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L&T Finance Ltd
(LTF)
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Rating:61Neutral
Price Target:
₹339.00
▲(17.97% Upside)
Action:Reiterated
Date:04/27/26
The score is driven primarily by improving fundamentals, tempered by high leverage and cash-flow volatility. Technicals add support via positive momentum and trend, while valuation is a headwind given the higher P/E and low dividend yield.
Positive Factors
Revenue trend & profitability improvement
Steady revenue growth combined with materially improved profitability versus 2023 indicates durable demand and better underwriting and cost control. Over the next several quarters this strengthens core earnings, supports internal capital generation for lending growth and reduces reliance on short-term funding.
Negative Factors
High leverage
Substantial leverage materially limits financial flexibility and increases refinancing and interest‑rate sensitivity. With debt/equity elevated, funding cost rises or market dislocations would quickly pressure net interest margins and capital allocation, constraining strategic options across quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue trend & profitability improvement
Steady revenue growth combined with materially improved profitability versus 2023 indicates durable demand and better underwriting and cost control. Over the next several quarters this strengthens core earnings, supports internal capital generation for lending growth and reduces reliance on short-term funding.
Read all positive factors
L&T Finance Ltd (LTF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹804.94B
Dividend Yield0.91%
Average Volume (3M)257.63K
Price to Earnings (P/E)25.3
Beta (1Y)1.82
Revenue Growth12.56%
EPS Growth19.25%
CountryIN
Employees41,301
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)11.92
Shares Outstanding2,505,660,200
10 Day Avg. Volume316,895
30 Day Avg. Volume257,629
Financial Highlights & Ratios
PEG Ratio1.63
Price to Book (P/B)2.15
Price to Sales (P/S)3.46
P/FCF Ratio5.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹320.00Price Target Upside11.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)15.19
Revenue Forecast (FY)₹136.13B
L&T Finance Ltd Business Overview & Revenue Model
Company 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 Fin...
How the Company Makes Money
LTF primarily makes money by earning financial spread income on its lending business: it raises funds (e.g., via bank borrowings, debt capital markets instruments, securitisation/assignment, and other funding lines) and lends those funds to custom...
L&T Finance Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
48
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 173.55B | 156.66B | 132.36B | 123.19B | 113.44B |
| Gross Profit | 102.16B | 96.69B | 78.59B | 65.21B | 55.90B |
| EBITDA | 42.08B | 36.30B | 31.44B | -4.45B | 13.25B |
| Net Income | 29.81B | 26.44B | 23.20B | 16.23B | 10.70B |
Balance Sheet | |||||
| Total Assets | 1.42T | 1.20T | 1.03T | 1.06T | 1.07T |
| Cash, Cash Equivalents and Short-Term Investments | 79.59B | 108.33B | 36.48B | 89.04B | 60.88B |
| Total Debt | 1.10T | 923.72B | 766.03B | 831.05B | 848.51B |
| Total Liabilities | 1.14T | 947.78B | 791.90B | 847.44B | 867.75B |
| Stockholders Equity | 279.84B | 255.64B | 234.38B | 215.28B | 199.48B |
Cash Flow | |||||
| Free Cash Flow | 107.26B | -167.82B | 5.67B | 65.90B | 60.01B |
| Operating Cash Flow | 109.66B | -165.86B | 6.86B | 67.18B | 60.75B |
| Investing Cash Flow | -248.06B | 4.71B | 8.49B | -3.35B | -50.84B |
| Financing Cash Flow | 154.33B | 154.19B | -70.37B | -16.64B | -30.23B |
L&T Finance Ltd Technical Analysis
Positive
287.35
Price Trends
288.13
Positive
280.65
Positive
281.53
Positive
Market Momentum
12.19
Negative
62.63
Neutral
51.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LTF, the sentiment is Positive. The current price of 287.35 is below the 20-day moving average (MA) of 304.66, below the 50-day MA of 288.13, and above the 200-day MA of 281.53, indicating a bullish trend. The MACD of 12.19 indicates Negative momentum. The RSI at 62.63 is Neutral, neither overbought nor oversold. The STOCH value of 51.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LTF.
L&T Finance Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹804.94B | 25.28 | ― | 0.91% | 12.56% | 19.25% | |
61 Neutral | ₹473.52B | 16.36 | ― | 2.83% | 13.79% | 16.72% | |
61 Neutral | ₹2.46T | 19.59 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹6.35T | 33.35 | ― | 0.56% | 18.36% | 13.78% | |
60 Neutral | ₹1.54T | 29.19 | ― | 0.12% | 20.59% | 22.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹508.10B | 20.24 | ― | 0.71% | 15.34% | 9.54% |
* General Sector Average
IN:LTF
L&T Finance Ltd
321.25
117.79
57.90%
IN:BAJFINANCE
Bajaj Finance Limited
1,020.45
107.11
11.73%
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,808.55
282.28
18.49%
IN:M&MFIN
Mahindra & Mahindra Financial Services Ltd.
340.85
79.15
30.24%
IN:SHRIRAMFIN
Shriram Finance Limited
1,044.40
382.50
57.79%
IN:SUNDARMFIN
Sundaram Finance Limited
4,573.20
-426.56
-8.53%
L&T Finance Ltd Corporate Events
L&T Finance files Q1FY27 investor presentation with stock exchanges
Jul 10, 2026
LT Finance Limited has submitted its latest investor and analyst presentation for Q1FY27 to the National Stock Exchange of India and BSE in compliance with SEBI’s Listing Regulations. The company has also made the presentation available on i...
L&T Finance Schedules Virtual Meets with Global Institutional Investors
Jun 3, 2026
LT Finance Limited has announced its participation in upcoming institutional investor and analyst interactions, underscoring its ongoing engagement with the global investment community. The company will attend the Nuvama India Conference 2026 (UK ...
L&T Finance to Redeem ₹15 Crore Perpetual Tier-II Debentures via Call Option
Apr 29, 2026
LT Finance Limited has announced that it will exercise the call option on subordinated perpetual Upper Tier-II non-convertible debentures originally issued in 2016 by LT Housing Finance, now merged into the company. With Reserve Bank of India appr...
L&T Finance Posts Q4 and FY2025-26 Investor Meet Audio Online
Apr 27, 2026
LT Finance Limited has notified the stock exchanges that it has uploaded the audio recording of its investor and analyst meet on its website. The recording covers the company’s financial performance for the fourth quarter and full year FY202...
L&T Finance Files Q4 and FY26 Investor Presentation With Exchanges
Apr 24, 2026
LT Finance Limited has submitted an investor and analyst presentation for the quarter and full year ended FY26 to the National Stock Exchange of India and BSE. The company has also made the presentation available on its investor relations website,...
L&T Finance Schedules Investor Call on FY2026 Results and Strategy
Apr 16, 2026
LT Finance Limited has announced that it will host an investor and analyst conference call on April 27, 2026, to discuss its financial performance for the fourth quarter of FY2025-26 and the full year FY2026, as well as to provide a strategic upda...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.