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Swing Capital

LTM Ltd

NSE: LTM BSE: 540005IT / Software

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]

₹4,080
52W: ₹3907 — ₹6430
PE 22.7 · Book ₹771 · +429% vs book
Market Cap₹1,21,021 Cr
Stock P/E22.7Price to Earnings
ROCE30.4%Return on Capital
ROE23.8%Return on Equity
Div. Yield1.86%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
  • +Company has been maintaining a healthy dividend payout of 43.7%
  • +Company's working capital requirements have reduced from 34.2 days to 26.4 days

Shareholding Pattern

Promoters68.52%
FIIs6.63%
DIIs16.9%
Public7.82%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.6%68.6%68.57%▼0.068.57%68.56%▼0.068.54%▼0.068.53%▼0.068.52%▼0.0
FIIs7.28%7.39%▲0.17.45%▲0.17%▼0.56.62%▼0.46.4%▼0.26.51%▲0.16.63%▲0.1
DIIs14.12%14.79%▲0.714.88%▲0.115.51%▲0.616.1%▲0.616.57%▲0.516.8%▲0.216.9%▲0.1
Public9.86%9.09%▼0.88.96%▼0.18.82%▼0.18.6%▼0.28.35%▼0.38.02%▼0.37.82%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales8,7018,6048,8689,1059,2869,4239,4219,96710,31210,782
Expenses7,1907,1187,3307,4847,7957,9047,8518,0868,3928,926
Operating Profit1,5111,4861,5391,6201,4921,5191,5701,8811,9201,856
OPM %17%17%17%18%16%16%17%19%19%17%
Net Profit1,1351,0941,1061,2201,0421,0791,2971,3869291,322
EPS ₹38.3636.9337.3541.235.1536.443.7846.7631.3244.58

AI Insights

Revenue Trend

Mar 2026 revenue at ₹40,482Cr, up 10.4% YoY. OPM at 18%.

Debt Position

Borrowings at ₹2,085Cr. Debt-to-equity ratio: 0.09x. Healthy balance sheet.

Capex Cycle

CWIP at ₹894Cr (20% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 16.9% (+4.56pp change). FIIs: 6.63% (-1.58pp change). Promoters hold 68.52%.

Margin & Efficiency

ROCE declining from 51% (Mar 2015) to 30% (Mar 2026). Working capital days: 26.

Valuation

PE 22.7x with 30.4% ROCE. Price is 429% above book value of ₹771. Dividend yield: 1.86%.

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