LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and PlantEngineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies.The business also provides digital engineering advisory services.The company went public on September 23, 2016. LTTS has 296 global clients in 25+ countries.[1][2][3][4][5]
Business Segments1) Tech (35% in 9M FY25 vs 33% in FY22):[1][2]The company provides services like software development, hardware design, product maintenance, testing, value analysis, manufacturing engineering, regulatory compliance, etc for MedTech, Semiconductors, Consumer Electronics, Hyperscalers, and Next-Gen Communication sectors. Segment revenue grew 6% YoY in 9M FY25, driven by MedTech, hyperscalers, and communication providers, with enhanced SWC capabilities.[3][4]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | L&T Technology | 4392.60 | 37.84 | 46545.51 | 1.25 | 307.20 | 4.85 | 2536.10 | 9.09 | 27.86 | 9921.90 | 18.10 | 1230.20 | 307.20 | 8.05 | 13.87 | 0.10 |
| 2. | Inventurus Knowl | 1694.90 | 47.61 | 29028.24 | 0.00 | 180.72 | 59.93 | 781.09 | 21.52 | 27.20 | 2902.31 | 31.55 | 609.74 | 180.72 | 12.98 | 16.71 | 0.34 |
| 3. | Tata Technolog. | 683.50 | 40.02 | 27743.26 | 1.22 | 165.50 | 5.14 | 1323.33 | 2.07 | 25.80 | 5170.65 | 16.93 | 693.29 | 165.50 | 7.78 | 11.06 | 0.07 |
| 4. | Affle 3i | 1799.80 | 60.41 | 25331.65 | 0.00 | 110.51 | 20.13 | 646.72 | 19.13 | 16.82 | 2471.38 | 22.30 | 419.30 | 110.51 | 7.77 | 11.09 | 0.01 |
| 5. | Sagility | 51.99 | 30.47 | 24338.23 | 0.10 | 250.83 | 113.76 | 1658.50 | 25.17 | 9.58 | 6218.99 | 24.55 | 798.87 | 250.83 | 2.74 | 5.08 | 0.14 |
| 6. | Netweb Technol. | 3368.40 | 141.58 | 19090.70 | 0.07 | 31.43 | 20.05 | 303.72 | 20.98 | 32.45 | 1353.57 | 14.29 | 134.84 | 31.43 | 32.98 | 15.15 | 0.03 |
| 7. | Cyient | 1176.90 | 23.16 | 13061.31 | 2.21 | 142.90 | -34.47 | 1781.00 | -3.68 | 16.58 | 7328.40 | 13.90 | 563.86 | 117.36 | 2.35 | 8.87 | 0.08 |
| – | Median: 61 Co. | 318.2 | 31.73 | 901.93 | 0.0 | 11.22 | 20.31 | 116.94 | 20.93 | 16.42 | 268.98 | 14.29 | 31.51 | 10.28 | 3.42 | 9.55 | 0.08 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,922 | 2,148 | 2,412 | 2,044 | 2,246 | 2,424 | 2,153 | 2,351 | 2,550 | 2,053 | 2,136 | 2,325 | 2,536 |
Expenses | 1,518 | 1,693 | 1,939 | 1,615 | 1,801 | 1,994 | 1,702 | 1,861 | 2,099 | 1,645 | 1,680 | 1,902 | 2,095 |
Operating Profit | 405 | 455 | 473 | 428 | 446 | 430 | 451 | 490 | 452 | 408 | 456 | 422 | 441 |
Other Income | 73 | 64 | 30 | 48 | 64 | 68 | 49 | 50 | 49 | 38 | 42 | 68 | 64 |
Profit before tax | 415 | 441 | 419 | 414 | 430 | 421 | 439 | 459 | 426 | 386 | 425 | 407 | 418 |
Tax % | 32% | 27% | 28% | 28% | 27% | 27% | 27% | 28% | 26% | 26% | 27% | 28% | 27% |
Net Profit | 281 | 321 | 301 | 300 | 313 | 308 | 323 | 329 | 314 | 286 | 308 | 293 | 307 |
EPS in Rs | 26.60 | 30.36 | 28.41 | 28.35 | 29.54 | 29.04 | 30.56 | 31.14 | 29.69 | 27.07 | 29.17 | 27.68 | 28.99 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 126 | 2,561 | 2,894 | 3,112 | 3,507 | 4,712 | 5,181 | 4,964 | 5,874 | 7,910 | 8,679 | 9,533 | 9,922 |
Expenses | 107 | 2,156 | 2,360 | 2,508 | 2,956 | 3,848 | 4,150 | 4,026 | 4,555 | 6,266 | 6,850 | 7,741 | 8,126 |
Operating Profit | 20 | 404 | 533 | 604 | 551 | 864 | 1,031 | 938 | 1,319 | 1,644 | 1,829 | 1,792 | 1,796 |
Other Income | -4 | 25 | 82 | 54 | 188 | 151 | 212 | 174 | 154 | 202 | 203 | 211 | 212 |
Interest | 3 | 3 | 2 | 1 | 0 | 1 | 35 | 44 | 39 | 40 | 48 | 55 | 61 |
Depreciation | 1 | 47 | 54 | 58 | 58 | 73 | 153 | 174 | 183 | 205 | 246 | 266 | 262 |
Profit before tax | 12 | 379 | 559 | 600 | 681 | 941 | 1,055 | 895 | 1,251 | 1,600 | 1,739 | 1,683 | 1,685 |
Net Profit | 6 | 315 | 436 | 449 | 489 | 700 | 790 | 673 | 918 | 1,153 | 1,258 | 1,221 | 1,230 |
EPS in Rs | 0.61 | 10.51 | 58.17 | 44.15 | 47.77 | 67.31 | 75.59 | 64.08 | 87.04 | 109.20 | 119.00 | 115.31 | 116.13 |
Dividend Payout % | -0% | 50% | 25% | 27% | 34% | 31% | 28% | 34% | 40% | 41% | 42% | 48% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 102 | 300 | 300 | 20 | 20 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
Reserves | -18 | 7 | 789 | 1,511 | 1,945 | 2,415 | 2,599 | 3,319 | 3,960 | 4,183 | 5,030 | 5,727 | 5,760 |
Borrowings | 449 | 905 | 113 | -0 | -0 | 43 | 24 | 472 | 448 | 424 | 627 | 535 | 578 |
Other Liabilities | 103 | 502 | 648 | 619 | 628 | 747 | 1,438 | 1,008 | 1,278 | 3,143 | 2,326 | 2,579 | 2,685 |
Total Liabilities | 637 | 1,714 | 1,850 | 2,150 | 2,593 | 3,226 | 4,082 | 4,820 | 5,708 | 7,772 | 8,005 | 8,862 | 9,044 |
Fixed Assets | 405 | 524 | 560 | 559 | 553 | 565 | 960 | 1,020 | 1,014 | 1,067 | 1,390 | 1,274 | 1,317 |
Gross Block | 434 | 681 | 644 | 693 | 731 | 794 | 1,353 | 1,546 | 1,658 | 1,889 | 2,244 | 2,270 | – |
Accumulated Depreciation | 29 | 157 | 83 | 134 | 178 | 229 | 393 | 527 | 643 | 822 | 854 | 996 | – |
CWIP | -0 | 0 | 14 | 2 | 0 | -0 | 9 | 12 | 10 | 6 | 13 | 28 | 8 |
Investments | -0 | 6 | 62 | 199 | 322 | 752 | 765 | 1,701 | 1,647 | 2,439 | 1,646 | 2,219 | 2,368 |
Other Assets | 232 | 1,184 | 1,214 | 1,390 | 1,717 | 1,908 | 2,348 | 2,088 | 3,037 | 4,259 | 4,956 | 5,341 | 5,351 |
Total Assets | 637 | 1,714 | 1,850 | 2,150 | 2,593 | 3,226 | 4,082 | 4,820 | 5,708 | 7,772 | 8,005 | 8,862 | 9,044 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -14 | 289 | 525 | 402 | 340 | 740 | 664 | 1,267 | 899 | 1,267 | 1,341 | 1,428 |
Cash from Investing Activity | -505 | -607 | -154 | -177 | -166 | -489 | -280 | -965 | -389 | -560 | -231 | -554 |
Cash from Financing Activity | 548 | 401 | -402 | -240 | -98 | -202 | -377 | -354 | -476 | -434 | -647 | -705 |
Net Cash Flow | 29 | 83 | -31 | -15 | 76 | 48 | 7 | -51 | 35 | 272 | 463 | 169 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 434 | 95 | 90 | 83 | 99 | 79 | 93 | 86 | 98 | 91 | 86 | 86 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 434 | 95 | 90 | 83 | 99 | 79 | 93 | 86 | 98 | 91 | 86 | 86 |
Working Capital Days | 108 | 52 | 30 | 72 | 86 | 56 | 68 | 45 | 51 | 8 | 41 | 36 |
ROCE % | 5% | 44% | 46% | 44% | 39% | 42% | 43% | 28% | 31% | 35% | 33% | 28% |
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