L&T Technology Services Ltd. benchmarking: Performance to industry peers

Financial

	L&T Technology Serv.	Mphasis	Tata Elxsi
Operational Metrics
IT
Net Sales by Employee Cost	1.78 .	1.8 .	1.74 .
Constant Currency Growth - YoY	3.9 %	7.4 %	-5.5 %
Financials
5 yr Average ROE	23.08 %	18.79 %	22.69 %
5yr average Equity Multiplier	1.62	1.53	1.87
5yr Average Asset Turnover Ratio	1.07	1.04	1.55
5yr Avg Net Profit Margin	13.32 %	11.85 %	7.8 %
Price to Book	5.73	3.81	8.26
P/E	29.0	21.97	39.99
5yr Avg Cash Conversion Cycle	75.3 Days	80.83 Days	-908.87 Days
Inventory Days	0.09 Days	0.0	0.14 Days
Days Receivable	75.14 Days	80.83 Days	66.54 Days
Days Payable	0.0	0.0	432.72 Days
5yr Average Interest Coverage Ratio	32.7	18.37	63.65
5yr Avg ROCE	28.83 %	24.74 %	30.08 %
5yr Avg Operating Profit Margin	19.3 %	17.93 %	13.85 %
5 yr average Debt to Equity	0.0	0.12	0.12
5yr CAGR Net Profit	5.98 %	5.42 %	25.69 %
5yr Average Return on Assets	14.28 %	12.31 %	11.9 %
Shareholdings
Promoter Holding	73.57 %	30.55 %	43.9 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.28 %	-25.08 %	-0.02 %
Change in Mutual Fund Holding (3 Yrs)	2.68 %	17.85 %	-0.68 %

Business

	L&T Technology Serv.	Mphasis	Tata Elxsi
Product Wise Break-Up	Product Wise Break-Up Software Services 100.0 License income 0 Customer service 0 Transaction processing service 0 Service / Technical helpdesk 0 Business Process Services 0 Infrastructure management services 0 Application maintenance 0 Application development 0 System integration & support services 0 Software development & services 0	Product Wise Break-Up System integration & support services 0 License income 0 Software Services 0 Application development 0 Software development & services 0 Service / Technical helpdesk 0 Customer service 0 Transaction processing service 0 Infrastructure Management Services (IMS) 10.2 Application Maintenance 74.94 Business Process Services 14.86	Product Wise Break-Up System Integration 2.57 License income 0 Software Services 0 Application development 0 Software Services 97.43 Service / Technical helpdesk 0 Customer service 0 Transaction processing service 0 Infrastructure management services 0 Application maintenance 0 Business Process Services 0
Location Wise Break-Up	Location Wise Break-Up North America 60.4 Europe 18.3 India 13.3 Rest of the World 8.0 EMEA 0 USA 0	Location Wise Break-Up India 0 Rest of the World 7.32 North America 0 USA 83.37 Europe 0 EMEA 9.31	Location Wise Break-Up India 16.8 Rest of the World 0 North America 0 USA 28.9 Europe 43.1 EMEA 0 Others 11.2
Verticals	Verticals Sustainability 36.13 Transportation 32.02 Telecom & Hi-Tech 31.85 Medical Devices 0 Industrial Products 0 Plant Engineering 0 Logistics & Transportation 0 Emerging Industries 0 0 Insurance 0 Banking and Capital Market 0 SI & Others 0 Industrial Design 0 Healthcare 0 Media & Communication 0 Automotive / Transportation 0	Verticals Media & Communication 0 Medical Devices 0 Automotive / Transportation 0 Insurance 5.45 Software Services 18.55 Telecom & Hi-Tech 0 Industrial Products 0 Banking 52.25 Healthcare 0 Logistics 15.09 Plant Engineering 0 Emerging Industries 0 Sustainability 0 Industrial Design 0 SI & Others 0 Transportation 0 Others 8.66	Verticals Media & Entertainment 32.7 Medical Devices 0 Automobile 56.3 Insurance 0 0 Telecom & Hi-Tech 0 Industrial Products 0 Banking and Capital Market 0 Healthcare 9.3 Logistics & Transportation 0 Plant Engineering 0 Emerging Industries 0 Sustainability 0 Industrial Design 0 SI & Others 0 Transportation 0 Others 1.7
Operating Profit Break-Up	Operating Profit Break-Up Sustainability 53.13 Transportation 26.4 Telecom & Hi-Tech 20.47 Plant Engineering 0 Medical Devices 0 Industrial Products 0 Insurance 0 0 Logistics and Transportation 0 Banking and Capital Market 0 System integration & support services 0 Software development & services 0	Operating Profit Break-Up Medical Devices 0 Insurance 15.69 Software Services 15.77 System integration & support services 0 Software development & services 0 Telecom & Hi-Tech 0 Industrial Products 0 Banking and Capital Market 57.2 Logistics 2.85 Plant Engineering 0 Sustainability 0 Transportation 0 Others 8.49	Operating Profit Break-Up Medical Devices 0 Insurance 0 0 System integration & support services 2.42 Software development & services 97.58 Telecom & Hi-Tech 0 Industrial Products 0 Banking and Capital Market 0 Logistics and Transportation 0 Plant Engineering 0 Sustainability 0 Transportation 0
Onsite vs Offsite	Onsite vs Offsite Offshore 53.5 Onsite 46.5	Onsite vs Offsite Onsite 58.32 Offshore 41.63 Others 0.05	Onsite vs Offsite Onsite 25.0 Offshore 75.0
Client Break-Up	Client Break-Up $1 mn clients 46.04 $5 Mn+ 14.39 $10 mn clients 6.71 $20 Mn+ 2.88 30 Million dollar + 1.68 50 Million dollar + 0 >100M 0 >75M 0 >50M 0 >20M 0 >10M 0 >5M 0 >1M 0 Others 28.3	Client Break-Up >5M 21.07 $20 Mn+ 0 >100M 1.65 $5 Mn+ 0 >50M 3.31 >10M 11.57 >75M 2.48 50 Million dollar + 0 >20M 5.79 30 Million dollar + 0 $1 mn clients 0 $10 mn clients 0 >1M 54.13	-
Contract Type	Contract Type Time & Material 66.1 Fixed Price Contracts 33.9 Transaction Based 0 Fixed price 0 Time and material 0 T&M 0	Contract Type Fixed Price Contracts 31.93 Time & Material 0 Transaction Based 9.95 Fixed Price Contracts 0 T&M 0 Time & Material 58.08 Others 0.04	Contract Type Fixed Price Contracts 58.9 Time & Material 0 Transaction Based 0 Fixed Price Contracts 0 Time & Material 41.1 Time and material 0

L&T Technology Services Ltd.

L&T Technology Services Ltd.

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