āagman

Not investment advice. Data and computed figures, for information only.

L&T Finance Ltd

NSE: LTFF&O
₹262.00
+₹3.20 (+1.24%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹65,467 Cr
CMP
₹262.00
52-wk High / Low
₹339 / 235
P/E
20.4
P/B
2.3
Book Value
₹112.0
Div Yield
1.05%
ROCE
8.4%
ROE
11.0%
Face Value
₹10
D/E
3.94

Price+2.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹173
√(22.5 × EPS × book value per share)
Cash flow to profit
−4.76
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
8.6%
ROE × earnings retention ratio
ROE stability
2.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.06FII −0.26DII +0.89
Latest quarter vs the previous one
Cash-accrual divergence
13.1%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 8.4% trails the sector median of 9.4%
−Borrowings are up 108.8% since FY2016 (52829 to 110298)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 0.2pp over the last year
−Piotroski F-Score of 1/9 is in the weak band (≤3)
−Balance-sheet accruals of 13.1% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2233,2143,5343,6703,7844,0194,0984,0234,2604,3364,5784,7715,213
Expenses1,2701,3311,3751,6191,4821,5751,6761,5811,6401,6621,8001,8901,974
Operating Profit—————————————
OPM %—————————————
Other Income153268476058400−25030
Interest1,3641,3251,3531,3351,3511,4761,5691,6001,6361,6341,7031,7471,970
Depreciation30282928283336414151586063
Profit before tax7147978246949229408248069439899921,0741,236
Net Profit531594639553685697626636701735738809916
EPS (₹)2.142.402.572.232.752.792.512.552.812.942.953.223.60

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,4567,4408,53210,21513,36514,10413,35311,93012,77514,25215,92417,91418,898
Expenses1,6251,9792,7763,3083,3774,1605,4015,2337,9356,1956,3046,9467,326
Operating Profit—————————————
OPM %—————————————
Other Income1682649−43708365942,79247416−265
Interest3,5774,1334,6355,4586,8827,5527,2305,7655,8125,3876,0076,7347,054
Depreciation96836752508286103111115139210232
Profit before tax1,1751,2531,0791,4463,0522,6801,4721,4231,7093,0293,4913,9984,291
Net Profit8558571,0481,2782,2321,7009491,0491,5362,3172,6432,9833,198
EPS (₹)4.043.974.835.119.066.903.934.336.559.3210.6011.9012.71

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1,7201,7531,7561,9961,9992,0052,4692,4742,4802,4892,4952,504—
Reserves4,6565,4426,1389,41111,45012,68816,30417,47419,04920,95023,06925,479—
Other Liabilities2,9123,7753,5931,1171,0949021,5821,6961,7062,6522,4473,903—
Total Liabilities52,74263,79972,51187,7721,06,0501,09,5291,08,9471,06,8801,06,3391,02,6941,20,3841,42,184—
Fixed Assets1,1841,3131,2301,1511,1271,1001,1385095535196411,308—
CWIP174222819396224225364562—
Investments2,6493,5636,0125,3018,6415,9798,87211,91714,36612,38511,87610,564—
Other Assets48,73658,90165,24281,30196,2431,02,38798,91294,43391,41589,7541,07,8221,30,250—
Total Assets52,74263,79972,51187,7721,06,0501,09,5291,08,9471,06,8801,06,3391,02,6941,20,3841,42,184—
Borrowing43,45452,82961,02475,24891,50793,93488,59285,23783,10576,60392,3721,10,298—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−6,474−9,213−5,779−15,640−11,6432,1625,4646,0787,490686−16,587−14,189
Cash from Investing Activity2−675−2,1181,549−3,587160−2,025−5,087−1,634849472367
Cash from Financing Activity6,5529,4267,95214,67816,0081,451−2,091−3,023−1,664−7,05015,41915,415
Net Cash Flow81−461555877773,7721,349−2,0324,193−5,515−6971,593

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %———————————8.4
ROE %13.013.014.013.018.012.04.04.00.010.011.011.0
EPS (₹)4.043.974.835.119.066.903.934.336.559.3210.6011.90
Book Value (₹)———————————112.0
Face Value (₹)———————————10
P/E———————————20.4
Div Yield %———————————1.05
NPM %13.211.512.212.516.711.76.78.49.915.716.616.7
OPM %————————————
D/E6.827.347.736.606.806.394.724.273.863.273.613.94
P/B———————————2.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+6.0%
3 years+12.0%
TTM+15.0%
Compounded profit growth
10 years+13.0%
5 years+32.0%
3 years+256.0%
TTM+20.0%
Stock price CAGR
10 years+12.0%
5 years+24.0%
3 years+25.0%
Last year+2.0%
Return on equity
10 years9.0%
5 years8.0%
3 years11.0%
Last year11.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.62%66.62%66.62%64.01%63.91%63.72%63.62%66.26%66.11%65.86%66.24%65.99%65.93%
FIIs11.32%11.32%11.32%9.20%11.39%10.60%10.60%6.91%11.35%11.04%5.48%7.64%7.38%
DIIs3.68%3.68%3.68%5.79%2.96%5.22%5.88%4.57%6.58%8.69%13.28%14.91%15.80%
Government—————————————
Public18.38%18.38%18.38%21.00%21.73%20.46%19.91%22.26%15.96%14.39%15.01%11.48%10.90%
No. of shareholders3,77,2023,77,2023,77,2024,35,1804,82,1195,39,1766,34,6147,86,1137,08,2377,11,5558,46,6827,48,8657,38,634
Change since Jun 2023 (pp)
Promoters −0.69FIIs −3.94DIIs +12.12Public −7.48

Documents

As of 11 Oct 2026
Announcements
Postal Ballot - OutcomeShareholder Meeting / Postal Ballot-Scrutinizer"s ReportAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCompany''''s Business UpdateAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 22 May 2026
22 May 2026DIVIDENDDividend - Rs 2.75 Per Share—
27 May 2025DIVIDENDDividend - Rs 2.75 Per Share—
18 Jun 2024DIVIDENDDividend - Rs 2.50 Per Share—
21 Jul 2023DIVIDENDDividend - Rs 2 Per Share—
1 Jul 2022DIVIDENDDividend - Rs 0.50 Per Share—
21 Jan 2021RIGHTS Rights 17:74@ Premium Rs 55 Per Share—
26 Mar 2020DIVIDEND Interim Dividend - Rs 0.90 Per Share—
19 Jul 2019DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
20 Aug 2018DIVIDEND Annual General Meeting/Dividend- Re 1 Per Share—
18 Aug 2017DIVIDEND Annual General Meeting/Dividend - Re 0.80 Per Share—
12 Aug 2016DIVIDEND Annual General Meeting/ Dividend - Re 0.80/- Per Share—
1 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Re 0.80/- Per Share—
18 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.75/- Per Share—
26 Jul 2013DIVIDENDAnnual Generalmeeting / Dividend Rs.0.75 Per Equity Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman