L

L&T Finance Limited

LTFNSE
Market snapshot · 2026-08-11 09:37 UTC

315.20

+₹2.35 (+0.75%)

MARKET CAP

₹78.99K Cr

STOCK P/E

24.5x

52W HIGH

₹338.60

52W LOW

₹195.40

BOOK VALUE

₹112.09

EPS

₹12.86

ROE

SECTOR

Financials

GROSS NPA

0.00%

VOLUME

21.72L

P/B RATIO

2.81x

NET NPA

0.00%

Sector

Financials

Themes

Consumer FinanceL&TGovernment of Singapore Portfolio
D
Dividend
E
Earnings
₹327.00₹295.26₹263.51₹231.77₹200.02VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

L&T Finance is an Indian non-banking finance company offering housing, personal, and two-wheeler loans. Rural and farmer lending, including tractor finance, also drive its consumer-focused revenue base. The Supreme Industries-to-Shriram Finance development offers limited direct operating relevance, leaving growth dependent on continued loan expansion. Revenue grew 10% year-on-year, while profit increased 12.8%. Margins remained stable, but ROE is unavailable, limiting assessment of capital efficiency. Debt-to-equity of 393.44 materially magnifies leverage impact on shareholder returns and increases funding sensitivity. At 24.3 times earnings, valuation appears fair relative to reported growth, rather than discounted. The key open question is whether loan growth can offset leverage and credit-cycle risks.

Valuation Metrics

Trading 87.5% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.9). Confidence: 68%.

Live forward EPS implies next-12-month EPS of ₹19.54. Applying the stock's normalized valuation corridor produces a fair range of ₹223.15 to ₹398.81, with base value near ₹255.39 (-19.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹19.54

Forward P/E

16.1x

Base Fair Value

₹255.39

Fair Range

₹223.15 - ₹398.81

Upside To Base

-19.0%

Estimate Source

Live forward EPS

Growth Estimate

+28.2%

P/B
Overvalued

5Y Average

2.46

Current

2.81

Overvalued

2.82

Undervalued

2.09

P/E
Strongly Overvalued

5Y Average

11.99

Current

24.51

Overvalued

20.41

Undervalued

11.42

P/S
Strongly Overvalued

5Y Average

4.02

Current

8.21

Overvalued

4.84

Undervalued

2.15

Peers & Comparison

Sector: Financials · Theme: Consumer Finance

Consumer Finance Peers8 peers
Avg P/E: 32x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MUTHOOT FINANCE LIMITED
MUTHOOTFINConsumer Finance
+35.3%55.5%
10.3x
Undervalued
-68% vs avg
+14.7%
SHRIRAM FINANCE LIMITED
SHRIRAMFINConsumer Finance
+39.1%50.1%
19.5x
Undervalued
-39% vs avg
+85.9%
TATA CAPITAL LIMITED
TATACAPConsumer Finance
+40.3%39.7%
28.9x
Fair
-10% vs avg
+11.3%
SUNDARAM FINANCE LTD
SUNDARMFINConsumer Finance
+26.8%46.1%
22.4x
Undervalued
-30% vs avg
+1.3%
POONAWALLA FINCORP LTD
POONAWALLAConsumer Finance
+100.3%22.7%
51.0x
Premium
+59% vs avg
+6.7%
JIO FIN SERVICES LTD
JIOFINConsumer Finance
+208.2%55.0%
79.5x
Premium
+148% vs avg
-22.3%
INDIAN RENEWABLE ENERGY
IREDASpecialized Finance
+23.7%46.0%
16.9x
Undervalued
-47% vs avg
-17.2%
CHOLAMANDALAM IN & FIN CO
CHOLAFINConsumer Finance
+34.6%40.5%
27.3x
Fair
-15% vs avg
+32.3%
WHY THESE PEERS

L&T FINANCE LIMITED trades at a discount (24.5x vs peer avg 32.0x), suggesting potential undervaluation relative to the Consumer Finance cohort. Peers include MUTHOOT FINANCE LIMITED, SHRIRAM FINANCE LIMITED, TATA CAPITAL LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹5.21K CrJun 2026

Latest net profit

₹895 CrJun 2026

Free cash flow

₹-14.47K CrMar 2026

Net Profit

₹895 CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-50.00K Cr0.00 Cr50.00K Cr1.00L Cr1.50L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +3,1583,2143,5333,6703,7824,0154,0954,0204,2574,3334,5784,9215,213
Interest1,3641,3251,3531,3351,3511,4761,5691,6001,6361,6341,7031,7471,970
Expenses +1,2151,3431,3811,6321,4911,5831,6841,5871,6491,6711,8121,9031,999
Financing Profit5785467997039409568428339721,0281,0641,2701,244
Financing Margin %18%17%23%19%25%24%21%21%23%24%23%26%24%
Other Income +154262486158500-25031
Depreciation28272826273235393949565962
Profit before tax7047818186839139298157989349799831,2111,213
Tax %26%26%22%20%26%26%24%21%26%26%26%22%26%
Net Profit +524581636545679689619631694728731947895
EPS in Rs2.112.342.562.192.732.762.482.532.782.912.923.783.57
Gross NPA %
Net NPA %
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +66.16%66.10%66.03%65.99%65.96%
FIIs +6.19%6.40%6.66%7.64%7.71%
DIIs +14.10%14.33%15.33%14.91%14.90%
Public +13.55%13.15%11.99%11.48%11.45%
Others0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Jul 29, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 20, 2026PDFCompany Reports Open

Concall Transcript - FY2027

Jul 20, 2026PDFKnowledge Base Open