L&T Finance Ltd.
NSE: LTF · Non Banking Financial Company (NBFC)
Snapshot
Unlock L&T Finance Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
L&T Finance Limited is a prominent Indian non-banking financial company that provides a diverse range of retail and wholesale financial products. Its operations span farm equipment finance, rural business loans, urban finance, and infrastructure financing.
Business Model
The company generates revenue primarily through interest income on retail and wholesale loan portfolios, alongside fees from asset management and financial services. It operates as a subsidiary of Larsen & Toubro Limited, leveraging the parent group's brand and financial stability.
Management Commentary
Management has recently focused on transitioning the company's identity and streamlining operations, evidenced by the name change from L&T Finance Holdings Limited to L&T Finance Limited in March 2024.
Growth Outlook
Growth is driven by the expansion of the retail finance segment, particularly in rural and urban consumer lending, alongside strategic portfolio acquisition. The company continues to pivot away from defocused business segments to strengthen its core retail presence.
Key Risks
- Credit Risk. The company faces potential losses if borrowers in the retail or wholesale segments default on their loan obligations.
- Interest Rate Risk. Fluctuations in interest rates can impact the company's net interest margins and the cost of borrowing funds.
- Regulatory Risk. As an NBFC, the company is subject to stringent oversight by the Reserve Bank of India, where policy changes could impact operational flexibility.
- Economic Cyclicality. The demand for farm equipment and infrastructure finance is highly sensitive to broader economic cycles and rural income levels.
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Key Metrics
REVENUE
₹20,077 Cr
TTM · consolidated
NET PROFIT
₹3,436 Cr
TTM · consolidated
EPS
₹13.66
TTM · consolidated
RETURN ON EQUITY
12.4%
TTM · consolidated
P/E
18.4×
Q2 FY27 · consolidated
NET PROFIT MARGIN
17.7%
Q2 FY27 · consolidated
Peers · Non Banking Financial Company (NBFC)
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
L&T Finance Ltd.LTF | ₹63,035 Cr | 18.4× | — | 20.1% | — | 12.4% | — | -7.0% |
SBI Cards and Payment Services Ltd.SBICARD | ₹50,713 Cr | 19.4× | — | 5.8% | — | 16.3% | — | -39.4% |
Sundaram Finance Ltd.SUNDARMFIN | ₹44,149 Cr | 19.7× | — | 13.7% | — | 15.8% | — | -13.5% |
Authum Investment & Infrastructure Ltd.AIIL | ₹43,875 Cr | 7.5× | — | -34.5% | — | 14.2% | — | -82.2% |
Poonawalla Fincorp Ltd.POONAWALLA | ₹42,329 Cr | 37.5× | — | 75.1% | — | 9.2% | — | -0.2% |
HDB Financial ServicesHDBFS | ₹41,895 Cr | 14.1× | — | — | — | 14.3% | — | -31.0% |
As of Q2 FY27
Financials
L&T Finance Ltd.
NSE: LTF · Non Banking Financial Company (NBFC)
Snapshot
Unlock L&T Finance Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
L&T Finance Limited is a prominent Indian non-banking financial company that provides a diverse range of retail and wholesale financial products. Its operations span farm equipment finance, rural business loans, urban finance, and infrastructure financing.
Business Model
The company generates revenue primarily through interest income on retail and wholesale loan portfolios, alongside fees from asset management and financial services. It operates as a subsidiary of Larsen & Toubro Limited, leveraging the parent group's brand and financial stability.
Management Commentary
Management has recently focused on transitioning the company's identity and streamlining operations, evidenced by the name change from L&T Finance Holdings Limited to L&T Finance Limited in March 2024.
Growth Outlook
Growth is driven by the expansion of the retail finance segment, particularly in rural and urban consumer lending, alongside strategic portfolio acquisition. The company continues to pivot away from defocused business segments to strengthen its core retail presence.
Key Risks
- Credit Risk. The company faces potential losses if borrowers in the retail or wholesale segments default on their loan obligations.
- Interest Rate Risk. Fluctuations in interest rates can impact the company's net interest margins and the cost of borrowing funds.
- Regulatory Risk. As an NBFC, the company is subject to stringent oversight by the Reserve Bank of India, where policy changes could impact operational flexibility.
- Economic Cyclicality. The demand for farm equipment and infrastructure finance is highly sensitive to broader economic cycles and rural income levels.
Start your research today
Unlock AI insights, financials, peers and live data on L&T Finance Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹20,077 Cr
TTM · consolidated
NET PROFIT
₹3,436 Cr
TTM · consolidated
EPS
₹13.66
TTM · consolidated
RETURN ON EQUITY
12.4%
TTM · consolidated
P/E
18.4x
Q2 FY27 · consolidated
NET PROFIT MARGIN
17.7%
Q2 FY27 · consolidated
Peers · Non Banking Financial Company (NBFC)
As of Q2 FY27