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L&T Finance Holdings Ltd share Price

Company details

6M Return 45.93%
1Y Return 55.98%
Mkt Cap.(Cr) 30,888.01
Volume 5,749,660
Div Yield 1.60%
OI Chg %
Volume 5,749,660

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Retailisation story at attractive valuation…
Retailisation story at attractive valuation…

    L&T Finance Holding (LTFH) is a leading NBFC catering to the diverse financing needs of served and underserved customers in urban as well as rural areas. LTFH offers financial assistance in various segments including consumer loans, two-wheeler loans, home loans, micro loans, farm loans and SME loans. Backed by a strong parent, the lender has been assigned “AAA” rating by rating agencies. Its distribution network remains strong with substantial dealer penetration (2500+ dealers in farm equipment and 5500+ tie-ups in two-wheeler segment), 2 crore customers (database) spread across 21 states and one union territory.

Re-orientation of balance sheet towards retailisation

    In April 2022, LTFH announced “Lakshya 2026”, which was targeted towards retailisation and a shift from product based approach to customer focused approach to pedal business growth as well as improve return ratios. As per the plan, the recalibrated product growth strategy was adopted with customised products in mature markets [farm equipment, rural group loans (MFI) and two wheeler finance] with focus on newer retail segment (consumer loans, home loans, LAP and SME loans) with substantial growth potential.

    The management aimed to run down the wholesale book and increase retail share in total loans. Accordingly, in the last four quarters, the share of retail loans has increased from 51% to 75% while the proportion of wholesale book has declined from 49% to 25% (from ₹ 43257 crore to ₹ 19840 crore). Induction of new Chairman SN Subrahmanyan in February 2022 hastened the process of restructuring further.

    Going ahead, AUM growth is expected to be driven by the retail segment – newer segments seen driving faster traction while existing mature segments are expected to witness steady growth with a gradual gain in market share. Increase in retail proportion will continue to aid NIMs trajectory (calculated NIMs at 7.5% in FY23 vs. 6.3% in FY22), which is expected to improve to ~8-9% levels.

    LTFH has been focusing on accelerating retailisation and, thus, leveraging fintech capabilities through automation in order to make the customer journey hassle free and quick. All this should aid sustainable retail AUM growth (31% YoY in FY24E and 24% YoY in FY25E) and gradual improvement in efficiency. However, CI ratio could remain elevated at ~40-41% in the initial phase and subsequently witness improvement at ~38-39% level.

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Holding Company L&T Finance Holdings announced Q1FY24 results:

  • Retail portfolio mix now stands at 82% of the total loan book; achieved Lakshya 2026 goal of greater than 80% retailisation almost three years in advance
  • Robust Q1FY24 retail disbursements at Rs 11,193 crore, up 25% YoY driven by strong growth across all retail segments coupled with top-notch digital and data analytics
  • Accelerated reduction in the wholesale book by 65% YoY, a reduction of Rs 25,992 crore in line with Lakshya 2026 gaining momentum towards becoming a top-notch, retail finance company
  • Achieves Lakshya 2026 goal of over 80 percent retailisation much ahead of time
  • PLANET app crosses 44 lakh downloads; powering up with digital technology towards becoming a Fintech@Scale
  • Progressing well on the proposed merger of entities leading to a 'single entity structure'
  • PAT stood at Rs 531 crore, up 103% in Q1FY24 from Rs 262 crore in Q1FY23
  • Strong Balance Sheet with a Capital Adequacy Ratio of 25.75% (Tier 1: 23.42%) in Q1FY24 and adequate liquidity buffers in place
  • Declared highest final dividend till date of Rs 2 per equity share (face value of Rs 10 per share) for FY23
  • Rated ‘AAA’ by CRISIL, ICRA, CARE and India Ratings

Commenting on the financial results, Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings said, “It gives me immense pleasure to announce that we have achieved Retailisation of 82% in Q1FY24 itself, much ahead of Lakshya 2026 goal of greater than 80% Retailisation. In fact, we have been able to achieve most of our Lakshya 2026 goals almost 3 years in advance. This achievement is attributed to the twin strategy of strongly growing the retail asset book on one side and ensuring a sharp reduction in the wholesale book on the other, while maintaining best-inclass asset quality. On the fintech front, our customer facing application PLANET has crossed 44 lakh downloads as on date and is constantly evolving to offer exciting features to our customers, while servicing most of their requirements. Going forward, we will sustain our growth momentum and continue to work towards creating a customer-focused and sustainable Fintech@Scale. The Company will continue to develop digital finance delivery as a customer value proposition thereby touching every part of the customer ecosystem through our digital offerings.”


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Investment recommendation
Retailisation story at attractive valuation…
Call Date
25 May 2023
Entry Price 101.00
Target Price 125.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

L&T Finance Holdings Ltd Stocks COMPARISION


Equity Capital: 21,528.37 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 13,565.29 -8,591.81
LAST 3M 37,244.98 3,231.65
LAST 6M 45,909.21 154,115.29
LAST 12M 133,371.71 158,810.39

L&T Finance Holdings Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • L&T Finance Holdings Limited is engaged in the financial services sector. The company has its market capitalization worth INR 23,002.89 crore as of 16th April 2021. This company was established in 2008. The company has reported quarterly revenue of INR3,622 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 533519 and on the National Stock Exchange (NSE) with the symbol L&TFH. L&T Finance Holdings Limited is headquartered in Mumbai. The company provides financial services like two-wheeler finance, farm equipment finance, infrastructure, housing and real estate finance, microloans and mutual funds. Some of its subsidiaries are L&T Mutual Funds, L&T Finance Limited, L&T Housing Finance Limited etc. L&T Finance Holdings Ltd. changed its name from L&T Capital Holding Ltd. on September 1, 2010. In 2011 the company came up with its first initial Public Offer and entered the capital market. In 2012, the assets of the company crossed the Rs.30000 crore benchmark and during the same year, L&T Finance Holdings entered the housing finance business after acquiring Indo Pacific Housing Finance Ltd. In the same year, the L&T Finance Holdings mutual funds unit received Fidelity's mutual fund business in India. In June 2018, through its subsidiary, the company declared about the opening of its 1000thmeeting centre in West Bengal for the business of micro-loans. An end-to-end digital platform characterizes the microloans business, and it has a range of services like loan sanctioning, group formation, e-signing etc. The company also released an app that would provide an instant customer onboard system and a seamless loan sanctioning system. In the financial year 2018, the company redeemed Rs.1,79,00,000 Compulsory Convertible Redeemable Preference Shares, which amounted to Rs.17,900 Lakhs. By way of a capital infusion made by the promoters, the company has made efforts to help grow the fund of LTFH's focused lending business, viz. rural finance, housing finance and wholesale finance. The company has experienced a positive cash flow for the first time in the past five years, and the company has generated Rs.2161 crore as cash flow from operating activities. The company has witnessed substantial growth in their net cash flow over the last four financial years between 2016-2020. However, the company has a very high debt amounting to Rs.94458 crore as of March 2020.

Registered Address

Brindavan Plot No 177 CST Road, Kalina Santacruz (East), Mumbai, Maharashtra, 400098

Tel : 91-22-62125000
Email : igrc:ltfs.com
Website : http://www.ltfs.com

Sharepro Services India P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533519
NSE Code : L&TFH
Book Closure Date (Month) :
BSE Group : A
ISIN : INE498L01015

FAQ’s on L&T Finance Holdings Ltd Shares

You can buy L&T Finance Holdings Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy L&T Finance Holdings Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:59 PM the closing price of L&T Finance Holdings Ltd was ₹ 124.55.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 03:59 PM, the market cap of L&T Finance Holdings Ltd stood at ₹ 30,888.01.

The latest PE ratio of L&T Finance Holdings Ltd as of Sep 22, 2023 03:59 PM is 18.51

The latest PB ratio of L&T Finance Holdings Ltd as of Sep 22, 2023 03:59 PM is 0.70

The 52-week high of L&T Finance Holdings Ltd is ₹ 140.20 while the 52-week low is ₹ 72.00

According to analyst recommendations, L&T Finance Holdings Ltd has a “Buy” rating for the long term.

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