Financials L&T Finance Limited

Equities

LTF

INE498L01015

Corporate Financial Services

Market Closed - NSE India S.E. 07:42:30 2024-04-30 am EDT 5-day change 1st Jan Change
166.6 INR -1.27% Intraday chart for L&T Finance Limited +1.77% +0.97%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 299,687 100,458 232,084 196,041 200,084 414,932 - -
Enterprise Value (EV) 1 299,687 100,458 232,084 196,041 200,084 393,875 1,206,438 1,406,548
P/E ratio 13.7 x 6.06 x 21.4 x 18.7 x 12.5 x 17 x 14.4 x 11.5 x
Yield 0.66% 1.75% - 0.62% - 1.87% 1.93% 2.67%
Capitalization / Revenue 4.65 x 1.43 x 3.37 x 2.98 x 2.67 x 4.54 x 4.02 x 3.32 x
EV / Revenue 4.65 x 1.43 x 3.37 x 2.98 x 2.67 x 4.54 x 4.02 x 3.32 x
EV / EBITDA 3,008,415 x - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.27 x 0.7 x 1.26 x 1 x - 1.77 x 1.62 x 1.46 x
Nbr of stocks (in thousands) 1,964,517 1,958,247 2,421,329 2,432,275 2,438,565 2,489,841 - -
Reference price 2 152.6 51.30 95.85 80.60 82.05 166.6 166.6 166.6
Announcement Date 4/28/19 5/15/20 4/29/21 4/29/22 4/28/23 4/27/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 64,415 70,345 68,802 65,698 75,045 86,779 103,203 124,942
EBITDA 99,616 - - - - - - -
EBIT 1 55,671 58,906 57,860 53,723 59,873 67,568 62,418 76,977
Operating Margin 86.43% 83.74% 84.1% 81.77% 79.78% 77.86% 60.48% 61.61%
Earnings before Tax (EBT) 1 30,520 26,801 14,952 12,228 -5,565 30,290 39,204 48,454
Net income 1 22,263 17,002 9,709 10,701 16,232 23,201 28,929 36,597
Net margin 34.56% 24.17% 14.11% 16.29% 21.63% 26.74% 28.03% 29.29%
EPS 2 11.10 8.460 4.470 4.320 6.540 9.300 11.60 14.54
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.000 0.9000 - 0.5000 - 3.123 3.220 4.441
Announcement Date 4/28/19 5/15/20 4/29/21 4/29/22 4/28/23 4/27/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 18,983 19,781 16,926 16,928 16,925 16,749 17,226 18,189 19,903 19,726 20,130 20,619 22,324 23,086 23,331
EBITDA - - - - - - - - - - - - - - -
EBIT 1 16,196 16,842 13,828 13,784 14,050 13,448 13,983 14,497 12,476 15,489 15,771 12,387 13,068 14,045 13,727
Operating Margin 85.32% 85.14% 81.69% 81.43% 83.01% 80.29% 81.18% 79.7% 62.68% 78.52% 78.34% 60.08% 58.54% 60.84% 58.84%
Earnings before Tax (EBT) 1 3,487 7,182 2,379 3,193 3,691 4,191 3,068 5,556 -20,813 6,624 7,136 7,261 8,258 9,315 -
Net income 1 2,907 2,668 1,778 2,240 3,260 3,422 2,621 4,064 4,536 5,011 5,309 5,501 6,043 6,737 6,218
Net margin 15.31% 13.49% 10.51% 13.23% 19.26% 20.43% 15.22% 22.34% 22.79% 25.4% 26.37% 26.68% 27.07% 29.18% 26.65%
EPS 2 - 1.170 - - 1.320 - 1.070 1.630 - - 2.130 2.200 2.400 2.750 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/15/21 4/29/21 7/16/21 10/20/21 1/21/22 4/29/22 7/19/22 10/20/22 1/13/23 4/28/23 7/19/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - 791,506 991,616
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 17.9% 12.1% 5.8% 5.53% 7.79% 10.6% 11.8% 13.4%
ROA (Net income/ Total Assets) 2.3% 1.58% 0.89% 0.99% 1.53% 2.21% 2.61% 2.77%
Assets 1 969,221 1,077,967 1,092,540 1,079,371 1,060,948 1,066,808 1,109,795 1,322,200
Book Value Per Share 2 67.30 73.30 76.00 80.60 - 93.90 103.0 114.0
Cash Flow per Share - - 25.20 24.50 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 4/28/19 5/15/20 4/29/21 4/29/22 4/28/23 4/27/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
166.6 INR
Average target price
182 INR
Spread / Average Target
+9.21%
Consensus
  1. Stock Market
  2. Equities
  3. LTF Stock
  4. Financials L&T Finance Limited