Is L&T Finance a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that L&T Finance Ltd is a average quality company .

Is L&T Finance undervalued or overvalued?

The key valuation ratios of L&T Finance Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is L&T Finance share price return in the past 10 years?

L&T Finance Ltd share price has appreciated 6.9% annually (CAGR) over the past ten years.

Is L&T Finance a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of L&T Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

L&T Finance Ltd - Stock Valuation and Financial Performance

Name: L&T Finance
Brand: L&T Finance

BSE: 533519 | NSE: LTF | Finance - NBFC | Mid Cap

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L&T Finance Share Price

₹138.55 1.00 0.73%
as on 18-Nov'24 16:59

10 Year X-Ray of L&T Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Operating Income (₹ Cr.)	6,196	7,289	8,341	10,213	13,004	14,106	13,353	11,930	12,775	13,581	15,009
YoY Gr. Rt. %	-	17.6%	14.4%	22.5%	27.3%	8.5%	-5.3%	-10.7%	7.1%	6.3%	-
Adj EPS (₹ )	4	3.7	5	5.9	10.4	7.9	3.9	4.3	6.6	9.3	10.3
YoY Gr. Rt. %	-	-9.2%	35.5%	17.9%	77.1%	-23.8%	-50.2%	10.2%	51.3%	42.3%	-
BVPS (₹ )	34.1	37.5	41.2	52.9	62	67.3	75.2	79.9	86.3	93.7	97.3
YoY Gr. Rt. %	-	9.9%	9.8%	28.4%	17.3%	8.6%	11.7%	6.2%	8%	8.7%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.8	1.5	1.5	1.6	2.4	1.6	0.7	0.8	-0.7	2.3	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	9.1%	0.9%	0.6%	6.3%
Adj EPS	9.8%	-2.1%	33.4%	42.3%
BVPS	11.9%	8.6%	7.6%	8.7%
Share Price	6.9%	8.8%	19.3%	-1.8%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Asset Quality Ratio	To view Asset Quality Ratio Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0	0	0	0	0	0	0	0	0	0	-
Capitalization Ratio	To view Capitalization Ratio Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	0	0	0	0	0	0	0	0	0	0	-
Margins
Net Profit Margin (%)	13.7	11.7	12.5	12.5	17.2	12.1	5.5	7.1	-5.7	17.1	17.1
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	14	12.8	14.1	13.4	18.1	12.2	4.5	4.4	-3.5	10.4	10.6

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Total Income has increased 0.57 CAGR in last 3 years

Net Profit has increased 33.35 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - L&T Finance Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.2	10.3
TTM Sales (₹ Cr.)	15,000	15,009
BVPS (₹.) ⓘ	96.3	97.3
Reserves (₹ Cr.) ⓘ	21,519	21,775
P/BV ⓘ	1.43	1.41
PE ⓘ	13.46	13.32

From the Market
52 Week Low / High (₹)	134.10 / 194.20
All Time Low / High (₹)	37.30 / 198.67
Market Cap (₹ Cr.)	34,309
Equity (₹ Cr.)	2,494.3
Face Value (₹)	10
Industry PE ⓘ	27.6

Management X-Ray of L&T Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of L&T Finance

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of L&T Finance

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	6,375	7,471	8,582	10,795	14,845	16,423	16,171	16,271	15,315	15,738
Interest Income	6,196	7,289	8,341	10,213	13,004	14,106	13,353	11,930	12,775	13,581
Other Income ⓘ	179	182	242	582	1,841	2,317	2,818	4,341	2,540	2,157
Expenditure ⓘ	5,344	6,218	7,503	9,349	11,793	13,743	15,135	15,048	13,184	12,709
Interest Expense ⓘ	3,577	4,133	4,635	5,476	6,898	7,573	7,238	5,773	5,822	5,400
Operating Expenses ⓘ	1,016	1,213	1,226	1,337	1,850	1,860	1,818	2,226	2,781	3,462
Provisions	751	872	1,642	2,536	3,044	4,310	6,079	7,049	4,581	3,847
Exceptional Items ⓘ	144	0	0	0	0	0	226	0	-2,687	0
Profit Before Tax ⓘ	1,175	1,253	1,079	1,446	3,052	2,680	1,261	1,223	-557	3,029
Taxes ⓘ	324	399	36	168	820	980	523	374	172	712
Profit After Tax	851	854	1,042	1,278	2,232	1,700	738	849	-729	2,317
Adjusted EPS (₹)	4.0	3.7	5.0	5.9	10.4	7.9	3.9	4.3	6.6	9.3
Dividend Payout Ratio (%)	18%	20%	15%	16%	9%	11%	0%	12%	31%	27%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Equity Capital	7,740	8,290	8,989	11,407	13,449	14,692	18,773	19,948	21,528	23,438
Share Capital ⓘ	3,084	2,967	2,969	1,996	1,999	2,005	2,469	2,474	2,480	2,489
Reserves ⓘ	4,656	5,324	6,020	9,411	11,450	12,688	16,304	17,474	19,049	20,950
Minority Interest	100	100	119	223	222	220	197	180	89	90
Long Term Borrowings	29,982	37,561	43,486	47,464	57,517	67,751	61,983	56,863	56,456	52,305
Current Liabilities	14,630	17,330	19,059	26,837	33,090	25,403	26,383	28,382	26,427	25,028
Trade Payables	72	69	73	185	136	66	377	439	806	1,222
Short term borrowings	5,989	6,696	11,764	25,946	32,218	24,691	24,963	26,915	24,750	22,403
Other Liabilities	-6,061	-6,646	-11,719	-26,131	-32,355	-24,747	-25,339	-27,269	-25,556	-23,625
Total Liabilities ⓘ	52,452	63,400	71,771	85,931	1,04,278	1,08,076	1,07,336	1,05,458	1,04,501	1,00,861
Assets
Non Current Asset	37,581	47,447	53,722	82,984	98,943	98,976	95,667	94,596	90,492	94,834
Loan Asset	34,572	43,881	49,335	77,088	91,325	91,463	87,030	82,469	75,155	81,359
Other Non Current Asset ⓘ	3,009	3,566	4,388	5,895	7,619	7,513	8,637	12,127	15,338	13,475
Current Asset	14,816	15,953	18,048	2,947	5,335	9,100	11,669	10,861	14,009	6,026
Current Investment	1,606	2,223	3,836	1,510	3,104	744	2,286	1,186	448	428
Other Current Asset	13,210	13,730	14,213	1,437	2,231	8,356	9,383	9,675	13,561	5,598
Total Assets ⓘ	52,452	63,400	71,771	85,931	1,04,278	1,08,076	1,07,336	1,05,458	1,04,501	1,00,861

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-6,614	-9,213	-5,779	-15,640	-11,643	2,162	5,464	6,078	6,718	673
Cash Flow From Investing Activity ⓘ	2	-675	-2,118	1,549	-3,587	160	-2,024	-5,084	-335	849
Cash Flow From Financing Activity ⓘ	6,693	9,426	7,952	14,678	16,008	1,451	-2,091	-3,023	-1,664	-7,037
Net Cash Flow ⓘ	81	-461	55	587	777	3,772	1,349	-2,028	4,720	-5,515

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	4	4	5	6	11	8	4	4	7	9
DPS (₹)	1	1	1	1	1	1	0	1	2	3
BVPS (₹)	37	40	44	57	67	72	75	80	86	94
Performance Ratios
ROA (%)	1.8	1.5	1.5	1.6	2.4	1.6	0.7	0.8	-0.7	2.3
ROE (%)	14.0	12.8	14.1	13.4	18.1	12.2	4.5	4.4	-3.5	10.4
ROCE (%)	10.3	9.8	8.9	8.9	10.4	9.6	7.9	6.6	5.0	8.2
Valuation Parameters
Price/Book(x)	1.7	1.6	2.8	2.8	2.3	0.7	1.3	1.0	1.0	1.7

L&T Finance Ltd Stock News

L&T Finance Ltd FAQs

What is the share price of L&T Finance?

Company share prices are keep on changing according to the market conditions. The closing price of L&T Finance on 18-Nov-2024 16:59 is ₹138.6.

What is the market cap of L&T Finance?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of L&T Finance stood at ₹34,308.7.

What is the P/E ratio of L&T Finance?

The latest P/E ratio of L&T Finance as of 18-Nov-2024 16:59 is 13.46.

What is the P/B ratio of L&T Finance?

The latest P/B ratio of L&T Finance as of 18-Nov-2024 16:59 is 1.43.

What is the 52-week high and low of L&T Finance?

The 52-week high of L&T Finance is ₹194.2 and the 52-week low is ₹134.1.

What is the TTM revenue of L&T Finance?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of L&T Finance is ₹15,000 ( Cr.) .

About L&T Finance Ltd

L&T Finance Holdings was originally incorporated as L&T Capital Holdings Limited on May 1, 2008 under the Companies Act, as a public limited company, to carry on the business of investment/finance. The company received the certificate of commencement of business on May 15, 2008. The company subsequently changed the name to L&T Finance Holdings Limited pursuant to a special resolution passed by the shareholders at a general meeting dated September 1, 2010. Pursuant to the change of name, a fresh certificate of incorporation was granted to the company by the Registrar of Companies on September 6, 2010. The company was registered with the RBI under Section 45-IA of the Reserve Bank of India Act, 1934, as a non-banking financial institution. The company is promoted by Larsen & Toubro Limited, one of the leading companies in India, with interests in engineering, construction, electrical and electronics manufacturing and services, information technology and financial services, as a holding company for its financial services business.

Business area of the company

L&T Finance Holdings is one of India’s most valued and fastest-growing Non-Banking Financial Companies (NBFCs). The company offers a diverse range of financial products and services in rural, housing and infrastructure finance sectors. It also offers Investment management services.

Products offered by the company

Two wheeler Finance
Housing Finance
Farm equipment finance
Mutual fund
Infra finance
Real estate finance
Micro loans

Awards

2015: Association of Renewable Energy Agencies of States (AREAS)- An MNRE Body Award for ‘Promoting renewable energy and contributing towards energy equity, energy accessibility and sustainability in the country’.
2015: Achieved 6th position in Asian Private Banker League Table.
2015: Middleware Excellence award for ‘Effective usage of Mobile Cloud Service’ at Oracle Open World, San Francisco.
2016: Central Board of Irrigation & Power Awards (Govt. of India Organization) for ‘Best Finance Company in Renewable Energy at the annual’.
2017: Golden Peacock Award for ‘Risk Management’.
2017: Oracle Excellence Award for ‘Oracle Cloud Platform Innovation in Connect and Extend Applications with Mobile and Bots’.
2017: RE - Finance Awards for ‘Best Renewable Energy Financier of the Year 2017 for both the Solar and Wind Sector’.
2018: Golden Peacock Award for 'Excellence in Corporate Governance.
2018: L&T Finance Holdings featured in the Forbes India's Super 50 Companies 2018
2018: FINNOVITI 2018 Award for ‘SANGAM’, an Innovation in the two-wheeler business
2020: The Asset Triple A Asia Infrastructure Awards 2020 for Renewable Energy Acquisition Financing Deal of the Year.
2020: The Asset Triple A Asia Infrastructure Awards 2020 for Utility Deal of the Year
2020: FICCI Corporate Social Responsibility Award for ‘Women Empowerment’
2020: Golden Peacock Award for ‘Corporate Social Responsibility’
2020: 10th India Digital Awards for its flagship CSR initiative - Digital Sakhi

Milestones

2008- L&T Finance makes foray into Microfinance.
2008- L&T Finance commence distribution of financial products.
2008- L&T Finance starts financing of capital market products.
2009-2010- L&T Finance taps retail sources to raise funds for the first time - successful back-to-back NCD issuances.
2010- L&T Finance acquires DBS Cholamandalam Asset Management Limited and DBS Cholamandalam Trustees Limited, foraying into mutual funds business L&T Infra receives 'Infrastructure Finance Company' status from RBI.
2011- L&T Finance Holdings has successfully completed the acquisition of Indo Pacific Housing Finance Ltd (IPHF)L&T Finance Holdings Ltd acquires FamilyCredit Ltd. from Societe Generale Consumer FinanceL&T Finance acquires DBS Cholamandalam Asset Management Limited and DBS Cholamandalam Trustees Limited, foraying into the mutual funds business.
2012- Acquisition of Fidelity's mutual fund business in IndiaEntry into 2-wheeler finance by acquiring family credit.
2013- Incorporated L&T capital markets-A platform for wealth management.
2013- L&T Finance Holdings has acquired auto finance company Family Credit Limited.
2017- L&T Finance Holdings launches Micro Loans business in Assam.
2017- L&T Finance Holdings launches Micro Loans business in Bihar.
2018- Centrum Acquires L&T Finances Supply Chain Finance Business.
2019- L&T Financial Services Launches Digital Sakhi in Tamil Nadu.
2019- L&T Finance Launches Sabse Khaas Loan for Two-Wheeler Customers.
2020- IIFL completes acquisition of L&T Finance's wealth management business.