L&T TECHNOLOGY SERVICES
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The Current P/E Ratio of L&T TECHNOLOGY SERVICES is 32.32.
| Share Price | ₹3,837.7 | Jan 23,2026 |
| Market Cap | ₹40,679.6 Cr | |
| Earnings-TTM | ₹1,258.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 32.32x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of L&T TECHNOLOGY SERVICES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹40,679.6 Cr] as on Jan 23,2026
(/) Earnings [ ₹1,258.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 32.32x ]
Thus, for L&T TECHNOLOGY SERVICES , the investors are currently willing to pay 32.32 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of L&T TECHNOLOGY SERVICES !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of L&T TECHNOLOGY SERVICES over the last five years.
Historical PE (Price/Earnings) ratio chart of L&T TECHNOLOGY SERVICES
PE Ratio Performance Analysis for L&T TECHNOLOGY SERVICES
- L&T TECHNOLOGY SERVICES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 41.98x.
- L&T TECHNOLOGY SERVICES 's operated at median p/e ratio of 42.03x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, L&T TECHNOLOGY SERVICES 's p/e ratio peaked in Mar2022 at 56.25x.
- L&T TECHNOLOGY SERVICES 's p/e ratio hit its five-year low in Mar2023 of 29.39x.
How does L&T TECHNOLOGY SERVICES 's P/E Ratio benchmark against top 10 peers in IT - Software Industry?
| Peer Comparison (IT - Software Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| L&T TECHNOLOGY SERVICES | 1,258.60 | 32.32 | 40,679.6 |
| TATA CONSULTANCY SERVICES LTD | 47,963.00 | 23.84 | 1,143,620.0 |
| INFOSYS LTD | 28,003.00 | 24.19 | 677,373.0 |
| HCL TECHNOLOGIES LTD | 16,471.00 | 28.12 | 463,114.0 |
| WIPRO LTD | 13,279.90 | 18.82 | 249,962.0 |
| TECH MAHINDRA LTD | 4,593.60 | 36.29 | 166,689.0 |
| LTIMINDTREE LTD | 4,724.00 | 36.86 | 174,127.0 |
| PERSISTENT SYSTEMS LTD | 1,731.62 | 56.00 | 96,976.8 |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD | 2,441.50 | 28.37 | 69,255.6 |
| COFORGE LTD | 1,314.20 | 41.80 | 54,934.0 |
| MPHASIS LTD | 1,802.93 | 29.07 | 52,404.2 |
IT - Software Industry Benchmark (Top 10) PE Analysis vs L&T TECHNOLOGY SERVICES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 18.82x |
| Max industry PE | 56.00x |
| Median industry PE | 29.07x |
| Average industry PE | 32.33x |
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