NSE: LTTS · BSE: 540115 · ISIN INE010V01017
L&T Technology Services Limited stock analysis
L&T Technology Services Limited ranks #765 in the TickerSutra evidence-ranked universe with a score of 60/100 and 95% data confidence. The latest captured fundamentals show ROCE of 26.7%, quarterly sales growth of 11.5% and quarterly profit growth of 17.4%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 26.7%
- Low debt/equity of 0.09×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹6,570cr | ₹1,415cr | ₹961cr | 22.0% |
| 2023 | ₹8,014cr | ₹1,711cr | ₹1,174cr | 21.0% |
| 2024 | ₹9,647cr | ₹1,919cr | ₹1,306cr | 20.0% |
| 2025 | ₹9,642cr | ₹1,790cr | ₹1,264cr | 19.0% |
| 2026 | ₹10,996cr | ₹1,935cr | ₹1,281cr | 18.0% |
| TTM | ₹11,565cr | ₹2,059cr | ₹1,322cr | 18.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
L&T Technology Services Limited has informed the Exchange regarding Allotment of 8,725 Shares.
RoutineAlteration Of Capital and Fund Raising-XBRLNSE · 10 Sept 2026 · Structured filingL&T Technology Services Limited has informed the Exchange regarding Allotment of Securities
L&T Technology Services Limited has informed the Exchange regarding Allotment of Securities
Open original XBRL sourceIntimation attached for allotment of 8,725 shares.
MANAGEMENT COMMENTARY
Signals from filed documents
The realized rupee for Q1 was around ₹ 94.86 to the dollar, representing depreciation of 1.5% versus Q4. Margin outlook before concluding, let me talk about our margin outlook. We continue to expect sequential improvement in EBIT margins throughout the year, resulting from 3 factors: • Continued growth in our higher-margin Sustainability and Mobility business, along with improving margin outlook for Tech • Second, gr
We continue to expect sequential improvement in EBIT margins throughout the year, resulting from 3 factors: • Continued growth in our higher-margin Sustainability and Mobility business, along with improving margin outlook for Tech • Second, greater productivity through Engineering Intelligence-led delivery model; and • Continued focus on operational excellence and disciplined SG&A management With that, we remain on t
Sense real-world conditions across products and operations, Learn continuously to improve outcomes Act across digital and physical environments Decide using contextual, domain- aware intelligence Integrated Report Management Discussion and Analysis Statutory Reports Financial Statements 63 Integrated Annual Report 2025-26 LTTS’ financial capital encapsulates disciplined growth, strategic capital allocation, and stron
With that, I hand the call back to Amit to share the outlook. Before I conclude, let me briefly touch upon why we remain confident about the road ahead. It comes down to “Engineering Intelligence”.
The Company leverages its ability to cross-pollinate ideas across industries to address evolving client requirements and accelerate transformation across its Mobility segment. Operating across Automotive, Aerospace Engineering, Rail Transportation, and Trucks & Off-Highway Vehicles, LTTS partners with leading global OEMs and Tier 1s to develop differentiated products, solve complex engineering challenges, and enhance
This proactive approach helps maintain business continuity while safeguarding the well -being and security of our workforce. FC IC HC SRC NC Integrated Report Management Discussion and Analysis Statutory Reports Financial Statements 143 Integrated Annual Report 2025-26 Key Risks Mitigation Capital Impacted Regulatory non-compliance: Managing the evolving compliance requirements across multiple geographies and ensurin
Subrahmanyan Chairman His entrepreneurial mindset propelled L&T into untapped geographies, including the Middle East, Africa, and ASEAN, establishing the Company’s credentials globally. This has led to L&T being recognized among Asia’s Most Honored Companies by Institutional Investor, the Company of the Year by Business Standard in 2020, among the world’s best employers on the Forbes’ list and as a certified ‘Great P
Nomination and remuneration committee 2. Corporate Social Responsibility Committee Remuneration last drawn for (FY 2025-26) None Remuneration proposed to be paid Sitting fees to be paid for attending Board / Committee meetings and commission as may be approved by the Nomination and Remuneration Committee and the Board. Listed entities from which the person has resigned during the last three years None Number of Board
(I in million) FY2022 FY2023 FY2024 FY2025 FY2026 1,09,959 96,422 96,473 88,155 65,697 (I in million) FY2022 FY2023 FY2024 FY2025 FY2026 15,898 14,866 16,474 15,271 12,005 14.5% 15.4% 17.1%17.3% 18.3% Integrated Report Management Discussion and Analysis Statutory Reports Financial Statements 145 Integrated Annual Report 2025-26 Earnings per share trend for last 5 financial years (I / Share) FY2022 FY2023 FY2024 FY202
Our revenue from operations for fiscal 2026 in constant currency grew by 7 .7%. In terms of project type, revenue from time and material contracts (as a % of total revenue) for the period ended March 31, 2026 stood at 66.2 % as against 67.6% for the year ended March 31,2025 and revenue from fixed price contracts (as a % of total revenue) for the period ended March 31,2026 stood at 33.8% as against 32.4% for the year
We hope to build a strong, lasting relationship with each customer by fostering loyalty through exceptional service. Key Concerns Mode of Engagement Transparent performance management systems Skill development, career development, and welfare initiatives Inter-departmental and in-house magazines Townhalls Celebratory events Better services Competitive pricing and product quality Optimizing environmental performance I
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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