LTTS
L&T Technology Services Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
LTTS
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹3,555 today
BEAR
₹3,287
-8%
8% a year · 25.2x exit
BASE
₹4,451
+25%
13.8% a year · 32.4x exit
BULL
₹6,407
+80%
18.8% a year · 44.7x exit
Where the market has priced it
15x30x today56x
- the guided figure reached earnings through a low-confidence bridge
- FY27 one quarter filed — the pace is shown, not judged: guided +14.0%, filed +11.4% across 1 quarter(s)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹120.68 (screener) |
|---|---|
| Guided growth | 13.8% a year, said on the call of 20-Jul-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 25.22x / 32.4x / 44.69x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 29.36x across 19 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 13–15%
With a strong foundation in place, we remain focused on executing our Lakshya 31 strategy and achieving our aspiration of 13-15% CAGR for revenue over the next 5 years while maintaining EBIT margins between 16-17%.
Call 20-Jul-2026 · bridge confidence low · transcript PDF
Pace against its own guidance
FY27
one quarter filed — the pace is shown, not judged
guided 14.0%
filed 11.4%
1 of 4 quarters