LTIMindtree Shares: Dolat Capital Revises Rating To 'Add' Post Inline Q1 Results — Check Target Price

LTIMIndtree's Q1 order inflow stood at $1.63 billion, up 17% YoY, marking the third consecutive quarter sustaining above $1.5 billion TCV levels. A notable win included their largest-ever AI-led deal with a global agri-business player ($450 million in TCV)..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Dolat Capital Report.For FY26, LTIMindtree Ltd. is expected to experience a steady year with an optimistic outlook from management. Although growth expectations have lowered in the absence of significant growth drivers. The company’s recent deal wins, strong deal pipeline, and execution rigour will support this optimism, and we remain watchful of the performance. LTIMindtree is well placed amongst the top Tier companies and accordingly, we value the stock at 29x on FY27E earnings of Rs 196, largely retaining our estimates and target price of Rs 5,700 per share. But based on recent price run-up, we revise our rating to ‘Accumulate’.LTIMindtree reported a mild constant currency revenue growth of 0.8% QoQ (in line with our estimate: +0.8%), with a broad-based flattish growth across all verticals. Operating profit margin was up 50 bps QoQ at 14.3%, improvement (~100bps) was driven by Fit4Future initiatives, partly offset by visa seasonality and forex. While there was no specific guidance for FY26, LTIMindtree remains optimistic about deal win opportunities (total contract value remained strong at $1.63 billion for Q4 – trailing twelve months TCV up 11% YoY) as management highlighted strengthening large deal capabilities under centralized leadership, with robust pipeline and improved win rates. LTIMindtree remains our preferred pick among tier I names, supported by healthy deal wins, strong pipeline and optimism on navigating FY26 despite macro challenges. .Click on the attachment to read the full report:.Axis Bank, Wipro, LTIMindtree, Angel One, Indian Hotels, Clean Science Q1 Results Review — HDFC Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

LTIMindtree Shares: Dolat Capital Revises Rating To 'Add' Post Inline Q1 Results — Check Target Price

Given some recent surge in price, Dolat Capital revises rating to ‘Accumulate’.

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