L&T Finance Holdings Ltd - Stock Valuation and Financial Performance

BSE: 533519 | NSE: L&TFH | Finance - NBFC | Mid Cap

L&T Finance Holdings Share Price

158.85 0.00 0.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on L&T Finance Holdings

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

&T Finance Holdings stock performance -

mw4me loader
P/E Ratio (CD):
17.36
Market Cap:
39,362.6 Cr.
52-wk low:
79.3
52-wk high:
179

Is L&T Finance Holdings Ltd an attractive stock to invest in?

1. Is L&T Finance Holdings Ltd a good quality company?

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

2. Is L&T Finance Holdings Ltd undervalued or overvalued?

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

3. Is L&T Finance Holdings Ltd a good buy now?

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

10 Year X-Ray of L&T Finance Holdings:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
L&T Finance Holdings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)5,0566,1967,2898,34110,21313,00414,10613,35311,93012,77513,187
YoY Gr. Rt. %-22.6%17.6%14.4%22.5%27.3%8.5%-5.3%-10.7%7.1%-
Adj EPS (₹ ) 2.843.755.910.47.93.94.36.69.1
YoY Gr. Rt. %-42.9%-9.2%35.5%17.9%77.1%-23.8%-50.2%10.2%51.3%-
BVPS (₹ )31.534.137.541.252.96267.375.279.986.391.7
YoY Gr. Rt. %-8.4%9.9%9.8%28.4%17.3%8.6%11.7%6.2%8%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.51.81.51.51.62.41.60.70.8-0.70

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income10.9%4.6%-3.3%7.1%
Adj EPS9.8%2.3%-6%51.3%
BVPS11.9%10.3%8.6%8%
Share Price 8.7% 2.3% 18.7% 96.4%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)11.813.711.712.512.517.212.15.57.1-5.717.2
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)10.51412.814.113.418.112.24.54.4-3.59.9

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.20%

Total income growth is good in last 4 quarters

Total Income has declined 5.64 CAGR in last 3 years

Net Profit has declined -6.02 CAGR in last 3 years

Latest Financials - L&T Finance Holdings Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 9.1
TTM Sales (₹ Cr.) 3,756 13,187
BVPS (₹.) 56.2 91.7
Reserves (₹ Cr.) 11,500 20,342
P/BV 2.81 1.72
PE 48.99 17.36
From the Market
52 Week Low / High (₹) 79.34 / 179.00
All Time Low / High (₹) 37.30 / 198.67
Market Cap (₹ Cr.) 39,363
Equity (₹ Cr.) 2,488.9
Face Value (₹) 10
Industry PE 31

Management X-Ray of L&T Finance Holdings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of L&T Finance Holdings

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income5,2376,3757,4718,58210,79514,84516,42316,17116,27116,151
Interest Income5,0566,1967,2898,34110,21313,00414,10613,35311,93012,775
Other Income 1811791822425821,8412,3172,8184,3413,376
Expenditure 4,4125,3446,2187,5039,34911,79313,74315,13515,04814,020
Interest Expense 3,0813,5774,1334,6355,4766,8987,5737,2385,7735,822
Operating Expenses 8601,0161,2131,2261,3371,8501,8601,8182,2262,781
Provisions 4717518721,6422,5363,0444,3106,0797,0495,417
Exceptional Items 0144000002260-2,687
Profit Before Tax 8251,1751,2531,0791,4463,0522,6801,2611,223-557
Taxes 23032439936168820980523374172
Profit After Tax 5958518541,0421,2782,2321,700738849-729
Adjusted EPS (₹)2.84.03.75.05.910.47.93.94.36.6
Dividend Payout Ratio (%)25%18%20%15%16%9%11%0%12%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital6,8267,7408,2908,98911,40713,44914,69218,77319,94821,528
Share Capital 2,7183,0842,9672,9691,9961,9992,0052,4692,4742,480
Reserves 4,1074,6565,3246,0209,41111,45012,68816,30417,47419,049
Minority Interest010010011922322222019718089
Long Term Borrowings23,76429,98237,56143,48647,46457,51767,75161,98356,86355,957
Current Liabilities 14,05314,63017,33019,05926,83733,09025,41326,38328,38226,927
Trade Payables3772697318513666377439806
Short term borrowings4,5475,9896,69611,76425,94632,21824,69124,96326,91525,249
Other Liabilities-4,584-6,061-6,646-11,719-26,131-32,355-24,757-25,339-27,269-26,055
Total Liabilities 44,64452,45263,40071,77185,9311,04,2781,08,0761,07,3361,05,4581,04,501

Assets

Non Current Asset 30,56737,58147,44753,72282,98498,94399,07095,66794,59690,492
Loan Asset 27,86434,57243,88149,33577,08891,32591,46387,03082,46975,155
Other Non Current Asset 2,7033,0093,5664,3885,8957,6197,6088,63712,12715,338
Current Asset 14,07614,81615,95318,0482,9475,3359,00611,66910,86114,009
Current Investment1,7411,6062,2233,8361,5103,1047442,2861,186448
Other Current Asset12,33613,21013,73014,2131,4372,2318,2629,3839,67513,561
Total Assets 44,64452,45263,40071,77185,9311,04,2781,08,0761,07,3361,05,4581,04,501

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -6,083-6,614-9,213-5,779-15,640-11,6432,1625,4646,0787,490
Cash Flow From Investing Activity -1,0322-675-2,1181,549-3,587160-2,024-5,084-1,107
Cash Flow From Financing Activity 7,6026,6939,4267,95214,67816,0081,451-2,091-3,023-1,664
Net Cash Flow 48781-461555877773,7721,349-2,0284,720
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)34456118447
DPS (₹)1111111012
BVPS (₹)34374044576772758086

Performance Ratios

ROA (%)1.51.81.51.51.62.41.60.70.8-0.7
ROE (%)10.514.012.814.113.418.112.24.54.4-3.5
ROCE (%)10.110.39.88.98.910.49.67.96.65.0

Valuation Parameters

Price/Book(x)2.21.71.62.82.82.30.71.31.01.0

L&T Finance Holdings Ltd Stock News

L&T Finance Holdings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of L&T Finance Holdings on 28-Mar-2024 16:01 is ₹158.8.
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 28-Mar-2024 16:01 the market cap of L&T Finance Holdings stood at ₹39,362.6.
The latest P/E ratio of L&T Finance Holdings as of 28-Mar-2024 16:01 is 48.99.
The latest P/B ratio of L&T Finance Holdings as of 28-Mar-2024 16:01 is 2.81.
The 52-week high of L&T Finance Holdings is ₹179.0 and the 52-week low is ₹79.34.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of L&T Finance Holdings is ₹3,756 ( Cr.) .

About L&T Finance Holdings 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.