₹333 Cr 9.9% | ₹303 Cr 7.9% | ₹329 Cr 4.1% | ₹316 Cr 1.9% | ₹310 Cr 3.1% | ₹320 Cr 0.0% | ₹320 Cr 1.9% | ₹314 Cr |
| EPS (₹) | 31.33 9.7% | 28.55 7.9% | 31.01 4.1% | 29.79 1.4% | 29.38 3.5% | 30.45 0.8% | 30.2 1.9% | 29.63 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11.0K Cr 14.0% | ₹9.6K Cr 0.1% | ₹9.6K Cr 20.4% | ₹8.0K Cr 22.0% | ₹6.6K Cr 20.6% | ₹5.5K Cr 3.0% | ₹5.6K Cr 10.7% | ₹5.1K Cr 35.5% | ₹3.7K Cr 15.4% | ₹3.2K Cr |
| Expenses | ₹9.1K Cr 15.4% | ₹7.9K Cr 1.6% | ₹7.7K Cr 22.6% | ₹6.3K Cr 22.3% | ₹5.2K Cr 16.1% | ₹4.4K Cr 1.5% | ₹4.5K Cr 8.3% | ₹4.2K Cr 31.3% | ₹3.2K Cr 19.1% | ₹2.7K Cr |
| Op. Profit | ₹1.9K Cr 8.1% | ₹1.8K Cr 6.7% | ₹1.9K Cr 12.2% | ₹1.7K Cr 20.9% | ₹1.4K Cr 40.5% | ₹1.0K Cr 9.3% | ₹1.1K Cr 21.3% | ₹915 Cr 58.9% | ₹576 Cr 1.7% | ₹586 Cr |
| OPM | 18.0% 5.3% | 19.0% 5.0% | 20.0% 4.8% | 21.0% 4.5% | 22.0% 22.2% | 18.0% 10.0% | 20.0% 11.1% | 18.0% 20.0% | 15.0% 16.7% | 18.0% |
| Other Income | ₹200 Cr 29.3% | ₹283 Cr 36.7% | ₹207 Cr 0.5% | ₹208 Cr 36.8% | ₹152 Cr 1.3% | ₹154 Cr 26.3% | ₹209 Cr 6.3% | ₹223 Cr 15.5% | ₹193 Cr 232.8% | ₹58 Cr |
| Interest | ₹64 Cr 14.3% | ₹56 Cr 9.8% | ₹51 Cr 15.9% | ₹44 Cr 0.0% | ₹44 Cr 4.3% | ₹46 Cr 27.8% | ₹36 Cr 1700.0% | ₹2 Cr 0.0% | ₹2 Cr 0.0% | ₹2 Cr |
| Depreciation | ₹345 Cr 13.9% | ₹303 Cr 11.4% | ₹272 Cr 17.2% | ₹232 Cr 8.4% | ₹214 Cr 1.8% | ₹218 Cr 19.1% | ₹183 Cr 76.0% | ₹104 Cr 16.9% | ₹89 Cr 43.5% | ₹62 Cr |
| PBT | ₹1.7K Cr 0.8% | ₹1.7K Cr 5.0% | ₹1.8K Cr 9.7% | ₹1.6K Cr 25.6% | ₹1.3K Cr 45.9% | ₹897 Cr 18.5% | ₹1.1K Cr 6.7% | ₹1.0K Cr 52.1% | ₹678 Cr 17.1% | ₹579 Cr |
| Tax % | 26.0% 0.0% | 26.0% 7.1% | 28.0% 3.4% | 29.0% 7.4% | 27.0% 3.8% | 26.0% 4.0% | 25.0% 3.8% | 26.0% 4.0% | 25.0% 7.4% | 27.0% |
| Net Profit | ₹1.3K Cr 1.3% | ₹1.3K Cr 3.2% | ₹1.3K Cr 11.2% | ₹1.2K Cr 22.2% | ₹961 Cr 44.3% | ₹666 Cr 19.0% | ₹822 Cr 7.0% | ₹768 Cr 51.5% | ₹507 Cr 19.3% | ₹425 Cr |
| EPS (₹) | 120.68 0.9% | 119.64 3.0% | 123.28 11.3% | 110.77 22.2% | 90.68 43.6% | 63.14 19.4% | 78.33 6.4% | 73.61 49.0% | 49.39 18.2% | 41.78 |
| Div Payout | 48.0% 4.3% | 46.0% 12.2% | 41.0% 0.0% | 41.0% 5.1% | 39.0% 11.4% | 35.0% 29.6% | 27.0% 6.9% | 29.0% 9.4% | 32.0% 10.3% | 29.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹21 Cr 0.0% | ₹21 Cr 0.0% | ₹21 Cr 0.0% | ₹21 Cr 0.0% | ₹21 Cr 0.0% | ₹21 Cr 0.0% | ₹21 Cr 0.0% | ₹21 Cr 5.0% | ₹20 Cr 0.0% | ₹20 Cr |
| Reserves | ₹6.5K Cr 6.5% | ₹6.1K Cr 14.2% | ₹5.3K Cr 7.6% | ₹4.9K Cr 19.1% | ₹4.1K Cr 20.0% | ₹3.5K Cr 25.6% | ₹2.7K Cr 11.8% | ₹2.5K Cr 28.3% | ₹1.9K Cr 30.8% | ₹1.5K Cr |
| Borrowings | ₹578 Cr 0.0% | ₹578 Cr 12.3% | ₹659 Cr 45.2% | ₹454 Cr 4.8% | ₹477 Cr 0.6% | ₹480 Cr 1500.0% | ₹30 Cr 57.1% | ₹70 Cr 0.0% | ₹70 Cr 31.4% | ₹102 Cr |
| Other Liabilities | ₹3.4K Cr 15.8% | ₹3.0K Cr 18.9% | ₹2.5K Cr 66.7% | ₹1.5K Cr 4.2% | ₹1.4K Cr 29.2% | ₹1.1K Cr 26.0% | ₹1.5K Cr 87.5% | ₹802 Cr 15.2% | ₹696 Cr 8.1% | ₹644 Cr |
| Total Liabilities | ₹10.5K Cr 9.0% | ₹9.6K Cr 13.5% | ₹8.5K Cr 22.9% | ₹6.9K Cr 13.6% | ₹6.1K Cr 20.0% | ₹5.1K Cr 17.7% | ₹4.3K Cr 28.4% | ₹3.4K Cr 24.1% | ₹2.7K Cr 21.1% | ₹2.2K Cr |
Assets | ||||||||||
| Fixed Assets | ₹2.3K Cr 0.2% | ₹2.2K Cr 39.2% | ₹1.6K Cr 24.7% | ₹1.3K Cr 0.9% | ₹1.3K Cr 0.1% | ₹1.3K Cr 9.2% | ₹1.2K Cr 50.5% | ₹780 Cr 10.0% | ₹709 Cr 15.5% | ₹614 Cr |
| CWIP | ₹12 Cr 57.1% | ₹28 Cr 115.4% | ₹13 Cr 116.7% | ₹6 Cr 40.0% | ₹10 Cr 16.7% | ₹12 Cr 33.3% | ₹9 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹2 Cr |
| Investments | ₹1.9K Cr 44.7% | ₹1.3K Cr 12.3% | ₹1.5K Cr 34.6% | ₹2.3K Cr 54.5% | ₹1.5K Cr 2.4% | ₹1.5K Cr 136.0% | ₹642 Cr 11.7% | ₹575 Cr 160.2% | ₹221 Cr 13.3% | ₹195 Cr |
| Other Assets | ₹6.3K Cr 4.7% | ₹6.0K Cr 12.7% | ₹5.4K Cr 61.6% | ₹3.3K Cr 0.4% | ₹3.3K Cr 46.5% | ₹2.3K Cr 9.0% | ₹2.5K Cr 24.1% | ₹2.0K Cr 12.7% | ₹1.8K Cr 24.7% | ₹1.4K Cr |
| Total Assets | ₹10.5K Cr 9.0% | ₹9.6K Cr 13.5% | ₹8.5K Cr 22.9% | ₹6.9K Cr 13.6% | ₹6.1K Cr 20.0% | ₹5.1K Cr 17.7% | ₹4.3K Cr 28.4% | ₹3.4K Cr 24.1% | ₹2.7K Cr 21.1% | ₹2.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.5K Cr 1.8% | ₹1.5K Cr 0.8% | ₹1.5K Cr 14.4% | ₹1.3K Cr 29.7% | ₹1.0K Cr 24.5% | ₹1.3K Cr 108.8% | ₹638 Cr 20.8% | ₹806 Cr 97.1% | ₹409 Cr 5.4% | ₹388 Cr |
| Investing CF | ₹-443 Cr 13.0% | ₹-509 Cr 118.5% | ₹-233 Cr 59.3% | ₹-572 Cr 27.7% | ₹-448 Cr 55.4% | ₹-1.0K Cr 352.7% | ₹-222 Cr 56.4% | ₹-509 Cr 159.7% | ₹-196 Cr 10.1% | ₹-178 Cr |
| Financing CF | ₹-800 Cr 11.4% | ₹-718 Cr 9.1% | ₹-658 Cr 48.2% | ₹-444 Cr 10.8% | ₹-498 Cr 37.2% | ₹-363 Cr 10.6% | ₹-406 Cr 65.7% | ₹-245 Cr 85.6% | ₹-132 Cr 40.5% | ₹-222 Cr |
| Net Cash Flow | ₹213 Cr 16.1% | ₹254 Cr 57.8% | ₹602 Cr 107.6% | ₹290 Cr 383.3% | ₹60 Cr 266.7% | ₹-36 Cr 460.0% | ₹10 Cr 80.8% | ₹52 Cr 35.8% | ₹81 Cr 775.0% | ₹-12 Cr |
| Free Cash Flow | ₹1.3K Cr 7.2% | ₹1.4K Cr 10.2% | ₹1.3K Cr 10.5% | ₹1.1K Cr 33.0% | ₹851 Cr 32.3% | ₹1.3K Cr 158.1% | ₹487 Cr 32.2% | ₹718 Cr 121.6% | ₹324 Cr 5.5% | ₹343 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67d 29.5% | 95d 15.9% | 82d 3.8% | 79d 16.0% | 94d 13.3% | 83d 7.8% | 90d 18.4% | 76d 19.1% | 94d 17.5% | 80d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 67d 29.5% | 95d 15.9% | 82d 3.8% | 79d 16.0% | 94d 13.3% | 83d 7.8% | 90d 18.4% | 76d 19.1% | 94d 17.5% | 80d |
| Working Capital Days | 35d 2.8% | 36d 5.3% | 38d 0.0% | 38d 22.4% | 49d 11.4% | 44d 33.3% | 66d 26.9% | 52d 25.7% | 70d 45.8% | 48d |
| ROCE | 27.0% 0.0% | 27.0% 15.6% | 32.0% 3.0% | 33.0% 6.5% | 31.0% 14.8% | 27.0% 37.2% | 43.0% 4.4% | 45.0% 18.4% | 38.0% 7.3% | 41.0% |
Source: Screener.in · Lower days = better efficiency