LTIMindtree Ltd
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]
- Market Cap ₹ 1,46,257 Cr.
- Current Price ₹ 4,938
- High / Low ₹ 6,443 / 4,130
- Stock P/E 32.6
- Book Value ₹ 588
- Dividend Yield 1.21 %
- ROCE 38.4 %
- ROE 28.5 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 31.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.7%
- Company has been maintaining a healthy dividend payout of 40.8%
Cons
- Stock is trading at 8.41 times its book value
- Promoter holding has decreased over last 3 years: -5.67%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,960 | 3,613 | 4,644 | 4,744 | 5,568 | 6,183 | 6,906 | 8,907 | 10,184 | 11,566 | 24,845 | 31,975 | 34,012 | |
2,340 | 2,809 | 3,797 | 3,789 | 4,643 | 5,085 | 5,858 | 7,184 | 8,318 | 9,060 | 19,878 | 26,105 | 27,822 | |
Operating Profit | 619 | 805 | 847 | 955 | 926 | 1,098 | 1,048 | 1,723 | 1,866 | 2,506 | 4,967 | 5,870 | 6,190 |
OPM % | 21% | 22% | 18% | 20% | 17% | 18% | 15% | 19% | 18% | 22% | 20% | 18% | 18% |
9 | 17 | 355 | 88 | 228 | 198 | 525 | 329 | 422 | 225 | 889 | 501 | 572 | |
Interest | 36 | 20 | 30 | 10 | 6 | 3 | 14 | 4 | 72 | 72 | 119 | 144 | 185 |
Depreciation | 57 | 62 | 68 | 91 | 103 | 109 | 91 | 88 | 208 | 268 | 530 | 639 | 717 |
Profit before tax | 536 | 739 | 1,104 | 943 | 1,044 | 1,184 | 1,468 | 1,960 | 2,007 | 2,392 | 5,207 | 5,588 | 5,860 |
Tax % | 24% | 24% | 18% | 18% | 18% | 21% | 21% | 25% | 23% | 25% | 25% | 24% | |
405 | 562 | 902 | 773 | 856 | 938 | 1,160 | 1,475 | 1,552 | 1,788 | 3,912 | 4,256 | 4,482 | |
EPS in Rs | 125.51 | 174.13 | 279.79 | 239.68 | 50.42 | 54.97 | 67.45 | 85.02 | 89.15 | 102.34 | 223.22 | 143.88 | 151.46 |
Dividend Payout % | 63% | 54% | 61% | 62% | 70% | 30% | 32% | 33% | 31% | 39% | 42% | 42% |
Compounded Sales Growth | |
---|---|
10 Years: | 24% |
5 Years: | 36% |
3 Years: | 46% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 31% |
3 Years: | 43% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 6% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | 33% |
5 Years: | 32% |
3 Years: | 32% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 18 | 30 | 30 | 30 |
Reserves | 1,012 | 1,217 | 1,452 | 1,909 | 1,947 | 2,960 | 3,701 | 4,696 | 5,211 | 6,924 | 13,846 | 15,970 | 17,359 |
249 | 207 | 107 | 218 | 55 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,545 | |
705 | 750 | 930 | 764 | 936 | 1,236 | 1,300 | 1,513 | 3,088 | 3,047 | 5,941 | 6,457 | 4,977 | |
Total Liabilities | 1,981 | 2,189 | 2,506 | 2,907 | 2,955 | 4,213 | 5,019 | 6,227 | 8,317 | 9,988 | 19,816 | 22,456 | 23,911 |
247 | 254 | 294 | 337 | 320 | 286 | 273 | 315 | 1,152 | 1,033 | 2,550 | 2,767 | 3,910 | |
CWIP | 28 | 78 | 51 | 24 | 19 | 1 | 7 | 8 | 40 | 43 | 472 | 856 | 131 |
Investments | 439 | 424 | 455 | 458 | 322 | 1,231 | 1,560 | 2,260 | 2,874 | 4,382 | 6,711 | 6,121 | 7,226 |
1,267 | 1,433 | 1,706 | 2,088 | 2,293 | 2,695 | 3,179 | 3,644 | 4,252 | 4,530 | 10,083 | 12,712 | 12,644 | |
Total Assets | 1,981 | 2,189 | 2,506 | 2,907 | 2,955 | 4,213 | 5,019 | 6,227 | 8,317 | 9,988 | 19,816 | 22,456 | 23,911 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
325 | 483 | 613 | 580 | 765 | 1,047 | 711 | 1,248 | 1,644 | 2,179 | 3,206 | 2,883 | |
-36 | -91 | 162 | -98 | 38 | -935 | -244 | -687 | -570 | -1,636 | -1,352 | -177 | |
-297 | -402 | -743 | -495 | -817 | -44 | -408 | -595 | -918 | -513 | -1,682 | -1,980 | |
Net Cash Flow | -8 | -9 | 32 | -12 | -14 | 68 | 59 | -34 | 156 | 30 | 173 | 727 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 77 | 73 | 67 | 79 | 72 | 66 | 70 | 71 | 78 | 64 | 64 | 61 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 77 | 73 | 67 | 79 | 72 | 66 | 70 | 71 | 78 | 64 | 64 | 61 |
Working Capital Days | 62 | 50 | 37 | 78 | 50 | 43 | 63 | 58 | 47 | 39 | 37 | 46 |
ROCE % | 43% | 56% | 61% | 51% | 51% | 47% | 42% | 44% | 39% | 40% | 51% | 38% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11h
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 21 Mar
- Announcement under Regulation 30 (LODR)-Change in Management 18 Mar
- Intimation Of Registration Of Branch Office In Croatia 15 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Mar
Annual reports
Concalls
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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)