Information Technology · NSE/BSE: LTM

LTM Limited

Computers - Software & Consulting
Market Cap ₹1.19L Cr
Verdict: Average

Quality Scores

Multi-Bagger
74/100
Compounder Quality
91/100
Management Credibility
90/100
Governance
96/100
Cash Flow Quality
95/100

AI Summary

LTM Limited (LTIMindtree) is a leading Indian technology consulting firm that has undergone significant transformation following the merger of L&T Infotech and Mindtree. Over the last decade, the company has scaled from a 4,978 Cr revenue entity in FY15 to over 42,000 Cr in FY26, representing a massive 22% CAGR. While the company maintains superior operational metrics including a ROCE of 30% and ROE of 23%, recent years have shown a deceleration in growth momentum, with 3-year sales CAGR dropping to 8%. The company's balance sheet remains robust with minimal debt and high cash reserves,…

Top Opportunities

  • Zero net debt status maintained over a decade
  • High ROCE (>30%) consistently over 10 years
  • Strong parentage of Larsen & Toubro provides brand trust

Top Risks

  • Operating margin contraction from 22% peak to 17-18%
  • Significant slowdown in 3-year sales/profit CAGR (7-8%)
  • Dec 2025 negative other income anomaly

Latest report: Read the annual report summary →

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