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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
L&T Technology Services Limited is an India-based engineering research and development (ER&D) services provider. The Company offers consultancy, design, development and testing services across the product and process development lifecycle. It operates in three segments:…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, reasonably priced.
L&T Tech is scored on the general / industrial framework. It keeps a healthy 11.4% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.14× reported profit. Free cash flow is worth about 2.2% of its market value.
Over the last 3 years revenue compounded at 8%/yr and profit at 2%/yr. Book value has grown 9%/yr. Return on equity is an elite 21.7%. In the latest quarter profit grew 54% versus the prior quarter.
At 35× earnings, the stock sits at the 36th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~14%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 29.25 | 43.72 | better |
| P/B | 6.37 | 3.04 | worse |
| EV/EBITDA | 18.11 | — | — |
| ROE | 21.74 | 8.86 | better |
| ROCE | 26.41 | 12 | better |
| ROA | 14.86 | 7.01 | better |
| Quick Ratio | 2.27 | 1.96 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| TCS | 17.4 | 7.6 | 43.4% |
| Infosys | 15.6 | 5.1 | 31.0% |
| HCL Technologies | 21.3 | 5.1 | 24.1% |
8% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (8% vs 2%) — costs are rising faster than the top line.
Operating margin has compressed from 19% to 15% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 19% — a respectable return on shareholder capital.
3% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (8% spread) — a predictable, non-seasonal revenue stream.
Profit jumped 54% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (11% → 18%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 73.5% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.