LTIMindtree Limited (LTM) - Net Assets

Latest as of March 2026: Rs241.08 Billion INR ≈ $2.61 Billion USD

Based on the latest financial reports, LTIMindtree Limited (LTM) has net assets worth Rs241.08 Billion INR (≈ $2.61 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs371.96 Billion ≈ $4.02 Billion USD) and total liabilities (Rs130.88 Billion ≈ $1.42 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of LTIMindtree Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs241.08 Billion
% of Total Assets	64.81%
Annual Growth Rate	22.59%
5-Year Change	68.67%
10-Year Change	655.56%
Growth Volatility	22.35

LTIMindtree Limited - Net Assets Trend (2011–2026)

This chart illustrates how LTIMindtree Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of LTIMindtree Limited to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for LTIMindtree Limited (2011–2026)

The table below shows the annual net assets of LTIMindtree Limited from 2011 to 2026. For live valuation and market cap data, see LTIMindtree Limited market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs241.08 Billion ≈ $2.61 Billion	+6.15%
2025-03-31	Rs227.12 Billion ≈ $2.46 Billion	+13.41%
2024-03-31	Rs200.26 Billion ≈ $2.17 Billion	+20.65%
2023-03-31	Rs165.99 Billion ≈ $1.80 Billion	+16.14%
2022-03-31	Rs142.93 Billion ≈ $1.55 Billion	+95.60%
2021-03-31	Rs73.07 Billion ≈ $790.24 Million	+35.19%
2020-03-31	Rs54.05 Billion ≈ $584.54 Million	+10.43%
2019-03-31	Rs48.95 Billion ≈ $529.33 Million	+26.77%
2018-03-31	Rs38.61 Billion ≈ $417.56 Million	+21.01%
2017-03-31	Rs31.91 Billion ≈ $345.06 Million	+46.81%
2016-03-31	Rs21.73 Billion ≈ $235.03 Million	+7.23%
2015-03-31	Rs20.27 Billion ≈ $219.18 Million	+25.85%
2014-03-31	Rs16.10 Billion ≈ $174.17 Million	+20.28%
2013-03-31	Rs13.39 Billion ≈ $144.80 Million	+21.13%
2012-03-31	Rs11.05 Billion ≈ $119.54 Million	-2.68%
2011-03-31	Rs11.36 Billion ≈ $122.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to LTIMindtree Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2966.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs239.99 Billion	99.89%
Other Components	Rs263.00 Million	0.11%
Total Equity	Rs240.25 Billion	100.00%

LTIMindtree Limited Competitors by Market Cap

The table below lists competitors of LTIMindtree Limited ranked by their market capitalization.

Company	Market Cap
Globe Life Inc NYSE:GL	$12.82 Billion
QXO, Inc. NASDAQ:QXO	$12.83 Billion
ZTO Express (Cayman) Inc F:ZTOA	$12.83 Billion
Hubei Dinglong Chemical SHE:300054	$12.84 Billion
China Galaxy Securities Co Ltd Class A SHG:601881	$12.81 Billion
Sanan Optoelectronics Co Ltd SHG:600703	$12.81 Billion
Tele2 AB (publ) ST:TEL2-B	$12.80 Billion
Smith & Nephew SNATS Inc NYSE:SNN	$12.78 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in LTIMindtree Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 226,983,000,000 to 240,250,000,000, a change of 13,267,000,000 (5.8%).
Net income of 50,181,000,000 contributed positively to equity growth.
Dividend payments of 19,854,000,000 reduced retained earnings.
New share issuances of 29,000,000 increased equity.
Other factors decreased equity by 17,089,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs50.18 Billion	+20.89%
Dividends Paid	Rs19.85 Billion	-8.26%
Share Issuances	Rs29.00 Million	+0.01%
Other Changes	Rs-17.09 Billion	-7.11%
Total Change	Rs-	5.84%

Book Value vs Market Value Analysis

This analysis compares LTIMindtree Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.93x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 56.76x to 4.93x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-03-31	Rs70.44	Rs3998.00	x
2012-03-31	Rs65.08	Rs3998.00	x
2013-03-31	Rs79.44	Rs3998.00	x
2014-03-31	Rs95.56	Rs3998.00	x
2015-03-31	Rs120.24	Rs3998.00	x
2016-03-31	Rs125.28	Rs3998.00	x
2017-03-31	Rs180.72	Rs3998.00	x
2018-03-31	Rs220.34	Rs3998.00	x
2019-03-31	Rs279.04	Rs3998.00	x
2020-03-31	Rs307.91	Rs3998.00	x
2021-03-31	Rs415.92	Rs3998.00	x
2022-03-31	Rs813.60	Rs3998.00	x
2023-03-31	Rs560.18	Rs3998.00	x
2024-03-31	Rs674.88	Rs3998.00	x
2025-03-31	Rs765.05	Rs3998.00	x
2026-03-31	Rs810.56	Rs3998.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently LTIMindtree Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 20.89%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.86%
• Asset Turnover: 1.14x
• Equity Multiplier: 1.55x
Recent ROE (20.89%) is below the historical average (30.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	27.85%	13.23%	1.22x	1.72x	Rs2.03 Billion
2012	37.94%	13.18%	1.50x	1.93x	Rs3.09 Billion
2013	38.09%	14.88%	1.45x	1.77x	Rs3.76 Billion
2014	40.97%	14.55%	1.68x	1.68x	Rs4.99 Billion
2015	37.50%	15.29%	1.62x	1.51x	Rs5.57 Billion
2016	39.36%	14.30%	1.85x	1.49x	Rs6.24 Billion
2017	30.87%	14.93%	1.47x	1.41x	Rs6.56 Billion
2018	28.81%	15.22%	1.36x	1.39x	Rs7.26 Billion
2019	30.98%	16.05%	1.42x	1.36x	Rs10.27 Billion
2020	28.13%	13.97%	1.23x	1.63x	Rs9.80 Billion
2021	26.51%	15.65%	1.16x	1.47x	Rs12.06 Billion
2022	27.64%	15.12%	1.27x	1.44x	Rs25.20 Billion
2023	26.57%	13.28%	1.41x	1.42x	Rs27.49 Billion
2024	22.89%	12.90%	1.29x	1.38x	Rs25.80 Billion
2025	20.26%	12.10%	1.24x	1.35x	Rs23.29 Billion
2026	20.89%	11.86%	1.14x	1.55x	Rs26.16 Billion

Industry Comparison

This section compares LTIMindtree Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $1,288,686,160
Average return on equity (ROE) among peers: 67.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
LTIMindtree Limited (LTM)	Rs241.08 Billion	27.85%	0.54x	$12.82 Billion
AAA Technologies Limited (AAATECH)	$48.50 Million	20.61%	1.07x	$13.64 Million
Accelya Solutions India Limited (ACCELYA)	$1.13 Billion	73.39%	0.92x	$184.28 Million
Adroit Infotech Limited (ADROITINFO)	$62.35 Million	-0.08%	1.33x	$5.85 Million
Airan Limited (AIRAN)	$188.59 Million	6.62%	0.62x	$22.00 Million
Alankit Limited (ALANKIT)	$469.05 Million	28.31%	0.66x	$25.37 Million
Bartronics India Limited (ASMS)	$254.08 Million	433.82%	0.09x	$26.22 Million
BIRLASOFT LIMITED (BSOFT)	$2.64 Billion	19.89%	0.66x	$982.78 Million
Computer Age Management Services Limited (CAMS)	$5.16 Billion	39.80%	0.63x	$2.23 Billion
Cigniti Technologies Limited (CIGNITITEC)	$2.67 Billion	45.50%	0.80x	$374.23 Million
Cambridge Technology Enterprises Limited (CTE)	$258.77 Million	4.28%	0.23x	$6.62 Million

About LTIMindtree Limited

NSE:LTM India Information Technology Services

Market Cap

$12.82 Billion

Rs1.19 Trillion INR

Market Cap Rank

#1864 Global

#69 in India

Share Price

Rs3998.00

Change (1 day)

+0.06%

52-Week Range

Rs3824.90 - Rs4757.90

All Time High

Rs4757.90