L&T Finance Ltd
LTFL&T Finance Ltd
LTF
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 17.93 | 1.89 | 1.40% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.47 | 2.57 | 0.77% |
Forecast & Ratings
Detailed Forecast from 18 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
L&T Finance Limited is an India-based non-banking financial company offering personal loans, two-wheeler loans, home loans, rural business loans, farm loans, and SME loans.
Peers
Compare with peersÂBajaj Finance Ltd
Jio Financial Services Ltd
Cholamandalam Investment and Finance Company Ltd
Bajaj Housing Finance Ltd
Shriram Finance Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7,470.69 | 8,572.31 | 10,266.26 | 13,368.82 | 14,476.75 | 14,189.59 | 12,523.56 | 15,567.07 | 14,055.12 | 14,525.26 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 11,173.92 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 487.69 | 493.52 | 408.70 | 824.73 | 1,062.32 | 938.07 | 1,094.84 | 1,405.93 | 1,806.37 | |||||||||||
| Selling & Administrative Expenses | 531.68 | 471.70 | 892.47 | 1,826.17 | 1,047.79 | 1,459.98 | 2,410.72 | 2,254.72 | 2,373.16 | |||||||||||
| Operating & Other expenses | 5,115.84 | 6,460.89 | 7,467.40 | 7,616.32 | 9,604.97 | 10,233.89 | 7,492.50 | 10,086.33 | 6,731.79 | |||||||||||
EBITDA | 1,335.48 | 1,146.20 | 1,497.69 | 3,101.60 | 2,761.67 | 1,557.65 | 1,525.50 | 1,820.09 | 3,143.80 | 3,351.34 | ||||||||||
| Depreciation/Amortization | 82.81 | 67.30 | 51.93 | 49.62 | 81.59 | 85.66 | 102.64 | 111.24 | 114.77 | 113.62 | ||||||||||
| PBIT | 1,252.67 | 1,078.90 | 1,445.76 | 3,051.98 | 2,680.08 | 1,471.99 | 1,422.86 | 1,708.85 | 3,029.03 | 3,237.72 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 1,252.67 | 1,078.90 | 1,445.76 | 3,051.98 | 2,680.08 | 1,471.99 | 1,422.86 | 1,708.85 | 3,029.03 | 3,237.72 | ||||||||||
| Taxes & Other Items | 395.98 | 36.72 | 191.08 | 825.68 | 979.91 | 501.05 | 352.75 | 85.60 | 708.93 | 763.04 | ||||||||||
| Net Income | 856.69 | 1,042.18 | 1,254.68 | 2,226.30 | 1,700.17 | 970.94 | 1,070.11 | 1,623.25 | 2,320.10 | 2,474.68 | ||||||||||
| EPS | 4.59 | 5.52 | 6.22 | 10.37 | 7.90 | 4.20 | 4.33 | 6.55 | 9.34 | 9.94 | ||||||||||
| DPS | 0.74 | 0.74 | 0.93 | 0.93 | 0.84 | 0.00 | 0.50 | 2.00 | 2.50 | 4.50 | ||||||||||
| Payout ratio | 0.16 | 0.13 | 0.15 | 0.09 | 0.11 | 0.00 | 0.12 | 0.31 | 0.27 | 0.45 |
Company Updates
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| L&T Finance Ltd | 19.12 | 1.89 | 1.40% |
| Bajaj Finance Ltd | 32.49 | 6.12 | 0.47% |
| Jio Financial Services Ltd | 137.26 | 1.58 | — |
| Cholamandalam Investment and Finance Company Ltd | 39.23 | 6.85 | 0.13% |
Price Comparison
Compare LTF with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 3.71%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 3.53%
Top 5 Mutual Funds holding L&T Finance Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Mirae Asset Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6435% | Percentage of the fund’s portfolio invested in the stock 0.68% | Change in the portfolio weight of the stock over the last 3 months 0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 61/80 (0) |
DSP Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5180% | Percentage of the fund’s portfolio invested in the stock 1.14% | Change in the portfolio weight of the stock over the last 3 months -0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 51/67 (-4) |
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5138% | Percentage of the fund’s portfolio invested in the stock 0.56% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 87/98 (-11) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 18, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Jun 18, 2024
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jul 21, 2023
Cash Dividend
Ex DateEx DateJul 1, 2022
Dividend/Share
₹0.50
Ex DateEx Date
Jul 1, 2022
Cash Dividend
Ex DateEx DateMar 26, 2020
Dividend/Share
₹0.90
Ex DateEx Date
Mar 26, 2020
Cash Dividend
Ex DateEx DateJul 19, 2019
Dividend/Share
₹1.00
Ex DateEx Date
Jul 19, 2019
L&T Finance has allotted 1,00,000 Partly Paid, Listed, Secured, Rated, Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 each, aggregating to Rs. 1000 crore through private placement basis on 13 September 2024. Powered by Capital Market - Live
The said NCDs have a tenor of 931 days and the redemption date for the same is 25 March 2027. The coupon rate for the aforementioned debt instrument is 7.9918 % p.a. payable annually and on maturity. The debentures have been secured by an exclusive and first ranking charge by way of hypothecation over identified fixed deposits of the company and/or an exclusive and first ranking charge by way of hypothecation on identified standard receivables (hypothecated assets) of the issuer, to the extent that the principal amount of such hypothecated assets (or amount in case of fixed deposits) is equivalent to 1 time of the principal amount and coupon outstanding. In case of default in payment of coupon rate and/or principal redemption on the due dates, additional interest of at 2% per annum over the coupon rate shall be payable by the company for the defaulting period. L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. The company had reported 29.11% increase in consolidated net profit to Rs 685.51 crore on 12.08% rise in total income to Rs 3,784.61 crore in Q1 FY25 over Q1 FY24. The scrip fell 2.99% to currently trade at Rs 165.40 on the BSE. Powered by Capital Market - Live
L&T Finance has today allotted 17,500 Listed, Secured, Rated, Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 each, aggregating to Rs. 175 crore through private placement basis. Powered by Capital Market - Live
Buy L&T Finance, target price Rs 230: Motilal Oswal
L&T Finance Q1 Results Review - Strong Quarter; Stable Asset Quality Metrics: ICICI Securities
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L&T Finance Q1 Results Review - Strategic Shift To Retail Reaping Dividends; Maintaining A Buy: Anand Rathi
Good monsoons, stable credit quality to help in improving our performance: Sudipta Roy, L&T Finance
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 1.01%, vs industry avg of 15.21%
Decreasing Market Share
Over the last 5 years, market share decreased from 10.7% to 5.99%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 0.83%, vs industry avg of 20.98%