L&T Finance Ltd - Stock Valuation and Financial Performance

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

L&T Finance Share Price

147.90 2.40 1.65%
as on 04-Dec'24 13:29

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

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

&T Finance stock performance -

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P/E Ratio (CD):
14.09
Market Cap:
36,291.6 Cr.
52-wk low:
134.1
52-wk high:
194.2

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

1. Is L&T Finance Ltd 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.

2. Is L&T Finance Ltd 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 Fair zone.

3. Is L&T Finance Ltd 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.

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
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 Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Operating Income (₹ Cr.)6,1967,2898,34110,21313,00414,10613,35311,93012,77513,58115,009
YoY Gr. Rt. %-17.6%14.4%22.5%27.3%8.5%-5.3%-10.7%7.1%6.3%-
Adj EPS (₹ ) 43.755.910.47.93.94.36.69.310.3
YoY Gr. Rt. %--9.2%35.5%17.9%77.1%-23.8%-50.2%10.2%51.3%42.3%-
BVPS (₹ )34.137.541.252.96267.375.279.986.393.797.3
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 (%)1.81.51.51.62.41.60.70.8-0.72.30

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income9.1%0.9%0.6%6.3%
Adj EPS9.8%-2.1%33.4%42.3%
BVPS11.9%8.6%7.6%8.7%
Share Price 8.2% 6% 23.3% -3.8%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
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 (%)13.711.712.512.517.212.15.57.1-5.717.117.1
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)1412.814.113.418.112.24.54.4-3.510.410.6

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 1.51 1.50
PE 14.24 14.09
From the Market
52 Week Low / High (₹) 134.10 / 194.20
All Time Low / High (₹) 37.30 / 198.67
Market Cap (₹ Cr.) 36,292
Equity (₹ Cr.) 2,494.3
Face Value (₹) 10
Industry PE 28.8

Management X-Ray of L&T Finance:

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

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Analyst's Notes

Key Ratios of L&T Finance

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income6,3757,4718,58210,79514,84516,42316,17116,27115,31515,738
Interest Income6,1967,2898,34110,21313,00414,10613,35311,93012,77513,581
Other Income 1791822425821,8412,3172,8184,3412,5402,157
Expenditure 5,3446,2187,5039,34911,79313,74315,13515,04813,18412,709
Interest Expense 3,5774,1334,6355,4766,8987,5737,2385,7735,8225,400
Operating Expenses 1,0161,2131,2261,3371,8501,8601,8182,2262,7813,462
Provisions 7518721,6422,5363,0444,3106,0797,0494,5813,847
Exceptional Items 144000002260-2,6870
Profit Before Tax 1,1751,2531,0791,4463,0522,6801,2611,223-5573,029
Taxes 32439936168820980523374172712
Profit After Tax 8518541,0421,2782,2321,700738849-7292,317
Adjusted EPS (₹)4.03.75.05.910.47.93.94.36.69.3
Dividend Payout Ratio (%)18%20%15%16%9%11%0%12%31%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital7,7408,2908,98911,40713,44914,69218,77319,94821,52823,438
Share Capital 3,0842,9672,9691,9961,9992,0052,4692,4742,4802,489
Reserves 4,6565,3246,0209,41111,45012,68816,30417,47419,04920,950
Minority Interest1001001192232222201971808990
Long Term Borrowings29,98237,56143,48647,46457,51767,75161,98356,86356,45652,305
Current Liabilities 14,63017,33019,05926,83733,09025,40326,38328,38226,42725,028
Trade Payables726973185136663774398061,222
Short term borrowings5,9896,69611,76425,94632,21824,69124,96326,91524,75022,403
Other Liabilities-6,061-6,646-11,719-26,131-32,355-24,747-25,339-27,269-25,556-23,625
Total Liabilities 52,45263,40071,77185,9311,04,2781,08,0761,07,3361,05,4581,04,5011,00,861

Assets

Non Current Asset 37,58147,44753,72282,98498,94398,97695,66794,59690,49294,834
Loan Asset 34,57243,88149,33577,08891,32591,46387,03082,46975,15581,359
Other Non Current Asset 3,0093,5664,3885,8957,6197,5138,63712,12715,33813,475
Current Asset 14,81615,95318,0482,9475,3359,10011,66910,86114,0096,026
Current Investment1,6062,2233,8361,5103,1047442,2861,186448428
Other Current Asset13,21013,73014,2131,4372,2318,3569,3839,67513,5615,598
Total Assets 52,45263,40071,77185,9311,04,2781,08,0761,07,3361,05,4581,04,5011,00,861

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -6,614-9,213-5,779-15,640-11,6432,1625,4646,0786,718673
Cash Flow From Investing Activity 2-675-2,1181,549-3,587160-2,024-5,084-335849
Cash Flow From Financing Activity 6,6939,4267,95214,67816,0081,451-2,091-3,023-1,664-7,037
Net Cash Flow 81-461555877773,7721,349-2,0284,720-5,515
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)44561184479
DPS (₹)1111110123
BVPS (₹)37404457677275808694

Performance Ratios

ROA (%)1.81.51.51.62.41.60.70.8-0.72.3
ROE (%)14.012.814.113.418.112.24.54.4-3.510.4
ROCE (%)10.39.88.98.910.49.67.96.65.08.2

Valuation Parameters

Price/Book(x)1.71.62.82.82.30.71.31.01.01.7

L&T Finance Ltd Stock News

L&T Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of L&T Finance on 04-Dec-2024 13:29 is ₹147.9.
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 04-Dec-2024 13:29 the market cap of L&T Finance stood at ₹36,291.6.
The latest P/E ratio of L&T Finance as of 04-Dec-2024 13:29 is 14.24.
The latest P/B ratio of L&T Finance as of 04-Dec-2024 13:29 is 1.51.
The 52-week high of L&T Finance is ₹194.2 and the 52-week low is ₹134.1.
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.
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