Stock Name : L&T Technology/Tips Open Buy : 2,504 Posted Date : Jan 5, 2021
Stopless/Horizon : 2378 Target : 2879     

Overview:L&T Technology Services Limited (LTTS) operates in IT Software sector, it is a Mid Cap company with a market capital of Rs 24630.59 Crore.LTTS is a global leader in Engineering and R&D (ER&D) services.

About the company:LTTS was incorporated in 2012, the company was created by combining following two strategic business units: Product Engineering Service (PES) of Larsen and Toubro Infotech Limited and integrated engineering services (IES) from L&T.

LTTS is a publicly listed subsidiary of the $20 billion Indian conglomerate Larsen & Toubro Limited which operates in over 30 countries.

L&T Technology Services Limited is focused on offering innovative design and development solutions across the product development value chain, for industries such as industrial products, transportation, aerospace, telecommunications and the process industry.The company specialize in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport. World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World are among the innovations of the company.The company has 283 customers across the globe.

LTTS’s clients include 69 of the global fortune-500 companies and 51 of the top 100 R&D spenders.

LTTS has 15,902employees across the world andit owns 52 Innovation and R&D design centres globally.

LTTS has filed or/andco-authored over 550 patents across multiple industries (As of 30/8/2020).

Management:Mr. A. M. Naik is the Founder &Chairman of LTTS and DrKeshab Panda is the Chief Executive Officer and Managing Director.

Shareholding Pattern (2020):
• Promoter: 74.4%
• MF: 5.2%
• FII: 8%
• Other Institutions: 0.7%
• Public: 11.8%

Dividend:L&T Technology Services has declared an equity dividend of 1050.00% amounting to Rs 21 per share for the year ending March 2020.

Sales Report:For the latest quarter (30-09-2020), LTTS posted a consolidated sale of Rs 1313.80 Crore, which up 1.48 % against last quarter sales of Rs 1294.70 Crore, but down -6.30 % from the previous year same quarter sales of Rs 1402.10 Crore.LTTS’s consolidated net profit slipped 19.4% to Rs 166.30 crore for the same period.

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