MarketFriction

LTM Ltd

NSE LTM · BSE 540005 · Computers - Software & Consulting
₹4,007.00 -0.94%
NSE close2026-10-01
52 week range3,528.00 - 6,429.50
Market cap₹1,16,750 Cr.
P/E20.8
IPO 2016 · +464% since Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty IT No price band Delivery 38.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8,9059,0178,8939,1439,4339,6619,7729,84110,39410,78111,29211,608
Expenses7,2747,4327,3577,5367,7348,0688,1768,1918,4648,7789,3199,547
Operating Profit1,6311,5851,5361,6061,6991,5931,5961,6491,9302,0031,9732,061
OPM %18%18%17%18%18%16%16%17%19%19%17%18%
Other Income143220208227299212251392300-363237255
Interest476168727069677269696576
Depreciation208199227235241264251243282266264261
Profit before tax1,5191,5451,4481,5261,6871,4721,5291,7261,8791,3051,8811,978
Tax %24%24%24%26%26%26%26%27%26%26%26%26%
Net Profit1,1621,1691,1011,1351,2521,0871,1291,2551,3819601,3871,469
EPS in Rs39.2639.4937.1438.2842.2436.6338.0942.3247.2732.7446.9649.43
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,8466,5017,3069,44610,87912,37026,10933,18335,51738,00842,30844,075
Expenses4,8195,2716,1197,5628,8499,64520,86027,07529,13031,51334,75236,109
Operating Profit1,0281,2301,1871,8832,0292,7255,2496,1086,3876,4957,5557,966
OPM %18%19%16%20%19%22%20%18%18%17%18%18%
Other Income187187426302329274766557702990566430
Interest6316118379123150222279276280
Depreciation1741781561472733325977238199921,0541,072
Profit before tax1,0351,2361,4422,0282,0032,5885,2945,7926,0496,2146,7917,043
Tax %19%21%23%25%24%25%25%24%24%26%27%
Net Profit8369711,1121,5161,5201,9383,9504,4104,5854,6024,9835,197
EPS in Rs49.2556.9164.6587.3787.30110.79225.27149.02154.72155.21169.25176.40
Dividend Payout %72%29%33%32%32%36%41%40%42%42%44%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth22%28%8%14%
Compounded Profit Growth20%23%7%19%
Stock Price CAGR20%-7%-9%-24%
Return on Equity27%26%23%23%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161717171717183030303030
Reserves2,0102,1083,1273,8434,8765,3877,28614,25816,56219,98822,66923,995
Borrowings218550009127982583542,0712,1872,310
Other Liabilities7349581,2731,4771,7702,4992,6046,0276,5355,4565,71210,814
Total Liabilities2,9783,1374,4175,3376,6648,81510,70620,57223,48127,54430,59837,148
Fixed Assets6836385426819301,9201,9063,4733,6794,9815,2855,626
CWIP252017125966503902551681922
Investments104439411,2641,7402,2193,7306,0485,4588,7449,84512,568
Other Assets2,1662,4372,9343,3853,9824,6175,00410,54813,44213,26914,78718,033
Total Assets2,9783,1374,4175,3376,6648,81510,70620,57223,48127,54430,59837,148
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6428581,1708441,3951,6442,4003,2513,0955,6704,5464,799
Cash from Investing Activity-103-40-961-452-749-643-1,657-1,643-271-3,918-1,729-1,604
Cash from Financing Activity-497-817-33-408-594-890-509-1,680-1,932-2,269-2,574-2,926
Net Cash Flow422176-1652110234-73892-518242269
Free Cash Flow4487441,1017461,2421,4012,1332,1982,1604,8363,6123,890
CFO/OP91%109%115%101%99%101%112%88%76%113%95%88%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days807366707178616462595664
Inventory Days
Days Payable
Cash Conversion Cycle807366707178616462595664
Working Capital Days584943605342333744363926
ROCE %48%47%46%42%47%37%37%48%38%32%28%30%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.66%68.64%68.60%68.60%68.60%68.57%68.57%68.56%68.54%68.53%68.52%68.49%
FIIs8.11%8.65%7.86%7.28%7.39%7.45%7.00%6.62%6.40%6.51%6.63%6.31%
DIIs12.87%12.85%13.48%14.12%14.79%14.88%15.51%16.10%16.57%16.80%16.90%16.73%
Government0.08%0.08%0.10%0.12%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%
Public10.27%9.78%9.95%9.86%9.09%8.96%8.82%8.60%8.35%8.02%7.82%8.30%
Others0.00%0.00%0.00%0.03%0.02%0.03%0.00%0.01%0.02%0.03%0.01%0.04%
No. of Shareholders5,12,5604,83,4435,03,9655,03,4444,49,9724,40,9774,33,3774,18,4554,05,5673,80,1393,75,3513,97,187

Fundamentals

Market Cap₹ 1,16,750 Cr.
Current Price₹ 3,936
Stock P/E20.8
Book Value₹ 810
ROCE29.6 %
ROE23.1 %
Dividend Yield1.91 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)19%
Consolidated figures.
Valuation
Market capRs 118,792 Cr
Enterprise valueRs 118,290 Cr
P/E (TTM)22.71x
Price to book4.94x
Price to sales2.70x
EV / EBITDA14.09x
EV / EBIT16.15x
EV / sales2.68x
Price to cash flow24.75x
Earnings yield4.40%
Dividend yield1.87%
P/E, 3-year average28.18x
P/B, 3-year average6.04x
P/E, 5-year average32.51x
P/B, 5-year average7.87x
Profitability
Operating margin (excl. other income)17.86%
Operating margin (incl. other income)19.20%
EBITDA margin19.05%
Pre-tax margin15.98%
Net profit margin11.87%
Net margin, latest quarter12.63%
ROE21.48%
ROCE27.60%
ROA14.81%
ROE, 3-year average22.68%
ROCE, 3-year average29.12%
ROA, 3-year average16.20%
ROE, 5-year average26.63%
ROCE, 5-year average34.59%
ROA, 5-year average18.77%
ROIC (approx.)22.84%
Tax rate26.63%
Other income / net worth2.36%
Growth
Sales growth (latest year)11.31%
Profit growth (latest year)9.12%
Sales CAGR, 3 years8.43%
Sales CAGR, 5 years27.88%
Profit CAGR, 3 years4.41%
Profit CAGR, 5 years20.98%
Sales growth QoQ2.80%
Profit growth QoQ5.31%
Sales growth YoY (latest quarter)17.96%
Profit growth YoY (latest quarter)16.92%
Per share
EPS (TTM)Rs 176.42
EPS (latest year)Rs 169.27
EPS (latest quarter)Rs 49.46
EPS, 3-year averageRs 159.81
EPS, 5-year averageRs 152.40
Book value per shareRs 810.39
Sales per shareRs 1,486.70
Cash flow per shareRs 161.87
Free cash flow per shareRs 131.21
Dividend per share (latest year)Rs 74.88
Dividend per share, 3-year averageRs 68.29
Dividend per share, 5-year averageRs 64.00
Dividends
Dividend payout44.24%
Dividend payout, 3-year average42.69%
Dividend payout, 5-year average41.92%
Efficiency
Asset turnover1.14x
Fixed asset turnover7.52x
Inventory turnover1978.85x
Inventory days0 days
Debtor days64 days
Debtors turnover5.70x
Cash conversion cycle64 days
Working capital days26 days
Leverage
Total debtRs 2,310 Cr
Cash and bankRs 2,812 Cr
Net debtRs -502 Cr
Debt to equity0.10x
Net debt / EBITDA-0.06x
Interest coverage26.14x
Current ratio (filing 2026-03-31)2.83x
Quick ratio (filing 2026-03-31)2.83x
Trade payables (filing 2026-03-31)Rs 2,061 Cr
Owners' fund to total sources64.67%
Debt to assets6.22%
Cash flow
Cash from Operating Activity (latest year)Rs 4,799 Cr
Cash from Investing Activity (latest year)Rs -1,604 Cr
Cash from Financing Activity (latest year)Rs -2,926 Cr
Net Cash Flow (latest year)Rs 269 Cr
Free cash flow (latest year)Rs 3,890 Cr
FCFE (approx.: FCF + change in debt)Rs 4,013 Cr
Cash from ops / profit, 5 years0.95x
Sales to cash flow8.82x
Statement figures
Net sales (TTM)Rs 44,075 Cr
Net sales (latest year)Rs 42,308 Cr
Sales (latest quarter)Rs 11,608 Cr
Operating profit excl. other income (latest year)Rs 7,555 Cr
Operating profit (latest quarter)Rs 2,061 Cr
Other income (TTM)Rs 430 Cr
EBITDA (TTM)Rs 8,396 Cr
PBDT (TTM)Rs 8,116 Cr
Profit before tax (TTM)Rs 7,043 Cr
Tax (latest year)Rs 1,808 Cr
Net profit (TTM)Rs 5,230 Cr
Net profit (latest year)Rs 5,018 Cr
Net profit (latest quarter)Rs 1,466 Cr
Depreciation (TTM)Rs 1,072 Cr
Depreciation (latest quarter)Rs 261 Cr
Interest (TTM)Rs 280 Cr
Cost of goods sold (latest year)Rs 6,530 Cr
Total expenditure (latest year)Rs 34,752 Cr
Total income (latest year)Rs 42,874 Cr
Share capitalRs 30 Cr
ReservesRs 23,995 Cr
Shareholders' fundsRs 24,025 Cr
Total assetsRs 37,148 Cr
Net blockRs 5,626 Cr
Capital work in progressRs 922 Cr
InvestmentsRs 12,568 Cr
ReceivablesRs 7,425 Cr
InventoryRs 3 Cr
Other liabilitiesRs 10,814 Cr
Shares outstanding (crore)29.65
Ownership
Promoter holding68.49% (-0.07 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.7 is at the 1th percentile of its own 9.4-year range (median 36.3, low 20.9, high 112.3).
P/B 4.94 is at the 1th percentile (median 9.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodLTMNifty 50Difference
1 week-0.8%-2.8% +2.0 pts
1 month-13.4%-6.8% -6.6 pts
3 months+6.6%-7.6% +14.2 pts
6 months-0.2%+0.4% -0.6 pts
1 year-23.1%-9.9% -13.2 pts
2 years-36.7%-13.6% -23.1 pts
3 years-23.1%+14.2% -37.3 pts
5 years-30.3%+27.9% -58.2 pts
176 mutual fund schemes hold about ₹5,332 Cr. Over three months 136 bought more and 24 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Large & Midcap Fund1.89%799 +16%
UTI Flexi Cap Fund2.21%535 +1%
ICICI Pru Technology Fund2.71%370 -13%
UTI Large Cap Fund1.85%226 +62%
Aditya Birla SL Digital India Fund4.80%197 +5%
SBI Technology Opp Fund4.16%187 -11%
ICICI Pru Nifty Next 50 Index Fund1.66%168 +16%
Tata Digital India Fund1.59%162 +84%
Aditya Birla SL Value Fund2.21%153 +21%
UTI Nifty Next 50 Index Fund1.66%125 +16%
Nippon India Value Fund1.38%124 +19%
SBI ESG Exclusionary Strategy Fund2.29%123 +20%
Quant Large & Mid Cap Fund2.96%103 +100%
UTI Value Fund0.98%94 +261%
Tata Ethical Fund2.23%86 +14%
Quant ELSS Tax Saver Fund0.57%77 +100%
UTI Focused Fund3.10%77 +100%
Quant Quantamental Fund4.39%72 +100%
HDFC Multi Cap Fund0.33%68 +18%
SBI Multi Asset Allocation Fund(A0.29%61 +11%
HDFC Large & Mid Cap Fund0.19%58 +16%
HSBC Flexi Cap Fund0.90%54 +13%
Edelweiss Flexi Cap Fund1.42%53 +524%
UTI ULIP 10Y1.03%53 +10%
Mahindra Manulife Multi Cap Fund0.61%47 -35%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-03-07SIVAKUMAR EKAMBARAMEmployees/Designated Employesell252Rs 0.12 CrMarket Sale
2025-03-05KRISHNA GOLLAPUDIEmployees/Designated Employesell1,269Rs 0.61 CrMarket Sale
2025-03-05SIVAKUMAR EKAMBARAMEmployees/Designated Employeother672Rs 0.00 CrESOP
2025-03-03VENKATESWARAN RAMASESHANEmployees/Designated Employesell271Rs 0.13 CrMarket Sale
2025-03-03VENKATESWARAN RAMASESHANEmployees/Designated Employesell291Rs 0.14 CrMarket Sale
2025-03-01KRISHNA GOLLAPUDIEmployees/Designated Employeother1,146Rs 0.00 CrESOP
2025-03-01KRISHNA GOLLAPUDIEmployees/Designated Employeother2,000Rs 0.00 CrESOP
2025-02-28VENKATESWARAN RAMASESHANEmployees/Designated Employesell232Rs 0.11 CrMarket Sale
2025-02-28VENKATESWARAN RAMASESHANEmployees/Designated Employesell232Rs 0.11 CrMarket Sale
2025-02-25ANINDYA BAKSHIEmployees/Designated Employeother6,584Rs 3.27 CrRevokation of Pledge
2025-02-20VENKATESWARAN RAMASESHANEmployees/Designated Employesell152Rs 0.08 CrMarket Sale
2025-02-20VENKATESWARAN RAMASESHANEmployees/Designated Employeother152Rs 0.08 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹11,608 Cr +18.0% vs Jun 2025. Net profit ₹1,469 Cr +17.1%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Tata Consultancy Services Ltd735,34013.763.0 %
Infosys Ltd412,07713.240.0 %
HCL Technologies Ltd331,61018.330.4 %
Wipro Ltd155,30411.817.8 %
Tech Mahindra Ltd148,05327.823.1 %
Persistent Systems Ltd81,43140.934.4 %
Coforge Ltd76,29139.823.5 %
Mphasis Ltd41,13821.222.1 %
Hexaware Technologies Ltd29,45720.830.1 %
Tata Elxsi Ltd20,01128.430.0 %
KPIT Technologies Ltd14,24722.826.3 %
IDream Film Infrastructure Company Ltd13,309%
Fractal Analytics Ltd13,07639.412.6 %
ASM Technologies Ltd10,02013727.0 %
Rategain Travel Technologies Ltd9,83837.613.9 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-05-25Dividend - Rs 53 Per Share
2025-10-24Interim Dividend - Rs 22 Per Share
2025-05-23Dividend - Rs 45 Per Share
2024-10-25Interim Dividend - Rs 20 Per Share
2024-06-19Dividend - Rs 45 Per Share
2023-10-27Interim Dividend - Rs 20 Per Share
2023-07-10Dividend - Rs 40 Per Share
2023-01-31Interim Dividend - Rs 20 Per Share
2022-06-30Dividend- Rs 30 Per Share
2021-10-25 Interim Dividend - Rs 15 Per Share
2021-07-30 Special Dividend - Rs 10 Per Share
2021-07-01 Dividend - Rs 25 Per Share
2020-10-27 Interim Dividend -Rs 15 Per Share
2020-07-09 Annual General Meeting/Dividend - Rs 15.50 Per Share
2019-10-24 Interim Dividend - Rs 12.50 Per Share
2019-07-11 Dividend - Rs 15.50 Per Share
2018-10-31 Interim Dividend - Rs 12.50 Per Share
2018-08-14 Annual General Meeting/Dividend Rs 13.50 Per Share
2017-11-13 Interim Dividend - Rs 8/- Per Share (Purpose Revised)
2017-08-14 Annual General Meeting/Dividend - Rs 9.70 Per Share
2016-11-17 Interim Dividend Rs 6.85 Per Share (Purpose Revised)
DateTypeWhat it says
2026-09-30Press ReleaseA press release dated September 30, 2026, titled "Carrier and PHINIA Recognized with ISG Paragon Awards North America 2026 for Transformation Delivere...
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "LTM Introduces BlueVerseTM OneToken with Harnessing Capabilities to Optimize Token Spend.".
2026-09-23Press ReleaseA press release dated September 23, 2026, titled "LTM Launches BlueVerseTM SovereignSphereTM Models to Help Enterprises Own Their AI Advantage".
2026-09-21Press ReleaseA press release dated September 21, 2026, titled "LTM Collaborates with Shekhar Kapur to Reimagine AI-Powered Storytelling".
2026-09-17Press ReleaseA press release dated September 17, 2026, titled "LTM Honoured with Avasant Digital Masters Award 2026 ".
2026-09-09Press ReleaseA press release dated September 09, 2026, titled "LTM Collaborates with IBM and Red Hat on Lightwell to Advance AI-Driven Open-Source Software Remedia...
2026-09-04Concall / analyst meetSchedule of meet
2026-09-04General UpdatesReceipt of No-objection letters from the Stock Exchanges for Reclassification of Nabha Power Limited from the Promoter Group to Public Category
2026-08-27Press ReleaseA press release dated August 27, 2026, titled "LTM Inaugurates its New Global Delivery & AI Competency Center in Kolkata Reinforces L&T Group s Long-T...
2026-08-24Concall / analyst meetSchedule of meet
2026-08-22General UpdatesUpdate on acquisition informed earlier vide letter dated May 22, 2026
2026-08-14UpdatesSubmission of Sustainability report for FY 2025-26.
2026-08-12Concall / analyst meetSchedule of Analyst/Institutional Investor Meeting
2026-08-11General UpdatesESG Rating issued by NSE Sustainability Ratings & Analytics Limited
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "LTM Collaborates with Chainguard to Strengthen Software Supply Chain Security through BlueVerse RightL...
2026-08-06Concall / analyst meetSchedule of Analyst/Institutional Investor Meeting
2026-07-27Press ReleaseA press release dated July 27, 2026, titled "LTM and Cognition Partner to Reduce Cyber Risk in Financial Services with Devin".
2026-07-17Press ReleaseA press release dated July 17, 2026, titled "LTM Partners with Glean to Accelerate Enterprise AI Adoption".
2026-07-16Concall / analyst meetTranscript
2026-07-16UpdatesESG Rating issued by SES ESG Research Private Limited..
2026-07-15UpdatesSubmission of application to stock exchanges under Regulation 31A of SEBI LODR.
2026-07-15Press ReleaseA press release dated July 15, 2026, titled "LTM to account for the largest implementations as L&T drives an AI powered Workplace Transformation with ...
2026-07-13Press ReleaseA press release dated July 13, 2026, titled "LTM Partners with Anthropic to Accelerate Claude Adoption and Expand Enterprise Delivery".
2026-07-12Concall / analyst meetSubmission of Link of Recording Of Earnings Conference Calls Held On July 11, 2026
2026-07-11UpdatesRelease of a Shareholder satisfaction survey via email communication today.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.74
Max pain (expiry 2026-10-27)4,000
Largest call open interest at4,000
Largest put open interest at4,000
Implied volatility, at the money37.7%
Underlying at snapshot4,007.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30258
2026-09-291,050
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of LTM Ltd?

LTM Ltd (LTM) has a market capitalisation of Rs 1,16,750 Cr. at the 2026-10-01 close.

What is the P/E ratio of LTM Ltd?

LTM Ltd trades at a P/E of 20.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were LTM Ltd's latest quarterly results?

In the Jun 2026 quarter, LTM Ltd sales was Rs 11,608 Cr (+18.0% vs Jun 2025) and net profit was Rs 1,469 Cr.

What is the 52-week high and low of LTM Ltd?

The 52-week high is Rs 6,429.50 and the 52-week low is Rs 3,528.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03