Projected Income Statement: LTIMindtree Limited

Forecast Balance Sheet: LTIMindtree Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -6,735 -30,784 -55,395 -47,348 -20,600 -41,671 -71,065 -1,04,084
Change - -357.07% -79.95% 14.53% 56.49% -102.29% -70.54% -46.46%
Announcement Date 04/05/21 19/04/22 27/04/23 24/04/24 23/04/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: LTIMindtree Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,719 8,590 9,393 8,432 9,336 11,697 11,777 12,533
Change - 215.92% 9.35% -10.23% 10.72% 25.29% 0.69% 6.41%
Free Cash Flow (FCF) 1 21,277 7,930 21,553 48,263 36,122 44,258 53,673 60,542
Change - -62.73% 171.79% 123.93% -25.16% 22.52% 21.27% 12.8%
Announcement Date 04/05/21 19/04/22 27/04/23 24/04/24 23/04/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: LTIMindtree Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 22.03% 19.52% 18.41% 17.98% 17.09% 18% 18.41% 18.64%
EBIT Margin (%) 19.34% 17.25% 16.23% 15.68% 14.48% 15.48% 16.01% 16.33%
EBT Margin (%) 20.92% 19.77% 17.45% 17.03% 16.35% 16.91% 18.1% 18.54%
Net margin (%) 15.65% 14.67% 13.28% 12.91% 12.1% 12.11% 13.46% 13.79%
FCF margin (%) 17.2% 5.06% 6.5% 13.59% 9.5% 10.51% 11.44% 11.66%
FCF / Net Income (%) 109.9% 34.5% 48.89% 105.27% 78.55% 86.84% 85.01% 84.55%

Profitability

        
ROA 19.82% 19.83% 20% 17.96% 15.8% 14.98% 16.4% 16.41%
ROE 30.5% 28.52% 28.55% 25.03% 21.53% 22.07% 22.98% 22.76%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.2% 5.48% 2.83% 2.37% 2.46% 2.78% 2.51% 2.41%
CAPEX / EBITDA (%) 9.98% 28.09% 15.38% 13.2% 14.37% 15.43% 13.64% 12.95%
CAPEX / FCF (%) 12.78% 108.32% 43.58% 17.47% 25.85% 26.43% 21.94% 20.7%

Items per share

        
Cash flow per share 1 137.1 94.4 104.5 191.5 153.6 198.6 230.7 260
Change - -31.16% 10.75% 83.21% -19.82% 29.3% 16.18% 12.71%
Dividend per Share 1 40 45 60 45 45 74.32 91.54 101.2
Change - 12.5% 33.33% -25% 0% 65.16% 23.17% 10.58%
Book Value Per Share 1 417.3 503.7 560.5 676.6 766.8 850.1 976.6 1,120
Change - 20.69% 11.29% 20.7% 13.34% 10.86% 14.88% 14.7%
EPS 1 110.3 130.8 148.8 154.5 155 174.5 213.4 241.8
Change - 18.64% 13.78% 3.8% 0.34% 12.59% 22.27% 13.34%
Nbr of stocks (in thousands) 1,74,751 1,75,270 2,95,823 2,96,105 2,96,286 2,96,481 2,96,481 2,96,481
Announcement Date 04/05/21 19/04/22 27/04/23 24/04/24 23/04/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 24.4x 20x
PBR 5.01x 4.37x
EV / Sales 2.9x 2.54x
Yield 1.74% 2.15%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
39
Last Close Price
4,262.70INR
Average target price
6,099.15INR
Spread / Average Target
+43.08%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. LTM Stock
  4. Financials LTIMindtree Limited
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