Company Valuation: LTIMindtree Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 708,491 1,078,858 1,408,013 1,462,286 1,330,722 1,779,008 - -
Change - 52.28% 30.51% 3.85% -9% 33.69% - -
Enterprise Value (EV) 1 701,756 1,048,074 1,352,618 1,414,938 1,310,122 1,732,538 1,703,078 1,669,625
Change - 49.35% 29.06% 4.61% -7.41% 32.24% -1.7% -1.96%
P/E ratio 36.8x 47.1x 32x 32x 29x 32.4x 28.6x 25.3x
PBR 9.71x 12.2x 8.49x 7.3x 5.86x 6.95x 6.09x 5.35x
PEG - 2.5x 2.3x 8.43x 86.15x 1.7x 2.1x 1.9x
Capitalization / Revenue 5.73x 6.89x 4.24x 4.12x 3.5x 4.26x 3.85x 3.47x
EV / Revenue 5.67x 6.69x 4.08x 3.98x 3.45x 4.15x 3.68x 3.25x
EV / EBITDA 25.8x 34.3x 22.1x 22.2x 20.2x 23x 20.1x 17.6x
EV / EBIT 29.3x 38.8x 25.1x 25.4x 23.8x 26.8x 23.2x 20.1x
EV / FCF 33x 132x 62.8x 29.3x 36.3x 38.3x 31.9x 27.9x
FCF Yield 3.03% 0.76% 1.59% 3.41% 2.76% 2.61% 3.13% 3.58%
Dividend per Share 2 40 45 60 45 45 77.18 89.13 100.3
Rate of return 0.99% 0.73% 1.26% 0.91% 1% 1.29% 1.49% 1.67%
EPS 2 110.3 130.8 148.8 154.5 155 184.9 209.7 237.6
Distribution rate 36.3% 34.4% 40.3% 29.1% 29% 41.7% 42.5% 42.2%
Net sales 1 123,698 156,687 331,830 355,170 380,081 417,927 462,595 513,073
EBITDA 1 27,251 30,584 61,077 63,874 64,949 75,314 84,873 95,008
EBIT 1 23,926 27,035 53,850 55,685 55,034 64,534 73,535 83,031
Net income 1 19,361 22,985 44,083 45,846 45,987 54,879 62,154 70,943
Net Debt 1 -6,735 -30,784 -55,395 -47,348 -20,600 -46,470 -75,930 -109,383
Reference price 2 4,054.30 6,155.40 4,759.65 4,938.40 4,491.35 6,000.50 6,000.50 6,000.50
Nbr of stocks (in thousands) 174,751 175,270 295,823 296,105 296,286 296,477 - -
Announcement Date 5/4/21 4/19/22 4/27/23 4/24/24 4/23/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.65x4.18x23.27x1.28% 19.84B
33.59x4.88x17.39x2.2% 284B
20.84x2.26x12.07x2.32% 173B
22.47x4.24x15.69x3.58% 129B
24.35x4.92x16.83x2.4% 108B
28.14x6.7x16.8x2.09% 77.4B
-55.2x15.56x114.31x-.--% 74.97B
22.99x3.48x14.61x3.14% 72.37B
25.78x3.28x15.78x3.56% 49.82B
17.87x2.12x14.32x0.69% 48.3B
Average 17.35x 5.16x 26.11x 2.13% 103.6B
Weighted average by Cap. 20.43x 4.96x 22.90x 2.29%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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