Want to see IN:LTIM full AI Analyst Report?
Top Page
LTIMindtree Limited
(LTIM)
Select Model
Select Model
Rating:73Outperform
Price Target:
₹4,739.00
▲(5.78% Upside)
Action:Reiterated
Date:10/16/26
The score is driven primarily by strong financial quality (low leverage, solid profitability, positive free cash flow), supported by a generally constructive earnings outlook (stronger H2 expectation and AI traction). The rating is held back by mixed technical momentum and a valuation that is not especially cheap, alongside ongoing concerns around cash conversion and traditional-services pricing pressure.
Positive Factors
AI Growth and Margin Potential
Rapid AI adoption is becoming a meaningful growth engine, while higher AI rate cards and better gross-margin potential can improve the revenue mix. BlueVerse capabilities and multiple partnerships may help LTIMindtree convert demand into repeat transformation and implementation work.
Negative Factors
Slowing Revenue and Margin Growth
Annual revenue growth slowed to about 3.7% in 2026 from roughly 7% in 2024–2025, while gross and operating profitability also compressed. This combination signals that demand momentum and pricing or cost absorption are not yet fully supporting prior earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
AI Growth and Margin Potential
Rapid AI adoption is becoming a meaningful growth engine, while higher AI rate cards and better gross-margin potential can improve the revenue mix. BlueVerse capabilities and multiple partnerships may help LTIMindtree convert demand into repeat transformation and implementation work.
Read all positive factors
LTIMindtree Limited (LTIM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.28T
Dividend Yield2.51%
Average Volume (3M)17.42K
Price to Earnings (P/E)26.8
Beta (1Y)1.30
Revenue Growth14.67%
EPS Growth7.26%
CountryIN
Employees84,307
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)169.35
Shares Outstanding296,621,300
10 Day Avg. Volume21,548
30 Day Avg. Volume17,422
Financial Highlights & Ratios
PEG Ratio2.91
Price to Book (P/B)5.50
Price to Sales (P/S)3.13
P/FCF Ratio30.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,550.00Price Target Upside1.56% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)201.24
Revenue Forecast (FY)₹481.25B
LTIMindtree Limited Business Overview & Revenue Model
Company Description
LTIMindtree Limited, a prominent IT consulting and digital transformation firm, delivers a comprehensive suite of information technology services and solutions across various global regions, including India, North America, Europe, and the Asia Pac...
How the Company Makes Money
LTIMindtree makes money primarily by delivering IT services to enterprise customers under commercial contracts that typically bill clients for (a) time-and-materials (based on hours/daily rates of consultants and engineers), (b) fixed-price projec...
LTIMindtree Limited Earnings Call Summary
Earnings Call Date:Oct 16, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Jan 21, 2027
Earnings Call Sentiment Positive
The call was predominantly positive, supported by broad-based revenue growth, improving EBIT margin, strong AI revenue and pipeline momentum, expanding client relationships, new AI capabilities, and confidence in stronger sequential growth in H2. The main challenges were lower PAT margin and cash conversion, the Saudi and Middle East revenue impact, seasonal weakness in tech, pressure in travel and traditional services, lower TCV visibility, and continuing foreign-exchange and gratuity-related outflows.Positive Updates
Broad-Based Revenue Growth
Q2 FY 2027 revenue was $1.235 billion, up 1.1% quarter-on-quarter and 5.1% year-on-year in constant currency. Revenue in INR was INR 11,808 crore, up 1.7% quarter-on-quarter and 13.6% year-on-year.
Negative Updates
Lower PAT Margin and EPS
PAT margin declined to 11.7% from 12.7% in Q1 because Q1 included a one-time gain from recognizing the value of the Voicing AI investment. Basic EPS declined to INR 47.2 from INR 49.5.
Read all updates
Q2-2027 Updates
Positive
Negative
Broad-Based Revenue Growth
Q2 FY 2027 revenue was $1.235 billion, up 1.1% quarter-on-quarter and 5.1% year-on-year in constant currency. Revenue in INR was INR 11,808 crore, up 1.7% quarter-on-quarter and 13.6% year-on-year.
Read all positive updates
Company Guidance
Management expects its growth trajectory to continue to strengthen as the year progresses, with 5.4% year-over-year growth in H1 FY 2027 and “stronger sequential growth”; Q3 and Q4 will be “better quarters than the first quarter for sure,” H2 will be “better than H1,” and FY 2027 growth coming “as close as we can” to FY 2026 growth remains the endeavor, with FY 2028 the aim. The company expects Randstad acquisition approvals and closure by the end of Q3, followed by three to four months to realign the newer markets in Australia and Europe; CBDT should see a “gradual ramp up” linked to hardware delivery, tech should return to its “normal growth trajectory,” and operating cash flow should “normalize in quarter three,” except that gratuity funding may still be happening. Management is working toward maintaining EBIT margins at “similar levels to last year,” with organic margins expected to “continue to hold on and improve further from here”; AI projects are “anywhere between six months to one year,” while pure-play AI-native projects are “just under one year,” AI rate cards are priced higher than traditional rate cards, and similar Forex losses below EBIT “may continue for the next couple of quarters.”LTIMindtree Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 423.08B | 380.08B | 355.17B | 331.83B | 261.09B |
| Gross Profit | 117.30B | 107.54B | 94.06B | 123.03B | 62.64B |
| EBITDA | 81.22B | 74.85B | 70.89B | 66.65B | 60.14B |
| Net Income | 50.18B | 45.99B | 45.82B | 44.08B | 39.48B |
Balance Sheet | |||||
| Total Assets | 371.96B | 306.30B | 275.63B | 234.96B | 205.82B |
| Cash, Cash Equivalents and Short-Term Investments | 148.48B | 112.36B | 95.72B | 76.64B | 72.24B |
| Total Debt | 23.10B | 21.87B | 20.71B | 15.41B | 13.91B |
| Total Liabilities | 130.88B | 79.19B | 75.37B | 68.97B | 62.90B |
| Stockholders Equity | 240.25B | 226.98B | 200.17B | 165.92B | 142.87B |
Cash Flow | |||||
| Free Cash Flow | 43.06B | 35.96B | 48.26B | 21.55B | 21.93B |
| Operating Cash Flow | 52.36B | 45.46B | 56.70B | 30.95B | 32.51B |
| Investing Cash Flow | -23.09B | -17.38B | -39.12B | -3.31B | -16.45B |
| Financing Cash Flow | -28.23B | -25.74B | -22.69B | -19.32B | -16.80B |
LTIMindtree Limited Technical Analysis
Neutral
4480.00
Price Trends
4350.70
Negative
4194.16
Positive
4505.18
Negative
Market Momentum
1.02
Negative
56.43
Neutral
84.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LTIM, the sentiment is Neutral. The current price of 4480 is above the 20-day moving average (MA) of 4104.15, above the 50-day MA of 4350.70, and below the 200-day MA of 4505.18, indicating a neutral trend. The MACD of 1.02 indicates Negative momentum. The RSI at 56.43 is Neutral, neither overbought nor oversold. The STOCH value of 84.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:LTIM.
LTIMindtree Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹3.86T | 21.04 | ― | 4.21% | 12.76% | 7.96% | |
77 Outperform | ₹8.90T | 17.73 | ― | 4.43% | 9.92% | 4.39% | |
74 Outperform | ₹4.59T | 15.75 | ― | 4.11% | 5.76% | 12.64% | |
73 Outperform | ₹1.28T | 26.78 | ― | 2.51% | 14.67% | 7.26% | |
73 Outperform | ₹1.74T | 29.42 | ― | 2.78% | 13.60% | 23.11% | |
71 Outperform | ₹1.87T | 14.84 | ― | 4.24% | 8.22% | -1.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:LTIM
LTIMindtree Limited
4,299.00
-1,223.81
-22.16%
IN:HCLTECH
HCL Technologies Limited
1,423.85
-32.87
-2.26%
IN:INFY
Infosys Limited
1,167.40
-306.51
-20.80%
IN:TCS
Tata Consultancy Services Limited
2,527.00
-420.42
-14.26%
IN:TECHM
Tech Mahindra Limited
1,835.00
409.21
28.70%
IN:WIPRO
Wipro Limited
188.60
-46.96
-19.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.