LTIMindtree Ltd
LTIMLTIMindtree Ltd
LTIMPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
36.40 | 8.46 | 1.14% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
33.89 | 8.94 | 1.73% |
Forecast & Ratings
Detailed Forecast from 34 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
LTIMindtree, formerly Larsen & Toubro Infotech, is an India-based global technology consulting and digital solutions company.
Investor Presentation
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Compare with peersÂTata Consultancy Services Ltd
Infosys Ltd
HCL Technologies Ltd
Wipro Ltd
Tech Mahindra Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 6,036.10 | 6,687.60 | 7,732.60 | 9,748.10 | 11,207.80 | 12,644.20 | 26,874.50 | 33,739.90 | 36,218.90 | 37,438.10 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30,059.00 | ||||||||||
Power & Fuel Cost | 34.80 | 31.80 | 33.00 | 31.00 | 32.90 | 20.80 | 39.80 | 50.80 | 91.70 | |||||||||||
Employee Cost | 3,526.60 | 3,715.30 | 4,328.90 | 5,466.80 | 6,516.60 | 7,428.90 | 15,989.20 | 20,879.90 | 22,732.30 | |||||||||||
Selling & Administrative Expenses | 476.20 | 943.50 | 530.80 | 727.20 | 681.20 | 370.60 | 940.70 | 1,349.10 | 1,327.40 | |||||||||||
Operating & Other expenses | 784.00 | 580.10 | 1,226.40 | 1,337.50 | 1,618.60 | 1,824.40 | 3,890.40 | 4,795.50 | 4,978.20 | |||||||||||
EBITDA | 1,214.50 | 1,416.90 | 1,613.50 | 2,185.60 | 2,358.50 | 2,999.50 | 6,014.40 | 6,664.60 | 7,089.30 | 7,379.10 | ||||||||||
Depreciation/Amortization | 174.00 | 177.90 | 156.30 | 147.20 | 273.00 | 332.50 | 597.10 | 722.70 | 818.90 | 902.30 | ||||||||||
PBIT | 1,040.50 | 1,239.00 | 1,457.20 | 2,038.40 | 2,085.50 | 2,667.00 | 5,417.30 | 5,941.90 | 6,270.40 | 6,476.80 | ||||||||||
Interest & Other Items | 5.80 | 3.20 | 15.70 | 10.60 | 82.60 | 78.80 | 123.40 | 150.40 | 221.70 | 271.40 | ||||||||||
PBT | 1,034.70 | 1,235.80 | 1,441.50 | 2,027.80 | 2,002.90 | 2,588.20 | 5,293.90 | 5,791.50 | 6,048.70 | 6,205.40 | ||||||||||
Taxes & Other Items | 198.40 | 265.10 | 329.50 | 511.90 | 482.80 | 652.10 | 1,345.60 | 1,383.20 | 1,466.60 | 1,551.80 | ||||||||||
Net Income | 836.30 | 970.70 | 1,112.00 | 1,515.90 | 1,520.10 | 1,936.10 | 3,948.30 | 4,408.30 | 4,582.10 | 4,653.60 | ||||||||||
EPS | 50.52 | 57.04 | 64.92 | 87.75 | 87.45 | 110.99 | 167.89 | 149.08 | 154.85 | 157.21 | ||||||||||
DPS | 35.25 | 16.55 | 21.50 | 28.00 | 28.00 | 40.00 | 55.00 | 60.00 | 65.00 | 65.00 | ||||||||||
Payout ratio | 0.70 | 0.29 | 0.33 | 0.32 | 0.32 | 0.36 | 0.33 | 0.40 | 0.42 | 0.41 |
Company Updates
Peers & Comparison
Information TechnologyIT Services & Consulting
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
LTIMindtree Ltd | 36.97 | 8.46 | 1.14% |
Tata Consultancy Services Ltd | 31.30 | 15.73 | 1.84% |
Infosys Ltd | 27.70 | 8.21 | 2.62% |
HCL Technologies Ltd | 30.57 | 7.03 | 2.94% |
Price Comparison
Compare LTIM with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding LTIMindtree Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
UTI Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6827% | Percentage of the fund’s portfolio invested in the stock 4.46% | Change in the portfolio weight of the stock over the last 3 months -0.00% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 9/70 (0) |
ICICI Prudential Technology Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4729% | Percentage of the fund’s portfolio invested in the stock 5.65% | Change in the portfolio weight of the stock over the last 3 months 0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/79 (+2) |
Tata Digital India Fund Direct Plan Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3643% | Percentage of the fund’s portfolio invested in the stock 5.12% | Change in the portfolio weight of the stock over the last 3 months -1.15% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/39 (-2) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
Increasing Dividends
LTIM has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 1.13%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.33 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 25, 2024
Dividend/Share
₹20.00
Ex DateEx Date
Oct 25, 2024
Cash Dividend
Ex DateEx DateJun 19, 2024
Dividend/Share
₹45.00
Ex DateEx Date
Jun 19, 2024
Cash Dividend
Ex DateEx DateOct 27, 2023
Dividend/Share
₹20.00
Ex DateEx Date
Oct 27, 2023
Cash Dividend
Ex DateEx DateJul 10, 2023
Dividend/Share
₹40.00
Ex DateEx Date
Jul 10, 2023
Cash Dividend
Ex DateEx DateJan 31, 2023
Dividend/Share
₹20.00
Ex DateEx Date
Jan 31, 2023
LTIMindtree Ltd fell for a fifth straight session today. The stock is quoting at Rs 5640, down 2.68% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.52% on the day, quoting at 24213.1. The Sensex is at 79418.65, down 0.65%.LTIMindtree Ltd has eased around 10.1% in last one month.Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has eased around 4.76% in last one month and is currently quoting at 41668.6, down 3.01% on the day. The volume in the stock stood at 3.17 lakh shares today, compared to the daily average of 3.4 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5630.85, down 2.74% on the day. LTIMindtree Ltd jumped 12.83% in last one year as compared to a 27.51% rally in NIFTY and a 33.18% spurt in the Nifty IT index.The PE of the stock is 37.66 based on TTM earnings ending September 24.Powered by Capital Market - Live
LTIMindtree announced that Nielsen & Partner, a step down wholly-owned subsidiary of the Company in Australia has been deregistered w.e.f. 23 October 2024, pursuant to an internal reorganization exercise. Powered by Capital Market - Live
 LTIMindtree announced the launch of 'AI-Smart Underwriter' solution developed in collaboration with ServiceNow to empower underwriters to make more informed, data and AI-driven decisions while driving efficiency through intelligent automation. Through this effort, LTIMindtree will create better experiences and drive value for insurers. As a Strategic Platform Build Partner, the certified AI-Smart Underwriting solution simplifies insurance underwriting with a single, seamless, and integrated view of risk and automation of processes. From submission intake to policy binding and renewals, AI-Smart Underwriting from LTIMindtree and powered by the ServiceNow platform will enable underwriting teams to save efforts on manual tasks and focus on making business critical decisions such as risk selection, eligibility, and pricing. The AI-Smart Underwriting platform serves as central hub where underwriters can access and manage all relevant information, assisted by tools, and resources to evaluate risks and make informed decisions. This will revolutionize traditional insurance underwriting by automating their work with advanced data analytics, AI, and digital tools to provide fast, accurate, and scalable services. AI-Smart Underwriting will enable efficient agent collaboration and empower underwriters with critical insights to make quicker decisions. Powered by Capital Market - Live
The key equity barometers traded with minor losses in morning trade. The Nifty tanked below the 24,750 mark. IT shares declined after advancing in the previous trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 155.38 points or 0.17% to 80,866.81. The Nifty 50 index lost 23.30 points or 0.09% to 24,725.90. In the broader market, the S&P BSE Mid-Cap index fell 0.20% and the S&P BSE Small-Cap index declined 0.59%. The market breadth was weak. On the BSE, 1,334 shares rose and 2,208 shares fell. A total of 177 shares were unchanged. Result Today: Tata Consumer Products (down 0.87%), Jio Financial Services (down 0.08%), ICICI Lombard General Insurance Company (down 0.56%), Zee Entertainment Enterprises (up 0.32%), Aether Industries (down 1.02%), L&T Finance (down 1.10%), Manba Finance (down 0.80%), Mastek (up 1.04%), Jindal Saw (down 0.78%), Oberoi Realty (down 0.25%), Hindustan Zinc (down 1.26%), Tejas Networks (up 6.66%), Kesoram Industries (up 0.22%), Ashapuri Gold Ornament (down 1.71%), Benares Hotels (down 0.21%), Best Agrolife (down 3.27%), Duncan Engineering (down 2.83%), Elecon Engineering (down 2.45%), Ganesh Housing Corporation (down 2.69%), GNA Axles (down 0.82%), Indostar Capital Finance (down 0.85%), Mangalore Refinery & Petrochemicals (down 1.74%), Ponni Sugars (Erode) (down 1.14%), Sarveshwar Foods (down 0.85%) and Supreme Infrastructure India (up 1.99%) will announced their quarterly earnings later today. Buzzing Index: The Nifty IT index fell 1.95% to 41,900.75. The index rose 1.19% in the past trading session. LTIMindtree (down 5.44%), Infosys (down 4.17%), Tech Mahindra (down 2.58%), Persistent Systems (down 2.12%) and Mphasis (down 1.5%), Coforge (down 1.44%), HCL Technologies (down 1.08%), L&T Technology Services (down 0.83%) edged lower. On the other hand, Wipro (up 4.08%),Tata Consultancy Services (up 0.21%) edged higher. LTIMindtree tumbled 5.44%. The company's consolidated net profit jumped 10.3% to Rs 1,251.6 crore in Q2 FY25 as compared with Rs 1,135.1 crore in Q1 FY25. Revenue from operations increased 2.8% QoQ to Rs 1,126.6 crore during the quarter. Infosys slipped 4.17%. The IT major reported 2.2% rise in consolidated net profit to Rs 6,506 crore on a 4.25% increase in revenues to Rs 40,986 crore in Q2 FY25 over Q1 FY25. Wipro rallied 4.08% after the IT major's consolidated net profit grew 6.85% to Rs 3,208.8 crore in Q2 FY25 as against Rs 3,003.2 crore recorded in Q1 FY25.Revenue from operations increased 1.54% to Rs 22,301.6 crore in the September 2024 quarter as against Rs 21,963.8 crore reported in the preceding quarter same year. Powered by Capital Market - Live
Net profit of LTIMindtree rose 7.68% to Rs 1251.00 crore in the quarter ended September 2024 as against Rs 1161.80 crore during the previous quarter ended September 2023. Sales rose 5.92% to Rs 9432.90 crore in the quarter ended September 2024 as against Rs 8905.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales9432.908905.40 6 OPM %18.0118.32 - PBDT1927.901727.50 12 PBT1686.801519.30 11 NP1251.001161.80 8 Powered by Capital Market - Live
LTIMindtree announced that the Board of Directors of the Company at its meeting held on 17 October 2024, has recommended a Interimdividend of Rs.20 per share (i.e.2000%), subject to the approval of the shareholders.Powered by Capital Market - Live
Revenue from operations increased 2.8% QoQ to Rs 1,126.6 crore during the quarter. On year on year (YoY) basis, the company's net profit and revenue jumped 7.7% and 4.7% respectively in Q2 FY25. EBIT stood at Rs 1,458.2 crore in Q2 FY25, up 2.5% YoY and 6.4% QoQ. EBIT margin fell to 15.5% in Q2 FY25 as compared with 16% in Q2 FY24. In dollar terms, the IT firm's revenue stood at $ 1,126.6 million in Q2 FY25 up 2.8% QoQ and 4.7% YoY. Net profit was at $ 149.5 million, up 9.8% QoQ and up 6.5% YoY. In constant currency terms, revenue grew 2.3% QoQ and 4.4% YoY. The company said that it added 22 new clients during the quarter ended 30 September 2024. Total client base currently stood at 742 active clients in Q2 FY25. Total headcount in Q2 FY25 was 84,438. The firm's TTM attrition rate stood at 14.5% in Q2 FY25. Debashis Chatterjee, chief executive officer and managing director, said, 'Q2 was a good quarter marked by broad-based sequential growth experienced across all our verticals and geos, helping us register a dollar growth of 2.8%. We had several multi-year deal closures, including a USD 200 million+ deal. Continued deal momentum in key verticals and significant Q2 hiring, including freshers, positions us well as we enter into the latter half of the fiscal year. As GenAI becomes pivotal in customer interactions, there is a noticeable trend of modernization efforts focusing on transforming the data estate. Our robust Data practice, combined with our innovative LTIMindtree AI platform, establishes us as a significant disruptor.' Meanwhile, the company's board declared an interim dividend of Rs 20 per share of Re 1 each for FY25. The record date for the same is fixed at 25 October 2024. Further, the board has also approved closure of LTIMindtree Spain S.L. and LTIMindtree LLC, wholly-owned subsidiaries of the company. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. The counter rose 0.70% to end at Rs 6,403.20 on the BSE.Powered by Capital Market - Live
The Board of LTIMindtree at its meeting held on 17 October 2024 has approved the closure of LTIMindtree Spain S.L. and LTIMindtree LLC, wholly-owned subsidiaries of the Company. Powered by Capital Market - Live
LTIMindtree has fixed 25 October 2024 as record date for interim dividend of Rs 20 per share of Re 1 each. Powered by Capital Market - Live
LTIMindtree has fixed 25 October 2024 as record date for payment of interim dividend, if declared. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 30.02%, vs industry avg of 11.55%
Increasing Market Share
Over the last 5 years, market share increased from 2.07% to 4.62%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 24.76%, vs industry avg of 8.38%