? Analyst’s Perspective on LTIMindtree
Brokerage firm Prabhudas Lilladher has maintained a ‘Hold’ recommendation on LTIMindtree, setting a price target of ₹5,340 in their July 18, 2025 research report. The stock currently trades at approximately 26× estimated FY 2027 earnings, with limited upside anticipated, they note. 1
? Revenue Outlook & Growth Drivers
In Q1, revenue rose by 0.8% quarter-on-quarter in constant currency, in line with expectations—bolstered by the ramp-up of a large ₹3,700 crore deal in the Retail segment. However, sectors like BFS, Communications & Media Technology (CMT), and Manufacturing underperformed with QoQ growth of 1.1%, 0.4%, and company-wide currency-neutral growth of 2% in USD. Management flagged weakness as account-specific rather than sector-wide. 2
? Earnings Forecast & Valuation Strategy
Analysts project 4.8% and 8.2% revenue growth YoY for FY 2026 and FY 2027, respectively, and maintain margin assumptions. They trimmed EPS estimates by ~2% for both years but expect USD‑revenue and earnings CAGR of 7% and 13%. Assigning a FY 2027 P/E multiple of 27× led to the ₹5,340 target. Given the limited upside from current levels, the ‘Hold’ rating was retained. 3
⚖️ Competitive Valuation Context
The stock’s valuation at 26× FY 27E EPS leaves little room for appreciation. Prabhudas Lilladher suggests investors monitor order book conversion and deal momentum, especially in Retail and large-ticket wins, before considering an upgrade.
? Quick Quiz for Market Enthusiasts
- What is the target price set by Prabhudas Lilladher? ₹5,340.
- What was the QoQ revenue growth in Q1 (constant currency)? 0.8%.
- Which deal segment led growth? Retail segment (~₹3,700 crore).
- What P/E multiple supports the valuation? 27× on FY 27 EPS.
- What CAGR is predicted for earnings? 13%.
✅ Final Takeaway
Prabhudas Lilladher’s analysis reflects cautious optimism: growth is steady thanks to a major Retail deal, but broader demand is muted. The firm values LTIMindtree reasonably but signals limited near-term upside pending stronger conversion and sustained deal flow.
Source: Moneycontrol