L&T Technology Services Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹37,248 Cr
- Book Value
- ₹611
- Stock P/E
- 27.7
- Dividend Yield
- 1.66%
- ROE
- 21.5%
- ROCE
- 26.7%
- PEG Ratio
- 1.76
- EV/EBITDA
- 16.1
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·L&T Technology Services Ltd closed at ₹3,540.90 on 19 August 2026, up 0.9% on the day, 4.2% above its 50-day average, 25.1% below its 52-week high, with volume at 1.35× its 20-session average.
- RSI 14
- 53.4
- vs 50-day SMA
- +4.2%
- vs 200-day SMA
- -4.4%
- From 52-week high
- -25.1%
- Relative volume
- 1.35×
- 20-day return
- +6.2%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
L&T Technology Services share price today
L&T Technology Services (NSE: LTTS) is pure-play engineering R&D — not IT maintenance, but the outsourced design of the products themselves: vehicle software, medical devices, plant engineering, telecom silicon. Global companies now externalise engineering the way they externalised IT twenty years ago, and India hosts the talent arbitrage plus, increasingly, the innovation itself.
Within the listed ER&D trio, LTTS is the broad-spectrum player — mobility, tech, and process/plant engineering — and, at 27.7× with a 1.7% dividend yield, decisively the cheapest quality franchise in the space. This is where ER&D value is easiest to see, though growth still has to justify the multiple.
Breadth as strategy
Where KPIT went all-in on automotive software and Tata Elxsi on design, LTTS kept three legs: mobility (auto/aero engineering), tech (semis, media, hyperscalers), and plant engineering (the L&T parentage advantage — process-industry digitalisation few rivals match). Breadth smooths sector cycles and lets large multi-vertical deals land. The 26.7% ROCE and steady mid-teens compounding do the rest.
Watch-items: auto-sector R&D budget cycles, the SWC (software-defined everything) deal pipeline, wage inflation on an 17.8% OPM, and parent-related governance (L&T’s 73.5% holding keeps float thin).
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹37,248 Cr |
| P/E (TTM) | 27.7 |
| EV/EBITDA | 16.1 |
| Operating margin | 17.8% |
| ROE / ROCE | 21.5% / 26.7% |
| Debt to equity | 0.09 |
| Sales CAGR (5y) | 15.1% |
| Profit CAGR (5y) | 15.8% |
| Promoter holding | 73.5% |
| EPS (TTM) | ₹126.4 |
LTTS share price target 2026 to 2030
EPS base ₹126.4 (TTM). Bear: global R&D budgets freeze — 7% growth, multiple at 19×. Base: ER&D outsourcing compounds mid-teens — 13% growth at 25×. Bull: software-defined products accelerate every vertical — 17% growth at 32×.
From ₹3,502, the base case is ≈ +66% over four and a half years plus the 1.7% yield — and the bear case is only −4%. The scenario balance is favourable, but engineering budgets, wage costs and large-deal conversion can still alter it.
Reasons to own LTTS (at the right price)
- The cheapest quality ER&D franchise — 27.7× against peers at 33–74×.
- Three-vertical breadth smooths what pure-plays suffer alone.
- Plant-engineering moat inherited from the L&T parent — rivals can’t fake process depth.
- ER&D outsourcing is a structural decade trade, not an IT-budget cycle.
- 26.7% ROCE, near-zero debt, and a real dividend while you compound.
The risks: auto R&D cycles bite the mobility segment, ER&D pricing is deal-lumpy, and the thin float exaggerates every disappointment.
What to weigh at the current price
LTTS offers diversified engineering R&D exposure at a lower multiple than specialist peers, but breadth can also mean slower growth. Large-deal conversion, margins and demand across mobility, technology and plant engineering are the key tests.
FAQ
What is the LTTS share price target for 2030? The table above presents bear, base and bull paths through 2030. Each depends on the stated EPS-growth and valuation assumptions; none is a guaranteed outcome.
How is LTTS different from an IT services company? IT services maintain systems; ER&D designs products. LTTS engineers vehicle software, medical devices and plants — higher-value work, stickier client relationships, different budget line.
Why is LTTS cheaper than KPIT or Tata Elxsi? Slower headline growth and a diversified (less story-pure) mix. The scenarios above show what that discount buys: near-zero modelled downside with teens compounding.
When are LTTS’s next results? Check the results calendar and confirm the announced date in the exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.