LTIMindtree Ltd

LTIMindtree Ltd

₹ 4,672 0.24%
22 Apr 12:21 p.m.
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 1,38,356 Cr.
  • Current Price 4,672
  • High / Low 6,443 / 4,148
  • Stock P/E 30.1
  • Book Value 610
  • Dividend Yield 1.29 %
  • ROCE 37.7 %
  • ROE 28.6 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
  • Company has been maintaining a healthy dividend payout of 39.2%
  • Company's median sales growth is 15.2% of last 10 years

Cons

  • Stock is trading at 7.69 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

Consolidated Figures in Rs. Crores / View Standalone

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
3,153 3,269 3,462 3,767 4,138 4,302 7,644 8,228 8,620 8,691 8,702 8,905 9,017
2,421 2,554 2,815 3,034 3,306 3,455 6,151 6,592 7,245 7,087 7,067 7,274 7,432
Operating Profit 732 716 648 733 831 846 1,494 1,636 1,375 1,604 1,636 1,631 1,585
OPM % 23% 22% 19% 19% 20% 20% 20% 20% 16% 18% 19% 18% 18%
69 103 122 111 100 134 178 161 152 66 132 143 220
Interest 20 19 18 17 19 19 31 38 38 44 46 47 61
Depreciation 82 83 80 85 88 102 166 196 178 182 185 208 199
Profit before tax 699 717 672 742 824 860 1,474 1,563 1,311 1,444 1,536 1,519 1,545
Tax % 26% 24% 26% 26% 26% 26% 25% 24% 24% 23% 25% 24% 24%
519 546 497 552 612 638 1,106 1,189 1,001 1,114 1,152 1,162 1,169
EPS in Rs 29.70 31.20 28.39 31.48 34.93 36.34 63.06 40.18 33.82 37.65 38.92 39.26 39.49
Raw PDF
Upcoming result date: 24 April 2024

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 Mar 2021 Mar 2022 Mar 2023 TTM
3,182 3,851 4,920 4,978 5,846 6,501 7,306 9,446 10,879 12,370 26,109 33,183 35,315
2,493 2,981 3,773 3,973 4,819 5,271 6,119 7,562 8,849 9,645 20,860 27,075 28,860
Operating Profit 689 870 1,147 1,005 1,028 1,230 1,187 1,883 2,029 2,725 5,249 6,108 6,455
OPM % 22% 23% 23% 20% 18% 19% 16% 20% 19% 22% 20% 18% 18%
10 22 217 99 187 187 426 302 329 274 766 557 561
Interest 34 21 31 10 6 3 16 11 83 79 123 150 197
Depreciation 105 123 130 158 174 178 156 147 273 332 597 723 774
Profit before tax 560 749 1,204 936 1,035 1,236 1,442 2,028 2,003 2,588 5,294 5,792 6,045
Tax % 25% 25% 17% 18% 19% 21% 23% 25% 24% 25% 25% 24%
419 562 996 769 836 971 1,112 1,516 1,520 1,938 3,950 4,410 4,598
EPS in Rs 130.03 174.14 308.96 238.30 49.25 56.91 64.65 87.37 87.30 110.79 225.27 149.02 155.32
Dividend Payout % 61% 54% 55% 63% 72% 29% 33% 32% 32% 36% 41% 40%
Compounded Sales Growth
10 Years: 24%
5 Years: 35%
3 Years: 45%
TTM: 23%
Compounded Profit Growth
10 Years: 23%
5 Years: 32%
3 Years: 43%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 6%
1 Year: 12%
Return on Equity
10 Years: 34%
5 Years: 32%
3 Years: 32%
Last Year: 29%

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 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 16 17 17 17 17 17 18 30 30 30
Reserves 1,089 1,323 1,594 2,010 2,108 3,127 3,843 4,876 5,387 7,286 14,258 16,562 18,035
269 234 110 218 55 0 0 0 912 798 258 354 1,742
715 756 945 734 958 1,273 1,477 1,770 2,499 2,604 6,027 6,535 5,271
Total Liabilities 2,089 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815 10,706 20,572 23,481 25,078
632 699 649 683 638 542 681 930 1,920 1,906 3,473 3,679 4,688
CWIP 108 142 57 25 20 1 7 12 59 66 503 902 131
Investments 59 49 169 104 43 941 1,264 1,740 2,219 3,730 6,048 5,458 6,766
1,290 1,438 1,791 2,166 2,437 2,934 3,385 3,982 4,617 5,004 10,548 13,442 13,492
Total Assets 2,089 2,328 2,666 2,978 3,137 4,417 5,337 6,664 8,815 10,706 20,572 23,481 25,078

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 Mar 2021 Mar 2022 Mar 2023
336 608 628 642 858 1,170 844 1,395 1,644 2,400 3,251 3,095
-97 -224 180 -103 -40 -961 -452 -749 -643 -1,657 -1,643 -271
-253 -396 -769 -497 -817 -33 -408 -594 -890 -509 -1,680 -1,932
Net Cash Flow -14 -13 40 42 2 176 -16 52 110 234 -73 892

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 Mar 2021 Mar 2022 Mar 2023
Debtor Days 79 70 69 80 73 66 70 71 78 61 64 62
Inventory Days
Days Payable
Cash Conversion Cycle 79 70 69 80 73 66 70 71 78 61 64 62
Working Capital Days 60 50 42 72 52 43 60 53 47 38 40 48
ROCE % 52% 75% 48% 47% 46% 42% 47% 37% 37% 48% 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.

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

Documents

Concalls