Time period given by analyst is one year when L&T Finance Holdings Ltd. price can reach defined target.
L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 20950.53 Crore) operating in NBFC sector.
L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend, Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3134.46 Crore, down -2.09 % from last quarter Total Income of Rs 3201.49 Crore and down -10.67 % from last year same quarter Total Income of Rs 3508.91 Crore. Company reported net profit after tax of Rs 222.99 Crore in latest quarter.
Investment Rationale
The brokerage assumes coverage of LTFH with a Buy rating. Its Sep’22 TP of Rs100 is based on the SOTP approach, valuing the lending business at 1.0x Sep’23E BVPS and the AMC at 23x Sep’23E PE. Key downside risk: large ticket exposures slipping to NPA within housing and wholesale book.
Promoter/FII Holdings
Promoters held 63.59 per cent stake in the company as of 30-Jun-2021, while FIIs owned 8.79 per cent, DIIs 6.57 per cent.
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