Table of Contents

Larsen Toubro Infotech Ltd

Updated on April 12, 2019

Stock/Share Code - LTI

Larsen & Toubro Infotech 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.

Below is the details of LTI Larsen Toubro Infotech Ltd

Market Cap	₹29,826 Cr.
Current Price	₹1,650.2 as on 18 Apr 19
52 Week High / Low Price	₹1,990 / ₹1,270
Face Value	₹1
Stock P/E	20.77
Book Value	₹220.18
Dividend Yield	1.24 %
ROCE	42.07 %
ROE	32.96 %
Sales Growth (3yrs)	13.33 %
Sector	IT - Software
Industry	Computers - Software - Medium / Small
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company is virtually debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 37.16% Company has been maintaining a healthy dividend payout of 44.02%

Cons: Stock is trading at 7.81 times its book value

Larsen Toubro Infotech Ltd Price Chart

Larsen Toubro Infotech Ltd Peer Comparison in IT - Software

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	L & T Infotech	₹146.55	20.77	₹29,825.51 Cr.	1.24	₹362.7 Cr.	35.69	31.06	2330.50	42.07
2.	L & T Infotech	₹146.55	20.91	₹29,825.51 Cr.	1.24	₹375.5 Cr.	32.83	31.27	2472.90	39.50
3.	Mindtree	₹968.5	20.22	₹14,923.78 Cr.	1.21	₹191.2 Cr.	35.12	29.72	1787.20	26.55
4.	L&T Technology	₹146.55	21.80	₹15,973.84 Cr.	1.03	₹185.6 Cr.	46.95	35.89	1316.90	37.86
5.	Hexaware Tech.	₹337.4	18.37	₹10,559.53 Cr.	1.12	₹123.44 Cr.	2.04	24.64	1252.42	34.25
6.	Cyient	₹587.35	17.27	₹7,259.73 Cr.	2.02	₹92.3 Cr.	1.74	20.79	1187.70	22.87
7.	Brightcom Group	₹3.3	0.35	₹142.88 Cr.	0.00	₹84.03 Cr.	8.65	6.53	473.91	22.46
8.	NIIT Tech.	₹104.6	21.25	₹8,157.61 Cr.	1.13	₹100.2 Cr.	32.54	28.45	971.70	23.58

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Larsen Toubro Infotech Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018
Sales	1,476	1,472	1,525	1,594	1,593	1,589	1,656	1,778	1,883	2,033	2,210	2,330
YOY Sales Growth %	%	15.51%	8.75%	12.49%	7.93%	7.96%	8.63%	11.58%	18.22%	27.97%	33.44%	31.06%
Expenses	1,226	1,195	1,256	1,322	1,312	1,343	1,403	1,497	1,616	1,647	1,771	1,866
Employee Cost %	58.54%	59.01%	58.43%	58.32%	57.05%	59.92%	62.6%	59.05%	58.2%	58.74%	57.55%	57.14%
Operating Profit	250	277	268	272	281	246	253	282	267	387	439	464
OPM %	17%	19%	18%	17%	18%	15%	15%	16%	14%	19%	20%	20%
Other Income	80	38	45	61	54	143	137	92	153	103	118	39
Interest	1	0	0	1	1	4	4	3	4	2	1	1
Depreciation	26	25	29	30	25	23	24	24	20	22	22	22
Profit before tax	302	289	284	302	309	362	363	347	396	466	534	480
Tax %	19%	21%	20%	22%	21%	21%	21%	23%	19%	25%	24%	25%
Net Profit	245	229	228	236	245	285	287	267	321	347	405	363
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Sales	1,278	1,649	1,951	1,777	2,284	2,960	3,613	4,644	4,744	5,568	6,183	6,906	8,457
Sales Growth %	61.09%	29.06%	18.27%	-8.92%	28.53%	29.59%	22.09%	28.52%	2.16%	17.37%	11.03%	11.7%	%
Expenses	1,075	1,375	1,632	1,446	1,917	2,340	2,809	3,579	3,789	4,643	5,085	5,858	6,900
Material Cost %	0.29%	0.18%	0.29%	0.45%	0%	0%	0%	0%	0%	0%	0%	0%	%
Manufacturing Cost %	2.96%	16.32%	18.08%	9.17%	10.58%	9.29%	9.67%	10.61%	11.3%	13.49%	14.71%	15.78%	%
Employee Cost %	54.61%	50.54%	50.53%	59.64%	61.98%	59.81%	58.35%	56.97%	59.15%	60.62%	58.18%	59.87%	%
Other Cost %	26.27%	16.31%	14.78%	12.13%	11.4%	9.97%	9.71%	9.48%	9.41%	9.26%	9.35%	9.18%	%
Operating Profit	203	275	319	331	366	619	805	1,065	955	926	1,098	1,048	1,557
OPM %	16%	17%	16%	19%	16%	21%	22%	23%	20%	17%	18%	15%	18%
Other Income	3	8	25	35	71	9	17	137	88	228	198	525	412
Interest	3	3	8	3	9	36	20	30	10	6	3	14	7
Depreciation	33	37	45	48	60	57	62	68	91	103	109	91	85
Profit before tax	171	243	289	315	369	536	739	1,104	943	1,044	1,184	1,468	1,877
Tax %	11%	13%	8%	11%	15%	24%	24%	18%	18%	18%	21%	21%
Net Profit	151	211	265	281	313	405	562	902	773	856	938	1,160	1,436
EPS in Rs											54.83	67.45
Dividend Payout %	10%	7%	6%	29%	48%	63%	54%	61%	62%	70%	30%	32%

Compounded Sales Growth

10 Years:: 15.40%
5 Years:: 13.83%
3 Years:: 13.33%
TTM:: 27.82%

Compounded Profit Growth

10 Years:: 17.98%
5 Years:: 14.47%
3 Years:: 12.59%
TTM:: 32.49%

Return on Equity

10 Years:: 39.98%
5 Years:: 40.16%
3 Years:: 37.16%
TTM:: 32.96%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2018
Share Capital	16	16	16	16	16	16	16	16	16	17	17	17	17
Equity Capital	15.5	15.72	15.84	16.13	16.13	16.13	16.13	16.13	16.13	17	17.1	17.2
Reserves	317	523	554	943	1,100	1,012	1,217	1,452	1,909	1,947	2,960	3,701	3,802
Borrowings	153	142	156	45	238	249	207	107	218	55	0	0	0
Other Liabilities	210	298	578	452	548	708	750	935	820	993	1,382	1,475	1,601
Trade Payables	132.74	138.6	439.7	295.68	171.93	172.07	189.14	225.57	252.85	338.3	335.4	370.8	467
Total Liabilities	697	979	1,304	1,456	1,902	1,985	2,190	2,511	2,963	3,012	4,359	5,194	5,420
Fixed Assets	131	155	165	162	192	247	254	294	337	320	286	273	267
Gross Block	282.58	342.75	382.4	421.44	506.43	608.2	656.62	708.39	791.03	548	588.9	653.9
Accumulated Depreciation	151.42	187.53	217.62	259.59	314.77	361.04	402.45	414.13	453.78	227.6	303	381.2
CWIP	6	3	7	23	20	28	78	51	24	19	1	7	7
Investments	123	192	223	281	511	439	424	455	458	322	1,231	1,560	1,620
Other Assets	436	630	910	990	1,180	1,270	1,433	1,711	2,144	2,350	2,841	3,354	3,526
Trade receivables	279.34	348.93	416.2	360.73	466.2	626.67	723.4	849.58	1031.44	1101.1	1122.6	1327.5	1750.7
Cash Equivalents	30.5	53.81	111.54	153.97	131.28	122.94	113.59	145.54	133.43	122.2	190.6	249.8	286.5
Loans n Advances	126.46	226.76	382.29	475.31	404.25	384.62	403.29	462.75	740.78	868.7	1111.1	1476.3	49.2
Total Assets	697	979	1,304	1,456	1,902	1,985	2,190	2,511	2,963	3,012	4,359	5,194	5,420

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	127	142	164	300	269	325	483	613	580	765	1,047	711
Profit from operations	184.11	347.96	353.85	325.78	382.63	553.87	726.5	896.56	970.25	1115.6	1332.2	1436.6
Working Capital Changes	-42.47	-186.5	-149.11	48.63	-40.08	-125.68	-39.49	-70.13	-125.48	-92	-44.3	-396.8
Taxes paid	-14.34	-19.93	-40.89	-74.51	-74.01	-103.23	-204.09	-213.34	-264.3	-258.4	-240.7	-328.9
Cash from Investing Activity	-106	-140	-90	-135	-298	-36	-91	162	-98	38	-935	-244
Fixed Assets Purchased	-50.43	-58.44	-60.21	-66.04	-90.79	-123.22	-124.48	-95.79	-111.42	-96	-61.9	-87.8
Fixed Assets Sold	0.01	0.72	0.23	5.8	5.71	2.71	5.64	15.44	2.5	14.9	4.1	3.2
Investments purchased	-56.75	-69.12	-3325.49	-45.46	0	0	0	-112.43	0	62.7	-897.8	-301.7
Investments sold	0	0	3306.19	0	61.57	79.8	24.28	0	89.94	4.6	19.4	51.6
Cash from Financing Activity	-10	22	-16	-123	6	-297	-402	-743	-495	-817	-44	-408
Proceeds from Shares	53	20.25	16.18	29.81	0	0	0	0	0	6.9	0.4	0.3
Proceeds from Borrowings	0	6.21	9.85	0	194.77	6.43	0	0	104.01	0	0	0
Repayment of Borrowings	-42.91	0	0	-67.21	0	0	-44.54	-98.46	0	0	0	0
Interest Paid	-2.97	-2.23	-8.28	-2.75	-6.29	-48.95	-53.98	-93.55	-118.18	-5.8	-3.2	-13.8
Dividends Paid	-15.01	-2.1	-31.45	-80.11	-151.58	-254.78	-303.15	-551.48	-480.53	-546.7	-161	-303.4
Net Cash Flow	11	23	58	42	-23	-8	-9	32	-12	-14	68	59

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Ratios

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROCE %	44%	42%	41%	35%	32%	43%	56%	61%	51%	51%	47%	42%
Debtor Days	80	77	78	74	75	77	73	67	79	72	66	70
Inventory Turnover

Announcements & News

Recent Announcements

Announcement under Regulation 30 (LODR)-Acquisition | Feb. 14, 2019
Announcement under Regulation 30 (LODR)-Acquisition | Feb. 14, 2019
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | Feb. 8, 2019
Loss of Share Certificate / Issue of Duplicate Share Certificate | Feb. 6, 2019
Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Jan. 28, 2019

Credit Ratings

Annual Reports

Financial Year 2018 | from bse
Financial Year 2017 | from bse

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