Is L&T Finance Ltd (LTF) a good quality company?

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

Is L&T Finance Ltd (LTF) 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 overvalued zone .

What is L&T Finance Ltd (LTF) share price return in the past 10 years?

L&T Finance Ltd share price has appreciated 15.6% annually (CAGR) over the past ten years.

Is L&T Finance Ltd (LTF) a good buy now?

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

What is the share price of L&T Finance Ltd (LTF)?

Company share prices are keep on changing according to the market conditions. The current trading price of L&T Finance Ltd (LTF) on 05-May-2026 16:59:59 at 16:59 is 290.25.

What is the market cap of L&T Finance Ltd (LTF)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-May-2026 at 16:59, the market cap of L&T Finance stood at Rs. 72720.70 Cr.

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

The latest standalone P/E ratio of L&T Finance as of 05-May-2026 is 23.46.

What is the P/B ratio of L&T Finance Ltd (LTF)?

The latest standalone P/B ratio of L&T Finance Ltd (LTF) as of 05-May-2026 is 2.61.

What is the 52-week high and low of L&T Finance Ltd (LTF)?

The 52-week high of L&T Finance Ltd (LTF) is Rs. 329.40 and the 52-week low is Rs. 156.20.

What is the TTM revenue of L&T Finance Ltd (LTF)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of L&T Finance is Rs. 18049.65 (Cr.).

L&T Finance Ltd (LTF) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: L&T Finance Ltd (LTF)
Brand: L&T Finance

10 Year X-Ray :

Analysis of Financial Track Record

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

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Operating Income (₹ Cr.)	7,289	8,341	10,213	12,990	14,106	13,353	11,930	12,775	13,577	15,924	17,914
YoY Gr. Rt. %	-	14.4%	22.5%	27.2%	8.6%	-5.3%	-10.7%	7.1%	6.3%	17.3%	-
Adj EPS (₹ )	3.7	5	5.9	10.4	7.9	3.9	4.3	6.6	9.3	10.6	11.9
YoY Gr. Rt. %	-	35.5%	17.9%	77.1%	-23.8%	-50.2%	10.2%	51.3%	42.3%	13.7%	-
BVPS (₹ )	37.5	41.2	52.9	62	67.3	75.2	79.9	86.3	93.7	102	111.7
YoY Gr. Rt. %	-	9.8%	28.4%	17.3%	8.6%	11.7%	6.2%	8%	8.7%	8.9%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.5	1.5	1.6	2.4	1.6	0.7	0.8	-0.7	2.3	2.4	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	9.1%	2.5%	10.1%	17.3%
Adj EPS	12.5%	6.1%	34.8%	13.7%
BVPS	11.8%	8.7%	8.5%	8.9%
Share Price	15.6%	27.8%	45.2%	76.8%

Key Financial Ratios


RATIOS \ YEARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	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 (%)	11.7	12.5	12.5	17.2	12.1	5.5	7.1	-5.7	17.1	16.6	16.6
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	12.8	14.1	13.4	18.1	12.2	4.5	4.4	-3.5	10.4	10.8	10.7

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.10%

Total Income has increased 10.11 CAGR in last 3 years

Net Profit has increased 34.77 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

	Standalone	Consolidated
TTM EPS (₹)	12.4	11.9
TTM Sales (₹ Cr.)	18,050	17,914
BVPS (₹) ⓘ	111.1	111.7
Reserves (₹ Cr.) ⓘ	25,329	25,479
P/BV ⓘ	2.61	2.60
PE ⓘ	23.46	24.39

From the Market
52 Week Low / High (₹)	156.20 / 329.40
All Time Low / High (₹)	37.30 / 329.40
Market Cap (₹ Cr.)	72,721
Equity (₹ Cr.)	2,505.5
Face Value (₹)	10
Industry PE ⓘ	28.1

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Income +	8,582	10,795	14,830	16,423	16,171	16,271	15,315	15,734	18,177	20,182
Interest Income	8,341	10,213	12,990	14,106	13,353	11,930	12,775	13,577	15,924	17,914
Other Income ⓘ	1,642	2,536	3,030	4,310	6,079	7,049	4,581	3,824	4,727	5,056
Exceptional Items ⓘ	242	582	1,841	2,317	2,818	4,341	2,540	2,157	2,253	2,268
Expenditure ⓘ +	7,503	9,349	11,778	13,743	15,135	15,048	13,184	12,705	14,686	16,155
Interest Expense ⓘ	4,635	5,476	6,898	7,573	7,238	5,773	5,822	5,387	6,152	6,915
Operating Expenses ⓘ	1,226	1,337	1,850	1,860	1,818	2,226	2,781	3,495	3,807	4,184
Provisions	1,642	2,536	3,030	4,310	6,079	7,049	4,581	3,824	4,727	5,056
Exceptional Items ⓘ	0	0	0	0	226	0	-2,687	0	0	-29
Profit Before Tax ⓘ	1,079	1,446	3,052	2,680	1,261	1,223	-557	3,029	3,491	3,998
Taxes ⓘ	36	168	820	980	523	374	172	712	848	1,015
Profit After Tax	1,042	1,278	2,232	1,700	738	849	-729	2,317	2,643	2,983
Adjusted EPS (₹)	5.0	5.9	10.4	7.9	3.9	4.3	6.6	9.3	10.6	11.9
Dividend Payout Ratio (%)	15%	15.90%	9%	10.60%	0%	11.60%	30.60%	26.80%	26%	23.10%

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Equity Capital +	8,989	11,407	13,449	14,692	18,773	19,948	21,528	23,438	25,564	27,984
Share Capital ⓘ	2,969	1,996	1,999	2,005	2,469	2,474	2,480	2,489	2,495	2,504
Reserves ⓘ	6,020	9,411	11,450	12,688	16,304	17,474	19,049	20,950	23,069	25,479
Short term borrowings	11,764	22,961	36,045	35,273	36,830	34,968	42,428	43,512	52,653	56,700
Long Term Borrowings	43,486	50,459	53,698	57,294	50,147	48,855	38,846	31,291	37,999	51,867
Current Liabilities	19,059	23,842	36,909	35,860	38,219	36,390	44,038	46,042	54,996	60,482
Trade Payables	73	164	120	65	372	433	806	1,222	1,372	1,770
Other Liabilities	-11,719	-23,125	-36,164	-35,328	-37,202	-35,316	-43,234	-44,734	-54,025	-58,470
Total Liabilities ⓘ	71,771	85,931	1,04,278	1,08,076	1,07,336	1,05,458	1,04,501	1,00,861	1,18,626	1,40,383
Assets
Non Current Asset +	53,723	81,473	96,957	98,180	95,422	90,334	83,910	90,346	1,01,832	1,26,230
Loan Asset	49,335	77,088	91,325	91,463	87,030	82,469	75,155	81,359	93,773	1,17,821
Other Non Current Asset ⓘ	4,388	4,384	5,633	6,718	8,391	7,865	8,755	8,987	8,059	8,409
Current Asset +	18,048	4,458	7,321	9,896	11,915	15,124	20,591	10,515	16,794	14,153
Current Investment	3,836	2,893	4,945	1,781	3,226	5,339	7,541	4,904	5,658	5,422
Other Current Asset	14,213	1,565	2,376	8,115	8,689	9,785	13,050	5,611	11,136	8,731
Total Assets ⓘ	71,771	85,931	1,04,278	1,08,076	1,07,336	1,05,458	1,04,501	1,00,861	1,18,626	1,40,383

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ	-5,779	-15,640	-11,643	2,162	5,464	6,078	6,718	686	-16,587	-14,189
Cash Flow From Investing Activity ⓘ	-2,118	1,549	-3,587	160	-2,024	-5,084	-335	849	472	367
Cash Flow From Financing Activity ⓘ	7,952	14,678	16,008	1,451	-2,091	-3,023	-1,664	-7,050	15,419	15,415
Net Cash Flow ⓘ	55	587	777	3,772	1,349	-2,028	4,720	-5,515	-697	1,593

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Operational & Financial Ratios
EPS (₹)	5.30	6.30	11.10	8.50	3.90	4.30	6.60	9.30	10.60	11.90
DPS (₹)	0.80	1	1	0.90	0	0.50	2	2.50	2.80	2.80
BVPS (₹)	44.3	56.8	66.7	72.4	75.2	79.9	86.3	93.7	102	111.5
Performance Ratios
ROA (%)	1.5	1.6	2.4	1.6	0.7	0.8	-0.7	2.3	2.4	2.3
ROE (%)	14.1	13.4	18.1	12.2	4.5	4.4	-3.5	10.4	10.8	11.2
ROCE (%)	8.9	8.9	10.4	9.6	7.9	6.6	5.0	8.2	8.9	8.5
Valuation Parameters
Price/Book(x)	2.8	2.8	2.3	0.7	1.3	1.0	1.0	1.7	1.5	2.2

About L&T Finance Ltd

L&T Finance (LTF) (formerly Known as L&T Finance Holdings), headquartered in Mumbai and part of the illustrious L&T group, is a leading upper layer Non-Banking Financial Company (NBFC) in India, offering lending options and catering to diverse financing needs of both urban and rural segments. LTF is deeply committed to upholding the legacy of its parent company, Larsen and Toubro (L&T). The L&T Group, a respected name in India's private sector for many decades, is characterised by professionalism and high standards of corporate governance. Driven by innovation and a customer-centric philosophy developed many decades, Company has established a strong national presence. Through digital transformation and innovation, LTF enhances accessibility and promotes financial inclusion.

Business area of the company

L&T Finance has established itself as one of the nation’s foremost NBFCs, playing a pivotal role in India’s financial ecosystem. The company has consistently demonstrated its commitment to empowering individuals and businesses, providing financial solutions that connect aspirations to opportunities, catering to diverse demographics, from unserved and underserved rural areas to urban centres.

Loans offered by the company

Home Loan
Personal Loan
Two-Wheeler Loan
Business Loan
Rural Business Finance
Farmer Loan
Loan Against Property
Gold Loan

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
2021-22: SAP ACE Awards 2021 The Disruptor Best Finance Transformation (December 2021)
2021-22: Quantics BFSI Excellence Awards Technology Leader Infra Finance (August 2021)
2022-23: Best Enterprise Security at the BFSI Technology Conclave 2023
2022-23: Anti-Fraud Award at the 5th Annual Anti-Fraud Conclave and Award
2022-23: Overall ESG Leadership by ESG India Leadership Award 2022
2022-23: ICC - Environment Excellence Awards 2022 (Certification of Appreciation)
2022-23: Mahatma Award for Reporting and Transparency
2023-24: Sustainability Summit and Awards at the UBS Forums Awards
2023-24: 6th Indian Chamber of Commerce Social Impact Awards 2024
2023-24: ET Legal Awards 2023
2023-24:16th NBFC &Fintech Conclave and Awards 2023
2023-24: 4th Annual BFSI Excellence Awards 2023
2024-25: FAME national award 2024 platinum award towards excellence in best CSR practices
2024-25: Bronze award in the best digital brand strategy category
2024-25: Best digital campaign award
2024-25: Gold for the best influencer led product launch

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 Finance L&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.
2022: L&T Finance Holdings’ arm, Hero Electric enter into partnership to offer easy financing solutions
2022: L&T Finance Holdings’ arm secures first Rs 200 crore Sustainability Linked Rupee Loan
2023: L&T Finance Holdings completes merger of subsidiaries with itself
2025: L&T Finance launches Knowledgeable AI on new corporate website
2025: L&T Finance enters into gold loan business
2025: L&T Finance partners with Google Pay to offer personal loans

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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L&T Finance Ltd (LTF) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

L&T Finance Share Price