L&T Finance Ltd
LTF NSE
L&T Finance Ltd
Financial Services F&ONSE: LTF BSE: 533519 Investment Company
Key Fundamentals
MidcapInvestment CompanyFinancial ServicesMarket Cap
₹77,846 Cr
Volatility
Moderate
P/E Ratio
24.23
EBITDA
₹10,957 Cr
Return on Equity
10.64%
Debt to Equity
3.78
Book Value
₹111.67
EPS
₹9.93
52W High
₹338.6
52W Low
₹194.4
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view L&T Finance Ltd insights
37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company has delivered good profit growth of 32.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 25.3%
Weaknesses
5- Stock is trading at 2.76 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.05% over past five years.
- Company has a low return on equity of 10.8% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
12.40% ↗
Net Income Growth
12.84% ↗
Cash Flow Change
14.46% ↗
ROE
3.20% ↗
ROCE
-4.62% ↘
EBITDA Margin (Avg.)
1.26% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk medium
L&T Finance Ltd has a market cap of ₹81,128 Cr trading at a PE of 25x and PB of 2.86x. The company shows strong profit growth (32.4% CAGR over 5 years) but has delivered only 6% sales CAGR over the same period, with a 3-year ROE of approximately 11%.
Bull Case 8
- Compounded profit growth of 32.4% CAGR over the last 5 years demonstrates strong earnings momentum
- TTM profit growth of 20% indicates continued earnings expansion in the most recent period
- Stock has delivered 56% returns over the past 1 year, reflecting strong market confidence
- 3-year stock CAGR of 36% and 5-year CAGR of 29% show sustained wealth creation
- Healthy dividend payout ratio of 25.3% signals management commitment to shareholder returns
- TTM sales growth has accelerated to 15%, significantly above the 5-year CAGR of 6%, suggesting improving business trajectory
- 3-year compounded sales growth of 12% shows revenue acceleration compared to the 5-year average of 6%
- ROE has improved to 11% in the last year from an 8% average over 5 years, indicating improving capital efficiency
Bear Case 8
- 5-year sales CAGR of only 6.05% reflects historically weak top-line growth for a financial services company
- Stock trades at 2.85x book value which is elevated given the 3-year ROE of only 11%
- Low interest coverage ratio raises concerns about debt servicing capacity in a rising rate environment
- 3-year ROE of 10.8% is modest for an NBFC, suggesting suboptimal capital deployment
- Potential capitalization of interest costs could mean reported profits overstate true economic earnings
- The 3-year compounded profit CAGR of 256% is driven by a low base effect rather than sustainable operational improvement
- Dividend yield of only 0.87% provides limited income cushion for investors at current valuations
- PE of 25x is demanding for a company with 10-year profit CAGR of only 13% and 10-year sales CAGR of 9%
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 3
- Q1 net profit surges 31% Jul 10
L&T Finance reported Q1FY27 consolidated net profit of ₹916 crore, up 31% YoY from ₹701 crore. Total income rose to ₹5,243 crore.
- Targets 20%+ loan book growth Jul 13
Management guided for over 20% growth in the loan book and indicated willingness to accelerate further if market opportunities arise.
- Steady gold loan growth expected Jul 13
Company expects steady growth in its gold loan business for Q2, reflecting continued strategic focus on secured retail lending.
Neutral 2
- Rs 111 Cr NSE block trades Jul 29
Two block trades totalling ~36.65 lakh shares worth Rs 111.23 crore executed on NSE at Rs 302.85-303.90 per share, indicating significant institutional activity.
- Nabha Power re-classification sought Jul 14
L&T Finance applied to exchanges to re-classify Nabha Power from promoter to public category following board approval on July 10, 2026.
TL;DR: L&T Finance is delivering strong execution with 31% YoY profit growth in Q1FY27 and aggressive 20%+ loan book growth guidance. The secured retail lending pivot, including gold loans, is gaining momentum. No material headwinds emerged in recent news flow. The trend is clearly improving, with management signalling confidence to accelerate growth if opportunities arise.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,223 | 3,214 | 3,534 | 3,670 | 3,784 | 4,019 | 4,098 | 4,023 | 4,260 | 4,336 | 4,578 | 4,771 | 5,213 |
| Expenses | 1,270 | 1,331 | 1,375 | 1,619 | 1,482 | 1,575 | 1,676 | 1,581 | 1,640 | 1,662 | 1,800 | 1,890 | 1,974 |
| Financing Profit | 590 | 557 | 806 | 716 | 950 | 968 | 853 | 842 | 984 | 1,040 | 1,075 | 1,134 | 1,269 |
| Fin. Margin % | 18% | 17% | 23% | 20% | 25% | 24% | 21% | 21% | 23% | 24% | 23% | 24% | 24% |
| Other Income | 153 | 268 | 47 | 6 | 0 | 5 | 8 | 4 | 0 | 0 | -25 | 0 | 30 |
| 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 |
| Depreciation | 30 | 28 | 29 | 28 | 28 | 33 | 36 | 41 | 41 | 51 | 58 | 60 | 63 |
| PBT | 714 | 797 | 824 | 694 | 922 | 940 | 824 | 806 | 943 | 989 | 992 | 1,074 | 1,236 |
| Tax % | 26% | 25% | 22% | 20% | 26% | 26% | 24% | 21% | 26% | 26% | 26% | 25% | 26% |
| Net Profit | 531 | 594 | 639 | 553 | 685 | 697 | 626 | 636 | 701 | 735 | 738 | 809 | 916 |
| EPS in Rs | 2.14 | 2.4 | 2.57 | 2.23 | 2.75 | 2.79 | 2.51 | 2.55 | 2.81 | 2.94 | 2.95 | 3.22 | 3.6 |
Profit & Loss
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,456 | 7,440 | 8,532 | 10,215 | 13,365 | 14,104 | 13,353 | 11,930 | 12,775 | 14,252 | 15,924 | 17,914 | 18,898 |
| Expenses | 1,625 | 1,979 | 2,776 | 3,308 | 3,377 | 4,160 | 5,401 | 5,233 | 7,935 | 6,195 | 6,304 | 6,946 | 7,326 |
| Financing Profit | 1,254 | 1,328 | 1,120 | 1,449 | 3,105 | 2,392 | 722 | 932 | -972 | 2,670 | 3,614 | 4,234 | 4,518 |
| Fin. Margin % | 19% | 18% | 13% | 14% | 23% | 17% | 5% | 8% | -8% | 19% | 23% | 24% | 24% |
| Other Income | 16 | 8 | 26 | 49 | -4 | 370 | 836 | 594 | 2,792 | 474 | 16 | -26 | 5 |
| Interest | 3,577 | 4,133 | 4,635 | 5,458 | 6,882 | 7,552 | 7,230 | 5,765 | 5,812 | 5,387 | 6,007 | 6,734 | 7,054 |
| Depreciation | 96 | 83 | 67 | 52 | 50 | 82 | 86 | 103 | 111 | 115 | 139 | 210 | 232 |
| PBT | 1,175 | 1,253 | 1,079 | 1,446 | 3,052 | 2,680 | 1,472 | 1,423 | 1,709 | 3,029 | 3,491 | 3,998 | 4,291 |
| Tax % | 28% | 32% | 3% | 12% | 27% | 37% | 36% | 26% | 10% | 24% | 24% | 25% | — |
| Net Profit | 855 | 857 | 1,048 | 1,278 | 2,232 | 1,700 | 949 | 1,049 | 1,536 | 2,317 | 2,643 | 2,983 | 3,198 |
| EPS in Rs | 4.04 | 3.97 | 4.83 | 5.11 | 9.06 | 6.9 | 3.93 | 4.33 | 6.55 | 9.32 | 10.6 | 11.9 | 12.71 |
| Div. Payout % | 16% | 16% | 13% | 16% | 9% | 11% | 0% | 12% | 31% | 27% | 26% | 23% | — |
Balance Sheet
| 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 | 4,656 | 5,442 | 6,138 | 9,411 | 11,450 | 12,688 | 16,304 | 17,474 | 19,049 | 20,950 | 23,069 | 25,479 |
| Borrowing | 43,454 | 52,829 | 61,024 | 75,248 | 91,507 | 93,934 | 88,592 | 85,237 | 83,105 | 76,603 | 92,372 | 1,10,298 |
| Other Liabilities | 2,912 | 3,775 | 3,593 | 1,117 | 1,094 | 902 | 1,582 | 1,696 | 1,706 | 2,652 | 2,447 | 3,903 |
| Total Liabilities | 52,742 | 63,799 | 72,511 | 87,772 | 1,06,050 | 1,09,529 | 1,08,947 | 1,06,880 | 1,06,339 | 1,02,694 | 1,20,384 | 1,42,184 |
| Fixed Assets | 1,184 | 1,313 | 1,230 | 1,151 | 1,127 | 1,100 | 1,138 | 509 | 553 | 519 | 641 | 1,308 |
| CWIP | 174 | 22 | 28 | 19 | 39 | 62 | 24 | 22 | 5 | 36 | 45 | 62 |
| Investments | 2,649 | 3,563 | 6,012 | 5,301 | 8,641 | 5,979 | 8,872 | 11,917 | 14,366 | 12,385 | 11,876 | 10,564 |
| Other Assets | 48,736 | 58,901 | 65,242 | 81,301 | 96,243 | 1,02,387 | 98,912 | 94,433 | 91,415 | 89,754 | 1,07,822 | 1,30,250 |
| Total Assets | 52,742 | 63,799 | 72,511 | 87,772 | 1,06,050 | 1,09,529 | 1,08,947 | 1,06,880 | 1,06,339 | 1,02,694 | 1,20,384 | 1,42,184 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -6,474 | -9,213 | -5,779 | -15,640 | -11,643 | 2,162 | 5,464 | 6,078 | 7,490 | 686 | -16,587 | -14,189 |
| Investing | 2 | -675 | -2,118 | 1,549 | -3,587 | 160 | -2,025 | -5,087 | -1,634 | 849 | 472 | 367 |
| Financing | 6,552 | 9,426 | 7,952 | 14,678 | 16,008 | 1,451 | -2,091 | -3,023 | -1,664 | -7,050 | 15,419 | 15,415 |
| Net Cash Flow | 81 | -461 | 55 | 587 | 777 | 3,772 | 1,349 | -2,032 | 4,193 | -5,515 | -697 | 1,593 |
| Free Cash Flow | -6,572 | -9,292 | -5,781 | -15,614 | -11,723 | 2,108 | 5,415 | 6,001 | 7,394 | 568 | -16,777 | -14,427 |
| CFO/OP | -125 | -158 | -91 | -217 | -109 | 30 | 72 | 96 | 178 | 102 | -165 | -120 |
Ratios
| 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 % | 13% | 13% | 14% | 13% | 18% | 12% | 4% | 4% | 0% | 10% | 11% | 11% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Aug - Please find attached the intimation of Analyst meet scheduled to be held on August 13 and August 14, 2026 7 Aug - Please find attached the intimation of Analyst meet scheduled to be held on August 13 and August 14, 2026
2
Business Responsibility and Sustainability Reporting (BRSR)
4 May - L&T Finance submitted FY26 BRSR with ESG targets, performance, governance, and compliance disclosures. 4 May - L&T Finance submitted FY26 BRSR with ESG targets, performance, governance, and compliance disclosures.
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
4 May - Newspaper publication regarding the Annual General Meeting of the Company 4 May - Newspaper publication regarding the Annual General Meeting of the Company
4
Business Responsibility and Sustainability Reporting (BRSR)
4 May - L&T Finance submitted FY26 BRSR with ESG targets, performance, governance, and compliance disclosures. 4 May - L&T Finance submitted FY26 BRSR with ESG targets, performance, governance, and compliance disclosures.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
4 May - Newspaper publication regarding the Annual General Meeting of the Company 4 May - Newspaper publication regarding the Annual General Meeting of the Company
Frequently Asked Questions about L&T Finance Ltd
What does L&T Finance Ltd do?
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]
Where is L&T Finance Ltd (LTF) listed?
L&T Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: LTF and BSE: 533519. You can view its live share price, financials, and ratios on Tapetide.
Which sector does L&T Finance Ltd belong to?
L&T Finance Ltd operates in the Financial Services sector within the Investment Company industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of L&T Finance Ltd?
L&T Finance Ltd has a market capitalisation of approximately ₹77846.08 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of L&T Finance Ltd?
The Price-to-Earnings (PE) ratio of L&T Finance Ltd is 24.23. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of L&T Finance Ltd?
Over the past 52 weeks, L&T Finance Ltd has traded between a low of ₹194.4 and a high of ₹338.6. This range helps investors understand the stock's price volatility and recent trading levels.
Does L&T Finance Ltd pay dividends?
Yes, L&T Finance Ltd has a dividend yield of 0.87%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of L&T Finance Ltd?
L&T Finance Ltd has a Return on Equity (ROE) of 10.64%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research L&T Finance Ltd on Tapetide?
On Tapetide, you can view L&T Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]