L&T Technology Services Ltd

About L&T Technology Services Ltd

L&T Technology Services Ltd (LTTS) is a leading global pure-play engineering research and development (ER&D) services company. It offers disruptive engineering solutions across the product development lifecycle to clients across diverse industries, leveraging its expertise in digital engineering, IoT, and embedded systems.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. L&T Technology Services Ltd's P/E ratio (TTM) is 32.86, compared to the industry median of 18.32 and large cap median of 34.27.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. L&T Technology Services Ltd's P/B ratio is 5.86, compared to the industry median of 2.48 and large cap median of 6.10.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. L&T Technology Services Ltd's P/S ratio is 3.45, compared to the industry median of 2.21 and large cap median of 4.09.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. L&T Technology Services Ltd's PEG ratio is 1.88.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. L&T Technology Services Ltd's EV/EBITDA ratio is 17.27.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. L&T Technology Services Ltd's ROE is 19.79%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. L&T Technology Services Ltd's ROA is 18.45%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. L&T Technology Services Ltd's ROCE is 27%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. L&T Technology Services Ltd's operating margin is 17.60%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. L&T Technology Services Ltd's net margin is 11.65%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. L&T Technology Services Ltd's current ratio is 1.84.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. L&T Technology Services Ltd's debt-to-equity ratio is 0.09.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. L&T Technology Services Ltd's interest coverage ratio is 27.97.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. L&T Technology Services Ltd's DPS is ₹57.93.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. L&T Technology Services Ltd's EPS is 0.87.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹3578.90. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 2012
• Headquarters: Vadodara, Gujarat
• Core Offerings: Digital Manufacturing, Embedded Systems, Product Engineering, Plant Engineering, ADAS & Autonomous Driving
• Stock Listing: NSE (LTTS), BSE (540115)
• Promoter: Larsen & Toubro Limited

History of L&T Technology Services Ltd

L&T Technology Services Limited was incorporated in 2012 as a subsidiary of Larsen & Toubro Limited, consolidating its parent company's engineering services expertise. It commenced operations in 2013 by acquiring certain assets from L&T's Integrated Engineering Services business. The company successfully went public with an IPO in 2016, listing on NSE and BSE. Since then, LTTS has expanded its global footprint and service capabilities through organic growth and strategic acquisitions, establishing itself as a global leader in pure-play ER&D services.

Business Segments and Revenue Mix

• Transportation: Focuses on automotive, aerospace, and off-highway sectors, offering services in ADAS, autonomous driving, electric vehicles, and embedded systems.
• Industrial Products: Provides engineering solutions for industrial machinery, energy management, smart factories, and robotics, catering to diverse manufacturing needs.
• Plant Engineering: Offers comprehensive engineering and design services for process industries like oil & gas, chemicals, and power, covering the entire lifecycle from concept to commissioning.
• Medical Devices: Specializes in product development, regulatory compliance, and digital health solutions for medical equipment manufacturers.
• Telecom & Hi-Tech: Delivers services in 5G, network transformation, semiconductor design, and consumer electronics, supporting next-generation communication and technology advancements.

Key Personnel

Mr. Amit Chadha: CEO & Managing Director. Over 25 years of experience in the engineering and technology services industry, instrumental in LTTS's growth strategy and digital transformation initiatives. Mr. S.N. Subrahmanyan: Chairman. Whole-time Director and Chairman of L&T Group, brings extensive experience in infrastructure and project management.

Subsidiaries and Associate Companies

• L&T Technology Services LLC (USA)
• Graphene Semiconductor Services Private Limited (India)
• Esencia Technologies Inc. (USA)
• Orion Engineering Services Inc. (USA)

Corporate Actions

Notable acquisitions include Graphene Semiconductor Services Private Limited (2019), Esencia Technologies Inc. (2021), Orion Engineering Services Inc. (2022), and Smart World & Communication FZ LLC (2023). No major bonus or rights issues on record recently.

References

1. Annual Report FY24 2. Exchange Filings (NSE/BSE) 3. Financial Results Announcement