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As of 6 Nov 2026, L&T Technology Services trades at 33.4× trailing earnings, above the industry P/E of 17.7×. Sales and net profit grew 7.6% and 1.8% a year over 3 years, with ROCE of 24% and ROE of 20%. It carries very little debt, and its dividend yield is 1.4%. It is a mid-cap company with a market cap of ₹45,190 Cr, ranked 10th of 126 Information Technology Services companies by market cap; the shares rose 3.3% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹4,225.60
Day high
₹4,300.00
Day low
₹4,192.20
Prev. close
₹4,225.60
Volume
1.6 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    +3.3% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 33.4 vs industry 17.7.

  • GrowthSteady

    Sales +7.6%, profit +1.8% a year over 3 years.

  • ProfitabilityAverage

    ROCE 24.0% vs peer median 27.2%.

  • Balance sheetSolid

    Debt 0.08× equity, interest covered 27.1×, Piotroski 6 of 9.

  • Red flags1 to check

    P/E of 33.4 against an industry P/E of 17.7.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Information Technology Services

125 listed peers. Screen the industry

Mid cap

₹45,190 Cr, #10 of 126 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹11,625 Cr · profit ₹1,343 Cr
Market cap
₹45,190 Cr
Mid cap
P/E
33.4
Industry 17.7
Price to book
6.38
Peers 5.20
Dividend yield
1.41%
ROE
20.2%
Peers 22.9%
ROCE
24.0%
Peers 27.2%
Debt to equity
0.08
Debt ₹558 Cr
EPS (TTM)
₹127.49
Face value ₹2
OPM (TTM)
18.4%
Net margin 13.2%
Sales growth
+12.1%
Latest quarter vs a year ago
Profit growth
+66.6%
Latest quarter vs a year ago
Price to sales
3.89
EV/EBITDA 21.3

Strengths and risks

Strengths

  • Return on equity of 20.2%.
  • Return on capital employed of 24.0%.
  • Practically debt-free.
  • Quarterly profit up 66.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 33.4 against an industry P/E of 17.7.

Derived automatically from reported figures. Not a recommendation.

About L&T Technology Services

L&T Technology Services Limited operates as an engineering research and development services company in India, North America, Europe, and other international markets. The company operates through three segments: Mobility, Sustainability, and Tech. It provides digital engineering and consulting services such as artificial intelligence, cybersecurity, industry 4.0 consulting, product consulting, sustainability engineering, 5G, and smart solutions. It…

Headquarters
Vadodara
Employees
21,039
Sector
Technology
ISIN
INE010V01017
Website
ltts.com

Price range

52 weeks

₹3,010.00₹4,726.00

Today

₹4,192.20₹4,300.00
Avg volume (3M)
2.7 L
1-year return
plus 3.3%
From 52-week high
minus 9.9%

Analyst consensus

31 analysts
HoldMean target ₹3,763.58 minus 11.6%

The mean target is below today’s price.

Target range, with today’s price

Low ₹2,950.00High ₹4,350.00

Next results expected around 14 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Information Technology Services

Compare with peersScreen the whole industry
Company
TCSTata Consultancy Services2,498.50plus 0.11%9,03,97917.57.6054.9%45.6%26.5%5.8%5.3%1.92%minus 16.5%
INFYInfosys1,181.40plus 1.20%4,78,51115.74.9139.0%30.0%23.1%6.7%6.9%4.40%minus 20.5%
HCLTECHHCL Technologies1,440.00plus 0.66%3,89,75421.35.2027.2%24.6%20.8%8.7%3.9%3.33%minus 6.4%
WIPROWipro198.00minus 0.20%1,95,89815.62.4617.8%15.9%19.2%0.8%5.2%4.04%minus 16.6%
TECHMTech Mahindra1,831.00plus 0.46%1,79,47629.45.4719.8%19.2%17.2%2.2%−0.1%2.79%plus 29.3%
LTMLTM4,338.00minus 1.25%1,28,62024.64.9725.4%21.0%17.9%8.4%4.4%1.80%minus 21.8%
PERSISTENTPersistent Systems6,053.50minus 0.92%99,85953.011.1229.4%22.9%16.9%20.9%26.5%0.59%plus 4.3%
LTTSL&T Technology Services4,259.70plus 0.81%45,19033.46.3824.0%20.2%18.4%7.6%1.8%1.41%plus 3.3%
Median of 7 peers–0.11%1,95,89821.35.2027.2%22.9%19.2%6.7%5.2%2.79%−16.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
–2,7132,9242,8582,9403,040
–2,2392,4102,3372,3922,455
–474514521548586
–17.5%17.6%18.2%18.6%19.3%
–65.733.355.329.130.9
–15.714.91714.413.9
–9286.786.58789.3
––−35.4−37––
–432410436476514
–26.5%26.1%26.6%26.0%26.0%
316–303332357548
29.77–28.5231.2933.5951.61

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+7.6%
Profit CAGR 3Y
+1.8%
EPS CAGR 3Y
+1.7%
ROE
20.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8,8169,6479,64210,996
–+9.4%minus 0.1%+14.0%
7,0357,6797,8299,058
1,7801,9691,8131,938
20.2%20.4%18.8%17.6%
166139142375
44.450.956.564.1
234272305348
1818.646.7−227
1,6861,8041,6391,675
27.9%27.6%27.4%26.5%
1,2121,3041,2671,279
–+7.6%minus 2.8%+1.0%
114.48123.00119.44120.53

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
21.121.221.221.2
4,4145,3066,0596,452
454659578579
3,3092,5032,9863,438
8,1988,4899,64410,489
6691,001906870
6.513.12811.7
175199349468
2,7982,6842,5253,089
4,5484,5925,8356,050
8,1988,4899,64410,489

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,3131,4931,4811,455
−578−233−509−443
−445−658−718−800
290602254213
−182−253−112−185
1,1321,2401,3701,270
−317−497−529−593

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 13.4% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you