L&T Finance

₹136.7 -2 | 1.4%

WEBSITE BSE:533519 NSE : LTF 26 Dec, 16:01

Market Cap ₹34097 Cr.

Stock P/E 14.7

P/B 1.4

Current Price ₹136.7

Book Value ₹ 96.3

Face Value 10

52W High ₹194.2

Dividend Yield 1.83%

52W Low ₹ 134.1

Edit Ratio

L&T Finance Research see more...

Overview Inc. Year: 2008Industry: Finance - NBFC

L&T Finance Holdings Ltd, a non-banking financial company, provides numerous financial solutions in India. The agency operates through Rural Finance, Housing Finance, Infrastructure Finance, Defocused Business, and Others segments. The Rural Finance section gives farm equipment finance, two wheeler finance, and consumer finance offerings, as well as micro loans. The Housing Finance segment provides domestic loans, loans against belongings, and real estate finance services. The Infrastructure Finance section gives infra finance and infra debt funds. The Defocused Business segment presents established company loans, debt capital market, industrial vehicle finance, production equipment finance, SME term loans, and leasing offerings. The Others section gives asset control, wealth control, and so on. The business enterprise operates via 197 branches and 1,395 micro loan assembly facilities. The organisation was previously referred to as L&T Capital Holdings Ltd. L&T Finance Holdings Ltd was incorporated in 2008 and is situated in Mumbai, India. It is a subsidiary of Larsen & Toubro Ltd.

L&T Finance Share Price

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Peer Comparison

L&T Finance Quarterly Results

#(Fig in Cr.)
Operating Revenue
Other Income
Total Income
Total Expenditure
Operating Profit
Interest Expense
Depreciation
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

L&T Finance Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operating Revenue	258	291	349	278	455	482	475	171	336	12898	13574
Other Income	34	41	79	37	23	48	47	20	15	2572	2152
Total Income	292	331	428	315	478	530	522	191	350	15470	15727
Total Expenditure	28	40	32	24	23	24	37	34	22	7189	7231
Operating Profit	263	291	395	291	455	506	485	158	328	8281	8495
Interest Expense	66	39	27	46	162	202	201	193	73	5822	5400
Depreciation	0	0	0	0	0	0	0	1	0	106	109
Profit Before Tax	197	252	368	245	293	304	284	189	254	2524	2987
Provision for Tax	1	-10	-10	-4	27	37	17	73	36	604	700
Profit After Tax	196	262	378	249	266	267	267	116	218	1920	2286
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	196	262	378	249	266	267	267	116	218	1920	2286
Adjusted Earnings Per Share	0.7	0.8	1.1	0.8	1.2	1.2	1.2	0.5	0.9	7.7	9.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	330%	95%	49%
Operating Profit CAGR	3%	277%	76%	42%
PAT CAGR	19%	170%	54%	28%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-11%	21%	5%	8%
ROE Average	10%	8%	6%	6%
ROCE Average	8%	8%	7%	6%

L&T Finance Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	4527	4909	5187	5324	7674	7830	7845	11010	11271	21319	23195
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	200	0	0	0	1030	1032	1718	1324	100	60096	56244
Current Liability	606	704	767	1054	483	1184	1775	505	53	24612	22912
Other Liabilities & Provisions	-1	-1	-9	-9	-35	-31	-0	-0	0	-1841	-1842
Total Liabilities	5332	5612	5946	6368	9152	10015	11338	12839	11424	104186	100508
Loans	0	0	0	0	0	0	0	0	0	75155	81359
Investments	4727	4829	5067	5374	7840	9146	10070	10070	9202	6902	7153
Fixed Assets	0	0	0	0	0	1	1	1	1	216	208
Other Loans	58	17	38	47	2	1	30	20	25	675	290
Other Non Current Assets	0	0	0	0	0	0	0	0	0	5	36
Current Assets	547	765	841	948	1310	867	1154	2748	1329	21233	11463
Total Assets	5332	5612	5946	6368	9152	10015	11338	12839	11424	104186	100508

L&T Finance Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	49	46	31	40	1	11	0	1	1398	4910	9106
Cash Flow from Operating Activities	84	145	456	-128	-272	775	82	-170	408	6360	637
Cash Flow from Investing Activities	-50	-180	-400	-56	-2191	-1306	-1006	272	-1	-505	859
Cash Flow from Financing Activities	-37	20	-47	144	2474	521	924	1296	-1664	-1659	-7041
Net Cash Inflow / Outflow	-3	-15	9	-40	11	-11	0	1398	-1257	4196	-5544
Closing Cash & Cash Equivalent	46	31	40	1	11	0	1	1398	141	9106	3561

L&T Finance Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.65	0.82	1.15	0.77	1.24	1.24	1.24	0.47	0.88	7.74	9.19
CEPS(Rs)	1.06	1.42	2.01	1.32	1.24	1.24	1.24	0.47	0.88	8.17	9.62
DPS(Rs)	0.69	0.74	0.74	0.74	0.93	0.93	0.83	0	0.5	2	2.5
Book NAV/Share(Rs)	19.05	19.14	20.42	21.13	35.47	35.87	35.55	43.78	44.82	85.41	92.75
Net Profit Margin	76.24	90.02	108.47	89.58	58.53	55.39	56.12	67.76	64.96	14.88	16.84
Operating Margin	102.11	100.22	113.39	104.84	100.02	104.97	101.9	222.91	97.63	64.71	61.78
PBT Margin	76.44	86.72	105.62	88.3	64.39	63.06	59.68	110.24	75.75	19.57	22
ROA(%)	3.62	4.78	6.54	4.04	3.43	2.79	2.5	0.96	1.8	3.32	2.23
ROE(%)	5.58	7.41	10.23	6.35	4.59	3.49	3.47	1.26	1.99	11.9	10.33
ROCE(%)	5.15	5.47	7.03	4.82	5.88	5.27	4.54	3.17	2.71	14.42	8.22
Price/Earnings(x)	105.04	71.32	51.64	149.2	117.81	114.1	38.62	203.77	91.34	10.59	17.22
Price/Book(x)	3.59	3.05	2.9	5.43	4.12	3.95	1.34	2.19	1.8	0.96	1.71
Dividend Yield(%)	1.02	1.27	1.26	0.65	0.64	0.66	1.75	0	0.62	2.44	1.58
EV/Net Sales(x)	55.37	43.65	37.08	85.96	72.22	67.76	28.95	140.08	59.14	7.03	8.2
EV/Core EBITDA(x)	54.2	43.53	32.69	81.97	72.2	64.54	28.38	152.17	60.5	10.95	13.1
Interest Earned Growth(%)	49.77	12.83	19.92	-20.35	63.77	6.06	-1.38	-63.98	96.12	3740.24	5.24
Net Profit Growth	-36.92	33.22	44.49	-34.22	6.99	0.38	-0.09	-56.5	88.01	779.95	19.08
EPS Growth(%)	-61.18	25.67	39.88	-32.82	61.11	0.23	-0.39	-62.04	87.68	777.92	18.64
Interest Coverage(x) %	3.98	7.42	14.59	6.34	2.81	2.5	2.41	1.98	4.46	1.43	1.55

L&T Finance Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	66.23	66.2	66.15	66.11	66.1	66.02	65.9	65.86	66.37	66.29
FII	6.61	6.75	11.24	11.35	13.9	12.12	10.67	11.05	7.33	6.73
DII	5.34	5.35	6.05	6.58	5.29	7.02	9.08	8.7	11.64	12.33
Public	21.82	21.69	16.55	15.96	14.72	14.85	14.36	14.4	14.65	14.65
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	163.92	163.92	163.92	163.92	163.92	163.92	163.92	163.92	165.25	165.25
FII	16.35	16.72	27.86	28.14	34.46	30.09	26.53	27.49	18.26	16.77
DII	13.21	13.25	15	16.33	13.11	17.43	22.58	21.64	28.99	30.72
Public	54	53.7	41.02	39.58	36.5	36.86	35.72	35.83	36.48	36.52
Others	0	0	0	0	0	0	0	0	0	0
Total	247.49	247.6	247.81	247.97	248	248.31	248.76	248.89	248.98	249.27

Pros

Company has delivered good profit growth of 53% CAGR over last 5 years
Company has reduced debt.

Cons

Company has a low return on equity of 8% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.