LTM · NSE
LTM Limited
₹4,275.1
+0.23% (+₹9.8)
Prev. close
₹4,265.3
Volume
5,00,645
Delivery %
51.5%
As of
18 Sept 2026
Price history
Kotak Institutional Equities Analysis · Kotak Institutional Equities · 21 Aug 2026
“Bearish on LTM, downgrading to 'Sell' from 'Reduce' due to a sharp rally in stock prices from recent lows. The price target has been marginally raised to ₹4,150 from ₹3,900. LTM's growth rate has fallen short of expectations, and execution strength has been insufficient to overcome industry headwinds and client-specific issues.”
Published mid-session at 09:51 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts are split
2 analyst stances · last 90 days · one per analyst
Trackable
2 · 1 bull / 0 neutral / 1 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bearish on LTM, downgrading to 'Sell' from 'Reduce' due to a sharp rally in stock prices from recent lows. The price tar…” | Kotak Institutional Equities AnalysisKotak Institutional Equities | LTM | PENDING | ||||
“Bearish on LTM, downgrading to 'Sell' from 'Reduce' due to a sharp rally in stock prices from recent lows. The price target has been marginally raised to ₹4,150 from ₹3,900. LTM's growth rate has fallen short of expectations, and execution strength has been insufficient to overcome industry headwinds and client-specific issues.” Rating & targetTrack opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “CLSA maintains an 'outperform' rating on LTM with a revised price target of ₹5,534. The brokerage asserts that mid-tier …” | CLSA AnalysisCLSA | LTM | PENDING | ||||
Fundamentals
About LTM Limited
LTM Limited engages in technology consulting and digital solutions company, provides information technology services and solutions in India, North America, Europe, and internationally. It operates through Banking, Financial Services & Insurance; Technology, Media & Communications; Manufacturing & Resources; Consumer Business; and Health, Life Sciences & Public Services. The company offers BlueVerse; Voicing.AI; application management services; cognitive infrastructure services (cis); cybersecurity; data and analytics; interactive, such as craftstudio, marketing, commerce, service, consulting, x-nnovation, and app world; ai-led engineering; industry. NXT; and enterprise application services, such as sap, and oracle. It also offers enterprise cloud applications, such as ServiceNow, and Microsoft business applications; enterprise integration & business process orchestration, including enterprise application integration, business process management, API management, enterprise content management (ECM), cloud and hybrid integration, and event streaming; integration services, and orchestration services; disruptive SaaS (DsaaS); and gcc-as-a-service. It serves travel, transport, hospitality, logistics & real estate, public services, manufacturing, healthcare, life sciences, energy, utilities, retail and consumer packaged goods, insurance, banking & financial services, communications, media, and entertainment, hi-tech & services. The company has a strategic collaboration with the Indian Institute of Creative Technologies for the development of industry-aligned skilling and workforce readiness in creative technologies across advertising, films, immersive media, and digital storytelling. The company was formerly known as LTIMindtree Limited and changed its name to LTM Limited in March 2026. The company was incorporated in 1996 and is based in Mumbai, India. LTM Limited is a subsidiary of Larsen & Toubro Limited.
Details
Sector
Technology
Industry
Information Technology Services
CEO
Mr. Venugopal Lambu
Headquarters
Mumbai
Employees
87,886
Website
ltm.comExchange
View on NSE ↗Key stats
Market cap
₹1.27 L Cr
P/E ratio (TTM)
24.3
Dividend yield
1.76%
EPS (TTM)
₹176.16
Beta (1Y · daily vs NIFTY 50)
1.08
Beta (5Y · monthly vs NIFTY 50)
1.38
Shares float
9.28 Cr
EPS · quarter ended Jun 2026
₹49.42
Upcoming earnings
12 Oct 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹12,369.80 Cr | ₹15,668.70 Cr | ₹33,183.00 Cr | ₹35,517.00 Cr | ₹38,008.10 Cr | ₹42,307.60 Cr | |
| EBITDA | ₹2,999.50 Cr | ₹3,525.10 Cr | ₹6,664.60 Cr | ₹7,089.30 Cr | ₹7,484.60 Cr | ₹8,121.50 Cr |
| ₹1,936.10 Cr | ₹2,296.80 Cr | ₹4,408.30 Cr | ₹4,582.10 Cr | ₹4,598.70 Cr | ₹5,018.10 Cr | |
| Diluted EPS | ₹110.26 | ₹130.81 | ₹148.83 | ₹154.48 | ₹155 | ₹169.13 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹10,709.10 Cr | ₹20,582.40 Cr | ₹23,496.10 Cr | ₹27,544.00 Cr | ₹30,598.00 Cr | ₹37,148.00 Cr | |
| ₹798.30 Cr | ₹1,391.10 Cr | ₹1,541.20 Cr | ₹2,070.60 Cr | ₹2,187.30 Cr | ₹2,310.00 Cr | |
| Stockholders' equity | ₹7,303.90 Cr | ₹14,288.00 Cr | ₹16,592.10 Cr | ₹20,018.00 Cr | ₹22,699.00 Cr | ₹24,025.00 Cr |
Inventory, Cash & equivalents, Long-term debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,399.60 Cr | ₹1,652.00 Cr | ₹3,095.80 Cr | ₹5,669.50 Cr | ₹4,545.80 Cr | ₹4,798.80 Cr | |
| Investing cash flow | ₹-1,656.00 Cr | ₹-959.40 Cr | ₹-330.90 Cr | ₹-3,912.10 Cr | ₹-1,738.20 Cr | ₹-1,767.90 Cr |
| ₹-508.80 Cr | ₹-1,045.80 Cr | ₹-1,931.70 Cr | ₹-2,268.80 Cr | ₹-2,574.40 Cr | ₹-2,926.40 Cr | |
| Capital expenditure | ₹-271.90 Cr | ₹-859.00 Cr | ₹-939.30 Cr | ₹-843.20 Cr | ₹-949.60 Cr | ₹-930.60 Cr |
| End cash position | ₹759.40 Cr | — | ₹2,338.90 Cr | ₹1,820.00 Cr | ₹2,062.30 Cr | ₹2,331.10 Cr |
Debt issued, Debt repaid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Nov 22–Dec 22(2Q) | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.09% | 74.07% | 74.05% | 74.03% | 74.00% | 68.69% | 68.68% | 68.66% | 68.66% | 68.64% | 68.60% | 68.60% | 68.60% | 68.57% | 68.57% | 68.56% | 68.54% | 68.53% | 68.52% | 68.49% |
| Public | 25.91% | 25.93% | 25.95% | 25.97% | 26.00% | 31.31% | 31.32% | 31.33% | 31.34% | 31.35% | 31.40% | 31.37% | 31.38% | 31.40% | 31.42% | 31.44% | 31.44% | 31.45% | 31.47% | 31.46% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% | 0.03% | 0.00% | 0.01% | 0.02% | 0.03% | 0.01% | 0.04% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Technology
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | ₹7.92 L Cr | ₹2,105 | 15.9 | 7.39 | 45.9% | 0.11 | +4.6% | -33.7% |
| Infosys Limited | ₹4.20 L Cr | ₹1,037.7 | 13.5 | — | 33.9% | 0.10 | +4.6% | -31.2% |
| HCL Technologies Limited | ₹3.40 L Cr | ₹1,249.3 | 19.5 | 4.53 | 22.1% | 0.07 | +11.2% | -16.4% |
| Wipro Limited | ₹1.65 L Cr | ₹166.4 | 13.5 | 1.86 | 14.9% | 0.23 | +4.0% | -34.5% |
| Tech Mahindra Limited | ₹1.38 L Cr | ₹1,537.1 | 27.0 | 4.67 | 16.2% | 0.07 | +7.2% | -0.9% |
| LTM Limited | ₹1.26 L Cr | ₹4,275.1 | 24.2 | 5.26 | 20.9% | 0.10 | +11.3% | — |
| One 97 Communications Limited | ₹1.13 L Cr | ₹1,849.9 | 175.9 | 7.05 | 3.5% | 0.01 | +21.5% | +50.5% |
| LG Electronics India Limited | ₹1.11 L Cr | ₹1,652.9 | 60.6 | 14.42 | 22.0% | 0.06 | +1.3% | — |
| Oracle Financial Services Software Limited | ₹1.01 L Cr | ₹11,896 | 29.7 | 12.93 | 33.7% | 0.00 | +12.1% | +29.7% |
| Persistent Systems Limited | ₹85,505.25 Cr | ₹5,416 | 44.7 | 10.91 | 23.8% | 0.06 | +23.5% | -2.7% |
| Dixon Technologies (India) Limited | ₹80,805.72 Cr | ₹13,005 | 43.3 | 17.28 | 30.8% | 0.21 | +25.8% | -29.1% |
| Coforge Limited | ₹79,425.97 Cr | ₹1,841 | 36.8 | 8.33 | 16.3% | 0.08 | +35.8% | +0.9% |
Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 15
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
47 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Nifty IT jumps over 5%: Why are HCLTech, Infosys, LTM & other IT stocks soaring? Key reasons explained
LTM Limited's stock rose over 6% as the Nifty IT index jumped more than 5% on Tuesday. This rally in Indian IT stocks occurred amid growing concerns from major AI company executives about the rapid pace and risks of artificial intelligence development. Analysts suggest a slower AI development pace could indirectly benefit Indian IT firms.