Larsen & Toubro Infotech Ltd

About

Larsen & Toubro Infotech is 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 i

  • Market Cap 55,879 Cr.
  • Current Price 3,200
  • High / Low 3,515 / 1,208
  • Stock P/E 33.3
  • Book Value 362
  • Dividend Yield 0.87 %
  • ROCE 40.4 %
  • ROE 29.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.84%
  • Company has been maintaining a healthy dividend payout of 32.48%

Cons

  • Stock is trading at 8.83 times its book value
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
1,884 2,001 2,156 2,331 2,473 2,486 2,485 2,571 2,811 3,012 2,949 2,998
1,562 1,709 1,737 1,852 1,964 2,009 2,027 2,105 2,283 2,434 2,357 2,313
Operating Profit 322 292 419 479 509 477 458 466 528 578 592 686
OPM % 17% 15% 19% 21% 21% 19% 18% 18% 19% 19% 20% 23%
Other Income 92 117 107 97 31 67 101 94 64 70 66 37
Interest 4 5 3 2 2 3 20 20 21 22 21 19
Depreciation 40 36 38 37 36 37 61 66 71 75 78 90
Profit before tax 370 368 485 537 502 504 478 473 500 551 559 613
Tax % 23% 21% 26% 25% 25% 25% 26% 24% 25% 22% 26% 25%
Net Profit 283 290 361 400 376 379 356 360 377 427 417 456
EPS in Rs 16.46 16.83 21.00 23.12 21.65 21.84 20.50 20.70 21.68 24.51 23.92 26.10
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,182 3,851 4,920 4,978 5,846 6,501 7,306 9,446 10,879 11,771
2,492 2,981 3,773 3,973 4,819 5,271 6,119 7,562 8,849 9,387
Operating Profit 690 870 1,147 1,005 1,028 1,230 1,187 1,883 2,029 2,383
OPM % 22% 23% 23% 20% 18% 19% 16% 20% 19% 20%
Other Income 10 22 217 99 187 187 426 302 329 237
Interest 34 21 31 10 6 3 16 11 83 83
Depreciation 105 123 130 158 174 178 156 147 273 314
Profit before tax 560 749 1,204 936 1,035 1,236 1,442 2,028 2,003 2,223
Tax % 25% 25% 17% 18% 19% 21% 23% 25% 24%
Net Profit 419 562 996 769 836 971 1,112 1,516 1,520 1,676
EPS in Rs 130.03 174.14 308.96 238.30 49.25 56.91 64.65 87.37 87.30 96.21
Dividend Payout % 61% 54% 55% 63% 72% 29% 33% 32% 32%
Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:19%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:15%
3 Years:17%
TTM:14%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:47%
1 Year:96%
Return on Equity
10 Years:%
5 Years:34%
3 Years:32%
Last Year:30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
16 16 16 16 17 17 17 17 17 18
Reserves 1,089 1,323 1,594 2,010 2,108 3,127 3,843 4,876 5,387 6,308
Borrowings 269 234 110 218 55 0 0 0 32 861
715 756 945 734 958 1,273 1,477 1,770 3,379 2,206
Total Liabilities 2,089 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815 9,392
632 699 649 683 638 542 681 930 1,920 1,897
CWIP 108 142 57 25 20 1 7 12 59 36
Investments 59 49 169 104 43 941 1,264 1,740 2,219 2,959
1,290 1,438 1,791 2,166 2,437 2,934 3,385 3,982 4,617 4,500
Total Assets 2,089 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815 9,392

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
336 608 628 642 858 1,170 844 1,395 1,644
-97 -224 180 -103 -40 -961 -452 -749 -643
-253 -396 -769 -497 -817 -33 -408 -594 -890
Net Cash Flow -14 -13 40 42 2 176 -16 52 110

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 52% 75% 48% 47% 46% 42% 47% 40%
Debtor Days 79 70 69 80 73 66 70 71 78
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
83.68 82.96 81.54 75.00 74.84 74.80 74.79 74.62 74.58 74.53 74.51 74.36
6.08 6.92 7.98 9.53 7.84 7.71 8.03 7.70 9.11 9.46 9.76 11.21
2.24 2.19 2.76 5.92 7.38 7.12 6.87 8.16 7.16 7.19 7.27 6.41
8.01 7.93 7.72 9.55 9.94 10.37 10.31 9.52 9.15 8.81 8.46 8.02

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