We are here to estimate the LTTS share price targets for 2023 to 2030 based on research, history, market trends and technical analysis. L&T Technology Services Ltd is an engineering services company based in India. This company provides various engineering services in the aerospace, automotive, telecom and healthcare industries.
The company’s focus is on innovation in the field of engineering, research and development. It has shown consistent revenue growth and profitability over the years.
At present, LTTS’s share price is trading at Rs 3,723.80 on the National Stock Exchange of India (NSE). Over the past year, the stock has seen a trend of higher highs and higher lows and shows positive market sentiment in the engineering services sector.
Market experts are bullish on LTTS and predict further upside in the share price. There are several factors that help to drive LTTS’ financial growth in the coming years.
About LTTS
LTTS stands for “L&T Technology Services” Limited and is a leading global engineering services company that provides technology consulting, engineering design and product development solutions to various industries such as automotive, aerospace, industrial products, medical device, telecommunications and semiconductors.
The company was founded in 2013 as a subsidiary of Larsen & Toubro Limited (L&T) a leading engineering and construction company in India. It has grown into a global organization with more than 21,400 employees, serving more than 500 companies and 57 world-top ER&D companies in the industrial products, medical devices, transportation, telecommunications and health industries.
The company is expertise in various engineering domains such as mechanical, electrical, electronics, software and embedded systems. It provides a wide range of services such as engineering, consulting, product design and development, systems integration, test and validation, digital transformation, etc.
Fundamentals of LTTS
LTTS has been recognized as a leader in engineering services by various industry analysts and has won numerous awards for its innovative solutions and customer-centric approach.
So, the company has strong recognition in the market, yet, you must check fundamentals like revenue growth, net profit, net profit margin, debt and more before investing.
| Company Name | L&T Technology Services Limited (LTTS) |
| Industry | Engineering Services |
| Country | India |
| Primary Exchange | NSE/BSE |
| Traded Volume | 285413 |
| Market Cap | 29,332 |
| Revenue (yearly) | ₹ 8014 Cr |
| Net Profit | ₹ 309.60 Cr |
| Net Profit Margin | 14.68% |
| EPS (TTM) | 110.75 ( + 22% YoY) |
| Dividend Yield | 1.21 |
| ROE | 26.67% |
| P/E Ratio (TTM) | 33.62 |
| 52 Week Low | 2924.20 |
| 52 Week High | 4318.70 |
| Debt to Equity | 0.09 |
| Buy/ Sell/ Hold | Buy |
| Face Value | 2 |
| Official Website | https://www.ltts.com |
LTTS Share Price History- Last 5 Years
| Year | Low | High |
|---|---|---|
| 2018 | 1218.10 | 1761.10 |
| 2019 | 1468.45 | 1758.80 |
| 2020 | 1161.65 | 2339.60 |
| 2021 | 2433.90 | 5598.90 |
| 2022 | 3030.50 | 5130.50 |
Is LTTS a Good Stock to Buy?
LTTS has a strong reputation in the market over the years and has given huge returns in just five years. Below are the facts that why this stock is good to buy:
- Demand for Engineering Services: The global engineering services market is expected to grow over the next few years due to digital transformation and the adoption of emerging technologies. In this case, LTTS is likely to be beneficial as a technology service provider.
- Focus on Innovation: LTTS fulfils the needs of its customers by providing innovative technology solutions that drive the demand for LTTS and help in its growth.
- Diversified Client Base: LTTS has a diverse client base across industries such as aerospace, automotive, telecom, healthcare, energy and others. This mitigates the effects of any recession and offers many opportunities for growth.
- Strong Financial Position: The company has delivered steady revenue growth and profitability over the years. It has also maintained a healthy balance sheet with low debt levels and strong cash reserves, which attract investors.
Check Live Share Price:
Note: Readers are advised that the estimated target share price is based on our experience and technical analysis which may differ from the actual price. Therefore, do your own research and consult your financial advisor.
LTTS share price target for 2023 to 2030
Looking at its fundamentals and history, it has given strong financial results in just two years. Analysts expect LTTS to deliver healthy earnings growth in the coming years, which is likely to drive share prices higher in the future. The consensus target price for LTTS by 2025 is Rs 5,000.25. This represents a potential upside of 14% from the current share price.
2023
In 2023, the first possible target price for LTTS shares may be around Rs 3570.50 to Rs 3845.20, as per the market trends, history and our research. In the same year, it will increase and at the end of the year, another possible target price for LTTS shares can be Rs 3925.20 to Rs 4150.50.
- Year: 2023
- Minimum target price: Rs 3570.50 to Rs 3845.20
- Maximum target price: Rs 3925.20 to Rs 4150.50
2024
Based on our research and technical analysis, a minimum target price for LTTS shares may be Rs 4030.10 to Rs 4275.60. Then there will be an upside move in the share price and the maximum possible target price for LTTS shares could be Rs 4330.15 to Rs 4550.25 by 2024.
- Year: 2024
- Minimum target price: Rs 4030.10 to Rs 4275.60
- Maximum target price: Rs 4330.15 to Rs 4550.25
2025
As per our experience research and forecast system, the first possible target price for LTTS shares in 2025 could be Rs 4570.80 to Rs 4845.40. There will be an upside in the share price and the possible target price for LTTS shares by 2025 could be Rs 4925.40 to Rs 5250.10.
- Year: 2025
- Minimum target price: Rs 4570.80 to Rs 4845.40
- Maximum target price: Rs 4925.40 to Rs 5250.10
2026
Based on our research and forecast system, the lowest possible target price for LTTS shares in 2026 is in the range of Rs 5175.70 to Rs 5355.40. In the same year, it will increase and the maximum target price for LTTS shares can be Rs 5425.30 to Rs 5685.60 by the end of the year 2026.
- Year: 2026
- Minimum target price: Rs 5175.70 to Rs 5355.40
- Maximum target price: Rs 5425.30 to Rs 5685.60
2027
The first possible target price for LTTS shares in 2027 could be Rs 5590.30 to Rs 5735.40. It will again go up and the maximum possible target price for LTTS shares can be Rs 5755.40 to Rs 6065.20 at the end of the year by 2027.
- Year: 2027
- Minimum target price: Rs 5590.30 to Rs 5735.40
- Maximum target price: Rs 5755.40 to Rs 6065.20
2028
The company has huge upside potential and the first possible target for LTTS shares during 2028 is in the range of Rs 6175.70 to Rs 6355.40. In the same year, it will go up and the maximum target price for LTTS shares will be Rs 6425.30 to Rs 6785.60 by mid-year 2028.
- Year: 2028
- Minimum target price: Rs 6175.70 to Rs 6355.40
- Maximum target price: Rs 6425.30 to Rs 6785.60
2030
Based on our research and forecast system, the lowest possible target price for LTTS shares in 2030 is in the range of Rs 7175.30 to Rs 7350.20. In the same year, it will increase and the maximum target price for LTTS shares can be Rs 7435.10 to Rs 7545.90 by the end of year 2030.
- Year: 2030
- Minimum target price: Rs 7175.30 to Rs 7350.20
- Maximum target price: Rs 7435.10 to Rs 7545.90
Risk Factors
Along with many growth prospects, there are also many risks that investors should be aware of before investing. Some major risk factors are as follows:
- Dependence on Customers: LTTS derives a significant portion of its revenue from a few key customers. If one of these customers reduces its business with the company, it could have a significant impact on its financial performance.
- Competitive: The engineering services market is highly competitive, with several large players competing for market share. LTTS could face pricing pressure or lose business to competitors, which could impact its growth and profitability.
- Regulatory Risk: The engineering services industry is subject to various regulatory frameworks, and changes in regulations may affect LTTS’ operations and financial performance.
- Currency Fluctuations: LTTS generates a significant portion of its revenue in foreign currencies. Currency fluctuations may affect its financial performance and profitability.
- Cyber Security Risks: As a provider of engineering and R&D services, LTTS handles sensitive customer data. Any breach in its cyber security measures can lead to reputational damage, loss of customers and financial loss.
Note: Investing in shares is always risky, which should be considered before investing. To avoid this, you need to research well and take advice from your financial experts.
FAQs
LTTS stands for L&T Technology Services and is a global technology solutions provider. The company provides engineering, research and development (ER&D) services to various industries including aerospace, automotive, industrial products, medical devices, telecommunications and others.
The current price of LTTS shares in May 2023 is Rs 3720.00.
The possible maximum target price for LTTS shares by 2025 could be Rs 4925.40 to Rs 5250.10.
The maximum target price for LTTS shares by 2030 could be Rs 7435.10 to Rs 7545.90.
There are several factors that can affect LTTS share prices in the market, as it depends on several other companies. Besides company performance, industry trends, and others. Investors should stay updated on the latest news regarding LTTS and related industries.
Conclusion
LTTS is a leading engineering services company with a diverse client base in the world. The company is well-positioned and gets benefits from the strong demand for engineering services and emerging technologies in the years ahead. Based on the strong financial performance and positive market sentiment, analysts expect LTTS’s share price to continue gaining momentum and reach a target price of Rs 4925.40 to Rs 5250.10 by 2025.
Disclaimer: Share price targets are for general information only. We are not SEBI-registered financial advisors and no part of the website content should be considered as financial advice. Trading is an uncertain business, please consult your financial advisor before investing.
