Financials LTIMindtree Limited

Equities

LTIM

INE214T01019

IT Services & Consulting

Market Closed - NSE India S.E. Other stock markets 07:41:00 2026-01-14 am EST			5-day change	1st Jan Change
6,030.50 ^INR	-1.15%		-1.17%	-0.54%

Dec. 09	Xage Security and LTIMindtree Form Strategic Partnership to Deliver Zero Trust Cybersecurity for Critical Infrastructure	CI
Dec. 02	Armada Co collaborates with LTIMindtree to expand Edge AI globally	RE

Projected Income Statement: LTIMindtree Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	123,698	156,687	331,830	355,170	380,081	417,927	462,595	513,073
Change	-	26.67%	111.78%	7.03%	7.01%	9.96%	10.69%	10.91%
EBITDA ¹	27,251	30,584	61,077	63,874	64,949	75,314	84,873	95,008
Change	-	12.23%	99.7%	4.58%	1.68%	15.96%	12.69%	11.94%
EBIT ¹	23,926	27,035	53,850	55,685	55,034	64,534	73,535	83,031
Change	-	12.99%	99.19%	3.41%	-1.17%	17.26%	13.95%	12.91%
Interest Paid ¹	-788	-728	-1,504	-2,217	-2,789	-2,801	-2,631	-2,959
Earnings before Tax (EBT) ¹	25,882	30,974	57,915	60,487	62,142	74,246	83,415	94,646
Change	-	19.67%	86.98%	4.44%	2.74%	19.48%	12.35%	13.46%
Net income ¹	19,361	22,985	44,083	45,846	45,987	54,879	62,154	70,943
Change	-	18.72%	91.79%	4%	0.31%	19.34%	13.26%	14.14%
Announcement Date	5/4/21	4/19/22	4/27/23	4/24/24	4/23/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	29,492	29,984	31,528	32,694	34,625	37,670	41,376	43,016	45,228	48,367	86,200	86,910	87,021	89,054	90,166	88,929	91,426	94,329	96,609	97,717	98,406	103,099	107,389	110,315	112,243	115,010	116,324	119,025
Change	-	1.67%	5.15%	3.7%	5.91%	8.79%	9.84%	3.96%	5.14%	6.94%	78.22%	0.82%	0.13%	2.34%	1.25%	-1.37%	2.81%	3.18%	2.42%	1.15%	0.71%	4.77%	4.16%	2.72%	1.75%	2.47%	1.14%	2.32%
EBITDA ¹	5,920	6,856	7,320	7,155	6,478	7,332	8,311	8,464	8,308	9,117	13,748	16,037	16,355	16,313	15,849	15,357	16,061	16,993	15,933	15,962	16,494	18,010	19,967	20,121	20,375	21,373	21,719	22,894
Change	-	15.81%	6.77%	-2.25%	-9.46%	13.18%	13.35%	1.84%	-1.84%	9.74%	50.8%	16.65%	1.98%	-0.26%	-2.84%	-3.1%	4.58%	5.8%	-6.24%	0.18%	3.33%	9.19%	10.87%	0.77%	1.26%	4.9%	1.62%	5.41%
EBIT ¹	5,139	5,957	6,502	6,329	5,682	6,482	7,426	7,445	7,243	7,809	11,967	14,214	14,508	14,231	13,859	13,087	13,709	14,582	13,289	13,454	14,065	15,390	17,176	17,259	17,430	18,321	18,624	19,369
Change	-	15.92%	9.15%	-2.66%	-10.22%	14.08%	14.56%	0.26%	-2.71%	7.81%	53.25%	18.78%	2.07%	-1.91%	-2.61%	-5.57%	4.75%	6.37%	-8.87%	1.24%	4.54%	9.42%	11.61%	0.48%	0.99%	5.11%	1.65%	4%
Charge d'intérêts ¹	-208	-	-	-	-	-	-188	-189	-174	-189	-	-436	-460	-470	-607	-680	-724	-703	-689	-673	-724	-725	-694	-694.5	-	-	-	-
Earnings before Tax (EBT) ¹	5,589	6,131	6,994	7,168	6,721	7,420	8,237	8,596	8,510	9,013	13,106	14,442	15,364	15,193	15,447	14,483	15,256	16,868	14,725	15,293	17,262	17,308	19,158	19,271	19,076	20,537	21,509	22,614
Change	-	9.7%	14.08%	2.49%	-6.24%	10.4%	11.01%	4.36%	-1%	5.91%	45.41%	10.19%	6.38%	-1.11%	1.67%	-6.24%	5.34%	10.57%	-12.7%	3.86%	12.88%	0.26%	10.69%	0.59%	-1.01%	7.66%	4.73%	5.14%
Net income ¹	4,166	4,556	5,187	5,452	4,963	5,515	6,120	6,375	6,335	6,793	10,005	11,137	11,515	11,618	11,689	11,007	11,351	12,510	10,854	11,285	12,541	12,858	14,241	14,323	14,021	15,095	15,809	16,621
Change	-	9.36%	13.85%	5.11%	-8.97%	11.12%	10.97%	4.17%	-0.63%	7.23%	47.28%	11.31%	3.39%	0.89%	0.61%	-5.83%	3.13%	10.21%	-13.24%	3.97%	11.13%	2.53%	10.75%	0.58%	-2.11%	7.66%	4.73%	5.14%
Announcement Date	7/15/20	10/20/20	1/19/21	5/4/21	7/15/21	10/18/21	1/19/22	4/19/22	7/14/22	10/15/22	1/20/23	4/27/23	7/17/23	10/18/23	1/17/24	4/24/24	7/17/24	10/17/24	1/16/25	4/23/25	7/17/25	-	-	-	-	-	-	-

¹INR in Million

Estimates

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	-46,470	-75,930	-109,383
Change	-	-357.07%	-79.95%	14.53%	56.49%	-125.58%	-63.4%	-44.06%
Announcement Date	5/4/21	4/19/22	4/27/23	4/24/24	4/23/25	-	-	-

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	11,570	11,763	12,582
Change	-	215.92%	9.35%	-10.23%	10.72%	23.93%	1.67%	6.96%
Free Cash Flow (FCF) ¹	21,277	7,930	21,553	48,263	36,122	45,260	53,373	59,813
Change	-	-62.73%	171.79%	123.93%	-25.16%	25.3%	17.92%	12.07%
Announcement Date	5/4/21	4/19/22	4/27/23	4/24/24	4/23/25	-	-	-

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%	18.02%	18.35%	18.52%
EBIT Margin (%)	19.34%	17.25%	16.23%	15.68%	14.48%	15.44%	15.9%	16.18%
EBT Margin (%)	20.92%	19.77%	17.45%	17.03%	16.35%	17.77%	18.03%	18.45%
Net margin (%)	15.65%	14.67%	13.28%	12.91%	12.1%	13.13%	13.44%	13.83%
FCF margin (%)	17.2%	5.06%	6.5%	13.59%	9.5%	10.83%	11.54%	11.66%
FCF / Net Income (%)	109.9%	34.5%	48.89%	105.27%	78.55%	82.47%	85.87%	84.31%
Profitability
ROA	19.82%	19.83%	20%	17.96%	15.8%	17.85%	18.23%	18.81%
ROE	30.5%	28.52%	28.55%	25.03%	21.53%	22.48%	22.41%	22.23%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.2%	5.48%	2.83%	2.37%	2.46%	2.77%	2.54%	2.45%
CAPEX / EBITDA (%)	9.98%	28.09%	15.38%	13.2%	14.37%	15.36%	13.86%	13.24%
CAPEX / FCF (%)	12.78%	108.32%	43.58%	17.47%	25.85%	25.56%	22.04%	21.04%
Items per share
Cash flow per share ¹	137.1	94.4	104.5	191.5	153.6	198	231.3	260.8
Change	-	-31.16%	10.75%	83.21%	-19.82%	28.95%	16.78%	12.75%
Dividend per Share ¹	40	45	60	45	45	77.18	89.13	100.3
Change	-	12.5%	33.33%	-25%	0%	71.5%	15.48%	12.5%
Book Value Per Share ¹	417.3	503.7	560.5	676.6	766.8	863.4	986	1,121
Change	-	20.69%	11.29%	20.7%	13.34%	12.59%	14.2%	13.73%
EPS ¹	110.3	130.8	148.8	154.5	155	184.9	209.7	237.6
Change	-	18.64%	13.78%	3.8%	0.34%	19.31%	13.37%	13.32%
Nbr of stocks (in thousands)	174,751	175,270	295,823	296,105	296,286	296,477	296,477	296,477
Announcement Date	5/4/21	4/19/22	4/27/23	4/24/24	4/23/25	-	-	-