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Last Updated: April 2, 2026, 3:14 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533519 | NSE: LTF

L&T Finance Holdings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹198.15Overvalued by 19.12%vs CMP ₹245.00

P/E (21.6) × ROE (10.8%) × BV (₹105.00) × DY (1.12%)

₹156.25Overvalued by 36.22%vs CMP ₹245.00
MoS: -56.8% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹239.8425%Fair (-2.1%)
Graham NumberEarnings₹163.0318%Over (-33.5%)
Earnings PowerEarnings₹74.7112%Over (-69.5%)
DCFCash Flow₹275.7712%Under (+12.6%)
Net Asset ValueAssets₹105.448%Over (-57%)
EV/EBITDAEnterprise₹5.5610%Over (-97.7%)
Earnings YieldEarnings₹112.508%Over (-54.1%)
ROCE CapitalReturns₹105.708%Over (-56.9%)
Consensus (8 models)₹156.25100%Overvalued
Key Drivers: Wide model spread (₹6–₹276) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.0%

*Investments are subject to market risks

Analyst Summary

L&T Finance Holdings Ltd operates in the Finance & Investments segment, NSE: LTF | BSE: 533519, current market price is ₹245.00, market cap is 61,248 Cr.. At a glance, stock P/E is 21.6, ROE is 10.8 %, ROCE is 8.71 %, book value is 105, dividend yield is 1.12 %. The latest intrinsic value estimate is ₹156.25, around 36.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹15,924 Cr versus the prior period change of 11.7%, while latest net profit is about ₹2,643 Cr with a prior-period change of 14.1%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 329/140, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisL&T Finance Ltd. is a Public Limited Listed company incorporated on 01/05/2008 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67120MH2008PLC181833 and registration number is 181833. Currently Company is involve…

This summary is generated from the stock page data available for L&T Finance Holdings Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

61
L&T Finance Holdings Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 8.7% AverageROE 10.8% AverageD/E 4.72 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money85/100 · Strong
FII holding up 1.18% (6mo) AccumulatingDII holding up 2.05% MF buyingPromoter holding at 66.0% Stable
Earnings Quality60/100 · Moderate
Working capital: -21 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Profit (4Q): +10% YoY Positive
Industry Rank55/100 · Moderate
P/E 21.6 vs industry 171.3 Cheaper than peersROCE 8.7% vs industry 11.4% AverageROE 10.8% vs industry 25.6% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:14 am

Market Cap 61,248 Cr.
Current Price 245
Intrinsic Value₹156.25
High / Low 329/140
Stock P/E21.6
Book Value 105
Dividend Yield1.12 %
ROCE8.71 %
ROE10.8 %
Face Value 10.0
PEG Ratio1.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for L&T Finance Holdings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
L&T Finance Holdings Ltd 61,248 Cr. 245 329/14021.6 1051.12 %8.71 %10.8 % 10.0
SBI Cards & Payment Services Ltd 60,631 Cr. 637 1,027/63229.0 1550.39 %10.4 %14.8 % 10.0
Motilal Oswal Financial Services Ltd 40,926 Cr. 680 1,097/48820.2 2140.88 %18.7 %25.2 % 1.00
Cholamandalam Financial Holdings Ltd 26,039 Cr. 1,387 2,299/1,30511.0 7280.09 %10.6 %19.1 % 1.00
Piramal Enterprises Ltd 25,483 Cr. 1,124 1,356/87349.0 1,2020.98 %6.78 %1.63 % 2.00
Industry Average17,128.74 Cr1,145.63171.253,616.520.48%11.38%25.55%6.58

All Competitor Stocks of L&T Finance Holdings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue3,4323,2433,2233,2143,5343,6703,7844,0194,0984,0234,2604,3364,578
Interest 1,5011,4451,3641,3251,3531,3351,3511,4761,5691,6001,6361,6341,703
Expenses 1,3561,3091,2701,3311,3751,6191,4821,5751,6761,5811,6401,6621,800
Financing Profit5764895905578067169509688538429841,0401,075
Financing Margin %17%15%18%17%23%20%25%24%21%21%23%24%23%
Other Income -448202153268476058400-25
Depreciation 28293028292828333641415158
Profit before tax 99662714797824694922940824806943989992
Tax % -356%37%26%25%22%20%26%26%24%21%26%26%26%
Net Profit 453417531594639553685697626636701735738
EPS in Rs 1.832.022.142.402.572.232.752.792.512.552.812.942.95
Gross NPA %
Net NPA %

Last Updated: February 5, 2026, 6:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 7:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue5,2216,4567,4408,53210,21513,36514,10413,35311,93012,77514,25215,92417,197
Interest 3,0813,5774,1334,6355,4586,8827,5527,2305,7655,8125,3876,0076,573
Expenses 1,2301,6251,9792,7763,3083,3774,1605,4015,2337,9386,1956,3046,683
Financing Profit9101,2541,3281,1201,4493,1052,392722932-9752,6703,6143,941
Financing Margin %17%19%18%13%14%23%17%5%8%-8%19%23%23%
Other Income -51682649-43708365942,79547416-21
Depreciation 8096836752508286103111115139190
Profit before tax 8251,1751,2531,0791,4463,0522,6801,4721,4231,7093,0293,4913,730
Tax % 28%28%32%3%12%27%37%36%26%10%24%24%
Net Profit 5958558571,0481,2782,2321,7009491,0491,5362,3172,6432,810
EPS in Rs 2.824.043.974.835.119.066.903.934.336.559.3210.6011.25
Dividend Payout % 22%16%16%13%16%9%11%0%12%31%27%26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)43.70%0.23%22.29%21.95%74.65%-23.84%-44.18%10.54%46.43%50.85%14.07%
Change in YoY Net Profit Growth (%)0.00%-43.46%22.05%-0.34%52.70%-98.48%-20.34%54.71%35.89%4.42%-36.78%

L&T Finance Holdings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:2%
3 Years:10%
TTM:15%
Compounded Profit Growth
10 Years:13%
5 Years:9%
3 Years:45%
TTM:7%
Stock Price CAGR
10 Years:14%
5 Years:30%
3 Years:42%
1 Year:34%
Return on Equity
10 Years:9%
5 Years:6%
3 Years:7%
Last Year:11%

Last Updated: September 5, 2025, 9:30 am

Balance Sheet

Last Updated: February 1, 2026, 12:58 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1,7181,7201,7531,7561,9961,9992,0052,4692,4742,4802,4892,4952,500
Reserves 4,1074,6565,4426,1389,41111,45012,68816,30417,47419,04920,95023,06923,858
Borrowing36,85443,45452,82961,02475,24891,50793,93488,59285,23783,10576,60392,37297,970
Other Liabilities 2,1822,9123,7753,5931,1171,0949021,5821,6961,7062,6522,4472,904
Total Liabilities 44,86152,74263,79972,51187,772106,050109,529108,947106,880106,339102,694120,384127,232
Fixed Assets 1,2281,1841,3131,2301,1511,1271,1001,1385095535196411,113
CWIP 14017422281939622422536450
Investments 2,7302,6493,5636,0125,3018,6415,9798,87211,91714,36612,38511,87611,389
Other Assets 40,76348,73658,90165,24281,30196,243102,38798,91294,43391,41589,754107,822114,730
Total Assets 44,86152,74263,79972,51187,772106,050109,529108,947106,880106,339102,694120,384127,232

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -6,083-6,474-9,213-5,779-15,640-11,6432,1625,4646,0786,718686-16,586
Cash from Investing Activity + -1,0322-675-2,1181,549-3,587160-2,025-5,087-862849471
Cash from Financing Activity + 7,6026,5529,4267,95214,67816,0081,451-2,091-3,023-1,664-7,05015,419
Net Cash Flow 48781-461555877773,7721,349-2,0324,193-5,515-697
Free Cash Flow -6,331-6,572-9,292-5,781-15,614-11,7232,1085,4156,0016,622568-16,776
CFO/OP -144%-125%-158%-91%-217%-109%30%72%96%163%102%-12%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-35.00-42.00-51.00-59.00-72.00-88.00-89.00-83.00-80.00-76.00-70.00-86.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 211353210063
Inventory Days
Days Payable
Cash Conversion Cycle 211353210063
Working Capital Days -175-129-196-233-914-803-11013322-17-21
ROCE %10%10%10%9%9%10%10%8%7%5%8%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.11%66.10%66.02%65.90%65.86%66.37%66.29%66.25%66.24%66.16%66.10%66.03%
FIIs 11.35%13.90%12.11%10.67%11.04%7.34%6.73%5.30%5.48%6.19%6.40%6.66%
DIIs 6.58%5.29%7.02%9.07%8.69%11.64%12.33%12.17%13.28%14.10%14.33%15.33%
Public 15.96%14.73%14.85%14.36%14.39%14.66%14.66%16.27%15.01%13.55%13.15%11.99%
No. of Shareholders 7,08,2376,63,7696,95,0236,87,7217,11,5557,39,1807,87,2918,76,8418,46,6827,92,3747,77,4327,75,728

Shareholding Pattern Chart

No. of Shareholders

L&T Finance Holdings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 41,833,783 2.03 1197.9139,239,9122025-12-15 01:56:576.61%
Motilal Oswal Midcap Fund 39,998,000 3.33 1145.3437,942,2812026-02-23 00:33:455.42%
Mirae Asset Large & Midcap Fund 21,286,554 1.44 609.5421,797,1362026-01-26 06:02:26-2.34%
Invesco India Midcap Fund 16,854,973 4.8 482.64N/AN/AN/A
Mirae Asset Midcap Fund 14,678,297 2.38 420.3113,908,3852026-02-23 00:33:455.54%
Invesco India Large & Mid Cap Fund 13,404,597 4.28 383.84N/AN/AN/A
DSP Mid Cap Fund 13,113,439 1.97 375.515,565,4712026-02-23 00:33:45-15.75%
Axis Midcap Fund 9,475,873 0.88 271.3411,303,5482026-02-23 00:33:45-16.17%
HDFC Large and Mid Cap Fund 7,477,310 0.76 214.11N/AN/AN/A
Invesco India Smallcap Fund 7,445,366 2.37 213.2N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 10.619.346.564.334.49
Diluted EPS (Rs.) 10.619.306.544.324.47
Cash EPS (Rs.) 11.159.776.644.664.20
Book Value[Excl.RevalReserv]/Share (Rs.) 102.4794.5387.1881.3576.82
Book Value[Incl.RevalReserv]/Share (Rs.) 102.4794.5387.1881.3576.82
Revenue From Operations / Share (Rs.) 63.8354.5651.5248.2255.39
PBDIT / Share (Rs.) 38.5934.2332.4228.6134.65
PBIT / Share (Rs.) 38.0333.7731.9728.2034.30
PBT / Share (Rs.) 13.9912.17-2.244.946.05
Net Profit / Share (Rs.) 10.609.316.204.243.84
NP After MI And SOA / Share (Rs.) 10.609.326.554.333.93
PBDIT Margin (%) 60.4562.7462.9259.3462.55
PBIT Margin (%) 59.5861.8962.0558.4861.92
PBT Margin (%) 21.9222.30-4.3510.2510.93
Net Profit Margin (%) 16.5917.0612.028.796.93
NP After MI And SOA Margin (%) 16.6017.0812.708.977.09
Return on Networth / Equity (%) 10.349.897.545.365.17
Return on Capital Employeed (%) 36.4335.2613.0310.5112.03
Return On Assets (%) 2.192.251.521.000.89
Long Term Debt / Equity (X) 0.000.001.812.302.72
Total Debt / Equity (X) 3.613.273.864.274.72
Asset Turnover Ratio (%) 0.140.120.110.010.00
Current Ratio (X) 1.241.262.252.552.71
Quick Ratio (X) 1.241.262.252.552.71
Dividend Payout Ratio (NP) (%) 23.5421.407.620.000.00
Dividend Payout Ratio (CP) (%) 22.3720.397.130.000.00
Earning Retention Ratio (%) 76.4678.6092.380.000.00
Cash Earning Retention Ratio (%) 77.6379.6192.870.000.00
Interest Coverage Ratio (X) 1.611.581.391.231.19
Interest Coverage Ratio (Post Tax) (X) 1.441.431.341.151.10
Enterprise Value (Cr.) 119702.45111316.9990724.7197339.03103970.93
EV / Net Operating Revenue (X) 7.528.207.108.167.60
EV / EBITDA (X) 12.4313.0611.2913.7512.15
MarketCap / Net Operating Revenue (X) 2.402.901.591.671.73
Retention Ratios (%) 76.4578.5992.370.000.00
Price / BV (X) 1.501.680.940.991.26
Price / Net Operating Revenue (X) 2.402.901.591.671.73
EarningsYield 0.060.050.070.050.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

L&T Finance Ltd. is a Public Limited Listed company incorporated on 01/05/2008 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67120MH2008PLC181833 and registration number is 181833. Currently Company is involved in the business activities of Activities of holding companies. Company's Total Operating Revenue is Rs. 15912.13 Cr. and Equity Capital is Rs. 2494.87 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)Brindavan, Plot No. 177, CST Road, Kalina, Mumbai Maharashtra 400098Contact not found
Management
NamePosition Held
Mr. S N SubrahmanyanChairperson & Non Executive Director
Mr. Sudipta RoyManaging Director & CEO
Mr. R Shankar RamanNon Executive Director
Dr.(Mrs.) Rajani GupteIndependent Director
Mr. T Thomas MathewIndependent Director
Dr. R SeetharamanIndependent Director
Mr. Nishi VasudevaIndependent Director

FAQ

What is the intrinsic value of L&T Finance Holdings Ltd and is it undervalued?

As of 21 April 2026, L&T Finance Holdings Ltd's intrinsic value is ₹156.25, which is 36.22% lower than the current market price of ₹245.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.8 %), book value (₹105), dividend yield (1.12 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of L&T Finance Holdings Ltd?

L&T Finance Holdings Ltd is trading at ₹245.00 as of 21 April 2026, with a FY2026-2027 high of ₹329 and low of ₹140. The stock is currently in the middle of its 52-week range. Market cap stands at ₹61,248 Cr..

How does L&T Finance Holdings Ltd's P/E ratio compare to its industry?

L&T Finance Holdings Ltd has a P/E ratio of 21.6, which is below the industry average of 171.25. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is L&T Finance Holdings Ltd financially healthy?

Key indicators for L&T Finance Holdings Ltd: ROCE of 8.71 % is on the lower side compared to the industry average of 11.38%. Dividend yield is 1.12 %.

Is L&T Finance Holdings Ltd profitable and how is the profit trend?

L&T Finance Holdings Ltd reported a net profit of ₹2,643 Cr in Mar 2025 on revenue of ₹15,924 Cr. Compared to ₹1,049 Cr in Mar 2022, the net profit shows an improving trend.

Does L&T Finance Holdings Ltd pay dividends?

L&T Finance Holdings Ltd has a dividend yield of 1.12 % at the current price of ₹245.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in L&T Finance Holdings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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