L&T Finance Holdings Ltd

L&T Fin.Holdings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L&T Finance Holdings Ltd

₹ 155 0.45%
06 Dec 1:22 p.m.
ltfs.com BSE: 533519 NSE : L&TFH
About

L&T finance Holdings Ltd is a NBFC and offers a diverse range of financial products and services such as Farm equipment finance, Two wheeler finance, Micro Loans, Consumer loans, Home loans, Loans against property (LAP), Real estate finance, Infra finance, Infra Debt Fund and other services.[1]

It is registered with the Reserve Bank of India (RBI) as a Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC).[2]

Key Points

A Core Investment Company[1] L&T Finance Ltd is registered as a CIC-ND-SI with the RBI. CIC means a systemically important core investment company. As per the apex bank, an NBFC is considered as CIC if it meets certain criteria including:
• Its asset size is at least Rs 100 cr
• It accepts public funds
• At least 90% of its total assets are in the form of investments in equity, preference shares, loan, debentures, or debt in group companies

Website BSE NSE
  • Market Cap ₹ 38,550 Cr.
  • Current Price ₹ 155
  • High / Low ₹ 157 / 79.0
  • Stock P/E 21.2
  • Book Value ₹ 89.4
  • Dividend Yield 1.26 %
  • ROCE 7.56 %
  • ROE 6.41 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.58% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.10% over last 3 years.
  • Dividend payout has been low at 14.0% of profits over last 3 years

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
3,408 3,385 3,415 3,054 2,958 2,971 2,947 2,988 3,138 3,432 3,216 3,223 3,214
1,266 1,466 1,237 1,405 1,312 1,299 1,228 1,388 1,236 1,356 1,282 1,270 1,331
Operating Profit 2,142 1,919 2,178 1,649 1,646 1,672 1,719 1,600 1,902 2,076 1,934 1,953 1,882
OPM % 63% 57% 64% 54% 56% 56% 58% 54% 61% 60% 60% 61% 59%
101 170 172 109 134 180 172 187 165 -448 202 153 268
Interest 1,889 1,724 1,609 1,510 1,445 1,407 1,392 1,413 1,438 1,501 1,445 1,364 1,325
Depreciation 25 21 22 23 28 24 28 27 27 28 29 30 28
Profit before tax 329 344 718 226 306 420 470 346 601 99 662 714 797
Tax % 25% 16% 63% 22% 27% 27% 27% 25% 32% -356% 37% 26% 25%
248 288 266 177 223 308 341 261 406 453 417 531 594
EPS in Rs 1.07 1.18 1.08 0.72 0.91 1.32 1.38 1.06 1.64 1.83 2.02 2.14 2.40
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,004 3,990 5,221 6,456 7,440 8,532 10,215 13,365 14,104 13,353 11,930 12,775 13,086
539 1,025 1,230 1,625 1,979 2,776 3,308 3,377 4,160 5,401 5,233 5,248 5,239
Operating Profit 2,464 2,965 3,991 4,831 5,461 5,756 6,907 9,988 9,944 7,952 6,697 7,527 7,846
OPM % 82% 74% 76% 75% 73% 67% 68% 75% 70% 60% 56% 59% 60%
-13 419 -5 16 8 26 49 -4 370 836 594 105 175
Interest 1,707 2,330 3,081 3,577 4,133 4,635 5,458 6,882 7,552 7,230 5,765 5,812 5,634
Depreciation 60 65 80 96 83 67 52 50 82 86 103 111 115
Profit before tax 684 989 825 1,175 1,253 1,079 1,446 3,052 2,680 1,472 1,423 1,709 2,273
Tax % 34% 26% 28% 28% 32% 3% 12% 27% 37% 36% 26% 10%
455 730 595 855 857 1,048 1,278 2,232 1,700 949 1,049 1,536 1,994
EPS in Rs 2.16 3.46 2.82 4.04 3.97 4.83 5.11 9.06 6.90 3.93 4.33 6.55 8.39
Dividend Payout % 0% 18% 22% 16% 16% 13% 16% 9% 11% 0% 12% 31%
Compounded Sales Growth
10 Years: 12%
5 Years: 5%
3 Years: -3%
TTM: 9%
Compounded Profit Growth
10 Years: 8%
5 Years: 1%
3 Years: -8%
TTM: 61%
Stock Price CAGR
10 Years: 8%
5 Years: 4%
3 Years: 23%
1 Year: 65%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 5%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1,715 1,717 1,718 1,720 1,753 1,756 1,996 1,999 2,005 2,469 2,474 2,480 2,483
Reserves 3,038 3,753 4,107 4,656 5,324 6,020 9,411 11,450 12,688 16,304 17,474 19,049 19,702
Preference Capital 0 750 1,000 1,363 1,213 1,213 0 0 0 0 0 0
21,077 28,247 35,854 42,091 51,616 59,811 75,248 91,507 93,934 88,592 85,237 83,105 76,622
1,103 2,852 3,182 4,275 5,107 4,924 1,117 1,094 902 1,582 1,696 1,706 2,189
Total Liabilities 26,933 36,570 44,861 52,742 63,799 72,511 87,772 106,050 109,529 108,947 106,880 106,339 100,997
520 1,131 1,228 1,184 1,313 1,230 1,151 1,127 1,100 1,138 509 553 539
CWIP 33 89 140 174 22 28 19 39 62 24 22 5 0
Investments 770 1,843 2,730 2,649 3,563 6,012 5,301 8,641 5,979 8,872 11,917 14,366 12,878
25,610 33,507 40,763 48,736 58,901 65,242 81,301 96,243 102,387 98,912 94,433 91,415 87,579
Total Assets 26,933 36,570 44,861 52,742 63,799 72,511 87,772 106,050 109,529 108,947 106,880 106,339 100,997

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5,993 -6,096 -6,083 -6,474 -9,213 -5,779 -15,640 -11,643 2,162 5,464 6,078 7,490
-171 -1,671 -1,032 2 -675 -2,118 1,549 -3,587 160 -2,025 -5,087 -1,634
6,111 7,947 7,602 6,552 9,426 7,952 14,678 16,008 1,451 -2,091 -3,023 -1,664
Net Cash Flow -53 180 487 81 -461 55 587 777 3,772 1,349 -2,032 4,193

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1 3 2 1 1 3 5 3 2 1 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 1 3 2 1 1 3 5 3 2 1 0 0
Working Capital Days 927 286 143 210 132 271 -3 11 26 13 32 2
ROCE % 11% 10% 10% 10% 10% 9% 9% 10% 10% 8% 7% 8%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
63.65% 63.62% 63.59% 63.53% 63.50% 66.26% 66.23% 66.20% 66.15% 66.11% 66.10% 66.02%
9.36% 10.60% 8.79% 8.25% 7.86% 6.91% 6.61% 6.75% 11.24% 11.35% 13.90% 12.11%
5.27% 5.88% 6.57% 6.57% 6.11% 4.57% 5.34% 5.35% 6.05% 6.58% 5.29% 7.02%
21.72% 19.91% 21.05% 21.66% 22.53% 22.26% 21.82% 21.69% 16.56% 15.96% 14.73% 14.85%
No. of Shareholders 6,10,4886,34,6147,05,2297,20,6297,67,7157,86,1137,63,7097,50,8857,07,0707,08,2376,63,7696,95,023

* 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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