L&T Finance Limited
₹244.50-₹6.55 (-2.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹72,200 Cr
- P/E
- 27.0x
- EV / EBITDA
- 15.4x
- Revenue
- ₹15,912 Cr
- Net margin
- 16.8%
- ROCE
- 8.0%
Price chart
Technical chartScreen technicals →-8.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -7.7%
- 3M
- -20.2%
- 6M
- -12.6%
- 1Y
- -8.8%
- 5Y
- +186.6%
52-week range
Day change -₹6.55 (-2.6%) from ₹251 to ₹245 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in LTF, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 93.4%
Concerns1
- Negative free cash flow (₹16109 Cr)
Rule-based from financial data. Not advice.
About the company
L&T Finance Limited, a non-banking financial company, provides various financial products and services in India.
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L&T Finance Limited, a non-banking financial company, provides various financial products and services in India. It offers housing loans; personal loans for medical emergency, home renovation, wedding, vacation, education, and debt consolidation; two-wheeler loans; business loans, such as SME, doctor, chartered accountant, and professional loans, as well as supply chain financing solutions; rural loans comprising vikaas loans, vishwas loans, pragati loans, and micro loans against property; farmer loans, including new tractor loans, agri-implement loans, kisan suvidha top up, kisan suvidha top up plus, refinance loan, and warehouse receipt finance services; and loans against property. The company was formerly known as L&T Finance Holdings Limited and changed its name to L&T Finance Limited in March 2024. L&T Finance Limited was incorporated in 1994 and is headquartered in Mumbai, India. L&T Finance Limited operates as a subsidiary of Larsen & Toubro Limited.
- Sector
- Financial Services
- Shares outstanding
- 250 Cr shares
- ISIN
- INE498L01015
- BSE code
- 533519
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹72,200 Cr
- P/E
- 27.0x
- P/B
- 2.8x
- EV / EBITDA
- 15.4x
- EV / Sales
- 9.6x
- P/S
- 5.3x
- Earnings yield
- 3.7%
- 52-week high
- ₹335.70
- 52-week low
- ₹236.85
Profitability
- Operating margin
- 59.0%
- Net margin
- 16.8%
- EBITDA margin
- 62.5%
- ROE
- 10.3%
- ROCE
- 8.0%
- ROA
- 2.2%
- Dividend payout
- 27.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 15.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹15,912 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 93.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,482 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 53.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹650 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -89.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹668 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.5%
Solvency and efficiency
- Current ratio
- 40.01
- Debt / Assets
- 0.75
- Debt / EBITDA
- 9.03
- Financial leverage
- 4.41
- CFO / Net profit
- 0.28
- Cash / Market cap
- 124.3%
- Cash per share
- ₹359.18
- Asset turnover
- 0.13
- Fixed asset turnover
- 65.26
- Capital intensity
- 0.02
- Debtor days
- 7 days
- Cash conversion cycle
- 7 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹16 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹6,335 Cr |
| Sales | Operating profit | ₹9,577 Cr |
| Operating profit | Interest | ₹6,007 Cr |
| Operating profit | Depreciation | ₹133 Cr |
| Operating profit | Profit before tax | ₹3,437 Cr |
| Other income | Profit before tax | ₹18 Cr |
| Profit before tax | Tax and other | ₹837 Cr |
| Profit before tax | Net profit | ₹2,618 Cr |
Revenue and net profit
Revenue grew 17.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹191 Cr | ₹116 Cr |
| FY2022 | ₹350 Cr | ₹218 Cr |
| FY2023 | ₹12,898 Cr | ₹1,920 Cr |
| FY2024 | ₹13,574 Cr | ₹2,286 Cr |
| FY2025 | ₹15,912 Cr | ₹2,618 Cr |
Cash flows
FY2025: -₹16,608 Cr from operations, -₹16,109 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹170 Cr | ₹102 Cr |
| FY2022 | ₹408 Cr | ₹407 Cr |
| FY2023 | ₹6,360 Cr | ₹5,855 Cr |
| FY2024 | ₹650 Cr | ₹1,509 Cr |
| FY2025 | -₹16,608 Cr | -₹16,109 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹15,912 Cr+17.2%1Y
- Net profit
- ₹2,618 Cr+14.5%1Y
- Cash from operations
- -₹16,608 Cr
- Free cash flow
- -₹16,109 Cr-1,167.5%1Y
- Revenue CAGR, 5Y
- 93.4%
- EBITDA CAGR, 5Y
- 77.2%
- Net profit CAGR, 5Y
- 53.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹15,912 Cr | ₹9,577 Cr | — | ₹2,618 Cr | -₹16,608 Cr | -₹16,109 Cr | 10.3% | +17.2% | +14.5% |
Monthly returns
Month-by-month returns of LTF across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1.2 L Cr |
| Equity capital | ₹2,495 Cr |
| Reserves | ₹22,800 Cr |
| Borrowings | ₹92,372 Cr |
| Other liabilities | ₹2,366 Cr |
| Assets | ₹1.2 L Cr |
| Fixed assets | ₹333 Cr |
| Capital work in progress | ₹45 Cr |
| Investments | ₹11,836 Cr |
| Other assets | ₹1.1 L Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
LTF trades at 27.0x earnings against a peer median of 26.9x.
Not shown (no positive earnings and no EV / Sales): IndusInd Bank Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| L&T Finance LimitedLTFthis company | ₹72,200 Cr | 27.0x | 2.8x | 10.3% | 15.4x |
| Bajaj Housing Finance LimitedBAJAJHFL | ₹78,507 Cr | 33.2x | 3.7x | — | — |
| AU Small Finance Bank LimitedAUBANK | ₹72,691 Cr | 33.4x | 4.0x | 12.3% | — |
| Yes Bank Ltd.YESBANK | ₹71,482 Cr | 25.5x | 1.5x | 5.0% | — |
| IDFC FIRST BANK LIMITEDIDFCFIRSTB | ₹71,318 Cr | 48.9x | 1.3x | 4.0% | — |
| IndusInd Bank Ltd.INDUSINDBK | ₹70,915 Cr | — | 1.1x | 4.1% | — |
| Indian Overseas BankIOB | ₹68,014 Cr | 16.0x | 2.0x | 10.2% | — |
| Bank of IndiaBANKINDIA | ₹67,198 Cr | 6.8x | 0.8x | 11.7% | — |
| General Insurance Corporation of IndiaGICRE | ₹64,377 Cr | 7.6x | 1.0x | 11.6% | 7.0x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
LTF since 1 January, against earlier years.
Historical volatility
LTF's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 82.0% |
| FY2022 | 94.0% |
| FY2023 | 60.0% |
| FY2024 | 59.0% |
| FY2025 | 60.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹15,912 Cr |
| Costs | |
| Interest | ₹6,007 Cr |
| Expenses | ₹6,335 Cr |
| Operating profitOperating Profit | ₹9,577 Cr |
| Other income and charges | |
| Profit before tax | ₹3,455 Cr |
| Tax | |
| Net profitNet Profit | ₹2,618 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1.2 L Cr |
| Equity capitalEquity Capital | ₹2,495 Cr |
| Reserves | ₹22,800 Cr |
| Borrowings | ₹92,372 Cr |
| Other liabilitiesOther Liabilities | ₹2,366 Cr |
| AssetsTotal Assets | ₹1.2 L Cr |
| Fixed assetsFixed Assets | ₹333 Cr |
| Capital work in progressCWIP | ₹45 Cr |
| Investments | ₹11,836 Cr |
| Other assetsOther Assets | ₹1.1 L Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹16,608 Cr |
| Investing cash flowCash from Investing Activity | ₹499 Cr |
| Financing cash flowCash from Financing Activity | ₹15,441 Cr |
| Change in cashNet Cash Flow | -₹668 Cr |
Learn while you research
Academy chapters picked for L&T Finance Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read