Provides engineering research and development (ER&D) and digital engineering services to global enterprises, reporting ₹10,995.9 crore in FY26 revenue across three segments. Sustainability (34.8% of segment revenue) serves process industries such as oil & gas and plant engineering; Tech (33.3%) covers telecom, hi-tech and embedded software; Mobility (31.9%) covers automotive, aerospace, rail, trucks and off-highway. People are the principal input — employee cost is 58.7% of revenue and other operating expenses 23.7%, while materials are zero and capex is 1.7% of revenue. The firm is embedding AI into its engineering platforms, with partnerships with Anthropic/Claude and Databricks, a 100-engineer forward-deployment team, and platforms such as AgenticIQ, PlxAI, Ainfonix, AiNexus and AiTest. Q1 FY27 revenue was ₹2,940 crore with an EBIT margin of 15.7%. Cash and investments stood at ₹3,531 crore as of March 2026 with no debt, and management has stated a 13–15% revenue CAGR and 16–17% EBIT margin aspiration over five years. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sustainability (35%), Tech (33%), Mobility (32%). Asset-light, people-driven engineering services with no materials cost
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,570 | 8,014 | 9,647 | 10,670 | 10,996 |
| EBITDA (ex other income) | 1,415 | 1,711 | 1,919 | 1,893 | 1,863 |
| margin % | 21.5 | 21.3 | 19.9 | 17.7 | 16.9 |
| Owners' profit | 957 | 1,170 | 1,304 | 1,267 | 1,279 |
| EPS, as reported (₹) | 90.92 | 110.80 | 123.34 | 119.70 | 120.71 |
| ROE % · ROCE % | 23.0 · 28.7 | 23.6 · 31.2 | 24.4 · 31.2 | 20.7 · 27.0 | 19.7 · 22.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1,006 | 1,305 | 1,493 | 1,481 | 1,455 |
| Capex | (162) | (176) | (253) | (112) | (185) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,573 | 2,653 | 2,982 | 2,866 | 2,980 | 2,924 | 2,858 | 2,940 |
| Profit before tax | 441 | 440 | 427 | 433 | 448 | 410 | 436 | 476 |
| Net profit | 320 | 320 | 310 | 316 | 329 | 303 | 333 | 357 |
| EPS (₹) | 30.20 | 30.47 | 29.38 | 29.81 | 31.02 | 28.56 | 31.34 | 33.62 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Mobility | 3,508 | 30.2 |
| Sustainability | 3,828 | 32.9 |
| Tech | 4,291 | 36.9 |
| Total, before eliminations | 11,627 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. ◆ | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · ESOP allotment of 8,725 shares under LTTS ESOP Scheme 2016 | capital market events | low | — | — |
| 4 Sept 2026 · LTTS gets exchange nod to reclassify Nabha Power as public shareholder | ownership changes | medium | — | — |
| 4 Sept 2026 · Luis Miranda re-appointed as Independent Director with 98.30 percent approval | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · L&T Tech Services to attend UBS India Summit 2026 on Sept 10 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · LTTS completes sale of Smart World and Communication business unit to AMI Paradigm | strategic transactions | high | — | — |
| 26 Aug 2026 · LTTS to participate in Elara India Dialogue 2026 on September 1 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Newspaper notice on transfer of shares to IEPF Authority | compliance | minimal | — | — |
| 19 Aug 2026 · LTTS wins over 75 million dollar five-year engagement from global tech enterprise | business updates | high | — | — |
| 17 Aug 2026 · LTTS Investor Presentation for Non-Deal Roadshow in Singapore and Hong Kong | investor communications | medium | — | — |
| 12 Aug 2026 · LTTS to participate in non-deal roadshows in Singapore and Hong Kong | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| TATA TECHNOLOGIES LIMITED |
| 31,087 |
| 55.8 |
| 7.92 |
| 33.8 |
| 13.9 |
| 14.3 |
| — |
| 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| AFFLE 3I LIMITED | 22,105 | 46.2 | 6.05 | 30.4 | 12.5 | 15.2 | 39.3 | 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.9 | 18.9 | 51 of 78 | 35% |
| P/B | 5.5 | 2.2 | 57 of 70 | 19% |
| ROCE | 21.1 | 9.7 | 14 of 87 | 85% |
| ROE | 19.7 | 9.4 | 11 of 72 | 86% |
| Debt / Equity | 0.0 | 0.0 | 3 of 72 | 72% |
| EBITDA margin | 19.6 | 13.0 | 23 of 69 | 68% |
| Revenue growth | 2.6 | 20.8 | 54 of 67 | 20% |
| Profit growth | 13.0 | 14.6 | 35 of 64 | 46% |
| Market cap | 35510 | 309 | 1 of 87 | 100% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
