LTIMindtree Ltd

LTIMindtree Ltd

₹ 4,938 0.22%
28 Mar - close price
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)

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,966 3,033 3,173 3,427 3,843 3,964 7,338 7,950 8,326 8,362 8,379 8,570 8,701
2,294 2,368 2,592 2,774 3,068 3,195 5,887 6,373 7,022 6,824 6,808 7,000 7,190
Operating Profit 672 665 582 652 775 769 1,450 1,576 1,304 1,539 1,571 1,569 1,511
OPM % 23% 22% 18% 19% 20% 19% 20% 20% 16% 18% 19% 18% 17%
73 46 241 109 100 139 155 120 154 72 135 146 218
Interest 18 18 16 16 18 18 30 36 36 42 43 44 56
Depreciation 64 70 65 68 71 84 151 167 161 168 171 194 184
Profit before tax 662 624 741 677 787 806 1,425 1,493 1,261 1,402 1,492 1,478 1,489
Tax % 25% 25% 22% 27% 25% 26% 25% 25% 23% 22% 25% 23% 24%
494 467 576 497 589 599 1,068 1,127 965 1,089 1,123 1,134 1,135
EPS in Rs 28.30 26.72 32.94 28.36 33.63 34.19 60.93 38.11 32.62 36.82 37.97 38.31 38.36
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

27 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.27% 74.25% 74.09% 74.07% 74.05% 74.03% 74.00% 68.69% 68.68% 68.66% 68.66% 68.64%
13.55% 13.07% 13.25% 12.53% 10.08% 8.42% 8.13% 9.21% 8.41% 8.21% 8.11% 8.65%
4.29% 4.77% 4.72% 5.41% 7.47% 8.10% 8.05% 10.43% 11.61% 12.34% 12.87% 12.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.07% 0.04% 0.05% 0.08% 0.08% 0.08%
7.89% 7.91% 7.94% 7.99% 8.40% 9.41% 9.74% 11.61% 11.22% 10.71% 10.27% 9.78%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.00% 0.00%
No. of Shareholders 1,93,9682,18,7512,39,4842,63,6393,04,6243,87,9904,11,3106,01,3345,72,5455,41,2925,12,5604,83,443

* 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.

Click on the line-items to see the names of individual entities.

Documents

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