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68% Sell

L&T Tech Share Price

LTTS

₹4,471.70+₹17.20 (0.39%) TodayLast updated on 18 May, 2024 | 09:36 AM IST
₹4,458.00₹4,489.10
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Company overview

Financial performance

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Market cap

Market Cap Switch₹47,391 Cr

Open

₹4,470.00

Close

₹4,454.50

Circuit range

₹4,677.20 - ₹4,231.80

Day range

₹4,458.00 - ₹4,489.10

Year range

₹3,744.00 - ₹5,873.35

Volume

2,957

Avg. traded

₹4,472.39

Revenue (12m)

₹9,647 Cr

L&T Tech

L&T Technology Services Limited is an Indian company headquartered in Vadodara, Gujarat. It is a major player in engineering and R&D (ER&D) services globally. LTTS operates as a publicly listed subsidiary of Larsen & Toubro Limited, an Indian conglomerate with operations in 30 countries.

The market capitalisation of L&T Technology Services Limited is over ₹56,400 crores as of January 10, 2023. The share price of L&T Technology Services Limited has gained over 110% in the last three years.

Business operations

L&T Technology Services Limited's (LTTS) services include product design, analysis, prototyping, testing, embedded system design, manufacturing engineering, plant and construction engineering, asset information management and support for engineering processes. LTTS operates globally within five primary sectors: transportation, telecom and hi-tech, industrial products, plant engineering and medical devices. Across these verticals, it delivers top-notch ER&D.

The transportation segment is the company's biggest revenue contributor, accounting for 34.6% of the company's total revenue in FY23. The telecom and hi-tech segment was the second-largest, contributing 19.4% to the company's overall revenue in the same fiscal year. The industrial products segment was third in size and contributed 19% to the company's total revenue in FY23.

It has filed 1,198 patents and established 102 innovation and R&D design centres, catering to 57 of the top global R&D spenders. LTTS has a workforce of 23,800 employees worldwide, delivering the company’s services to 362 global customers. 57 customers rank among the top 100 R&D spenders globally. LTTS also maintains a 90% rate of repeat business.

L&T Technology Services collaborates with a range of top enterprises to optimise their technology investments. It provides innovative digital transformation solutions that effectively tackle intricate business obstacles. Some of the most notable names of the company's collaborators are Microsoft, Google, Intel, Qualcomm and Nvidia.

The company acquired L&T's Smart World and Communication (SWC) business unit in FY23. This strategic step aimed to merge fresh solutions in Next-Gen Communications, sustainable smart world initiatives and cybersecurity on a global scale. SWC engages in network design, planning, implementation and management. This includes setting up network operation centres, OSS work, data centres and cloud/private 5G deployment. This results in comprehensive network connectivity and contributes to public safety projects.

L&T Technology Services Limited inaugurated an engineering research & development centre in Toronto, Canada, to expand its business operations globally in 2023. It also established two new design and prototyping centres in Peoria, US, and a centre of excellence in India. It unveiled an R&D centre in Krakow, Poland, intending to serve customers in the automotive, mobility and hi-tech sectors across Europe and North America.

LTTS also opened its engineering design centre in Toulouse, France. This facility focuses on meeting the digital demands of the global aerospace and defence industries. It specialises in offering comprehensive solutions for aerospace design and manufacturing processes.

Financial Highlights

– L&T Technology’s revenue from operations for FY23 stood at ₹8,013.6 crore, up by 22% compared to ₹6,569.7 crore in FY22. – The net profit after tax for FY23 was ₹1,174.1 crore compared to ₹960.6 crore during the previous year. – In FY23, the earnings before interest and tax (EBIT) increased to ₹1,479.2 crore from the previous year's ₹1,200.5 crore. – The company's earnings per share (EPS) stood at ₹110.8 in FY23 compared to ₹90.9 in the previous financial year.

L&T Tech Key indicators

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52 week high

₹5,873.35

52 week low

₹3,744.00

P/E ratio

36.64

P/B ratio

8.76

ROE

25.95%

ROCE

36.83%

Dividend yield

1.13%

Debt/Equity ratio

EPS

105.25

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Sell

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Buy

5%

Hold

27%

Sell

68%

This analysis is based on the reviews of 22 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

25.31%

Net profit margin

15.62%

ROE

25.95%

ROA

18.25%

ROCE

36.83%

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L&T Tech Shareholder returns

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1 day

+1.14%

1 week

+2.40%

1 month

-15.22%

3 months

-17.48%

1 year

+17.14%

3 years

+77.49%

5 years

+162.38%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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L&T Tech Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (73.74%)

Mutual Funds (2.85%)

Retail and other (8.65%)

Foreign institutions-FII (5.52%)

Other domestic institutions (9.23%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹17/share

    Ex date 27 Oct 2023

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  • Dividend • ₹30/share

    Ex date 07 Jul 2023

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  • Dividend • ₹15/share

    Ex date 27 Oct 2022

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  • Dividend • ₹15/share

    Ex date 07 Jul 2022

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  • Dividend • ₹10/share

    Ex date 25 Jan 2022

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  • Dividend • ₹10/share

    Ex date 26 Oct 2021

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  • Dividend • ₹33/share

    Ex date

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Frequently asked questions