Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 72127.80 Crore) operating in IT Software sector.
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3152.80 Crore, up 5.15 % from last quarter Sales of Rs 2998.40 Crore and up 12.16 % from last year same quarter Sales of Rs 2811.10 Crore Company reported net profit after tax of Rs 519.30 Crore in latest quarter.
While the brokerage remains confident of the company’s execution capabilities, it remains on the sidelines on the stock, led by significant multiple expansions recently. It values the stock at 25.0x FY23 EPS. The new TP is INR 3,780, implying a 8% downside.
Promoters held 74.3 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 4.6 per cent and public and others 7.8 per cent.