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

• Market Cap: ₹436.70B
• Dividend Yield: 1.34%
• Average Volume (3M): 2.96K
• Price to Earnings (P/E): 34.4
• Beta (1Y): 1.29
• Revenue Growth: 12.91%
• EPS Growth: -2.97%
• Country: IN
• Employees: 21,271
• Sector: Technology
• Sector Strength: 82
• Industry: Information Technology Services
• EPS (TTM): 29.77
• Shares Outstanding: 105,978,920
• 10 Day Avg. Volume: 4,469
• 30 Day Avg. Volume: 2,964
• 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: ₹4,590.67
• Price Target Upside: 11.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 61 Neutral
• Price Target: ₹4,616.00 ▲(12.02% Upside)

The overall stock score of 61 reflects strong financial health and efficient cash management, but is tempered by weak technical indicators and a high valuation. The company's consistent revenue growth and solid balance sheet are positive, but the negative EBIT in 2025 and bearish market trends suggest caution. The high P/E ratio indicates potential overvaluation, limiting upside potential.

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

Company Description

L&T Technology Services Ltd. (LTTS) is a global engineering services company that operates across multiple sectors, including transportation, industrial products, telecom and hi-tech, medical devices, and plant engineering. The company offers a wide range of engineering services such as product development, process engineering, and digital solutions, helping clients innovate and enhance their product offerings.

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: 4120.60
• 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 4120.6 is below the 20-day moving average (MA) of 4211.15, below the 50-day MA of 4280.97, and below the 200-day MA of 4612.91, indicating a bearish trend. The MACD of -25.05 indicates Positive momentum. The RSI at 38.00 is Neutral, neither overbought nor oversold. The STOCH value of 6.38 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
MPHASIS	73 Outperform	₹531.64B	30.48		2.04%	8.11%	10.73%
KPITTECH	71 Outperform	₹337.76B	41.46		0.69%	17.09%	21.20%
TATATECH	69 Neutral	₹272.76B	39.81		1.24%	―	―
COFORGE	66 Neutral	₹554.76B	55.62		0.93%	44.02%	18.92%
TATAELXSI	65 Neutral	₹339.73B	45.58		1.38%	1.83%	-5.37%
Sector *	61 Neutral	$35.55B	8.91	-10.55%	1.87%	8.47%	-8.26%
LTTS	61 Neutral	₹436.70B	34.38		1.34%	12.91%	-2.97%

L&T Technology Services Ltd. Corporate Events

L&T Technology Services Opens New Engineering Design Center in Texas

L&T Technology Services has launched a new Engineering Design Center in Plano, Texas, aimed at advancing AI, technology, and digital manufacturing. The facility, which is ITAR-compliant, will focus on designing and developing defense-related products and systems, as well as advanced cybersecurity solutions. It is expected to create over 350 high-skilled jobs, emphasizing the company’s commitment to expanding its nearshore capabilities and meeting the evolving needs of its clients.

L&T Technology Services Secures USD 50 Million Agreement in Sustainability

L&T Technology Services Ltd has secured a significant agreement valued at over USD 50 million with a leading global energy company, focusing on the Sustainability segment. This five-year partnership positions LTTS as the exclusive global engineering partner for Enterprise Data and Digital Services, emphasizing the client’s commitment to sustainability and digital transformation. The deal, which builds on a decade-long relationship, will see LTTS leverage its expertise in engineering, manufacturing services, and digital transformation to enhance the client’s operational excellence and support their digital transformation efforts.