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LTTS - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.3

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.3

Stock Code LTTS Market Cap 35,599 Cr. Current Price 3,360 ₹ High / Low 4,752 ₹
Stock P/E 28.6 Book Value 545 ₹ Dividend Yield 1.63 % ROCE 27.9 %
ROE 21.7 % Face Value 2.00 ₹ DMA 50 3,622 ₹ DMA 200 4,112 ₹
Chg in FII Hold -0.45 % Chg in DII Hold 0.44 % PAT Qtr 314 Cr. PAT Prev Qtr 307 Cr.
RSI 47.3 MACD -109 Volume 2,38,997 Avg Vol 1Wk 10,08,359
Low price 3,010 ₹ High price 4,752 ₹ PEG Ratio 3.09 Debt to equity 0.10
52w Index 20.1 % Qtr Profit Var 4.54 % EPS 115 ₹ Industry PE 23.1

📊 Core Financials

  • Revenue & Profitability: PAT rose sequentially (₹307 Cr → ₹314 Cr), showing steady growth. EPS at ₹115 reflects strong earnings capacity.
  • Margins: ROCE at 27.9% and ROE at 21.7% highlight excellent efficiency and profitability.
  • Debt: Debt-to-equity ratio of 0.10 indicates very low leverage and strong balance sheet health.
  • Cash Flow: Operating performance is robust, supported by consistent profitability.

💹 Valuation Indicators

  • P/E: 28.6, above industry average (23.1), suggesting premium valuation.
  • P/B: 6.16 (₹3,360 / ₹545), reflecting high market expectations.
  • PEG Ratio: 3.09, indicating growth is priced at a premium.
  • Intrinsic Value: Current price ₹3,360 is above fair value; better entry closer to ₹3,100–3,250.

🏢 Business Model & Competitive Advantage

  • Strong presence in engineering and technology services with global clientele.
  • High ROCE and ROE demonstrate superior capital efficiency.
  • Low debt enhances resilience and long-term sustainability.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹3,100–3,250 range offers attractive entry.
  • Long-Term Holding: Suitable for investors seeking exposure to engineering R&D services, though valuation premium warrants caution.


✅ Positive

  • Strong ROCE (27.9%) and ROE (21.7%) highlight excellent profitability.
  • Debt-to-equity ratio of 0.10 ensures financial stability.
  • DII holdings increased by 0.44%, showing domestic institutional confidence.
  • Dividend yield of 1.63% adds to shareholder returns.

⚠️ Limitation

  • High P/E (28.6) compared to industry average (23.1).
  • High P/B ratio reflects premium valuation.
  • PEG ratio (3.09) suggests growth is expensive.
  • Stock trading below DMA 50 (₹3,622) and DMA 200 (₹4,112), showing weak momentum.

📉 Company Negative News

  • FII holdings decreased by 0.45%, showing reduced foreign investor confidence.
  • Technical indicators (MACD -109) suggest bearish momentum.

📈 Company Positive News

  • Sequential PAT growth from ₹307 Cr to ₹314 Cr.
  • DII holdings increased by 0.44%, reflecting strong domestic institutional support.
  • Dividend yield of 1.63% supports investor returns.

🏭 Industry

  • Industry P/E at 23.1, lower than company’s P/E (28.6), indicating premium valuation.
  • Engineering and technology services sector remains resilient with strong demand for R&D outsourcing.

🔎 Conclusion

  • LTTS demonstrates strong fundamentals with excellent profitability and low debt.
  • Valuation is premium compared to industry, making entry less attractive at current levels.
  • Entry zone between ₹3,100–3,250 is favorable for long-term investors.
  • Overall, a fundamentally strong company with growth prospects, though short-term momentum weakness and valuation premium warrant caution.

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