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L&T Finance Ltd (LTF.NS)

INR312.40 -2.90 (-0.92%)
IN NSE Financial Services Financial - Credit Services
Address Brindavan, Plot No. 177 400098
Mumbai, IN
CEO Sudipta Roy
Website ltfs.com
IPO 2011-08-12
ISIN INE498L01015

Explore sections of this company profile

Also trades on National Stock Exchange of India · L&TFH.NS (INR) National Stock Exchange of India · LTF.NS (INR)
Description

L&T Finance Limited, an Indian non-banking financial company (NBFC), provides a comprehensive suite of financial products and services throughout the country. Its business operations are strategically divided into four primary segments: Retail Finance, Wholesale Finance, Defocused Business, and an 'Others' category. The Retail Finance division caters to a diverse clientele, offering services such as farmer finance (including equipment and agri-allied financing), rural business finance (like microfinance and broader rural business loans), urban finance (which covers two-wheeler, consumer, retail housing, and loans against property), financing for Small and Medium Enterprises (SMEs), and the acquisition of retail portfolios. The Wholesale Finance segment, on the other hand, specializes in providing funding for real estate and infrastructure projects. Furthermore, the Defocused Business segment deals with structured corporate loans and services related to debt capital markets. The 'Others' segment mainly encompasses asset management services. Originally incorporated in 1994 and headquartered in Mumbai, India, the company was formerly known as L&T Finance Holdings Limited until it adopted its current name, L&T Finance Limited, in March 2024. It operates as a subsidiary of Larsen & Toubro Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR312.40 -2.90 (-0.92%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.65
Float Shares
843.60M
Free Float %
33.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+7.42% +4.49% -2.11% +6.96% -10.36% -12.66% +48.61% +151.09% +184.34% +287.08% +492.80%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
312.40
DCF (Unlevered) 30.70 -90.2%
DCF (Levered) 224.24 -28.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 70% Bullish
Rating 2026-06 Change
Strong Buy 6 0
Buy 8 0
Hold 3 -1
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.64
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Financial - Credit Services: +13.2%
    +10.8% Q2'26: +21.2% (vs Q2'25)
  • ✓
    EPS growth Financial - Credit Services: +24.0%
    +12.0% Q2'26: +28.2% (vs Q2'25)
  • ✓
    FCF margin FCF growth · Financial - Credit Services: +70.9%
    +9.8% Q2'26: +0.0% (vs Q2'25)
  • ✓
    EBIT margin Financial - Credit Services: +28.7%
    +23.0% Q2'26: +24.5% (vs Q2'25)
  • ✗
    ROIC Financial - Credit Services: +5.0%
    +2.3% Q2'26: +2.8% (vs Q2'25)
  • ✗
    Share dilution Financial - Credit Services: +0.0%
    +0.7% Q2'26: +0.4% (vs Q2'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Financial - Credit Services: 4.07×
    26.21× Q2'26: 22.30× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.65) × ERP
WACC = 39% × Ke + 61% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 26.45 Current price: 312.40
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
14 Rev. Ana.
17 EPS Ana. 		Mar 2027
16 Rev. Ana.
17 EPS Ana. 		Mar 2028
15 Rev. Ana.
17 EPS Ana. 		Mar 2029
8 Rev. Ana.
8 EPS Ana.
Revenue
61.11B
est: 27.64B (+121.1%)
71.42B
est: 33.00B (+116.4%)
82.96B
est: 39.17B (+111.8%)
89.67B
est: 50.70B (+76.9%)
107.47B
est: 68.12B (+57.8%)
121.66B
est: 74.03B (+64.3%)
107.03B
est: 69.29B (+54.5%)
113.44B
est: 70.63B (+60.6%)
123.19B
est: 76.29B (+61.5%)
132.36B
est: 77.24B (+71.4%)
156.66B
est: 99.51B (+57.4%)
112.50B
110.49B – 116.80B
+13.1% YoY
136.00B
128.84B – 140.87B
+20.9% YoY
162.04B
145.69B – 170.84B
+19.1% YoY
197.23B
195.59B – 198.87B
+21.7% YoY
EBITDA
12.70B
est: 3.73B (+240.2%)
13.35B
est: 4.46B (+199.5%)
11.46B
est: 5.29B (+116.6%)
14.98B
est: 6.85B (+118.6%)
31.02B
est: 9.20B (+237.0%)
27.62B
est: 10.00B (+176.1%)
13.47B
est: 9.36B (+43.9%)
13.25B
est: 9.54B (+38.9%)
-4.45B
est: 10.31B (-143.2%)
31.44B
est: 12.24B (+156.8%)
36.30B
est: 15.77B (+130.2%)
17.83B
17.51B – 18.51B
+13.1% YoY
21.55B
20.42B – 22.32B
+20.9% YoY
25.68B
23.09B – 27.07B
+19.1% YoY
31.26B
31.00B – 31.52B
+21.7% YoY
EBIT
11.75B
est: 3.49B (+236.2%)
12.53B
est: 4.17B (+200.2%)
10.79B
est: 4.95B (+117.8%)
14.46B
est: 6.41B (+125.5%)
30.52B
est: 8.61B (+254.4%)
26.80B
est: 9.36B (+186.3%)
12.61B
est: 8.76B (+44.0%)
12.23B
est: 8.93B (+36.9%)
-5.57B
est: 9.65B (-157.7%)
30.29B
est: 11.50B (+163.3%)
34.91B
est: 14.82B (+135.6%)
16.76B
16.46B – 17.40B
+13.1% YoY
20.26B
19.19B – 20.98B
+20.9% YoY
24.13B
21.70B – 25.44B
+19.1% YoY
29.37B
29.13B – 29.62B
+21.7% YoY
Net Income
8.55B
est: 10.88B (-21.4%)
8.57B
est: 10.77B (-20.5%)
10.42B
est: 12.19B (-14.5%)
12.55B
est: 17.47B (-28.2%)
22.26B
est: 26.98B (-17.5%)
17.00B
est: 22.77B (-25.3%)
9.71B
est: 11.83B (-17.9%)
10.70B
est: 12.03B (-11.0%)
16.23B
est: 16.60B (-2.2%)
23.20B
est: 24.75B (-6.2%)
26.44B
est: 26.59B (-0.6%)
29.28B
26.86B – 31.71B
+10.1% YoY
38.09B
34.46B – 39.93B
+30.1% YoY
47.09B
42.55B – 50.05B
+23.6% YoY
58.90B
52.61B – 65.14B
+25.1% YoY
SGA
4.09B
est: 1.11B (+268.0%)
3.81B
est: 1.33B (+186.7%)
5.32B
est: 1.58B (+237.4%)
1.45B
est: 2.04B (-29.1%)
1.95B
est: 2.74B (-28.9%)
2.12B
est: 2.98B (-28.7%)
9.61B
est: 2.79B (+244.7%)
11.13B
est: 2.84B (+291.8%)
14.91B
est: 3.07B (+385.9%)
6.55B
est: 8.04B (-18.5%)
22.87B
est: 8.47B (+169.9%)
9.58B
9.41B – 9.94B
+13.1% YoY
11.58B
10.97B – 11.99B
+20.9% YoY
13.79B
12.40B – 14.54B
+19.1% YoY
16.79B
16.65B – 16.93B
+21.7% YoY
EPS
4.00
est: 4.36 (-8.4%)
3.53
est: 4.32 (-18.3%)
4.85
est: 4.89 (-0.8%)
6.40
est: 7.01 (-8.7%)
10.37
est: 10.83 (-4.2%)
8.00
est: 9.14 (-12.5%)
4.49
est: 4.75 (-5.4%)
4.33
est: 4.83 (-10.3%)
6.56
est: 6.66 (-1.5%)
9.34
est: 9.95 (-6.1%)
10.61
est: 10.59 (+0.2%)
11.93
10.70 – 12.64
+12.6% YoY
15.11
13.73 – 15.91
+26.7% YoY
18.92
16.95 – 19.95
+25.2% YoY
23.52
20.97 – 25.96
+24.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-11 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-10 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-09 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-08 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-05 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-04 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-03 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-02 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-06-01 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-05-29 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-05-27 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-05-26 B- 2/5 3/5 3/5 4/5 1/5 2/5 1/5
2026-05-25 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-05-22 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-05-21 B- 3/5 4/5 3/5 4/5 1/5 2/5 1/5
2026-05-20 B- 2/5 3/5 3/5 4/5 1/5 2/5 1/5
2026-05-19 B- 2/5 3/5 3/5 4/5 1/5 2/5 1/5
2026-05-18 B- 2/5 3/5 3/5 4/5 1/5 2/5 1/5
2026-05-15 C+ 2/5 3/5 3/5 4/5 1/5 1/5 1/5
2026-05-14 C+ 2/5 3/5 3/5 4/5 1/5 1/5 1/5
2026-05-13 C+ 2/5 3/5 3/5 4/5 1/5 1/5 1/5
2026-05-12 C+ 2/5 3/5 3/5 4/5 1/5 1/5 1/5
2026-05-11 C+ 2/5 3/5 3/5 4/5 1/5 1/5 1/5
2026-05-08 B- 3/5 3/5 3/5 5/5 1/5 2/5 1/5
2026-05-07 B- 3/5 3/5 3/5 5/5 1/5 2/5 1/5
2026-05-06 B- 3/5 3/5 3/5 5/5 1/5 2/5 1/5
2026-05-05 B- 3/5 3/5 3/5 5/5 1/5 2/5 1/5
2026-05-04 B- 3/5 3/5 3/5 5/5 1/5 2/5 1/5
2026-04-30 B 3/5 3/5 4/5 5/5 1/5 2/5 1/5
2026-04-29 B 3/5 3/5 4/5 5/5 1/5 2/5 1/5
2026-04-28 B 3/5 4/5 4/5 5/5 1/5 2/5 1/5
2026-04-27 B 3/5 4/5 4/5 5/5 1/5 2/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-15 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
509.46M
OE per share TTM
0.20
Owner's Yield
0.07%
Maintenance CapEx ratio
1.99%
Maint CapEx / Avg PPE
2.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 98 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews India Active ETF INDE INDE 0.37% 65.0K 0.79%
2 iShares MSCI India UCITS ETF NDIA.L 0.21% 11.02M 0.65%
3 iShares MSCI India ETF INDA 0.20% 13.68M 0.61%
4 Franklin FTSE India ETF FLIN 0.17% 4.77M 0.19%
5 Franklin FTSE India UCITS ETF FLXI.L 0.17% 3.45M 0.19%
6 Hartford Multifactor Emerging Markets ETF ROAM 0.10% 114.5K 0.44%
7 Avantis Emerging Markets Value ETF AVES 0.10% 1.54M 0.36%
8 iShares MSCI BIC ETF BKF 0.07% 56.2K 0.72%
9 Avantis Emerging Markets ex-China Equity ETF AVXC 0.07% 270.8K 0.33%
10 Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM 0.06% 982.7K 0.59%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.31M
Shares Outstanding
2.51B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sudipta Roy MD, Chief Executive Officer & Director 51M male
Sachinn Roopnarayan Joshi Group Chief Financial Officer 23M male
Apurva Rathod Company Secretary, Compliance Officer, Chief Sustainability Officer & Chief IR Officer 12M female
Gigesh Gangadharan Head of Digital Marketing — male
Kavita Jagtiani Chief Marketing Officer — female
Abhishek Sharma Chief Executive of SME Finance — male
Ramesh Aithal Chief Digital Officer — male
Shatabdi Basu Gupta Chief Human Resources Officer — female
Sonia Krishnankutty Chief Executive of Rural Business Finance — female
Raju Dodti Chief Operating Officer — male
Asheesh Goel Chief Executive of Farmer Finance — male
Debarag Banerjee Chief Data & AI Officer — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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