Larsen & Toubro Infotech Ltd (LTI) is a leading global IT services provider that offers a comprehensive range of technological solutions to clients across various industries. With a strong focus on application development, maintenance, and outsourcing, LTI leverages its expertise to provide enterprise solutions, infrastructure management services, testing, digital innovations, and platform-based solutions. As a subsidiary of the renowned Larsen & Toubro conglomerate, LTI benefits from a wealth of experience and resources. Based in Mumbai, India, the company, with over 82,000 employees, has established itself as a key player in the Big Tech sector, consistently delivering cutting-edge IT services to clients worldwide.
In this article, we will delve into everything you need to know about Larsen & Toubro Infotech Ltd (LTI), from its history and services to its role as a subsidiary of Larsen & Toubro, and its significant impact in the IT industry.
About LTIMindtree
Larsen & Toubro Infotech (LTI) has seen significant changes since its establishment in December 1996 as L&T Information Technology, initially a subsidiary of Larsen & Toubro. It achieved the Software Engineering Institute’s Maturity Level 5 and went public via an IPO in July 2016. In May 2017, the company rebranded itself as ‘LTI,’ with the tagline ‘Let’s Solve.’
Notably, LTI completed a remarkable hostile takeover of Mindtree, a prominent IT company, in June 2019. Subsequently, in May 2022, Mindtree merged into LTI, forming LTIMindtree, making it India’s fifth-largest IT services provider by market capitalization. This merger brought together diverse industry expertise, with LTI specializing in BFSI and oil and gas and Mindtree focusing on technology, media, telecommunications, travel, and hospitality. The integration was completed in November 2022, with LTI holding a 68.73% stake in the merged entity. The company now has a strong presence in various regions across the world, serving a wide range of industries.
LTIMindtree Q3 FY24 Results Highlights
- Record Order Inflow: Highest order inflow recorded at $1.5 billion, showcasing strong demand for LTIMindtree’s services.
- Profit Growth: Consolidated net profit surged by 17% YoY to ₹1,169 crore, indicating robust financial performance.
- Steady Revenue Increase: Revenue from operations grew by 5% YoY, reaching ₹9,016 crore, driven by strong performance across key segments.
- Sequential Stability: Sequentially, net profit remained stable, with a marginal increase of 0.6% compared to the preceding quarter.
- Nine-Month Performance: For the nine months ended December 31, 2023, net profit rose by 5.7% to ₹3,484 crore, underlining sustained growth momentum.
Below are the trading platforms that you can use to purchase LTIMindtree shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2024 | 5,902.20 | 5,132.35 |
| March 2024 | 6,022.65 | 5,237.09 |
| April 2024 | 5,847.24 | 5,084.55 |
| May 2024 | 5,760.82 | 5,009.41 |
| June 2024 | 5,968.21 | 5,189.75 |
| July 2024 | 5,908.53 | 5,137.85 |
| August 2024 | 6,144.87 | 5,343.37 |
| September 2024 | 6,390.67 | 5,557.10 |
| October 2024 | 6,265.36 | 5,448.14 |
| November 2024 | 6,453.32 | 5,611.58 |
| December 2024 | 6,614.65 | 5,751.87 |
In 2024, LTIMindtree’s share price targets show a fluctuating trend, with prices ranging from ₹5,009.41 in May to ₹6,614.65 in December. The market cap stands at ₹1,61,850 Cr., with a current price of ₹5,465 (as of 27th Feb 2024).
The stock’s high/low for the period is ₹6,443/₹4,130, with a P/E ratio of 35.2 and a book value of ₹610.
| When | Maximum Price | Minimum Price |
| January 2025 | 6,746.95 | 5,189.96 |
| February 2025 | 6,919.95 | 5,323.04 |
| March 2025 | 7,189.82 | 5,530.63 |
| April 2025 | 7,048.85 | 5,422.19 |
| May 2025 | 6,843.54 | 5,264.26 |
| June 2025 | 7,151.50 | 5,501.15 |
| July 2025 | 7,011.27 | 5,393.29 |
| August 2025 | 7,228.12 | 5,560.09 |
| September 2025 | 7,481.10 | 5,754.69 |
| October 2025 | 7,675.61 | 5,904.32 |
| November 2025 | 7,867.50 | 6,051.92 |
| December 2025 | 8,064.19 | 6,203.22 |
In 2025, LTIMindtree’s share price targets indicate a consistent upward trend, with prices projected to range from ₹5,189.96 in January to ₹8,064.19 in December, reflecting optimistic market sentiment and potential growth prospects for the company
| When | Maximum Price | Minimum Price |
| January 2026 | 8,306.11 | 6,389.32 |
| February 2026 | 8,519.09 | 6,553.15 |
| March 2026 | 8,851.34 | 6,808.72 |
| April 2026 | 8,677.78 | 6,675.22 |
| May 2026 | 8,425.03 | 6,480.79 |
| June 2026 | 8,804.16 | 6,772.43 |
| July 2026 | 8,631.53 | 6,639.63 |
| August 2026 | 8,898.48 | 6,844.98 |
| September 2026 | 9,209.93 | 7,084.56 |
| October 2026 | 9,449.38 | 7,268.76 |
| November 2026 | 9,685.62 | 7,450.48 |
| December 2026 | 9,927.76 | 7,636.74 |
In 2026, LTIMindtree’s share price targets continue to display an upward trajectory, with projections ranging from ₹6,389.32 in January to ₹9,927.76 in December.
| When | Maximum Price | Minimum Price |
| January 2027 | 10,126.31 | 7,789.47 |
| February 2027 | 10,385.96 | 7,989.20 |
| March 2027 | 10,791.02 | 8,300.78 |
| April 2027 | 10,579.43 | 8,138.02 |
| May 2027 | 10,271.29 | 7,900.99 |
| June 2027 | 10,733.50 | 8,256.54 |
| July 2027 | 10,523.04 | 8,094.64 |
| August 2027 | 10,848.49 | 8,344.99 |
| September 2027 | 11,228.19 | 8,637.07 |
| October 2027 | 11,520.12 | 8,861.63 |
| November 2027 | 11,808.12 | 9,083.17 |
| December 2027 | 12,103.33 | 9,310.25 |
| When | Maximum Price | Minimum Price |
| January 2028 | 12,345.39 | 9,496.46 |
| February 2028 | 12,661.94 | 9,739.96 |
| March 2028 | 13,155.76 | 10,119.81 |
| April 2028 | 12,897.80 | 9,921.39 |
| May 2028 | 12,522.14 | 9,632.41 |
| June 2028 | 13,085.63 | 10,065.87 |
| July 2028 | 12,829.05 | 9,868.50 |
| August 2028 | 13,225.83 | 10,173.71 |
| September 2028 | 13,688.73 | 10,529.79 |
| October 2028 | 14,044.64 | 10,803.57 |
| November 2028 | 14,395.75 | 11,073.66 |
| December 2028 | 14,755.65 | 11,350.50 |
| When | Maximum Price | Minimum Price |
| January 2029 | 15,050.76 | 11,577.51 |
| February 2029 | 15,436.68 | 11,874.37 |
| March 2029 | 16,038.71 | 12,337.47 |
| April 2029 | 15,724.22 | 12,095.56 |
| May 2029 | 15,266.24 | 11,743.26 |
| June 2029 | 15,953.22 | 12,271.71 |
| July 2029 | 15,640.41 | 12,031.08 |
| August 2029 | 16,124.13 | 12,403.18 |
| September 2029 | 16,688.48 | 12,837.29 |
| October 2029 | 17,122.38 | 13,171.06 |
| November 2029 | 17,550.44 | 13,500.34 |
| December 2029 | 17,989.20 | 13,837.85 |
| When | Maximum Price | Minimum Price |
| January 2030 | 18,348.98 | 14,114.60 |
| February 2030 | 18,819.47 | 14,476.52 |
| March 2030 | 19,553.43 | 15,041.10 |
| April 2030 | 19,170.03 | 14,746.18 |
| May 2030 | 18,611.68 | 14,316.68 |
| June 2030 | 19,449.20 | 14,960.93 |
| July 2030 | 19,067.85 | 14,667.57 |
| August 2030 | 19,657.57 | 15,121.21 |
| September 2030 | 20,345.59 | 15,650.45 |
| October 2030 | 20,874.58 | 16,057.37 |
| November 2030 | 21,396.44 | 16,458.80 |
| December 2030 | 21,931.35 | 16,870.27 |
Financial Condition Of LTIMindtree: Last 5 years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 9,446 | 10,879 | 12,370 | 26,109 | 33,183 |
| Expenses (Rs. Crores) | 7,562 | 8,849 | 9,645 | 20,860 | 27,075 |
| Operating Profit (Rs. Crores) | 1,883 | 2,029 | 2,725 | 5,249 | 6,108 |
| Other Income (Rs. Crores) | 302 | 329 | 274 | 766 | 557 |
| Interest (Rs. Crores) | 11 | 83 | 79 | 123 | 150 |
| Depreciation (Rs. Crores) | 147 | 273 | 332 | 597 | 723 |
| Profit before Tax (Rs. Crores) | 2,028 | 2,003 | 2,588 | 5,294 | 5,792 |
| Net Profit (Rs. Crores) | 1,516 | 1,520 | 1,938 | 3,950 | 4,410 |
| Earnings Per Share (EPS) (Rs.) | 87.37 | 87.30 | 110.79 | 225.27 | 149.02 |
Larsen & Toubro Infotech (LTIMindtree) has witnessed substantial financial growth over the past five years, reflecting its robust performance in the IT services sector. Starting in 2019, the company’s sales stood at Rs. 9,446 crores, which grew consistently year after year, reaching an impressive Rs. 33,183 crores in 2023. This substantial increase is mirrored in its operating profit, which escalated from Rs. 1,883 crores in 2019 to Rs. 6,108 crores in 2023.
Despite the growth in expenses, LTIMindtree maintained a healthy operating profit, showcasing its ability to manage costs efficiently. Other income and interest remained relatively stable during this period, while depreciation increased as the company expanded its operations. Profit before tax surged from Rs. 2,028 crores in 2019 to Rs. 5,792 crores in 2023, highlighting consistent profitability.
The net profit demonstrated remarkable growth, more than doubling from Rs. 1,516 crores in 2019 to Rs. 4,410 crores in 2023. Earnings per share (EPS) also rose significantly, underlining the company’s commitment to delivering value to its shareholders. LTIMindtree’s impressive financial performance in these past five years reflects its strength in the IT industry and its ability to adapt to evolving market dynamics while sustaining profitability.
YES Securities on LTIMindtree Share Price Target
YES Securities issued a bullish recommendation on LTIMindtree, advising a buy rating on the stock with a target price of Rs 7585 in their research report dated January 18, 2024.
BNP Paribas on LTIMindtree Share Price Target
BNP Paribas suggests purchasing LTIMindtree with a target price set at Rs 6700.
FAQs
What is the current market capitalization of LTIMindtree?
The current market capitalization is ₹1,61,850 Crores.
What is the current stock price of LTIMindtree?
The present stock price of LTIMindtree stands at ₹5,465.
What is the dividend yield of LTIMindtree?
LTIMindtree offers a dividend yield of 1.10%.
What is the earnings per share (EPS) of LTIMindtree?
The earnings per share (EPS) for LTIMindtree is ₹149.02.
What are the pros of investing in LTIMindtree?
The company is expected to have a good quarter, and it has shown substantial profit growth and ROE. It maintains a healthy dividend payout.
What is the dividend payout percentage for LTIMindtree?
The dividend payout percentage for LTIMindtree ranged from 29% to 72% over the past few years, with fluctuations in dividend policy.
What was the company’s sales growth from 2019 to 2023?
LTIMindtree’s sales grew impressively, from Rs. 9,446 crores in 2019 to Rs. 33,183 crores in 2023.
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Conclusion: Promising Prospects and Key Considerations for LTIMindtree
In conclusion, LTIMindtree has shown significant growth and resilience in recent years, both in terms of its financial performance and shareholder value. The company has reported robust profit growth, a healthy dividend payout, and consistent quarter-on-quarter improvements. Its merger with Mindtree signifies a strategic move in the competitive IT services industry.
However, there are factors like a high stock price-to-book value and a slight decrease in promoter holding that investors should consider. LTIMindtree is poised for a promising future, and with its positive performance metrics, it remains an interesting player in the IT sector. As with any investment, due diligence and a thorough understanding of the company’s financials and market conditions are essential for prospective investors.
What did we learn?
- 1 About LTIMindtree
- 2 LTIMindtree Q3 FY24 Results Highlights
- 3 How to purchase LTIMindtree Shares?
- 4 LTIMindtree Share Price Target: 2024 To 2030
- 5 Financial Condition Of LTIMindtree: Last 5 years
- 6 LTIMindtree Share Price Target by Experts
- 7 FAQs
- 8 Conclusion: Promising Prospects and Key Considerations for LTIMindtree
