L&T Technology SER. Ltd.
NSE: LTTS · IT Enabled Services · sector
₹4,035.60NSE close 2026-10-26
Key numbers
Market cap₹42,777 cr
Price₹4,035.60
52w high / low₹4,726 / ₹3,010
P/E27.8xSector median 20.1x
P/B6.0xSector median 1.6x
Book value₹668.0
Dividend yield1.39%Sector median 0.70%
ROE23.2%Sector median 8.4%
ROCE26.8%Sector median 11.3%
OPM17.8%Sector median 9.6%
Debt / equity0.00xSector median 0.03x
EV/EBITDA18.7xSector median 10.8x
Interest cover31.5x
Current ratio2.73x
Sales growth 3y+11.1%Sector median +11.0%
Profit growth 3y+3.0%Sector median +16.6%
PEG9.59x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 91 companies in IT Enabled Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3,079 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 31.5x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Debtor days went from 82 (FY24) to 67 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹4,035.60 on 2026-10-26: -14.6% from the 52-week high, +34.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹5,597.80 · low ₹3,047.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,653 | 2,982 | 2,866 | 2,980 | 2,924 | 2,858 | 2,940 | 3,040 |
| EBITDA | 495 | 476 | 462 | 491 | 478 | 484 | 548 | 586 |
| OPM % | 18.6% | 15.9% | 16.1% | 16.5% | 16.4% | 16.9% | 18.6% | 19.3% |
| Other income | 34 | 49 | 68 | 66 | 33 | 55 | 29 | 31 |
| Net profit | 322 | 311 | 316 | 329 | 303 | 332 | 357 | 548 |
| EPS (₹) | 30.47 | 29.38 | 29.81 | 31.02 | 28.56 | 31.34 | 33.62 | 51.67 |
| Revenue YoY | +10.2% | -4.2% | +2.6% | +2.0% | ||||
| Profit YoY | -6.1% | +6.8% | +13.0% | +66.8% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 6,570 | 8,014 | 9,647 | 10,670 | 10,996 | 11,762 |
| EBITDA | 1,415 | 1,711 | 1,919 | 1,892 | 1,863 | 2,097 |
| Net profit | 957 | 1,170 | 1,304 | 1,267 | 1,279 | 1,540 |
| EPS (₹) | 90.92 | 110.80 | 123.34 | 119.70 | 120.71 | 145.19 |
| Revenue growth | +22.0% | +20.4% | +10.6% | +3.1% | +2.5% | |
| Profit growth | +22.2% | +11.4% | -2.8% | +1.0% | +20.5% | |
| Dividend / share (₹) | 34.50 | 30.00 | 47.00 | 50.00 | 56.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.1% | +15.1% | +2.4% |
| Net profit | +3.0% | +14.0% | +20.5% |
| EPS | +2.9% | +13.8% | – |
| Share price | – | -12.8% (2y) | -5.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,951 | 5,327 | 6,080 | 6,473 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 2,799 | 2,684 | 2,526 | 3,079 |
| Total assets | – | 6,917 | 8,488 | 9,644 | 10,489 |
| Fixed assets | – | 654 | 988 | 878 | 859 |
| Capital work in progress | – | 6 | 13 | 28 | 12 |
| Investments | – | 175 | 199 | 349 | 468 |
| Receivables | – | 1,730 | 2,180 | 2,513 | 2,015 |
| Inventory | – | 0 | 3 | 4 | 6 |
| Payables | – | 450 | 1,412 | 1,622 | 937 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,006 | 1,305 | 1,493 | 1,481 | 1,455 |
| Cash from investing | -448 | -572 | -233 | -509 | -443 |
| Cash from financing | -498 | -444 | -658 | -718 | -800 |
| Capex | 162 | 176 | 253 | 112 | 185 |
| Free cash flow | 844 | 1,130 | 1,240 | 1,370 | 1,270 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 23.6% | 24.5% | 20.8% | 19.8% |
| ROCE % | – | 34.1% | 34.8% | 29.6% | 26.9% |
| Debtor days | – | 79 | 82 | 86 | 67 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 21 | 53 | 55 | 31 |
| Cash conversion cycle (days) | – | 58 | 29 | 31 | 36 |
| Working capital days | – | 165 | 140 | 119 | 126 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.51% |
| FIIs | 4.43% |
| DIIs | 13.76% |
| of which Mutual funds | 3.15% |
| of which Insurance | 9.57% |
| Government | 0.00% |
| Public (non-institutions) | 8.29% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.66% | 73.66% | 73.59% | 73.58% | 73.58% | 73.57% | 73.52% | 73.51% |
| Promoter group | % |
|---|---|
| Larsen and Toubro Limited | 73.51% |
| Bhilai Power Supply Company Limited | 0.00% |
| L&T Aviation Services Private Limited | 0.00% |
| L&T Capital Company Limited | 0.00% |
| L&T Global Holdings Limited | 0.00% |
| Larsen & Toubro International FZE | 0.00% |
| L&T Community Welfare Association | 0.00% |
| L&T Semiconductor Technologies Limited | 0.00% |
| L&T Metro Rail (Hyderabad) Limited | 0.00% |
| L&T Finance Limited | 0.00% |
| L&T Financial Consultants Limited | 0.00% |
| L&T Infra Investment Partners Advisory Private Limited | 0.00% |
| L&T Infra Investment Partners Trustee Private Limited | 0.00% |
| L&T Infra Investment Partners Fund | 0.00% |
| L&T Energy Green Tech Limited (Formerly L&T Power Limited) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Lici Ulip-secured Fund | 6.91% |
| Seafarer Overseas Growth & Income Fund | 1.21% |
| SBI Nifty Midcap 150 ETF | 1.09% |
2,45,704 shareholders. Pledged: – of promoter shares.
Peers in IT Enabled Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTTS | ₹42,777 cr | 27.8x | 6.0x | 23.2% | 26.8% | 17.8% | +11.1% | 1.39% |
| IKS | ₹28,359 cr | 36.4x | 10.1x | 33.3% | 30.2% | 34.3% | – | – |
| TATATECH | ₹27,242 cr | 48.4x | 7.1x | 15.2% | 18.1% | 13.9% | – | 1.75% |
| NETWEB | ₹24,404 cr | 93.4x | 33.7x | 41.6% | 37.4% | 13.3% | – | 0.05% |
| SAGILITY | ₹20,823 cr | 21.0x | 2.1x | 11.0% | 13.1% | 23.6% | – | 0.11% |
| AFFLE | ₹18,518 cr | 38.7x | 5.1x | 14.5% | 16.1% | 22.5% | +23.6% | – |
| BBOX | ₹14,137 cr | 60.6x | 11.0x | 22.1% | 20.2% | 8.2% | +0.2% | 0.12% |
| CYIENT | ₹13,821 cr | 36.3x | 2.4x | 6.9% | 11.6% | 11.2% | +6.5% | 2.38% |
| ESDS | ₹12,988 cr | – | – | – | – | – | – | – |
| E2E | ₹12,218 cr | 104.0x | 6.8x | 6.9% | 8.2% | 70.9% | +54.8% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Sustainability | ₹3,828 cr | 34.8% | ₹1,083 cr | 28.3% |
| Tech | ₹3,660 cr | 33.3% | ₹382 cr | 10.4% |
| Mobility | ₹3,508 cr | 31.9% | ₹535 cr | 15.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-05-22 | Dividend | Dividend - Rs 40 Per Share |
| 2025-10-27 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2025-06-06 | Dividend | Dividend - Rs 38 Per Share |
| 2024-10-25 | Dividend | Interim Dividend - Rs 17 Per Share |
| 2024-06-14 | Dividend | Dividend - Rs 33 Per Share |
| 2023-10-27 | Dividend | Interim Dividend - Rs 17 Per Share |
| 2023-07-07 | Dividend | Dividend - Rs 30 Per Share |
| 2022-10-27 | Dividend | Interim Dividend - Rs 15 Per Share |
| 2022-07-07 | Dividend | Annual General Meeting/Dividend - Rs 15 Per Share |
| 2022-01-25 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2021-10-26 | Dividend | Special Dividend - Rs 10 Per Share |
| 2021-07-08 | Dividend | Annual General Meeting/Dividend - Rs 14.50 Per Share |
| 2020-10-26 | Dividend | Interim Dividend - Rs 7.50 Per Share |
| 2020-07-08 | Dividend | Annual General Meeting/Dividend - Rs 13.50 Per Share |
| 2019-10-30 | Dividend | Interim Dividend - Rs 7.50 Per Sh |
| 2019-07-11 | Dividend | Annual General Meeting/Dividend - Rs 13.50 Per Share |
| 2018-11-01 | Dividend | Interim Dividend - Rs 7.50 Per Share |
| 2018-08-13 | Dividend | Annual General Meeting/Dividend Rs 12/- Per Share |
| 2017-11-14 | Dividend | Interim Dividend - Rs 4/- Per Share (Purpose Revised) |
| 2017-08-14 | Dividend | Dividend - Rs 4/- Per Share |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Mobility: Under its Mobility segment, LTTS engineers intelligent and sustainable mobility offerings for safer and personalized user experiences. The Company develops and delivers innovative products and solutions, tackles complex engineering challenges, redefines consumer experiences, and helps improve passenger safety across its focus subsegments of Automotive, Aerospace Engineering, Rail Transportation, and Trucks and Off-Highway Vehicles.
- Sustainability: LTTS is enabling intelligent and responsible products and production journeys under its Sustainability segment. The Company helps build a sustainable and responsible future across its focus subsegments of Discrete Manufacturing and Industrial Products, and Process Manufacturing, leveraging decades of unmatched ER&D excellence, IT-OT synergies, and cross-domain insights and skillsets in its global operations.
- Tech: In the Tech segment, LTTS focuses on enabling pervasive intelligence across products and services for ensuring differentiated experiences. Leveraging a demonstrated history of engineering excellence and deep cross-vertical capabilities to deliver tangible outcomes, the Company enables accelerated product launches and reliable life cycle management journeys for clients across its subsegments of Media & Tech, MedTech, and Software & Platforms.
| Sector | Information Technology |
| Industry | IT Enabled Services |
| Sub-industry | IT Enabled Services |
| Symbol | LTTS |
| BSE code | 540115 |
| ISIN | INE010V01017 |
| Face value | ₹2.0 |
| Incorporated | 2012-06-14 |
| Website | www.ltts.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.