L&T Finance Ltd

L&T Finance Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L&T Finance Ltd

₹ 137 -1.32%
26 Dec - close price
ltfs.com BSE: 533519 NSE: LTF
About

L&T Finance Ltd. is a NBFC, offering a range of financial products and services. [1]
Company has filed requisite application for necessary registration as Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC)[2]

Key Points

Name Change[1]
In Mar'24, Company changed its name from "L&T Finance Holding Ltd. to L&T Finance Ltd.""

Website BSE NSE
  • Market Cap ₹ 34,114 Cr.
  • Current Price ₹ 137
  • High / Low ₹ 194 / 134
  • Stock P/E 13.4
  • Book Value ₹ 96.3
  • Dividend Yield 1.83 %
  • ROCE 8.20 %
  • ROE 10.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 53.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 36.6%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.70% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 BSE 250 LargeMidCap Index BSE 500 BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
24 16 268 20 111 3,399 3,324 3,158 3,214 3,533 3,670 3,782 4,015
5 8 5 5 18 1,302 1,235 1,215 1,343 1,381 1,632 1,491 1,583
Operating Profit 20 9 263 15 93 2,096 2,089 1,942 1,871 2,152 2,038 2,291 2,432
OPM % 81% 53% 98% 77% 84% 62% 63% 62% 58% 61% 56% 61% 61%
3 5 3 3 286 -53 202 154 262 48 6 1 5
Interest 28 16 2 2 2 1,501 1,445 1,364 1,325 1,353 1,335 1,351 1,476
Depreciation 0 0 0 0 0 28 27 28 27 28 26 27 32
Profit before tax -6 -2 264 16 377 515 819 704 781 818 683 913 929
Tax % 236% 415% 6% 63% 13% 18% 30% 26% 26% 22% 20% 26% 26%
-19 -10 249 6 326 424 577 524 581 636 545 679 689
EPS in Rs -0.08 -0.04 1.01 0.02 1.32 1.71 2.33 2.11 2.34 2.56 2.19 2.73 2.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
438 291 327 427 315 461 498 502 191 350 12,898 13,574 15,000
41 28 36 32 24 23 20 37 34 22 5,155 5,561 6,087
Operating Profit 397 263 291 395 291 438 478 465 158 328 7,743 8,013 8,914
OPM % 91% 90% 89% 92% 92% 95% 96% 93% 82% 94% 60% 59% 59%
-1 0 0 1 0 17 28 20 225 0 698 469 59
Interest 28 66 39 27 46 162 202 201 193 73 5,812 5,387 5,516
Depreciation 0 0 0 0 0 0 0 0 1 0 106 109 113
Profit before tax 367 197 252 368 245 293 304 284 189 254 2,524 2,987 3,344
Tax % 15% 0% -4% -3% -1% 9% 12% 6% 39% 14% 24% 23%
311 196 262 378 249 266 267 267 116 218 1,920 2,286 2,549
EPS in Rs 1.47 0.93 1.24 1.75 1.15 1.08 1.09 1.08 0.47 0.88 7.74 9.19 10.24
Dividend Payout % 41% 66% 53% 37% 56% 75% 75% 68% 0% 57% 26% 27%
Compounded Sales Growth
10 Years: 47%
5 Years: 94%
3 Years: 314%
TTM: 15%
Compounded Profit Growth
10 Years: 28%
5 Years: 54%
3 Years: 304%
TTM: 29%
Stock Price CAGR
10 Years: 8%
5 Years: 4%
3 Years: 21%
1 Year: -12%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,717 1,718 1,720 1,753 1,756 1,996 1,999 2,005 2,469 2,474 2,480 2,489 2,493
Reserves 1,814 1,809 1,826 2,221 2,355 5,678 5,832 5,840 8,541 8,797 18,839 20,706 21,519
1,495 1,660 1,912 1,811 2,187 1,499 2,200 3,461 1,773 105 83,105 76,603 84,985
485 146 155 170 80 14 19 32 56 48 1,603 2,552 2,434
Total Liabilities 5,511 5,333 5,614 5,955 6,378 9,187 10,049 11,338 12,840 11,424 106,027 102,351 111,430
1 0 0 0 0 0 1 1 1 1 216 208 267
CWIP 0 0 0 0 0 0 0 0 0 0 5 36 0
Investments 4,875 4,925 5,106 5,571 5,644 7,840 9,146 10,070 10,070 9,202 14,402 12,375 12,445
635 408 507 384 734 1,346 902 1,267 2,769 2,221 91,404 89,733 98,718
Total Assets 5,511 5,333 5,614 5,955 6,378 9,187 10,049 11,338 12,840 11,424 106,027 102,351 111,430

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
139 84 145 456 -128 -272 775 82 -170 408 6,360 637
-1,584 -50 -180 -400 -56 -2,191 -1,306 -1,006 272 -1 -505 859
1,490 -37 20 -47 144 2,474 521 924 1,296 -1,664 -1,659 -7,040
Net Cash Flow 45 -3 -15 9 -40 11 -11 0 1,398 -1,257 4,196 -5,544

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 46 7 0 0 0 0 7
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 46 7 0 0 0 0 7
Working Capital Days -611 70 337 108 690 213 209 65 -24 887 2 -18
ROCE % 4% 5% 5% 7% 5% 6% 5% 5% 1% 3% 14% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.50% 66.26% 66.23% 66.20% 66.15% 66.11% 66.10% 66.02% 65.90% 65.86% 66.37% 66.29%
7.86% 6.91% 6.61% 6.75% 11.24% 11.35% 13.90% 12.11% 10.67% 11.04% 7.34% 6.73%
6.11% 4.57% 5.34% 5.35% 6.05% 6.58% 5.29% 7.02% 9.07% 8.69% 11.64% 12.33%
22.53% 22.26% 21.82% 21.69% 16.56% 15.96% 14.73% 14.85% 14.36% 14.39% 14.66% 14.66%
No. of Shareholders 7,67,7157,86,1137,63,7097,50,8857,07,0707,08,2376,63,7696,95,0236,87,7217,11,5557,39,1807,87,291

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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