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    Finance/Rental/Leasing
L&T Finance Ltd

L&T Finance Ltd

236.80
INR
-7.30
(-2.99%)
12.60EPS
24.70P/E
778.59BMarket Cap
Jan 08Next Earn
L&T Finance Ltd
NSE:LTF
(National Stock Exchange of India)

Recent

price

236.80

P/E

ratio

24.70

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
14.07
7.32
8.77
10.81
13.76
16.22
19.47
17.93
18.1
21.9
16.13
22.61
26.33
31.64
38.79
42.54
44.59
Revenue per Share
2.62
2.62
3.95
2.82
4.01
3.52
4.85
5.92
10.37
8
4.49
4.33
6.55
9.34
10.61
11.92
12.58
Basic EPS, GAAP
-40.32
-35.35
-37.44
-34.39
-36.44
-50.02
-30.82
-80.16
-54.65
9.8
25.01
24.27
26.61
2.28
-67.33
-57.71
- -
Free Cash Flow per Basic Share
- -
- -
0.05
1.38
1.56
1.97
1.57
1.13
1.26
2.28
- -
- -
0.5
2
2.5
2.75
- -
Dividend per Share
18.98
25.78
29.64
31.53
34.48
38.17
30.51
48.34
62.58
68.16
76.02
80.63
86.82
94.17
102.47
111.74
- -
Book Value per Share
18.65
25.49
26.08
27.97
30.95
34.73
27.07
45.18
59.18
64.59
72.89
80.02
86.28
93.59
101.78
109.7
- -
Tangible Book Value per Share
1,491
1,738
1,844
1,846
1,848
1,860
1,886
1,962
2,147
2,124
2,164
2,473
2,477
2,484
2,493
2,500
2,503
Basic Weighted Avg Shares
20,987
12,722
16,166
19,968
25,431
30,181
36,731
35,176
38,874
46,526
34,904
55,904
65,213
78,593
96,692
106,352
111,585
Sales/Revenue/Turnover
77.77
187.98
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
591
600
651
801
955
828
673
519
496
816
871
995
1,109
1,146
1,389
2,097
2,214
Depreciation Expense
3,912
4,548
7,305
5,969
8,547
8,567
10,422
12,547
22,263
17,002
9,709
10,701
16,233
23,201
26,437
29,812
31,488
Net Income, GAAP
35.29
33.53
26.24
27.89
27.59
31.85
3.38
11.64
26.87
36.56
41.47
30.55
- -
23.5
24.28
25.39
25.48
Effective Tax Rate (%)
18.64
35.75
45.19
29.89
33.61
28.39
28.37
35.67
57.27
36.54
27.82
19.14
24.89
29.52
27.34
28.03
28.22
Profit Margin (%)
14,492
24,936
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
101,161
211,813
284,344
361,389
424,991
521,739
630,852
752,483
893,973
918,588
871,474
848,510
831,049
766,035
923,724
1,102,977
- -
LT Debt
28,912
47,527
62,202
68,257
78,402
85,089
72,254
116,302
136,709
149,126
189,704
201,275
216,178
235,280
256,311
280,340
- -
Total Equity
8.39
7.76
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
8.39
8.16
2.41
1.54
1.83
1.54
1.58
1.57
2.34
1.62
0.93
1.03
- -
2.27
2.42
2.32
- -
Return on Capital (%)
14.94
11.9
14.26
9.22
12.15
9.66
14.12
14.4
18.69
12.08
5.8
5.53
7.83
10.32
10.79
11.13
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,503
2,504
2,506
Market Capitalization
790,705
601,554
778,586

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
58,776
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.04%
8.13%
9.37%
Free Cash Flow
-299.55%
-629.05%
-14.03%
Net Income, GAAP
18.45%
26.31%
12.77%
Sales/Revenue/Turnover
15.31%
26.07%
9.99%
Total Cash Common Dividend
- -
- -
10.33%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
22,781
24,479
26,106
23,326
96,692
2026
25,341
- -
27,172
28,214
106,352
2027
30,857
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.75
2.79
2.51
2.55
10.61
2026
2.81
- -
2.95
3.22
11.92
2027
3.6
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.5
2026
- -
- -
- -
- -
2.75
2027
- -
- -
- -
- -
- -
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Business
L&T Finance Ltd. (LTF.NS), formerly L&T Finance Holdings Ltd., is a leading non-banking financial company (NBFC) promoted by Larsen & Toubro Ltd. and headquartered in Mumbai, India, founded in 1994. The company provides a comprehensive range of retail-focused financial products and services across rural and urban segments; these include farmer finance for tractors and farm equipment; rural business finance for micro loans and SME financing; urban finance encompassing two-wheeler loans with average ticket sizes around Rs 1 lakh, personal loans for medical emergencies, home renovation, weddings, education, vacations, and debt consolidation; housing loans and loans against property; commercial vehicle financing; and, following its June 2025 completion of the acquisition of Paul Merchants Finance Pvt Ltd's gold loan business with a Rs 1,350 crore portfolio, 130 branches, and 700 employees, secured gold loans as a high-yield addition to its secured lending offerings. L&T Finance operates over 13,000 distribution touchpoints nationwide, serving a customer database exceeding 2.3 crore with a workforce of more than 30,500 employees, and maintains AAA credit ratings from four leading agencies while advancing its Lakshya 2026 strategy emphasizing customer acquisition, digital architecture including Project Cyclops, credit underwriting, and brand visibility. In FY24, it achieved record retail disbursements of Rs 54,267 crore (29% year-over-year growth), retail assets under management surpassing Rs 80,000 crore (31% growth), and profit after tax of Rs 2,320 crore (43% growth), with continued momentum into FY25 including October 2025 disbursements exceeding Rs 8,000 crore and plans for 200 new branches by March 2026.