L&T Technology Services Ltd. (LTTS) AI Stock Analysis

• Market Cap: ₹430.39B
• Dividend Yield: 1.35%
• Average Volume (3M): 9.61K
• Price to Earnings (P/E): 33.9
• Beta (1Y): 1.33
• Revenue Growth: 12.91%
• EPS Growth: -2.97%
• Country: IN
• Employees: 21,271
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 29.77
• Shares Outstanding: 105,978,920
• 10 Day Avg. Volume: 6,430
• 30 Day Avg. Volume: 9,610
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4,372.50
• Price Target Upside: 7.67% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 6

• Rating: 61 Neutral
• Price Target: ₹4,616.00 ▲(13.67% Upside)

L&T Technology Services Ltd. has a solid financial foundation with consistent revenue growth and efficient cash management. However, the technical indicators suggest a bearish trend, and the high P/E ratio raises valuation concerns. The absence of earnings call insights and corporate events limits the analysis, but the focus should be on improving operational efficiency to enhance profitability.

L&T Technology Services Ltd. Business Overview & Revenue Model

Company 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 original equipment manufacturers (OEM) and Tier 1 suppliers in automotive, trucks and off-highway vehicles, aerospace, rail, and polymer industries. The company's Industrial Products segment helps 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. Its Telecom & Hi-Tech segment offers embedded software design and development, hardware platform design and development, product maintenance, enhancement and sustenance, testing and validation, system integration for communication and related solutions, and systems and field implementation services to OEM/ODMs, chipset vendors, telecom carriers, and ISVs. The company's Plant Engineering segment provides end to end engineering services for chemical, consumer packaged goods, and energy and utility sector clients. Its Medical Devices segment delivers solutions in diagnostic, life sciences, surgical, cardiovascular, home healthcare, general medical, and other devices to medical device OEMs. 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. The company was incorporated in 2012 and is based in Vadodara, India. L&T Technology Services Limited is a subsidiary of Larsen & Toubro Limited.

How the Company Makes Money

LTTS makes money primarily through providing engineering and R&D services to a diverse set of industries. The company's revenue streams are mainly derived from long-term contracts with clients who require specialized engineering solutions. These contracts often involve customized projects that leverage LTTS's expertise in areas like digital engineering, product lifecycle management, and systems integration. LTTS also benefits from significant partnerships with global technology and industrial companies, which help in expanding their service offerings and market reach. Additionally, the company's focus on innovation and digital transformation allows it to attract new clients and retain existing ones, thereby contributing to its earnings.

L&T Technology Services Ltd. Financial Statement Overview

Summary

L&T Technology Services Ltd. demonstrates strong financial health with consistent revenue growth and efficient cash management. The balance sheet reflects a solid equity position and manageable debt levels. However, the negative EBIT in 2025 signals a need for attention to operational efficiency. Overall, the company is on a stable trajectory but should focus on improving operational margins to enhance profitability.

Income Statement

The company has shown consistent revenue growth over the years, with a noticeable increase from 2021 to 2025. However, the negative EBIT in 2025 indicates potential operational inefficiencies or restructuring costs affecting profitability. Despite this, the net profit margin remains relatively stable, which suggests effective cost management below the operating level.

Balance Sheet

The balance sheet is strong with a healthy equity ratio and a manageable level of debt. The debt-to-equity ratio has improved over the years, indicating prudent financial management. The return on equity is solid, showcasing the company’s ability to generate returns for shareholders. However, the total liabilities have increased, which could pose risks if not controlled.

Cash Flow

Cash flow generation is robust with a stable free cash flow over the years. The operating cash flow to net income ratio is strong, highlighting efficient cash management. However, the free cash flow growth rate has been inconsistent, indicating potential volatility in cash generation capabilities. The company should focus on maintaining consistent cash flow growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	106.70B	106.70B	96.47B	88.16B	65.70B	54.50B
Gross Profit	49.82B	49.82B	23.32B	41.19B	27.95B	20.07B
EBITDA	20.48B	21.02B	21.26B	19.64B	15.67B	11.61B
Net Income	12.67B	12.67B	13.04B	12.12B	9.57B	6.63B
Balance Sheet
Total Assets	96.44B	96.44B	84.89B	69.17B	60.91B	50.73B
Cash, Cash Equivalents and Short-Term Investments	27.05B	27.05B	26.84B	27.98B	20.66B	17.47B
Total Debt	5.78B	5.78B	6.59B	4.54B	4.77B	4.80B
Total Liabilities	35.46B	35.46B	31.41B	19.48B	19.15B	15.90B
Stockholders Equity	60.80B	60.80B	53.27B	44.35B	41.63B	34.73B
Cash Flow
Free Cash Flow	0.00	13.70B	12.40B	11.30B	8.44B	12.50B
Operating Cash Flow	0.00	14.81B	14.93B	13.05B	10.06B	13.27B
Investing Cash Flow	0.00	-5.09B	-2.33B	-5.72B	-4.48B	-10.05B
Financing Cash Flow	0.00	-7.18B	-6.58B	-4.43B	-4.98B	-3.63B

L&T Technology Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4061.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LTTS, the sentiment is Negative. The current price of 4061.05 is below the 20-day moving average (MA) of 4200.56, below the 50-day MA of 4236.23, and below the 200-day MA of 4535.13, indicating a bearish trend. The MACD of -20.39 indicates Positive momentum. The RSI at 37.17 is Neutral, neither overbought nor oversold. The STOCH value of 5.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LTTS.

L&T Technology Services Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TATATECH	74 Outperform	₹270.89B	39.53	18.91%	1.25%	―	―
KPITTECH	71 Outperform	₹332.43B	40.80	―	0.70%	17.09%	21.20%
COFORGE	68 Neutral	₹515.02B	51.63	12.73%	1.00%	44.02%	18.92%
MPHASIS	66 Neutral	₹502.81B	28.82	17.68%	2.16%	8.11%	10.73%
TATAELXSI	65 Neutral	₹330.21B	44.30	27.44%	1.42%	1.83%	-5.37%
LTTS	61 Neutral	₹430.39B	33.89	―	1.35%	12.91%	-2.97%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

L&T Technology Services Ltd. Corporate Events

L&T Technology Services Partners with SiMa.ai for AI Innovation

L&T Technology Services Limited has announced a strategic partnership with SiMa.ai, a leader in Physical AI, to drive innovation in Mobility, Healthcare, Industrial Automation, and Robotics. This collaboration leverages LTTS’s engineering expertise and SiMa.ai’s AI hardware and software solutions to accelerate the adoption of AI technology, enhance operational efficiency, and deliver scalable, high-performance solutions globally.

L&T Technology Services Schedules Investor Meetings

L&T Technology Services Limited has announced its schedule for Analyst and Institutional Investor Meetings, which will take place from August 11 to August 14, 2025. The company has shared a presentation that will be used during these meetings, indicating a proactive approach to engaging with investors and analysts, potentially impacting its market perception and investor relations.