LTIMindtree Ltd

LTIMindtree Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

LTIMindtree Ltd

₹ 5,910 0.57%
21 Nov 4:00 p.m.
lntinfotech.com BSE: 540005 NSE: LTIM
About

Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries.[1]

Key Points

Merger with Mindtree[1]
LTI and Mindtree Ltd (Mindtree), on May 06, 2022, announced the proposal to merge Mindtree into LTI through a scheme of amalgamation as approved by the respective boards of the companies. The shareholders of Mindtree will receive 73 shares of LTI (face value of Rs 1 each) in exchange for 100 shares of Mindtree (face value of Rs 10 each)

Website BSE NSE
  • Market Cap ₹ 1,75,334 Cr.
  • Current Price ₹ 5,910
  • High / Low ₹ 6,575 / 4,514
  • Stock P/E 38.5
  • Book Value ₹ 685
  • Dividend Yield 1.10 %
  • ROCE 34.5 %
  • ROE 25.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 26.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
  • Company has been maintaining a healthy dividend payout of 42.1%

Cons

  • Stock is trading at 8.63 times its book value
  • Promoter holding has decreased over last 3 years: -5.49%

* 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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

Part of Nifty Next 50 BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty100 ESG Nifty200 Quality 30

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,427 3,843 3,964 7,338 7,950 8,326 8,362 8,379 8,570 8,701 8,604 8,868 9,105
2,774 3,068 3,195 5,887 6,373 7,022 6,824 6,808 7,000 7,190 7,118 7,330 7,484
Operating Profit 652 775 769 1,450 1,576 1,304 1,539 1,571 1,569 1,511 1,486 1,539 1,620
OPM % 19% 20% 19% 20% 20% 16% 18% 19% 18% 17% 17% 17% 18%
109 100 139 155 120 154 72 135 146 218 210 227 303
Interest 16 18 18 30 36 36 42 43 44 56 63 70 68
Depreciation 68 71 84 151 167 161 168 171 194 184 212 214 219
Profit before tax 677 787 806 1,425 1,493 1,261 1,402 1,492 1,478 1,489 1,421 1,482 1,636
Tax % 27% 25% 26% 25% 25% 23% 22% 25% 23% 24% 23% 25% 25%
497 589 599 1,068 1,127 965 1,089 1,123 1,134 1,135 1,094 1,106 1,220
EPS in Rs 28.36 33.63 34.19 60.93 38.11 32.62 36.82 37.97 38.31 38.36 36.93 37.35 41.20
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,613 4,644 4,744 5,568 6,183 6,906 8,907 10,184 11,566 24,845 31,976 34,253 35,278
2,809 3,797 3,789 4,643 5,085 5,858 7,184 8,318 9,060 19,878 26,106 28,116 29,122
Operating Profit 805 847 955 926 1,098 1,048 1,723 1,866 2,506 4,967 5,870 6,137 6,156
OPM % 22% 18% 20% 17% 18% 15% 19% 18% 22% 20% 18% 18% 17%
17 355 88 228 198 525 329 422 225 889 502 710 958
Interest 20 30 10 6 3 14 4 72 72 119 144 207 258
Depreciation 62 68 91 103 109 91 88 208 268 530 649 760 829
Profit before tax 739 1,104 943 1,044 1,184 1,468 1,960 2,007 2,392 5,207 5,579 5,879 6,028
Tax % 24% 18% 18% 18% 21% 21% 25% 23% 25% 25% 24% 24%
562 902 773 856 938 1,160 1,475 1,552 1,788 3,912 4,248 4,486 4,555
EPS in Rs 174.13 279.79 239.68 50.42 54.97 67.45 85.02 89.15 102.34 223.22 143.61 151.47 153.84
Dividend Payout % 54% 61% 62% 70% 30% 32% 33% 31% 39% 42% 42% 43%
Compounded Sales Growth
10 Years: 22%
5 Years: 31%
3 Years: 44%
TTM: 5%
Compounded Profit Growth
10 Years: 21%
5 Years: 26%
3 Years: 36%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: -5%
1 Year: 7%
Return on Equity
10 Years: 31%
5 Years: 29%
3 Years: 29%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 17 17 17 17 17 18 30 30 30 30
Reserves 1,217 1,452 1,909 1,947 2,960 3,701 4,696 5,211 6,924 13,846 15,947 19,269 20,245
207 107 218 55 0 0 0 0 0 0 0 0 2,210
750 930 764 936 1,236 1,300 1,513 3,088 3,047 5,941 6,457 7,159 4,975
Total Liabilities 2,189 2,506 2,907 2,955 4,213 5,019 6,227 8,317 9,988 19,816 22,434 26,458 27,460
254 294 337 320 286 273 315 1,152 1,033 2,550 2,931 4,220 4,594
CWIP 78 51 24 19 1 7 8 40 43 472 856 477 486
Investments 424 455 458 322 1,231 1,560 2,260 2,874 4,382 6,711 5,919 9,203 10,124
1,433 1,706 2,088 2,293 2,695 3,179 3,644 4,252 4,530 10,083 12,728 12,558 12,257
Total Assets 2,189 2,506 2,907 2,955 4,213 5,019 6,227 8,317 9,988 19,816 22,434 26,458 27,460

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
483 613 580 765 1,047 711 1,248 1,644 2,179 3,206 2,886 5,530
-91 162 -98 38 -935 -244 -687 -570 -1,636 -1,352 -186 -3,834
-402 -743 -495 -817 -44 -408 -595 -918 -513 -1,682 -1,980 -2,163
Net Cash Flow -9 32 -12 -14 68 59 -34 156 30 173 720 -467

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 67 79 72 66 70 71 78 64 64 61 57
Inventory Days
Days Payable
Cash Conversion Cycle 73 67 79 72 66 70 71 78 64 64 61 57
Working Capital Days 50 37 78 50 43 63 58 47 39 37 46 36
ROCE % 56% 61% 51% 51% 47% 42% 44% 39% 40% 51% 38% 35%

Shareholding Pattern

Numbers in percentages

43 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.07% 74.05% 74.03% 74.00% 68.69% 68.68% 68.66% 68.66% 68.64% 68.60% 68.60% 68.60%
12.53% 10.08% 8.42% 8.13% 9.21% 8.41% 8.21% 8.11% 8.65% 7.86% 7.28% 7.39%
5.41% 7.47% 8.10% 8.05% 10.43% 11.61% 12.34% 12.87% 12.85% 13.48% 14.12% 14.79%
0.00% 0.00% 0.04% 0.07% 0.04% 0.05% 0.08% 0.08% 0.08% 0.10% 0.12% 0.10%
7.99% 8.40% 9.41% 9.74% 11.61% 11.22% 10.71% 10.27% 9.78% 9.95% 9.86% 9.09%
0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.03% 0.02%
No. of Shareholders 2,63,6393,04,6243,87,9904,11,3106,01,3345,72,5455,41,2925,12,5604,83,4435,03,9655,03,4444,49,972

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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