LTIMindtree Limited

NSEI:LTIM Stock Report

Market Cap: ₹1.7t

LTIMindtree Valuation

Is LTIM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LTIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LTIM (₹5585.9) is trading above our estimate of fair value (₹1933.79)

Significantly Below Fair Value: LTIM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LTIM?

Key metric: As LTIM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LTIM. This is calculated by dividing LTIM's market cap by their current earnings.
What is LTIM's PE Ratio?
PE Ratio35.6x
Earnings₹46.54b
Market Cap₹1.67t

Price to Earnings Ratio vs Peers

How does LTIM's PE Ratio compare to its peers?

The above table shows the PE ratio for LTIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.7x
TECHM Tech Mahindra
46.1x24.9%₹1.5t
PERSISTENT Persistent Systems
76.9x20.5%₹975.1b
507685 Wipro
26.9x8.1%₹3.2t
COFORGE Coforge
80.9x26.9%₹655.5b
LTIM LTIMindtree
35.6x14.8%₹1.7t

Price-To-Earnings vs Peers: LTIM is good value based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (57.7x).

Price to Earnings Ratio vs Industry

How does LTIM's PE Ratio compare vs other companies in the IN IT Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTL GTL
1.2xn/aUS$22.12m
517429 Athena Global Technologies
0.7xn/aUS$16.39m
509040 Netlink Solutions (India)
3.5xn/aUS$5.45m
512341 CES
0.05xn/aUS$130.33k
No more companies available in this PE range
LTIM 35.6xIndustry Avg. 34.9xNo. of Companies16PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LTIM is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the Indian IT industry average (34.9x).

Price to Earnings Ratio vs Fair Ratio

What is LTIM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LTIM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.6x
Fair PE Ratio47.9x

Price-To-Earnings vs Fair Ratio: LTIM is good value based on its Price-To-Earnings Ratio (35.6x) compared to the estimated Fair Price-To-Earnings Ratio (47.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LTIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹5,585.90
₹6,371.23
+14.1%
12.5%₹7,550.00₹4,475.00n/a39
Dec ’25₹6,172.40
₹6,341.49
+2.7%
12.4%₹7,550.00₹4,475.00n/a39
Nov ’25₹5,731.60
₹6,329.64
+10.4%
12.6%₹7,550.00₹4,475.00n/a39
Oct ’25₹6,273.45
₹5,966.18
-4.9%
11.9%₹7,700.00₹4,475.00n/a39
Sep ’25₹6,156.05
₹5,685.03
-7.7%
11.8%₹7,000.00₹4,199.00n/a39
Aug ’25₹5,678.90
₹5,648.08
-0.5%
11.7%₹7,000.00₹4,199.00n/a39
Jul ’25₹5,447.50
₹5,088.05
-6.6%
12.0%₹6,650.00₹3,960.00n/a38
Jun ’25₹4,701.90
₹5,005.39
+6.5%
12.2%₹6,650.00₹3,840.00n/a38
May ’25₹4,706.40
₹5,023.59
+6.7%
12.5%₹6,650.00₹3,840.00n/a37
Apr ’25₹4,882.60
₹5,706.00
+16.9%
12.7%₹7,050.00₹4,100.00n/a36
Mar ’25₹5,273.55
₹6,004.42
+13.9%
12.5%₹7,200.00₹4,040.00n/a36
Feb ’25₹5,364.65
₹5,948.74
+10.9%
12.8%₹7,200.00₹4,040.00n/a35
Jan ’25₹6,261.90
₹5,616.00
-10.3%
13.7%₹7,285.00₹3,990.00n/a35
Dec ’24₹5,577.05
₹5,508.06
-1.2%
12.8%₹7,050.00₹3,990.00₹6,172.4035
Nov ’24₹4,998.70
₹5,488.34
+9.8%
13.1%₹7,050.00₹3,990.00₹5,731.6035
Oct ’24₹5,209.85
₹5,258.75
+0.9%
12.8%₹6,980.00₹3,800.00₹6,273.4536
Sep ’24₹5,303.35
₹5,176.11
-2.4%
14.0%₹7,300.00₹3,800.00₹6,156.0536
Aug ’24₹4,977.45
₹5,119.17
+2.8%
13.8%₹7,300.00₹3,800.00₹5,678.9036
Jul ’24₹5,197.20
₹4,954.26
-4.7%
14.7%₹7,300.00₹3,850.00₹5,447.5034
Jun ’24₹4,969.30
₹4,872.21
-2.0%
15.3%₹7,500.00₹3,700.00₹4,701.9034
May ’24₹4,419.45
₹4,839.85
+9.5%
15.0%₹7,500.00₹3,700.00₹4,706.4034
Apr ’24₹4,759.65
₹4,809.91
+1.1%
19.4%₹7,500.00₹2,010.00₹4,882.6034
Mar ’24₹4,743.80
₹4,713.36
-0.6%
19.1%₹7,540.00₹2,010.00₹5,273.5533
Feb ’24₹4,388.10
₹4,675.56
+6.6%
18.7%₹7,540.00₹2,010.00₹5,364.6534
Jan ’24₹4,365.40
₹4,658.77
+6.7%
17.6%₹6,330.00₹2,010.00₹6,261.9030
Dec ’23₹5,010.45
₹4,679.42
-6.6%
17.9%₹6,330.00₹2,010.00₹5,577.0531

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 12:08
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

LTIMindtree Limited is covered by 61 analysts. 38 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ashwin MehtaAmbit Capital
Nitin BhasinAmbit Capital
Jayalaxmi GuptaAnand Rathi Shares and Stock Brokers Limited