LTIMindtree

₹6037.3 135.1 | 2.3%

WEBSITE BSE:540005 NSE : LTIM 05 Feb, 14:02

Market Cap ₹178875 Cr.

Stock P/E 39

P/B 8.1

Current Price ₹6037.3

Book Value ₹ 748

Face Value 1

52W High ₹6764.8

Dividend Yield 1.08%

52W Low ₹ 4518.4

Edit Ratio

LTIMindtree Research see more...

Overview Inc. Year: 1996Industry: IT - Software

Larsen & Toubro Infotech Ltd is an India-based organization, which is engaged in computer programming, consultancy and associated activities. The Company's business segments comprises Industrials Cluster and Services Cluster. The Industrials Cluster segment consists of the enterprise verticals of energy and process, customer packaged goods, retail and pharmaceuticals, hi-tech and consumer electronics, automotive and aerospace, and utilities, engineering and construction. The Services Cluster segment includes the business verticals of banking and financial offerings, coverage, media and leisure, travel and logistics, and other miscellaneous business verticals. The Company offers quite a number of services, consisting of Analytics & Information Management (AIM), Consulting, Internet of Things, Applications Management, Enterprise Integration, Industrial Internet of Things, System Integration, Assurance Services, Geographical Information System (GIS) and Infrastructure Management.

LTIMindtree Share Price

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Peer Comparison

LTIMindtree Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	8228	8620	8691	8702	8905	9017	8893	9143	9433	9661
Other Income	161	152	66	132	143	220	208	227	299	213
Total Income	8389	8772	8757	8834	9049	9236	9101	9370	9732	9873
Total Expenditure	6592	7245	7087	7067	7274	7432	7357	7537	7734	8068
Operating Profit	1797	1527	1670	1767	1775	1804	1743	1833	1998	1806
Interest	38	38	44	46	47	61	68	72	70	69
Depreciation	196	178	182	185	208	199	227	235	241	264
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1563	1311	1444	1536	1519	1545	1448	1526	1687	1473
Provision for Tax	374	310	330	384	357	375	348	391	435	386
Profit After Tax	1189	1001	1114	1152	1162	1169	1101	1135	1252	1087
Adjustments	-1	-0	-0	-1	-1	-0	-1	-1	-1	-1
Profit After Adjustments	1189	1001	1114	1152	1162	1169	1100	1134	1251	1085
Adjusted Earnings Per Share	67.9	33.8	37.6	38.9	39.3	39.5	37.2	38.3	42.3	36.7

LTIMindtree Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	4535	4968	5846	6501	7307	9446	10879	12370	26109	33183	35517	37130
Other Income	28	95	190	187	428	305	338	288	786	570	716	947
Total Income	4563	5064	6037	6688	7734	9750	11217	12657	26895	33753	36233	38076
Total Expenditure	3549	3957	4822	5271	6121	7565	8858	9658	20880	27088	29143	30696
Operating Profit	1015	1106	1215	1417	1614	2186	2358	3000	6014	6665	7089	7380
Interest	31	22	6	3	16	11	83	79	123	150	222	279
Depreciation	130	158	174	178	156	147	273	333	597	723	819	967
Exceptional Income / Expenses	0	9	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	854	936	1035	1236	1442	2028	2003	2588	5294	5792	6049	6134
Provision for Tax	194	168	198	265	329	512	482	650	1344	1381	1464	1560
Profit After Tax	660	768	837	971	1112	1516	1521	1938	3950	4410	4585	4575
Adjustments	268	1	-0	-0	-0	0	-0	-2	-2	-2	-3	-4
Profit After Adjustments	928	769	836	971	1112	1516	1520	1936	3948	4408	4582	4570
Adjusted Earnings Per Share	42.7	47.7	49.2	56.8	64.7	87.1	87.4	110.6	224.3	148.9	154.8	154.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	42%	30%	23%
Operating Profit CAGR	6%	33%	27%	21%
PAT CAGR	4%	33%	25%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	11%	-0%	26%	NA%
ROE Average	26%	31%	31%	35%
ROCE Average	34%	41%	41%	44%

LTIMindtree Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1610	2026	2125	3144	3860	4894	5404	7303	14287	16592	20017
Minority's Interest	0	0	1	1	1	1	1	4	6	7	9
Borrowings	40	14	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	127	87	-173	-98	-47	-26	866	715	1159	1033	1568
Total Current Liabilities	923	929	989	1244	1343	1646	2331	2632	5092	5483	5743
Total Liabilities	2700	3057	2941	4291	5158	6515	8603	10655	20544	23115	27338
Fixed Assets	649	683	638	542	681	930	1920	1906	3473	3679	4981
Other Non-Current Assets	310	269	283	420	313	415	354	617	2132	2250	3511
Total Current Assets	1741	2104	2020	3329	4165	5170	6329	8131	14939	17186	18846
Total Assets	2700	3057	2941	4291	5158	6515	8603	10655	20544	23115	27338

LTIMindtree Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	119	159	202	204	380	363	415	525	1519	1446	2338
Cash Flow from Operating Activities	628	642	859	1170	844	1395	1644	2400	3251	3095	5670
Cash Flow from Investing Activities	180	-103	-44	-952	-461	-744	-652	-1656	-1645	-331	-3912
Cash Flow from Financing Activities	-769	-497	-817	-33	-408	-594	-890	-509	-1680	-1932	-2269
Net Cash Inflow / Outflow	40	42	-3	185	-24	57	102	235	-75	832	-511
Closing Cash & Cash Equivalent	159	201	204	380	363	415	525	759	1446	2339	1820

LTIMindtree Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	42.7	47.66	49.19	56.77	64.65	87.12	87.36	110.63	224.34	148.93	154.8
CEPS(Rs)	48.98	57.42	59.44	67.18	73.76	95.56	103.07	129.75	258.36	173.41	182.55
DPS(Rs)	34.2	29.8	34.79	16.55	21.5	28	28	40	55	60	65
Book NAV/Share(Rs)	97.76	123.57	124.52	175.04	220.05	277.39	306.65	412.8	801.06	544.2	664.66
Core EBITDA Margin(%)	21.75	20.35	17.52	18.92	16.23	19.91	18.57	21.92	20.03	18.37	17.95
EBIT Margin(%)	19.51	19.28	17.8	19.06	19.94	21.58	19.17	21.56	20.75	17.91	17.65
Pre Tax Margin(%)	18.83	18.84	17.7	19.01	19.73	21.47	18.41	20.92	20.28	17.45	17.03
PAT Margin (%)	14.55	15.46	14.31	14.93	15.22	16.04	13.98	15.67	15.13	13.29	12.91
Cash Profit Margin (%)	17.42	18.64	17.28	17.67	17.36	17.6	16.49	18.36	17.42	15.47	15.21
ROA(%)	26.08	26.68	27.89	26.85	23.55	25.97	20.12	20.13	25.32	20.2	18.17
ROE(%)	45.8	43.03	40.71	38	32.82	35.2	29.92	30.86	37.05	29.2	25.63
ROCE(%)	53.73	48.32	47.05	46.55	41.61	46.57	40.38	41.73	49.97	38.27	34.1
Receivable days	67.28	74.24	70.43	65.57	64.09	62.26	69.43	64.85	46.42	55.99	58.21
Inventory Days	0	0	0	0	0	0	0	0	0.06	0.04	0.03
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	12.53	20.74	19.33	16.38	36.59	27.45	31.95	31.89
Price/Book(x)	0	0	0	4.06	6.09	6.07	4.67	9.81	7.69	8.74	7.43
Dividend Yield(%)	0	0	0	2.33	1.6	1.66	1.96	0.99	0.89	1.26	1.32
EV/Net Sales(x)	-0.01	0.01	-0.02	1.81	3.11	3.06	2.24	5.67	4.08	4.16	4.04
EV/Core EBITDA(x)	-0.03	0.03	-0.11	8.32	14.07	13.22	10.35	23.38	17.72	20.71	20.22
Net Sales Growth(%)	32.3	9.55	17.68	11.19	12.39	29.28	15.17	13.71	111.07	27.1	7.03
EBIT Growth(%)	26.63	8.25	8.65	19.08	17.61	39.88	2.31	27.88	103.12	9.68	5.53
PAT Growth(%)	29.37	16.38	8.93	16.07	14.57	36.24	0.33	27.47	103.8	11.65	3.95
EPS Growth(%)	20.02	11.61	3.22	15.39	13.89	34.76	0.28	26.64	102.77	-33.61	3.94
Debt/Equity(x)	0.07	0.11	0.03	0	0	0	0.01	0.01	0	0.01	0
Current Ratio(x)	1.89	2.26	2.04	2.68	3.1	3.14	2.71	3.09	2.93	3.13	3.28
Quick Ratio(x)	1.89	2.26	2.04	2.68	3.1	3.14	2.71	3.09	2.93	3.13	3.28
Interest Cover(x)	28.97	44.26	179.4	387.19	92.82	192.3	25.25	33.85	43.9	39.51	28.28
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

LTIMindtree Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	74	68.69	68.68	68.66	68.66	68.64	68.6	68.6	68.6	68.57
FII	8.13	9.21	8.41	8.21	8.11	8.65	7.86	7.28	7.39	7.45
DII	8.05	10.48	11.67	12.41	12.95	12.92	13.58	14.23	14.89	14.98
Public	9.81	11.63	11.24	10.72	10.28	9.78	9.96	9.89	9.12	9
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	12.98	20.32	20.32	20.32	20.32	20.32	20.32	20.32	20.32	20.32
FII	1.43	2.72	2.49	2.43	2.4	2.56	2.33	2.16	2.19	2.21
DII	1.41	3.1	3.45	3.67	3.83	3.82	4.02	4.21	4.41	4.44
Public	1.72	3.44	3.33	3.17	3.04	2.9	2.95	2.93	2.7	2.67
Others	0	0	0	0	0	0	0	0	0	0
Total	17.54	29.58	29.58	29.59	29.59	29.6	29.62	29.62	29.62	29.63

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31%
Company is almost debt free.

Cons

Stock is trading at 8.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.