# L&T Technology Services share price today (L&T Technology Services Ltd, NSE: LTTS)

> L&T Technology Services share price today: ₹4,224.00 at the NSE close on 3 November 2026, up 2.6% in a year. L&T Technology Services (NSE: LTTS) is worth ₹44,817 crore, trades at a P/E of 32.2 and has closed between ₹3,047.70 and ₹4,676.00 over the past 52 weeks. > L&T Technology Services Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. LTTS · IT - ER&D · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/l-t-technology-services-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹4,224.00 (+2.6% in a year)
- P/E: 32.2× (higher than 50% of the last 10 years)
- Revenue (Sep 2026): ₹3,040 Cr (+12.1% on a year ago)
- Profit (Sep 2026): ₹549 Cr (+66.9% on a year ago)
- Operating margin: 19.0% (+2.0 points on a year ago)
- ROCE: 27%, FY26
- ROIC: 33.0%, against a 12.0% cost of capital: +21.0 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the L&T Technology Services share price today? L&T Technology Services Ltd's share price was ₹4,224.00 at the close on 3 November 2026. It has been falling for 40 weeks. That is 16.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,048 and ₹4,676, and at that close it sat 72% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 15 weeks in a row. Over the last 10 years the share price moved +386% while the NIFTY 500 moved +191%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at L&T Technology Services this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), highest quarterly profit in 16 quarters and promoters cut their stake for 3 quarters in a row. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹3,040 crore, +12.1% on a year earlier. Why: Revenue rose because the sustainability business did more work on large contracts won earlier. Next results: check whether the second half brings in more money than the first half, as management expects. From the earnings call on 19 Oct 2026. 2. Highest quarterly profit in 16 quarters Profit of ₹549 crore in the September 2026 quarter is the highest of the last 16 quarters. 3. Promoters cut their stake for 3 quarters in a row From 73.6% to 73.5% of the company by the September 2026 quarter. ## What are L&T Technology Services' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), L&T Technology Services reported revenue of ₹3,040 crore, up 12.1% from ₹2,713 crore a year earlier, and a profit of ₹549 crore, up 66.9% from ₹329 crore. ### L&T Technology Services results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,040 crore | ₹2,713 crore | +12.1% |
| Profit | ₹549 crore | ₹329 crore | +66.9% |
| Earnings per share | ₹51.67 | ₹31.01 | +66.6% |
| Operating margin | 19.0% | 17.0% | +2.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). L&T Technology Services' management discussed these results on a call held on 19 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the L&T Technology Services share price history? L&T Technology Services closed at ₹4,224.00 on 3 November 2026, up 2.6% from ₹4,118.80 a year earlier (31 October 2025) and down 15.7% over five years. Its highest weekly close since September 2016 was ₹5,806.45 on 5 April 2024. ### L&T Technology Services share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹3,910.30 | +8.0% |
| 1 month ago · 1 Oct 2026 | ₹3,267.80 | +29.3% |
| 6 months ago · 30 Apr 2026 | ₹3,626.30 | +16.5% |
| 1 year ago · 31 Oct 2025 | ₹4,118.80 | +2.6% |
| 3 years ago · 3 Nov 2023 | ₹4,232.45 | −0.2% |
| 5 years ago · 4 Nov 2021 | ₹5,012.20 | −15.7% |
| 10 years ago · 4 Nov 2016 | ₹766.40 | +451.1% |
| Earliest weekly close in our records · 23 Sep 2016 | ₹869.00 | +386.1% |
| Highest weekly close since September 2016 · 5 Apr 2024 | ₹5,806.45 | −27.3% |
| Lowest weekly close since September 2016 · 30 Jun 2017 | ₹717.05 | +489.1% |
| 52-week high (weekly close) · 12 Dec 2025 | ₹4,676.00 | −9.7% |
| 52-week low (weekly close) · 1 Jul 2026 | ₹3,047.70 | +38.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (532 weekly closes from 23 September 2016 to 3 November 2026.)

## What is the latest news on L&T Technology Services? 3 Nov 2026: L&T Technology Services closed at ₹4,224.00, up 8.0% on the week and up 29.3% on the month. 27 Oct 2026: ex-date for an interim dividend of ₹20 a share. ### Earlier

- 19 Oct 2026: L&T Technology Services held its results call for July to September 2026. Management guided: H2 revenue stronger than H1 both on a year earlier and on the previous quarter with momentum strengthening while sustaining margins. - Results for July to September 2026: Revenue up 12.1% and profit up 66.9% on a year earlier. - 22 May 2026: ex-date for a dividend of ₹40 a share. ## What dividend does L&T Technology Services pay? L&T Technology Services paid ₹60 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.42% at the ₹4,224.00 close on 3 November 2026. The last was an interim dividend of ₹20 a share, ex-date 27 October 2026. ### L&T Technology Services dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 27 Oct 2026 | ₹20 | Interim | same day |
| 22 May 2026 | ₹40 | Dividend | same day |
| 27 Oct 2025 | ₹18 | Interim | same day |
| 6 Jun 2025 | ₹38 | Dividend | same day |
| 25 Oct 2024 | ₹17 | Interim | same day |
| 14 Jun 2024 | ₹33 | Dividend | same day |
| 27 Oct 2023 | ₹17 | Interim | same day |
| 7 Jul 2023 | ₹30 | Dividend | same day |
| 27 Oct 2022 | ₹15 | Interim | 28 Oct 2022 |
| 7 Jul 2022 | ₹15 | Dividend | n/a |
| 25 Jan 2022 | ₹10 | Interim | 27 Jan 2022 |
| 26 Oct 2021 | ₹10 | Special | 27 Oct 2021 |
| 8 Jul 2021 | ₹14.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. L&T Technology Services Ltd paid out 48% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did L&T Technology Services management say on the latest results call? On the call for July to September 2026, held on 19 October 2026, L&T Technology Services' management guided: H2 revenue stronger than H1 both on a year earlier and on the previous quarter with momentum strengthening while sustaining margins. > “I am pleased to share that we have been able to achieve our committed mid-16% margin aspiration ahead of time by a couple of quarters.”
> Rajiv Gupta, on the call for July to September 2026

### What management guided

- Sustain mid-16% EBIT margins in near term after absorbing Q3 wage hike of 50-80 basis points impact. - 13-15% revenue yearly growth with 16-17% EBIT margins over next 3-5 years reiterated. - Maintain USD 200 million quarterly TCV pace with additional USD 100 million catch-up across H2. - Sustainability on track for another double-digit growth year on large-deal execution and AI content. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/18350/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 19 October 2026.)

## What to watch in L&T Technology Services' next results? When L&T Technology Services reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: H2 revenue to beat H1 on a year earlier and on the previous quarter while having the sustained margin band through furloughs and wage hike - per H2 and margin outlook. - What to check (from the call)
- H2 revenue to beat H1 on a year earlier and on the previous quarter while having the sustained margin band through furloughs and wage hike - per H2 and margin outlook. - Quarterly TCV to keep the flagged pace with catch-up delivery across H2 - per deal engine commitment. - Tech to stay muted near term then return to growth on telecom ramp and MedTech follow-on - per segment outlook. - AI-led revenue to improve quarter-on-quarter from the current run-rate with quarterly disclosure - per monetisation track. ## Which stock lists is L&T Technology Services on? L&T Technology Services is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and IT stocks. - [Momentum stocks Market cap cr: 44832.77947292183](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 204](https://www.sectoralpha.in/small-cap-stocks-india)
- [IT stocks Market value (₹ crore): 44832.77947292183](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is L&T Technology Services profitable? L&T Technology Services Ltd earned ₹549 Cr of net profit in the Sep 2026 quarter, +66.9% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹1,281 Cr. Over 10 years profit has grown 11.8% a year on average. That is 18.1% of the quarter's revenue. The same quarter a year earlier earned ₹329 Cr. For the full year, FY26 profit was ₹1,281 Cr (+1.3% on the year before). Why profit moved: revenue changed +12.1% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +20.5% and revenue +9.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does L&T Technology Services make, and is it growing? L&T Technology Services Ltd reported ₹3,040 Cr of revenue in the Sep 2026 quarter, +12.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.6% a year on average. The last full year, FY26, came in at ₹10,996 Cr. The last four reported quarters add to ₹11,625 Cr. FY26 revenue was ₹10,996 Cr, +14.0% on the year before. Recent pace: the last four quarters grew +9.2% on average, against 13.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.2%, against +7.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +20.9%, against +8.4% a year (accelerating). ## How much of every ₹100 of sales does L&T Technology Services keep? L&T Technology Services Ltd's operating margin was 19.0% in the Sep 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 15.0% and 22.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.8 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is L&T Technology Services' profit turning into cash? Over the last 3 years, 115% of L&T Technology Services Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,455 Cr of operating cash against ₹1,281 Cr of profit. After ₹334 Cr of spending on assets, ₹1,121 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 115% of profit came in as cash: the cash cycle got 16 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building. ## Where does L&T Technology Services' cash go? L&T Technology Services Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 67 days in FY26, down from 83 days in FY21. It spent ₹1,882 Cr on assets over the last 3 years. At FY26 sales of ₹10,996 Cr, each day of that cycle ties up about ₹30.1 Cr, so roughly ₹2,018 Cr is tied up in the business at any time. Spending on assets: ₹1,882 Cr over the last 3 years, against ₹920 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹12.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is L&T Technology Services' P/E ratio, and how does it compare with its own history? L&T Technology Services Ltd's P/E is 32.2×, in the middle of its own history: higher than 50% of past readings. Its usual P/E (the middle reading) is 32.1×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹145.17. Why the multiple is where it is: over the past year earnings per share moved +0.9% while the price moved +2.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −3.4% a year; about +10.9% a year came from earnings growth and about −14.3 percentage points from the multiple (the market paying less); over 10 years the price moved +18.6% a year; about +11.3% a year came from earnings growth and about +7.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the L&T Technology Services business getting better or worse? L&T Technology Services Ltd's business is turning around. Profit growth has swung from −3.2% at its low to +20.9%, improving for 5 quarters in a row, with ROCE steady at 28.5%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does L&T Technology Services earn on its capital? L&T Technology Services Ltd earned a ROCE of 27% in FY26. Its return on capital used (ROIC) is 21.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 11.6% net margin and 1.05× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 11.6% net margin × 1.05× asset turnover × 1.62× leverage (assets divided by equity) ≈ 19.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 33.0% − 12.0% = +21.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 33.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 28.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does L&T Technology Services have too much debt? L&T Technology Services Ltd has total debt of ₹558 Cr against shareholder equity of ₹7,102 Cr as of Sep 2026, so its debt is 0.08× its equity, which is very little. Year by year, that ratio went from 0.11 in FY22 to 0.09 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the L&T Technology Services shareholding pattern? No group of L&T Technology Services Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved +0.1 points over the same period, to 4.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −0.2 points over 8 quarters, to 73.5%; Foreign institutions: +0.1 points over 8 quarters, to 4.4%; Domestic institutions: +0.0 points over 8 quarters, to 13.8%. ## How far is L&T Technology Services from balance-sheet trouble? For L&T Technology Services Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does L&T Technology Services rank in its industry? 61.1 out of 100, rank 3 of 8 in IT - ER&D, with 85% of the evidence available. L&T Technology Services Ltd scores 61.1 out of 100 against the 8 companies it is compared with in IT - ER&D, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 26.7 + 15.7 + 7.1 + 11.6 = 61.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is L&T Technology Services compared with? L&T Technology Services ranks 3 of 8 IT - ER&D companies on the 4-Factor Sector Score, with 61.1 out of 100. 1. [Onward Technologies Ltd](https://www.sectoralpha.in/stocks/onward-technologies-ltd) ONWARDTEC · leader · Most evidence points up · 78% evidence 70.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 13.2% · Profit 17.1% · Operating margin change 2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 22.9% · Operating margin 16% · 100% evidence Valuation 16.5/20 · P/E 17.1× · PEG 0.38 · 65% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 41.1% · 1 year 26.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 26 + 15.6 + 16.5 + 12.5 = 70.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [TAAL Tech Ltd](https://www.sectoralpha.in/stocks/taal-tech-ltd) TAALTECH · leader · Evidence leans up · 81% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 18.6% · Profit 19.2% · Operating margin change 1 points · 88% evidence Capital efficiency 17.6/25 · ROCE 27.5% · Operating margin 34% · 100% evidence Valuation 11.7/20 · P/E 20.9× · PEG 1.13 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 24.3% · 1 year 31.4% · 25% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 17.6 + 11.7 + 12 = 62.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. L&T Technology Services Ltd this page LTTS · breaking out · Evidence leans up · 85% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.7/35 · Revenue 9.2% · Profit 20.9% · Operating margin change 2 points · 100% evidence Capital efficiency 15.7/25 · ROCE 26.7% · Operating margin 19% · 100% evidence Valuation 7.1/20 · P/E 32.6× · PEG 2.86 · 100% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 22.7% · 1 year 3.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 26.7 + 15.7 + 7.1 + 11.6 = 61.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Persistent Systems Ltd](https://www.sectoralpha.in/stocks/persistent-systems-ltd) PERSISTENT · leader · Evidence leans up · 100% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 27.1% · Profit 8.3% · Operating margin change -5 points · 100% evidence Capital efficiency 18.9/25 · ROCE 34.4% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 53.6× · PEG 1.46 · 100% evidence Relative strength 9.8/20 · Lead over its industry 2.4% · Lead over NIFTY 500 15.6% · 1 year 2.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 17.9 + 18.9 + 8.6 + 9.8 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Tata Elxsi Ltd](https://www.sectoralpha.in/stocks/tata-elxsi-ltd) TATAELXSI · turning · Evidence leans down · 100% evidence 45.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 10% · Profit 0% · Operating margin change 1 points · 100% evidence Capital efficiency 18.4/25 · ROCE 30% · Operating margin 22% · 100% evidence Valuation 6.7/20 · P/E 32.8× · PEG 5.23 · 100% evidence Relative strength 3.9/20 · Lead over its industry -18.6% · Lead over NIFTY 500 -7.9% · 1 year -30.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.7 + 18.4 + 6.7 + 3.9 = 45.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 6. [Tata Technologies Ltd](https://www.sectoralpha.in/stocks/tata-technologies-ltd) TATATECH · quiet · Evidence leans down · 85% evidence 40.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue 21.9% · Profit -18.9% · Operating margin change 0 points · 100% evidence Capital efficiency 11.0/25 · ROCE 20.9% · Operating margin 16% · 100% evidence Valuation 5.9/20 · P/E 40× · PEG 7.27 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 0.4% · 1 year -6.5% · 25% evidence · 3 of 12 weeks ahead Exact sum: 14 + 11 + 5.9 + 9.4 = 40.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Cyient Ltd](https://www.sectoralpha.in/stocks/cyient-ltd) CYIENT · breaking out · Evidence leans down · 67% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.2/35 · Revenue 10.3% · Profit -34.2% · Operating margin change 2 points · 95% evidence Capital efficiency 7.8/25 · ROCE 12.3% · Operating margin 14% · 76% evidence Valuation 6.8/20 · P/E 30.6× · PEG n/a · 50% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 19.5% · 1 year -2.4% · 25% evidence · 10 of 12 weeks ahead Exact sum: 12.2 + 7.8 + 6.8 + 11.1 = 37.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [KPIT Technologies Ltd](https://www.sectoralpha.in/stocks/kpit-technologies-ltd) KPITTECH · basing · Evidence leans down · 85% evidence 37.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.6/35 · Revenue 9.2% · Profit -31.1% · Operating margin change -3 points · 100% evidence Capital efficiency 15.5/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 9.4/20 · P/E 25.2× · PEG 6.64 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -29.4% · 1 year -54.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 4.6 + 15.5 + 9.4 + 7.5 = 37 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT - ER&D](https://www.sectoralpha.in/sectors/it-er-d), all 8 compared on one page. ## Which companies are close to L&T Technology Services in size? L&T Technology Services is the 2nd largest of 8 IT - ER&D companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Persistent Systems. Just below it: Tata Technologies, Tata Elxsi, KPIT Technologies, Cyient and TAAL Tech. ### IT - ER&D companies close in size

1. [Persistent Systems Ltd](https://www.sectoralpha.in/stocks/persistent-systems-ltd) ₹1,00,296 crore
2. L&T Technology Services Ltd ₹45,411 crore
3. [Tata Technologies Ltd](https://www.sectoralpha.in/stocks/tata-technologies-ltd) ₹26,276 crore
4. [Tata Elxsi Ltd](https://www.sectoralpha.in/stocks/tata-elxsi-ltd) ₹23,614 crore
5. [KPIT Technologies Ltd](https://www.sectoralpha.in/stocks/kpit-technologies-ltd) ₹14,536 crore
6. [Cyient Ltd](https://www.sectoralpha.in/stocks/cyient-ltd) ₹12,615 crore
7. [TAAL Tech Ltd](https://www.sectoralpha.in/stocks/taal-tech-ltd) ₹1,298 crore

[All 8 IT - ER&D companies, largest first](https://www.sectoralpha.in/sectors/it-er-d#all-companies)

### Companies close in size in other industries

1. [PB Fintech Ltd](https://www.sectoralpha.in/stocks/pb-fintech-ltd) ₹46,280 crore · Insurance - Proxy
2. [Suzlon Energy Ltd](https://www.sectoralpha.in/stocks/suzlon-energy-ltd) ₹46,227 crore · Capital Goods - Engineering Heavy
3. L&T Technology Services Ltd ₹45,411 crore
4. [Navin Fluorine International Ltd](https://www.sectoralpha.in/stocks/navin-fluorine-international-ltd) ₹44,541 crore · Chemicals - Flourine
5. [Ajanta Pharma Ltd](https://www.sectoralpha.in/stocks/ajanta-pharma-ltd) ₹43,846 crore · Pharma - Formulators

## What else do people ask about L&T Technology Services? ### What is L&T Technology Services's share price today? L&T Technology Services Ltd's share price is ₹4,224.00, +2.6% over the past year. The whole company is worth ₹44,817 Cr on the market. In the last 52 weeks it traded between ₹3,048 to ₹4,676; today it is 72% of the way up from the low, 16.7% above its 200-day average (as of 3 November 2026). ### What were L&T Technology Services's latest quarterly results? L&T Technology Services Ltd reported revenue of ₹3,040 Cr and net profit of ₹549 Cr for the Sep 2026 quarter. Revenue rose 12.1% and profit rose 66.9% compared with a year earlier. Earnings per share were ₹51.67. The operating margin was 19.0%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is L&T Technology Services's market cap? L&T Technology Services Ltd's market capitalisation is ₹44,817 Cr at a share price of ₹4,224.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is L&T Technology Services performing? L&T Technology Services Ltd's share price has been falling for 40 weeks. In its latest quarter, revenue rose 12.1% and profit rose 66.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 15 weeks running (as of 3 November 2026). ### Will L&T Technology Services's share price go up? This page does not forecast L&T Technology Services Ltd's share price. What it shows instead: the share price is ₹4,224.00, and it has been falling for 40 weeks. Its P/E of 32.2× is higher than 50% of its own last 10 years (as of 3 November 2026). ### Does L&T Technology Services have too much debt? No, L&T Technology Services Ltd has little debt: its debt is 0.09× its equity, and its operating profit is 30 times its interest bill. FY26 borrowings were ₹578 Cr against equity of ₹6,473 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is L&T Technology Services in its business cycle? L&T Technology Services Ltd's FY26 operating margin was 18.0%, against a 12-year range of 15.0% to 22.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the L&T Technology Services story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is L&T Technology Services a stock worth studying right now? What the numbers show: L&T Technology Services Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a L&T Technology Services share price forecast for 2026? What management itself guided: H2 revenue stronger than H1 both on a year earlier and on the previous quarter with momentum strengthening while sustaining margins. ## Lists

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