LTFFinancial Services

L&T Finance Limited

Non Banking Financial Company (NBFC) · ISIN INE498L01015 · BSE 533519 · NSE EQ · FV ₹10
Last price
₹302
+2.30%today
What this company does

L&T Finance Limited operates in Non Banking Financial Company (NBFC), part of the Financial Services sector. It booked ₹5,243 cr of revenue in its latest quarter (Q1 FY27) and kept 17.2% of sales as profit. It is the 6th largest of 9 Non Banking Financial Company (NBFC) companies we track, by market value.

54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 106–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns47

How much profit it earns on the money it employs

Cash quality37

Whether reported profit actually arrives as cash

Growth & consistency60

Whether sales and profit have grown, and how steadily

Valuation33

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 17% net margin
Sales up 23% vs last year
Profit up 29% vs last year
Promoters hold 66%
No promoter shares pledged
Watch-outs
! Carries high debt (D/E 2.8)
! Operating cash flow is negative

What if I invest in LTF?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹302 +2.30%
latest close · 2026-09-17
1-year return
+272.3%
52-wk low ₹5952-wk high ₹327
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.0Average
LowAverageHigh
P/B ratio2.71Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.9%Fair
WeakFairStrong ▸15%
Net margin17.2%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.75High
LowModerateHigh ▸1
More figures
Market cap
₹75,742 cr
Book value
₹112
EPS
₹3.60
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
2.5%
Earnings yield
4.76%
P/S
3.61
Sales / share
₹83.7
Tax rate
25.9%
Face value
₹10
Shares
250.6 cr
Working capital
Current assets
Current liabilities
Delivery %
46.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹90₹101, midpoint ₹95

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,243 cr
Other Income₹0 cr
Total Income₹5,243 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹698 cr
Finance Costs₹1,970 cr
Depreciation & Amortisation₹63 cr
Other Expenses₹506 cr
Total Expenses₹4,007 cr
Profit before Tax₹1,236 cr
Tax Expense₹320 cr
Net Profit₹916 cr
Net margin on total income17.5%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹698 cr13.3%
Finance costs₹1,970 cr37.6%
Depreciation & amortisation₹63 cr1.2%
Other expenses₹1,277 cr24.3%
Tax expense₹320 cr6.1%
Profit for the period₹916 cr17.5%
Total income ₹5,243 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,578 cr4,771 cr5,243 cr
Total income4,581 cr4,771 cr5,243 cr
Expenses3,561 cr3,697 cr4,007 cr
Profit before tax992 cr1,074 cr1,236 cr
Tax254 cr265 cr320 cr
Net profit (owners' share)739 cr850 cr902 cr
Net margin (owners' share, on revenue)16.1%17.8%17.2%
EPS (₹)2.953.223.60
YoY (latest quarter): total income +23.1% · net profit +28.7%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1.42 L cr
Shareholder equity
₹27,984 cr
parent shareholders
Total debt
₹77,146 cr
Cash
₹4,489 cr
Cash flow · H1 FY26
Operating
₹-4,141 cr
Investing
₹-251 cr
Financing
₹3,607 cr
Peer comparison
Non Banking Financial Company (NBFC) · by market value
CompanyPriceMarket capP/E
Bajaj Finance Limited₹1,015₹6.31 L cr26.4
Shriram Finance Limited₹995₹2.34 L cr16.7
Cholamandalam Investment and Finance Company Limited₹1,765₹1.51 L cr22.7
Tata Capital Limited₹344₹1.45 L cr23.5
Muthoot Finance Limited₹2,770₹1.11 L cr9.9
L&T Finance Limitedthis company₹302₹75,742 cr21.0
SBI Cards and Payment Services Limited₹637₹60,613 cr22.8
HDB Financial Services Limited₹681₹56,586 cr18.0
Sundaram Finance Limited₹4,663₹51,398 cr20.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.91%
trailing 12 months
Dividend / share (TTM)
₹2.75
Last dividend
₹2.75
ex 22 May 2026
ActionDetailEx-date
Dividend₹2.75 / share22 May 2026
Dividend₹2.75 / share27 May 2025
Dividend₹2.5 / share18 Jun 2024
Dividend₹2 / share21 Jul 2023
Dividend₹0.5 / share1 Jul 2022
Rights issue74:1721 Jan 2021
Who owns it · 2026-06-30
No pledge
Promoter
66.0%
FII / Foreign
7.7%
DII / Domestic
14.9%
Retail / others
11.4%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtLARSEN & TOUBRO LIMITED · Promoters2.68 cr · ₹219.6 cr22 Mar 22
BoughtLARSEN & TOUBRO LIMITED · Promoters2.72 cr · ₹221.4 cr22 Mar 22
BoughtLARSEN & TOUBRO LIMITED · Promoters15.52 L · ₹11.2 cr21 Mar 22
Bulk / block deals
short · NSE1977 Sep 26
short · NSE99,0001 Sep 26
short · NSE9,57226 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 3 Jun 2025
See the official result
1
Adoption of financial statements for the year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
39.65 cr votes for, 11.70 L against · 0% of mutual funds and other big investors said no
2
Declaration of dividend on Equity Shares.
Backed by 100% of shareholders other than promotersneeded 50%
43.38 cr votes for, 2,498 against · 0% of mutual funds and other big investors said no
3
Appointment of a director in place of Mr. Sudipta Roy (DIN: 08069653), who retires by rotation, and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
43.34 cr votes for, 3.70 L against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. Dhananjaya Tambe (DIN: 07260971) as an Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
43.38 cr votes for, 33,624 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 112 named members
owning 66.0% between them · as of 2026-06-30
Larsen & Toubro Limited65.96%
BANGALORE GALAXY TECHPARK PRIVATE LIMITEDno shares
BHILAI POWER SUPPLY COMPANY LIMITEDno shares
BUSINESS PARK (POWAI) PRIVATE LIMITEDno shares
CHENNAI NOVA TECHPARK PRIVATE LIMITEDno shares
CHENNAI VISION DEVELOPERS PRIVATE LIMITEDno shares
Corporate PARK (POWAI) PRIVATE LIMITEDno shares
E2E Networks Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.