Larsen & Toubro Infotech Ltd
Larsen & Toubro Infotech Ltd (LTI)

Larsen & Toubro Infotech Ltd (LTI)

₹37960.73%

Key Stats

₹3733.3
Day's Price Range
₹3870.5
₹3665
52-Week Price Range
₹7588.8
1 Month Return-20.62 %
3 Month Return-33.1 %
1 Year Return0.62 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 6
29.14
EPS
Rank 1
₹131.19
BVPS
Rank 1
₹417.34
Dividend Yield
Rank 6
0.99%
ROE
Rank 4
29.38%
Price To Book Ratio
Rank 6
9.16
Debt To Asset
Rank 7
0.31

Company Information

Larsen Toubro Infotech Limited LT Infotech is a global technology consulting and digital solutions companies helping more than 300 clients succeed in a converging world. It provides the winning edge to the clients by leveraging BusinesstoIT Connect and deeply committed people. LT Infotech has global presence which includes 23 software development centers and 44 sales offices. LT Infotech incorporated in 1997 is a subsidiary of Larsen Toubro Limited.During the year 20012002 the companys name was changed from LT Information Technology Limited to Larsen Toubro Infotech Limited and in the same year the company achieved the assessed level of SEI Level 5. The Company set up a fully functional and comprehensive Network Operations Centre NOC using CA Unicentre platform which is being used at six locations and with 2000 workstations and the company developed capabilities in comprehensive billing solutions for Telcos comprising of subscriber hierarchy management tariff and billing engine debt escalation engine etc. it also developed capabilities in setting up Fraud Management Control Centres FMCC. During in the same year the Company caters to a wide range of both discrete and process manufacturing companies. It acquired significant depth in EProcurement Internet based E marketplaces and integration of the same with backend Enterprise Solutions like SAP.During the year 20022003 the company achieved the SEI CMM Level 5 for all verticals and development centers and in the same year The Company has been successful in positioning itself for certain large outsourcing deals notwithstanding the size handicap primarily by leveraging its parentage of the LT Group. Also the thrust on the ERP segments vastly increased to gear up for the anticipated availability of business. During the year 20042005 the company acquired some key clients in ERP practices financial services further consolidated its presence in the Manufacturing Communications and Embedded Systems space. During the year the Company registered a significant growth in Exports Revenue 61 and USA continues to be the leading destination contributing 63 to the total software exports.During the year 20052006 the company launched CMMi initiative while continuing select programmes of sixsigma implementation. The launch and Certification of PCMM 5 enables the company in vastly enhancing the capability to deal optimally with the human resources which constitute practically the entire valueadding constituency in this industry. During the year 20062007 the company acquired by GDA Technologies Inc. USA GDA for USD 27 million and in the same year the company continued to focus on the chosen verticals Banking Financial Services and Insurance Energy and Petrochemicals Product Engineering services comprising of Communications and Embedded Software and Manufacturing.During the year 20072008 the company made significant efforts for Campus Branding in order to attract talent from the campuses. The Company also launched its new website and other marketing collaterals which are in line with its brand message of BusinesstoIT Connect. During the year the Company expanded its infrastructure with the addition of two new development centers one each in Navi Mumbai and Bangalore. During the year 20082009 the company launched two new series lines consulting service line and testing service line in order to transform the company into a full service IT provider.In 2010 LT Infotech was appraised at Maturity Level 5 Optimizing of CMMI for Development v1.2 for the units at Mumbai Navi Mumbai Pune Bengaluru Mysuru and Chennai. In 2011 the company acquired transfer agency business unit of Citigroup Fund Services Canada Inc. and renamed it as LT Infotech Financial Services Technologies Inc. LTIFST. In 2013 the companys business verticals were recast into two clusters industrials and services. In 2014 LT Infotech transferred its product engineering services PES business unit to LT Technology Services Limited LTTSL. In 2015 LT Infotech acquired Information Systems Resource Centre Private Limited ISRC from Otis Elevator Company USA and Otis Elevator Company India Limited units of United Technologies Corporation.In 2016 LT Infotech was assessed at maturity Level 5 CMMISVC v1.3 for the units at Mumbai Navi Mumbai Pune Bengaluru and Chennai. In July 2016 LT Infotech was listed on the bourses after promoter LT sold 1.75 crore shares of the company through an initial public offer during the period from 11 to 13 July 2016 via book building.On 25 October 2016 LT Infotech LTI announced that it will acquire Pune based AugmentIQ Data Sciences Pvt. Ltd. an innovative startup offering IPbased big data and analytics solutions that help enterprises derive business benefits from big data. As a result of this acquisition LTI will gain access to MAXIQ the big data platform developed by AugmentIQ which is currently servicing one of the worlds largest credit bureaus large banks as well as regulatory agencies. Also the proprietary identity resolution technology from AugmentIQ is among the best in its class and can be adopted to solve the emerging needs of regulatory authorities across all markets.On 14 November 2017 LT Infotech LTI announced the signing of definitive agreements to acquire Luxembourg based Syncordis S.A. a leading core banking implementation services provider alongwith its identified subsidiaries in France UK Luxembourg and India. Founded in 2004 Syncordis has an exclusive focus on Temenos Digital Suites that positions it as a leading independent pure play Temenos specialist. Syncordis has developed industryleading accelerators that help with faster and consistent Temenos implementations and capture the fastgrowing market opportunities for core banking product modernization services. Europe is a growth market for LTI and addition of these niche capabilities bring stronger synergies with companys deep expertise in Banking and Financial services segment.On 15 December 2017 LT Infotech LTI announced that it has completed acquisition of 100 shareholding of Syncordis S.A. Luxembourg along with its identified subsidiaries comprising of Syncordis Support Services S.A. Luxembourg Syncordis Limited UK and Syncordis SARL France through Larsen Toubro Infotech GmbH its wholly owned subsidiary in Germany. With this acquisition Syncordis S.A. and its identified subsidiaries are now wholly owned stepdown subsidiaries of the company. On 20 March 2018 Larsen Toubro Infotech LTI announced that it has been selected by Accudyne Industries LLC Accudyne Industries as the transformation partner to provide IT Infrastructure Security Management Services. Accudyne Industries is a leading global provider of precision engineered processcritical and technologically advanced flow control systems and industrial compressors.On 17 April 2018 Larsen Toubro Infotech LTI announced that it has joined the Enterprise Ethereum Alliance EEA the worlds largest open source blockchain initiative. As a member of the EEA LTI will collaborate with industry leaders in pursuit of ethereumbased enterprise technology best practices open standards and opensource reference architectures. LTI is working with several clients across Banking Financial Services Insurance Manufacturing Energy Media and Government to help monetize the benefits of blockchain through disruptive business models improved customer experience and significant cost reduction.On 19 May 2018 Lymbyc Solutions Pvt Limited one of the countrys leadingedge innovator and Artificial Intelligencebased analytics solution provider announced that it has partnered with Larsen Toubro Infotech LTI a leading global technology consulting and digital solutions company. The two companies signed a Memorandum of Understanding to tap the growing shift in market demand from an ITled system of record reporting to businessled agile analytics including selfservice. The partnership will focus on enabling analytics solutions and digital transformation initiatives of global customers through jointly developed industryfocused offerings.On 27 June 2018 LT Infotech Ltd. inaugurated its latest global delivery center in Johannesburg. The 30000 sq. ft. stateoftheart center with a capacity of 250 seats will help the company expand its operations in South Africa across all sectors.
OrganisationLarsen & Toubro Infotech Ltd
HeadquartersMumbai
IndustryIT - Software