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 3:32 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 ₹ 1,75,055 Cr.
  • Current Price ₹ 5,910
  • High / Low ₹ 6,575 / 4,514
  • Stock P/E 37.6
  • Book Value ₹ 712
  • Dividend Yield 1.10 %
  • ROCE 31.2 %
  • ROE 25.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 24.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%
  • Company has been maintaining a healthy dividend payout of 41.2%

Cons

  • Stock is trading at 8.37 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

Consolidated Figures in Rs. Crores / View Standalone

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
3,767 4,138 4,302 7,644 8,228 8,620 8,691 8,702 8,905 9,017 8,893 9,143 9,433
3,034 3,306 3,455 6,151 6,592 7,245 7,087 7,067 7,274 7,432 7,357 7,536 7,734
Operating Profit 733 831 846 1,494 1,636 1,375 1,604 1,636 1,631 1,585 1,536 1,606 1,699
OPM % 19% 20% 20% 20% 20% 16% 18% 19% 18% 18% 17% 18% 18%
111 100 134 178 161 152 66 132 143 220 208 227 299
Interest 17 19 19 31 38 38 44 46 47 61 68 72 70
Depreciation 85 88 102 166 196 178 182 185 208 199 227 235 241
Profit before tax 742 824 860 1,474 1,563 1,311 1,444 1,536 1,519 1,545 1,448 1,526 1,687
Tax % 26% 26% 26% 25% 24% 24% 23% 25% 24% 24% 24% 26% 26%
552 612 638 1,106 1,189 1,001 1,114 1,152 1,162 1,169 1,101 1,135 1,252
EPS in Rs 31.48 34.93 36.34 63.06 40.18 33.82 37.65 38.92 39.26 39.49 37.14 38.28 42.24
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,851 4,920 4,978 5,846 6,501 7,306 9,446 10,879 12,370 26,109 33,183 35,517 36,485
2,981 3,773 3,973 4,819 5,271 6,119 7,562 8,849 9,645 20,860 27,075 29,130 30,059
Operating Profit 870 1,147 1,005 1,028 1,230 1,187 1,883 2,029 2,725 5,249 6,108 6,387 6,426
OPM % 23% 23% 20% 18% 19% 16% 20% 19% 22% 20% 18% 18% 18%
22 217 99 187 187 426 302 329 274 766 557 702 953
Interest 21 31 10 6 3 16 11 83 79 123 150 222 271
Depreciation 123 130 158 174 178 156 147 273 332 597 723 819 902
Profit before tax 749 1,204 936 1,035 1,236 1,442 2,028 2,003 2,588 5,294 5,792 6,049 6,205
Tax % 25% 17% 18% 19% 21% 23% 25% 24% 25% 25% 24% 24%
562 996 769 836 971 1,112 1,516 1,520 1,938 3,950 4,410 4,585 4,657
EPS in Rs 174.14 308.96 238.30 49.25 56.91 64.65 87.37 87.30 110.79 225.27 149.02 154.72 157.15
Dividend Payout % 54% 55% 63% 72% 29% 33% 32% 32% 36% 41% 40% 42%
Compounded Sales Growth
10 Years: 22%
5 Years: 30%
3 Years: 42%
TTM: 4%
Compounded Profit Growth
10 Years: 16%
5 Years: 25%
3 Years: 33%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: -5%
1 Year: 6%
Return on Equity
10 Years: 31%
5 Years: 29%
3 Years: 29%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,323 1,594 2,010 2,108 3,127 3,843 4,876 5,387 7,286 14,258 16,562 19,988 21,045
234 110 218 55 0 0 0 912 798 258 1,541 2,071 2,326
756 945 734 958 1,273 1,477 1,770 2,499 2,604 6,027 5,348 5,456 5,361
Total Liabilities 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815 10,706 20,572 23,481 27,544 28,761
699 649 683 638 542 681 930 1,920 1,906 3,473 3,679 4,981 5,450
CWIP 142 57 25 20 1 7 12 59 66 503 902 551 498
Investments 49 169 104 43 941 1,264 1,740 2,219 3,730 6,048 5,458 8,744 9,664
1,438 1,791 2,166 2,437 2,934 3,385 3,982 4,617 5,004 10,548 13,442 13,269 13,149
Total Assets 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815 10,706 20,572 23,481 27,544 28,761

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
608 628 642 858 1,170 844 1,395 1,644 2,400 3,251 3,095 5,670
-224 180 -103 -40 -961 -452 -749 -643 -1,657 -1,643 -271 -3,918
-396 -769 -497 -817 -33 -408 -594 -890 -509 -1,680 -1,932 -2,269
Net Cash Flow -13 40 42 2 176 -16 52 110 234 -73 892 -518

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 70 69 80 73 66 70 71 78 61 64 62 59
Inventory Days
Days Payable
Cash Conversion Cycle 70 69 80 73 66 70 71 78 61 64 62 59
Working Capital Days 50 42 72 52 43 60 53 47 38 40 48 40
ROCE % 52% 75% 48% 47% 46% 42% 47% 37% 37% 48% 36% 31%

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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