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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of LTIMindtree Ltd

About the Company - LTIMindtree Ltd

LTIMindtree Ltd. is a Public Limited Listed company incorporated on 23/12/1996 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72900MH1996PLC104693 and registration number is 104693. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 14406.40 Cr. and Equity Capital is Rs. 17.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareL&T House, Mumbai Maharashtra 400001investor@ltimindtree.com
https://www.ltimindtree.com
Management
NamePosition Held
Mr. A M NaikChairman
Mr. S N SubrahmanyanVice Chairman
Mr. Debashis ChatterjeeManaging Director & CEO
Mr. Sudhir ChaturvediWhole Time Director
Mr. Nachiket DeshpandeWhole Time Director
Mr. R Shankar RamanNon Executive Director
Mr. Chandrasekaran RamakrishnanIndependent Director
Mr. James AbrahamIndependent Director
Mr. Rajnish KumarIndependent Director
Mr. Sanjeev AgaIndependent Director
Mr. Vinayak ChatterjeeIndependent Director
Mrs. Apurva PurohitIndependent Director
Mr. Bijou KurienIndependent Director

LTIMindtree Ltd. Share Price Update

Share PriceValue
Today₹5,503.95
Previous Day₹5,451.80

Basic Stock Data of LTIMindtree Ltd

Market Cap 1,63,501 Cr.
Current Price 5,521
High / Low6,443/4,130
Stock P/E35.5
Book Value 610
Dividend Yield1.09 %
ROCE37.7 %
ROE28.6 %
Face Value 1.00

Data Source: screener.in

Competitors of LTIMindtree Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Infosys Ltd 7,06,261 Cr. 1,7021,733/1,18529.0 1932.00 %40.5 %31.8 % 5.00
Saksoft Ltd 2,907 Cr. 274402/13829.6 42.90.26 %28.4 %22.7 % 1.00
Xchanging Solutions Ltd 1,905 Cr. 171177/51.6154 46.017.6 %9.23 %6.96 % 10.0
FCS Software Solutions Ltd 901 Cr. 5.276.69/1.84585 2.090.00 %0.96 %0.35 % 1.00
Nucleus Software Exports Ltd 3,527 Cr. 1,3171,830/53417.0 2570.77 %27.1 %20.3 % 10.0
Industry Average182.8 Cr90.45162.92108.24.13%21.24%16.42%5.4

LTIMindtree Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,9983,1533,2693,4623,7674,1384,3027,6448,2288,6208,6918,7028,905
Expenses2,3132,4212,5542,8153,0343,3063,4556,1516,5927,2457,0877,0677,274
Operating Profit6867327166487338318461,4941,6361,3751,6041,6361,631
OPM %23%23%22%19%19%20%20%20%20%16%18%19%18%
Other Income376910312211110013417816115266132143
Interest19201918171919313838444647
Depreciation908283808588102166196178182185208
Profit before tax6136997176727428248601,4741,5631,3111,4441,5361,519
Tax %25%26%24%26%26%26%26%25%24%24%23%25%24%
Net Profit4575195464975526126381,1061,1891,0011,1141,1521,162
EPS in Rs26.1029.7031.2028.3931.4834.9336.3463.0640.1833.8237.6538.9239.26

LTIMindtree Ltd Quarterly Chart

LTIMindtree Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,1823,8514,9204,9785,8466,5017,3069,44610,87912,37026,10933,18334,918
Expenses2,4932,9813,7733,9734,8195,2716,1197,5628,8499,64520,86027,07528,673
Operating Profit6898701,1471,0051,0281,2301,1871,8832,0292,7255,2496,1086,245
OPM %22%23%23%20%18%19%16%20%19%22%20%18%18%
Other Income102221799187187426302329274766557493
Interest342131106316118379123150174
Depreciation105123130158174178156147273332597723753
Profit before tax5607491,2049361,0351,2361,4422,0282,0032,5885,2945,7925,811
Tax %25%25%17%18%19%21%23%25%24%25%25%24%
Net Profit4195629967698369711,1121,5161,5201,9383,9504,4104,429
EPS in Rs130.03174.14308.96238.3049.2556.9164.6587.3787.30110.79225.27149.02149.65
Dividend Payout %61%54%55%63%72%29%33%32%32%36%41%40%

LTIMindtree Ltd Profit & Loss Yearly Chart

LTIMindtree Ltd Growth

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:24%
3 Years:10%
1 Year:16%
Return on Equity
10 Years:34%
5 Years:32%
3 Years:32%
Last Year:29%

LTIMindtree Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16161616171717171718303030
Reserves1,0891,3231,5942,0102,1083,1273,8434,8765,3877,28614,25816,56218,035
Borrowings269234110218550009127982583541,742
Other Liabilities7157569457349581,2731,4771,7702,4992,6046,0276,5355,271
Total Liabilities2,0892,3282,6662,9783,1374,4175,3376,6648,81510,70620,57223,48125,078
Fixed Assets6326996496836385426819301,9201,9063,4733,6794,688
CWIP10814257252017125966503902131
Investments5949169104439411,2641,7402,2193,7306,0485,4586,766
Other Assets1,2901,4381,7912,1662,4372,9343,3853,9824,6175,00410,54813,44213,492
Total Assets2,0892,3282,6662,9783,1374,4175,3376,6648,81510,70620,57223,48125,078

LTIMindtree Ltd Reserves and Borrowings Chart

LTIMindtree Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3366086286428581,1708441,3951,6442,4003,2513,095
Cash from Investing Activity -97-224180-103-40-961-452-749-643-1,657-1,643-271
Cash from Financing Activity -253-396-769-497-817-33-408-594-890-509-1,680-1,932
Net Cash Flow-14-1340422176-1652110234-73892

LTIMindtree Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days797069807366707178616462
Inventory Days
Days Payable
Cash Conversion Cycle797069807366707178616462
Working Capital Days605042725243605347384048
ROCE %52%75%48%47%46%42%47%37%37%48%38%

LTIMindtree Ltd Financial Efficiency Indicators Chart

LTIMindtree Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.31%74.27%74.25%74.09%74.07%74.05%74.03%74.00%68.69%68.68%68.66%68.66%
FIIs13.29%13.55%13.07%13.25%12.53%10.08%8.42%8.13%9.21%8.41%8.21%8.11%
DIIs4.59%4.29%4.77%4.72%5.41%7.47%8.10%8.05%10.43%11.61%12.34%12.87%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.07%0.04%0.05%0.08%0.08%
Public7.81%7.89%7.91%7.94%7.99%8.40%9.41%9.74%11.61%11.22%10.71%10.27%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.00%
No. of Shareholders1,79,5751,93,9682,18,7512,39,4842,63,6393,04,6243,87,9904,11,3106,01,3345,72,5455,41,2925,12,560

LTIMindtree Ltd Shareholding Pattern Chart

No. of LTIMindtree Ltd Shareholders

LTIMindtree Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
UTI Flexi Cap Fund29086986.311610.46
SBI Nifty 50 ETF17017970.58942.23
Tata Digital India Fund11880627.64657.79
Axis Focused 25 Fund9842973.84544.98
ICICI Prudential Technology Fund9650614.61534.33
Mirae Asset Large & Midcap Fund6064951.11335.8
SBI Large & Midcap Fund4700001.52260.22
UTI Nifty 50 ETF4657650.58257.88
UTI Large Cap Fund4508812.14249.64
Aditya Birla Sun Life Digital India Fund4500875.82249.2

LTIMindtree Ltd ROCE Trend

LTIMindtree Ltd EPS Trend

LTIMindtree Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)149.07131.19110.9887.4587.67
Diluted EPS (Rs.)148.83130.81110.2686.6186.43
Cash EPS (Rs.)173.41151.62129.75103.0795.56
Book Value[Excl.RevalReserv]/Share (Rs.)560.78504.02417.55310.64281.30
Book Value[Incl.RevalReserv]/Share (Rs.)560.78504.02417.55310.64281.30
Revenue From Operations / Share (Rs.)1121.05895.35706.85625.21542.86
PBDIT / Share (Rs.)225.16201.43171.40135.55125.61
PBIT / Share (Rs.)200.74181.15152.40119.86117.15
PBT / Share (Rs.)195.66176.99147.90115.11116.54
Net Profit / Share (Rs.)149.00131.34110.7587.3987.10
NP After MI And SOA / Share (Rs.)148.93131.25110.6387.3687.12
PBDIT Margin (%)20.0822.4924.2421.6823.13
PBIT Margin (%)17.9020.2321.5619.1721.57
PBT Margin (%)17.4519.7620.9218.4121.46
Net Profit Margin (%)13.2914.6615.6613.9716.04
NP After MI And SOA Margin (%)13.2814.6515.6513.9716.04
Return on Networth / Equity (%)26.5626.0526.5028.1230.97
Return on Capital Employeed (%)32.9833.1933.0232.1140.58
Return On Assets (%)18.7618.4118.0717.2222.72
Long Term Debt / Equity (X)0.000.070.000.000.00
Total Debt / Equity (X)0.010.090.010.010.00
Asset Turnover Ratio (%)1.831.291.231.361.53
Current Ratio (X)3.133.043.092.713.14
Quick Ratio (X)3.133.043.092.713.14
Dividend Payout Ratio (NP) (%)35.4438.0927.4937.4329.83
Dividend Payout Ratio (CP) (%)30.4532.9923.4631.7327.19
Earning Retention Ratio (%)64.5661.9172.5162.5770.17
Cash Earning Retention Ratio (%)69.5567.0176.5468.2772.81
Interest Coverage Ratio (X)44.3148.4238.0628.55206.19
Interest Coverage Ratio (Post Tax) (X)30.3232.5725.6019.41143.97
Enterprise Value (Cr.)138037.20107811.4070125.7024401.2128890.88
EV / Net Operating Revenue (X)4.166.885.672.243.06
EV / EBITDA (X)20.7130.5823.3810.3513.22
MarketCap / Net Operating Revenue (X)4.246.885.732.293.10
Retention Ratios (%)64.5561.9072.5062.5670.16
Price / BV (X)8.4912.229.704.615.99
Price / Net Operating Revenue (X)4.246.885.732.293.10
EarningsYield0.030.020.020.060.05

LTIMindtree Ltd Profitability Ratios (%)

LTIMindtree Ltd Liquidity Ratios

LTIMindtree Ltd Liquidity Ratios (%)

LTIMindtree Ltd Interest Coverage Ratios (%)

LTIMindtree Ltd Valuation Ratios

Fair Value of LTIMindtree Ltd Stock

Fair Value: ₹6260.84

The stock is undervalued by 13.40% compared to the current price ₹5521

*Investments are subject to market risks

Strength and Weakness of LTIMindtree Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 43.08%, which is a positive sign.
  2. The company has higher reserves (6,269.08 cr) compared to borrowings (380.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (12.00 cr) and profit (174.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 154.26 and average Dividend Yield of 20.09%.
  2. The stock has a high average Working Capital Days of 50.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 70.25, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in LTIMindtree Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE