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LTIMindtree Ltd

LTIM

LTIMindtree Ltd

LTIM
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹1,82,780 cr, stock is ranked 48
Low RiskStock is 1.91x as volatile as Nifty
6,213.350.66% (+40.95)
6,213.350.66% (+40.95)

Price Chart

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Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹1,82,780 cr, stock is ranked 48
Low RiskStock is 1.91x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹1,82,780 cr, stock is ranked 48
Low RiskStock is 1.91x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
39.289.131.05%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.849.451.64%

Forecast & Ratings

Detailed Forecast 
53%
Analysts have suggested that investors can buy this stock

from 34 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

LTIMindtree, formerly Larsen & Toubro Infotech, is an India-based global technology consulting and digital solutions company.

Investor Presentation

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Nov 26, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 30.02%, vs industry avg of 11.52%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.06% to 4.62%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 24.76%, vs industry avg of 8.35%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue6,036.106,687.607,732.609,748.1011,207.8012,644.2026,874.5033,739.9036,218.9037,438.10
Raw Materialssubtract0.000.000.000.000.000.000.000.000.0030,059.00
Power & Fuel Costsubtract34.8031.8033.0031.0032.9020.8039.8050.8091.70
Employee Costsubtract3,526.603,715.304,328.905,466.806,516.607,428.9015,989.2020,879.9022,732.30
Selling & Administrative Expensessubtract476.20943.50530.80727.20681.20370.60940.701,349.101,327.40
Operating & Other expensessubtract784.00580.101,226.401,337.501,618.601,824.403,890.404,795.504,978.20
Depreciation/Amortizationsubtract174.00177.90156.30147.20273.00332.50597.10722.70818.90902.30
Interest & Other Itemssubtract5.803.2015.7010.6082.6078.80123.40150.40221.70271.40
Taxes & Other Itemssubtract198.40265.10329.50511.90482.80652.101,345.601,383.201,466.601,551.80
EPS50.5257.0464.9287.7587.45110.99167.89149.08154.85157.21
DPS35.2516.5521.5028.0028.0040.0055.0060.0065.0065.00
Payout ratio0.700.290.330.320.320.360.330.400.420.41

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Apr 28PDF
Feb 1PDF
FY 2023

Annual report

PDF

Investor Presentation

Apr 27PDF
Jan 20PDF
Jan 20PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Jul 17PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 26PDF
Oct 17PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyIT Services & Consulting

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
LTIMindtree Ltd39.899.131.05%
Tata Consultancy Services Ltd33.6616.921.71%
Infosys Ltd29.338.702.47%
HCL Technologies Ltd31.857.332.82%

Price Comparison

Compare LTIM with any stock or ETF
Compare LTIM with any stock or ETF
LTIM
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding68.60%5.38%9.52%7.39%9.12%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep8.21%8.11%8.65%7.86%7.28%7.39%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding LTIMindtree Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
UTI Flexi Cap Fund - Growth - Direct Plan

Growth
0.6008%4.24%-0.23%9/70 (0)
ICICI Prudential Technology Fund - Growth - Direct Plan

Growth
0.4009%5.43%0.60%5/79 (+1)
Tata Digital India Fund Direct Plan Growth

Growth
0.3087%4.77%-1.14%7/38 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have LTIMindtree Ltd

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

LTIM has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.05%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.53 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateOct 25, 2024

Interim
Interim | Div/Share: ₹20.00

Dividend/Share

₹20.00

Ex DateEx Date

Oct 25, 2024

Cash Dividend

Ex DateEx DateJun 19, 2024

Final
Final | Div/Share: ₹45.00

Dividend/Share

₹45.00

Ex DateEx Date

Jun 19, 2024

Cash Dividend

Ex DateEx DateOct 27, 2023

Interim
Interim | Div/Share: ₹20.00

Dividend/Share

₹20.00

Ex DateEx Date

Oct 27, 2023

Cash Dividend

Ex DateEx DateJul 10, 2023

Final
Final | Div/Share: ₹40.00

Dividend/Share

₹40.00

Ex DateEx Date

Jul 10, 2023

Cash Dividend

Ex DateEx DateJan 31, 2023

Interim
Interim | Div/Share: ₹20.00

Dividend/Share

₹20.00

Ex DateEx Date

Jan 31, 2023

News & Opinions
Spotlight
LTIMindtree rises on inking pact with Microsoft to create AI solutions

Their collaboration focuses on accelerating AI adoption, enhancing innovation, and streamlining operations. Key initiatives include AI-powered solutions for security, data migration, and workplace productivity, empowering businesses globally. The company said that this philosophy centers on making AI not just accessible, but actionable for businesses. Whether it's enhancing customer experiences, optimizing operations, or enabling data-driven decisions, the focus is on embedding AI as a core business enabler that scales innovation. Julie Sanford, vice president and business management of Microsoft, said, 'This partnership with LTIMindtree highlights our dedication to work with partners to deliver secure AI solutions that empower organizations to transform and thrive. With Microsoft AI services like Copilot and Azure OpenAI Service, LTIMindtree is poised to drive significant advancements in AI-led digital transformation.' Rohit Kedia, chief growth officer of LTIMindtree, stated, 'Through our strategic alliance with Microsoft, we're bringing our AI vision to life in ways that truly drive results. The narrative isn't just about adopting technology; it's about transforming how businesses think, operate, and compete in the AI era. For our customers, this means faster innovation, more intelligent decision-making, and real-time insights that unlock new levels of growth and operational efficiency, he added. LTI Mindtree 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. LTI Mindtree, a Larsen & Toubro Group company, combines the industry-acclaimed strengths of erstwhile Larsen & Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. The company's consolidated net profit jumped 10.3% to Rs 1,251.6 crore on a 2.85% rise in revenue from operations to Rs 1,126.6 crore in Q2 FY25 over Q1 FY25.Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
LTIMindtree collaborates with Microsoft to accelerate AI driven digital transformation

LTIMindtree and Microsoft are joining forces to usher in a new era of Artificial Intelligence (AI) driven transformation. By leveraging LTIMindtree's industry specific expertise and Microsoft's cutting-edge AI technologies, global enterprises can now transition from experimentation to meaningful business outcomes. The partnership allows clients to fast-track the adoption of AI solutions and transform ambitious AI visions into actionable strategies. Microsoft and LTIMindtree will collaborate to create a joint go-to-market strategy and make joint investments in AI-powered solutions. At the heart of this partnership is LTIMindtree's vision of AI in Everything, Everything for AI, AI for Everyone'. This philosophy centers on making AI not just accessible, but actionable for businesses. Whether it's enhancing customer experiences, optimizing operations, or enabling data-driven decisions, the focus is on embedding AI as a core business enabler that scales innovation. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
LTIMindtree Ltd gains for third consecutive session

LTIMindtree Ltd gained for a third straight session today. The stock is quoting at Rs 6064.15, up 2.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. LTIMindtree Ltd has risen around 2.18% in last one month. Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has risen around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 1.59 lakh shares today, compared to the daily average of 2.14 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 6075.25, up 2.54% on the day. LTIMindtree Ltd is up 10.83% in last one year as compared to a 19.6% spurt in NIFTY and a 31.72% spurt in the Nifty IT index.The PE of the stock is 38.55 based on TTM earnings ending September 24.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
LTIMindtree rises on extending pact with Nexi group

This collaboration is set to elevate Nexi's technology landscape across its core acquiring, issuing, and ecommerce platforms, further solidifying its position as a key player in the digital payments space. As part of this partnership, LTI Mindtree will utilize its technical expertise and advanced solutions to optimize Nexi's core platforms, driving enhanced performance, innovation, and scalability. Additionally, LTI Mindtree will manage Nexi's hybrid infrastructure, ensuring seamless integration of on-premise and cloud-based solutions, while supporting the company's digital transformation efforts. Giuseppe Dallona, CIO of Nexi Group said, 'Their proven expertise and global reach will help us enhance the resilience and flexibility of our platforms, supporting Nexi's mission to offer secure, innovative, and frictionless payment solutions for businesses and consumers across Europe.' Sudhir Chaturvedi, president & executive board member of LTIMindtree said, 'This partnership underscores our commitment to empower leading enterprises with advanced technology innovation. By leveraging our deep domain expertise and global delivery capabilities, we are confident in driving Nexi's growth and success in the highly competitive digital payments industry.' LTI Mindtree 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. LTI Mindtree 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 company's consolidated net profit jumped 10.3% to Rs 1,251.6 crore on 2.85% rise in revenue from operations to Rs 1,126.6 crore in Q2 FY25 over Q1 FY25. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
LTIMindtree secures contract extension with Nexi Group

LTIMindtree announced a contract extension with Nexi Group, a leading European PayTech provider. This collaboration is set to elevate Nexi's technology landscape across its core acquiring, issuing, and ecommerce platforms, further solidifying its position as a key player in the digital payments space. As a part of this partnership, LTIMindtree will leverage its technical expertise and cutting-edge solutions to optimize Nexi's core platforms, ensuring enhanced performance, innovation, and scalability. LTIMindtree will also manage Nexi's hybrid infrastructure, enabling a seamless integration of on-premise and cloud-based solutions, while supporting the company's digital transformation efforts. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
LTIMindtree inaugurates new facility in Houston, TX

LTIMindtree announced that it has expanded its presence in the United States with the inauguration of its new facility in Houston, TX. The 6,500-square-foot facility will serve as a major hub for innovation with LTIMindtree's Houston-based clients. It is intended to foster stronger collaboration with the energy and oil & gas companies that leverage LTIMindtree's technology solutions and services to grow their businesses. By strengthening its presence in the region, LTIMindtree is furthering its vision of becoming a long-term part of the Houston community as well as a partner of choice to help companies transform into intelligent enterprises. The official ribbon-cutting ceremony, held on November 12, 2024, featured representatives from LTIMindtree as well as several key figures within the Houston area, including Brad Mushinski, Director of Constituent Services, Houston City Council District G attending on behalf of Councilmember Mary Nan Huffman and D. C. Manjunath, Consul General of India, Houston. Located alongside other leading technology providers in the Northwest Houston region, the facility will be used to develop AI, digital transformation, environmental, social and governance (ESG) solutions. The company will also host joint innovation workshops and design thinking sessions here. The facility will also serve as a training site to upskill the company's as well as client's talent on next-generation technologies and solutions. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
LTIMindtree Ltd drops for fifth straight session

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

1 month agoCapital Market - Live
Corporate
LTIMindtree announces closure of step down subsidiary in Australia

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

1 month agoCapital Market - Live
Corporate
LTIMindtree launches AI-Smart Underwriting solution powered by ServiceNow

 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

1 month agoCapital Market - Live
Live Market Update
Sensex slides 155 pts; LTIMindtree drops over 5%

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

1 month agoCapital Market - Live