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

• Market Cap: ₹445.15B
• Dividend Yield: 1.32%
• Average Volume (3M): 9.16K
• Price to Earnings (P/E): 34.4
• Beta (1Y): 1.31
• Revenue Growth: 14.88%
• EPS Growth: -2.60%
• Country: IN
• Employees: 21,271
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 30.97
• Shares Outstanding: 105,985,695
• 10 Day Avg. Volume: 2,951
• 30 Day Avg. Volume: 9,157
• PEG Ratio: -12.92
• Price to Book (P/B): 7.94
• Price to Sales (P/S): 4.53
• P/FCF Ratio: 35.26
• 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: ₹4,449.00
• Price Target Upside: 6.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 62 Neutral
• Price Target: ₹4,446.00 ▲(6.57% Upside)

The overall stock score of 62 reflects strong financial health and efficient cash management as the most significant factors. However, technical indicators suggest potential bearish trends, and the valuation appears high, which could limit upside potential. The absence of earnings call data and corporate events means these factors did not influence the score.

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

Company Description

L&T Technology Services Ltd. (LTTS) is a leading global engineering services company that specializes in providing cutting-edge digital and engineering solutions across various sectors including transportation, industrial products, medical devices, telecom, and hi-tech. With a strong emphasis on innovation, LTTS offers a wide range of services such as product engineering, smart manufacturing, IoT (Internet of Things) solutions, and digital transformation services, catering to the evolving needs of its clients in a rapidly changing technological landscape.

How the Company Makes Money

LTTS generates revenue primarily through its engineering services and solutions, which include product design, development, and consulting in various technology domains. The company operates on a project-based model, where it charges clients for specific projects or retainer agreements. Key revenue streams include long-term contracts with major corporations in sectors like automotive, aerospace, and healthcare, which provide a steady income. Additionally, LTTS benefits from strategic partnerships with technology leaders and industry-specific collaborations that enhance its service offerings and expand its market reach. The company also invests in research and development to innovate new solutions, which helps in attracting a diverse clientele and maintaining a competitive edge in the engineering services market.

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	110.74B	106.70B	96.47B	88.16B	65.70B	54.50B
Gross Profit	51.26B	49.82B	23.32B	41.19B	17.18B	11.89B
EBITDA	21.14B	21.02B	21.26B	19.64B	15.67B	11.61B
Net Income	12.69B	12.67B	13.04B	12.12B	9.57B	6.63B
Balance Sheet
Total Assets	94.03B	96.44B	84.89B	81.98B	60.91B	50.73B
Cash, Cash Equivalents and Short-Term Investments	13.14B	25.25B	26.84B	27.98B	20.66B	17.47B
Total Debt	5.76B	5.78B	6.59B	4.54B	4.77B	4.80B
Total Liabilities	34.24B	35.46B	31.41B	37.45B	19.15B	15.90B
Stockholders Equity	59.61B	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: 4172.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 4172 is below the 20-day moving average (MA) of 4188.46, below the 50-day MA of 4207.35, and below the 200-day MA of 4465.09, indicating a bearish trend. The MACD of -8.08 indicates Positive momentum. The RSI at 47.27 is Neutral, neither overbought nor oversold. The STOCH value of 36.43 is Neutral, 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	73 Outperform	₹278.14B	40.11	―	1.21%	0.29%	7.17%
MPHASIS	69 Neutral	₹522.85B	29.38	―	2.02%	8.11%	10.73%
TATAELXSI	68 Neutral	₹345.38B	51.50	―	1.35%	-1.19%	-17.92%
COFORGE	66 Neutral	₹580.41B	58.18	―	0.87%	41.97%	38.73%
KPITTECH	66 Neutral	₹313.69B	38.50	―	0.72%	17.09%	21.20%
LTTS	62 Neutral	₹445.15B	34.40	―	1.32%	14.88%	-2.60%
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 Achieves Consecutive Supplier Excellence Recognition from Caterpillar

L&T Technology Services (LTTS) has been recertified at Caterpillar’s Supplier Excellence Recognition event for the second consecutive year, highlighting its consistent delivery, quality standards, and strategic relationship in the Mobility segment. This achievement underscores LTTS’s reliability and operational excellence in supporting Caterpillar’s global supply chain, furthering sustainability goals, and driving engineering innovation. The recognition reflects LTTS’s ability to meet strict criteria in quality assurance, timely delivery, and innovation, reinforcing its position as a strategic supplier to Caterpillar.

L&T Technology Services and Siemens Collaborate for AI-Driven Transformation

L&T Technology Services has announced an expanded partnership with Siemens Limited to drive AI-led transformation in process engineering and smart manufacturing. This collaboration aims to leverage Siemens’ digital technology portfolio to deliver simulation-driven automation and IIoT-enabled solutions, enhancing LTTS’ Sustainability segment. The partnership is expected to accelerate digital adoption, improve precision in system design, and foster smarter decision-making, positioning LTTS at the forefront of creating intelligent and environmentally responsible industrial ecosystems.

L&T Technology Services Allots Shares Under Employee Stock Option Scheme

L&T Technology Services Limited announced the allotment of 6,775 equity shares to employees who exercised their stock options under the company’s Employee Stock Option Scheme, 2016. This move is part of the company’s ongoing efforts to incentivize and retain talent, ensuring that the newly allotted shares will hold the same rights as existing shares, thereby maintaining equity consistency and potentially enhancing employee engagement.

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.