Financials LTIMindtree Limited

Equities

LTIM

INE214T01019

IT Services & Consulting

Market Closed - NSE India S.E. 07:43:48 2024-04-26 am EDT 5-day change 1st Jan Change
4,788 INR +3.31% Intraday chart for LTIMindtree Limited +2.74% -23.94%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 295,418 248,801 708,491 1,078,858 1,408,013 1,417,767 - -
Enterprise Value (EV) 1 292,204 228,869 701,756 1,048,074 1,352,618 1,414,938 1,341,711 1,314,920
P/E ratio 19.7 x 16.5 x 36.8 x 47.1 x 32 x 32 x 28.1 x 23.9 x
Yield 1.64% 1.96% 0.99% 0.73% 1.26% 0.91% 1.5% 1.69%
Capitalization / Revenue 3.13 x 2.29 x 5.73 x 6.89 x 4.24 x 4.12 x 3.75 x 3.36 x
EV / Revenue 3.09 x 2.1 x 5.67 x 6.69 x 4.08 x 3.98 x 3.55 x 3.11 x
EV / EBITDA 15.5 x 11.3 x 25.8 x 34.3 x 22.1 x 22.2 x 19.3 x 16.3 x
EV / FCF 23.5 x 16.4 x 33 x 132 x 62.8 x 29.3 x 32.1 x 25.5 x
FCF Yield 4.25% 6.1% 3.03% 0.76% 1.59% 3.41% 3.12% 3.92%
Price to Book 6.05 x 4.6 x 9.71 x 12.2 x 8.49 x 7.3 x 6.24 x 5.42 x
Nbr of stocks (in thousands) 173,510 174,127 174,751 175,270 295,823 296,105 - -
Reference price 2 1,703 1,429 4,054 6,155 4,760 4,788 4,788 4,788
Announcement Date 5/2/19 5/19/20 5/4/21 4/19/22 4/27/23 4/24/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 94,458 108,786 123,698 156,687 331,830 355,170 377,715 422,365
EBITDA 1 18,833 20,294 27,251 30,584 61,077 63,874 69,457 80,606
EBIT 1 17,361 17,564 23,926 27,035 53,850 55,685 60,231 70,553
Operating Margin 18.38% 16.15% 19.34% 17.25% 16.23% 15.68% 15.95% 16.7%
Earnings before Tax (EBT) 1 20,278 20,029 25,882 30,974 57,915 60,487 66,887 78,904
Net income 1 15,159 15,201 19,361 22,985 44,083 45,846 50,606 59,524
Net margin 16.05% 13.97% 15.65% 14.67% 13.28% 12.91% 13.4% 14.09%
EPS 2 86.43 86.61 110.3 130.8 148.8 154.5 170.3 200.3
Free Cash Flow 1 12,417 13,970 21,277 7,930 21,553 48,263 41,806 51,561
FCF margin 13.15% 12.84% 17.2% 5.06% 6.5% 13.59% 11.07% 12.21%
FCF Conversion (EBITDA) 65.93% 68.84% 78.08% 25.93% 35.29% 75.56% 60.19% 63.97%
FCF Conversion (Net income) 81.91% 91.9% 109.9% 34.5% 48.89% 105.27% 82.61% 86.62%
Dividend per Share 2 28.00 28.00 40.00 45.00 60.00 45.00 71.66 80.82
Announcement Date 5/2/19 5/19/20 5/4/21 4/19/22 4/27/23 4/24/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 31,528 32,694 34,625 37,670 41,376 43,016 45,228 48,367 86,200 86,910 87,021 88,734 90,513 89,641 90,513
EBITDA 1 7,320 7,155 6,478 7,332 8,311 8,464 8,308 9,117 13,748 16,037 16,355 15,693 16,315 15,545 15,959
EBIT 1 6,502 6,329 5,682 6,482 7,426 7,445 7,243 7,809 11,967 14,214 14,508 13,821 14,250 13,602 13,882
Operating Margin 20.62% 19.36% 16.41% 17.21% 17.95% 17.31% 16.01% 16.15% 13.88% 16.35% 16.67% 15.58% 15.74% 15.17% 15.34%
Earnings before Tax (EBT) 1 6,994 7,168 6,721 7,420 8,237 8,596 8,510 9,013 13,106 14,442 15,364 15,055 15,309 15,083 14,483
Net income 1 5,187 5,452 4,963 5,515 6,120 6,375 6,335 6,793 10,005 11,137 11,515 11,218 11,628 11,348 11,484
Net margin 16.45% 16.68% 14.33% 14.64% 14.79% 14.82% 14.01% 14.04% 11.61% 12.81% 13.23% 12.64% 12.85% 12.66% 12.69%
EPS 2 29.53 31.04 28.27 31.41 34.87 36.27 36.08 38.70 33.78 37.57 38.85 38.63 39.46 38.26 39.21
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/19/21 5/4/21 7/15/21 10/18/21 1/19/22 4/19/22 7/14/22 10/15/22 1/20/23 4/27/23 7/17/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 3,214 19,932 6,735 30,784 55,395 47,348 76,056 102,847
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 12,417 13,970 21,277 7,930 21,553 48,263 41,806 51,561
ROE (net income / shareholders' equity) 34.6% 29.5% 30.5% 28.5% 28.6% 25% 23.5% 24%
ROA (Net income/ Total Assets) 25.2% 19.6% 19.8% 19.8% 20% 18% 17.4% 18%
Assets 1 60,095 77,471 97,670 115,892 220,393 255,296 291,286 330,221
Book Value Per Share 2 281.0 311.0 417.0 504.0 561.0 677.0 767.0 883.0
Cash Flow per Share 2 79.50 93.60 137.0 94.40 105.0 192.0 186.0 218.0
Capex 1 1,531 2,465 2,719 8,590 9,393 8,432 9,765 10,548
Capex / Sales 1.62% 2.27% 2.2% 5.48% 2.83% 2.37% 2.59% 2.5%
Announcement Date 5/2/19 5/19/20 5/4/21 4/19/22 4/27/23 4/24/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
37
Last Close Price
4,788 INR
Average target price
5,035 INR
Spread / Average Target
+5.17%
Consensus
  1. Stock Market
  2. Equities
  3. LTIM Stock
  4. Financials LTIMindtree Limited