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LTIMindtree Ltd share Price Today

Company details

4,970.50
5,075.85
4,513.55
6,442.00
6M Return -18.80%
1Y Return -1.29%
Mkt Cap.(Cr) 147,637.26
Volume 132,961
Div Yield 1.28%
OI
-
OI Chg %
-
Volume 132,961

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About The Stock

    LTIMindtree (LTIM) is the merged entity formed after the merger of erstwhile Mindtree with LTI. It offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals.

    • LTIM has 700+ clients and combined annual revenue over US$4.1 bn+
    • LTIM has a combined employee strength of 84,000+ across 30+ countries
Q4FY23 Results:

    LTIM reported margin recovery in Q4 results.

    • In CC terms, revenues grew 0.7% QoQ and 13.5% YoY
    • EBIT margins improved 250 bps QoQ to 16.4%
    • FY23 order book at US$4.87 bn

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Research view on more stocks

IT Consulting & Software company LTIMindtree announced FY24 & Q4FY24 results:

Q4FY24 Financial Highlights:

• In USD:
Revenue at USD 1,069.4 million (-1.3% QoQ / 1.1% YoY)
Net profit at USD 132.4 million (-5.8% QoQ / -2.4% YoY)
• In INR:
Revenue at Rs 88,929 million (-1.4% QoQ / 2.3% YoY)
Net profit at Rs 11,007 million (-5.9% QoQ / -1.2% YoY)

FY24 Financial Highlights:

• In USD:
Revenue at USD 4,287.3 million (growth of 4.4% YoY)
Net profit at USD 553.4 million (growth of 1.4% YoY)
• In INR:
Revenue at Rs 3,55,170 million (growth of 7.0% YoY)
Net profit at Rs 45,846 million (growth of 4.0% YoY) 

Other highlights:
• Clients:

  • 738 active clients as of March 31, 2024.
  • USD 5 million clients increased by 7 on a YoY basis, total 153.
  • USD 10 million clients increased by 10 on a YoY basis, total 91.
  • USD 20 million clients increased by 2 on a YoY basis, total 40.

• People:

  • 81,650 professionals as of March 31, 2024.
  • Trailing 12 months attrition was 14.4%.

Debashis Chatterjee, Chief Executive Officer and Managing Director said, “We closed FY24 amidst a tough macro environment and delivered a resilient performance with full-year revenue growth of 4.4% in USD terms and an EBIT margin of 15.7%. Our order inflow for the full year at USD 5.6 billion registered a 15.7% growth over FY23. This growth reflects the positive outcomes of our positioning as an organization with scale, expanded capabilities, and larger partnerships. As the market dynamics evolve, we are excited to be part of innovations, partnerships, and initiatives that our clients will embark on in FY 25.”

Result PDF

View Other Company Results

LTIMindtree Ltd shares SWOT Analysis

Strengths (5)

  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Annual Net Profits improving for last 2 years

Weakness (4)

  • Negative Breakdown Second Support (LTP < S2)
  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 5,132.4
R2 5,175.2
R3 5,218.3
Pivot

5,089.22

S1 5,046.4
S2 5,003.3
S3 4,960.5
EMA SMA
4,874.7
4,878.1
5,012.7
5,108.5
4,849.3
4,783.4
5,049.0
5,297.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 5619.55 72747 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 5619.55 72747 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 5058 75172 NSE
Name Category Shares
Larsen And Toubro Limited PROMOTER 68.6%

OUR RESEARCH VIEW

Investment recommendation
Call Date
28 Apr 2023
Entry Price 4,400.00
Target Price 5,320.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

LTIMindtree Ltd Stocks COMPARISON

Financials( in Cr) LTIMindtree Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 4,985.00 3,804.20 1,499.15 1,435.80 488.45
% Change -2.06 -0.29 0.06 -0.10 -0.69
Mcap Cr 147,637.26 1,376,393.04 622,277.23 389,628.02 255,221.87
Revenue TTM Cr 35,517.00 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 4,584.60 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 32.89 29.62 23.90 24.85 23.29
1 Year Return -1.29 18.50 15.85 26.22 28.49
ROCE 30.98 62.85 44.74 27.62 17.11
ROE 25.05 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 20,017.10 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35
LTIMindtree Limited - Press Release

Jun 12, 2024 l NSE Announcement

LTIMindtree launches MELD platform in collaboration with SNP

Jun 12, 2024 l BSE Announcement

Date Action Type Ratio
Jun 19, 2024 Dividend 4500
Oct 27, 2023 Dividend 2000
Jul 10, 2023 Dividend 4000

LTIMindtree Ltd Information

Stock PE (TTM)
32.89
Promoter Holding
68.6%
Book Value
675.8809
ROCE
30.98%
ROE
25.05%
Description
  • Larsen & Toubro Infotech Ltd. is a multinational information technology services and consulting company in India. It was incorporated in 1997 as a subsidiary of Larsen & Toubro Ltd. The company’s headquarters are in Mumbai. For the quarter ended June 2022, the company’s total income was Rs 4,666.90 crore, up 5.21% from the previous quarter ended March 2022. On 5 August 2022, the company’s market capitalisation stood at Rs HYPERLINK

    "https://www.moneycontrol.com/india/stockpricequote/computers-software/larsentoubroinfotech/LI12" 86,353 crore.

    The company is listed on the Bombay Stock Exchange with the code 540005. Its National Stock Exchange’s listing code is LTI.
    Larsen & Toubro Infotech Ltd. offers various services, such as application development and maintenance, package implementation and support, managed services, engineering services, data warehousing and business intelligence, enterprise application integration, embedding intelligence services, and strategy consulting. It serves the industries of insurance, energy, banking and financial services, life sciences, healthcare, media and entertainment, manufacturing, utilities, Hi-Tech, CPG and retail.
    On 30 June 2022, the company’s shareholding pattern indicated a 74.03% promoter stake, 8.42% foreign institutional investor stake, 8.14% domestic institutional investor stake, and 9.41% public stake. The company also had a total of 17.53 crores shares outstanding. During FY 2021-2022, Larsen & Toubro Infotech Ltd.’s total revenue was Rs HYPERLINK "https://economictimes.indiatimes.com/larsen-toubro-infotech-ltd/stocks/companyid-3318.cms" 16,135.40 crore.
    The company’s founder chairman is Mr A M Naik. The other board members include Mr S N Subrahmanyan, Mr Nachiket Deshpande, Mrs Aruna Sundarajan, Mr Rajnish Kumar, Mr James Abraham, Mr Sanjeev Aga, Mr R Shankar Raman, Mr Sudhir Chaturvedi, and Mr Vinayak Chatterjee, among otheRs The auditors are B K Khare & Co.
    On 5 August 2022, Larsen & Toubro Infotech Ltd.’s share price on BSE closed at Rs 4,923.15. Its share price on NSE closed at Rs 4,925.35. The 52-week high for Larsen & Toubro Infotech Ltd.’s share price was Rs 7,588.80, and the 52-week low share price was Rs 3,733.30.
    As of July 2022, LIC MF Debt Hybrid Fund had a 1.17% stake in Larsen & Toubro Infotech Ltd. LIC MF Arbitrage Fund had a 0.98% stake, while LIC MF Nifty 100 ETF had a 0.24% stake.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

L & T House, Ballard Estate, Mumbai, Maharashtra, 400001

Tel : 91-22-67525656
Email : investor:lntinfotech.com
Website : http://www.lntinfotech.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 540005
NSE Code : LTIM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE214T01019

FAQ’s on LTIMindtree Ltd Shares

You can buy LTIMindtree Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy LTIMindtree Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 19, 2024 10:19 AM the closing price of LTIMindtree Ltd was Rs.4,985.00.

The latest PE ratio of LTIMindtree Ltd as of Jun 19, 2024 10:19 AM is 32.89

The latest PB ratio of LTIMindtree Ltd as of Jun 19, 2024 10:19 AM is 0.13

The 52-week high of LTIMindtree Ltd share price is Rs. 6,442.00 while the 52-week low is Rs. 4,513.55

According to analyst recommendations, LTIMindtree Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 19, 2024 10:19 AM, the market cap of LTIMindtree Ltd stood at Rs. 147,637.26.

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