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HomeSHARE MARKET₹161 Share: According To Company, 41% Profit Increased; Share Will Double?

₹161 Share: According To Company, 41% Profit Increased; Share Will Double?

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L&T Finance Holdings (NSE: L&TFH) has released its quarterly results. According to the company’s financial statements, profits have grown by 41 percent when compared to the previous year. 

However, an increase of 7 percent was observed in the net earnings from interest. Based on the data that the company has provided the profit for the December quarter increased from 453.6 crore to 640.2 crore. 

There has been an increase of 7.6 percent in profit compared to the September quarter. At the same time, the net dividends earned by the business have increased from Rs 1820.9 crore to Rs 1952.9 crore. 

The results have come after the market closed on Tuesday. At the end of trading, the stock will close at the level of 159.75 with a fall of 4.3 percent.

Big Announcements Were Made By Management

Along with the results, the company has announced that the nomination committee of the company has approved many proposals regarding management. 

The company has approved the proposal for the appointment of Sudipta Rai to the post of Company MD and CEO for 5 years.

This appointment will be applicable from 24 January 2024 to 23 January 2029.

The appointment of Dinanath Dubhashi as full-time director of the company has been approved after he resigned from the post of MD and CEO of the company. 

Apart from this, Dr. R Sitharaman has been appointed as Additional Independent Director and Nishi Vasudev has been appointed as Independent Director for the second term of 5 years.

How Has The Stock Performed?

There was a sharp decline in the stock in Tuesday’s trading. The stock ended at 159..55 with a decline of 4.4 percent. 

The stock has seen a growth of over 70% in the past 1 year. There is an increase of 20 percent in the stock in 3 months.

Many brokerage houses have advised to invest in the stock. A global brokerage report in early January advised investing in the stock with a target of Rs 190. 

Another brokerage house, in its report presented on December 1, has advised to invest in the stock with a target of Rs 170.

About  L&T Finance Holdings Ltd

L&T Finance Holdings Limited (LTFH) is an Indian non-banking financial institution (NBFC) that offers various financial products and services via L&T Finance Limited, its affiliate L&T Finance Limited under the L&T Finance brand. 

The company’s segments are Wholesale business, Retail businesses, business defocused, and Others. 

The retail business segment consists the finance for farmers, including farm equipment finance and finance, 

allied to rural business finance including microfinance loans and loans to rural businesses urban finance, for example, two-wheeler financing and consumer loans, & retail loans for housing and loans against real estate & small and medium-sized businesses loans, & retail portfolio acquisitions. 

The Wholesale business segment consists of residential finance & infrastructure finance. The business segment comprises corporate loans. 

The Others segment is comprised of asset management & other investment/business activities.

Fundamental Analysis of  L&T Finance Holdings Ltd

Market Cap₹ 39,666 Cr.
Current Price₹ 160
52-wk High₹ 175 
52-wk Low₹79.0
Stock P/E21.8
Book Value₹ 89.4
Dividend1.25 %
ROCE7.56 %
ROE6.41 %
Face Value₹ 10.0
P/B Value1.79
OPM60.1 %
EPS₹ 8.39
Debt₹ 76,622 Cr.
Debt to Equity3.45

L&T Finance Holdings Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹175₹242
2025₹255₹275
2026₹305₹324
2027₹380₹422
2028₹481₹500
2029₹505₹545
2030₹580₹630
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L&T Finance Holdings Ltd Shareholding Pattern

Promoters Holding
Dec 202266.15%
Mar 202366.11%
Jun 202366.10%
Sept 202366.02%
Dec 202365.90%
FII Holding
Dec 202211.24%
Mar 202311.35%
Jun 202313.90%
Sept 202312.11%
Dec 202310.67%
DII Holding
Dec 20226.05%
Mar 20236.58%
Jun 20235.29%
Sept 20237.02%
Dec 20239.07%
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Public Holding
Dec 202216.56%
Mar 202315.96%
Jun 202314.73%
Sept 202314.85%
Dec 202314.36%

L&T Finance Holdings LtdShare: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹13,365 Cr
2020₹14,104 Cr
2021₹13,353 Cr
2022₹11,930 Cr
2023₹13,187 Cr

Last 5 Years’ Net Profit:

2019₹2,232 Cr
2020₹1,700 Cr
2021₹949 Cr
2022₹1,049 Cr
2023₹2,181 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20196.8
20206.39
20214.72
20224.27
20233.86

Last 10 Years’ Profit Growth:

10 Years:8%
5 Years:1%
3 Years:-8%
Current Year:90%

Last 10 years’ Return on Equity (ROE):

10 Years:10%
5 Years:8%
3 Years:5%
Last Year:6%

Last 10 Years’ Sales Growth:

10 Years:12%
5 Years:5%
3 Years:-3%
Current Year:5%

Conclusion

This article is a complete guide about L&T Finance Holdings Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹179 Bank Share Jumped 12% After Huge Profit In Q3; DII holding 35%, FII 16%

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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