LTM Ltd
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
LTM Limited's recent management commentary highlights a strategic pivot towards AI deployment, with successful margin management and a robust order book supporting a positive outlook for FY27. The integration of the Randstad acquisition is expected to enhance LTM's market position, particularly in Europe and APAC, while the company's focus on operational efficiencies through initiatives like 'New Horizons' aims to drive margin expansion. Despite facing near-term headwinds from geopolitical uncertainties and constrained discretionary spending, management remains optimistic about accelerating growth momentum in the latter half of FY27. Vista's financial outlook reflects stable revenue growth and margins, aligning with management's expectations. The improving pricing power within the IT services sector further supports LTM's competitive position. Over the next 12-24 months, key opportunities include scaling AI capabilities and leveraging strategic partnerships, while watchpoints include potential project delays and the impact of macroeconomic factors on client spending
Why We Like This Stock
- Successful transition from AI creation to deployment, enhancing revenue potential
- Strategic acquisition of Randstad expected to expand market reach and capabilities
- Strong order book and operational efficiencies support margin expansion
Things To Watch Out For
- Near-term headwinds from geopolitical uncertainties and project delays
- Cautious discretionary spending may temper growth rates
- Integration risks associated with the Randstad acquisition could impact performance
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 35,517 | 38,008 | 42,308 | 45,250 | 49,907 |
| Profit Before Tax (Cr.) | 6,049 | 6,214 | 7,319 | 7,824 | 8,758 |
| PBT Margin | 17.0% | 16.3% | 1729.9% | 17.3% | 17.5% |
| Net Profit (Cr.) | 4,589 | 4,636 | 5,323 | 5,661 | 6,295 |
| Earnings Per Share | 155.0 | 156.5 | 181.0 | 190.0 | 212.7 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Anand Rathi | ▲ Buy | 4,734 | 12-Jul-2026 |
| BofA | ▼ Reduce | 3,910 | 25-Jun-2026 |
| CLSA | ▲ Buy | 5,755 | 04-Jun-2026 |
| Centrum Broking | ▲ Buy | 6,178 | 03-Jun-2026 |
| Choice Equity | ► Hold | 4,700 | 03-Jun-2026 |
| Citigroup | ▼ Sell | 3,450 | 13-Jul-2026 |
| DAM Capital | ► Add | 4,050 | 13-Jul-2026 |
| Elara Capital | ► Accumulate | 4,840 | 24-Apr-2026 |
| Emkay Global | ► Hold | 4,350 | 13-Jul-2026 |
| Goldman Sachs | ► Hold | 3,870 | 30-Jun-2026 |
| HDFC Securities | ▲ Buy | 5,420 | 24-Apr-2026 |
| HSBC | ▲ Buy | 5,250 | 25-May-2026 |
| ICICI Securities | ▼ Reduce | 3,520 | 12-Jul-2026 |
| IDBI Capital | ► Hold | 4,548 | 13-Jul-2026 |
| JMFinancials | ▼ Reduce | 3,810 | 03-Jun-2026 |
| JPMorgan | ► Hold | 4,050 | 13-Jul-2026 |
| Jeffries | ▼ Underperform | 3,360 | 13-Jul-2026 |
| Kotak Securities | ▼ Sell | 3,900 | 13-Jul-2026 |
| LKP Securities | ▲ Buy | 5,130 | 14-Jul-2026 |
| Moneycontrol | ▲ Overweight | nan | 13-Jul-2026 |
| Morgan Stanley | ► Equalweight | 4,000 | 13-Jul-2026 |
| Motilal Oswal | ▲ Buy | 4,900 | 12-Jul-2026 |
| Nomura | ▲ Buy | 4,400 | 13-Jul-2026 |
| Prabhudas Liladhar | ► Hold | 4,200 | 12-Jul-2026 |
| UBS | ► Hold | 4,520 | 03-Jun-2026 |
Company Overview
Show Company Profile
LTM Limited engages in technology consulting and digital solutions company, provides information technology services and solutions in India, North America, Europe, and internationally. It operates through Banking, Financial Services & Insurance; Technology, Media & Communications; Manufacturing & Resources; Consumer Business; and Health, Life Sciences & Public Services. The company offers BlueVerse; Voicing.AI; application management services; cognitive infrastructure services (cis); cybersecurity; data and analytics; interactive, such as craftstudio, marketing, commerce, service, consulting, x-nnovation, and app world; ai-led engineering; industry. NXT; and enterprise application services, such as sap, and oracle. It also offers enterprise cloud applications, such as ServiceNow, and Microsoft business applications; enterprise integration & business process orchestration, including enterprise application integration, business process management, API management, enterprise content management (ECM), cloud and hybrid integration, and event streaming; integration services, and orchestration services; disruptive SaaS (DsaaS); and gcc-as-a-service. It serves travel, transport, hospitality, logistics & real estate, public services, manufacturing, healthcare, life sciences, energy, utilities, retail and consumer packaged goods, insurance, banking & financial services, communications, media, and entertainment, hi-tech & services. The company has a strategic collaboration with the Indian Institute of Creative Technologies for the development of industry-aligned skilling and workforce readiness in creative technologies across advertising, films, immersive media, and digital storytelling. The company was formerly known as LTIMindtree Limited and changed its name to LTM Limited in March 2026. The company was incorporated in 1996 and is based in Mumbai, India. LTM Limited is a subsidiary of Larsen & Toubro Limited.