- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹59,526 Cr149th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 16 Oct 2026
- 17.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 16 Oct 2026
- 2.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.16%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 16 Oct 2026
- 12.3%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 8.46%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 6.65%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 2.06%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 2.27%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 4.89times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 47,38,80743.1% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 16 Oct
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,484 Crup 4.59%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹973 Crup 6.20%
Income from operations by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2019, the company's income from operations for that year, ₹12,990 Cr, differs from its quarters added, ₹12,836 Cr. From the year to Mar 2022, the company's income from operations for that year, ₹11,930 Cr, differs from its quarters added, ₹12,109 Cr; the company reports a discontinued business.
| ₹ crore | Dec 2024Filed 21 Jan | Mar 2025Filed 25 Apr | Jun 2025Filed 18 Jul | Sep 2025Filed 19 Dec | Dec 2025Filed 16 Jan | Mar 2026Filed 24 Apr | Jun 2026Filed 10 Jul | Sep 2026Filed 16 Oct |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 4,098 | 4,023 | 4,260 | 4,336 | 4,578 | 4,771 | 5,243 | 5,484 |
| Net profit | 626 | 636 | 701 | 735 | 738 | 809 | 916 | 973 |
Business segments
In the year to Mar 2026 the company reports one business segment, Lending, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: not used for a lender or an insurer. Its history crosses a change of basis in the accounts in the years to Mar 2019 and Mar 2022: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 49% of 1,981 trading days over the last 10 years.
At or below today's level on 76% of 1,240 trading days over the last 5 years.
At or below today's level on 70% of 2,408 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +57.9% | +12.3% | +39.5% | 1.1% |
| 3 years | +44.6% | +22.0% | +17.2% | 1.5% |
| 5 years | +21.7% | +24.9% | −3.8% | 1.5% |
Mutual funds holding it
196 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 102 of the 141 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 73
- CutCut. Funds that held fewer shares than at the end of the month before.
- 68
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 42
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 16
| Fund | |||
|---|---|---|---|
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 6,81,70,582 | 2.71% | ₹1,806.5 Cr |
 Motilal Oswal Midcap FundMotilal Oswal Mutual Fund | 3,20,00,000 | 2.11% | ₹848.0 Cr |
 Invesco India Mid Cap FundInvesco Mutual Fund | 2,32,37,815 | 3.91% | ₹615.8 Cr |
 Mirae Asset Large & Midcap FundMirae Asset Mutual Fund | 1,52,36,660 | 0.94% | ₹403.8 Cr |
| Mirae Asset Midcap FundMirae Asset Mutual Fund | 1,39,13,647 | 1.89% | ₹368.7 Cr |
 DSP Midcap FundDSP Mutual Fund | 1,13,75,881 | 1.55% | ₹301.5 Cr |
| Invesco India Large & Mid Cap FundInvesco Mutual Fund | 1,13,39,315 | 2.47% | ₹300.5 Cr |
| Invesco India Small Cap FundInvesco Mutual Fund | 1,04,86,048 | 1.72% | ₹277.9 Cr |
 Aditya Birla Sun Life Flexi Cap FundAditya Birla Sun Life Mutual Fund | 99,31,098 | 0.94% | ₹263.2 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 95,60,659 | 1.32% | ₹253.4 Cr |
Peers and competitors
Investment Company, 73 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to L&T Finance in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
 Jio Financial ServicesJIOFIN | 1,35,384 | 79.1 | 1.0 | 44.4 | +122.7% | +5.0% | 1.3% | 2.1% | – | – | 0.29% |
 Aditya Birla CapitalABCAPITAL | 95,070 | 23.2 | 2.8 | – | +16.3% | +20.4% | 12.7% | – | 1.26% | 3.60% | 0.00% |
 Tata Investment CorporationTATAINVEST | 27,752 | 64.4 | 0.9 | 76.9 | +31.0% | +31.6% | 1.4% | 1.2% | – | – | 0.62% |
 Cholamandalam Financial HoldingsCHOLAHLDNG | 24,026 | 9.0 | 1.6 | – | +17.8% | +21.1% | 19.1% | – | 2.23% | 6.78% | 0.10% |
 TVS HoldingsTVSHLTD | 22,413 | 11.4 | 3.5 | 5.3 | +31.4% | +53.6% | 35.3% | 17.3% | – | – | 0.78% |
 Maharashtra ScootersMAHSCOOTER | 13,557 | 44.5 | 0.4 | 43.0 | +0.8% | −14.7% | 0.9% | 1.0% | – | – | 1.85% |
 JSW HoldingsJSWHL | 12,496 | 91.0 | 0.4 | – | −26.7% | – | 0.4% | – | 0.40% | 0.33% | 0.00% |
 TSF INVESTMENTSTSFINV | 8,519 | 17.5 | 1.4 | 37.8 | +282.6% | +6.1% | 8.4% | 3.3% | – | – | 2.91% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.75 |
| 27 May 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.75 |
| 18 Jun 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.50 |
| 21 Jul 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 1 Jul 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.50 |
| 26 Mar 2020 | Interim | ₹0.90 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
19 Oct · Analysts
L&T Finance share price by year
Each calendar year to 2025.L&T Finance share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 315.95 | +132.9% | 315.95 | 130.89 |
| 2024 | 135.63 | −17.8% | 190.10 | 135.63 |
| 2023 | 165.05 | +89.2% | 165.05 | 79.65 |
| 2022 | 87.25 | +12.3% | 93.95 | 59.40 |
| 2021 | 77.70 | −17.1% | 112.30 | 73.40 |
| 2020 | 93.70 | −21.0% | 131.55 | 48.55 |
| 2019 | 118.55 | −22.3% | 153.60 | 80.25 |
| 2018 | 152.60 | −12.3% | 186.40 | 117.20 |
| 2017 | 174.00 | +98.6% | 211.50 | 88.35 |
| 2016 | 87.60 | +34.5% | 107.80 | 49.65 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 244.10 | 244.50 | 234.30 | 237.50 | 237.18 | 47,38,807 | 43.1% |
| 22 Oct 2026 | 245.40 | 247.25 | 240.35 | 244.10 | 244.34 | 33,00,472 | 40.8% |
| 21 Oct 2026 | 254.00 | 254.20 | 243.50 | 245.60 | 246.92 | 34,50,143 | 34.3% |
| 19 Oct 2026 | 254.00 | 254.80 | 249.15 | 253.00 | 252.89 | 50,32,735 | 49.2% |
| 16 Oct 2026 | 264.00 | 264.00 | 246.50 | 253.85 | 253.07 | 2,39,54,101 | 31.9% |
| 15 Oct 2026 | 261.00 | 266.50 | 259.00 | 262.00 | 264.20 | 95,31,610 | 54.8% |
| 14 Oct 2026 | 266.45 | 266.45 | 257.50 | 258.80 | 260.81 | 51,86,445 | 43.9% |
| 13 Oct 2026 | 263.90 | 267.60 | 261.70 | 267.60 | 264.58 | 23,27,036 | 37.0% |
| 12 Oct 2026 | 261.35 | 266.80 | 261.00 | 262.70 | 264.34 | 21,27,416 | 37.3% |
| 9 Oct 2026 | 257.90 | 263.10 | 255.50 | 261.20 | 260.57 | 26,00,387 | 41.9% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Rights issue and offer for sale history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 21 Jan 2021 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
About L&T Finance
L&T Finance Limited, known as LTF, is a non-banking financial company, a lender that is not a bank, headquartered in Mumbai. Its registered office is in Santacruz East, Mumbai. The Reserve Bank of India classifies it as an Upper Layer NBFC, and it is a systemically important non-banking financial company. It lends to individuals, entrepreneurs, farmers and small businesses across rural and urban India. In its reporting, LTF means the company together with its subsidiaries.
Its retail lending is built on three main products: rural group loans and microfinance, two-wheeler finance and farm equipment finance. It also offers personal loans, home loans, loans against property, SME loans, micro loans against property and gold finance. The gold finance business was acquired in June 2025, adding a secured product to its retail range. The company describes its approach to lending as digital-first and data-driven.
LTF runs a pan-India distribution network and reaches about 2 lakh villages and more than 450 cities and towns. It serves more than 2.8 crore customers across the country. Its rural branches include 2,167 group loan and microfinance meeting centres, 135 micro loan against property branches and 9 dedicated farmer finance branches. Its urban branches include 330 dedicated gold finance branches and 199 other shared branches.
Its equity shares and debt securities are listed on the NSE and BSE. The company is part of the Larsen & Toubro Group.
- Legal name
- L&T Finance Limited
- NSE symbol
- LTF
- BSE code
- 533519
- ISIN
- INE498L01015
- Industry
- Finance
- Listed
- Aug 2011
- Face value
- ₹10
- Former symbols
- L&TFH
- CIN
- L67120MH2008PLC181833
- Corporate identity number, the registrar of companies' code for it