L&T Technology Services Limited provides engineering, research, and development (ER&D) services in North America, Europe, India, and internationally.
L&T Technology Services Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹4,742.75|
|52 Week High||₹1,565.00|
|52 Week Low||₹5,000.00|
|1 Month Change||19.34%|
|3 Month Change||63.95%|
|1 Year Change||188.96%|
|3 Year Change||175.23%|
|5 Year Change||460.18%|
|Change since IPO||445.77%|
Recent News & Updates
|LTTS||IN Professional Services||IN Market|
Return vs Industry: LTTS exceeded the Indian Professional Services industry which returned 145.7% over the past year.
Return vs Market: LTTS exceeded the Indian Market which returned 67.5% over the past year.
Stable Share Price: LTTS is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: LTTS's weekly volatility (7%) has been stable over the past year.
About the Company
|2012||16,972||Amit Pal Chadha||https://www.ltts.com|
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 original equipment manufacturers (OEM) and Tier 1 suppliers in automotive, trucks and off-highway vehicles, aerospace, and rail industries. The company’s Industrial Products segment helps OEM customers in building automation, home and office products, energy, process control, and machinery sectors.
L&T Technology Services Fundamentals Summary
|LTTS fundamental statistics|
Is LTTS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LTTS income statement (TTM)|
|Cost of Revenue||₹34.57b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||72.48|
|Net Profit Margin||13.32%|
How did LTTS perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is L&T Technology Services undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LTTS (₹4742.75) is trading above our estimate of fair value (₹982.77)
Significantly Below Fair Value: LTTS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LTTS is poor value based on its PE Ratio (65.4x) compared to the Indian Professional Services industry average (31.3x).
PE vs Market: LTTS is poor value based on its PE Ratio (65.4x) compared to the Indian market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: LTTS is poor value based on its PEG Ratio (4.6x)
Price to Book Ratio
PB vs Industry: LTTS is overvalued based on its PB Ratio (13.5x) compared to the IN Professional Services industry average (1.3x).
How is L&T Technology Services forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LTTS's forecast earnings growth (14.3% per year) is above the savings rate (6.8%).
Earnings vs Market: LTTS's earnings (14.3% per year) are forecast to grow slower than the Indian market (18.3% per year).
High Growth Earnings: LTTS's earnings are forecast to grow, but not significantly.
Revenue vs Market: LTTS's revenue (14.2% per year) is forecast to grow faster than the Indian market (12.6% per year).
High Growth Revenue: LTTS's revenue (14.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LTTS's Return on Equity is forecast to be high in 3 years time (23.2%)
How has L&T Technology Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LTTS has high quality earnings.
Growing Profit Margin: LTTS's current net profit margins (13.3%) are higher than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: LTTS's earnings have grown by 15.5% per year over the past 5 years.
Accelerating Growth: LTTS's earnings growth over the past year (4.2%) is below its 5-year average (15.5% per year).
Earnings vs Industry: LTTS earnings growth over the past year (4.2%) underperformed the Professional Services industry 48.2%.
Return on Equity
High ROE: LTTS's Return on Equity (20.6%) is considered high.
How is L&T Technology Services's financial position?
Financial Position Analysis
Short Term Liabilities: LTTS's short term assets (₹25.6B) exceed its short term liabilities (₹12.0B).
Long Term Liabilities: LTTS's short term assets (₹25.6B) exceed its long term liabilities (₹4.7B).
Debt to Equity History and Analysis
Debt Level: LTTS is debt free.
Reducing Debt: LTTS has no debt compared to 5 years ago when its debt to equity ratio was 17.7%.
Debt Coverage: LTTS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LTTS has no debt, therefore coverage of interest payments is not a concern.
What is L&T Technology Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LTTS's dividend (0.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: LTTS's dividend (0.46%) is low compared to the top 25% of dividend payers in the Indian market (1.45%).
Stability and Growth of Payments
Stable Dividend: LTTS has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LTTS's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.6%), LTTS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LTTS's dividends in 3 years are forecast to be well covered by earnings (28.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Amit Pal Chadha (49 yo)
Mr. Amit Pal Singh Chadha serves as CEO & Managing Director at L&T Technology Services Limited since April 1, 2021. Mr. Chadha served as Deputy Chief Executive Officer at L&T Technology Services Limited si...
CEO Compensation Analysis
Compensation vs Market: Amit Pal's total compensation ($USD1.29M) is above average for companies of similar size in the Indian market ($USD786.66K).
Compensation vs Earnings: Amit Pal's compensation has been consistent with company performance over the past year.
Experienced Management: LTTS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: LTTS's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LTTS insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
L&T Technology Services Limited's employee growth, exchange listings and data sources
- Name: L&T Technology Services Limited
- Ticker: LTTS
- Exchange: NSEI
- Founded: 2012
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: ₹498.837b
- Shares outstanding: 105.18m
- Website: https://www.ltts.com
Number of Employees
- L&T Technology Services Limited
- West Block-II
- L&T Knowledge City (IT/ITES) SEZ
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:46|
|End of Day Share Price||2021/09/27 00:00|
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.