L&T Technology Services Limited

About

L&T Technology Services Limited operates as an engineering research and development services company in India, North America, Europe, and other international markets. The company operates through three segments: Mobility, Sustainability, and Tech. It provides digital engineering and consulting services such as artificial intelligence, cybersecurity, industry 4.0 consulting, product consulting, sustainability engineering, 5G, and smart solutions. It provides engineering services which include computer-aided engineering, computational fluid dynamics, CAx automation, DevOps, engineering and manufacturing analytics, lab services, product testing and validation, VLSI design, voice solutions, user experience, sustenance and maintenance, embedded systems, and cloud and software engineering. In addition, the company offers manufacturing engineering services, including operations support, supply chain solutions, digital factory and simulation, manufacturing automation, new product development, PLM on cloud, plant design, materials management, and sourcing and procurement services. Further, it delivers plant engineering services such as CAPEX project services, plant management, operational support, regulatory compliance, and procurement solutions. L&T Technology Services Limited serves industries including automotive, aerospace, rail transportation, commercial, recreational and off-highway vehicles, industrial products, process manufacturing, hi-tech, medical technology, public infrastructure, smart cities, and software platforms. Additionally, the company has strategic collaboration with Thyssenkrupp Steering and ASSAI Software Services. The company was formerly known as L&T Integrated Engineering Services Limited and changed its name to L&T Technology Services Limited in September 2012. The company was incorporated in 2012 and is headquartered in Vadodara, India. L&T Technology Services Limited operates as a subsidiary of Larsen & Toubro Limited.

Key Metrics

as of Sep 2026

Market Cap37,085 Cr

P/E27.60

Div Yield1.66 %

Book Value₹611.00

52w High₹4,747.00

52w Low₹3,010.00

Face Value₹2.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	2,469.00	2,409.00	2,333.00	2,536.00	2,196.00	2,206.00	2,412.00	2,325.00	2,246.00	2,351.00	2,148.00	2,136.00	2,044.00
Expenses	1,973.00	1,945.00	1,873.00	2,095.00	1,787.00	1,797.00	1,939.00	1,902.00	1,801.00	1,861.00	1,693.00	1,680.00	1,615.00
Operating Profit	496.00	464.00	460.00	441.00	408.00	409.00	473.00	422.00	446.00	490.00	455.00	456.00	428.00
OPM %	20.00	19.00	20.00	17.00	19.00	19.00	20.00	18.00	20.00	21.00	21.00	21.00	21.00
Other Income	32.00	25.00	10.00	64.00	84.00	80.00	30.00	68.00	64.00	50.00	64.00	42.00	48.00
Depreciation	67.00	67.00	67.00	72.00	61.00	58.00	69.00	72.00	66.00	68.00	65.00	62.00	51.00
Interest	13.00	16.00	14.00	14.00	16.00	15.00	15.00	12.00	13.00	13.00	13.00	11.00	11.00
Profit before tax	448.00	406.00	389.00	418.00	416.00	415.00	419.00	407.00	430.00	459.00	441.00	425.00	414.00
Tax %	26.00	26.00	26.00	27.00	26.00	24.00	28.00	28.00	27.00	28.00	27.00	27.00	28.00
Net Profit	333.00	302.00	289.00	307.00	308.00	314.00	301.00	293.00	313.00	329.00	321.00	308.00	300.00
EPS in Rs	31.39	28.53	27.26	28.99	29.04	29.69	28.41	27.68	29.54	31.14	30.36	29.17	28.35

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	9,207.00	8,505.00	8,679.00	7,910.00	5,874.00	4,964.00	5,181.00	4,712.00	3,507.00	3,112.00	2,894.00	2,561.00
Expenses	7,450.00	6,816.00	6,850.00	6,266.00	4,555.00	4,026.00	4,150.00	3,848.00	2,956.00	2,508.00	2,360.00	2,156.00
Operating Profit	1,757.00	1,690.00	1,829.00	1,644.00	1,319.00	938.00	1,031.00	864.00	551.00	604.00	533.00	404.00
OPM %	19.00	20.00	21.00	21.00	22.00	19.00	20.00	18.00	16.00	19.00	18.00	16.00
Other Income	194.00	284.00	203.00	202.00	154.00	174.00	212.00	151.00	188.00	54.00	82.00	25.00
Interest	60.00	54.00	48.00	40.00	39.00	44.00	35.00	1.00	0.00	1.00	2.00	3.00
Depreciation	266.00	264.00	246.00	205.00	183.00	174.00	153.00	73.00	58.00	58.00	54.00	47.00
Profit before tax	1,625.00	1,655.00	1,739.00	1,600.00	1,251.00	895.00	1,055.00	941.00	681.00	600.00	559.00	379.00
Tax %	26.00	26.00	28.00	28.00	27.00	25.00	25.00	26.00	28.00	25.00	22.00	17.00
Net Profit	1,206.00	1,221.00	1,258.00	1,153.00	918.00	673.00	790.00	700.00	489.00	449.00	436.00	315.00
EPS in Rs	113.79	115.31	119.00	109.20	87.04	64.08	75.59	67.31	47.77	44.15	58.17	10.51
Dividend Payout %	51.00	48.00	42.00	41.00	40.00	34.00	28.00	31.00	34.00	27.00	25.00	50.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	21.00	21.00	21.00	21.00	21.00	21.00	21.00	21.00	20.00	20.00	300.00	300.00
Reserves	5,906.00	5,727.00	5,030.00	4,183.00	3,960.00	3,319.00	2,599.00	2,415.00	1,945.00	1,511.00	789.00	7.00
Borrowings	541.00	535.00	627.00	424.00	448.00	472.00	24.00	43.00	0.00	0.00	113.00	905.00
Other Liabilities	3,224.00	2,579.00	2,326.00	3,143.00	1,278.00	1,008.00	1,438.00	747.00	628.00	619.00	648.00	502.00
Total Liabilities	9,692.00	8,862.00	8,005.00	7,772.00	5,708.00	4,820.00	4,082.00	3,226.00	2,593.00	2,150.00	1,850.00	1,714.00
Fixed Assets	1,258.00	1,274.00	1,390.00	1,067.00	1,014.00	1,020.00	960.00	565.00	553.00	559.00	560.00	524.00
CWIP	12.00	28.00	13.00	6.00	10.00	12.00	9.00	0.00	0.00	2.00	14.00	0.00
Investments	2,846.00	2,219.00	1,646.00	2,439.00	1,647.00	1,701.00	765.00	752.00	322.00	199.00	62.00	6.00
Other Assets	5,577.00	5,341.00	4,956.00	4,259.00	3,037.00	2,088.00	2,348.00	1,908.00	1,717.00	1,390.00	1,214.00	1,184.00
Total Assets	9,692.00	8,862.00	8,005.00	7,772.00	5,708.00	4,820.00	4,082.00	3,226.00	2,593.00	2,150.00	1,850.00	1,714.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	1,272.00	1,428.00	1,341.00	1,267.00	899.00	1,267.00	664.00	740.00	340.00	402.00	525.00	289.00
Cash from Investing Activity	-309.00	-554.00	-231.00	-560.00	-389.00	-965.00	-280.00	-489.00	-166.00	-177.00	-154.00	-607.00
Cash from Financing Activity	-782.00	-705.00	-647.00	-434.00	-476.00	-354.00	-377.00	-202.00	-98.00	-240.00	-402.00	401.00
Net Cash Flow	180.00	169.00	463.00	272.00	35.00	-51.00	7.00	48.00	76.00	-15.00	-31.00	83.00
Free Cash Flow	1,136.00	1,329.00	1,101.00	1,102.00	788.00	1,196.00	517.00	654.00	290.00	356.00	420.00	236.00
CFO/OP %	94.00	113.00	101.00	104.00	93.00	160.00	83.00	116.00	93.00	93.00	130.00	88.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	68.00	97.00	86.00	91.00	98.00	86.00	93.00	79.00	99.00	83.00	90.00	95.00
Cash Conversion Cycle	68.00	97.00	86.00	91.00	98.00	86.00	93.00	79.00	99.00	83.00	90.00	95.00
Working Capital Days	34.00	40.00	41.00	8.00	51.00	45.00	68.00	56.00	86.00	72.00	30.00	52.00
ROCE %	27.00	26.00	33.00	35.00	31.00	28.00	43.00	42.00	39.00	44.00	46.00	44.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	73.52	73.57	73.58	73.58	73.59	73.66	73.66	73.69	73.69	73.74	73.75	73.77
FIIs	4.13	3.86	4.22	4.67	4.84	5.18	4.19	4.35	4.46	5.52	5.63	5.89
DIIs	14.05	14.64	14.57	14.13	13.86	13.67	14.30	13.72	13.07	12.09	11.33	10.77
Public	8.29	7.93	7.62	7.63	7.69	7.47	7.85	8.24	8.77	8.65	9.29	9.55
No. of Shareholders	247,423	244,820	231,406	221,811	223,318	219,573	231,067	236,000	254,732	243,374	257,396	266,571

Corporate Actions

21 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Dividend	22 May 2026	22 May 2026	—	40.00
Dividend	27 Oct 2025	27 Oct 2025	—	18.00
Dividend	06 Jun 2025	06 Jun 2025	—	38.00
Dividend	25 Oct 2024	25 Oct 2024	—	17.00
Dividend	14 Jun 2024	14 Jun 2024	—	33.00
Dividend	27 Oct 2023	27 Oct 2023	—	17.00
Dividend	07 Jul 2023	07 Jul 2023	—	30.00
Dividend	27 Oct 2022	28 Oct 2022	—	15.00
Dividend	07 Jul 2022	—	—	15.00
Dividend	25 Jan 2022	27 Jan 2022	—	10.00
Dividend	26 Oct 2021	27 Oct 2021	—	10.00
Dividend	08 Jul 2021	—	—	14.50
Dividend	26 Oct 2020	27 Oct 2020	—	7.50
Dividend	08 Jul 2020	—	—	13.50
Dividend	30 Oct 2019	31 Oct 2019	—	7.50
Dividend	11 Jul 2019	—	—	13.50
Dividend	01 Nov 2018	02 Nov 2018	—	7.50
Dividend	13 Aug 2018	—	—	12.00
Dividend	14 Nov 2017	15 Nov 2017	—	4.00
Dividend	14 Aug 2017	—	—	4.00
Dividend	21 Nov 2016	22 Nov 2016	—	3.00