L&T Finance Future Growth

Future criteria checks 5/6

L&T Finance is forecast to grow earnings and revenue by 20.5% and 21.8% per annum respectively. EPS is expected to grow by 20.6% per annum. Return on equity is forecast to be 14.4% in 3 years.

Key information

20.5%

Earnings growth rate

20.6%

EPS growth rate

Diversified Financial earnings growth	16.6%
Revenue growth rate	21.8%
Future return on equity	14.4%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

L&T Finance Holdings Limited Just Beat Revenue By 6.7%: Here's What Analysts Think Will Happen Next

Oct 24

Recent updates

L&T Finance Holdings Limited's (NSE:L&TFH) CEO Might Not Expect Shareholders To Be So Generous This Year

Jul 21

Trade Alert: The CEO, MD & Whole-Time Director Of L&T Finance Holdings Limited (NSE:L&TFH), Dinanath Dubhashi, Has Sold Some Shares Recently

Jan 23

How Much Of L&T Finance Holdings Limited (NSE:L&TFH) Do Institutions Own?

Jan 22

L&T Finance Holdings' (NSE:L&TFH) Stock Price Has Reduced 46% In The Past Three Years

Dec 31

How Much Is L&T Finance Holdings Limited (NSE:L&TFH) CEO Getting Paid?

Dec 06

L&T Finance Holdings Limited Just Beat Revenue By 6.7%: Here's What Analysts Think Will Happen Next

Oct 24

Are Institutions Heavily Invested In L&T Finance Holdings Limited's (NSE:L&TFH) Shares?

Oct 23

A Look At L&T Finance Holdings' (NSE:L&TFH) Share Price Returns

Oct 02

Investors Aren't Entirely Convinced About L&T Finance Holdings Limited's (NSE:L&TFH) Earnings

Sep 11

Earnings and Revenue Growth Forecasts

NSEI:LTF - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	145,716	43,304	N/A	N/A	5
3/31/2026	124,959	36,667	N/A	N/A	11
3/31/2025	103,155	28,932	N/A	N/A	11
3/31/2024	73,487	23,201	5,547	6,735	N/A
12/31/2023	71,822	22,673	N/A	N/A	N/A
9/30/2023	68,956	-998	115,698	116,839	N/A
6/30/2023	65,598	-3,338	N/A	N/A	N/A
3/31/2023	59,413	-6,421	68,356	69,635	N/A
12/31/2022	49,427	-8,521	N/A	N/A	N/A
9/30/2022	45,683	11,494	-27,698	-26,675	N/A
6/30/2022	45,822	9,619	N/A	N/A	N/A
3/31/2022	44,658	8,701	59,972	60,747	N/A
12/31/2021	71,148	10,002	N/A	N/A	N/A
9/30/2021	72,261	9,594	107,679	108,241	N/A
6/30/2021	71,534	10,005	N/A	N/A	N/A
3/31/2021	37,139	7,603	54,117	54,643	N/A
12/31/2020	66,065	10,902	N/A	N/A	N/A
9/30/2020	65,544	13,906	41,052	41,899	N/A
6/30/2020	67,482	12,997	N/A	N/A	N/A
3/31/2020	69,608	17,002	20,821	21,618	N/A
12/31/2019	69,921	18,616	N/A	N/A	N/A
9/30/2019	67,250	18,505	-66,768	-65,856	N/A
6/30/2019	65,640	22,367	N/A	N/A	N/A
3/31/2019	64,556	22,263	-117,346	-116,434	N/A
12/31/2018	51,173	20,725	N/A	N/A	N/A
9/30/2018	43,330	18,134	N/A	N/A	N/A
6/30/2018	37,929	16,836	N/A	N/A	N/A
3/31/2018	48,114	12,547	-157,230	-156,397	N/A
12/31/2017	27,123	12,415	N/A	N/A	N/A
9/30/2017	25,373	11,283	N/A	N/A	N/A
6/30/2017	24,079	10,210	N/A	N/A	N/A
3/31/2017	24,256	9,144	N/A	-57,794	N/A
12/31/2016	26,911	8,237	N/A	N/A	N/A
9/30/2016	26,871	7,368	N/A	N/A	N/A
6/30/2016	26,853	6,705	N/A	N/A	N/A
3/31/2016	26,428	6,556	N/A	-92,127	N/A
12/31/2015	24,810	7,095	N/A	N/A	N/A
9/30/2015	23,768	6,791	N/A	N/A	N/A
6/30/2015	20,619	7,613	N/A	N/A	N/A
3/31/2015	21,815	7,388	N/A	-66,143	N/A
12/31/2014	21,315	7,597	N/A	N/A	N/A
9/30/2014	19,945	6,878	N/A	N/A	N/A
6/30/2014	18,429	6,619	N/A	N/A	N/A
3/31/2014	17,677	5,209	N/A	-60,830	N/A
12/31/2013	15,711	5,803	N/A	N/A	N/A
9/30/2013	15,225	7,652	N/A	N/A	N/A
6/30/2013	14,954	7,532	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LTF's forecast earnings growth (20.5% per year) is above the savings rate (6.7%).

Earnings vs Market: LTF's earnings (20.5% per year) are forecast to grow faster than the Indian market (17.3% per year).

High Growth Earnings: LTF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LTF's revenue (21.8% per year) is forecast to grow faster than the Indian market (9.9% per year).

High Growth Revenue: LTF's revenue (21.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LTF's Return on Equity is forecast to be low in 3 years time (14.4%).

L&T Finance Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 8.4% to ₹134

Price target increased to ₹107

Consensus EPS estimates fall by 12%

Price target decreased to ₹95.78

Price target raised to ₹92.80

L&T Finance Holdings Limited Just Beat Revenue By 6.7%: Here's What Analysts Think Will Happen Next

Recent updates

L&T Finance Limited Proposes Final Dividend for the Financial Year 2023-24

Full year 2024 earnings: EPS misses analyst expectations

Less than half of directors are independent

Third quarter 2024 earnings: EPS exceeds analyst expectations

L&T Finance Holdings Limited to Report Q3, 2024 Results on Jan 23, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

L&T Finance Holdings Limited Announces Mr. Tushar Patankar Resign as Chief Risk Officer, Effect from November 17, 2023

L&T Finance Holdings Limited to Report Q2, 2024 Results on Oct 20, 2023

Price target increased by 8.4% to ₹134

Upcoming dividend of ₹2.00 per share at 1.5% yield

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

L&T Finance Holdings Limited to Report Q1, 2024 Results on Jul 19, 2023

L&T Finance Holdings Limited Announces Managing Director & Chief Executive Officer Changes

L&T Finance Reportedly May Sell Its Wholesale Book to Banks, NBFCs

L&T Finance Holdings Limited Recommends Final Dividend for the Financial Year 2022-23

L&T Finance Reportedly to Sell Bad Loans Worth INR 30,000 Million

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2023 earnings released: ₹6.97 loss per share (vs ₹1.11 profit in 3Q 2022)

Price target increased to ₹107

Consensus EPS estimates fall by 12%

L&T Finance Holdings Limited to Report Q3, 2023 Results on Jan 13, 2023

Insufficient new directors

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

L&T Finance Holdings Limited to Report Q2, 2023 Results on Oct 20, 2022

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

L&T Finance Holdings Limited Approves Not Re-Appoint Prabhakar B, Director

L&T Finance Holdings Limited to Report Q1, 2023 Results on Jul 19, 2022

Upcoming dividend of ₹0.50 per share

Apollo Global Management Aiming to Take over LT Finance's Realty Loan Book

Full year 2022 earnings: EPS and revenues miss analyst expectations

L&T Finance Holdings Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022, Payable on or Before August 10, 2022

L&T Finance Holdings Limited, Annual General Meeting, Jul 11, 2022

L&T Finance Holdings Limited, Annual General Meeting, Jul 11, 2022

L&T Finance Holdings Limited Recommends Dividend

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

L&T Finance Holdings Limited to Report Fiscal Year 2022 Results on Apr 29, 2022

Investor sentiment improved over the past week

L&T Finance Holdings Limited Announces Appointment of Mr. S. N Subrahmanyan as the Additional Director and Chairperson of the Board

Price target decreased to ₹95.78

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Hsbc Asset Management (India) Private Limited entered into an agreement to acquire L&T Investment Management Limited from L&T Finance Holdings Limited (BSE:533519) for approximately $430 million.

Second quarter 2022 earnings released: EPS ₹0.91 (vs ₹1.32 in 2Q 2021)

Insider recently sold ₹1.0m worth of stock

L&T Finance Holdings Reportedly in Talks with HSBC to Sell Its MF Arm

Insider recently sold ₹4.0m worth of stock

Insider recently sold ₹1.2m worth of stock

Insider recently sold ₹1.8m worth of stock

L&T Finance Holdings Limited's (NSE:L&TFH) CEO Might Not Expect Shareholders To Be So Generous This Year

Full year 2021 earnings released: EPS ₹4.49 (vs ₹8.00 in FY 2020)

Insider recently sold ₹1.9m worth of stock

CEO, MD & Whole-Time Director recently sold ₹19m worth of stock

Insider recently sold ₹21m worth of stock

Insider recently sold ₹33m worth of stock

Chief Executive of Wholesale Finance recently sold ₹4.4m worth of stock

Full year 2021 earnings released: EPS ₹4.49 (vs ₹8.50 in FY 2020)

Group Chief Risk Officer has left the company

Insider recently sold ₹1.1m worth of stock

New 90-day high: ₹107

Insider recently sold ₹743k worth of stock

L&T Finance Holdings Limited has completed a Follow-on Equity Offering in the amount of INR 29.986126 billion.

Group Chief Financial Officer recently sold ₹5.7m worth of stock

Insider recently sold ₹18m worth of stock

Trade Alert: The CEO, MD & Whole-Time Director Of L&T Finance Holdings Limited (NSE:L&TFH), Dinanath Dubhashi, Has Sold Some Shares Recently

CEO, MD & Whole-Time Director recently sold ₹42m worth of stock

How Much Of L&T Finance Holdings Limited (NSE:L&TFH) Do Institutions Own?

Revenue beats expectations, earnings disappoint

Third quarter 2021 earnings released: EPS ₹1.45

Price target raised to ₹92.80