L&T Finance Ltd (IN:LTF)
:LTF
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L&T Finance Ltd
(LTF)
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Rating:61Neutral
Price Target:
₹306.00
▲(6.49% Upside)
Action:ReiteratedDate: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
Diversified origination & distribution
A multi-channel distribution model (branches, partners, digital) is a durable competitive strength for an NBFC. It spreads customer acquisition risk, supports diversified loan flow across segments, and enables scalable growth and better customer segmentation over cycles.
Negative Factors
High leverage
A persistently high debt-to-equity ratio materially increases funding and interest-rate sensitivity for an NBFC. Elevated leverage reduces buffer against asset-quality deterioration, constrains flexibility for opportunistic investments, and raises refinancing and liquidity risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified origination & distribution
A multi-channel distribution model (branches, partners, digital) is a durable competitive strength for an NBFC. It spreads customer acquisition risk, supports diversified loan flow across segments, and enables scalable growth and better customer segmentation over cycles.
Read all positive factors
L&T Finance Ltd (LTF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹700.31B
Dividend Yield0.91%
Average Volume (3M)257.63K
Price to Earnings (P/E)18.6
Beta (1Y)1.77
Revenue Growth10.78%
EPS Growth12.41%
CountryIN
Employees30,534
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)10.81
Shares Outstanding2,504,699,000
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
₹280.00Price Target Upside-2.56% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)15.06
Revenue Forecast (FY)₹135.49B
L&T Finance Ltd Business Overview & Revenue Model
Company Description
L&T Finance Limited, a non-banking financial company, engages in the provision of various financial products and services in India. It operates through Retail Finance, Wholesale Finance, Defocused Business, and Others segments. The Retail Finance ...
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 164.79B | 173.55B | 156.66B | 132.36B | 123.19B | 113.44B |
| Gross Profit | 99.89B | 102.16B | 96.69B | 78.59B | 65.21B | 55.90B |
| EBITDA | 42.36B | 42.08B | 36.30B | 31.44B | -4.45B | 13.25B |
| Net Income | 26.99B | 29.81B | 26.44B | 23.20B | 16.23B | 10.70B |
Balance Sheet | ||||||
| Total Assets | 1.27T | 1.42T | 1.20T | 1.03T | 1.06T | 1.07T |
| Cash, Cash Equivalents and Short-Term Investments | 80.81B | 79.59B | 108.33B | 36.48B | 89.04B | 60.88B |
| Total Debt | 979.70B | 1.10T | 923.72B | 766.03B | 831.05B | 848.51B |
| Total Liabilities | 1.01T | 1.14T | 947.78B | 791.90B | 847.44B | 867.75B |
| Stockholders Equity | 263.58B | 279.84B | 255.64B | 234.38B | 215.28B | 199.48B |
Cash Flow | ||||||
| Free Cash Flow | -42.20B | 107.26B | -167.82B | 5.67B | 65.90B | 60.01B |
| Operating Cash Flow | -41.41B | 109.66B | -165.86B | 6.86B | 67.18B | 60.75B |
| Investing Cash Flow | -2.51B | -248.06B | 4.71B | 8.49B | -3.35B | -50.84B |
| Financing Cash Flow | 36.07B | 154.33B | 154.19B | -70.37B | -16.64B | -30.23B |
L&T Finance Ltd Technical Analysis
Positive
287.35
Price Trends
275.50
Positive
288.34
Negative
261.78
Positive
Market Momentum
2.22
Negative
60.30
Neutral
93.34
Negative
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 above the 20-day moving average (MA) of 262.40, above the 50-day MA of 275.50, and above the 200-day MA of 261.78, indicating a bullish trend. The MACD of 2.22 indicates Negative momentum. The RSI at 60.30 is Neutral, neither overbought nor oversold. The STOCH value of 93.34 is Negative, 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ₹504.59B | 26.89 | ― | 0.71% | 13.88% | 29.05% | |
61 Neutral | ₹700.31B | 18.65 | ― | 0.91% | 10.78% | 12.41% | |
61 Neutral | ₹2.21T | 16.37 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹5.83T | 26.19 | ― | 0.56% | 18.36% | 13.78% | |
60 Neutral | ₹1.33T | 21.86 | ― | 0.12% | 20.59% | 22.13% | |
53 Neutral | ₹432.12B | 8.44 | ― | 2.83% | 13.79% | 16.72% |
* Financial Sector Average
IN:LTF
L&T Finance Ltd
285.50
120.99
73.55%
IN:BAJFINANCE
Bajaj Finance Limited
950.20
62.43
7.03%
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,638.30
87.46
5.64%
IN:M&MFIN
Mahindra & Mahindra Financial Services Ltd.
303.95
52.84
21.04%
IN:SHRIRAMFIN
Shriram Finance Limited
960.00
337.50
54.22%
IN:SUNDARMFIN
Sundaram Finance Limited
4,560.95
-505.54
-9.98%
L&T Finance Ltd Corporate Events
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...
L&T Finance Allots 7.98 Lakh Shares on ESOP Exercise
Mar 4, 2026
LT Finance Limited has allotted 798,240 equity shares following the exercise of employee stock options under its 2013 ESOP scheme. The newly issued shares will rank pari passu with existing equity shares and be entitled to future dividends, modest...
L&T Finance Allots 6.1 Lakh Shares Under ESOP Scheme
Feb 1, 2026
LT Finance Limited has allotted 610,900 equity shares following the exercise of employee stock options under its LTFL Employee Stock Option Scheme – 2013. The newly issued shares will rank pari passu with existing equity shares in all respec...
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.