LTM share price
NSE: LTMBSE: 540005IT - SoftwareLarge Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹4,104.00.
29 Oct: open ₹4,111.10, high ₹4,155.90, low ₹4,062.20
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,21,458 Cr66th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 23.24
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹528 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 21.10
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.69
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.90%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 21.2%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹528 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 23.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 27.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,72,05148.6% delivered
About LTM
LTM Limited is a global technology services and consulting company and part of the Larsen & Toubro group.1 It sells what it calls integrated operations, transformation and business AI services to large enterprises.1 Its clients are in banking, insurance, technology, media, manufacturing, consumer businesses, healthcare and life sciences, served from onshore, nearshore and offshore centres.23
Its services are grouped into 3 lines of business, all built on its BlueVerse AI platform: iRun, which runs application, infrastructure and security operations; iTransform, which modernises enterprise platforms, data and digital experience; and Business AI.45 It has alliances with SAP, Oracle, Salesforce, ServiceNow, Microsoft, NVIDIA and the large cloud providers.6 It had 88,835 employees in more than 40 countries at the end of September 2026.7
It was incorporated in 1996.8 It was renamed and rebranded as LTM in the year to Mar 2026.9 Its parent company is Larsen & Toubro Limited, whose chairman and managing director, S. N. Subrahmanyan, is also chairman of LTM.1011 Venu Lambu has been chief executive officer and managing director since 31 May 2025.10
LTM key points
Results
- In the quarter to Sep 2026, consolidated revenue was ₹1,18,076 million, up 13.6% from a year earlier, and net profit was ₹13,799 million, down 0.1% from a year earlier.1213
- In US dollars, quarterly revenue was $1.235 billion, up 5.1% in constant currency (at year-earlier exchange rates); EBITDA (profit before depreciation, interest and tax) was ₹20,933 million, against ₹19,301 million, and the EBIT margin (profit before interest and tax, over revenue) was 15.6%.1415
- In the year to Mar 2026, consolidated revenue was ₹423,076 million, up 11.3%; the EBITDA margin was 17.9% against 17.1%, the EBIT margin 15.4% against 14.5%, and net profit rose 8.3% to ₹49,827 million, after a one-time provision for India's new labour codes.1617
Business segments
- Growth by segment from a year earlier, in constant currency1819The company regrouped its reporting segments into these in the quarter to Jun 2026; Consumer now includes healthcare, life sciences and public services.
Item quarter to Sep 2026 Consumer 8.6% Production 7.4% Technology & Services 7% Financial Services 0.4% - Technology & Services revenue fell from the previous quarter in the quarter to Sep 2026; the company linked this to the yearly renewal of its largest technology client, whose financial year starts in July, and to its Saudi business.1920
Growth by region
- In the year to Mar 2026, revenue in US dollars grew 4.0% in North America, 12.4% in Europe and 11.6% in the rest of the world.21
Customers and partners
- The company had 729 active clients at the end of September 2026; 3 were in its $100 million-plus category and 15 in its $50 million-plus category, each 1 more than a year earlier.22
- Order inflow (the value of new contracts signed) was $1.26 billion in the quarter to Sep 2026 and $6.32 billion over the 12 months to Sep 2026.1223
- Contracts won in the quarter to Sep 2026 include consolidating technology services for wealth and personal banking at a global bank, and consolidating global IT services for a US insurer.24
AI business
- Revenue from AI services was 13.4% of total revenue in the quarter to Sep 2026, up 40% from a year earlier.24
- In the quarter to Sep 2026 LTM embedded Claude and Claude Code in its BlueVerse AI delivery fabric through a partnership with Anthropic, launched a Claude centre of excellence, certified over 1,000 associates and created 3 small language models (compact AI models for one field).2526
What the company expects
- On its earnings call of 16 Oct 2026, the company said the half year to Mar 2027 would be better than the one to Sep 2026, and that it aims for growth in the year to Mar 2027 near the year to Mar 2026's level.27
- On its earnings call of 16 Oct 2026, the company said it is working to keep its EBIT margin for the year to Mar 2027 at a level similar to the year to Mar 2026.28
- On its earnings call of 16 Oct 2026, the company said it expects to receive all approvals for the Randstad acquisition in the quarter to Dec 2026.29
- The company stated in its annual report for the year to Mar 2026 that its Lakshya 31 plan aims to double revenue over 5 years, driven by AI-centric growth and large deals.30
Recent events
- On 16 Oct 2026 the board declared an interim dividend of ₹25 per share.31
- On 22 Aug 2026 a subsidiary agreed to buy Randstad's technology and consulting businesses in Europe and Australia for an enterprise value (price before cash and debt) of up to €160 million; on 22 May 2026 the company put their annual revenue above $500 million.323313
- On 23 Feb 2026 the company signed a 7-year, $100 million agreement with a European maker of hearing solutions to develop and support its hearing devices and apps.34
- On 16 Jan 2026 the company won the Insight 2.0 project from India's Central Board of Direct Taxes, a 7-year mandate valued at around ₹3,000 crore to build an AI-powered program to modernise India's national tax analytics platform.35
Last updated
All 35 sources, each with its page
- 1. Annual report, 8 May 2026, page 13
- 2. Annual report, 8 May 2026, page 6
- 3. Investor presentation, 16 Oct 2026, page 20
- 4. Annual report, 8 May 2026, page 8
- 5. Annual report, 8 May 2026, page 14
- 6. Annual report, 8 May 2026, page 95
- 7. Investor presentation, 16 Oct 2026, page 20
- 8. Annual report, 8 May 2026, page 1
- 9. Annual report, 8 May 2026, page 6
- 10. Annual report, 8 May 2026, page 254
- 11. Annual report, 8 May 2026, page 81
- 12. Investor presentation, 16 Oct 2026, page 23
- 13. Investor presentation, 16 Oct 2026, page 9
- 14. Earnings call, 16 Oct 2026, page 12
- 15. Investor presentation, 16 Oct 2026, page 40
- 16. Annual report, 8 May 2026, page 9
- 17. Annual report, 8 May 2026, page 100
- 18. Investor presentation, 16 Oct 2026, page 8
- 19. Earnings call, 16 Oct 2026, page 6
- 20. Earnings call, 16 Oct 2026, page 14
- 21. Annual report, 8 May 2026, page 101
- 22. Investor presentation, 16 Oct 2026, page 23
- 23. Investor presentation, 16 Oct 2026, page 19
- 24. Earnings call, 16 Oct 2026, page 5
- 25. Earnings call, 16 Oct 2026, page 9
- 26. Investor presentation, 16 Oct 2026, page 35
- 27. Earnings call, 16 Oct 2026, page 21
- 28. Earnings call, 16 Oct 2026, page 23
- 29. Earnings call, 16 Oct 2026, page 13
- 30. Annual report, 8 May 2026, page 40
- 31. Investor presentation, 16 Oct 2026, page 1
- 32. Exchange filing, 22 Aug 2026, page 1
- 33. Exchange filing, 22 May 2026, page 3
- 34. Exchange filing, 23 Feb 2026, page 2
- 35. Exchange filing, 16 Jan 2026, page 2
Results
Consolidated; ₹ crore.LTM quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +7.4%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹11,808 Crup 1.72%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,380 Crdown 6.04%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.7%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,661 | 9,772 | 9,841 | 10,394 | 10,781 | 11,292 | 11,608 | 11,808 |
| Net profit | 1,087 | 1,129 | 1,255 | 1,381 | 960 | 1,387 | 1,469 | 1,380 |
| Net margin | 11.2% | 11.5% | 12.7% | 13.3% | 8.9% | 12.3% | 12.7% | 11.7% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹42,308 Crup 11.31%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,983 Crup 8.27%
- Net margin
- 11.8%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2023, the company's revenue for that year, ₹33,183 Cr, differs from its quarters added, ₹26,671 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,501 | 7,307 | 9,446 | 10,879 | 12,370 | 15,669 | 33,183 | 35,517 | 38,008 | 42,308 |
| Net profit | 971 | 1,112 | 1,516 | 1,521 | 1,938 | 2,299 | 4,410 | 4,585 | 4,602 | 4,983 |
| Net margin | 14.9% | 15.2% | 16.0% | 14.0% | 15.7% | 14.7% | 13.3% | 12.9% | 12.1% | 11.8% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Banking, Financial Services & InsuranceBanking, Financial Services & Insurance, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹14,898 Crup 8.49%35.2%
- Technology, Media & CommunicationsTechnology, Media & Communications, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹9,721 Crup 4.38%23.0%
- Manufacturing & ResourcesManufacturing & Resources, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8,548 Crup 18.49%20.2%
- Consumer BusinessConsumer Business, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,488 Crup 19.21%15.3%
- Healthcare, Life Sciences & Public ServicesHealthcare, Life Sciences & Public Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,654 Crup 14.98%6.3%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.LTM PE ratio and valuation
At or below today's level on 23% of 2,193 trading days since May 2017.
At or below today's level on 1% of 1,779 trading days since May 2019.
At or below today's level on 96% of 2,479 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −8.8% | +9.0% | −18.0% | 1.9% |
| 3 years | −4.0% | +4.3% | −9.5% | 1.5% |
| 5 years | +1.2% | +8.8% | −8.3% | 1.4% |
Mutual fund holdings
213 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 110 of the 143 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 213 funds holding LTM
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 70
- CutCut. Funds that held fewer shares than at the end of the month before.
- 73
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 61
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 14,09,300 | 1.41% | ₹570.1 Cr | |
| 11,42,277 | 2.05% | ₹462.1 Cr | |
| 8,00,534 | 2.59% | ₹323.8 Cr | |
| 5,37,593 | 1.90% | ₹217.5 Cr | |
| 4,11,229 | 4.00% | ₹166.3 Cr | |
| 3,70,377 | 1.54% | ₹149.8 Cr | |
| 3,60,830 | 1.57% | ₹146.0 Cr | |
| 3,43,987 | 4.06% | ₹139.1 Cr | |
| 3,29,021 | 1.54% | ₹133.1 Cr | |
| 2,99,485 | 3.35% | ₹121.1 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.LTM insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 1 pledge filing of unclear kind
- Others: no market trade · 3 pledge filings of unclear kind
LTM competitors and peers
Computers - Software & Consulting, 99 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to LTM in market cap.IT companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 4,65,281 | 15.13 | 4.70 | +11.7% | +9.3% | 30.4% | 39.9% | 2.18% | |
| 3,80,971 | 20.80 | 5.01 | +12.8% | +7.9% | 24.9% | 31.4% | 4.27% | |
| 1,88,299 | 14.29 | 2.38 | +8.2% | −2.4% | 16.0% | 15.9% | 4.21% | |
| 1,73,449 | 31.43 | 5.85 | +13.6% | +23.7% | 19.3% | 26.7% | 2.88% | |
| 97,510 | 54.07 | – | +27.1% | +8.3% | 22.9% | 27.2% | 0.68% | |
| 86,924 | 44.35 | 3.89 | +41.2% | +68.0% | 13.4% | 10.7% | 0.61% | |
| 48,908 | 25.60 | 4.55 | +13.7% | +9.8% | 18.8% | 19.9% | 2.42% | |
| 32,900 | 23.43 | 4.90 | +13.5% | +0.6% | 22.4% | 25.9% | 3.34% |
Dividends
Per share, by the year it was paid for, and the latest payments.LTM dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 23 Oct 2026 | Interim | ₹25.00 |
| 25 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹53.00 |
| 24 Oct 2025 | Interim | ₹22.00 |
| 23 May 2025 | Final | ₹45.00 |
| 25 Oct 2024 | Interim | ₹20.00 |
| 19 Jun 2024 | Final | ₹45.00 |
Latest announcements
Routine notices left out.LTM announcements
Oct 2026
28 Oct · Analysts
LTM share price by year
Each calendar year to 2025.LTM share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 6,063.50 | +8.6% | 6,294.50 | 4,057.15 |
| 2024 | 5,585.90 | −11.3% | 6,738.45 | 4,593.55 |
| 2023 | 6,294.95 | +44.2% | 6,294.95 | 4,152.85 |
| 2022 | 4,365.40 | −40.5% | 7,561.75 | 3,823.70 |
| 2021 | 7,332.00 | +100.4% | 7,397.05 | 3,583.65 |
| 2020 | 3,659.50 | +109.1% | 3,674.95 | 1,293.10 |
| 2019 | 1,750.50 | +1.1% | 1,871.15 | 1,470.10 |
| 2018 | 1,731.20 | +54.7% | 1,965.10 | 1,091.10 |
| 2017 | 1,118.85 | +64.5% | 1,118.85 | 665.20 |
| 2016 | 680.05 | – | 700.90 | 600.50 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 4,020.00 | 4,109.90 | 3,926.00 | 4,104.00 | 4,048.80 | 4,59,122 | 39.5% |
| 27 Oct 2026 | 4,055.00 | 4,125.00 | 4,006.00 | 4,059.70 | 4,069.31 | 9,04,377 | 50.2% |
| 26 Oct 2026 | 4,050.00 | 4,149.70 | 4,040.10 | 4,074.90 | 4,088.44 | 4,01,584 | 37.3% |
| 23 Oct 2026 | 4,318.30 | 4,382.90 | 4,100.00 | 4,134.00 | 4,222.41 | 5,72,717 | 23.2% |
| 22 Oct 2026 | 4,298.00 | 4,364.00 | 4,241.10 | 4,274.00 | 4,306.56 | 4,68,985 | 30.9% |
| 21 Oct 2026 | 4,269.20 | 4,343.10 | 4,250.20 | 4,298.00 | 4,297.40 | 14,20,540 | 50.1% |
| 19 Oct 2026 | 4,228.00 | 4,360.60 | 4,142.00 | 4,264.90 | 4,276.11 | 8,50,775 | 17.2% |
| 16 Oct 2026 | 4,259.00 | 4,419.50 | 4,211.10 | 4,390.00 | 4,333.71 | 5,89,547 | 23.3% |
| 15 Oct 2026 | 4,265.50 | 4,358.00 | 4,235.00 | 4,235.00 | 4,306.27 | 5,36,762 | 26.2% |
Company details
- NSE symbol
- LTM
- BSE code
- 540005
- ISIN
- INE214T01019
- Industry
- IT - Software
- Former symbols
- LTIM, LTI
- Website
- www.ltimindtree.com
- CIN
- L72900MH1996PLC104693
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1996
- Registered office
- L&T House, Ballard Estate, Mumbai 400001, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments