LTIMindtree

₹4608.4 -51 | 1.1%

WEBSITE BSE:540005 NSE : LTIM 10 May, 16:01

Market Cap ₹136482 Cr.

Stock P/E 29.8

P/B 6.8

Current Price ₹4608.4

Book Value ₹ 676.2

Face Value 1

52W High ₹6442.7

Dividend Yield 1.41%

52W Low ₹ 4565.6

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.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	6881	7129	7644	8228	8620	8691	8702	8905	9017	8893
Other Income	166	223	178	161	152	66	132	143	220	208
Total Income	7047	7351	7822	8389	8772	8757	8834	9049	9236	9101
Total Expenditure	5454	5678	6151	6592	7245	7087	7067	7274	7432	7357
Operating Profit	1592	1674	1671	1797	1527	1670	1767	1775	1804	1743
Interest	31	31	31	38	38	44	46	47	61	68
Depreciation	152	162	166	196	178	182	185	208	199	227
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1409	1481	1474	1563	1311	1444	1536	1519	1545	1448
Provision for Tax	359	372	367	374	310	330	384	357	375	348
Profit After Tax	1050	1109	1107	1189	1001	1114	1152	1162	1169	1101
Adjustments	-1	-1	-1	-1	-0	-0	-1	-1	-0	-1
Profit After Adjustments	1050	1109	1106	1189	1001	1114	1152	1162	1169	1100
Adjusted Earnings Per Share	35.5	63.3	63.2	67.9	33.8	37.6	38.9	39.3	39.5	37.2

LTIMindtree Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3851	4920	4978	5846	6501	7307	9446	10879	12370	26109	33183	35517
Other Income	28	28	95	190	187	428	305	338	288	786	570	703
Total Income	3880	4949	5073	6037	6688	7734	9750	11217	12657	26895	33753	36220
Total Expenditure	2987	3885	3966	4822	5271	6121	7565	8858	9658	20880	27088	29130
Operating Profit	893	1064	1107	1215	1417	1614	2186	2358	3000	6014	6665	7089
Interest	21	31	22	6	3	16	11	83	79	123	150	222
Depreciation	123	130	158	174	178	156	147	273	333	597	723	819
Exceptional Income / Expenses	0	0	9	0	0	0	0	0	0	0	0	0
Profit Before Tax	749	903	937	1035	1236	1442	2028	2003	2588	5294	5792	6048
Provision for Tax	187	207	168	198	265	329	512	482	650	1344	1381	1464
Profit After Tax	562	696	769	837	971	1112	1516	1521	1938	3950	4410	4584
Adjustments	12	-8	-0	-0	-0	-0	0	-0	-2	-2	-2	-3
Profit After Adjustments	574	689	769	836	971	1112	1516	1520	1936	3948	4408	4583
Adjusted Earnings Per Share	34.8	43.2	47.7	49.2	56.8	64.7	87.1	87.4	110.6	224.3	148.9	154.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	45%	35%	24%
Operating Profit CAGR	11%	41%	33%	22%
PAT CAGR	12%	43%	32%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	0%	8%	22%	NA%
ROE Average	29%	32%	32%	38%
ROCE Average	38%	43%	43%	46%

LTIMindtree Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1339	1610	2026	2125	3144	3860	4894	5404	7303	14287	16592
Minority's Interest	0	0	0	1	1	1	1	1	4	6	7
Borrowings	48	40	14	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	150	127	87	-173	-98	-47	-26	866	715	1159	1033
Total Current Liabilities	823	923	929	989	1244	1343	1646	2331	2632	5092	5483
Total Liabilities	2360	2700	3057	2941	4291	5158	6515	8603	10655	20544	23115
Fixed Assets	699	649	683	638	542	681	930	1920	1906	3473	3679
Other Non-Current Assets	336	310	269	283	420	313	415	354	617	2132	2250
Total Current Assets	1325	1741	2104	2020	3329	4165	5170	6329	8131	14939	17186
Total Assets	2360	2700	3057	2941	4291	5158	6515	8603	10655	20544	23115

LTIMindtree Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	132	119	159	202	204	380	363	415	525	1519	1446
Cash Flow from Operating Activities	608	628	642	859	1170	844	1395	1644	2400	3251	3095
Cash Flow from Investing Activities	-224	180	-103	-44	-952	-461	-744	-652	-1656	-1645	-331
Cash Flow from Financing Activities	-396	-769	-497	-817	-33	-408	-594	-890	-509	-1680	-1932
Net Cash Inflow / Outflow	-13	40	42	-3	185	-24	57	102	235	-75	832
Closing Cash & Cash Equivalent	119	159	201	204	380	363	415	525	759	1446	2339

LTIMindtree Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	34.83	43.17	47.66	49.19	56.77	64.65	87.12	87.36	110.63	224.34	148.93
CEPS(Rs)	42.47	51.24	57.47	59.44	67.18	73.76	95.56	103.07	129.75	258.36	173.41
DPS(Rs)	18.8	34.2	29.8	34.79	16.55	21.5	28	28	40	55	60
Book NAV/Share(Rs)	80.93	97.76	123.57	124.52	175.04	220.05	277.39	306.65	412.8	801.06	544.2
Core EBITDA Margin(%)	22.44	21.05	20.32	17.52	18.92	16.23	19.91	18.57	21.92	20.03	18.37
EBIT Margin(%)	19.98	18.98	19.26	17.8	19.06	19.94	21.58	19.17	21.56	20.75	17.91
Pre Tax Margin(%)	19.44	18.36	18.82	17.7	19.01	19.73	21.47	18.41	20.92	20.28	17.45
PAT Margin (%)	14.58	14.15	15.44	14.31	14.93	15.22	16.04	13.98	15.67	15.13	13.29
Cash Profit Margin (%)	17.78	16.79	18.61	17.28	17.67	17.36	17.6	16.49	18.36	17.42	15.47
ROA(%)	25.04	27.52	26.7	27.89	26.85	23.55	25.97	20.12	20.13	25.32	20.2
ROE(%)	47.27	48.33	43.08	40.71	38	32.82	35.2	29.92	30.86	37.05	29.2
ROCE(%)	52.22	56.73	48.36	47.05	46.55	41.61	46.57	40.38	41.73	49.97	38.27
Receivable days	67.55	62.02	74.1	70.43	65.57	64.09	62.26	69.43	64.85	46.42	55.99
Inventory Days	0	0	0	0	0	0	0	0	0	0.06	0.04
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	12.53	20.74	19.33	16.38	36.59	27.45	31.95
Price/Book(x)	0	0	0	0	4.06	6.09	6.07	4.67	9.81	7.69	8.74
Dividend Yield(%)	0	0	0	0	2.33	1.6	1.66	1.96	0.99	0.89	1.26
EV/Net Sales(x)	0.03	-0.01	0.01	-0.02	1.81	3.11	3.06	2.24	5.67	4.08	4.16
EV/Core EBITDA(x)	0.15	-0.03	0.03	-0.11	8.32	14.07	13.22	10.35	23.38	17.72	20.71
Net Sales Growth(%)	21.04	27.76	1.17	17.44	11.19	12.39	29.28	15.17	13.71	111.07	27.1
EBIT Growth(%)	29.43	21.39	2.64	8.54	19.08	17.61	39.88	2.31	27.88	103.12	9.68
PAT Growth(%)	33.94	23.96	10.41	8.82	16.07	14.57	36.24	0.33	27.47	103.8	11.65
EPS Growth(%)	33.93	23.96	10.39	3.22	15.39	13.89	34.75	0.28	26.64	102.77	-33.61
Debt/Equity(x)	0.18	0.07	0.11	0.03	0	0	0	0.01	0.01	0	0.01
Current Ratio(x)	1.61	1.89	2.26	2.04	2.68	3.1	3.14	2.71	3.09	2.93	3.13
Quick Ratio(x)	1.61	1.89	2.26	2.04	2.68	3.1	3.14	2.71	3.09	2.93	3.13
Interest Cover(x)	36.97	30.59	44.31	179.4	387.19	92.82	192.3	25.25	33.85	43.9	39.51
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

LTIMindtree Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.07	74.05	74.03	74	68.69	68.68	68.66	68.66	68.64	68.6
FII	12.53	10.08	8.42	8.13	9.21	8.41	8.21	8.11	8.65	7.86
DII	5.41	7.47	8.14	8.05	10.48	11.67	12.41	12.95	12.92	13.58
Public	7.99	8.4	9.41	9.81	11.63	11.24	10.72	10.28	9.78	9.96
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	12.98	12.98	12.98	12.98	20.32	20.32	20.32	20.32	20.32	20.32
FII	2.2	1.77	1.48	1.43	2.72	2.49	2.43	2.4	2.56	2.33
DII	0.95	1.31	1.43	1.41	3.1	3.45	3.67	3.83	3.82	4.02
Public	1.4	1.47	1.65	1.72	3.44	3.33	3.17	3.04	2.9	2.95
Others	0	0	0	0	0	0	0	0	0	0
Total	17.52	17.53	17.53	17.54	29.58	29.58	29.59	29.59	29.6	29.62

Pros

Company has delivered good profit growth of 31% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 32%
Company is almost debt free.

Cons

Stock is trading at 6.8 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.