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

₹ 315 -2.89%
14 Jul - 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

Business Verticals:
a) Urban Finance: [1][2] The company offers Two-Wheeler Finance, Home Loans & LAP, and Personal Loans. It offers two-wheeler financing solutions across urban India, serving over 90 lakh customers. It operates through 160+ branches and a wide network of 8,500+ sourcing points, with a presence in key states such as West Bengal, Tamil Nadu, and Gujarat.
b) Rural Business Finance:[3]
The company offers Rural Group Loans and
Micro Finance (JLG) and Micro LAP against
self-occupied residential property. It serves
1.6 Cr+ customers in rural India; it operates across 370+ districts in 17 states with 2,100+ meeting centre branches.
c) Farmer Finance:[4]
The company serves 13 lakh+ customers.
It operates across 180+ branches in 16 states, engages 2,700+ dealers, and is well-penetrated across the top 5 OEMs through a non-captive distribution franchise.
d) SME Finance:[1]
The company offers loans to self-employed professionals, traders, and supply chain participants.
e) Gold Finance:[5] [6]
In Jun 2025, the company completed the acquisition of the gold loan business of Paul Merchants Finance through a slump sale. The gold finance business scaled up its network to 330 branches by Q4 FY26, with about 200 new branches added since the acquisition in Jun 2025.

Website BSE NSE
  • Market Cap ₹ 79,003 Cr.
  • Current Price ₹ 315
  • High / Low ₹ 339 / 194
  • Stock P/E 23.8
  • Book Value ₹ 111
  • Dividend Yield 0.87 %
  • ROCE 8.50 %
  • ROE 11.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 145% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 25.2%

Cons

  • Stock is trading at 2.84 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.0% 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

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
3,158 3,214 3,533 3,670 3,782 4,015 4,095 4,020 4,257 4,333 4,578 4,921 5,213
Interest 1,364 1,325 1,353 1,335 1,351 1,476 1,569 1,600 1,636 1,634 1,703 1,747 1,970
1,215 1,343 1,381 1,632 1,491 1,583 1,684 1,587 1,649 1,671 1,812 1,903 1,999
Financing Profit 578 546 799 703 940 956 842 833 972 1,028 1,064 1,270 1,244
Financing Margin % 18% 17% 23% 19% 25% 24% 21% 21% 23% 24% 23% 26% 24%
154 262 48 6 1 5 8 5 0 0 -25 0 31
Depreciation 28 27 28 26 27 32 35 39 39 49 56 59 62
Profit before tax 704 781 818 683 913 929 815 798 934 979 983 1,211 1,213
Tax % 26% 26% 22% 20% 26% 26% 24% 21% 26% 26% 26% 22% 26%
524 581 636 545 679 689 619 631 694 728 731 947 895
EPS in Rs 2.11 2.34 2.56 2.19 2.73 2.76 2.48 2.53 2.78 2.91 2.92 3.78 3.57
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
327 427 315 461 498 502 191 350 12,898 13,574 15,912 18,050 19,045
Interest 39 27 46 162 202 201 193 73 5,812 5,387 6,007 6,734 7,054
36 32 24 23 20 37 34 22 5,155 5,561 6,335 6,981 7,384
Financing Profit 252 367 245 276 276 264 -35 255 1,931 2,627 3,570 4,335 4,606
Financing Margin % 77% 86% 78% 60% 55% 53% -18% 73% 15% 19% 22% 24% 24%
0 1 0 17 28 20 225 0 698 469 18 -25 6
Depreciation 0 0 0 0 0 0 1 0 106 109 133 204 226
Profit before tax 252 368 245 293 304 284 189 254 2,524 2,987 3,455 4,106 4,386
Tax % -4% -3% -1% 9% 12% 6% 39% 14% 24% 23% 24% 24%
262 378 249 266 267 267 116 218 1,920 2,286 2,618 3,100 3,302
EPS in Rs 1.24 1.75 1.15 1.08 1.09 1.08 0.47 0.88 7.74 9.19 10.49 12.38 13.18
Dividend Payout % 53% 37% 56% 75% 75% 68% 0% 57% 26% 27% 26% 22%
Compounded Sales Growth
10 Years: 45%
5 Years: 148%
3 Years: 12%
TTM: 16%
Compounded Profit Growth
10 Years: 24%
5 Years: 145%
3 Years: 20%
TTM: 26%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 33%
1 Year: 53%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 11%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1,720 1,753 1,756 1,996 1,999 2,005 2,469 2,474 2,480 2,489 2,495 2,504
Reserves 1,826 2,221 2,355 5,678 5,832 5,840 8,541 8,797 18,839 20,706 22,800 25,329
Borrowing 1,912 1,811 2,187 1,499 2,200 3,461 1,773 105 83,105 76,603 92,372 110,298
155 170 80 14 19 32 56 48 1,603 2,552 2,366 3,812
Total Liabilities 5,614 5,955 6,378 9,187 10,049 11,338 12,840 11,424 106,027 102,351 120,033 141,943
0 0 0 0 1 1 1 1 216 208 333 1,002
CWIP 0 0 0 0 0 0 0 0 5 36 45 62
Investments 5,106 5,571 5,644 7,840 9,146 10,070 10,070 9,202 14,402 12,375 11,836 10,633
507 384 734 1,346 902 1,267 2,769 2,221 91,404 89,733 107,819 130,246
Total Assets 5,614 5,955 6,378 9,187 10,049 11,338 12,840 11,424 106,027 102,351 120,033 141,943

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
145 456 -128 -272 775 82 -170 408 6,360 650 -16,608 -14,237
-180 -400 -56 -2,191 -1,306 -1,006 272 -1 -505 859 500 398
20 -47 144 2,474 521 924 1,296 -1,664 -1,659 -7,053 15,441 15,433
Net Cash Flow -15 9 -40 11 -11 0 1,398 -1,257 4,196 -5,544 -668 1,594
Free Cash Flow 145 456 -128 -272 774 82 -171 408 6,263 531 -16,794 -14,471
CFO/OP 50% 119% -41% -61% 168% 20% -81% 137% 96% 12% -166% -119%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 7% 10% 6% 5% 3% 3% -0% 2% 11% 10% 11% 12%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Farm Equipment Finance Book
₹ Cr

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Rural Group Loans & MFI Book
₹ Cr
Two Wheeler Finance Book
₹ Cr
Retailisation
%
Personal Loans Book
₹ Cr
Collection Efficiency (0 DPD) - Rural Group Loans & MFI
%
Total Retail Disbursements
₹ Cr

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
66.02% 65.90% 65.86% 66.37% 66.29% 66.25% 66.24% 66.16% 66.10% 66.03% 65.99% 65.96%
12.11% 10.67% 11.04% 7.34% 6.73% 5.30% 5.48% 6.19% 6.40% 6.66% 7.64% 7.71%
7.02% 9.07% 8.69% 11.64% 12.33% 12.17% 13.28% 14.10% 14.33% 15.33% 14.91% 14.90%
14.85% 14.36% 14.39% 14.66% 14.66% 16.27% 15.01% 13.55% 13.15% 11.99% 11.48% 11.45%
No. of Shareholders 6,95,0236,87,7217,11,5557,39,1807,87,2918,76,8418,46,6827,92,3747,77,4327,75,7287,48,8657,32,902

* 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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