L&T Finance

₹205.6 2.4 | 1.2%

WEBSITE BSE:533519 NSE : LTF 04 Jul, 16:08

Market Cap ₹51360 Cr.

Stock P/E 19.4

P/B 2

Current Price ₹205.6

Book Value ₹ 101.9

Face Value 10

52W High ₹209.8

Dividend Yield 1.34%

52W Low ₹ 129.2

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.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Operating Revenue	3432	3243	3223	3214	3534	3670	3784	4019	4098	4023
Other Income	59	202	153	268	47	6	0	5	8	4
Total Income	3491	3444	3377	3482	3581	3676	3785	4024	4105	4027
Total Expenditure	1356	1309	1270	1331	1375	1619	1482	1575	1676	1581
Operating Profit	2135	2136	2107	2151	2207	2057	2302	2449	2429	2446
Interest Expense	1501	1445	1364	1325	1353	1335	1351	1476	1569	1600
Depreciation	28	29	30	28	29	28	28	33	36	41
Profit Before Tax	-2081	662	714	797	824	694	922	940	824	806
Provision for Tax	-354	246	183	203	185	141	237	243	198	170
Profit After Tax	-1728	417	531	594	639	553	685	697	626	636
Adjustments	2181	84	0	1	1	1	0	-1	1	0
Profit After Adjustments	454	501	531	595	640	554	686	696	626	636
Adjusted Earnings Per Share	1.8	2	2.1	2.4	2.6	2.2	2.8	2.8	2.5	2.5

L&T Finance Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Operating Revenue	6196	7289	8341	10213	13004	14106	13353	11930	12775	13577	15924	15924
Other Income	179	182	242	582	1841	2317	2818	4341	2540	2157	2253	17
Total Income	6375	7471	8582	10795	14845	16423	16171	16271	15315	15734	18177	15941
Total Expenditure	1672	2002	2801	3821	4845	6088	7812	9172	7250	7203	8540	6314
Operating Profit	4703	5469	5782	6974	10000	10335	8359	7099	8064	8530	9637	9626
Interest Expense	3577	4133	4635	5476	6898	7573	7238	5773	5822	5387	6007	5996
Depreciation	96	83	67	52	50	82	86	103	111	115	139	138
Profit Before Tax	1175	1253	1079	1446	3052	2680	1261	1223	-557	3029	3491	3492
Provision for Tax	324	399	36	168	820	980	523	374	172	712	848	848
Profit After Tax	851	854	1042	1278	2232	1700	738	849	-729	2317	2643	2644
Adjustments	4	3	-0	-23	-6	-0	233	221	2352	3	0	0
Profit After Adjustments	855	857	1042	1255	2226	1700	971	1070	1623	2320	2644	2644
Adjusted Earnings Per Share	4	3.7	5	5.8	10.4	7.9	3.9	4.3	6.5	9.3	10.6	10.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	10%	2%	10%
Operating Profit CAGR	13%	11%	-1%	7%
PAT CAGR	14%	46%	9%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	9%	44%	26%	13%
ROE Average	11%	6%	5%	10%
ROCE Average	9%	7%	7%	9%

L&T Finance Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Shareholder's Funds	7740	8409	9107	11407	13449	14692	18773	19948	21528	23438	25564
Minority's Interest	100	100	119	223	222	220	197	180	89	90	67
Borrowings	29401	37031	43230	49302	59289	69203	63593	58286	58294	33029	39594
Current Liability	14630	17330	19059	26837	33090	25403	26383	28382	26427	46042	54996
Other Liabilities & Provisions	581	530	256	-1838	-1772	-1453	-1610	-1423	-1838	-1738	-1594
Total Liabilities	52452	63400	71771	85931	104278	108076	107336	105458	104501	100861	118626
Loans	34572	43881	49335	77088	91325	91463	87030	82469	75155	47012	57912
Investments	1043	1340	2176	3792	5537	5235	6586	10731	13919	9517	6269
Fixed Assets	1184	1313	1230	756	760	789	811	185	533	519	641
Other Loans	367	571	574	699	759	1047	812	827	812	292	314
Other Non Current Assets	471	342	408	253	195	131	101	60	55	695	887
Current Assets	14816	15953	18048	2947	5335	9006	11669	10034	14009	42826	52604
Total Assets	52452	63400	71771	85931	104278	108076	107336	105458	104501	100861	118626

L&T Finance Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Opening Cash & Cash Equivalents	778	859	398	463	1049	1827	5599	6948	4916	9109	3593
Cash Flow from Operating Activities	-6614	-9213	-5779	-15640	-11643	2162	5464	6078	6718	686	-16587
Cash Flow from Investing Activities	2	-675	-2118	1549	-3587	160	-2024	-5084	-335	849	471
Cash Flow from Financing Activities	6693	9426	7952	14678	16008	1451	-2091	-3023	-1664	-7050	15419
Net Cash Inflow / Outflow	81	-461	55	587	777	3772	1349	-2028	4720	-5515	-697
Closing Cash & Cash Equivalent	859	398	453	1049	1827	5599	6948	4916	9109	3593	2896

L&T Finance Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings Per Share (Rs)	4.03	3.66	4.96	5.85	10.36	7.89	3.93	4.33	6.55	9.32	10.6
CEPS(Rs)	4.76	4.62	5.47	5.76	9.88	8.27	3.34	3.85	-2.49	9.77	11.15
DPS(Rs)	0.69	0.69	0.69	0.86	0.86	0.84	0	0.5	2	2.5	2.75
Book NAV/Share(Rs)	34.14	37.51	41.17	52.87	62.01	67.32	75.21	79.89	86.25	93.73	102.03
Net Profit Margin	13.73	11.71	12.5	12.51	17.16	12.05	5.53	7.12	-5.71	17.07	16.6
Operating Margin	76.68	73.9	68.51	67.78	76.52	72.69	63.65	58.65	41.22	61.99	59.64
PBT Margin	18.96	17.19	12.94	14.16	23.47	19	9.45	10.25	-4.36	22.31	21.92
ROA(%)	1.75	1.47	1.54	1.62	2.35	1.6	0.69	0.8	-0.69	2.26	2.41
ROE(%)	14.02	12.76	14.05	13.37	18.1	12.22	4.46	4.43	-3.54	10.36	10.84
ROCE(%)	10.28	9.81	8.86	8.9	10.39	9.6	7.87	6.59	5.02	8.23	8.72
Price/Earnings(x)	14.51	16.17	23.17	24.98	13.69	6.06	24.35	18.62	12.53	16.97	14.46
Price/Book(x)	1.84	1.7	3	2.97	2.46	0.71	1.27	1.01	0.95	1.69	1.5
Dividend Yield(%)	1.27	1.26	0.65	0.64	0.66	1.75	0	0.62	2.44	1.58	1.8
EV/Net Sales(x)	8.62	8.72	9.84	10.33	9.24	6.83	7.77	8.14	7.09	8.21	7.54
EV/Core EBITDA(x)	11.35	11.63	14.2	15.13	12.01	9.33	12.41	13.69	11.24	13.06	12.45
Interest Earned Growth(%)	22.55	17.63	14.43	22.45	27.33	8.47	-5.34	-10.66	7.09	6.27	17.29
Net Profit Growth	43.02	0.35	22.11	22.55	74.72	-23.82	-56.58	15.04	-185.83	417.9	14.08
EPS Growth(%)	42.77	-9.12	35.47	18	77.16	-23.86	-50.15	10.01	51.34	42.4	13.68
Interest Coverage(x) %	1.33	1.3	1.23	1.26	1.44	1.35	1.17	1.21	0.9	1.56	1.58

L&T Finance Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	66.15	66.11	66.1	66.02	65.9	65.86	66.37	66.29	66.25	66.24
FII	11.24	11.35	13.9	12.12	10.67	11.05	7.33	6.73	5.3	5.48
DII	6.05	6.58	5.29	7.02	9.08	8.7	11.64	12.33	12.17	13.29
Public	16.55	15.96	14.72	14.85	14.36	14.4	14.65	14.65	16.27	15
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	163.92	163.92	163.92	163.92	163.92	163.92	165.25	165.25	165.25	165.25
FII	27.86	28.14	34.46	30.09	26.53	27.49	18.26	16.77	13.23	13.66
DII	15	16.33	13.11	17.43	22.58	21.64	28.99	30.72	30.35	33.15
Public	41.02	39.58	36.5	36.86	35.72	35.83	36.48	36.52	40.59	37.42
Others	0	0	0	0	0	0	0	0	0	0
Total	247.81	247.97	248	248.31	248.76	248.89	248.98	249.27	249.43	249.49

Pros

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of 9% over past five 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.