LTIMindtree - From Challenger To Dominator: IDBI Capital

Combined entity capable of end to end transformation

<div class="paragraphs"><p>LTIMindtree building. (Source: Company's official fb page)</p></div>
LTIMindtree building. (Source: Company's official fb page)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

IDBI Capital Report

The key highlight of LTIMindtree Ltd.'s analyst meet is that it aspires to grow above the 15% compound annual growth rate as witnessed in the past.

The company also plans to add $1 billion of synergy benefits in revenues. LTIMindree aims to achieve the same by cross sell to clients (i.e the company has potential to sell nine services to its 374 $1 million clients), taping cybersecurity growth (expected to grow 10-15 times in two-three years), intellectual property and large deals.

It also aims to achieve 17-18% margins in the medium term and post that further 200 basis points improvement by FY27E led by synergy benefits.

However, considering the challenges in medium term (led by bank crisis in U.S.) we expect 13.5% CAGR growth in revenues over FY23E-FY25E and margins of 18% by FY25E.

Click on the attachment to read the full report:

IDBI Capital LTIM Company Update.pdf
LTIMindtree - Integration In Place, Synergy In Progress: Motilal Oswal


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.