L&T Technology Services Limited (LTTS) - Net Assets
Based on the latest financial reports, L&T Technology Services Limited (LTTS) has net assets worth Rs63.20 Billion INR (≈ $683.48 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs99.42 Billion ≈ $1.08 Billion USD) and total liabilities (Rs36.22 Billion ≈ $391.73 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check L&T Technology Services Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs63.20 Billion |
| % of Total Assets | 63.57% |
| Annual Growth Rate | 166.71% |
| 5-Year Change | 75.05% |
| 10-Year Change | 458.11% |
| Growth Volatility | 285915.26 |
L&T Technology Services Limited - Net Assets Trend (2013–2025)
This chart illustrates how L&T Technology Services Limited's net assets have evolved over time, based on quarterly financial data. Also explore LTTS total assets for the complete picture of this company's asset base.
Annual Net Assets for L&T Technology Services Limited (2013–2025)
The table below shows the annual net assets of L&T Technology Services Limited from 2013 to 2025. For live valuation and market cap data, see L&T Technology Services Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs60.98 Billion ≈ $659.42 Million |
+14.02% |
| 2024-03-31 | Rs53.48 Billion ≈ $578.34 Million |
+20.10% |
| 2023-03-31 | Rs44.53 Billion ≈ $481.56 Million |
+6.63% |
| 2022-03-31 | Rs41.76 Billion ≈ $451.64 Million |
+19.90% |
| 2021-03-31 | Rs34.83 Billion ≈ $376.69 Million |
+25.50% |
| 2020-03-31 | Rs27.75 Billion ≈ $300.16 Million |
+11.82% |
| 2019-03-31 | Rs24.82 Billion ≈ $268.44 Million |
+28.17% |
| 2018-03-31 | Rs19.37 Billion ≈ $209.45 Million |
+30.40% |
| 2017-03-31 | Rs14.85 Billion ≈ $160.62 Million |
+35.94% |
| 2016-03-31 | Rs10.93 Billion ≈ $118.15 Million |
+6.55% |
| 2015-03-31 | Rs10.25 Billion ≈ $110.89 Million |
+110.56% |
| 2014-03-31 | Rs4.87 Billion ≈ $52.67 Million |
+1034508.47% |
| 2013-03-31 | Rs470.70K ≈ $5.09K |
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Equity Component Analysis
This analysis shows how different components contribute to L&T Technology Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5211202930000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs52.11 Billion | 85.71% |
| Common Stock | Rs212.00 Million | 0.35% |
| Other Comprehensive Income | Rs-3.81 Billion | -6.27% |
| Other Components | Rs12.29 Billion | 20.22% |
| Total Equity | Rs60.80 Billion | 100.00% |
L&T Technology Services Limited Competitors by Market Cap
The table below lists competitors of L&T Technology Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhuzhou Smelter Group Co Ltd
SHG:600961
|
$4.16 Billion |
|
Science Applications International Corporation Common Stock
NYSE:SAIC
|
$4.16 Billion |
|
Shenzhen Fortune Trend Technology Co Ltd
SHG:688318
|
$4.16 Billion |
|
Trex Company Inc
NYSE:TREX
|
$4.16 Billion |
|
LG Display
KO:034220
|
$4.15 Billion |
|
Valvoline Inc
NYSE:VVV
|
$4.15 Billion |
|
Youngy Co Ltd
SHE:002192
|
$4.15 Billion |
|
Gentera S.A.B. de C.V
MX:GENTERA
|
$4.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in L&T Technology Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 53,271,000,000 to 60,800,000,000, a change of 7,529,000,000 (14.1%).
- Net income of 12,667,000,000 contributed positively to equity growth.
- Dividend payments of 5,292,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 265,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs12.67 Billion | +20.83% |
| Dividends Paid | Rs5.29 Billion | -8.7% |
| Other Comprehensive Income | Rs-265.00 Million | -0.44% |
| Other Changes | Rs419.00 Million | +0.69% |
| Total Change | Rs- | 14.13% |
Book Value vs Market Value Analysis
This analysis compares L&T Technology Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.33x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 40641.55x to 6.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs0.09 | Rs3626.30 | x |
| 2014-03-31 | Rs919.19 | Rs3626.30 | x |
| 2015-03-31 | Rs100.84 | Rs3626.30 | x |
| 2016-03-31 | Rs107.44 | Rs3626.30 | x |
| 2017-03-31 | Rs142.44 | Rs3626.30 | x |
| 2018-03-31 | Rs184.37 | Rs3626.30 | x |
| 2019-03-31 | Rs236.09 | Rs3626.30 | x |
| 2020-03-31 | Rs262.79 | Rs3626.30 | x |
| 2021-03-31 | Rs329.36 | Rs3626.30 | x |
| 2022-03-31 | Rs394.63 | Rs3626.30 | x |
| 2023-03-31 | Rs418.86 | Rs3626.30 | x |
| 2024-03-31 | Rs502.62 | Rs3626.30 | x |
| 2025-03-31 | Rs573.30 | Rs3626.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently L&T Technology Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.87%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.59x
- Recent ROE (20.83%) is below the historical average (22.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -7.47% | 0.00% | 0.00x | 1.06x | Rs-82.23K |
| 2014 | 0.09% | 0.35% | 0.20x | 1.31x | Rs-480.46 Million |
| 2015 | 30.32% | 11.87% | 1.44x | 1.77x | Rs2.08 Billion |
| 2016 | 38.14% | 13.59% | 1.60x | 1.76x | Rs3.07 Billion |
| 2017 | 28.60% | 13.08% | 1.51x | 1.45x | Rs2.76 Billion |
| 2018 | 26.13% | 13.50% | 1.39x | 1.40x | Rs3.12 Billion |
| 2019 | 30.88% | 15.08% | 1.51x | 1.36x | Rs5.18 Billion |
| 2020 | 29.57% | 14.57% | 1.31x | 1.55x | Rs5.42 Billion |
| 2021 | 19.10% | 12.17% | 1.07x | 1.46x | Rs3.16 Billion |
| 2022 | 22.99% | 14.57% | 1.08x | 1.46x | Rs5.41 Billion |
| 2023 | 27.33% | 13.75% | 1.08x | 1.85x | Rs7.69 Billion |
| 2024 | 24.47% | 13.51% | 1.14x | 1.59x | Rs7.71 Billion |
| 2025 | 20.83% | 11.87% | 1.11x | 1.59x | Rs6.59 Billion |
Industry Comparison
This section compares L&T Technology Services Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,245,774,409
- Average return on equity (ROE) among peers: 11.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| L&T Technology Services Limited (LTTS) | Rs63.20 Billion | -7.47% | 0.57x | $4.16 Billion |
| AAA Technologies Limited (AAATECH) | $253.85 Million | 11.30% | 0.09x | $13.80 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.80 Billion | 49.66% | 0.42x | $187.02 Million |
| Adroit Infotech Limited (ADROITINFO) | $159.54 Million | -2.39% | 0.01x | $5.85 Million |
| Airan Limited (AIRAN) | $188.59 Million | 6.62% | 0.62x | $22.15 Million |
| Alankit Limited (ALANKIT) | $3.75 Million | 22.76% | 4.62x | $27.04 Million |
| Bartronics India Limited (ASMS) | $664.69 Million | -75.68% | 23.36x | $25.79 Million |
| BIRLASOFT LIMITED (BSOFT) | $1.42 Billion | 22.91% | 0.88x | $1.11 Billion |
| Computer Age Management Services Limited (CAMS) | $7.82 Billion | 36.45% | 0.40x | $1.98 Billion |
| Cigniti Technologies Limited (CIGNITITEC) | $115.76 Million | 0.58% | 0.23x | $351.04 Million |
| Cambridge Technology Enterprises Limited (CTE) | $29.18 Million | 47.30% | 0.49x | $6.93 Million |
About L&T Technology Services Limited
L&T Technology Services Limited operates as an engineering research and development services company in India, North America, Europe, and internationally. It operates through three segments: Mobility, Sustainability, and Tech. The company offers digital engineering and consulting services, including artificial intelligence, cybersecurity, immersive experiences, industry 4.0 consulting, product co… Read more