Larsen & Toubro Infotech Ltd

Larsen & Toubro Infotech 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.(Source : 201903 Annual Report Page No: 91)

  • Market Cap: 43,882 Cr.
  • Current Price: 2,516
  • 52 weeks High / Low 2530.00 / 1207.60
  • Book Value: 309.90
  • Stock P/E: 27.76
  • Dividend Yield: 1.11 %
  • ROCE: 40.38 %
  • ROE: 29.52 %
  • Sales Growth (3Yrs): 18.72 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company is virtually 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 8.12 times its book value

Peer comparison Sector: IT - Software // Industry: Computers - Software - Large

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,751 1,884 2,001 2,156 2,331 2,473 2,486 2,485 2,571 2,811 3,012 2,949
1,457 1,562 1,709 1,737 1,852 1,964 2,009 2,027 2,105 2,283 2,434 2,357
Operating Profit 294 322 292 419 479 509 477 458 466 528 578 592
OPM % 17% 17% 15% 19% 21% 21% 19% 18% 18% 19% 19% 20%
Other Income 105 92 117 107 97 31 67 101 94 64 70 66
Interest 4 4 5 3 2 2 3 20 20 21 22 21
Depreciation 41 40 36 38 37 36 37 61 66 71 75 78
Profit before tax 355 370 368 485 537 502 504 478 473 500 551 559
Tax % 23% 23% 21% 26% 25% 25% 25% 26% 24% 25% 22% 26%
Net Profit 273 283 290 361 400 376 379 356 360 377 427 417
EPS in Rs 15.95 16.49 16.84 21.00 23.14 21.67 21.86 20.51 20.73 21.70 24.52 23.92
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 11,343
2,492 2,981 3,773 3,973 4,819 5,271 6,119 7,562 8,849 9,180
Operating Profit 690 870 1,147 1,005 1,028 1,230 1,187 1,883 2,029 2,163
OPM % 22% 23% 23% 20% 18% 19% 16% 20% 19% 19%
Other Income 10 22 217 99 187 187 426 302 329 294
Interest 34 21 31 10 6 3 16 11 83 84
Depreciation 105 123 130 158 174 178 156 147 273 290
Profit before tax 560 749 1,204 936 1,035 1,236 1,442 2,028 2,003 2,084
Tax % 25% 25% 17% 18% 19% 21% 23% 25% 24%
Net Profit 419 562 996 769 836 971 1,112 1,516 1,520 1,581
EPS in Rs 117.21 158.76 279.90 210.20 43.02 55.14 64.65 87.12 87.36 90.87
Dividend Payout % 61% 54% 55% 63% 72% 29% 33% 32% 32%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:16.92%
3 Years:18.72%
TTM:16.04%
Compounded Profit Growth
10 Years:%
5 Years:14.59%
3 Years:16.71%
TTM:4.66%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:50.55%
1 Year:58.90%
Return on Equity
10 Years:%
5 Years:33.50%
3 Years:31.84%
Last Year:29.52%

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
16 16 16 16 17 17 17 17 17
Reserves 1,089 1,323 1,594 2,010 2,108 3,127 3,843 4,876 5,387
Borrowings 269 234 110 218 55 0 0 0 32
715 756 945 734 958 1,273 1,477 1,770 3,379
Total Liabilities 2,089 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815
632 699 649 683 638 542 681 930 1,920
CWIP 108 142 57 25 20 1 7 12 59
Investments 59 49 169 104 43 941 1,264 1,740 2,219
1,290 1,438 1,791 2,166 2,437 2,934 3,385 3,982 4,617
Total Assets 2,089 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815

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 in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
84.03 83.68 82.96 81.54 75.00 74.84 74.80 74.79 74.62 74.58 74.53 74.51
5.94 6.08 6.92 7.98 9.53 7.84 7.71 8.03 7.70 9.11 9.46 9.76
2.02 2.24 2.19 2.76 5.92 7.38 7.12 6.87 8.16 7.16 7.19 7.27
8.02 8.01 7.93 7.72 9.55 9.94 10.37 10.31 9.52 9.15 8.81 8.46