NSE: LTTS | BSE: 540115

Expensive Performer

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4530.40 72.40 (1.62%)

103.6K NSE+BSE Volume

NSE 23 May, 2025 11:20 AM (IST)

47,968.1

Market Cap

High in industry

Beta 1Year

Average volatility

Dividend

L&T Technology Services Ltd. has an upcoming dividend of ₹38.00 per share due on 06 Jun 2025 See details

L&T Technology Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for LTTS, BSE:540115 L&T Technology Services Ltd.

L&T Technology Services Ltd.

04 May 2019

4530.40

1.62%

L&T; Technology Services (4QFY19): Growth leadership intact. Maintain BUY

Buy: L&T Technology Services Ltd.

Target

HDFC Securities

LTTS is among our top picks in tier-2 IT based on (1) Leading pure-play ER&D with diversified verticals and least client concentration, (2) High growth visibility supported by broad-based deal pipeline, deal wins and beneficiary of vendor consolidation (Transportation, Process industry), (3) Investments to drive growth in large accounts (program managers, consultant engagements, co-innovation). Expect USD rev/EPS growth at 17% each. Valuations at 18.2x FY21E supported by strong FCF generation (94% FCF/PAT), strong return metrics (35% RoIC) and growth leadership within tier-2 IT/ER&D. Key risk is Brexit/trade war repercussions. We maintain BUY on LTTS after a strong 4Q performance. Industry-leading growth in FY19 and we expect growth leadership to continue. Our TP at Rs 1,860 is based on 20x FY21E EPS.

L&T Technology Services Ltd. is trading below its 100 day SMA of 4726.1

L&T Technology Services Ltd.

15 Apr 2019

4530.40

1.62%

L&T; TECHNOLOGY SERVICES LTD

Buy: L&T Technology Services Ltd.

Joindre Capital Services

L&T; Technology Services (LTTS) was established through a group restructuring exercise by the L&T; Group, wherein, integrated engineering services of L&T; and product engineering services business of L&T; Infotech were transferred to LTTS. As a result, LTTS has emerged as one of the leading global pure-play ER&D; services, providing services to manufacturing, technology and process engineering companies, LTTS has active presence in 10 verticals: consumer electronics, semiconductor, aerospace, medical devices, telecom, energy, construction & heavy machinery, automotive, transport, industrial Products. LTTS captures data from IoT...

L&T Technology Services Ltd. is trading below its 100 day SMA of 4726.1

L&T Technology Services Ltd.

12 Mar 2019

4530.40

1.62%

Despite a significant improvement in its balance sheet, execution pick up and robust orde...

Buy: L&T Technology Services Ltd.

Emkay

Despite a significant improvement in its balance sheet, execution pick up and robust order inflows, L&T;'s P/E multiple has not changed over the last three years. We believe that this is due to persistent concerns on at least one out of the four key parameters on which investors evaluate L&T;: 1) execution pick up; 2) balance sheet/ROE; 3) order inflow momentum; and 4) margins. Although L&T; has partially delivered on strengthening its balance sheet over FY16-18, execution improvement in the core domestic infrastructure is also evident over FY18-19. To...

L&T Technology Servi.. has an average target of 4893.50 from 6 brokers.

L&T Technology Services Ltd.

18 Jan 2019

4530.40

1.62%

L&T; Technology Services (3QFY19): Robust wins, strong pipeline. Maintain BUY

Buy: L&T Technology Services Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 2,030, at 22x Dec-20E. L&T; Technology Services (LTTS) reported strong revenue and operating performance, in-line with expectations and increased its FY19E rev guidance to 24% (21% earlier). A blip emerges with decline expected in a large account in FY20E. However, growth outlook is a robust mid-teens for FY20E with improvement in margins (CC terms), supported by continuity in strong deal momentum and a robust pipeline. Revenue came at USD 185.7mn, 4.8/23.0% QoQ/YoY and EBITDA% stood at 18.4%, +28bps QoQ.

L&T Technology Services Ltd. is trading below its 100 day SMA of 4726.1

L&T Technology Services Ltd.

17 Jan 2019

4530.40

1.62%

Q3FY19 Result Update - Strong performance across all parameters

Accumulate: L&T Technology Services Ltd.

Prabhudas Lilladhar

Post strong performance in Q3FY19, we upgrade LTTS USD revenue growth to 24.5% (earlier 24%) for FY19E. However, we downgrade USD revenue growth for FY20E to 17% (earlier 17.8%, client specific issues) and maintain 15.9% for FY21E. Our USD/INR assumptions are at 70/70.5/72 for FY19/FY20/FY21E. We model our EBIDTA margin assumptions at 17.6/17.9/18% for FY19/FY20/21E. Our EPS estimates are at Rs70.5/75/87 for FY19/20/21E, revised by +2%/-1.5%/+0.2% respectively. Stock trades at 22.3x...

L&T Technology Services Ltd. is trading below its 100 day SMA of 4726.1

L&T Technology Services Ltd.

26 Oct 2018

4530.40

1.62%

L&T; Technology Services (2QFY19): Strong show continues. Maintain BUY

Buy: L&T Technology Services Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 1,950, at 22x Sep-20E EPS L&T; Technology Services (LTTS) posted strong rev performance (in-line) and better operating performance (offshore, FP-contract), led by transportation/process industry verticals and strong client adds. Revenue guidance increased to >21% YoY for FY19E (>16% earlier). Revenue came at USD 177mn, 5.5/29.5% QoQ/YoY in CC.

Number of FII/FPI investors increased from 174 to 228 in Mar 2025 qtr.

L&T Technology Services Ltd.

31 Aug 2018

4530.40

1.62%

L&T; Technology Services

Not Rated: L&T Technology Services Ltd.

ICICI Securities Limited

We attended the analyst meet of L&T; Technology Services (LTTS). LTTS is one of the leading players in the ER&D; space with a presence in transportation (31.8% of revenue), industrial products (22.8%), telecom & hi-tech (25.7%), process industry (12.9%) and medical devices (6.8%). The company elaborated on its 20:20:20 vision of achieving 20% topline growth, 20% EBITDA margin and 20 new technology patents annually to achieve US$1 billion (bn) in FY21. Of the US$1 bn revenue target, ~US$100 mn will be achieved through acquisitions. The rest would be...

L&T Technology Services Ltd. is trading below its 100 day SMA of 4726.1

L&T Technology Services Ltd.

28 Aug 2018

4530.40

1.62%

Company Initiation - Multi-vertical focus to aid growth momentum

Accumulate: L&T Technology Services Ltd.

Prabhudas Lilladhar

Rating: ACCUMULATE | CMP: Rs1,608 | TP: Rs1,780 Multi-vertical focus to aid growth momentum Madhu Babu madhubabu@plindia.com | 91-22-66322300...

L&T Technology Services Ltd. is trading below its 100 day SMA of 4726.1

L&T Technology Services Ltd.

24 Jul 2018

4530.40

1.62%

L&T; Technology Services (1QFY19): On track. Maintain BUY

Buy: L&T Technology Services Ltd.

Target

HDFC Securities

Maintain BUY with TP of Rs 1,520, at 22x FY20E-EPS. L&T; Technology Services (LTTS) posted robust growth and operating performance. Revenue came at USD 169mn, 5.6/33.2% QoQ/YoY in CC with continuity of strong business momentum (6.6% CQGR organic over past three qtrs). EBITDA% stood at 17%, +95bps QoQ, supported by better business-mix (process industry-led growth), higher offshore-mix/ FP-contract and INR depreciation, offset by visa expense and lower utilisation (fresher intake).

Number of FII/FPI investors increased from 174 to 228 in Mar 2025 qtr.

Is L&T Technology Services Ltd. worth buying?

346 Votes:

Buy 76.3%

Sell 14.74%

Hold 8.96%

RESEARCH REPORTS

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