In an era defined by technological advancement and digital transformation, Larsen & Toubro Infotech Ltd (LTI) stands as a stalwart in the realm of IT services. With a comprehensive suite of offerings including application development, maintenance, enterprise solutions, and digital innovations, LTI caters to a diverse array of clients across industries. Its portfolio spans from infrastructure management to platform-based solutions, ensuring that clients receive tailored services to meet their evolving needs.
The IT services industry, both in India and globally, plays a pivotal role in driving innovation, enhancing operational efficiency, and fostering business growth. As organizations increasingly rely on technology to stay competitive in today’s fast-paced environment, the demand for cutting-edge IT solutions continues to surge.
Amidst this landscape, LTI’s trajectory is marked by its unwavering commitment to excellence and innovation. As we delve deeper into its narrative, we explore the intricate dynamics of the market, the company’s exceptional performance, and the broader economic currents shaping its trajectory. With such momentum, the question arises: will LTI achieve its ambitious price target of 10k?
About LTIMindtree
Larsen & Toubro Infotech Ltd (LTI) offers a diverse array of IT services, ranging from application development and maintenance to enterprise solutions and infrastructure management. Recently, LTI made headlines with its merger proposal with Mindtree Ltd, signaling a strategic move to enhance its offerings.
With a revenue breakdown showcasing significant contributions from various verticals like Banking, Finance Services & Insurance, Manufacturing & Resources, and Hi-Tech, Media & Entertainment, LTI demonstrates its versatility in catering to diverse industry needs. Geographically, it boasts a strong presence across North America, Europe, and other regions.
In terms of services, LTI’s focus areas include ADM & Testing, Enterprise Solutions, Cloud Infra & Security, and Analytics, AI & Cognitive, reflecting its commitment to cutting-edge technologies. The company’s global footprint spans over 30 countries and its clientele includes over 700 clients, with strategic acquisitions and alliances strengthening its market position.
Moreover, with a robust employee base of approximately 83,000 globally and recent expansions like the branch office in South Korea, LTI is poised for continued growth and innovation in the ever-evolving IT landscape.
LTIMindtree Q3 Fy2024 Key Points And Summary:
- Q3 FY24 witnessed a 0.6% Q-o-Q increase in revenue, reaching INR 1,083.7 million.
- EBIT margin remained stable at 15.4% despite a slight decrease in Q-o-Q margin.
- The company reported a PAT margin of 13.0% in Q3 FY24, showing consistent performance.
- Revenue in USD million showed a Y-o-Y growth of 3.5% from Q3 FY23 to Q3 FY24.
- Q2 FY24 saw a notable increase in revenue to INR 1,075.5 million compared to Q3 FY23.
- EBIT margin experienced a modest growth from 13.1% in Q2 FY24 to 13.0% in Q3 FY24.
- PAT margin improved marginally from 13.1% in Q2 FY24 to 13.0% in Q3 FY24.
- Despite fluctuations, the company demonstrated resilience in maintaining profitability and revenue growth.
LTIMindtree Share Price Target 2024 To 2030
LTIMindtree Share Price Target 2024
| Month | Maximum Price | Minimum Price |
|---|---|---|
| April | ₹5,863.62 | ₹5,098.80 |
| May | ₹5,776.97 | ₹5,023.45 |
| June | ₹5,984.94 | ₹5,204.30 |
| July | ₹5,925.09 | ₹5,152.25 |
| August | ₹6,162.09 | ₹5,358.34 |
| September | ₹6,408.58 | ₹5,572.68 |
| October | ₹6,282.92 | ₹5,463.41 |
| November | ₹6,471.41 | ₹5,627.31 |
| December | ₹6,633.19 | ₹5,767.99 |
In 2024, Mindtree is anticipated to experience fluctuations in its share prices. The expected price will only rise as the year progresses. Analysis of projected data highlights that the company’s shares are poised for growth. By December 2024, Mindtree’s shares are expected to reach a maximum price of ₹6,633.19 and a minimum price of ₹5,767.99. Throughout the year, investors can anticipate a steady upward trajectory in share prices, with occasional fluctuations. These expected prices will reflect the company’s performance and market dynamics, providing investors with insights into potential returns on investment in Mindtree.
LTIMindtree Share Price Target 2025
| when | Maximum Price | Minimum Price |
| January 2025 | ₹6,765.86 | ₹5,204.50 |
| February 2025 | ₹6,939.34 | ₹5,337.95 |
| March 2025 | ₹7,209.97 | ₹5,546.13 |
| April 2025 | ₹7,068.60 | ₹5,437.39 |
| May 2025 | ₹6,862.72 | ₹5,279.02 |
| June 2025 | ₹7,171.54 | ₹5,516.57 |
| July 2025 | ₹7,030.92 | ₹5,408.40 |
| August 2025 | ₹7,248.38 | ₹5,575.67 |
| September 2025 | ₹7,502.07 | ₹5,770.82 |
| October 2025 | ₹7,697.12 | ₹5,920.86 |
| November 2025 | ₹7,889.55 | ₹6,068.88 |
| December 2025 | ₹8,086.79 | ₹6,220.61 |
In 2025, the expected price for LTIMindtree shares will see significant fluctuations, with the maximum price reaching ₹8,086.79 in December and the minimum at ₹5,204.50 in January. These projections indicate a bullish trend, with steady growth anticipated throughout the year. Investors can expect the stock to reach new highs, with prices likely to surpass previous records. However, occasional dips are also expected, offering buying opportunities for astute investors. Overall, the expected price will reflect the company’s performance and market sentiment, presenting both risks and opportunities for shareholders.
LTIMindtree Share Price Target 2026 To 2030
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2026 | ₹8,491.13 | ₹5,943.79 |
| 2027 | ₹9,340.24 | ₹6,538.17 |
| 2028 | ₹13,076.34 | ₹6,538.17 |
| 2029 | ₹11,321.50 | ₹5,660.75 |
| 2030 | ₹14,717.96 | ₹10,302.57 |
In the coming years, the expected price of LTIMindtree shares is anticipated to show a consistent upward trend. By 2026, the maximum price is expected to reach ₹8,491.13, while the minimum price is projected to be ₹5,943.79. Subsequently, in 2027, the maximum price is forecasted to rise to ₹9,340.24, with a minimum of ₹6,538.17. The trend continues with even more significant gains, as by 2028, the maximum price is expected to surge to ₹13,076.34, maintaining a minimum price of ₹6,538.17. By 2029 and 2030, the expected maximum prices are ₹11,321.50 and ₹14,717.96, respectively, with corresponding minimum prices.
LTIMindtree’s Financial Condition (Last 5 Years)
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
| Sales + | 9,446 | 10,879 | 12,370 | 26,109 | 33,183 | 35,315 |
| Expenses + | 7,562 | 8,849 | 9,645 | 20,860 | 27,075 | 28,860 |
| Operating Profit | 1,883 | 2,029 | 2,725 | 5,249 | 6,108 | 6,455 |
| OPM % | 20% | 19% | 22% | 20% | 18% | 18% |
| Other Income + | 302 | 329 | 274 | 766 | 557 | 561 |
| Interest | 11 | 83 | 79 | 123 | 150 | 197 |
| Depreciation | 147 | 273 | 332 | 597 | 723 | 774 |
| Profit before tax | 2,028 | 2,003 | 2,588 | 5,294 | 5,792 | 6,045 |
| Tax % | 25% | 24% | 25% | 25% | 24% | |
| Net Profit + | 1,516 | 1,520 | 1,938 | 3,950 | 4,410 | 4,598 |
| EPS in Rs | 87 | 87 | 111 | 225 | 149 | 155 |
| Dividend Payout % | 32% | 32% | 36% | 41% | 40% |
Over the last five years, LTIMindtree has showcased a steady growth trajectory in its financial performance, marked by significant increases in sales, operating profit, and net profit. From March 2019 to March 2023, the company’s sales surged from ₹9,446 million to ₹33,183 million, indicating robust revenue growth. Correspondingly, operating profit saw a substantial rise from ₹1,883 million to ₹6,108 million during the same period, with operating profit margins consistently hovering around 18-22%.
Other income, which includes non-operating revenue sources, also witnessed a notable uptrend, especially from March 2021 onwards, reaching ₹557 million in the trailing twelve months (TTM). However, interest expenses and depreciation costs escalated as well, reflecting the company’s expansion and investment activities to support its growth initiatives.
Profit before tax demonstrated a remarkable surge from ₹2,028 million in March 2019 to ₹5,792 million in March 2023, indicating a robust operational performance and efficient cost management strategies. Despite a slight decrease in tax percentage, the net profit escalated substantially from ₹1,516 million to ₹4,410 million during the same period.
Earnings per share (EPS) also exhibited a positive trend, reflecting the company’s ability to generate higher profits per share for its shareholders. From ₹87 in March 2019, EPS reached ₹149 in March 2023, demonstrating consistent growth in shareholder value. Moreover, the dividend payout percentage increased gradually from 32% in March 2019 to 40% in the TTM period, indicating the management’s confidence in the company’s financial health and its commitment to rewarding shareholders.
Overall, LTIMindtree’s financial performance over the last five years reflects a resilient and robust growth trajectory, characterized by significant improvements in sales, profitability, and shareholder returns. The company’s strategic initiatives, efficient cost management, and focus on innovation have positioned it well for sustained growth and value creation in the future.
FAQS
What was the closing price of LTIMindtree Ltd on February 29th?
The closing price of LTIMindtree Ltd on February 29th was ₹5,301.
What is the market capitalization of LTIMindtree Ltd based on the latest available data?
The market capitalization of LTIMindtree Ltd is ₹1,56,992 Cr.
What is the current price of LTIMindtree Ltd’s stock?
The current price of LTIMindtree Ltd’s stock is ₹5,301.
What are the highest and lowest prices that LTIMindtree Ltd’s stock has reached recently?
The highest price reached by LTIMindtree Ltd’s stock recently was ₹6,443, and the lowest was ₹4,130.What is the price-to-earnings (P/E) ratio of LTIMindtree Ltd’s stock?
The price-to-earnings (P/E) ratio of LTIMindtree Ltd’s stock is 34.2.
What is the dividend yield percentage offered by LTIMindtree Ltd’s stock?
The dividend yield percentage offered by LTIMindtree Ltd’s stock is 1.13%.
What are the return on capital employed (ROCE) and return on equity (ROE) percentages for LTIMindtree Ltd?
The return on capital employed (ROCE) for LTIMindtree Ltd is 37.7%, and the return on equity (ROE) is 28.6%.
Should one invest in LTIMindtree?
Investing in Larsen & Toubro Infotech Ltd (LTIMindtree) warrants a thorough analysis of its financial performance and market positioning. With a significant market capitalization of ₹1,56,992 Cr and a current stock price of ₹5,301, the company exhibits stability in the market. Despite fluctuations seen in its high and low prices, with highs reaching ₹6,443 and lows at ₹4,130, the stock maintains a relatively high Price-to-Earnings (P/E) ratio of 34.2, reflecting its valuation.
LTIMindtree has demonstrated consistent sales growth and a commendable profit growth rate of 31.7% CAGR over the last 5 years, indicating a robust business model. Moreover, the company boasts a healthy return on equity (ROE) of 28.6%, offering potential returns to shareholders. However, investors should be mindful of the stock’s trading value, which is at 8.68 times its book value, and the slight decrease in promoter holding over the last 3 years.
Despite these considerations, LTIMindtree’s positive performance outlook, along with its strong position in the IT software industry, makes it an attractive investment option for those seeking exposure to this sector. Nevertheless, investors are advised to conduct comprehensive research, considering their risk tolerance and investment objectives, before making any investment decisions.
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