Cyient vs L&T Technology Services vs KPIT Technologies: Which Stock Should You Track

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.

Updated: 23 Sept 2026 • 3:34 pm

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Cyient vs L&T Technology Services vs KPIT Technologies: Which Stock Should You Track

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.

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Table of Contents

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

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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.

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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.