LTF

L&T Finance Limited

L&T group's retail NBFC — rural, farm, consumer, SME and gold loans

Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)

ltfinance.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹253.00
Market cap
63,411 Cr
Stock P/E
18.5
P/B
2.17
Dividend yield
1.1%
ROE (FY26)
10.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

L&T Finance lends to farmers, rural households, small businesses and urban consumers across India, financing tractors, two-wheelers, homes, gold, personal needs and micro-loans against property.

Company snapshot

6thBy market cap

Ranked among 58 companies in Non Banking Financial Company (NBFC).

Segment mix

Reportable segments as of 2023-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 84.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Defocused business
0.6%
35 Cr-65 Cr—
Less: Inter segment—0 Cr0 Cr—
Others
1.9%
122 Cr112 Cr—
Retail business
84.3%
5,425 Cr1,530 Cr—
Wholesale business
15.1%
973 Cr-67 Cr—

Shares add up to 102% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 16.7% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Net Interest Income1,953 Cr1,988 Cr2,101 Cr2,178 Cr2,237 Cr2,150 Cr2,279 Cr2,403 Cr2,537 Cr2,677 Cr2,925 Cr3,187 Cr
Other income47 Cr6 Cr0 Cr5 Cr8 Cr4 Cr0.03 Cr0.04 Cr3 Cr0.07 Cr0 Cr0 Cr
Net operating income2,000 Cr1,993 Cr2,101 Cr2,183 Cr2,245 Cr2,154 Cr2,279 Cr2,403 Cr2,540 Cr2,677 Cr2,925 Cr3,187 Cr
Employee cost451 Cr501 Cr519 Cr549 Cr579 Cr569 Cr552 Cr593 Cr650 Cr660 Cr698 Cr737 Cr
Other expenses410 Cr452 Cr418 Cr376 Cr442 Cr393 Cr456 Cr424 Cr399 Cr481 Cr506 Cr559 Cr
Provisions & contingencies————————————
Depreciation29 Cr28 Cr28 Cr33 Cr36 Cr41 Cr41 Cr51 Cr58 Cr60 Cr63 Cr72 Cr
Profit before tax824 Cr694 Cr922 Cr940 Cr824 Cr806 Cr943 Cr989 Cr992 Cr1,074 Cr1,236 Cr1,319 Cr
Tax %22.4%20.3%25.7%25.9%24.1%21.1%25.7%25.7%25.6%24.7%25.9%26.2%
Net profit639 Cr553 Cr685 Cr697 Cr626 Cr636 Cr701 Cr735 Cr738 Cr809 Cr916 Cr973 Cr
EPS (₹)₹2.57₹2.23₹2.75₹2.79₹2.51₹2.55₹2.81₹2.94₹2.95₹3.22₹3.60₹3.89

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income——4,778 Cr5,731 Cr5,905 Cr5,950 Cr6,768 Cr7,537 Cr8,667 Cr9,896 CrSign in free for the trailing twelve months
Other income232 Cr479 Cr312 Cr373 Cr402 Cr394 Cr527 Cr475 Cr17 Cr3 CrSign in free for the trailing twelve months
Net operating income232 Cr479 Cr5,090 Cr6,104 Cr6,307 Cr6,344 Cr7,295 Cr8,011 Cr8,683 Cr9,899 CrSign in free for the trailing twelve months
Employee cost494 Cr503 Cr825 Cr1,062 Cr1,007 Cr1,095 Cr1,406 Cr1,806 Cr2,217 Cr2,455 CrSign in free for the trailing twelve months
Other expenses716 Cr982 Cr721 Cr817 Cr879 Cr1,065 Cr1,316 Cr1,587 Cr1,629 Cr1,760 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation67 Cr52 Cr50 Cr82 Cr87 Cr103 Cr111 Cr115 Cr139 Cr210 CrSign in free for the trailing twelve months
Profit before tax1,079 Cr1,740 Cr3,052 Cr2,680 Cr1,495 Cr1,475 Cr2,183 Cr3,029 Cr3,491 Cr3,998 CrSign in free for the trailing twelve months
Tax %3.4%15.8%26.9%36.6%36.5%28.9%29.6%23.5%24.3%25.4%Sign in free for the trailing twelve months
Net profit1,048 Cr1,465 Cr2,232 Cr1,700 Cr949 Cr1,049 Cr1,536 Cr2,317 Cr2,643 Cr2,983 CrSign in free for the trailing twelve months
EPS (₹)₹5.21₹7.49₹11.15₹8.50₹4.49₹4.33₹6.56₹9.34₹10.61₹11.92Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%8.1%21.4%23.5%23.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital2,969 Cr3,030 Cr1,999 Cr2,005 Cr2,469 Cr2,474 Cr2,480 Cr2,489 Cr2,495 Cr2,504 Cr
Reserves6,138 Cr10,554 Cr11,450 Cr12,688 Cr16,304 Cr17,474 Cr19,049 Cr20,950 Cr23,069 Cr25,479 Cr
Borrowings54,994 Cr61,846 Cr91,507 Cr93,894 Cr88,556 Cr85,201 Cr83,043 Cr76,541 Cr92,247 Cr1,09,888 Cr
Other liabilities8,293 Cr13,677 Cr877 Cr722 Cr1,446 Cr1,573 Cr1,701 Cr2,649 Cr2,531 Cr4,284 Cr
Total liabilities72,514 Cr89,231 Cr1,06,055 Cr1,09,529 Cr1,08,972 Cr1,06,902 Cr1,06,362 Cr1,02,718 Cr1,20,409 Cr1,42,205 Cr
Fixed assets (net)580 Cr467 Cr68 Cr48 Cr31 Cr24 Cr57 Cr355 Cr397 Cr462 Cr
CWIP26 Cr39 Cr0 Cr0 Cr0 Cr0 Cr5 Cr0 Cr0 Cr62 Cr
Investments6,012 Cr4,843 Cr9,008 Cr6,290 Cr9,199 Cr12,241 Cr14,678 Cr12,385 Cr11,876 Cr10,564 Cr
Loans & advances——91,325 Cr91,463 Cr87,030 Cr82,469 Cr75,155 Cr81,359 Cr93,773 Cr1,17,821 Cr
Trade receivables79 Cr127 Cr106 Cr65 Cr47 Cr16 Cr6 Cr247 Cr117 Cr102 Cr
Cash & bank594 Cr1,063 Cr1,827 Cr5,599 Cr6,948 Cr4,916 Cr9,109 Cr3,593 Cr2,896 Cr4,489 Cr
Other assets65,222 Cr82,692 Cr3,721 Cr6,065 Cr5,716 Cr7,236 Cr7,353 Cr4,778 Cr11,350 Cr8,705 Cr
Total assets72,514 Cr89,231 Cr1,06,055 Cr1,09,529 Cr1,08,972 Cr1,06,902 Cr1,06,362 Cr1,02,718 Cr1,20,409 Cr1,42,205 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-5,779 Cr-15,591 Cr-11,643 Cr2,162 Cr5,464 Cr6,078 Cr7,490 Cr673 Cr-16,586 Cr-14,189 Cr
Cash from investing-2,118 Cr1,549 Cr-3,587 Cr160 Cr-2,024 Cr-5,084 Cr-1,107 Cr849 Cr471 Cr367 Cr
Cash from financing7,952 Cr14,637 Cr16,008 Cr1,451 Cr-2,091 Cr-3,026 Cr-2,191 Cr-7,037 Cr15,419 Cr15,415 Cr
Net cash flow55 Cr595 Cr777 Cr3,772 Cr1,349 Cr-2,032 Cr4,193 Cr-5,515 Cr-697 Cr1,593 Cr
Free cash flow (OCF − Capex)-5,813 Cr-15,674 Cr-11,735 Cr2,082 Cr5,412 Cr6,001 Cr7,363 Cr555 Cr-16,782 Cr-14,429 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %11.3%10.6%16.3%11.4%5.3%5.3%7.5%9.9%10.3%10.7%
Debt / equity6.044.556.806.394.724.273.863.273.613.93