Sunday, October 2, 2022
Home Business Buy L&T Finance Holdings, target price Rs 100: Emkay Global

Buy L&T Finance Holdings, target price Rs 100: Emkay Global

Emkay Global has buy call on L&T Finance Holdings with a target price of Rs 100. The current market price of L&T Finance Holdings Ltd. is Rs 82.2.

Time period given by analyst is one year when L&T Finance Holdings Ltd. price can reach defined target.

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 20950.53 Crore) operating in NBFC sector.

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend, Interest for the year ending 31-Mar-2021.


For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3134.46 Crore, down -2.09 % from last quarter Total Income of Rs 3201.49 Crore and down -10.67 % from last year same quarter Total Income of Rs 3508.91 Crore. Company reported net profit after tax of Rs 222.99 Crore in latest quarter.

Investment Rationale
The brokerage assumes coverage of LTFH with a Buy rating. Its Sep’22 TP of Rs100 is based on the SOTP approach, valuing the lending business at 1.0x Sep’23E BVPS and the AMC at 23x Sep’23E PE. Key downside risk: large ticket exposures slipping to NPA within housing and wholesale book.

Promoter/FII Holdings
Promoters held 63.59 per cent stake in the company as of 30-Jun-2021, while FIIs owned 8.79 per cent, DIIs 6.57 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Source link


TRS sitting on cash pile of Rs 425 crore

TRS president and Telangana Chief Minister K Chandrasekhar Rao on Monday said the party has fixed deposits of Rs 425 crore which it...

RBI Governor Says Robust Auditing Practices Will Help Counter Frauds

<!-- -->RBI Governor has asked auditors to be alert about manipulations in accounting practicesReserve Bank of India (RBI) Governor Shaktikanta Das on Monday...

Transferring money online? Here’s everything you need to know about IMPS, NEFT, RTGS and more

New Delhi: The Reserve Bank of India (RBI) recently increased the Immediate Payment Service (IMPS) transaction limit from Rs 2 lakh to Rs...


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

At least 129 people killed after riot breaks out at football match in Indonesia

At least 129 people were killed and around 180 injured at a soccer match in Indonesia after a crowd stampede during a riot,...

Dravid still awaiting official confirmation of the extent of Bumrah’s injury

Forty-eight hours after the first reports of Jasprit Bumrah's back injury, there is still no clarity on the extent and seriousness of it...

Arsenal beat ten-man Tottenham 3-1 to stay atop Premier League table

Gabriel Jesus marked his first north London derby with a goal as Arsenal beat 10-man Tottenham 3-1 on Saturday to strengthen its...

Sri Lanka ask India to take first strike

Toss Sri Lanka chose to bowl vs IndiaSri Lanka captain Chamari Athapaththu won the toss and opted to field in their first Women's...

Recent Comments