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Last Updated: February 18, 2026, 6:51 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540115 | NSE: LTTS

L&T Technology Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 18, 2026, 6:51 pm

Market Cap 36,970 Cr.
Current Price 3,500
Intrinsic Value₹3,212.20
High / Low 5,159/3,451
Stock P/E28.8
Book Value 584
Dividend Yield1.57 %
ROCE28.3 %
ROE22.2 %
Face Value 2.00
PEG Ratio4.90

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for L&T Technology Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
N2N Technologies Ltd 9.20 Cr. 28.5 42.2/14.26.05 21.30.00 %4.04 %24.0 % 10.0
eMudhra Ltd 4,005 Cr. 483 908/45939.0 98.20.26 %15.3 %12.1 % 5.00
BNR Udyog Ltd 11.7 Cr. 39.0 90.0/33.0 32.90.00 %10.0 %5.52 % 10.0
BLS E-Services Ltd 1,511 Cr. 167 233/13127.0 55.50.60 %15.8 %11.0 % 10.0
BGIL Films & Technologies Ltd 11.3 Cr. 10.0 24.7/6.31 16.70.00 %0.34 %0.88 % 10.0
Industry Average6,536.13 Cr569.6326.09189.830.50%19.34%20.92%7.41

All Competitor Stocks of L&T Technology Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,1572,3712,3012,3862,4222,5382,4622,5732,6532,9822,8662,9802,924
Expenses 1,7211,8901,8491,9111,9342,0352,0062,1072,1582,5072,4042,4892,410
Operating Profit 436480453476488503456466495476462491514
OPM % 20%20%20%20%20%20%19%18%19%16%16%16%18%
Other Income 745048416256626534496866-2
Interest 12111213131313121616161615
Depreciation 59575768727573787382819387
Profit before tax 439462431436466471433441440427432448410
Tax % 32%26%28%28%28%28%27%27%27%27%27%27%26%
Net Profit 298341312316337341314320320310316329303
EPS in Rs 28.1132.2029.4429.8431.7932.2429.6330.2030.4529.3829.7931.0128.55

Last Updated: February 5, 2026, 6:09 am

Below is a detailed analysis of the quarterly data for L&T Technology Services Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 2,924.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,980.00 Cr. (Sep 2025) to 2,924.00 Cr., marking a decrease of 56.00 Cr..
  • For Expenses, as of Dec 2025, the value is 2,410.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,489.00 Cr. (Sep 2025) to 2,410.00 Cr., marking a decrease of 79.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 514.00 Cr.. The value appears strong and on an upward trend. It has increased from 491.00 Cr. (Sep 2025) to 514.00 Cr., marking an increase of 23.00 Cr..
  • For OPM %, as of Dec 2025, the value is 18.00%. The value appears strong and on an upward trend. It has increased from 16.00% (Sep 2025) to 18.00%, marking an increase of 2.00%.
  • For Other Income, as of Dec 2025, the value is -2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 66.00 Cr. (Sep 2025) to -2.00 Cr., marking a decrease of 68.00 Cr..
  • For Interest, as of Dec 2025, the value is 15.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 16.00 Cr. (Sep 2025) to 15.00 Cr., marking a decrease of 1.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 87.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 93.00 Cr. (Sep 2025) to 87.00 Cr., marking a decrease of 6.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 410.00 Cr.. The value appears to be declining and may need further review. It has decreased from 448.00 Cr. (Sep 2025) to 410.00 Cr., marking a decrease of 38.00 Cr..
  • For Tax %, as of Dec 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Sep 2025) to 26.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 303.00 Cr.. The value appears to be declining and may need further review. It has decreased from 329.00 Cr. (Sep 2025) to 303.00 Cr., marking a decrease of 26.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 28.55. The value appears to be declining and may need further review. It has decreased from 31.01 (Sep 2025) to 28.55, marking a decrease of 2.46.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:04 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,6193,0663,2483,7475,0785,6195,4506,5708,8169,64710,67011,481
Expenses 2,2202,5472,6633,1724,1644,5094,4425,1557,0557,7288,7789,558
Operating Profit 3995195865769151,1101,0071,4151,7611,9191,8921,923
OPM % 15%17%18%15%18%20%18%22%20%20%18%17%
Other Income 258458193223209154152203207210216
Interest 3222236464444515664
Depreciation 48596289104183218214234272305328
Profit before tax 3725425796781,0311,1008971,3091,6861,8041,7411,748
Tax % 16%23%27%25%26%25%26%27%28%28%27%
Net Profit 3114194255077688226669611,2161,3061,2641,275
EPS in Rs 10.3655.8841.7849.3973.6178.3363.1490.68114.77123.28119.64120.63
Dividend Payout % 50%26%29%32%29%27%35%39%39%41%46%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)34.73%1.43%19.29%51.48%7.03%-18.98%44.29%26.53%7.40%-3.22%
Change in YoY Net Profit Growth (%)0.00%-33.29%17.86%32.19%-44.45%-26.01%63.27%-17.76%-19.13%-10.62%

L&T Technology Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:14%
3 Years:18%
TTM:13%
Compounded Profit Growth
10 Years:15%
5 Years:9%
3 Years:11%
TTM:-3%
Stock Price CAGR
10 Years:%
5 Years:22%
3 Years:5%
1 Year:-26%
Return on Equity
10 Years:27%
5 Years:25%
3 Years:25%
Last Year:22%

Last Updated: September 5, 2025, 9:30 am

Balance Sheet

Last Updated: February 1, 2026, 12:58 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 30030020202121212121212121
Reserves 27661,4651,9162,4582,7483,4524,1414,4145,3066,0596,168
Borrowings 969196102707030480477454659578630
Other Liabilities 5076816446968021,5041,1131,4383,2952,4972,9702,913
Total Liabilities 1,7781,9422,2322,7023,3524,3035,0666,0778,1848,4839,6279,732
Fixed Assets 5696216147097801,1741,2821,2831,3031,6132,2452,295
CWIP 01420-091210613288
Investments -0561952215756421,5151,4782,2841,4931,3101,385
Other Assets 1,2081,2521,4211,7721,9972,4792,2573,3074,5905,3656,0456,044
Total Assets 1,7781,9422,2322,7023,3524,3035,0666,0778,1848,4839,6279,732

Below is a detailed analysis of the balance sheet data for L&T Technology Services Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 21.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 21.00 Cr..
  • For Reserves, as of Sep 2025, the value is 6,168.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,059.00 Cr. (Mar 2025) to 6,168.00 Cr., marking an increase of 109.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 630.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 578.00 Cr. (Mar 2025) to 630.00 Cr., marking an increase of 52.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 2,913.00 Cr.. The value appears to be improving (decreasing). It has decreased from 2,970.00 Cr. (Mar 2025) to 2,913.00 Cr., marking a decrease of 57.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 9,732.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,627.00 Cr. (Mar 2025) to 9,732.00 Cr., marking an increase of 105.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 2,295.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,245.00 Cr. (Mar 2025) to 2,295.00 Cr., marking an increase of 50.00 Cr..
  • For CWIP, as of Sep 2025, the value is 8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 28.00 Cr. (Mar 2025) to 8.00 Cr., marking a decrease of 20.00 Cr..
  • For Investments, as of Sep 2025, the value is 1,385.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,310.00 Cr. (Mar 2025) to 1,385.00 Cr., marking an increase of 75.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 6,044.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,045.00 Cr. (Mar 2025) to 6,044.00 Cr., marking a decrease of 1.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 9,732.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,627.00 Cr. (Mar 2025) to 9,732.00 Cr., marking an increase of 105.00 Cr..

Notably, the Reserves (6,168.00 Cr.) exceed the Borrowings (630.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2895443884098066381,3321,0061,3131,4931,481
Cash from Investing Activity + -667-176-178-196-509-222-1,005-448-578-233-509
Cash from Financing Activity + 464-383-222-132-245-406-363-498-445-658-718
Net Cash Flow 86-15-12815210-3660290602254

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-570.00323.00484.00506.00845.00-29.00-479.00-476.00-453.00-658.00-577.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9686809476908394898286
Inventory Days
Days Payable
Cash Conversion Cycle 9686809476908394898286
Working Capital Days 6718487052664449113832
ROCE %43%41%38%45%43%27%31%36%34%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters 73.85%73.85%73.80%73.77%73.75%73.74%73.69%73.69%73.66%73.66%73.59%73.58%
FIIs 7.22%6.69%5.31%5.89%5.63%5.52%4.46%4.35%4.19%5.18%4.84%4.67%
DIIs 7.69%8.41%10.37%10.77%11.33%12.09%13.07%13.72%14.30%13.67%13.86%14.13%
Public 11.24%11.06%10.51%9.55%9.29%8.65%8.77%8.24%7.85%7.47%7.69%7.63%
No. of Shareholders 2,88,9612,97,5692,84,6462,66,5712,57,3962,43,3742,54,7322,36,0002,31,0672,19,5732,23,3182,21,811

Shareholding Pattern Chart

No. of Shareholders

L&T Technology Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Midcap Fund 1,000,000 1.91 446.22N/AN/AN/A
ICICI Prudential Technology Fund 381,678 1.07 170.31451,6782026-01-26 00:19:31-15.5%
Sundaram Mid Cap Fund 328,327 1.1 146.51358,3822026-01-25 04:13:21-8.39%
SBI Dividend Yield Fund 320,000 1.57 142.79320,0002025-04-22 17:25:280%
Axis Midcap Fund 306,004 0.43 136.55239,2342026-01-26 05:00:1127.91%
HDFC Multi Cap Fund 254,301 0.57 113.47188,6672026-01-25 00:37:4134.79%
SBI Technology Opportunities Fund 200,000 1.71 89.24N/AN/AN/A
Canara Robeco Mid Cap Fund 167,267 1.83 74.64130,0532025-12-15 01:31:0128.61%
SBI ESG Exclusionary Strategy Fund 165,000 1.29 73.63200,0002025-12-15 01:31:01-17.5%
Bandhan Large & Mid Cap Fund 116,184 0.38 51.84N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 119.70123.34110.8090.9263.32
Diluted EPS (Rs.) 119.44123.34110.4890.7462.90
Cash EPS (Rs.) 148.00148.86133.23111.3784.27
Book Value[Excl.RevalReserv]/Share (Rs.) 573.58502.56470.99395.85331.73
Book Value[Incl.RevalReserv]/Share (Rs.) 573.58502.56470.99395.85331.73
Revenue From Operations / Share (Rs.) 1006.61910.12759.58622.72519.02
PBDIT / Share (Rs.) 198.35200.59181.87148.56110.58
PBIT / Share (Rs.) 169.55174.97159.92128.2489.79
PBT / Share (Rs.) 164.22170.17155.80124.0985.46
Net Profit / Share (Rs.) 119.20123.24111.2991.0563.48
NP After MI And SOA / Share (Rs.) 119.50122.99110.8890.7163.17
PBDIT Margin (%) 19.7022.0423.9423.8521.30
PBIT Margin (%) 16.8419.2221.0520.5917.30
PBT Margin (%) 16.3118.6920.5119.9216.46
Net Profit Margin (%) 11.8413.5414.6514.6212.23
NP After MI And SOA Margin (%) 11.8713.5114.5914.5612.17
Return on Networth / Equity (%) 20.8324.4723.6222.9919.09
Return on Capital Employeed (%) 27.0131.1631.2228.7123.72
Return On Assets (%) 13.1315.3516.9115.7113.07
Asset Turnover Ratio (%) 1.181.251.131.091.09
Current Ratio (X) 2.162.463.403.143.19
Quick Ratio (X) 2.162.453.403.143.19
Inventory Turnover Ratio (X) 2963.920.000.000.000.00
Dividend Payout Ratio (NP) (%) 41.7738.0927.0737.9633.13
Dividend Payout Ratio (CP) (%) 33.6631.5322.6031.0124.93
Earning Retention Ratio (%) 58.2361.9172.9362.0466.87
Cash Earning Retention Ratio (%) 66.3468.4777.4068.9975.07
Interest Coverage Ratio (X) 37.2141.7744.1135.8625.52
Interest Coverage Ratio (Post Tax) (X) 23.3626.6627.9922.9815.65
Enterprise Value (Cr.) 46161.2456720.8534950.1853166.1327652.80
EV / Net Operating Revenue (X) 4.335.884.368.095.07
EV / EBITDA (X) 21.9626.6818.2233.9223.82
MarketCap / Net Operating Revenue (X) 4.476.024.458.195.12
Retention Ratios (%) 58.2261.9072.9262.0366.86
Price / BV (X) 7.8510.907.2012.938.03
Price / Net Operating Revenue (X) 4.476.024.458.195.12
EarningsYield 0.020.020.030.010.02

After reviewing the key financial ratios for L&T Technology Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 119.70. This value is within the healthy range. It has decreased from 123.34 (Mar 24) to 119.70, marking a decrease of 3.64.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 119.44. This value is within the healthy range. It has decreased from 123.34 (Mar 24) to 119.44, marking a decrease of 3.90.
  • For Cash EPS (Rs.), as of Mar 25, the value is 148.00. This value is within the healthy range. It has decreased from 148.86 (Mar 24) to 148.00, marking a decrease of 0.86.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 573.58. It has increased from 502.56 (Mar 24) to 573.58, marking an increase of 71.02.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 573.58. It has increased from 502.56 (Mar 24) to 573.58, marking an increase of 71.02.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,006.61. It has increased from 910.12 (Mar 24) to 1,006.61, marking an increase of 96.49.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 198.35. This value is within the healthy range. It has decreased from 200.59 (Mar 24) to 198.35, marking a decrease of 2.24.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 169.55. This value is within the healthy range. It has decreased from 174.97 (Mar 24) to 169.55, marking a decrease of 5.42.
  • For PBT / Share (Rs.), as of Mar 25, the value is 164.22. This value is within the healthy range. It has decreased from 170.17 (Mar 24) to 164.22, marking a decrease of 5.95.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 119.20. This value is within the healthy range. It has decreased from 123.24 (Mar 24) to 119.20, marking a decrease of 4.04.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 119.50. This value is within the healthy range. It has decreased from 122.99 (Mar 24) to 119.50, marking a decrease of 3.49.
  • For PBDIT Margin (%), as of Mar 25, the value is 19.70. This value is within the healthy range. It has decreased from 22.04 (Mar 24) to 19.70, marking a decrease of 2.34.
  • For PBIT Margin (%), as of Mar 25, the value is 16.84. This value is within the healthy range. It has decreased from 19.22 (Mar 24) to 16.84, marking a decrease of 2.38.
  • For PBT Margin (%), as of Mar 25, the value is 16.31. This value is within the healthy range. It has decreased from 18.69 (Mar 24) to 16.31, marking a decrease of 2.38.
  • For Net Profit Margin (%), as of Mar 25, the value is 11.84. This value exceeds the healthy maximum of 10. It has decreased from 13.54 (Mar 24) to 11.84, marking a decrease of 1.70.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 11.87. This value is within the healthy range. It has decreased from 13.51 (Mar 24) to 11.87, marking a decrease of 1.64.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 20.83. This value is within the healthy range. It has decreased from 24.47 (Mar 24) to 20.83, marking a decrease of 3.64.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 27.01. This value is within the healthy range. It has decreased from 31.16 (Mar 24) to 27.01, marking a decrease of 4.15.
  • For Return On Assets (%), as of Mar 25, the value is 13.13. This value is within the healthy range. It has decreased from 15.35 (Mar 24) to 13.13, marking a decrease of 2.22.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.18. It has decreased from 1.25 (Mar 24) to 1.18, marking a decrease of 0.07.
  • For Current Ratio (X), as of Mar 25, the value is 2.16. This value is within the healthy range. It has decreased from 2.46 (Mar 24) to 2.16, marking a decrease of 0.30.
  • For Quick Ratio (X), as of Mar 25, the value is 2.16. This value exceeds the healthy maximum of 2. It has decreased from 2.45 (Mar 24) to 2.16, marking a decrease of 0.29.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 2,963.92. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 2,963.92, marking an increase of 2,963.92.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 41.77. This value is within the healthy range. It has increased from 38.09 (Mar 24) to 41.77, marking an increase of 3.68.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 33.66. This value is within the healthy range. It has increased from 31.53 (Mar 24) to 33.66, marking an increase of 2.13.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 58.23. This value is within the healthy range. It has decreased from 61.91 (Mar 24) to 58.23, marking a decrease of 3.68.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 66.34. This value is within the healthy range. It has decreased from 68.47 (Mar 24) to 66.34, marking a decrease of 2.13.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 37.21. This value is within the healthy range. It has decreased from 41.77 (Mar 24) to 37.21, marking a decrease of 4.56.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 23.36. This value is within the healthy range. It has decreased from 26.66 (Mar 24) to 23.36, marking a decrease of 3.30.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 46,161.24. It has decreased from 56,720.85 (Mar 24) to 46,161.24, marking a decrease of 10,559.61.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.33. This value exceeds the healthy maximum of 3. It has decreased from 5.88 (Mar 24) to 4.33, marking a decrease of 1.55.
  • For EV / EBITDA (X), as of Mar 25, the value is 21.96. This value exceeds the healthy maximum of 15. It has decreased from 26.68 (Mar 24) to 21.96, marking a decrease of 4.72.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.47. This value exceeds the healthy maximum of 3. It has decreased from 6.02 (Mar 24) to 4.47, marking a decrease of 1.55.
  • For Retention Ratios (%), as of Mar 25, the value is 58.22. This value is within the healthy range. It has decreased from 61.90 (Mar 24) to 58.22, marking a decrease of 3.68.
  • For Price / BV (X), as of Mar 25, the value is 7.85. This value exceeds the healthy maximum of 3. It has decreased from 10.90 (Mar 24) to 7.85, marking a decrease of 3.05.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.47. This value exceeds the healthy maximum of 3. It has decreased from 6.02 (Mar 24) to 4.47, marking a decrease of 1.55.
  • For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of L&T Technology Services Ltd as of February 18, 2026 is: ₹3,033.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 18, 2026, L&T Technology Services Ltd is Overvalued by 13.31% compared to the current share price ₹3,500.00

Intrinsic Value of L&T Technology Services Ltd as of February 18, 2026 is: ₹3,212.20

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 18, 2026, L&T Technology Services Ltd is Overvalued by 8.22% compared to the current share price ₹3,500.00

Last 5 Year EPS CAGR: 5.87%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 33.27%, which is a positive sign.
  2. The company has higher reserves (3,241.25 cr) compared to borrowings (392.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (5.83 cr) and profit (256.25 cr) over the years.
  1. The stock has a high average Working Capital Days of 45.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 86.91, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in L&T Technology Services Ltd:
    1. Net Profit Margin: 11.84%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 27.01% (Industry Average ROCE: 19.34%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.83% (Industry Average ROE: 20.92%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 23.36
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.16
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 28.8 (Industry average Stock P/E: 26.09)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

L&T Technology Services Ltd. is a Public Limited Listed company incorporated on 14/06/2012 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72900MH2012PLC232169 and registration number is 232169. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 9533.10 Cr. and Equity Capital is Rs. 21.20 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Enabled ServicesL&T House, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. S N SubrahmanyanChairman
Mr. Amit ChadhaManaging Director & CEO
Mr. Abhishek SinhaExecutive Director & President
Mr. Alind SaxenaExecutive Director & President
Dr. Keshab PandaNon Executive Director
Mr. Sudip BanerjeeIndependent Director
Mr. Narayanan KumarIndependent Director
Mr. Luis MirandaIndependent Director
Ms. Apurva PurohitIndependent Director
Mr. Chandrasekaran RamakrishnanIndependent Director
Ms. Aruna SundararajanIndependent Director

FAQ

What is the intrinsic value of L&T Technology Services Ltd?

L&T Technology Services Ltd's intrinsic value (as of 18 February 2026) is ₹3212.20 which is 8.22% lower the current market price of ₹3,500.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹36,970 Cr. market cap, FY2025-2026 high/low of ₹5,159/3,451, reserves of ₹6,168 Cr, and liabilities of ₹9,732 Cr.

What is the Market Cap of L&T Technology Services Ltd?

The Market Cap of L&T Technology Services Ltd is 36,970 Cr..

What is the current Stock Price of L&T Technology Services Ltd as on 18 February 2026?

The current stock price of L&T Technology Services Ltd as on 18 February 2026 is ₹3,500.

What is the High / Low of L&T Technology Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of L&T Technology Services Ltd stocks is ₹5,159/3,451.

What is the Stock P/E of L&T Technology Services Ltd?

The Stock P/E of L&T Technology Services Ltd is 28.8.

What is the Book Value of L&T Technology Services Ltd?

The Book Value of L&T Technology Services Ltd is 584.

What is the Dividend Yield of L&T Technology Services Ltd?

The Dividend Yield of L&T Technology Services Ltd is 1.57 %.

What is the ROCE of L&T Technology Services Ltd?

The ROCE of L&T Technology Services Ltd is 28.3 %.

What is the ROE of L&T Technology Services Ltd?

The ROE of L&T Technology Services Ltd is 22.2 %.

What is the Face Value of L&T Technology Services Ltd?

The Face Value of L&T Technology Services Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in L&T Technology Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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