LTIMindtree Ltd

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

LTIMindtree Ltd

₹ 4,630 0.79%
14 May 4:01 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 ₹ 1,37,068 Cr.
  • Current Price ₹ 4,630
  • High / Low ₹ 6,443 / 4,565
  • Stock P/E 30.6
  • Book Value ₹ 652
  • Dividend Yield 1.29 %
  • ROCE 32.7 %
  • 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 37.7%

Cons

  • Stock is trading at 7.10 times its book value
  • Promoter holding has decreased over last 3 years: -5.67%
  • Working capital days have increased from 64.6 days to 111 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,033 3,173 3,427 3,843 3,964 7,338 7,950 8,326 8,362 8,379 8,570 8,701 8,604
2,368 2,592 2,774 3,068 3,195 5,887 6,373 7,022 6,824 6,808 7,000 7,190 7,118
Operating Profit 665 582 652 775 769 1,450 1,576 1,304 1,539 1,571 1,569 1,511 1,486
OPM % 22% 18% 19% 20% 19% 20% 20% 16% 18% 19% 18% 17% 17%
46 241 109 100 139 155 120 154 72 135 146 218 210
Interest 18 16 16 18 18 30 36 36 42 43 44 56 63
Depreciation 70 65 68 71 84 151 167 161 168 171 194 184 212
Profit before tax 624 741 677 787 806 1,425 1,493 1,261 1,402 1,492 1,478 1,489 1,421
Tax % 25% 22% 27% 25% 26% 25% 25% 23% 22% 25% 23% 24% 23%
467 576 497 589 599 1,068 1,127 965 1,089 1,123 1,134 1,135 1,094
EPS in Rs 26.72 32.94 28.36 33.63 34.19 60.93 38.11 32.62 36.82 37.97 38.31 38.36 36.93
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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
3,613 4,644 4,744 5,568 6,183 6,906 8,907 10,184 11,566 24,845 31,975 34,253
2,809 3,797 3,789 4,643 5,085 5,858 7,184 8,318 9,060 19,878 26,105 28,116
Operating Profit 805 847 955 926 1,098 1,048 1,723 1,866 2,506 4,967 5,870 6,137
OPM % 22% 18% 20% 17% 18% 15% 19% 18% 22% 20% 18% 18%
17 355 88 228 198 525 329 422 225 889 501 710
Interest 20 30 10 6 3 14 4 72 72 119 144 207
Depreciation 62 68 91 103 109 91 88 208 268 530 639 760
Profit before tax 739 1,104 943 1,044 1,184 1,468 1,960 2,007 2,392 5,207 5,588 5,879
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 4,256 4,486
EPS in Rs 174.13 279.79 239.68 50.42 54.97 67.45 85.02 89.15 102.34 223.22 143.88 151.47
Dividend Payout % 54% 61% 62% 70% 30% 32% 33% 31% 39% 42% 42% 30%
Compounded Sales Growth
10 Years: 22%
5 Years: 31%
3 Years: 44%
TTM: 7%
Compounded Profit Growth
10 Years: 21%
5 Years: 26%
3 Years: 36%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 9%
1 Year: -2%
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
Equity Capital 16 16 16 17 17 17 17 17 18 30 30 30
Reserves 1,217 1,452 1,909 1,947 2,960 3,701 4,696 5,211 6,924 13,846 15,970 19,269
207 107 218 55 0 0 0 0 0 0 0 1,932
750 930 764 936 1,236 1,300 1,513 3,088 3,047 5,941 6,457 5,227
Total Liabilities 2,189 2,506 2,907 2,955 4,213 5,019 6,227 8,317 9,988 19,816 22,456 26,458
254 294 337 320 286 273 315 1,152 1,033 2,550 2,767 4,232
CWIP 78 51 24 19 1 7 8 40 43 472 856 464
Investments 424 455 458 322 1,231 1,560 2,260 2,874 4,382 6,711 6,121 9,203
1,433 1,706 2,088 2,293 2,695 3,179 3,644 4,252 4,530 10,083 12,712 12,558
Total Assets 2,189 2,506 2,907 2,955 4,213 5,019 6,227 8,317 9,988 19,816 22,456 26,458

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 2,883 5,530
-91 162 -98 38 -935 -244 -687 -570 -1,636 -1,352 -177 -3,832
-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 30 173 727 -466

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 46 111
ROCE % 56% 61% 51% 51% 47% 42% 44% 39% 40% 51% 38%

Shareholding Pattern

Numbers in percentages

32 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.25% 74.09% 74.07% 74.05% 74.03% 74.00% 68.69% 68.68% 68.66% 68.66% 68.64% 68.60%
13.07% 13.25% 12.53% 10.08% 8.42% 8.13% 9.21% 8.41% 8.21% 8.11% 8.65% 7.86%
4.77% 4.72% 5.41% 7.47% 8.10% 8.05% 10.43% 11.61% 12.34% 12.87% 12.85% 13.48%
0.00% 0.00% 0.00% 0.00% 0.04% 0.07% 0.04% 0.05% 0.08% 0.08% 0.08% 0.10%
7.91% 7.94% 7.99% 8.40% 9.41% 9.74% 11.61% 11.22% 10.71% 10.27% 9.78% 9.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00%
No. of Shareholders 2,18,7512,39,4842,63,6393,04,6243,87,9904,11,3106,01,3345,72,5455,41,2925,12,5604,83,4435,03,965

* 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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Documents

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