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L&T Technology Services

NSEI:LTTS
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LTTS
NSEI
₹116B
Market Cap
  1. Home
  2. IN
  3. Commercial Services
Company description

L&T Technology Services Limited provides engineering, research, and development (ER&D) services in North America, Europe, India, and internationally. The last earnings update was 79 days ago. More info.


Add to Portfolio Compare Print
  • L&T Technology Services has significant price volatility in the past 3 months.
LTTS Share Price and Events
7 Day Returns
-5.7%
NSEI:LTTS
-3.4%
IN Professional Services
-3.6%
IN Market
1 Year Returns
-31.1%
NSEI:LTTS
-37.5%
IN Professional Services
-32.1%
IN Market
LTTS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
L&T Technology Services (LTTS) -5.7% -32.9% -26.6% -31.1% 39.4% -
IN Professional Services -3.4% -34.3% -34% -37.5% -15.8% -51.3%
IN Market -3.6% -26.9% -31.5% -32.1% -24.1% -15.2%
1 Year Return vs Industry and Market
  • LTTS outperformed the Professional Services industry which returned -37.5% over the past year.
  • LTTS outperformed the Market in India which returned -32.1% over the past year.
Price Volatility
LTTS
Industry
5yr Volatility vs Market

LTTS Value

 Is L&T Technology Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of L&T Technology Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for L&T Technology Services.

NSEI:LTTS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:LTTS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.768 (1 + (1- 35%) (3.67%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (0.857 * 7.85%)
13.21%

Discounted Cash Flow Calculation for NSEI:LTTS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for L&T Technology Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:LTTS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 13.21%)
2020 5,726.03 Analyst x12 5,058.06
2021 7,420.50 Analyst x11 5,790.20
2022 7,487.15 Analyst x13 5,160.69
2023 8,186.77 Est @ 9.34% 4,984.64
2024 8,881.41 Est @ 8.48% 4,776.76
2025 9,581.57 Est @ 7.88% 4,552.18
2026 10,296.59 Est @ 7.46% 4,321.22
2027 11,034.62 Est @ 7.17% 4,090.73
2028 11,802.78 Est @ 6.96% 3,865.07
2029 12,607.37 Est @ 6.82% 3,646.94
Present value of next 10 years cash flows ₹46,246.00
NSEI:LTTS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹12,607.37 × (1 + 6.48%) ÷ (13.21% – 6.48%)
₹199,587.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹199,587.29 ÷ (1 + 13.21%)10
₹57,734.68
NSEI:LTTS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹46,246.00 + ₹57,734.68
₹103,980.68
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹103,980.68 / 104.51
₹994.92
NSEI:LTTS Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹994.92
Current discount Discount to share price of ₹1,107.60
= -1 x (₹1,107.60 - ₹994.92) / ₹994.92
-11.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of L&T Technology Services is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for L&T Technology Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are L&T Technology Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:LTTS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹77.38
NSEI:LTTS Share Price ** NSEI (2020-04-03) in INR ₹1107.6
India Professional Services Industry PE Ratio Median Figure of 13 Publicly-Listed Professional Services Companies 9.46x
India Market PE Ratio Median Figure of 2,614 Publicly-Listed Companies 9.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of L&T Technology Services.

NSEI:LTTS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:LTTS Share Price ÷ EPS (both in INR)

= 1107.6 ÷ 77.38

14.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • L&T Technology Services is overvalued based on earnings compared to the IN Professional Services industry average.
  • L&T Technology Services is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does L&T Technology Services's expected growth come at a high price?
Raw Data
NSEI:LTTS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
10%per year
Asia Professional Services Industry PEG Ratio Median Figure of 55 Publicly-Listed Professional Services Companies 1.14x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

NSEI:LTTS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.31x ÷ 10%

1.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • L&T Technology Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on L&T Technology Services's assets?
Raw Data
NSEI:LTTS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹253.35
NSEI:LTTS Share Price * NSEI (2020-04-03) in INR ₹1107.6
India Professional Services Industry PB Ratio Median Figure of 22 Publicly-Listed Professional Services Companies 0.68x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 0.63x
NSEI:LTTS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:LTTS Share Price ÷ Book Value per Share (both in INR)

= 1107.6 ÷ 253.35

4.37x

* Primary Listing of L&T Technology Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • L&T Technology Services is overvalued based on assets compared to the IN Professional Services industry average.
X
Value checks
We assess L&T Technology Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. L&T Technology Services has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LTTS Future Performance

 How is L&T Technology Services expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is L&T Technology Services expected to grow at an attractive rate?
  • L&T Technology Services's earnings growth is expected to exceed the low risk savings rate of 6.5%.
Growth vs Market Checks
  • L&T Technology Services's earnings growth is positive but not above the India market average.
  • L&T Technology Services's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:LTTS Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:LTTS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 10%
NSEI:LTTS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 11%
Asia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.6%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:LTTS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:LTTS Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 70,016 9,482 9,957 15
2021-03-31 62,047 8,776 8,794 17
2020-04-05
2020-03-31 56,536 7,985 8,181 17
NSEI:LTTS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 55,432 8,053
2019-09-30 54,372 8,353 7,868
2019-06-30 53,012 7,720
2019-03-31 51,059 8,062 7,656
2018-12-31 48,546 7,329
2018-09-30 45,068 6,736
2018-06-30 40,767 6,053
2018-03-31 38,117 4,092 5,060
2017-12-31 35,046 4,315
2017-09-30 33,459 4,139
2017-06-30 32,680 4,031
2017-03-31 32,483 3,879 4,132

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • L&T Technology Services's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • L&T Technology Services's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:LTTS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from L&T Technology Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:LTTS Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 93.60 107.60 83.60 15.00
2021-03-31 83.10 94.30 72.42 17.00
2020-04-05
2020-03-31 77.87 79.30 76.50 17.00
NSEI:LTTS Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 77.38
2019-09-30 75.67
2019-06-30 74.39
2019-03-31 74.06
2018-12-31 71.17
2018-09-30 65.70
2018-06-30 59.22
2018-03-31 49.59
2017-12-31 43.55
2017-09-30 41.80
2017-06-30 40.69
2017-03-31 42.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • L&T Technology Services is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess L&T Technology Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
L&T Technology Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LTTS Past Performance

  How has L&T Technology Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare L&T Technology Services's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • L&T Technology Services has delivered over 20% year on year earnings growth in the past 5 years.
  • L&T Technology Services's 1-year earnings growth is less than its 5-year average (9.9% vs 26%)
  • L&T Technology Services's earnings growth has exceeded the IN Professional Services industry average in the past year (9.9% vs 6.1%).
Earnings and Revenue History
L&T Technology Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from L&T Technology Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:LTTS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 55,432.30 8,053.00 263.00
2019-09-30 54,372.30 7,868.00 263.00
2019-06-30 53,012.30 7,720.00 263.00
2019-03-31 51,059.30 7,656.00 263.00
2018-12-31 48,545.59 7,329.00 201.00
2018-09-30 45,067.59 6,736.00 201.00
2018-06-30 40,767.00 6,053.00
2018-03-31 38,116.59 5,060.00 201.00
2017-12-31 35,046.00 4,315.00 127.00
2017-09-30 33,459.00 4,139.00 127.00
2017-06-30 32,680.00 4,031.00 127.00
2017-03-31 32,483.00 4,132.00 383.00
2016-12-31 32,377.06 3,451.78 5,253.25
2016-09-30 32,075.06 3,672.78 5,253.25
2016-06-30 31,267.75 3,512.06 1,353.57
2016-03-31 30,662.00 3,288.00 87.00
2015-03-31 25,606.54 2,450.84 4,620.83
2014-03-31 1,261.70 4.44 255.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • L&T Technology Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • L&T Technology Services used its assets more efficiently than the IN Professional Services industry average last year based on Return on Assets.
  • L&T Technology Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess L&T Technology Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
L&T Technology Services has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LTTS Health

 How is L&T Technology Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up L&T Technology Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • L&T Technology Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • L&T Technology Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of L&T Technology Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 90.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from L&T Technology Services Company Filings, last reported 3 months ago.

NSEI:LTTS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 26,383.00 4,254.00 6,528.00
2019-09-30 26,383.00 284.00 6,528.00
2019-06-30 26,550.00 276.00 9,645.00
2019-03-31 24,822.00 702.00 7,797.00
2018-12-31 22,227.00 524.00 4,841.00
2018-09-30 19,952.00 595.00 4,954.00
2018-06-30 20,530.00 253.00 5,753.00
2018-03-31 19,367.00 702.00 3,748.00
2017-12-31 16,933.00 1,293.00 4,023.00
2017-09-30 16,933.00 1,293.00 4,023.00
2017-06-30 14,852.00 1,019.00 2,620.00
2017-03-31 14,852.00 1,019.00 2,618.00
2016-12-31 12,178.00 1,580.00 2,674.00
2016-09-30 12,178.00 1,580.00 2,674.00
2016-06-30 11,268.06 2,005.49 1,898.60
2016-03-31 10,656.00 1,955.00 1,389.00
2015-03-31 10,567.43 1,553.71 1,124.41
2014-03-31 4,849.04 486.87 294.97
  • L&T Technology Services's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14.1% vs 1.1% today).
  • Debt is well covered by operating cash flow (2941.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 100.8x coverage).
X
Financial health checks
We assess L&T Technology Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. L&T Technology Services has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LTTS Dividends

 What is L&T Technology Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.9%
Current annual income from L&T Technology Services dividends. Estimated to be 2.77% next year.
If you bought ₹2,000 of L&T Technology Services shares you are expected to receive ₹38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • L&T Technology Services's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.96%).
  • L&T Technology Services's dividend is below the markets top 25% of dividend payers in India (4.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:LTTS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
India Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.1%
India Market Average Dividend Yield Market Cap Weighted Average of 1418 Stocks 2%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 1%
India Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:LTTS Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 33.01 11.00
2021-03-31 28.57 12.00
2020-04-05
2020-03-31 25.06 12.00
NSEI:LTTS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-10-18 21.000 1.408
2019-06-17 21.000 1.313
2018-10-25 19.500 1.208
2018-05-22 24.000 1.660
2018-01-23 8.000 0.630
2017-11-07 8.000 0.801
2017-07-21 8.000 1.029
2017-01-23 6.000 0.783
2016-11-10 6.000 0.741

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • L&T Technology Services has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but L&T Technology Services only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of L&T Technology Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess L&T Technology Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can L&T Technology Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. L&T Technology Services has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LTTS Management

 What is the CEO of L&T Technology Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Keshab Panda
COMPENSATION ₹69,170,000
AGE 61
TENURE AS CEO 4.3 years
CEO Bio

Dr. Keshab Panda has been the Chief Executive Officer and Managing Director at L&T Technology Services Ltd since January 21, 2016. Dr. Panda serves as the Chief Executive of L&T Integrated Engineering Services of Larsen & Toubro Limited. Dr. Panda served as the Chief Executive of L&T Technology Services Ltd. since January 10, 2015. Dr. Panda served as Head of Healthcare Vertical Unit and Head of Healthcare Vertical Unit at Satyam Computer Services Ltd. since June 2009 and served as its Head of E&U Vertical & Europe Operations since February 2009. He has been a Whole Time Director at L&T Technology Services LIMITED since June 14, 2012. He has over 27 years of global industry experience in conceptualizing, creating, operationalizing and turning around complex IT and engineering services businesses. He served as Senior Vice President and Director of Regional Business Unit, Europe of Satyam Computer Services Ltd. since April 2004. Dr. Panda served as the Chief Executive Officer of Satyam Technologies, Inc., a wholly owned subsidiary of Satyam and additionally manages multiple strategic relationships with Satyam Computer Services Ltd. His past assignments include President - Americas, Mahindra Satyam & Head of Europe Operations, Satyam Computer Services Limited. Dr. Panda was also responsible for setting up multiple joint ventures and has provided leadership in his capacity as Chief Executive Officer for one of the joint ventures. He started his career as Research Scientist in Indian Space Research Organization and thereafter as Scientist for India's Light Combat Aircraft Development with Defense Research & Development Organization. After working in National R&D laboratories for a decade, he embarked on his career in Engineering and IT Services Industry. Dr. Panda has participated in many global forums as Keynote Speaker and was invited multiple times to CNBC Power Lunch.key customers as well. He is a veteran of the Indian Space Research Organization (ISRO) Satellite Centre, he played an important role with the design of Indias indigenous communications satellite, INSAT II Satellite and the Defense Research Development Organization (DRDO) in various capacities. Dr. Panda serves as a Director of Satyam Technologies Inc. Dr. Panda served as a Director of Satyam Computer Services Ltd. since April 2004. Dr. Panda served as a Non-Executive Director at Larsen & Toubro Infotech Limited until April 30, 2014. Dr. Panda holds B.Tech in aeronautical engineering from Anna University, Chennai, ME in aerospace engineering from Indian Institute of Science, Bengaluru and PhD from Indian Institute of Technology, Mumbai. He also holds an Advanced Management Degree from the Aresty Institute of Executive Education, The Wharton School, University of Pennsylvania.

CEO Compensation
  • Keshab's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Keshab's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the L&T Technology Services management team in years:

2.6
Average Tenure
56.5
Average Age
  • The tenure for the L&T Technology Services management team is about average.
Management Team

Anilkumar Naik

TITLE
Founder Chairman
COMPENSATION
₹9M
AGE
77

Keshab Panda

TITLE
CEO, MD & Whole Time Director
COMPENSATION
₹69M
AGE
61
TENURE
4.3 yrs

Parameswaran Ramakrishnan

TITLE
Chief Financial Officer
AGE
51
TENURE
4.3 yrs

Kapil Bhalla

TITLE
Compliance Officer & Company Secretary
AGE
55

Amit Pal Chadha

TITLE
Deputy CEO & Whole Time Director
COMPENSATION
₹47M
AGE
47

Bhupendra Bhate

TITLE
Chief Innovation Officer
COMPENSATION
₹11M
AGE
58
TENURE
0.9 yrs

Abhishek Sinha

TITLE
Whole Time Director & COO
TENURE
0.9 yrs

Pinku Pappan

TITLE
Head of Investor Relations

Samir Bagga

TITLE
Chief Marketing Officer

Paneesh Rao

TITLE
Chief Human Resources Officer & CSR Head
Board of Directors Tenure

Average tenure and age of the L&T Technology Services board of directors in years:

4.4
Average Tenure
59
Average Age
  • The tenure for the L&T Technology Services board of directors is about average.
Board of Directors

Keshab Panda

TITLE
CEO, MD & Whole Time Director
COMPENSATION
₹69M
AGE
61
TENURE
7.8 yrs

SNS Subrahmanyan

TITLE
Vice Chairman
AGE
59
TENURE
2.9 yrs

Anilkumar Naik

TITLE
Founder Chairman
COMPENSATION
₹9M
AGE
77
TENURE
5.5 yrs

Amit Pal Chadha

TITLE
Deputy CEO & Whole Time Director
COMPENSATION
₹47M
AGE
47
TENURE
5.2 yrs

Abhishek Sinha

TITLE
Whole Time Director & COO
TENURE
0.5 yrs

Sam Desai

TITLE
Independent Director
COMPENSATION
₹5M
AGE
73
TENURE
6 yrs

Narayanan Kumar

TITLE
Independent Director
COMPENSATION
₹2M
AGE
69
TENURE
3.8 yrs

Arjun Gupta

TITLE
Independent Director
COMPENSATION
₹4M
AGE
55
TENURE
4.5 yrs

Sudip Banerjee

TITLE
Independent Director
COMPENSATION
₹2M
AGE
59
TENURE
4.3 yrs

Apurva Purohit

TITLE
Independent Director
AGE
53
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • L&T Technology Services individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
09. Mar 20 Sell Atul Tiwari Individual 18. Oct 19 21. Jan 20 -3,000 ₹1,628.00 ₹-4,884,000
11. Mar 20 Sell Divya Bhatt Individual 18. Oct 19 06. Mar 20 -1,500 ₹1,633.93 ₹-2,450,895
09. Mar 20 Sell Gaurav Gupta Individual 18. Oct 19 23. Jan 20 -1,500 ₹1,630.00 ₹-2,445,000
04. Mar 20 Sell Chandrashekar N. Individual 17. Jan 20 19. Feb 20 -850 ₹1,710.07 ₹-1,453,560
28. Feb 20 Sell S. Kumar Individual 18. Oct 19 17. Feb 20 -3,000 ₹1,706.49 ₹-5,119,470
11. Feb 20 Sell Rajendra Lingwal Individual 17. Jan 20 07. Feb 20 -430 ₹1,708.00 ₹-733,460
20. Feb 20 Sell Sachin Kulkarni Individual 18. Oct 19 10. Feb 20 -660 ₹1,742.00 ₹-1,128,895
19. Feb 20 Sell Pinku Pappan Individual 17. Jan 20 18. Feb 20 -998 ₹1,712.00 ₹-1,697,099
13. Feb 20 Sell Jeevan Prakash Individual 17. Jan 20 07. Feb 20 -3,500 ₹1,675.66 ₹-5,864,810
12. Feb 20 Sell Divya Bhatt Individual 18. Oct 19 12. Feb 20 -1,000 ₹1,700.00 ₹-1,700,000
28. Jan 20 Sell Rajendra Lingwal Individual 18. Oct 19 20. Jan 20 -125 ₹1,623.73 ₹-202,966
24. Jan 20 Sell Divya Bhatt Individual 18. Oct 19 20. Jan 20 -500 ₹1,622.00 ₹-811,000
24. Jan 20 Sell Keshab Panda Individual 18. Oct 19 23. Jan 20 -14,026 ₹1,678.76 ₹-23,546,288
22. Jan 20 Sell Keshab Panda Individual 18. Oct 19 21. Jan 20 -974 ₹1,628.89 ₹-1,586,539
30. Jan 20 Sell Chandrashekar N. Individual 17. Jan 20 29. Jan 20 -1,050 ₹1,725.32 ₹-1,811,586
29. Jan 20 Sell G. Manivannan Individual 18. Oct 19 28. Jan 20 -1,000 ₹1,750.00 ₹-1,750,000
28. Jan 20 Sell Rajendra Lingwal Individual 18. Oct 19 21. Jan 20 -700 ₹1,617.72 ₹-1,132,404
24. Jan 20 Sell Divya Bhatt Individual 18. Oct 19 22. Jan 20 -1,000 ₹1,625.00 ₹-1,625,000
24. Jan 20 Sell Keshab Panda Individual 18. Oct 19 22. Jan 20 -8,000 ₹1,632.00 ₹-13,056,000
27. Jan 20 Sell Indrajit Sen Individual 18. Oct 19 24. Jan 20 -2,500 ₹1,725.00 ₹-4,312,500
22. Jan 20 Sell G. Manivannan Individual 18. Oct 19 20. Jan 20 -791 ₹1,640.00 ₹-1,297,240
22. Jan 20 Sell Keshab Panda Individual 18. Oct 19 20. Jan 20 -2,000 ₹1,626.76 ₹-3,253,520
21. Jan 20 Sell Nhanu Gopalam Individual 18. Oct 19 20. Jan 20 -1,200 ₹1,624.00 ₹-1,948,800
20. Jan 20 Sell Rajendra Lingwal Individual 18. Oct 19 20. Jan 20 -875 ₹1,625.86 ₹-1,422,628
31. Jan 20 Sell S. Babu Individual 17. Jan 20 23. Jan 20 -3,000 ₹1,699.50 ₹-5,098,500
30. Jan 20 Sell Samir Bagga Individual 18. Oct 19 27. Jan 20 -4,000 ₹1,770.44 ₹-6,952,340
30. Jan 20 Sell Shailendra Shrivastava Individual 18. Oct 19 28. Jan 20 -2,100 ₹1,760.90 ₹-3,644,385
03. Feb 20 Sell Seema Ghanekar Individual 18. Oct 19 29. Jan 20 -2,275 ₹1,750.96 ₹-3,952,358
29. Jan 20 Sell G. Manivannan Individual 18. Oct 19 27. Jan 20 -7 ₹1,754.00 ₹-12,278
28. Jan 20 Sell Subrat Tripathy Individual 25. Oct 18 24. Jan 20 -5,000 ₹1,725.48 ₹-8,627,400
27. Jan 20 Sell G. Manivannan Individual 18. Oct 19 27. Jan 20 -2,202 ₹1,779.73 ₹-3,889,762
09. Dec 19 Sell Prabhakar Shetty Individual 18. Oct 19 05. Dec 19 -3,000 ₹1,505.00 ₹-4,515,000
09. Dec 19 Sell Divya Bhatt Individual 18. Oct 19 06. Dec 19 -2,000 ₹1,500.00 ₹-3,000,000
09. Oct 19 Sell Divya Bhatt Individual 25. Oct 18 27. Sep 19 -1,171 ₹1,602.37 ₹-1,876,375
09. Oct 19 Sell Rajendra Lingwal Individual 25. Oct 18 30. Sep 19 -414 ₹1,541.97 ₹-638,375
01. Oct 19 Sell Sendhil Kalyanam Individual 25. Oct 18 25. Sep 19 -1,000 ₹1,578.96 ₹-1,578,960
25. Sep 19 Sell S. Arthanarieaswaran Individual 25. Oct 18 20. Sep 19 -700 ₹1,630.00 ₹-1,141,000
24. Sep 19 Sell K. Giri Individual 25. Oct 18 20. Sep 19 -1,000 ₹1,630.01 ₹-1,630,010
24. Sep 19 Sell Larsen & Toubro Limited Company 26. Jun 19 26. Jun 19 -20,000 ₹1,725.00 ₹-34,489,408
19. Sep 19 Sell Nithpriya Subramanyan Individual 25. Oct 18 16. Sep 19 -1,970 ₹1,600.00 ₹-3,152,000
17. Sep 19 Sell K. Giri Individual 25. Oct 18 12. Sep 19 -1,000 ₹1,597.80 ₹-1,597,800
09. Sep 19 Sell Hrishikesh Rao Individual 25. Sep 18 05. Sep 19 -1,500 ₹1,622.45 ₹-2,433,675
05. Sep 19 Sell R. Krishnamoorthy Individual 22. Oct 18 03. Sep 19 -500 ₹1,640.00 ₹-819,500
29. Aug 19 Sell R. Krishnamoorthy Individual 22. Oct 18 28. Aug 19 -1,250 ₹1,650.00 ₹-2,042,500
27. Aug 19 Sell Divya Bhatt Individual 25. Oct 18 26. Aug 19 -1,500 ₹1,625.00 ₹-2,437,500
27. Aug 19 Sell Kamlesh Khangani Individual 25. Oct 18 27. Aug 19 -1,000 ₹1,636.00 ₹-1,605,500
02. Jul 19 Sell Vinay Bhanot Individual 25. Oct 18 28. Jun 19 -5,000 ₹1,755.00 ₹-8,775,000
28. Jun 19 Sell Kamlesh Khangani Individual 25. Oct 18 27. Jun 19 -2,000 ₹1,784.12 ₹-3,489,740
26. Jun 19 Sell Larsen & Toubro Limited Company 25. Jun 19 25. Jun 19 -180,000 ₹1,703.77 ₹-306,618,358
24. Jun 19 Sell Rajarao Tadimety Individual 25. Oct 18 21. Jun 19 -5,000 ₹1,725.74 ₹-8,628,700
17. Jun 19 Sell Paneesh Rao Individual 25. Oct 18 23. May 19 -3,299 ₹1,741.25 ₹-5,744,383
07. Jun 19 Sell Larsen & Toubro Limited Company 06. Jun 19 06. Jun 19 -232,673 ₹1,656.13 ₹-385,186,167
06. Jun 19 Sell Amit Pal Chadha Individual 08. Aug 18 03. Jun 19 -1,288 ₹1,783.52 ₹-2,297,173
05. Jun 19 Sell Ashok Kumar Individual 22. Oct 18 03. Jun 19 -1,000 ₹1,710.00 ₹-1,710,000
05. Jun 19 Sell Larsen & Toubro Limited Company 04. Jun 19 04. Jun 19 -3,630,959 ₹1,659.22 ₹-6,023,536,261
04. Jun 19 Sell Shailendra Shrivastava Individual 22. Oct 18 03. Jun 19 -2,900 ₹1,775.00 ₹-5,146,065
03. Jun 19 Sell R. Krishnamoorthy Individual 22. Oct 18 28. May 19 -2,000 ₹1,767.54 ₹-3,522,256
29. May 19 Sell Amit Pal Chadha Individual 23. Jan 18 28. May 19 -1,000 ₹1,795.00 ₹-1,775,950
27. May 19 Sell Amit Pal Chadha Individual 23. Jan 18 24. May 19 -1,000 ₹1,749.90 ₹-1,749,900
21. May 19 Sell Bhupendra Bhate Individual 23. Jan 19 17. May 19 -1,439 ₹1,757.56 ₹-2,529,129
21. May 19 Sell Amit Pal Chadha Individual 23. Jan 19 20. May 19 -6,000 ₹1,789.58 ₹-10,737,480
21. May 19 Sell Prabhakar Shetty Individual 23. Jan 18 17. May 19 -3,000 ₹1,750.79 ₹-5,252,370
21. May 19 Sell Divya Bhatt Individual 23. Jan 18 17. May 19 -1,500 ₹1,700.00 ₹-2,550,000
21. May 19 Sell Bhupendra Bhate Individual 23. Jan 18 20. May 19 -2,439 ₹1,795.83 ₹-4,324,959
21. May 19 Sell Amit Pal Chadha Individual 23. Jan 18 17. May 19 -1,761 ₹1,759.70 ₹-3,098,832
17. May 19 Sell Amit Pal Chadha Individual 23. Jan 18 16. May 19 -2,739 ₹1,735.27 ₹-4,743,581
15. May 19 Sell Bhupendra Bhate Individual 25. Oct 18 10. May 19 -1,806 ₹1,715.92 ₹-3,092,218
13. May 19 Sell G. Manivannan Individual 25. Oct 18 09. May 19 -590 ₹1,710.00 ₹-1,003,900
13. May 19 Sell Srinivasan Swaminathan Individual 25. Oct 18 08. May 19 -950 ₹1,727.65 ₹-1,634,590
13. May 19 Sell Keshab Panda Individual 25. Oct 18 09. May 19 -3,727 ₹1,697.64 ₹-6,326,132
09. May 19 Sell Indrajit Sen Individual 25. Oct 18 08. May 19 -3,600 ₹1,720.00 ₹-6,150,692
09. May 19 Sell Keshab Panda Individual 25. Oct 18 08. May 19 -9,273 ₹1,701.32 ₹-14,421,354
X
Management checks
We assess L&T Technology Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. L&T Technology Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LTTS News

Simply Wall St News

Trade Alert: L&T Technology Services Limited (NSE:LTTS) Insider, Kamlesh Khangani, Has Sold Some Shares Recently

We note that a L&T Technology Services Limited (NSE:LTTS) insider, Kamlesh Khangani, recently sold ₹1.6m worth of stock for ₹1,606 per share. … View our latest analysis for L&T Technology Services L&T Technology Services Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the insider, Seema Ghanekar, sold ₹18m worth of shares at a price of ₹1,707 per share. … NSEI:LTTS Recent Insider Trading, September 3rd 2019 Insider Ownership of L&T Technology Services For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Should You Like L&T Technology Services Limited’s (NSE:LTTS) High Return On Capital Employed?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for L&T Technology Services: 0.30 = ₹9.0b ÷ (₹40b - ₹9.5b) (Based on the trailing twelve months to June 2019.) Therefore, L&T Technology Services has an ROCE of 30%. … Do L&T Technology Services's Current Liabilities Skew Its ROCE? … The Bottom Line On L&T Technology Services's ROCE Low current liabilities and high ROCE is a good combination, making L&T Technology Services look quite interesting.

Simply Wall St -

Why L&T Technology Services Limited's (NSE:LTTS) High P/E Ratio Isn't Necessarily A Bad Thing

See our latest analysis for L&T Technology Services How Do You Calculate L&T Technology Services's P/E Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for L&T Technology Services: P/E of 21.27 = ₹1582.5 ÷ ₹74.39 (Based on the trailing twelve months to June 2019.) Is A High P/E Ratio Good? … Since L&T Technology Services holds net cash of ₹9.4b, it can spend on growth, justifying a higher P/E ratio than otherwise.

Simply Wall St -

Is L&T Technology Services Limited (NSE:LTTS) Potentially Underrated?

L&T Technology Services Limited (NSE:LTTS) is a stock with outstanding fundamental characteristics. … For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on L&T Technology Services here. … Take a look at our free research report of analyst consensus for LTTS’s outlook.

Simply Wall St -

Should L&T Technology Services (NSE:LTTS) Be Disappointed With Their 27% Profit?

To wit, the L&T Technology Services Limited (NSE:LTTS) share price is 27% higher than it was a year ago, much better than the market return of around -2.1% (not including dividends) in the same period. … Check out our latest analysis for L&T Technology Services In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … We note that for L&T Technology Services the TSR over the last year was 30%, which is better than the share price return mentioned above.

Simply Wall St -

L&T Technology Services Limited (NSE:LTTS)'s Could Be A Buy For Its Upcoming Dividend

L&T Technology Services's next dividend payment will be ₹13.50 per share. … View our latest analysis for L&T Technology Services Dividends are typically paid from company earnings. … L&T Technology Services has grown its earnings per share while simultaneously reinvesting in the business.

Simply Wall St -

What Are Analysts Saying About The Future Of L&T Technology Services Limited's (NSE:LTTS)?

L&T Technology Services Limited's (NSE:LTTS) announced its latest earnings update in June 2019, which indicated that the business benefited from a sizeable tailwind, leading to a high double-digit earnings growth of 51%. … Below, I've laid out key numbers on how market analysts predict L&T Technology Services's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … View our latest analysis for L&T Technology Services Analysts' outlook for the coming year seems rather muted, with earnings increasing by a single digit 6.9%.

Simply Wall St -

Is L&T Technology Services Limited's (NSE:LTTS) 31% ROE Better Than Average?

See our latest analysis for L&T Technology Services How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for L&T Technology Services: 31% = ₹7.7b ÷ ₹25b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining L&T Technology Services's Debt And Its 31% Return On Equity L&T Technology Services has a debt to equity ratio of just 0.028, which is very low.

Simply Wall St -

Is It Too Late To Buy L&T Technology Services Limited (NSE:LTTS) At Its June Price?

LTTS is trading at price-to-earnings (PE) ratio of 23.13x, which suggests that L&T Technology Services is undervalued based on its latest annual earnings update compared to the Professional Services average of 23.13x , and overvalued compared to the IN market average ratio of 15.94x. … NSEI:LTTS Price Estimation Relative to Market, June 13th 2019 L&T Technology Services's price-to-earnings ratio stands at 23.13x, which is low, relative to the industry average. … A PE ratio of 23.13x and expected year-on-year earnings growth of 10% give L&T Technology Services a quite high PEG ratio of 2.21x.

Simply Wall St -

L&T Technology Services Limited (NSE:LTTS): Will The Growth Last?

After L&T Technology Services Limited's (NSE:LTTS) earnings announcement on 31 March 2019, the consensus outlook from analysts appear somewhat bearish, as a 7.2% rise in profits is expected in the upcoming year, relative to the higher past 5-year average growth rate of 31%. … For L&T Technology Services, I've compiled three key aspects you should further research: Financial Health: Does it have a healthy balance sheet? … The intrinsic value infographic in our free research report helps visualize whether L&T Technology Services is currently mispriced by the market.

Simply Wall St -

LTTS Company Info

Description

L&T Technology Services Limited provides engineering, research, and development (ER&D) services in North America, Europe, India, and internationally. Its Transportation segment offers engineering services and solutions to transportation industry that includes OEM and Tier 1 suppliers in automotive, trucks and off-highway vehicles, aerospace, and rail industries. This segment delivers services from concept to detailed design through manufacturing, testing, after-market, and sourcing support. The company’s Process Engineering segment provides engineering services in E/EPCM, engineering reapplication and global rollouts, plant sustenance and management, and regulatory compliance engineering, as well as to chemical, consumer packaged goods, and energy and utility sector clients. Its Industrial Products segment offers engineering services for industrial products to original equipment manufacturer (OEM) customers in building automation, home and office products, energy, process control, and machinery sectors. This segment offers product development counsel, software expertise, electronics, connectivity, mechanical engineering, industrial networking protocols, user interface/user experience, test frameworks, and enterprise control solutions. The company’s Medical Devices segment delivers solutions in diagnostics, patient mobility services, musculoskeletal services, life sciences, surgical services, cardiovascular, home healthcare, and general medical to medical device OEMs. Its Telecom & Hi-Tech segment provides digital engineering services related to telecom, such as the cloud, Internet of Things (IoT), artificial intelligence, data analytics, and others. The company was formerly known as L&T Technology and Engineering Services Company Limited and changed its name to L&T Technology Services Limited in July 2012. L&T Technology Services Limited was incorporated in 2012 and is headquartered in Vadodara, India. The company is a subsidiary of Larsen & Toubro Limited.

Details
Name: L&T Technology Services Limited
LTTS
Exchange: NSEI
Founded: 2012
₹115,757,001,640
104,511,558
Website: http://www.ltts.com
Address: L&T Technology Services Limited
West Block-II,
5th Floor,
Vadodara,
Gujarat, 390019,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI LTTS Equity Shares National Stock Exchange of India IN INR 23. Sep 2016
BSE 540115 Equity Shares Mumbai Stock Exchange IN INR 23. Sep 2016
Number of employees
Current staff
Staff numbers
16,789
L&T Technology Services employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 13:08
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/01/17
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.