Established in 2012, LTTS (L&T Technology Services) has emerged as a prominent engineering services provider, specializing in Engineering, Research and Development (ER&D), and digitalization solutions. With a diverse portfolio spanning Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices, and Plant Engineering, LTTS caters to a vast clientele, boasting 69 Fortune 500 companies and 53 of the world’s leading ER&D firms.
Additionally, the company offers digital engineering advisory services, showcasing its commitment to cutting-edge innovation. Having gone public on September 23, 2016, LTTS now serves 296 global clients across 25+ countries.
In this article, we delve into a comprehensive exploration of LTTS and its pivotal role in shaping industries worldwide.
L&T Technology Q3 Results Highlight
- L&T Technology Services’ Q3 results for the period ending December 2023 showcased a strong performance.
- Net profit increased by 13% YoY to Rs 336.2 crore, exceeding expectations.
- Revenue witnessed a growth of 12% YoY, reaching Rs 2,422 crore, fueled by advancements in AI, SDV, and cybersecurity initiatives.
- Notable achievements include filing 53 patents across various segments and securing significant wins in SDV and cybersecurity.
- The employee headcount as of December 31, 2023, stood at 23,298, indicating growth compared to the year-ago period.
- Despite positive financial performance, L&T Tech’s shares experienced a slight decline in the trading session following the results.
Below are the trading platforms that you can use to purchase L&T Technology shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| March 2024 | ₹5,322.90 | ₹4,628.61 |
| April 2024 | ₹5,167.86 | ₹4,493.79 |
| May 2024 | ₹5,091.49 | ₹4,427.38 |
| June 2024 | ₹5,274.79 | ₹4,586.77 |
| July 2024 | ₹5,222.04 | ₹4,540.90 |
| August 2024 | ₹5,430.92 | ₹4,722.54 |
| September 2024 | ₹5,648.16 | ₹4,911.44 |
| October 2024 | ₹5,537.41 | ₹4,815.14 |
| November 2024 | ₹5,758.90 | ₹5,007.74 |
| December 2024 | ₹5,816.49 | ₹5,057.82 |
In 2024, L&T Technology Services is poised for varying price trends. While March to June may witness fluctuations, with prices ranging from ₹5,091.49 to ₹5,274.79, July to September could see relative stability. October and November may bring peak prices, with projections ranging from ₹5,537.41 to ₹5,758.90. Finally, December is anticipated to mark the highest prices, with a maximum of ₹5,816.49 and a minimum of ₹5,057.82.
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2025 | ₹5,822.31 | ₹4,478.70 |
| February 2025 | ₹5,833.98 | ₹4,487.67 |
| March 2025 | ₹5,956.49 | ₹4,581.92 |
| April 2025 | ₹5,839.70 | ₹4,492.07 |
| May 2025 | ₹5,669.61 | ₹4,361.24 |
| June 2025 | ₹5,924.74 | ₹4,557.49 |
| July 2025 | ₹5,808.57 | ₹4,468.13 |
| August 2025 | ₹5,988.22 | ₹4,606.32 |
| September 2025 | ₹6,060.07 | ₹4,661.60 |
| October 2025 | ₹6,217.64 | ₹4,782.80 |
| November 2025 | ₹6,373.08 | ₹4,902.37 |
| December 2025 | ₹6,659.87 | ₹5,122.97 |
In 2025, L&T Technology Services is projected to witness varying price levels each month. January may see the maximum price reaching ₹5,822.31 and the minimum at ₹4,478.70. February could bring a slight increase with a maximum of ₹5,833.98 and a minimum of ₹4,487.67. As the months progress, March may see a further rise with the maximum price expected to be around ₹5,956.49 and the minimum at ₹4,581.92. Moving into December, L&T Technology Services is forecasted to experience the highest prices of the year, with a maximum of ₹6,659.87 and a minimum of ₹5,122.97.
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2026 | ₹6,859.66 | ₹5,276.66 |
| February 2026 | ₹7,035.55 | ₹5,411.96 |
| March 2026 | ₹7,309.94 | ₹5,623.03 |
| April 2026 | ₹7,166.61 | ₹5,512.77 |
| May 2026 | ₹6,957.87 | ₹5,352.21 |
| June 2026 | ₹7,270.97 | ₹5,593.06 |
| July 2026 | ₹7,128.41 | ₹5,483.39 |
| August 2026 | ₹7,348.87 | ₹5,652.98 |
| September 2026 | ₹7,606.08 | ₹5,850.83 |
| October 2026 | ₹7,803.84 | ₹6,002.95 |
| November 2026 | ₹7,998.94 | ₹6,153.03 |
| December 2026 | ₹8,198.91 | ₹6,306.85 |
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2027 | ₹8,362.89 | ₹6,432.99 |
| February 2027 | ₹8,577.32 | ₹6,597.94 |
| March 2027 | ₹8,911.84 | ₹6,855.26 |
| April 2027 | ₹8,737.09 | ₹6,720.84 |
| May 2027 | ₹8,482.62 | ₹6,525.09 |
| June 2027 | ₹8,864.33 | ₹6,818.72 |
| July 2027 | ₹8,690.52 | ₹6,685.02 |
| August 2027 | ₹8,959.30 | ₹6,891.77 |
| September 2027 | ₹9,272.88 | ₹7,132.98 |
| October 2027 | ₹9,513.97 | ₹7,318.44 |
| November 2027 | ₹9,751.82 | ₹7,501.40 |
| December 2027 | ₹9,995.62 | ₹7,688.94 |
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2028 | ₹10,195.53 | ₹7,842.72 |
| February 2028 | ₹10,456.95 | ₹8,043.81 |
| March 2028 | ₹10,864.77 | ₹8,357.52 |
| April 2028 | ₹10,651.74 | ₹8,193.65 |
| May 2028 | ₹10,341.50 | ₹7,955.00 |
| June 2028 | ₹10,806.86 | ₹8,312.97 |
| July 2028 | ₹10,594.96 | ₹8,149.97 |
| August 2028 | ₹10,922.64 | ₹8,402.03 |
| September 2028 | ₹11,304.93 | ₹8,696.10 |
| October 2028 | ₹11,598.86 | ₹8,922.20 |
| November 2028 | ₹11,888.83 | ₹9,145.26 |
| December 2028 | ₹12,186.06 | ₹9,373.89 |
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2029 | ₹12,429.78 | ₹9,561.37 |
| February 2029 | ₹12,748.49 | ₹9,806.53 |
| March 2029 | ₹13,245.68 | ₹10,188.98 |
| April 2029 | ₹12,985.96 | ₹9,989.20 |
| May 2029 | ₹12,607.73 | ₹9,698.25 |
| June 2029 | ₹13,175.08 | ₹10,134.67 |
| July 2029 | ₹12,916.74 | ₹9,935.96 |
| August 2029 | ₹13,316.23 | ₹10,243.25 |
| September 2029 | ₹13,782.30 | ₹10,601.77 |
| October 2029 | ₹14,140.64 | ₹10,877.41 |
| November 2029 | ₹14,494.15 | ₹11,149.35 |
| December 2029 | ₹14,856.51 | ₹11,428.08 |
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2030 | ₹15,153.64 | ₹11,656.64 |
| February 2030 | ₹15,542.19 | ₹11,955.53 |
| March 2030 | ₹16,148.34 | ₹12,421.80 |
| April 2030 | ₹15,831.70 | ₹12,178.23 |
| May 2030 | ₹15,370.59 | ₹11,823.53 |
| June 2030 | ₹16,062.26 | ₹12,355.59 |
| July 2030 | ₹15,747.32 | ₹12,113.32 |
| August 2030 | ₹16,234.35 | ₹12,487.96 |
| September 2030 | ₹16,802.55 | ₹12,925.04 |
| October 2030 | ₹17,239.41 | ₹13,261.09 |
| November 2030 | ₹17,670.40 | ₹13,592.61 |
| December 2030 | ₹18,112.16 | ₹13,932.43 |
Throughout 2030, the prices of L&T Technology Services are likely to fluctuate. December is anticipated to mark the highest prices of the year, with the maximum price expected to reach ₹18,112.16 and the minimum price to be ₹13,932.43. As the year progresses, prices are expected to gradually rise, with November seeing a maximum of ₹17,670.40 and a minimum of ₹13,592.61. Similarly, October is forecasted to witness an increase in both maximum and minimum prices, with the maximum reaching ₹17,239.41 and the minimum at ₹13,261.09.
Financial Condition of L&T Technology: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 5,078 | 5,619 | 5,450 | 6,570 | 8,014 |
| Expenses (Rs. Crores) | 4,164 | 4,509 | 4,442 | 5,155 | 6,303 |
| Operating Profit (Rs. Crores) | 915 | 1,110 | 1,007 | 1,415 | 1,711 |
| OPM (%) | 18% | 20% | 18% | 22% | 21% |
| Other Income (Rs. Crores) | 223 | 209 | 154 | 152 | 208 |
| Interest (Rs. Crores) | 2 | 36 | 46 | 44 | 44 |
| Depreciation (Rs. Crores) | 104 | 183 | 218 | 214 | 232 |
| Profit Before Tax (Rs. Crores) | 1,031 | 1,100 | 897 | 1,309 | 1,644 |
| Tax (%) | 26% | 25% | 26% | 27% | 29% |
| Net Profit (Rs. Crores) | 768 | 822 | 666 | 961 | 1,174 |
| EPS (Rs.) | 73.61 | 78.33 | 63.14 | 90.68 | 110.77 |
| Dividend Payout (%) | 29% | 27% | 35% | 39% | 41% |
Over the past five years, L&T Technology Services has exhibited a robust financial performance, showcasing consistent growth in key financial indicators. From 2019 to 2023, the company witnessed a substantial increase in sales, climbing from Rs. 5,078 Crores to Rs. 8,014 Crores. This growth is indicative of L&T Technology’s ability to capitalize on market opportunities and expand its revenue streams. The operating profit has consistently shown an upward trajectory, reaching Rs. 1,711 Crores in 2023, demonstrating efficient cost management and operational effectiveness.
Notably, the Operating Profit Margin (OPM) has improved, peaking at 22% in 2022. The company has maintained a steady dividend payout policy, with the percentage increasing from 29% in 2019 to 41% in 2023, signaling confidence in its financial strength.
Furthermore, a progressive rise in Net Profit and Earnings Per Share (EPS) reflects sustained profitability and value creation for shareholders. Overall, L&T Technology’s financial condition over the last five years underscores its resilience, strategic management, and potential for sustained growth in the engineering and technology sector.
FAQS
L&T Technology Services Ltd’s share price has been volatile in the past, with fluctuations in response to market conditions and the company’s financial performance.
The current share price of L&T Technology Services Ltd is subject to change based on market conditions, but as of March 9th 2024, it is₹ 5,301.
The share price target for L&T Technology Services in 2025 around ₹6,659.87.
Answer: Various factors such as company performance, economic conditions, industry trends, government policies, and global events may impact L&T Technology Services Ltd’s share price in the future.
What is the projected revenue growth for L&T Technology Services Ltd?
According to market analysis, L&T Technology Services Ltd is expected to experience steady revenue growth over the next few years.
What is L&T Technology Services Ltd’s profit margin?
L&T Technology Services Ltd’s profit margin varies based on the company’s financial performance, but it has historically been competitive within its industry.
As with any investment, there are risks associated with investing in L&T Technology Services Ltd’s shares, including market volatility, economic conditions, and the company’s performance.
What is the dividend payout history of L&T Technology Services Ltd?
L&T Technology Services Ltd has historically paid out dividends to its shareholders, with the dividend payout varying based on company performance.
The decision to buy L&T Technology Services Ltd’s shares should be based on individual financial goals, risk tolerance, and market analysis. It is recommended to consult with a financial advisor before making any investment decisions.
ALSO READ:
- J.K CEMENT LTD SHARE PRICE TARGET 2024-2030: CAN IT REACH 1000 INR BY 2025?
- Steel Authority of India Ltd (SAIL) Share Price Target 2025-2030: Can it reach 500 INR by 2025?
- TITAN COMPANY LTD SHARE PRICE TARGET 2024 TO 2030: CAN IT REACH 10000 INR BY 2025?
Conclusion
In conclusion, L&T has shown a steady growth in its income over the past five years with a revenue growth of 74.5% from March 2018 to March 2022. The PAT has also shown a consistent growth rate of 17.5% during this period.
With a positive profit growth rate of 24.6% in the last financial year, it is clear that L&T is on the path of sustained growth. Looking at the share price target projections for 2024 to 2030, it is expected that the shares of L&T will continue to perform well in the coming years.
The maximum price target for 2025 is ₹6,659.87 and for 2030 is ₹18,112.16, with a minimum price target of ₹4,478.70 for 2025 and ₹11,656.64 for 2030. Therefore, it can be a good investment choice for those looking to invest in a company with a strong track record of growth and profitability.
What did we learn?
- 1 L&T Technology Q3 Results Highlight
- 2 How to purchase L&T Technology shares?
- 3 L&T Technology Share Price Prediction: 2024 to 2030
- 3.1 L&T Technology Share Price Target 2024
- 3.2 L&T Technology Share Price Prediction 2025
- 3.3 L&T Technology Share Price Target 2026
- 3.4 L&T Technology Share Price Target 2027
- 3.5 L&T Technology Share Price Target 2028
- 3.6 L&T Technology Share Price Prediction 2029
- 3.7 L&T Technology Share Price Target 2030
- 4 Financial Condition of L&T Technology: Last 5 years
- 5 FAQS
- 5.1 What has been the historical performance of L&T Technology Services Ltd’s share price?
- 5.2 What is the current share price of L&T Technology Services Ltd?
- 5.3 What is the share Price Prediction of L&T Technology Services for 2025?
- 5.4 What are the factors that may impact L&T Technology Services Ltd’s share price in the future?
- 5.5 What is the projected revenue growth for L&T Technology Services Ltd?
- 5.6 What is L&T Technology Services Ltd’s profit margin?
- 5.7 What are the risks associated with investing in L&T Technology Services Ltd’s shares?
- 5.8 What is the dividend payout history of L&T Technology Services Ltd?
- 5.9 Should I buy L&T Technology Services Ltd’s shares?
- 6 Conclusion
Twitter
Linkedin
