L&T Finance Holdings Ltd
L&T Finance Holdings Ltd (L&TFH)

L&T Finance Holdings Ltd (L&TFH)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-15.96 %
3 Month Return12.63 %
1 Year Return-16.39 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 7
Rank 12
Rank 10
Dividend Yield
Rank 8
Rank 14
Price To Book Ratio
Rank 4
Debt To Asset
Rank 9

Company Information

LT Finance Holdings Ltd. LTFH is a financial holding company offering a focused range of financial products and services across rural housing and wholesale finance sectors as well as mutual fund products and wealth management services through its whollyowned subsidiaries viz. LT Finance Ltd. LT Housing Finance Ltd. LT Infrastructure Finance Company Ltd. LT Investment Management Ltd. LT Capital Markets Ltd. and LT Infra Debt Fund Ltd. LTFH is registered with RBI as a CICNDSI. LTFH is promoted by Larsen Toubro Ltd. LT one of the leading companies in India with interests in engineering construction electrical electronics manufacturing services IT and financial services. As of March 31 2018 the Company had 11 subsidiaries including step down subsidiaries.LTFH s wholesale finance business comprises infrastructure finance structured corporate finance and supply chain finance. The company also offers debt capital markets services as part of its wholesale finance business segment. The companys housing finance business comprises home loans and loans against property and real estate finance. The companys rural finance business comprises farm equipment finance two wheeler finance and micro loans. LT Finance Holdings Ltd was incorporated on May 1 2008 as a public limited company with the name LT Capital Holdings Ltd. The company was promoted by Larsen Toubro Ltd as a holding company for their financial services business. In May 15 2008 the company received the Certificate of Commencement of Business. In March 31 2009 Larsen Toubro Ltds investment in LT Finance Ltd LT Infrastructure Finance Company Ltd and India Infrastructure Developers Ltd were transferred to the company and hence LT Finance Ltd LT Infrastructure Finance Company Ltd and India Infrastructure Developers Ltd became the wholly owned subsidiaries of the company. In January 20 2010 the companys wholly owned subsidiary LT Finance Ltd acquired LT Investment Management Ltd formerly DBS Cholamandalam Asset Management Ltd and LT Mutual Fund Trustee Ltd formerly DBS Cholamandalam Trustee Ltd the trustee company for LT Mutual Fund.In September 1 2010 the company changed their name from LT Capital Holding Ltd to LT Finance Holdings Ltd.In 2011 LT Finance Holdings total assets crossed Rs 20000 crore mark. During the year company entered the capital market with its maiden initial public offer. In 2012 LT Finance Holdings total assets crossed Rs 30000 crore mark. During the year the LT Finance Holdings forayed into housing finance business with the acquisition of Indo Pacific Housing Finance Ltd IPHF. During the year LT Finance Holdings mutual fund unit acquired Fidelitys mutual fund business in India. During the year the company started twowheeler financing with its acquisition of Family Credit a nonbanking finance company.In 2013 LT Capital Markets was incorporated as a Platform for Wealth Management business. During the year LT Finance Holdings launched a maiden issue of preference shares.In 2015 LT Finance Holdings total assets crossed Rs 50000 crore mark. During the year the company raised Rs 708 crore from preferential issue of Equity Shares and Warrants to Bain Capital. In 2016 LT Finance Holdings reoriented its strategy to focus on select products and deliver improvement on Return on Equity RoE.In 2017 LT Finance Holdings expanded its footprint by commencing Micro loans business in Assam. During the year its mutual funds business crossed the Rs 50000 crore Assets Under Management AUM mark.On 8 March 2018 LT Finance Holdings Limited LTFH announced that it has completed the preferential allotment to Larsen Toubro Limited the Promoter of 10.78 crores equity shares at issue price of Rs. 185.51 per share. Through this issue the Promoter has infused additional capital amounting to Rs 1999.99 crore demonstrating their belief and commitment to the LTFH growth story. The capital infused by the Promoter will help fund the growth of LTFHs focused lending businesses rural finance housing finance and wholesale finance and further strengthen the capital adequacy of the company.On 13 March 2018 LT Finance Holdings Limited LTFH announced the successful closure of its Qualified Institutional Placement QIP of upto Rs 1000 crore at the issue price of Rs 158.60 per share. The capital raised will be used for business growth. On 20 June 2018 LT Finance Holdings LTFH through its subsidiary LT Finance LTF announced the opening of its 1000th meeting center in Kolkata West Bengal for its micro loans business. Furthermore the company has launched an app which would enable seamless customer onboarding by providing instant loan sanctioning. The micro loans business has an endtoend digital platform embedded with a range of services such as loan sanctioning group formation esigning receipting risk audits etc.The Company had allotted 63820990 Warrants with each Warrant convertible into one Equity Share of the face value of Rs 10 each at a price of Rs 74 per Warrant to BC Asia Growth Investments Investor on December 18 2015 on a preferential basis. The Company had received 25 upfront money of total consideration from the Investor at the time of allotment of Warrants and balance 75 was received at the time of exercise of notice for option to convert the Warrants. Pursuant to the said conversion of Warrants the Company has allotted 63820990 Equity Shares of face value of Rs 10 each to Investor on May 17 2017. Further the Company also allotted 63051702 Equity Shares of Rs 10 each at an issue price of Rs 158.60 to the eligible qualified institutional buyers on a private placement basis under Chapter VIII of SEBI ICDR on March 15 2018.In FY 2018 the Company redeemed 17900000 Compulsory Convertible Redeemable Preference Shares CCRPS amounting to Rs 17900 Lakh.During the year under review LT Access Distribution Services Limited wholly owned subsidiary of the Company was merged with LT Capital Markets Limited another wholly owned subsidiary of the Company with effect from November 10 2017.
OrganisationL&T Finance Holdings Ltd