L&T Technology (LTTS)

FairStock Score: 59/100 — STEADY

Score breakdown: P/E: 1/3 · ROCE: 2/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I wear Buffett’s glasses and Graham’s ruler when I look at L&T Technology. It is an IT-enabled services firm with a ₹36,878 Cr market cap, ₹2,924 Cr latest-quarter sales, and ₹303 Cr net profit. Quality is visible: ROE 20.69%, ROCE 28.29%, debt/equity only 0.09, Piotroski F-Score 8/9, Altman Z-Score 4.83, and FCF ₹972 Cr. That suggests a conservatively financed, cash-generative enterprise. Promoter holding of 73.58% aligns interests, and a 1.67% dividend yield is modest but real. The moat is not directly disclosed; high ROE and ROCE imply some competitive advantage, but I cannot confirm its durability from these figures. Growth is mixed: 5-year revenue CAGR of 13.68% is respectable, and profit growth is 12.80%, but current sales growth is only 2.60%. So the top line has slowed while profits are still improving. Valuation is where Graham would balk. At ₹3476.80, P/E is 28.82 and P/B is 5.69. The Graham Number is ₹1239.44, giving a margin of safety of -183.39%, and DCF intrinsic value is ₹967.25. I am paying about 3.6 times DCF value. The stated EV/EBITDA of -26.96 is an anomaly I would need to understand, but it is not comforting. FairStock Score 59/100 (STEADY) confirms average. Even the 52-week low of ₹3010 is above my intrinsic estimates. This is a good business, not a bargain. For an Indian retail investor, patience and a margin of safety matter more than FOMO.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer