LTIMindtree Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for LTIM, BSE:540005 LTIMindtree Ltd.

LTIMindtree Ltd.

11 Dec 2019

5152.00

0.36%

Encouraging strength in deal pipeline

Buy: LTIMindtree Ltd.

Motilal Oswal

11 December 2019 LTI hinted at ~30% improvement in the customer experience index and a strong increase in employee morale. While continuing with the current strategy, it productisation of services, (iii) people and (iv) capabilities. While productisation of services has been a strategy emphasized by a few larger competitors, we understand that the results so far have been mixed. Large/overall deal pipeline is stronger than a year ago by 20%/42%. New logos now comprise 60%/35% of the large/overall deal pipeline (v/s 32%/19% a year ago). However, the share of new-age deals in the pipeline has moderated to 37% (v/s 43% a year ago). We note that 67%/49% of the large/overall deal pipeline is in the proposal stage. LTI indicated that reskilling of ~50% of workforce was completed over the last strengthening through platforms (e.g. Temenos PFS, Private Eye), (ii) building new (e.g. AI, ML), (iii) modernizing traditional (e.g.

Geojit BNP Paribas increased Hold price target of LTIMindtree Ltd. to 5646.0 on 22 Aug, 2025.

LTIMindtree Ltd.

04 Dec 2019

5152.00

0.36%

Bounce back on the horizon

Buy: LTIMindtree Ltd.

Recommendation Target

Motilal Oswal

In addition, (1) marquee client connects, (2) sales driven by multiple units (e.g. alliances, customer success, large deal teams), (3) strong focus/expertise in a few segments (e.g. CIB and WM in BFSI), (4) optimal scale and (5) a high quality management team remain the key competitive advantages of the company. Over 9MCY19, LTI has witnessed deceleration in growth (~9pp YoY) and drop in utilization (~300bp) due to issues faced at three of its key clients. While client specific issues seem to be largely behind, the key question is whether growth and margins will bounce back in a cautious spending environment. The recent large deal wins hint at growth accelerating over the next 12-18 months. L&T; Infotech It is interesting to note that during the previous cycle of cautious IT spending (Jun16 to Dec17), LTI consistently outperformed growth of Tier-I companies and that too by a wide margin (1-11pp YoY).

Number of FII/FPI investors decreased from 562 to 542 in Jun 2025 qtr

LTIMindtree Ltd.

04 Nov 2019

5152.00

0.36%

Result Update:LTI - Q2FY20 - Result Update

Hold: LTIMindtree Ltd.

Recommendation Target

Axis Direct

L&T; Infotech Ltd. (LTI) reported sturdy results in terms of top line in Q2FY20. LTI posted strong revenue growth of 2.4% on QoQ basis and 11.9% on YoY basis in constant currency (CC) terms for the period of Q2FY20 at Rs.2, 570 crs.

Number of FII/FPI investors decreased from 562 to 542 in Jun 2025 qtr

LTIMindtree Ltd.

22 Oct 2019

5152.00

0.36%

Larsen & Toubro Infotech: Q2FY20 Result Review

Buy: LTIMindtree Ltd.

IDBI Capital

LTI has secured 3 large deals from new clients with a TCV of ~US$100 mn. Driven by ramp-up of these deals and those secured in previous quarters LTI is confident of a double-digit revenue growth in FY20, in-line with our forecast. We maintain our forecast of FY20/21E revenue growth 12.2%/16% YoY in CC and EPS...

LTIMindtree Ltd. is trading below its 50 day SMA of 5205.2

LTIMindtree Ltd.

19 Oct 2019

5152.00

0.36%

L&T; Infotech (2QFY20): Grinding back into the reckoning. Maintain BUY

Buy: LTIMindtree Ltd.

Target

HDFC Securities

LTI's strong pedigree is reflected in its (1) Broad-based vertical presence (and sub-vertical strategy) with marquee accounts, (2) Strong client mining programs and large deal portfolio, and (3) Leading margin/return metrics vs. peers. Client specific challenges (in BFS and Hi-tech) have probably troughed and large deal trajectory is expected to improve growth momentum hereon. Our revenue/EPS CAGR over FY19-22E is ~10/8%. The stock is not inexpensive at 16.9x FY21E, but we believe LTI has the pedigree to command higher valuations as earnings growth becomes more visible. We maintain BUY on L&T; Infotech (LTI) following an in-line rev/margin performance and unchanged est. Large deal wins, deal ramps and reduction in client-specific challenges provide growth visibility (2H acceleration). Our TP of Rs 1,845 is based on 18x Sep-21E EPS.

LTIMindtree Ltd. has an average target of 5649.78 from 9 brokers.

LTIMindtree Ltd.

25 Jul 2019

5152.00

0.36%

Result Update:L & T Infotech

LTIMindtree Ltd.

Axis Direct

L&T; Infotech Ltd (LTI) reported weak results in terms of top line and operating margins in Q1FY20. LTI posted softer growth in revenue of 0.8% on QoQ basis and 11.4%on YoY basis in constant currency (CC) terms for the period of Q1FY20 at $193.9 mn.

Number of FII/FPI investors decreased from 562 to 542 in Jun 2025 qtr

LTIMindtree Ltd.

22 Jul 2019

5152.00

0.36%

Larsen & Toubro Infotech: Q1FY20 Result Review

Buy: LTIMindtree Ltd.

Recommendation Target

IDBI Capital

LTI confirmed that the worst is over as regards the decline in the revenue from the topclient. However, it expect decline in revenue from another top-10 client in the BFS vertical in Q2FY20. Also, there have been ramp-down in couple of deals. This is likely to impact its growth in Q2FY20, however it is still confident of a QoQ growth. We factor slower growth for Q1/Q2FY20 and cut our FY20/21E revenue (in US$) by 2.5%/1.8% and EPS by 6.7%/5.7%. We now forecast FY19-21E revenue (US$)/EPS CAGR of 13.6%/9%. We remain confident of LTI gaining back the high growth momentum in...

Geojit BNP Paribas increased Hold price target of LTIMindtree Ltd. to 5646.0 on 22 Aug, 2025.

LTIMindtree Ltd.

20 Jul 2019

5152.00

0.36%

L&T; Infotech (1QFY20): Navigating near term challenges. Maintain BUY

Buy: LTIMindtree Ltd.

Target

HDFC Securities

Despite the client-specific hiccups, strong pipeline, large deal wins and investments in digital provide growth visibility. LTI's strong pedigree is reflected in its (1) Marquee account base (66 in F-500), (2) Strong client mining (supported by ADEA and Minecraft programs) reflecting in top 11-20 and focus on large deals, (3) Sub-vertical strategy (e.g. insurance), and (5) Leading margin/return metrics vs. peers. Revenue/EPS CAGR over FY19-22E estimated at 11/10%. Key risks include extended period of spend cuts by large accounts and INR appreciation. We maintain BUY on L&T; Infotech (LTI) post a soft (in-line) 1QFY20. Cut estimates by ~4% to factor near-term client-specific challenges, however deal wins provide growth visibility. Our TP of Rs 2,115 is based on 20x Jun-21E EPS.

Number of FII/FPI investors decreased from 562 to 542 in Jun 2025 qtr

LTIMindtree Ltd.

20 Jul 2019

5152.00

0.36%

L&T Infotech (BUY): Client-specific challenges to hamper growth in FY20

Buy: LTIMindtree Ltd.

BOB Capital Markets Ltd.

L&T; Infotech (LTI) reported a sedate Q1FY20 with 1% QoQ CC revenue growth and 16% EBIT margins

LTIMindtree Ltd. has an average target of 5649.78 from 9 brokers.

LTIMindtree Ltd.

19 Jul 2019

5152.00

0.36%

Larsen & Toubro Infotech Ltd

Hold: LTIMindtree Ltd.

Recommendation Target

ICICI Securities Limited

Client specific issues to drag FY20E, growth to recover in FY21E The company in Q1FY20 was impacted by client specific challenges in top account. Vertical wise, the company's BFS growth was impacted by client specific issues while manufacturing and energy & utilities registered a dip in revenues due to absence of pass through revenues. This is also reflected in its top five and top 10 clients, which have declined 2.1% QoQ and 3.5% QoQ, respectively. Going forward, client specific issues are expected to continue in BFS vertical while loss of client in high-tech, media &...

Number of FII/FPI investors decreased from 562 to 542 in Jun 2025 qtr

Is Larsen & Toubro Infotech Ltd. worth buying?

665 Votes:

Buy 77.59%

Sell 12.93%

Hold 9.47%

RESEARCH REPORTS

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