LTM logo

LTM share price

NSE: LTMBSE: 540005IT - SoftwareLarge Cap

LTM Limited · Formerly LTIMindtree · Face value ₹1 · Listed Jul 2016 · Issue price ₹710
Last close ₹4,094.70down ₹9.30 (0.23%)BSE ₹4,082.20

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

52-week range of traded prices to 29 Oct 2026
₹3,528.00Low, 30 Jun 2026₹6,429.50High, 19 Jan 2026
Market cap
₹1,21,458 Cr66th largest listed
P/E
23.24
P/E without one-offs
21.10
P/B
4.69
Dividend yield
1.90%
ROE
21.2%
ROE without one-offs
23.4%
ROCE
27.3%
Debt to equity
0.00
Volume, NSE
2,72,05148.6% delivered

LTM share price chart

Daily closes since Jul 2016, adjusted for splits and bonuses

−27.8%over a year · Nifty IT −11.7% · Nifty 500 −8.4%

ResultsDividend20-session average 5,05,442 shares a day, 32.1% 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 currency1819
    Itemquarter to Sep 2026
    Consumer8.6%
    Production7.4%
    Technology & Services7%
    Financial Services0.4%
    The company regrouped its reporting segments into these in the quarter to Jun 2026; Consumer now includes healthcare, life sciences and public services.
  • 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

Results

Consolidated; ₹ crore.LTM quarterly results

Revenue growth, 12 months
+14.7%
Net profit growth, 12 months
+7.4%

Quarter to Sep 2026, against the quarter before

Revenue
₹11,808 Crup 1.72%
Net profit
₹1,380 Crdown 6.04%
Net margin
11.7%

Revenue by quarter

₹9,661 CrDec 24₹9,772 CrMar 25₹9,841 CrJun 25₹10,394 CrSep 25₹10,781 CrDec 25₹11,292 CrMar 26₹11,608 CrJun 26₹11,808 CrSep 26
Peak revenue ₹11,808 Cr, quarter to Sep 2026; lowest ₹9,661 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹1,087 CrDec 24₹1,129 CrMar 25₹1,255 CrJun 25₹1,381 CrSep 25₹960 CrDec 25₹1,387 CrMar 26₹1,469 CrJun 26₹1,380 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue9,6619,7729,84110,39410,78111,29211,60811,808
Net profit1,0871,1291,2551,3819601,3871,4691,380
Net margin11.2%11.5%12.7%13.3%8.9%12.3%12.7%11.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Banking, Financial Services & Insurance₹14,898 Crup 8.49%35.2%
  • Technology, Media & Communications₹9,721 Crup 4.38%23.0%
  • Manufacturing & Resources₹8,548 Crup 18.49%20.2%
  • Consumer Business₹6,488 Crup 19.21%15.3%
  • Healthcare, Life Sciences & Public Services₹2,654 Crup 14.98%6.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to earnings

At or below today's level on 23% of 2,193 trading days since May 2017.

LowestHighest
Its median30.37Industry median16.65
Price to book

At or below today's level on 1% of 1,779 trading days since May 2019.

LowestHighest
Its median8.10Industry median2.55
Dividend yield

At or below today's level on 96% of 2,479 trading days over the last 10 years.

LowestHighest
Its median1.16%Industry median1.50%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.LTM shareholding pattern

Shareholding by group

  • Promoters69.01%
  • Foreign institutions6.15%
  • Indian institutions16.84%
  • Individuals and others7.95%
  • Employee trusts0.04%
Holder
Larsen & Toubro LimitedPromoter69.01%
Life Insurance Corporation of IndiaInsurance companies10.21%
Nps Trust A/C Uti Pension Fund Limited-Scheme State GovtProvident and pension funds1.30%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters +0.52 pts, foreign institutions −0.16 pts, Indian institutions +0.01 pts, mutual funds −0.41 pts.

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 time
1
Bought again
5
Added
70
Cut
73
Held unchanged
61
Sold out
4
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Infosys logoInfosysINFY4,65,28115.134.70+11.7%+9.3%30.4%39.9%2.18%
HCL Technologies logoHCL TechnologiesHCLTECH3,80,97120.805.01+12.8%+7.9%24.9%31.4%4.27%
Wipro logoWiproWIPRO1,88,29914.292.38+8.2%−2.4%16.0%15.9%4.21%
Tech Mahindra logoTech MahindraTECHM1,73,44931.435.85+13.6%+23.7%19.3%26.7%2.88%
Persistent Systems logoPersistent SystemsPERSISTENT97,51054.07–+27.1%+8.3%22.9%27.2%0.68%
Coforge logoCoforgeCOFORGE86,92444.353.89+41.2%+68.0%13.4%10.7%0.61%
MphasiS logoMphasiSMPHASIS48,90825.604.55+13.7%+9.8%18.8%19.9%2.42%
Hexaware Technologies logoHexaware TechnologiesHEXT32,90023.434.90+13.5%+0.6%22.4%25.9%3.34%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

22Mar 1828Mar 1928Mar 2040Mar 2155Mar 2260Mar 2365Mar 2465Mar 2575Mar 2625Mar 27so far
Highest ₹75.00 a share, year to Mar 2026.
Ex-dateTypePer share
23 Oct 2026Interim₹25.00
25 May 2026Final₹53.00
24 Oct 2025Interim₹22.00
23 May 2025Final₹45.00
25 Oct 2024Interim₹20.00
19 Jun 2024Final₹45.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.LTM announcements

LTM share price by year

Each calendar year to 2025.LTM share price history

YearClose at year endChangeHighest closeLowest close
20256,063.50+8.6%6,294.504,057.15
20245,585.90−11.3%6,738.454,593.55
20236,294.95+44.2%6,294.954,152.85
20224,365.40−40.5%7,561.753,823.70
20217,332.00+100.4%7,397.053,583.65
20203,659.50+109.1%3,674.951,293.10
20191,750.50+1.1%1,871.151,470.10
20181,731.20+54.7%1,965.101,091.10
20171,118.85+64.5%1,118.85665.20
2016680.05–700.90600.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 21 Jul 2016.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20264,020.004,109.903,926.004,104.004,048.804,59,12239.5%
27 Oct 20264,055.004,125.004,006.004,059.704,069.319,04,37750.2%
26 Oct 20264,050.004,149.704,040.104,074.904,088.444,01,58437.3%
23 Oct 20264,318.304,382.904,100.004,134.004,222.415,72,71723.2%
22 Oct 20264,298.004,364.004,241.104,274.004,306.564,68,98530.9%
21 Oct 20264,269.204,343.104,250.204,298.004,297.4014,20,54050.1%
19 Oct 20264,228.004,360.604,142.004,264.904,276.118,50,77517.2%
16 Oct 20264,259.004,419.504,211.104,390.004,333.715,89,54723.3%
15 Oct 20264,265.504,358.004,235.004,235.004,306.275,36,76226.2%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Sekharipuram Narayanan Subrahmanyan
At the end of the quarter to Sep 2026
Managing director and CEO
Venugopal Lambu
At the end of the quarter to Sep 2026
NSE symbol
LTM
BSE code
540005
ISIN
INE214T01019
Industry
IT - Software
Former symbols
LTIM, LTI
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