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50% Buy

LTI Mindtree Share Price

LTIM

₹4,834.55-₹5.20 (-0.11%) TodayLast updated on 27 May, 2024 | 09:43 AM IST
₹4,826.70₹4,854.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,43,336 Crs

Open

₹4,849.95

Close

₹4,839.75

Circuit range

₹5,323.70 - ₹4,355.80

Day range

₹4,826.70 - ₹4,854.00

Year range

₹4,565.50 - ₹6,442.00

Volume

29,618

Avg. traded

₹4,843.21

Revenue (12m)

₹35,517 Crs

LTI Mindtree

LTI Mindtree Ltd is India’s leading global technology consulting and digital solutions company. Its primary objective is to assist enterprises in fully utilising the potential of technology and embracing reinvention, thereby enabling them to reach their future goals swiftly and efficiently.

The journey of the company started in May 2022 when Larsen and Toubro Infotech Ltd (LTI) and Mindtree Ltd announced a merger to create a large-scale IT services player.

The perfect harmony of Mindtree’s digital services and LTI’s strong background in infrastructure management and enterprise applications equipped LTIMindtree with a comprehensive suite of capabilities and solutions.

The merger was completed in November 2022 and led to the formation of LTIMindtree Ltd. The stock was subsequently listed on stock exchanges in December 2022.

The merger led to LTIMindtree establishing a strong global presence across North America, Europe and the rest of the world with over 700 active clients, 84,000+ talented associates, and an annual revenue of over $4 billion. LITMindtree market capitalisation stood at over ₹1.83 lakh crore as of December 22, 2023. LTIMindtree share price has surged more than 41% in the last one year.

Business operations

LTI Mindtree caters to enterprises from multiple industries, including banking and financial services, insurance, communications, media, and entertainment, energy, healthcare, transport and hospitality.

Brand success:

The company specialises in building outcome-driven experiences for its customers, using omni-channel journeys to increase reach, engagement and sales. LTIMindtree offers a comprehensive portfolio of services that deliver value, increase sales and create passionate brand ambassadors for its clients.

Cybersecurity:

LTIMindtree’s cybersecurity maturity model is powered by technology-enabled progression towards intelligent and autonomous cyber defence. Data and analytics: The company aims at delivering cutting-edge data and analytics services to its clients and utilises state-of-the-art tools, accelerators, and platforms to help them navigate their digital transformation journeys.

Digital Engineering:

The company’s digital engineering services assist customers in conceiving, designing, and developing digital products that offer a seamless customer experience.

Cloud and Digital Infrastructure:

LTIMindtree provides clients reliable and efficient cloud and digital infrastructure services through a proven Full stack digital operating model.

Quality Engineering – Testing:

LTIMindtree’s dedicated quality engineering and testing practice division enables clients to achieve continuous quality across their run, change, and transformation initiatives.

Connected Universe – NxT:

Connected Universe provides the strategies organisations need to thrive in a hyper-connected, cloud-first world. The company brings those strategies to life with IoT-enabled and AI-powered solutions, as well as other emerging technologies.

Platform operations:

LTIMindtree’s platform operations offering simplifies and optimises the handoff process between IT and operations for enterprises. From delivery to performance to workload optimisation, LTIMindtree supports enterprises at every stage.

NxT Geospatial Engineering:

NxT Geospatial Engineering offers a map platform that integrates geospatial data from multiple sources and converts it into actionable insights. This solution is useful for engineers, project managers and C-suite leaders. Enterprise Cloud Applications: The SaaS platform products solve challenges in the areas of lead to revenue (quote to cash), supply chain, source to pay and connected planning.

Financial highlights

The company managed to post a strong performance in its first year itself despite substantial global uncertainties, macroeconomic obstacles, and the integration post the merger. The revenue stood at $4.1 billion in 2022-23, up 19.9% in constant currency terms and 17.2% in dollar terms. Rupee revenue stood at ₹33,183 crore in FY23, up 27.1% year-on-year. EBITDA margin stood at 18.4% for FY23 compared to 20.1% for FY22. Net profit grew 11.7% from ₹3,950 crore for FY22 to ₹4,410.3 crore for FY23. PAT margin was 13.3% for FY23 against 15.1% for FY22.

LTI Mindtree Key indicators

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52 week high

₹6,442.00

52 week low

₹4,565.50

P/E ratio

31.33

P/B ratio

6.8

ROE

29.15%

ROCE

38.37%

Dividend yield

1.41%

Debt/Equity ratio

EPS

143.79

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Investment checklist: (3/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

50%

Hold

28%

Sell

22%

This analysis is based on the reviews of 32 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

19.93%

Net profit margin

13.31%

ROE

29.15%

ROA

20.33%

ROCE

38.37%

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LTI Mindtree Shareholder returns

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1 day

+0.17%

1 week

+1.58%

1 month

+2.39%

3 months

-12.68%

1 year

+0.28%

3 years

+32.08%

5 years

+175.71%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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LTI Mindtree Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹4,843.00
₹4,839.75
+0.17%
Thu, May 23 2024
₹4,780.00
₹4,831.30
+1.16%
Wed, May 22 2024
₹4,740.00
₹4,775.75
+0.95%
Tue, May 21 2024
₹4,750.00
₹4,730.75
-0.43%
Sat, May 18 2024
₹4,789.95
₹4,751.10
-0.28%
Fri, May 17 2024
₹4,785.00
₹4,764.30
-0.14%
Thu, May 16 2024
₹4,665.95
₹4,771.20
+2.62%
Wed, May 15 2024
₹4,648.95
₹4,649.30
+0.31%

Shareholding info

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Promoters (68.6%)

Mutual Funds (6.22%)

Retail and other (9.96%)

Foreign institutions-FII (7.86%)

Other domestic institutions (7.36%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹20/share

    Ex date 27 Oct 2023

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  • Dividend • ₹40/share

    Ex date 10 Jul 2023

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  • Dividend • ₹20/share

    Ex date 31 Jan 2023

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  • Dividend • ₹30/share

    Ex date 30 Jun 2022

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  • Dividend • ₹15/share

    Ex date 25 Oct 2021

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  • Dividend • ₹45/share

    Ex date

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Frequently asked questions