L&T Finance Holdings | Hold L&T Finance Holdings, target price Rs 108: Emkay Research

Emkay Research has a hold call on L&T Finance Holdings with a target price of Rs 108 for a duration of 12 months. The current market price of L&T Finance Holdings is Rs 87.5.

L&T Finance Holdings Ltd, incorporated in the year 2008, is a Large Cap company with a market cap of Rs 21620 Crore, operating in NBFC sector.

L&T Finance Holdings’ key Products/Revenue Segments include Dividend, Interest and Income From Sale Of Share & Securities for the year ending 31-Mar-2020.

Stock Score, Analysts’ Ratings & Recommendations

EARNINGS

FUNDAMENTAL

RELATIVE VALUATION

RISK

PRICE MOMENTUM

Stock score of L moved up by 2 in 3 months on a 10-point scale.

View Latest Stock Report

Stock Analysis

Stock score of L is 6 on a scale of 10. View Stock Analysis »


Investment Rationale

Emkay

Research said, overall disbursements remained flat on YoY basis however has declined by ~25 per cent qoq to Rs 81 billion. Infrastructure lending witnessed steep decline in disbursements by 75 per cent qoq and 38 per cent yoy along with tractor and 2 Wheeler portfolios which had also seen sequential decline in disbarments. However the company has maintained its leadership position in farm equipment as well as 2 Wheeler businesses, said Emkay Research.

Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 3587.18 Crore, down 0.97 per cent from last quarter’s Total Income of Rs 3622.16 Crore and up 4.67 per cent from last year same quarter’s Total Income of Rs 3427.22 Crore. Company has reported a net profit after tax of Rs 265.97 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 63.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 9.4 per cent, DIIs 5.3 per cent and public and others 21.7 per cent.

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