L&T Finance Holdings Ltd

About [ edit ]

L&T Finance Holdings is registered with the Reserve Bank of India (RBI) as a Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC). As an NBFC-CIC, the Company is a primary holding company, holding investments in its subsidiaries and other group companies and carries out only such activities as are permitted under the guidelines issued by RBI for NBFC-CICs..(Source : 202003-01 Annual Report Page No:94)

  • Market Cap 26,931 Cr.
  • Current Price 109
  • High / Low 113 / 42.7
  • Stock P/E 24.2
  • Book Value 61.4
  • Dividend Yield 0.83 %
  • ROCE 9.58 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 23.65% of last 10 years

Cons

  • Company has low interest coverage ratio.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,741 3,106 3,220 3,360 3,304 3,595 3,611 3,631 3,355 3,387 3,408 3,503
920 917 843 791 788 1,008 1,042 1,093 1,147 1,527 1,266 1,529
Operating Profit 1,820 2,189 2,376 2,569 2,516 2,586 2,570 2,538 2,209 1,860 2,142 1,975
OPM % 66% 70% 74% 76% 76% 72% 71% 70% 66% 55% 63% 56%
Other Income 22 64 82 85 80 95 101 105 72 236 101 119
Interest 1,463 1,512 1,649 1,866 1,832 1,923 1,898 1,890 1,803 1,978 1,889 1,724
Depreciation 13 12 12 12 14 16 16 28 21 19 25 21
Profit before tax 366 729 798 776 749 743 756 725 456 99 329 349
Tax % 26% 26% 30% 25% 26% 26% 77% 18% 16% -49% 25% 17%
Net Profit 282 538 560 580 548 549 174 591 386 148 265 291
EPS in Rs 1.15 2.19 2.28 2.36 2.23 2.23 0.71 2.40 1.57 0.60 1.07 1.18
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 1,423 2,114 3,004 3,990 5,221 6,456 7,440 8,532 10,215 13,365 14,548 13,654
0 309 421 539 829 1,230 1,634 1,979 2,778 3,309 3,377 4,257 5,468
Operating Profit -0 1,113 1,693 2,464 3,161 3,991 4,822 5,461 5,754 6,906 9,987 10,291 8,185
OPM % -100% 78% 80% 82% 79% 76% 75% 73% 67% 68% 75% 71% 60%
Other Income 0 1 -9 -13 223 -5 25 8 28 50 -4 23 528
Interest 0 675 1,021 1,707 2,330 3,081 3,577 4,133 4,635 5,458 6,882 7,552 7,394
Depreciation 0 48 59 60 65 80 96 83 67 52 50 82 86
Profit before tax -0 393 604 684 989 825 1,175 1,253 1,079 1,446 3,052 2,680 1,233
Tax % 0% 34% 35% 34% 26% 28% 28% 32% 3% 12% 27% 37%
Net Profit -2 260 391 455 730 597 855 857 1,042 1,255 2,226 1,700 1,090
EPS in Rs 2.16 3.46 2.82 4.04 3.97 4.83 5.11 9.06 6.90 4.42
Dividend Payout % 0% 0% 0% 0% 18% 22% 16% 16% 13% 16% 9% 11%
Compounded Sales Growth
10 Years:26%
5 Years:18%
3 Years:19%
TTM:-3%
Compounded Profit Growth
10 Years:21%
5 Years:17%
3 Years:17%
TTM:-40%
Stock Price CAGR
10 Years:%
5 Years:16%
3 Years:-10%
1 Year:16%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:14%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
2 1,354 1,417 1,715 2,467 2,718 3,084 2,967 2,969 1,996 1,999 2,005 2,007
Reserves 455 718 1,474 3,038 3,753 4,107 4,656 5,324 6,020 9,411 11,450 12,688 13,148
Borrowings 6,220 9,727 15,901 21,077 28,247 35,854 42,091 51,616 59,811 75,248 91,507 93,894 92,966
1,324 667 784 1,103 2,852 3,182 4,275 5,107 4,924 1,117 1,094 942 1,310
Total Liabilities 8,001 12,466 19,577 26,933 36,570 44,861 52,742 63,799 72,511 87,772 106,050 109,529 109,431
248 444 476 520 1,131 1,228 1,184 1,313 1,230 1,151 1,127 1,100 1,168
CWIP 12 1 18 33 89 140 174 22 28 19 39 62 0
Investments 169 309 732 770 1,843 2,730 2,649 3,563 6,012 5,301 8,641 5,979 6,453
7,573 11,712 18,350 25,610 33,507 40,763 48,736 58,901 65,242 81,301 96,243 102,387 101,810
Total Assets 8,001 12,466 19,577 26,933 36,570 44,861 52,742 63,799 72,511 87,772 106,050 109,529 109,431

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-3,714 -5,879 -5,993 -6,096 -6,083 -6,474 -9,213 -5,779 -15,640 -11,643 2,162
-356 -377 -171 -1,671 -1,032 2 -675 -2,118 1,549 -3,587 160
4,115 6,303 6,111 7,947 7,602 6,552 9,426 7,952 14,678 16,008 1,451
Net Cash Flow 45 46 -53 180 487 81 -461 55 587 777 3,772

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 11% 11% 10% 10% 10% 10% 9% 9% 10% 10%
Debtor Days 3,276,240 100 1 1 3 2 1 1 3 5 3 2
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
64.01 64.01 63.97 63.96 63.91 63.89 63.86 63.86 63.72 63.72 63.67 63.65
9.20 9.92 8.80 10.58 11.39 10.47 10.79 12.49 10.60 9.37 7.07 9.36
5.79 5.16 5.10 3.95 2.96 3.05 5.26 4.44 5.22 5.45 4.98 5.27
21.00 20.90 22.13 21.51 21.73 22.59 20.09 19.21 20.46 21.46 24.28 21.72

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