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87% Buy

L&T Finance Share Price

LTF

₹179.69-₹3.35 (-1.83%) TodayLast updated on 24 Jun, 2024 | 11:12 AM IST
₹177.50₹184.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹45,283 Crs

Open

₹184.00

Close

₹183.04

Circuit range

₹201.34 - ₹164.73

Day range

₹177.50 - ₹184.00

Year range

₹114.95 - ₹186.70

Volume

49,75,786

Avg. traded

₹179.32

Revenue (12m)

₹14,044 Crs

L&T Finance

L&T Finance Holdings Limited (LTFH) is a non-banking financial company (NBFC) offering a range of financial products and services. L&T Finance’s products are available across rural, housing and wholesale finance sectors through its subsidiaries. The company also deals in mutual fund products and wealth management services.

Business operations

L&T Finance’s wholesale finance offerings include structured corporate finance, infrastructure finance and supply chain finance. The housing finance offering of the company includes home loans, real estate finance and loans against property.

The company also provides finance for farm equipment, agri-allied financial leads. Its defocused business segment comprises debt capital market, structured corporate loans and other discontinued products.

L&T Finance was incorporated as a public limited firm, L&T Capital Holding Ltd, with Larsen & Toubro Ltd as a holding company for the financial services business.

In 2009, Larsen & Toubro Ltd's investments in companies like L&T Finance Ltd, L&T Infrastructure Finance Company Ltd and India Infrastructure Developers Ltd were transferred to L&T Finance. The move made these companies wholly owned subsidiaries of L&T Finance.

The company got its present name L&T Finance Holdings Limited in 2010. The next year, L&T Finance came up with its initial public offering and was listed on the National Stock Exchange (NSE) and BSE.

In 2012, the company's total assets crossed ₹ 30,000 crore mark. The same year, L&T Finance acquired Indo-Pacific Housing Finance Ltd (IPHF), marking a significant leap in the housing finance business. The company's mutual fund unit acquired Fidelity's mutual fund business in India.

L&T Finance also introduced two-wheeler financing with its acquisition of Family Credit, a non-banking finance company.

In 2013, L&T Capital Markets came into being and L&T Finance launched its maiden issue of preference shares.

L&T Access Distribution Services Limited, a wholly-owned subsidiary of L&T Finance, was merged with L&T Capital Markets Limited, another wholly-owned subsidiary of the company.

In 2018, L&T Finance launched an app for seamless onboarding of customers with instant loan-sanctioning.

In FY 2021, all four rating agencies— CRISIL, CARE, India Ratings and ICRA reaffirmed LTFH’s AAA rating. In August 2021, ICRA upgraded the company’s rating to AAA/Stable.

The same year, L&T Finance merged its subsidiaries L&T Infrastructure Finance Company Limited (LTIF) and L&T Housing Finance Limited (LTHF) into the company.

In 2022, the company sold 100% paid capital of its subsidiary L&T Investment Management Limited and the asset manager of L&T Mutual Fund to HSBC Asset Management (India) Private Limited.

As of January 6, 2023, the company’s market capitalisation stood at over ₹ 42,500 crores. L&T Finance share price has grown over 75% in the last three years.

Financial highlights

L&T Finance’s total income in FY23 stood at ₹13,301.70 crore, following a 7.9 % year-on-year growth compared to ₹12,323.55 crore in FY22. The company reported a net profit of ₹1536. 48 crore in FY23 as against profit of ₹ 1,049.24 crore in FY22. The basic earnings per share (EPS) increased to ₹6.56 in FY23 from ₹ 4.33 in the last financial year.

L&T Finance Key indicators

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52 week high

₹186.70

52 week low

₹114.95

P/E ratio

19.55

P/B ratio

1.94

ROE

10.33%

ROCE

8.22%

Dividend yield

1.36%

Debt/Equity ratio

3.32

EPS

9.19

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Investment checklist: (2/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

87%

Hold

0%

Sell

13%

This analysis is based on the reviews of 15 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

62.58%

Net profit margin

16.84%

ROE

10.33%

ROA

2.23%

ROCE

8.22%

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L&T Finance Shareholder returns

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1 day

-0.33%

1 week

+4.08%

1 month

+15.23%

3 months

+17.33%

1 year

+48.03%

3 years

+98.10%

5 years

+60.28%

L&T Finance Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹184.90
₹183.04
-0.33%
Thu, Jun 20 2024
₹176.21
₹183.65
+4.22%
Wed, Jun 19 2024
₹181.44
₹176.21
-1.93%
Tue, Jun 18 2024
₹180.99
₹179.67
-1.21%
Fri, Jun 14 2024
₹178.00
₹181.87
+3.41%
Thu, Jun 13 2024
₹175.10
₹175.87
+3.08%
Wed, Jun 12 2024
₹165.80
₹170.62
+3.47%
Tue, Jun 11 2024
₹168.65
₹164.90
-0.27%

Shareholding info

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Promoters (65.86%)

Mutual Funds (3.4%)

Retail and other (14.4%)

Foreign institutions-FII (11.04%)

Other domestic institutions (5.3%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹2/share

    Ex date 21 Jul 2023

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  • Dividend • ₹0.5/share

    Ex date 01 Jul 2022

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  • Dividend • ₹2.5/share

    Ex date

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Frequently asked questions