LTTSInformation Technology

L&T Technology Services Limited

IT Enabled Services · ISIN INE010V01017 · BSE 540115 · NSE EQ · FV ₹2
Last price
₹3,324
-0.81%today
What this company does

L&T Technology Services Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹2,940 cr of revenue in its latest quarter (Q1 FY27) and kept 12.1% of sales as profit. It is the largest of 9 IT Enabled Services companies we track, by market value.

70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 42–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet85

How much it owes, and whether earnings cover the interest

Cash quality79

Whether reported profit actually arrives as cash

Growth & consistency50

Whether sales and profit have grown, and how steadily

Valuation29

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 13% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 22% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in LTTS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 11% a year, it would become
₹21.24 lakh

The slider starts at 11%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,324 -0.81%
latest close · 2026-09-17
1-year return
-13.8%
52-wk low ₹3,00652-wk high ₹5,956
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.1Average
LowAverageHigh
P/B ratio5.44High
Below bookModerateHigh
EV / EBITDA14.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity22.0%Strong
WeakFairStrong ▸15%
Return on capital24.8%Strong
WeakFairStrong
Net margin12.1%Decent
ThinDecentStrong
EBITDA margin19.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover34.1×Strong
RiskyOkayStrong ▸5×
Current ratio2.48Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹35,238 cr
Book value
₹611
EPS
₹33.17
latest quarter
Net debt
₹-1,650 cr
more cash than debt
Enterprise value
₹33,588 cr
EBITDA
₹2,310 cr
annualised
EBIT
₹1,962 cr
annualised
Operating margin
16.7%
Return on assets
13.6%
Earnings yield
3.99%
P/S
3.00
Sales / share
₹1,109.5
Tax rate
26.0%
Face value
₹2
Shares
10.6 cr
Working capital
₹3,808 cr
Current assets
₹6,379 cr
Current liabilities
₹2,572 cr
Delivery %
45.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹1,889 vs market price ₹3,324 — price is 76% above it
Safety cushion-76.0%(target ≥ +20%)
Models span ₹1,350₹2,428, midpoint ₹1,889
Model ₹1,889
Price ₹3,324
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,940 cr
Other Income₹29 cr
Total Income₹2,969 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹1,713 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹87 cr
Other Expenses₹679 cr
Total Expenses₹2,493 cr
Profit before Tax₹476 cr
Tax Expense₹124 cr
Net Profit₹357 cr
Net margin on total income12.0%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹1,713 cr57.6%
Finance costs₹14 cr0.5%
Depreciation & amortisation₹87 cr2.9%
Other expenses₹679 cr22.8%
Tax expense₹124 cr4.2%
Profit for the period₹357 cr12.0%
Total income ₹2,969 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,924 cr2,858 cr2,940 cr
Total income2,957 cr2,913 cr2,969 cr
Expenses2,511 cr2,440 cr2,493 cr
Profit before tax410 cr436 cr476 cr
Tax107 cr116 cr124 cr
Net profit (owners' share)303 cr332 cr357 cr
Net margin (owners' share, on revenue)10.4%11.6%12.1%
EPS (₹)28.5630.1433.17
YoY (latest quarter): total income +1.2% · net profit +13.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹10,489 cr
Shareholder equity
₹6,473 cr
parent shareholders
Total debt
₹0 cr
Cash
₹1,650 cr
Cash flow · H1 FY26
Operating
₹481 cr
Investing
₹-203 cr
Financing
₹-502 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limitedthis company₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.74%
trailing 12 months
Dividend / share (TTM)
₹58
Last dividend
₹40
ex 22 May 2026
ActionDetailEx-date
Dividend₹40 / share22 May 2026
Dividend₹18 / share27 Oct 2025
Dividend₹38 / share6 Jun 2025
Dividend₹17 / share25 Oct 2024
Dividend₹33 / share14 Jun 2024
Dividend₹17 / share27 Oct 2023
Who owns it · 2026-06-30
No pledge
Promoter
73.5%
FII / Foreign
4.1%
DII / Domestic
14.1%
Retail / others
8.3%
Promoter stake down 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBHANU P GOPALAM · Employees/Designated Employees451 · ₹23.3 L18 Dec 24
SoldHRISHIKESH RAO · Employees/Designated Employees4,000 · ₹2.2 cr27 Nov 24
SoldMURALIDHARA H L · Employees/Designated Employees300 · ₹16.2 L25 Nov 24
Bulk / block deals
short · NSE33 Sep 26
short · NSE1324 Jul 26
short · NSE1016 Jul 26
Stake changes
BoughtLife Insurance Corporation of India→ 5.00% · 21,36721 Apr 23
SoldLarsen & Toubro Limited · promoter→ 75.39% · 36.31 L4 Jun 19
SoldLarsen & Toubro Limited · promoter→ 81.58% · 56.38 L3 Aug 18
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 3 Sep 2026
See the official result
1
Re-appointment of Mr. Luis Miranda (DIN:01055493), as an Independent Director of the Company.
Backed by 90% of shareholders other than promotersneeded 75%
1.49 cr votes for, 16.08 L against · 10% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 112 named members
owning 73.5% between them · as of 2026-06-30
LARSEN AND TOUBRO LIMITED73.52%
BANGALORE GALAXY TECHPARK PRIVATE LIMITEDno shares
BHILAI POWER SUPPLY COMPANY LIMITEDno shares
BUSINESS PARK (POWAI) PRIVATE LIMITEDno shares
CHENNAI NOVA TECHPARK PRIVATE LIMITEDno shares
CHENNAI VISION DEVELOPERS PRIVATE LIMITEDno shares
Corporate PARK (POWAI) PRIVATE LIMITEDno shares
E2E Networks Limitedno shares
Business done with them
FY2026 · 7 of the group
The company paid ₹603 cr to companies in the promoter group last year — about 5.5% of its ₹10,996 cr revenue and received ₹216 cr back from them.
LARSEN AND TOUBRO LIMITED
Other payments to them · Revenue from services, Rent paid, Services availed by the company, Trademark fees, Interim dividend paid - Equity, Services rendered by the company, Purchase of services, Business Acquisition, Guarantee Charges, Capital Commitment
also owns 73.52% of the company
₹537 cr
company paid
LARSEN AND TOUBRO LIMITED
Provided services to them · Revenue from services, Rent paid, Services availed by the company, Trademark fees, Interim dividend paid - Equity, Services rendered by the company, Purchase of services, Business Acquisition, Guarantee Charges, Capital Commitment
also owns 73.52% of the company
₹188 cr
company received
L&T REALTY DEVELOPERS LIMITED
Other payments to them · Services availed by the Company, Rent paid
₹50 cr
company paid
L&T SEMICONDUCTOR TECHNOLOGIES LIMITED
Provided services to them · Services rendered by the Company, Revenue from services
₹26 cr
company received
L&T REALTY DEVELOPERS LIMITED
Paid them for services · Services availed by the Company, Rent paid
₹10 cr
company paid
LARSEN AND TOUBRO LIMITED
Paid them for services · Revenue from services, Rent paid, Services availed by the company, Trademark fees, Interim dividend paid - Equity, Services rendered by the company, Purchase of services, Business Acquisition, Guarantee Charges, Capital Commitment
also owns 73.52% of the company
₹6 cr
company paid
L&T - MHI POWER BOILERS PRIVATE LIMITED
Provided services to them · Revenue from services
₹2 cr
company received
L&T Network Services Private Limited
Provided services to them · Revenue from services
₹40 L
company received
L&T Construction Equipment Limited
Paid them for services · Purchase of services
₹20 L
company paid
Larsen &Toubro (East Asia) SDN.BHD
Other payments to them · Rent paid
₹20 L
company paid

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.