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LTM Ltd

LTM NSE

Key Fundamentals

LargecapComputer Software & ConsultingInformation Technology
Market Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
25.86
EBITDA
₹8,650 Cr
Return on Equity
20.67%
Debt to Equity
0.1
Book Value
₹809.96
EPS
₹154.11
52W High
₹6,429.5
52W Low
₹3,528

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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60 extracted metrics + investor summaries across FY15–FY27.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.1%
  • Company has been maintaining a healthy dividend payout of 42.7%
  • Company's working capital requirements have reduced from 33.8 days to 26.4 days

Growth Rate

Revenue Growth
11.29%
Net Income Growth
8.27%
Cash Flow Change
5.57%
ROE
2.02%
ROCE
-2.09%
EBITDA Margin (Avg.)
3.86%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

LTIMindtree (LTM) is a mid-large-cap IT services company with a market cap of ~₹1.41 lakh crore, trading at a P/E of 27.2x. The company delivered FY25 revenue of $4.5 billion (7% YoY growth in INR terms) with EBIT margins of 14.5%, while maintaining a 3-year ROE of 23% and a dividend payout of 42.7%.

Bull Case 8
  • Consistent ROE track record of 23% over 3 years and 26% over 5 years, indicating strong capital efficiency
  • FY26 order inflow of $6.6 billion, up 10.3% YoY, with six consecutive quarters above $1.5 billion providing revenue visibility
  • Healthy dividend payout ratio of 42.7% with a current dividend yield of 1.57%, attractive for an IT stock
  • FY26 EBIT margin recovered to 15.4%, expanding 90 bps YoY from the FY25 trough of 14.5%
  • Working capital days improved from 33.8 to 26.4 days, reflecting better cash conversion efficiency
  • TTM sales growth of 14% and profit growth of 19% show acceleration from the 3-year CAGR of 8% and 7% respectively
  • Record deal win of $1.68 billion in Q3FY25 with book-to-bill ratio of ~1.5x, supported by large deals and AI-leveraged engagements
  • Parent Larsen & Toubro holds 68.73% stake, providing strong promoter backing and cross-selling opportunities across L&T's industrial client base
Bear Case 8
  • EBIT margin declined 120 bps from 15.7% in FY24 to 14.5% in FY25, indicating margin pressure from investments and wage inflation
  • Stock price CAGR negative at -8% over 1 year and -3% over 3 years, significantly underperforming the 10-year CAGR of 21%
  • P/E of 27.2x and P/B of 5.89x imply rich valuations relative to the recent single-digit profit growth of 7% CAGR over 3 years
  • FY25 USD revenue growth of only 4.8% YoY lags larger peers, reflecting slower organic momentum in a tough macro environment
  • 5-year stock CAGR of -1% indicates the market has not rewarded the LTI-Mindtree merger with sustained re-rating
  • Compounded sales growth decelerated from 28% (5-year) to 8% (3-year), showing a clear slowdown in the growth trajectory post-merger
  • 52-week high and low data unavailable, but the negative recent stock returns suggest the stock has faced sustained selling pressure
  • IT sector faces structural headwinds from GenAI-driven productivity gains that could reduce outsourcing demand over the medium term

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Positives 2
  • 70% Scope 1 emissions drop Aug 14

    FY26 Sustainability Report shows 70% reduction in Scope 1 emissions intensity and 72% renewable energy usage. Company commits to Science Based Targets initiative (SBTi).

  • Strong ESG score of 76 Aug 11

    NSE Sustainability Ratings & Analytics assigned LTM an ESG rating score of 76, disclosed under SEBI LODR Regulation 30 on August 11, 2026.

Neutral 3
  • Chainguard partnership for supply chain security Aug 6

    LTM partnered with Chainguard to secure open-source software supply chains via its BlueVerse RightLogic platform, targeting AI-enabled development risks.

  • Glean partnership for enterprise AI Jul 20

    LTM partnered with Glean to accelerate enterprise AI adoption by unifying fragmented knowledge across applications, focusing on regulated industries.

  • Investor meetings in Singapore and Mumbai Aug 12

    LTM scheduled institutional investor meetings in Singapore (Aug 19-21) and Mumbai (Aug 12, 13, 18), including Axis Capital's India Corporate Day and major conferences.

TL;DR: LTM is demonstrating strong ESG credentials with a 76 NSE sustainability score and significant emissions reduction, which strengthens its positioning for ESG-conscious institutional investors. On the growth front, strategic partnerships with Chainguard and Glean signal continued investment in AI and cybersecurity capabilities. No material headwinds emerged in the recent news cycle. The trend is stable with a positive tilt toward sustainability differentiation and AI-driven service expansion.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
8,702
8,905
9,017
8,893
9,143
9,433
9,661
9,772
9,841
10,394
10,781
11,292
11,608
Expenses
7,067
7,274
7,432
7,357
7,536
7,734
8,068
8,176
8,191
8,464
8,778
9,319
9,547
Operating Profit
1,636
1,631
1,585
1,536
1,606
1,699
1,593
1,596
1,649
1,930
2,003
1,973
2,061
OPM %
19%
18%
18%
17%
18%
18%
16%
16%
17%
19%
19%
17%
18%
Other Income
132
143
220
208
227
299
212
251
392
300
-363
237
255
Interest
46
47
61
68
72
70
69
67
72
69
69
65
76
Depreciation
185
208
199
227
235
241
264
251
243
282
266
264
261
PBT
1,536
1,519
1,545
1,448
1,526
1,687
1,472
1,529
1,726
1,879
1,305
1,881
1,978
Tax %
25%
24%
24%
24%
26%
26%
26%
26%
27%
26%
26%
26%
26%
Net Profit
1,152
1,162
1,169
1,101
1,135
1,252
1,087
1,129
1,255
1,381
960
1,387
1,469
EPS in Rs
38.92
39.26
39.49
37.14
38.28
42.24
36.63
38.09
42.32
47.27
32.74
46.96
49.43
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,978
5,846
6,501
7,306
9,446
10,879
12,370
26,109
33,183
35,517
38,008
42,308
44,075
Expenses
3,973
4,819
5,271
6,119
7,562
8,849
9,645
20,860
27,075
29,130
31,513
34,752
36,109
Operating Profit
1,005
1,028
1,230
1,187
1,883
2,029
2,725
5,249
6,108
6,387
6,495
7,555
7,966
OPM %
20%
18%
19%
16%
20%
19%
22%
20%
18%
18%
17%
18%
18%
Other Income
99
187
187
426
302
329
274
766
557
702
990
566
430
Interest
10
6
3
16
11
83
79
123
150
222
279
276
280
Depreciation
158
174
178
156
147
273
332
597
723
819
992
1,054
1,072
PBT
936
1,035
1,236
1,442
2,028
2,003
2,588
5,294
5,792
6,049
6,214
6,791
7,043
Tax %
18%
19%
21%
23%
25%
24%
25%
25%
24%
24%
26%
27%
Net Profit
769
836
971
1,112
1,516
1,520
1,938
3,950
4,410
4,585
4,602
4,983
5,197
EPS in Rs
238
49.25
56.91
64.65
87.37
87.3
111
225
149
155
155
169
176
Div. Payout %
63%
72%
29%
33%
32%
32%
36%
41%
40%
42%
42%
44%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
17
17
17
17
17
18
30
30
30
30
30
Reserves
2,010
2,108
3,127
3,843
4,876
5,387
7,286
14,258
16,562
19,988
22,669
23,995
Borrowings
218
55
0
0
0
912
798
258
354
2,071
2,187
2,310
Other Liabilities
734
958
1,273
1,477
1,770
2,499
2,604
6,027
6,535
5,456
5,712
10,814
Total Liabilities
2,978
3,137
4,417
5,337
6,664
8,815
10,706
20,572
23,481
27,544
30,598
37,148
Fixed Assets
683
638
542
681
930
1,920
1,906
3,473
3,679
4,981
5,285
5,626
CWIP
25
20
1
7
12
59
66
503
902
551
681
922
Investments
104
43
941
1,264
1,740
2,219
3,730
6,048
5,458
8,744
9,845
12,568
Other Assets
2,166
2,437
2,934
3,385
3,982
4,617
5,004
10,548
13,442
13,269
14,787
18,033
Total Assets
2,978
3,137
4,417
5,337
6,664
8,815
10,706
20,572
23,481
27,544
30,598
37,148
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
642
858
1,170
844
1,395
1,644
2,400
3,251
3,095
5,670
4,546
4,799
Investing
-103
-40
-961
-452
-749
-643
-1,657
-1,643
-271
-3,918
-1,729
-1,604
Financing
-497
-817
-33
-408
-594
-890
-509
-1,680
-1,932
-2,269
-2,574
-2,926
Net Cash Flow
42
2
176
-16
52
110
234
-73
892
-518
242
269
Free Cash Flow
448
744
1,101
746
1,242
1,401
2,133
2,198
2,160
4,836
3,612
3,890
CFO/OP
91
109
115
101
99
101
112
88
76
113
95
88
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
80
73
66
70
71
78
61
64
62
59
56
64
Cash Conversion Cycle
80
73
66
70
71
78
61
64
62
59
56
64
Working Capital Days
58
49
43
60
53
42
33
37
44
36
39
26
ROCE %
48%
47%
46%
42%
47%
37%
37%
48%
38%
32%
28%
30%

Shareholding Pattern

As of Jun 2026
Promoters 68.49%
DIIs 16.83%
FIIs 6.31%
Public 5.82%
Others 2.55%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Nov 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
74.27%
74.25%
74.09%
74.07%
74.05%
74.03%
74.00%
68.69%
68.68%
68.68%
68.66%
68.66%
68.64%
68.60%
68.60%
68.60%
68.57%
68.57%
68.56%
68.54%
68.53%
68.52%
68.49%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8.11%
0.00%
7.86%
7.28%
7.39%
7.45%
6.99%
6.62%
6.40%
6.51%
6.63%
6.31%
DIIs
3.82%
4.36%
4.33%
5.12%
7.14%
7.86%
7.79%
10.07%
10.48%
11.67%
12.41%
12.96%
12.17%
13.58%
14.22%
14.89%
14.98%
15.61%
16.20%
16.68%
16.91%
17.01%
16.83%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
6.04%
6.16%
6.09%
6.20%
6.61%
7.48%
0.00%
8.74%
8.43%
8.13%
7.77%
7.48%
7.09%
7.23%
7.19%
6.57%
6.42%
6.39%
6.22%
5.98%
5.75%
5.55%
5.82%
Others
15.87%
15.22%
15.49%
14.61%
12.20%
10.58%
18.21%
12.50%
12.41%
11.51%
11.16%
2.79%
12.10%
2.73%
2.69%
2.55%
2.57%
2.43%
2.40%
2.41%
2.31%
2.29%
2.55%
No. of Shareholders
0
1,93,968
2,18,751
2,39,484
2,63,639
3,04,624
3,87,990
4,11,310
5,92,724
6,01,334
5,41,292
5,12,560
4,83,443
5,03,965
5,03,444
4,49,972
4,40,977
4,33,377
4,18,455
4,05,567
3,80,139
3,75,351
3,97,187

Documents

Frequently Asked Questions about LTM Ltd

What does LTM Ltd do?
Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries.[1]
Where is LTM Ltd (LTM) listed?
LTM Ltd is listed on the Indian stock exchanges. It is listed on NSE: LTM and BSE: 540005. You can view its live share price, financials, and ratios on Tapetide.
Which sector does LTM Ltd belong to?
LTM Ltd operates in the Information Technology sector within the Computer Software & Consulting industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of LTM Ltd?
LTM Ltd has a market capitalisation of approximately ₹138848.44 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of LTM Ltd?
The Price-to-Earnings (PE) ratio of LTM Ltd is 25.86. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of LTM Ltd?
Over the past 52 weeks, LTM Ltd has traded between a low of ₹3,528 and a high of ₹6,429.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does LTM Ltd pay dividends?
Yes, LTM Ltd has a dividend yield of 1.60%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of LTM Ltd?
LTM Ltd has a Return on Equity (ROE) of 20.67%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research LTM Ltd on Tapetide?
On Tapetide, you can view LTM Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries.[1]

Website ltm.com
CEO Mr. Venugopal Lambu
Employees 87,958
Listed 2016-07-21
Face Value ₹ 1
Issued Size 29,64,89,245

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