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LTIMindtree Ltd share Price Today

Company details

5,175.00
5,249.95
4,132.20
6,442.00
6M Return -5.53%
1Y Return 13.74%
Mkt Cap.(Cr) 153,740.22
Volume 431,880
Div Yield 1.16%
OI
-
OI Chg %
-
Volume 431,880

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About The Stock

    Larsen & Toubro Infotech (LTI) offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals.

    • LTI has 71 Fortune-500 clients with a presence in North America & Europe
    • LTI has grown at 19% CAGR over FY17-22 with robust margins (>19%)
Q4FY22

    LTI reported weak numbers.

    • Constant currency revenues increased 3.6% QoQ
    • EBIT margin contracted 60 bps QoQ to 17.3%
    • Guided for 290 bps QoQ EBIT margin contraction in Q1FY23 on salary hikes

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Research view on more stocks

IT Consulting & Software company LTIMindtree announced Q3FY24 & 9MFY24 results:

Q3FY24:

  • In USD:
    • Revenue at $1,083.7 million (growth of 0.8% QoQ / 3.5% YoY)
    • Net profit at $140.5 million (growth of 0.1% QoQ / 15.6% YoY)
  • In INR:
    • Revenue at Rs 90,166 million (growth of 1.2% QoQ / 4.6% YoY)
    • Net profit at Rs 11,693 million (growth of 0.6% QoQ / 16.8% YoY)

9MFY24 vs 9MFY23:

  • In USD:
    • Revenue at $3,217.9 million (growth of 5.6%)
    • Net profit at $421.1 million (growth of 2.7%)
  • In INR:
    • Revenue at Rs 2,66,241 million (growth of 8.7%)
    • Net profit at Rs 34,839 million (growth of 5.7%)

Other highlights:

  • Clients: 739 active clients as of December 31, 2023
    • $5 million clients increased by 5 on a YoY basis, total 149
    • $10 million clients increased by 8 on a YoY basis, total 89
    • $20 million clients increased by 3 on a YoY basis, total 40
    • $50 million clients increased by 1 on a YoY basis, total 12
  • People:
    • 82,471 professionals as of December 31, 2023
    • Trailing 12 months attrition was 14.2%

“Our strong operational performance in a seasonally weak quarter speaks about the organization’s resilience amid the continuing macro challenges. For the quarter, we reported a revenue of USD 1.08 billion, a 3.5% YoY growth in USD terms, an EBIT margin of 15.4%, an increase of 150 bps YoY, and a PAT margin of 13%, an increase of 140 bps YoY.

We have booked our highest-ever order inflow at USD 1.5 billion, representing a 21% increase YoY, and our strong cash flow metrics helped us cross Rs 10,000 crore in cash and investment balance. These strong indicators make us confident to deliver on our path to success as we enter the new year.” said Debashis Chatterjee, Chief Executive Officer and Managing Director.

 

Result PDF

View Other Company Results

LTIMindtree Ltd shares SWOT Analysis

Strengths (10)

  • Rising Net Cash Flow and Cash from Operating activity
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (3)

  • Negative Breakdown Second Support (LTP < S2)
  • MFs decreased their shareholding last quarter
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (4)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 5,208.3
R2 5,249.1
R3 5,278.2
Pivot

5,179.13

S1 5,138.3
S2 5,109.2
S3 5,068.4
EMA SMA
5,283.3
5,439.6
5,473.4
5,350.6
5,296.5
5,517.0
5,575.7
5,356.6
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 68.64%

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 5,194.40 4,216.40 1,634.30 1,647.85 517.20
% Change -1.33 0.21 -1.15 -1.87 -0.14
Mcap Cr 153,740.22 1,525,530.62 678,307.72 447,171.29 270,206.07
Revenue TTM Cr 33,183.00 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 4,410.30 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 33.28 32.90 27.26 28.38 23.63
1 Year Return 13.74 31.15 15.09 52.01 36.30
ROCE 34.87 58.04 44.36 27.62 17.11
ROE 28.56 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 16,592.10 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20
LTIMindtree Limited - Updates

Mar 18, 2024 l NSE Announcement

LTIMindtree Limited - Loss of Share Certificates

Mar 13, 2024 l NSE Announcement

Date Action Type Ratio
Oct 27, 2023 Dividend 2000
Jul 10, 2023 Dividend 4000
Jan 31, 2023 Dividend 2000

LTIMindtree Ltd Information

Stock PE (TTM)
33.28
Promoter Holding
68.64%
Book Value
609.9544
ROCE
34.87%
ROE
28.56%
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 Mar 15, 2024 03:09 PM the closing price of LTIMindtree Ltd was ₹ 5,194.40.

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 Mar 15, 2024 03:09 PM, the market cap of LTIMindtree Ltd stood at ₹ 153,740.22.

The latest PE ratio of LTIMindtree Ltd as of Mar 15, 2024 03:09 PM is 33.28

The latest PB ratio of LTIMindtree Ltd as of Mar 15, 2024 03:09 PM is 0.12

The 52-week high of LTIMindtree Ltd is ₹ 6,442.00 while the 52-week low is ₹ 4,132.20

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

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