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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of L&T Finance Holdings Ltd

About the Company - L&T Finance Holdings Ltd

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Basic Stock Data of L&T Finance Holdings Ltd

Last Updated: July 26, 2024, 12:37 am

Market Cap 40,209 Cr.
Current Price 162
High / Low179/86.4
Stock P/E18.4
Book Value 89.2
Dividend Yield1.24 %
ROCE7.56 %
ROE6.41 %
Face Value 10.0
PEG Ratio3.19

Data Source: screener.in

Competitors of L&T Finance Holdings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Enbee Trade & Finance Ltd 16.8 Cr. 11.730.2/9.9010.8 21.20.00 %7.94 %7.61 % 10.0
Elixir Capital Ltd 66.4 Cr. 114139/40.14.34 83.41.09 %36.8 %37.2 % 10.0
Elcid Investments Ltd 0.07 Cr. 3.533.53/3.370.00 5,84,329708 %2.02 %1.54 % 10.0
Ekam Leasing And Finance Co Ltd 5.46 Cr. 9.1010.0/4.098.66 14.80.00 %10.5 %7.34 % 5.00
Easy Fincorp Ltd 23.0 Cr. 939939/814 5920.00 %0.37 %1.23 % 10.0
Industry Average15,017.61 Cr669.0683.375,578.995.60%16.48%27.06%7.51

L&T Finance Holdings Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,3853,4153,0542,9582,9712,9472,9883,1383,4323,2163,2233,2143,534
Expenses1,4661,2371,4051,3121,2991,2281,3881,2361,3561,2821,2701,3311,375
Operating Profit1,9192,1781,6491,6461,6721,7191,6001,9022,0761,9341,9531,8822,159
OPM %57%64%54%56%56%58%54%61%60%60%61%59%61%
Other Income170172109134180172187165-44820215326847
Interest1,7241,6091,5101,4451,4071,3921,4131,4381,5011,4451,3641,3251,353
Depreciation21222328242827272829302829
Profit before tax34471822630642047034660199662714797824
Tax %16%63%22%27%27%27%25%32%-356%37%26%25%22%
Net Profit288266177223308341261406453417531594639
EPS in Rs1.181.080.720.911.321.381.061.641.832.022.142.402.57

Last Updated: July 11, 2024, 9:19 am

L&T Finance Holdings Ltd Quarterly Chart

L&T Finance Holdings Ltd Profit & Loss

Last Updated: July 10, 2024, 7:11 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,0043,9905,2216,4567,4408,53210,21513,36514,10413,35311,93012,77513,187
Expenses5391,0251,2301,6251,9792,7763,3083,3774,1605,4015,2335,2485,258
Operating Profit2,4642,9653,9914,8315,4615,7566,9079,9889,9447,9526,6977,5277,930
OPM %82%74%76%75%73%67%68%75%70%60%56%59%60%
Other Income-13419-51682649-4370836594105671
Interest1,7072,3303,0813,5774,1334,6355,4586,8827,5527,2305,7655,8125,487
Depreciation60658096836752508286103111116
Profit before tax6849898251,1751,2531,0791,4463,0522,6801,4721,4231,7092,997
Tax %34%26%28%28%32%3%12%27%37%36%26%10%
Net Profit4557305958558571,0481,2782,2321,7009491,0491,5362,181
EPS in Rs2.163.462.824.043.974.835.119.066.903.934.336.559.13
Dividend Payout %0%18%22%16%16%13%16%9%11%0%12%31%

L&T Finance Holdings Ltd Profit & Loss Yearly Chart

L&T Finance Holdings Ltd Balance Sheet

Last Updated: July 10, 2024, 7:11 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,7151,7171,7181,7201,7531,7561,9961,9992,0052,4692,4742,4802,483
Reserves3,0383,7534,1074,6565,3246,0209,41111,45012,68816,30417,47419,04919,702
Preference Capital-07501,0001,3631,2131,213-0-0-0-0-0-0
Borrowings21,07728,24735,85442,09151,61659,81175,24891,50793,93488,59285,23783,10576,622
Other Liabilities1,1032,8523,1824,2755,1074,9241,1171,0949021,5821,6961,7062,189
Total Liabilities26,93336,57044,86152,74263,79972,51187,772106,050109,529108,947106,880106,339100,997
Fixed Assets5201,1311,2281,1841,3131,2301,1511,1271,1001,138509553539
CWIP3389140174222819396224225-0
Investments7701,8432,7302,6493,5636,0125,3018,6415,9798,87211,91714,36612,878
Other Assets25,61033,50740,76348,73658,90165,24281,30196,243102,38798,91294,43391,41587,579
Total Assets26,93336,57044,86152,74263,79972,51187,772106,050109,529108,947106,880106,339100,997

L&T Finance Holdings Ltd Reserves and Borrowings Chart

L&T Finance Holdings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days132113532100
Inventory Days
Days Payable
Cash Conversion Cycle132113532100
Working Capital Days927286143210132271-3112613322
ROCE %11%10%10%10%10%9%9%10%10%8%7%8%

L&T Finance Holdings Ltd Financial Efficiency Indicators Chart

L&T Finance Holdings Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters63.65%63.62%63.59%63.53%63.50%66.26%66.23%66.20%66.15%66.11%66.10%66.02%
FIIs9.36%10.60%8.79%8.25%7.86%6.91%6.61%6.75%11.24%11.35%13.90%12.11%
DIIs5.27%5.88%6.57%6.57%6.11%4.57%5.34%5.35%6.05%6.58%5.29%7.02%
Public21.72%19.91%21.05%21.66%22.53%22.26%21.82%21.69%16.56%15.96%14.73%14.85%
No. of Shareholders6,10,4886,34,6147,05,2297,20,6297,67,7157,86,1137,63,7097,50,8857,07,0707,08,2376,63,7696,95,023

L&T Finance Holdings Ltd Shareholding Pattern Chart

No. of L&T Finance Holdings Ltd Shareholders

L&T Finance Holdings Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Arbitrage Opportunities Fund5,680,1260.3584.215,680,1262024-07-240%
Nippon India Arbitrage Fund3,069,8560.3845.515,680,1262024-07-24-45.95%
ICICI Prudential Equity - Arbitrage Fund2,837,8320.2537.745,680,1262024-07-24-50.04%
SBI Equity Savings Fund2,364,8601.0835.065,680,1262024-07-24-58.37%
Axis Arbitrage Fund1,677,7120.7124.875,680,1262024-07-24-70.46%
Axis Business Cycles Fund1,512,0000.8522.425,680,1262024-07-24-73.38%
Mahindra Manulife Mid Cap Fund1,503,0001.2822.285,680,1262024-07-24-73.54%
LIC MF Flexi Cap Fund1,488,3332.4822.065,680,1262024-07-24-73.8%
Mahindra Manulife Flexi Cap Fund966,0811.3214.325,680,1262024-07-24-82.99%
Edelweiss Arbitrage Fund923,6340.1813.695,680,1262024-07-24-83.74%

L&T Finance Holdings Ltd ROCE Trend

L&T Finance Holdings Ltd EPS Trend

L&T Finance Holdings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.564.334.498.5011.15
Diluted EPS (Rs.)6.544.324.478.4611.10
Cash EPS (Rs.)6.644.664.208.8911.41
Book Value[Excl.RevalReserv]/Share (Rs.)87.1881.3576.8274.3868.39
Book Value[Incl.RevalReserv]/Share (Rs.)87.1881.3576.8274.3868.39
Revenue From Operations / Share (Rs.)51.5248.2255.3970.3564.99
PBDIT / Share (Rs.)32.4228.6134.6551.2549.84
PBIT / Share (Rs.)31.9728.2034.3050.8449.59
PBT / Share (Rs.)-2.244.946.0513.3715.27
Net Profit / Share (Rs.)6.204.243.848.4811.17
NP After MI And SOA / Share (Rs.)6.554.333.938.4811.14
PBDIT Margin (%)62.9259.3462.5572.8576.68
PBIT Margin (%)62.0558.4861.9272.2776.30
PBT Margin (%)-4.3510.2510.9319.0023.49
Net Profit Margin (%)12.028.796.9312.0517.18
NP After MI And SOA Margin (%)12.708.977.0912.0517.13
Return on Networth / Equity (%)7.545.365.1711.5716.55
Return on Capital Employeed (%)13.0310.5112.0315.819.40
Return On Assets (%)1.521.000.891.552.09
Long Term Debt / Equity (X)1.812.302.723.366.80
Total Debt / Equity (X)3.864.274.726.396.80
Asset Turnover Ratio (%)0.010.010.000.010.01
Current Ratio (X)2.252.552.712.34144.73
Quick Ratio (X)2.252.552.712.34144.73
Dividend Payout Ratio (NP) (%)7.620.000.0022.370.00
Dividend Payout Ratio (CP) (%)7.130.000.0021.350.00
Earning Retention Ratio (%)92.380.000.0077.630.00
Cash Earning Retention Ratio (%)92.870.000.0078.650.00
Interest Coverage Ratio (X)1.391.231.191.371.45
Interest Coverage Ratio (Post Tax) (X)1.341.151.101.231.33
Enterprise Value (Cr.)90724.7197339.03103970.9396615.13120326.95
EV / Net Operating Revenue (X)7.108.167.606.859.26
EV / EBITDA (X)11.2913.7512.159.4012.08
MarketCap / Net Operating Revenue (X)1.591.671.730.732.35
Retention Ratios (%)92.370.000.0077.620.00
Price / BV (X)0.940.991.260.702.27
Price / Net Operating Revenue (X)1.591.671.730.732.35
EarningsYield0.070.050.040.160.07

L&T Finance Holdings Ltd Profitability Ratios (%)

L&T Finance Holdings Ltd Liquidity Ratios

L&T Finance Holdings Ltd Liquidity Ratios (%)

L&T Finance Holdings Ltd Interest Coverage Ratios (%)

L&T Finance Holdings Ltd Valuation Ratios

Fair Value

Fair Value: 106.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 34.25% compared to the current price 162

Intrinsic Value: 112.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 30.47% compared to the current price 162

Last 5 Year EPS CAGR: 5.76%

*Investments are subject to market risks

Strength and Weakness of L&T Finance Holdings Ltd Stock

StrengthWeakness
  1. The company has higher reserves (10,228.92 cr) compared to borrowings (426.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (9.08 cr) and profit (193.23 cr) over the years.
  1. The stock has a low average ROCE of 9.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 170.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 1.83, which may not be favorable.

FAQ

What is the latest fair value of L&T Finance Holdings Ltd?

The latest fair value of L&T Finance Holdings Ltd is ₹106.51.

What is the Market Cap of L&T Finance Holdings Ltd?

The Market Cap of L&T Finance Holdings Ltd is 40,209 Cr..

What is the current Stock Price of L&T Finance Holdings Ltd as on 25 July 2024?

The current stock price of L&T Finance Holdings Ltd as on 25 July 2024 is 162.

What is the High / Low of L&T Finance Holdings Ltd stocks in FY 2024?

In FY 2024, the High / Low of L&T Finance Holdings Ltd stocks is 179/86.4.

What is the Stock P/E of L&T Finance Holdings Ltd?

The Stock P/E of L&T Finance Holdings Ltd is 18.4.

What is the Book Value of L&T Finance Holdings Ltd?

The Book Value of L&T Finance Holdings Ltd is 89.2.

What is the Dividend Yield of L&T Finance Holdings Ltd?

The Dividend Yield of L&T Finance Holdings Ltd is 1.24 %.

What is the ROCE of L&T Finance Holdings Ltd?

The ROCE of L&T Finance Holdings Ltd is 7.56 %.

What is the ROE of L&T Finance Holdings Ltd?

The ROE of L&T Finance Holdings Ltd is 6.41 %.

What is the Face Value of L&T Finance Holdings Ltd?

The Face Value of L&T Finance Holdings Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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