Cyient vs L&T Technology Services vs KPIT Technologies: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Cyient PE 28.93, mkt cap Rs 11,987 crore. L&T Technology Services PE 26.42, mkt cap Rs 34,932 crore. KPIT Technologies PE 13.72, mkt cap Rs 7,863 crore.
Quick Answer
Cyient vs L&T Technology Services vs KPIT Technologies is a side-by-side comparison of three companies from the Engineering R&D and ER&D Services space. On this comparison, Cyient carries a market capitalisation of about Rs 11,987 crore against Rs 34,932 crore for L&T Technology Services and Rs 7,863 crore for KPIT Technologies, with return on equity of 8.48%, 19.76% and 12.60% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Cyient vs L&T Technology Services vs KPIT Technologies starts with the core numbers most investors compare within the Engineering R&D and ER&D Services segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Engineering R&D and ER&D Services bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
Click Here – Get Free Investment Predictions
Cyient, L&T Technology Services and KPIT Technologies: Company Overview
Cyient is a listed Indian company in the Engineering R&D and ER&D Services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
L&T Technology Services is a listed Indian company in the Engineering R&D and ER&D Services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
KPIT Technologies is a listed Indian company in the Engineering R&D and ER&D Services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Cyient vs L&T Technology Services vs KPIT Technologies: Valuation and Profitability Snapshot
| Metric | Cyient | L&T Technology Services | KPIT Technologies |
|---|---|---|---|
| Market Cap (approx.) | Rs 11,987 crore | Rs 34,932 crore | Rs 7,863 crore |
| PE Ratio (TTM) | 28.93 | 26.42 | 13.72 |
| PB Ratio | 2.11 | 5.40 | 1.91 |
| Return on Equity (ROE) | 8.48% | 19.76% | 12.60% |
| EPS (TTM, Rs) | 37.27 | 124.62 | 20.49 |
| Dividend Yield | 1.48% | 1.76% | 2.31% |
| Debt to Equity | 0.08 | 0.09 | 0.03 |
| Book Value per Share (Rs) | 511.16 | 610.14 | 147.07 |
Check the Univest Screener for Live Data
On valuation, Cyient trades at a PE of 28.93 and a PB of 2.11, L&T Technology Services at a PE of 26.42 and a PB of 5.40, while KPIT Technologies trades at a PE of 13.72 and a PB of 1.91. On return on equity, the three post 8.48%, 19.76% and 12.60% respectively, and on dividend yield they stand at 1.48%, 1.76% and 2.31%.
Cyient vs L&T Technology Services vs KPIT Technologies: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Cyient | Rs 2,082.60 crore | Rs 108.70 crore | +16.9% | +6.6% |
| L&T Technology Services | Rs 2,969.20 crore | Rs 357.10 crore | +9.8% | +1.9% |
| KPIT Technologies | Rs 1,408.43 crore | Rs 161.00 crore | +6.9% | +4.7% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
Download the Univest iOS App or Univest Android App to track Cyient, L&T Technology Services and KPIT Technologies live prices.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three engineering r&d and er&d services names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Cyient vs L&T Technology Services vs KPIT Technologies highlights how differently three companies in the same engineering r&d and er&d services segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Cyient vs L&T Technology Services vs KPIT Technologies
What is the market cap difference between Cyient, L&T Technology Services and KPIT Technologies?
Ans. As of September 2026, Cyient has a market cap of approximately Rs 11,987 crore, L&T Technology Services is at approximately Rs 34,932 crore, and KPIT Technologies is at approximately Rs 7,863 crore.
Which of the three has the highest PE ratio?
Ans. Among Cyient, L&T Technology Services and KPIT Technologies, the PE ratios stand at 28.93, 26.42 and 13.72 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Cyient, L&T Technology Services and KPIT Technologies post ROE of 8.48%, 19.76% and 12.60% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Cyient, L&T Technology Services and KPIT Technologies carry dividend yields of 1.48%, 1.76% and 2.31% respectively.
What is the debt to equity ratio for Cyient, L&T Technology Services and KPIT Technologies?
Ans. Cyient carries a debt to equity of 0.08, L&T Technology Services of 0.09, and KPIT Technologies of 0.03.
Which of the three trades at the highest price to book value?
Ans. Cyient, L&T Technology Services and KPIT Technologies trade at price to book ratios of 2.11, 5.40 and 1.91 respectively.
Is one of Cyient, L&T Technology Services or KPIT Technologies better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
