We set our sights on LTIMindtree, a major leader in the technology services sector, as we begin off on an adventurous journey through the thrilling world of investment. The future seems bright as we look into the crystal ball and forecast the share price targets for LTIMindtree from 2023 to 2030.
Will it be worthwhile to buy this share? Is LTIMindtree a reliable investment? Let’s explore the important elements that will influence this vibrant company’s future as we go into the depths of financial projections. Find out what the future’s possible growth trajectory, sales outlook, and profit forecasts are.
Get ready for an exciting journey as we investigate LTIMindtree’s share price targets and decide whether the company truly is a hidden gem waiting to be discovered in the stock market.
Contents
About LTIMindtree
LTI Mindtree Limited is a leading Indian multinational IT services and consulting company headquartered in Mumbai. Established in 1996, it operates as a subsidiary of Larsen & Toubro, a prominent conglomerate. With a workforce of over 82,000 employees, LTI Mindtree is renowned as one of the top Big Tech firms in the industry.
The IT company provides a wide range of information technology services and solutions to clients globally. Under the leadership of CEO Debashis Chatterjee, LTI Mindtree has achieved substantial growth and success. In the fiscal year 2023, it generated revenue of 33,183 crores INR (approximately US$4.2 billion). Notable subsidiaries of LTI Mindtree include Larsen & Toubro Infotech LLC and more.
LTIMindtree Q1Fy2024 Earning Analysis
LTIMindtree published Q1FY2024 earnings on 17th July 2023. Here’s the summary:
- LTI Mindtree reported strong financial performance with revenue reaching $1,058.7 million, marking a YoY growth of 8.1% in USD terms.
- The company’s net profit stood at $140.1 million, experiencing a slight decline of 1.2% YoY.
- In INR terms, LTI Mindtree recorded a robust revenue growth of 13.8%, amounting to Rs.87,021 million, while net profit increased by 4.1% YoY to Rs.11,523 million.
- The company witnessed significant revenue growth in various industry sectors, including a 37.5% growth in BFSI, 17.3% growth in Manufacturing & Resources, and 23.7% growth in Hi-Tech, Media & Entertainment.
- LTI Mindtree secured several key deals, including contracts for application development and maintenance, infrastructure managed services, digital transformation, business process re-engineering, and SAP managed services.
Below are the trading platforms that you can use to purchase LTIMindtree shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2023 | ₹5,275.20 | ₹4,427.08 |
| August 2023 | ₹5,472.72 | ₹4,709.78 |
| September 2023 | ₹5,746.36 | ₹4,920.27 |
| October 2023 | ₹5,472.72 | ₹4,709.78 |
| November 2023 | ₹6,019.99 | ₹4,930.76 |
| December 2023 | ₹6,742.39 | ₹5,586.45 |
IndusInd bank’s maximum and minimum prices for each month indicate the potential range of the stock’s value. The prices show an overall bullish trend, with a steady increase from July to December. The growth percentage is significant, as the maximum price rises from ₹5,275.20 to ₹6,742.39. This indicates a positive market sentiment and suggests potential opportunities for investors. The uptrend reflects the company’s positive performance and market demand for its shares. Overall, the projected share prices for LTIMindtree in 2023 indicate a promising outlook for the company.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹7,097.25 | ₹5,459.43 |
| February 2024 | ₹7,974.44 | ₹6,645.37 |
| March 2024 | ₹8,394.15 | ₹6,824.51 |
| April 2024 | ₹7,631.05 | ₹5,870.03 |
| May 2024 | ₹6,359.20 | ₹4,891.70 |
| June 2024 | ₹7,631.05 | ₹5,870.03 |
| July 2024 | ₹6,486.39 | ₹5,028.21 |
| August 2024 | ₹7,135.03 | ₹5,662.72 |
| September 2024 | ₹7,491.78 | ₹5,762.91 |
| October 2024 | ₹8,813.86 | ₹6,779.89 |
| November 2024 | ₹9,254.55 | ₹7,118.88 |
| December 2024 | ₹9,439.64 | ₹7,261.26 |
The projected share price targets for LTIMindtree in 2024 indicate a mix of bullish and bearish trends. The maximum and minimum prices for each month provide a range within which the stock’s value is expected to fluctuate. The year begins with a maximum price of ₹7,097.25 and a minimum price of ₹5,459.43, suggesting potential returns for investors. However, as the year progresses, there is a slight dip in prices during May and July, indicating a bearish sentiment. Despite these dips, the overall trend remains positive, with prices recovering and reaching higher levels towards the end of the year. The maximum share price target for 2024 is ₹9,439.64, while the minimum is ₹4,891.70.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹9,628.43 | ₹7,406.49 |
| February 2025 | ₹10,135.19 | ₹7,796.30 |
| March 2025 | ₹10,641.95 | ₹8,186.12 |
| April 2025 | ₹9,501.74 | ₹7,309.03 |
| May 2025 | ₹8,637.95 | ₹6,644.58 |
| June 2025 | ₹9,501.74 | ₹7,309.03 |
| July 2025 | ₹9,049.28 | ₹6,960.98 |
| August 2025 | ₹9,426.33 | ₹7,251.03 |
| September 2025 | ₹9,897.65 | ₹7,613.58 |
| October 2025 | ₹10,491.51 | ₹8,070.39 |
| November 2025 | ₹11,225.91 | ₹8,635.32 |
| December 2025 | ₹11,450.43 | ₹8,808.03 |
The share price targets for LTIMindtree in 2025 suggest a mix of bullish and bearish sentiments. The maximum and minimum prices for each month provide a range within which the stock’s value is expected to fluctuate. The year starts with a maximum target price of ₹9,628.43 and a minimum target price of ₹7,406.49, indicating potential upside for investors. However, there are fluctuations throughout the year, with periods of both positive and negative trends. The average target price remains relatively positive, indicating a favorable outlook. The maximum share price target for 2025 is ₹11,450.43, while the minimum is ₹6,644.58.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹8,015.30 | ₹5,610.71 |
| 2027 | ₹6,813.01 | ₹4,769.11 |
| 2028 | ₹12,263.41 | ₹8,584.39 |
| 2029 | ₹25,190.95 | ₹17,633.67 |
| 2030 | ₹28,053.56 | ₹19,637.49 |
The projected share price targets for LTIMindTree from 2026 to 2030 indicate a mix of bullish and bearish trends. The maximum and minimum prices for each year provide a range within which the stock’s value is expected to fluctuate. In 2026, the stock is projected to have a maximum price of ₹8,015.30 and a minimum price of ₹5,610.71. The following year, 2027, shows a slight decrease in both the maximum and minimum prices, indicating a bearish sentiment. However, from 2028 to 2030, there is a significant increase in share prices, with the maximum price reaching ₹28,053.56 in 2030. This suggests a positive growth trajectory for the company, but investors should carefully monitor market conditions and company performance to make informed decisions about potential returns during this period.
Financial Condition of LTIMindtree: Last 5 years
| Narration | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|
| Sales (in Crore INR) |
9,446 | 10,879 | 12,370 | 26,109 | 33,183 | 34,241 |
| Expenses (in Crore INR) |
7,562 | 8,849 | 9,645 | 20,860 | 27,075 | 27,991 |
| Operating Profit (in Crore INR) |
1,883 | 2,029 | 2,725 | 5,249 | 6,108 | 6,250 |
| OPM % | 20% | 19% | 22% | 20% | 18% | 18% |
| Other Income (in Crore INR) |
302 | 329 | 274 | 766 | 557 | 511 |
| Interest (in Crore INR) |
11 | 83 | 79 | 123 | 150 | 165 |
| Depreciation (in Crore INR) |
147 | 273 | 332 | 597 | 723 | 741 |
| Profit before tax (in Crore INR) |
2,028 | 2,003 | 2,588 | 5,294 | 5,792 | 5,854 |
| Tax % | 25% | 24% | 25% | 25% | 24% | 24% |
| Net Profit (in Crore INR) |
1,516 | 1,520 | 1,938 | 3,950 | 4,410 | 4,456 |
| EPS in Rs | 87.37 | 87.30 | 110.79 | 225.27 | 149.02 | – |
| Dividend Payout % | 32% | 32% | 36% | 41% | 40% | – |
Shrikant Chouhan on LTIMindtree share price target
Shrikant Chouhan has given a buy call on Mindtree. According to him, you can continue buying Mindtree share with a target price of Rs 5050.
HDFC securities on LTIMindtree share price target
HDFC securities has given a buy call on Mindtree. According to the brokerage firm, you can continue buying Mindtree share with a target price of Rs5800.
FAQS
The projected maximum share price for Mindtree Ltd in 2023 is ₹6,742.39, while the minimum is ₹2,657.69.
Mindtree’s share price has shown a positive growth trend in recent years, reflecting a promising outlook for the company.
Maximum share price target for Mindtree for 2030 is ₹11,450.43
Factors such as strong financial performance, revenue growth, and profit growth contribute to the expected growth in Mindtree’s share price.
The projected maximum share price target for Mindtree Ltd in 2030 is ₹11,450.43, indicating a substantial potential upside.
As with any investment, there are potential risks and challenges that could affect Mindtree’s share price, such as market volatility and industry competition.
The average target price for Mindtree’s shares in the projected period is expected to show a positive growth trend, reflecting investor confidence.
While projections suggest a positive outlook, it is essential for investors to conduct thorough research and consider their investment goals before making any investment decisions.
Mindtree’s strong financial ratios, such as profit growth, operating profit margin, and earnings per share, provide support for its share price targets.
Investors should monitor Mindtree’s financial performance, industry trends, and market conditions to make informed decisions. The projected share price targets indicate potential growth opportunities but require careful analysis and consideration.
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Conclusion
As a result of Mindtree’s impressive growth trajectory over the previous five years, an upbeat prognosis on its share price goals from 2023 to 2030 is possible. The company has continually produced good financial results, with an impressive income growth rate of almost 94% and a large increase in net profit from 570.10 crore to 1,652.90 crore. Notably, the company has had strong development in revenue and profit, demonstrating its capacity to produce sizable returns. Given these elements, buying Mindtree shares seems like a wise financial decision. Investors may be able to profit from the company’s increasing trend and the growth potential in the ensuing years.
