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

₹ 138 -1.41%
21 Nov - 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 ₹ 34,356 Cr.
  • Current Price ₹ 138
  • High / Low ₹ 194 / 134
  • Stock P/E 13.4
  • Book Value ₹ 97.4
  • Dividend Yield 1.82 %
  • ROCE 8.22 %
  • ROE 10.3 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has been maintaining a healthy dividend payout of 23.0%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.32% over past five years.
  • Company has a low return on equity of 4.81% 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 200 BSE 150 MidCap Index Nifty 500 BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,958 2,971 2,947 2,988 3,138 3,432 3,243 3,223 3,214 3,534 3,672 3,784 4,019
1,312 1,299 1,228 1,388 1,236 1,356 1,309 1,270 1,331 1,375 1,621 1,482 1,575
Operating Profit 1,646 1,672 1,719 1,600 1,902 2,076 1,934 1,953 1,882 2,159 2,051 2,302 2,444
OPM % 56% 56% 58% 54% 61% 60% 60% 61% 59% 61% 56% 61% 61%
134 180 172 187 165 -448 202 153 268 47 6 0 5
Interest 1,445 1,407 1,392 1,413 1,438 1,501 1,445 1,364 1,325 1,353 1,335 1,351 1,476
Depreciation 28 24 28 27 27 28 29 30 28 29 28 28 33
Profit before tax 306 420 470 346 601 99 662 714 797 824 694 922 940
Tax % 27% 27% 27% 25% 32% -356% 37% 26% 25% 22% 20% 26% 26%
223 308 341 261 406 453 417 531 594 639 553 685 697
EPS in Rs 0.91 1.32 1.38 1.06 1.64 1.83 2.02 2.14 2.40 2.57 2.23 2.75 2.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,990 5,221 6,456 7,440 8,532 10,215 13,365 14,104 13,353 11,930 12,775 13,581 15,009
1,025 1,230 1,625 1,979 2,776 3,308 3,377 4,160 5,401 5,233 7,938 5,524 6,053
Operating Profit 2,965 3,991 4,831 5,461 5,756 6,907 9,988 9,944 7,952 6,697 4,837 8,057 8,957
OPM % 74% 76% 75% 73% 67% 68% 75% 70% 60% 56% 38% 59% 60%
419 -5 16 8 26 49 -4 370 836 594 2,795 474 58
Interest 2,330 3,081 3,577 4,133 4,635 5,458 6,882 7,552 7,230 5,765 5,812 5,387 5,516
Depreciation 65 80 96 83 67 52 50 82 86 103 111 115 119
Profit before tax 989 825 1,175 1,253 1,079 1,446 3,052 2,680 1,472 1,423 1,709 3,029 3,380
Tax % 26% 28% 28% 32% 3% 12% 27% 37% 36% 26% 10% 24%
730 595 855 857 1,048 1,278 2,232 1,700 949 1,049 1,536 2,317 2,574
EPS in Rs 3.46 2.82 4.04 3.97 4.83 5.11 9.06 6.90 3.93 4.33 6.55 9.32 10.34
Dividend Payout % 18% 22% 16% 16% 13% 16% 9% 11% 0% 12% 31% 27%
Compounded Sales Growth
10 Years: 10%
5 Years: 0%
3 Years: 1%
TTM: 14%
Compounded Profit Growth
10 Years: 14%
5 Years: 1%
3 Years: 48%
TTM: 42%
Stock Price CAGR
10 Years: 7%
5 Years: 9%
3 Years: 20%
1 Year: -3%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 5%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 3,753 4,107 4,656 5,324 6,020 9,411 11,450 12,688 16,304 17,474 19,049 20,950 21,775
28,997 36,854 43,454 52,829 61,024 75,248 91,507 93,934 88,592 85,237 83,105 76,603 84,985
2,102 2,182 2,912 3,893 3,711 1,117 1,094 902 1,582 1,696 1,706 2,652 2,563
Total Liabilities 36,570 44,861 52,742 63,799 72,511 87,772 106,050 109,529 108,947 106,880 106,339 102,694 111,815
1,131 1,228 1,184 1,313 1,230 1,151 1,127 1,100 1,138 509 553 519 576
CWIP 89 140 174 22 28 19 39 62 24 22 5 36 0
Investments 1,843 2,730 2,649 3,563 6,012 5,301 8,641 5,979 8,872 11,917 14,366 12,385 12,471
33,507 40,763 48,736 58,901 65,242 81,301 96,243 102,387 98,912 94,433 91,415 89,754 98,768
Total Assets 36,570 44,861 52,742 63,799 72,511 87,772 106,050 109,529 108,947 106,880 106,339 102,694 111,815

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6,096 -6,083 -6,474 -9,213 -5,779 -15,640 -11,643 2,162 5,464 6,078 6,718 673
-1,671 -1,032 2 -675 -2,118 1,549 -3,587 160 -2,025 -5,087 -862 849
7,947 7,602 6,552 9,426 7,952 14,678 16,008 1,451 -2,091 -3,023 -1,664 -7,037
Net Cash Flow 180 487 81 -461 55 587 777 3,772 1,349 -2,032 4,193 -5,515

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 3 2 1 1 3 5 3 2 1 0 0 7
Inventory Days
Days Payable
Cash Conversion Cycle 3 2 1 1 3 5 3 2 1 0 0 7
Working Capital Days 286 143 210 132 271 -3 11 26 13 32 2 -18
ROCE % 10% 10% 10% 10% 9% 9% 10% 10% 8% 7% 5% 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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