By Helgi Library - October 15, 2019
L&T Finance Holdings stock traded at INR 152 per share at the end 2018 implying a market capitalization of USD 4,367 mil. Since the...
By Helgi Library - October 15, 2019
L&T Finance Holdings stock traded at INR 152 per share at the end 2018 implying a market capitalization of USD 4,367 mil. Since the...
By Helgi Library - October 15, 2019
L&T Finance Holdings generated total banking revenues of INR 64,339 mil in 2018, up 33.6% compared to the previous year. ...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR mil | 31,705 | 34,208 | 47,781 |
| Net Fee Income | INR mil | 6,030 | 12,199 | 12,771 |
| Other Income | INR mil | 2,026 | 1,733 | 3,787 |
| Total Revenues | INR mil | 39,761 | 48,140 | 64,339 |
| Operating Profit | INR mil | 25,249 | 14,428 | 30,444 |
| Provisions | INR mil | 14,151 | 0 | 0 |
| Net Profit | INR mil | 10,422 | 12,547 | 22,263 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR mil | 60,115 | 53,015 | 86,408 |
| Customer Loans | INR mil | 623,145 | 770,883 | 913,246 |
| Total Assets | INR mil | 725,136 | 877,770 | 1,060,550 |
| Shareholders' Equity | INR mil | 92,259 | 116,302 | 136,709 |
| Interbank Borrowing | INR mil | 117,641 | 141,352 | 203,256 |
| Customer Deposits | INR mil | 0 | 0 | 0 |
| Issued Debt Securities | INR mil | 480,470 | 611,131 | 711,814 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 11.8 | 12.0 | 17.6 |
| ROA | % | 1.53 | 1.57 | 2.30 |
| Costs (As % Of Assets) | % | 2.13 | 4.21 | 3.50 |
| Costs (As % Of Income) | % | 36.5 | 70.0 | 52.7 |
| Net Interest Margin | % | 4.65 | 4.27 | 4.93 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 20.8 | 22.0 | 13.7 | |
| Price/Book Value (P/BV) | 2.35 | 2.37 | 2.23 | |
| Earnings Per Share (EPS) | 5.86 | 6.88 | 11.1 | |
| Book Value Per Share | 51.9 | 63.7 | 68.2 | |
Get all company financials in excel:
| summary | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||
| Net Interest Income | INR mil | 13,978 | 16,636 | 21,822 | 27,732 | 31,705 | |||||
| Total Revenues | INR mil | 16,692 | 21,658 | 27,697 | 36,070 | 39,761 | |||||
| Operating Profit | INR mil | 10,131 | 11,721 | 17,035 | 17,813 | 25,249 | |||||
| Net Profit | INR mil | 7,305 | 5,969 | 8,547 | 8,567 | 10,422 | |||||
| balance sheet | |||||||||||
| Interbank Loans | INR mil | 18,427 | 27,303 | 26,492 | 35,633 | 60,115 | |||||
| Customer Loans | INR mil | 323,750 | 388,936 | 460,425 | 567,117 | 623,145 | |||||
| Debt Securities | INR mil | 294 | 307 | 214 | 267 | 788 | |||||
| Total Assets | INR mil | 365,696 | 448,609 | 527,422 | 638,011 | 725,136 | |||||
| Shareholders' Equity | INR mil | 62,202 | 68,257 | 78,402 | 85,089 | 92,259 | |||||
| Interbank Borrowing | INR mil | 101,301 | 125,653 | 126,897 | 66,955 | 117,641 | |||||
| Customer Deposits | INR mil | 0 | 0 | 0 | 0 | 0 | |||||
| Issued Debt Securities | INR mil | 181,173 | 232,882 | 294,009 | 449,201 | 480,470 | |||||
| ratios | |||||||||||
| ROE | % | 13.3 | 9.15 | 11.7 | 10.5 | 11.8 | |||||
| ROA | % | 2.30 | 1.47 | 1.75 | 1.47 | 1.53 | |||||
| Costs (As % Of Assets) | % | 2.07 | 2.44 | 2.18 | 3.13 | 2.13 | |||||
| Costs (As % Of Income) | % | 39.3 | 45.9 | 38.5 | 50.6 | 36.5 | |||||
| Net Interest Margin | % | 4.40 | 4.09 | 4.47 | 4.76 | 4.65 | |||||
| Interest Income (As % Of Revenues) | % | 83.7 | 76.8 | 78.8 | 76.9 | 79.7 | |||||
| Fee Income (As % Of Revenues) | % | ... | 4.65 | 6.06 | 8.04 | 10.4 | 15.2 | ||||
| Equity (As % Of Assets) | % | 17.0 | 15.2 | 14.9 | 13.3 | 12.7 | |||||
| Loans (As % Assets) | % | 88.5 | 86.7 | 87.3 | 88.9 | 85.9 | |||||
| valuation | |||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | 2,312 | 2,045 | 1,714 | 1,688 | 3,195 | |||
| Number Of Shares (Average) | mil | 1,717 | 1,720 | 1,721 | 1,731 | 1,779 | |||||
| Share Price (End Of Period) | INR | ... | ... | 73.8 | 73.5 | 62.8 | 64.7 | 122 | |||
| Earnings Per Share (EPS) | 4.26 | 3.47 | 4.97 | 4.95 | 5.86 | ||||||
| Book Value Per Share | 36.2 | 39.7 | 45.6 | 49.1 | 51.9 | ||||||
| Price/Earnings (P/E) | ... | ... | 17.3 | 21.2 | 12.6 | 13.1 | 20.8 | ||||
| Price/Book Value (P/BV) | ... | ... | 2.04 | 1.85 | 1.38 | 1.32 | 2.35 | ||||
| Earnings Per Share Growth | % | ... | 51.2 | -18.4 | 43.1 | -0.350 | 18.4 | ||||
| Book Value Per Share Growth | % | ... | 23.2 | 9.53 | 14.8 | 7.89 | 5.52 |
| income statement | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||||||||
| Interest Income | INR mil | 37,264 | 47,375 | 57,500 | 68,749 | 77,650 | |||||
| Interest Cost | INR mil | 23,286 | 30,739 | 35,678 | 41,016 | 45,945 | |||||
| Net Interest Income | INR mil | 13,978 | 16,636 | 21,822 | 27,732 | 31,705 | |||||
| Net Fee Income | INR mil | ... | 777 | 1,312 | 2,228 | 3,751 | 6,030 | ||||
| Other Income | INR mil | 1,938 | 3,710 | 3,647 | 4,586 | 2,026 | |||||
| Total Revenues | INR mil | 16,692 | 21,658 | 27,697 | 36,070 | 39,761 | |||||
| Operating Cost | INR mil | 6,561 | 9,937 | 10,662 | 18,257 | 14,513 | |||||
| Operating Profit | INR mil | 10,131 | 11,721 | 17,035 | 17,813 | 25,249 | |||||
| Provisions | INR mil | 2,425 | 3,472 | 6,635 | 5,062 | 14,151 | |||||
| Extra and Other Cost | INR mil | -2,180 | 0 | -1,348 | 224 | 308 | |||||
| Pre-Tax Profit | INR mil | 9,886 | 8,249 | 11,748 | 12,527 | 10,789 | |||||
| Tax | INR mil | 2,594 | 2,300 | 3,241 | 3,990 | 364 | |||||
| Minorities | INR mil | 0 | 0 | 0 | 0 | 60.3 | |||||
| Net Profit | INR mil | 7,305 | 5,969 | 8,547 | 8,567 | 10,422 | |||||
| growth rates | |||||||||||
| Net Interest Income Growth | % | ... | -8.45 | 19.0 | 31.2 | 27.1 | 14.3 | ||||
| Net Fee Income Growth | % | ... | ... | -133 | 68.9 | 69.8 | 68.4 | 60.8 | |||
| Total Revenue Growth | % | ... | 5.96 | 29.7 | 27.9 | 30.2 | 10.2 | ||||
| Operating Cost Growth | % | ... | 6.55 | 51.5 | 7.29 | 71.2 | -20.5 | ||||
| Operating Profit Growth | % | ... | 6.55 | 51.5 | 71.4 | 4.57 | 41.7 | ||||
| Pre-Tax Profit Growth | % | ... | 44.5 | -16.6 | 42.4 | 6.63 | -13.9 | ||||
| Net Profit Growth | % | ... | 60.6 | -18.3 | 43.2 | 0.236 | 21.7 | ||||
| market share | |||||||||||
| Market Share in Revenues | % | ... | ... | 0.707 | 0.803 | 0.912 | 1.07 | 0.989 | ... | ||
| Market Share in Net Profit | % | ... | ... | 1.23 | 1.11 | 1.57 | 2.08 | ... | ... | ... |
| balance sheet | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||||||||
| Cash | INR mil | 3,719 | 7,827 | 8,623 | 4,015 | 5,944 | |||||
| Interbank Loans | INR mil | 18,427 | 27,303 | 26,492 | 35,633 | 60,115 | |||||
| Customer Loans | INR mil | 323,750 | 388,936 | 460,425 | 567,117 | 623,145 | |||||
| Debt Securities | INR mil | 294 | 307 | 214 | 267 | 788 | |||||
| Fixed Assets | INR mil | 11,309 | 12,279 | 13,574 | 13,351 | 12,578 | |||||
| Total Assets | INR mil | 365,696 | 448,609 | 527,422 | 638,011 | 725,136 | |||||
| Shareholders' Equity | INR mil | 62,202 | 68,257 | 78,402 | 85,089 | 92,259 | |||||
| Of Which Minority Interest | INR mil | 0 | 0 | 1,003 | 1,003 | 1,186 | |||||
| Liabilities | INR mil | 303,494 | 380,353 | 449,020 | 552,922 | 632,877 | |||||
| Interbank Borrowing | INR mil | 101,301 | 125,653 | 126,897 | 66,955 | 117,641 | |||||
| Customer Deposits | INR mil | 0 | 0 | 0 | 0 | 0 | |||||
| Issued Debt Securities | INR mil | 181,173 | 232,882 | 294,009 | 449,201 | 480,470 | |||||
| Other Liabilities | INR mil | 21,020 | 21,817 | 28,114 | 36,766 | 34,766 | |||||
| asset quality | |||||||||||
| Non-Performing Loans | INR mil | ... | ... | ... | 6,596 | 12,430 | 10,450 | 27,558 | 31,461 | ||
| growth rates | |||||||||||
| Customer Loan Growth | % | ... | 76.2 | 20.1 | 18.4 | 23.2 | 9.88 | ||||
| Total Asset Growth | % | ... | 35.8 | 22.7 | 17.6 | 21.0 | 13.7 | ||||
| Shareholders' Equity Growth | % | ... | 30.9 | 9.73 | 14.9 | 8.53 | 8.43 | ||||
| market share | |||||||||||
| Market Share in Customer Loans | % | 0.586 | 0.605 | 0.649 | 0.711 | 0.755 | ... | ||||
| Market Share in Total Assets | % | 0.421 | 0.443 | 0.473 | 0.506 | 0.510 | ... | ||||
| Market Share in Customer Deposits | % | 0 | 0 | 0 | 0 | 0 | ... |
| ratios | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | |||||||||||
| ROE | % | 13.3 | 9.15 | 11.7 | 10.5 | 11.8 | |||||
| ROA | % | 2.30 | 1.47 | 1.75 | 1.47 | 1.53 | |||||
| Costs (As % Of Assets) | % | 2.07 | 2.44 | 2.18 | 3.13 | 2.13 | |||||
| Costs (As % Of Income) | % | 39.3 | 45.9 | 38.5 | 50.6 | 36.5 | |||||
| Net Interest Margin | % | 4.40 | 4.09 | 4.47 | 4.76 | 4.65 | |||||
| Interest Spread | % | ... | 2.87 | 2.65 | 3.18 | 3.61 | 3.64 | ||||
| Asset Yield | % | 11.7 | 11.6 | 11.8 | 11.8 | 11.4 | |||||
| Cost Of Liabilities | % | ... | 8.87 | 8.99 | 8.60 | 8.19 | 7.75 | ||||
| Interest Income (As % Of Revenues) | % | 83.7 | 76.8 | 78.8 | 76.9 | 79.7 | |||||
| Fee Income (As % Of Revenues) | % | ... | 4.65 | 6.06 | 8.04 | 10.4 | 15.2 | ||||
| Other Income (As % Of Revenues) | % | 11.6 | 17.1 | 13.2 | 12.7 | 5.10 | |||||
| Equity (As % Of Assets) | % | 17.0 | 15.2 | 14.9 | 13.3 | 12.7 | |||||
| Loans (As % Assets) | % | 88.5 | 86.7 | 87.3 | 88.9 | 85.9 | |||||
| Cost of Provisions (As % Of Loans) | % | 0.956 | 0.974 | 1.56 | 0.985 | 2.38 |
| other data | Unit | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | |||||||||||
| Employees | ... | 2,555 | 2,933 | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - October 15, 2019
L&T Finance Holdings generated total banking revenues of INR 64,339 mil in 2018, up 33.6% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 64,339 mil i...
By Helgi Library - October 15, 2019
L&T Finance Holdings's net interest margin amounted to 4.93% in 2018, up from 4.27% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 9.31% in 2010 and an all time low of 4.09% in 2013. The avera...
By Helgi Library - October 15, 2019
L&T Finance Holdings's net interest margin amounted to 4.93% in 2018, up from 4.27% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 9.31% in 2010 and an all time low of 4.09% in 2013. The avera...
By Helgi Library - October 15, 2019
L&T Finance Holdings generated total banking revenues of INR 48,140 mil in 2017, up 21.1% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last...
By Helgi Library - October 15, 2019
L&T Finance Holdings's customer loans reached INR 770,883 mil in 2017, up 23.7% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. L&T Finance Holdings a...
By Helgi Library - October 15, 2019
L&T Finance Holdings generated total banking revenues of INR 48,140 mil in 2017, up 21.1% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last...
By Helgi Library - October 15, 2019
L&T Finance Holdings's customer loans reached INR 770,883 mil in 2017, up 23.7% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. L&T Finance Holdings a...
By Helgi Library - October 15, 2019
L&T Finance Holdings's customer deposits reached INR 0 mil in 2017, down 0% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. L&T Finance Holdings a...
By Helgi Library - October 15, 2019
L&T Finance Holdings's customer deposits reached INR 0 mil in 2017, down 0% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. L&T Finance Holdings a...
L&T Finance Holdings has been growing its revenues and asset by 21.3% and 18.5% a year on average in the last 3 years. Its loans and deposits have grown by 17.2% and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 13.8% in the last three years with net profit growing 37.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 52.7% in 2018, compared to 53.1% average in the last three years.
Equity represented 12.9% of total assets or 15.0% of loans at the end of 2018. L&T Finance Holdings's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.
L&T Finance Holdings stock traded at INR 152 per share at the end of 2018 resulting in a market capitalization of USD 4,367 mil. Over the previous five years, stock price rose by 107% or 15.6% a year on average. That’s compared to an average ROE of 12.7% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 13.7x and price to book value (PBV) of 2.23x in 2018.
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