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- Indian - finance
- L&T FINANCE - REC
L&T FINANCE vs REC - Comparison Results
Current Valuations
| L&T FINANCE | REC | L&T FINANCE/ REC |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 13.5 | 9.1 | 148.2% | View Chart |
| P/BV | x | 1.5 | 2.0 | 76.2% | View Chart |
| Dividend Yield | % | 1.8 | 3.1 | 57.7% |
Financials
 L&T FINANCE  REC |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| L&T FINANCE Mar-24 |
REC Mar-24 |
L&T FINANCE/ REC |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 179 | 524 | 34.2% | |
| Low | Rs | 82 | 116 | 71.3% | |
| Income per share (Unadj.) | Rs | 54.6 | 180.4 | 30.2% | |
| Earnings per share (Unadj.) | Rs | 9.3 | 53.7 | 17.4% | |
| Cash flow per share (Unadj.) | Rs | 41.0 | 70.7 | 58.0% | |
| Dividends per share (Unadj.) | Rs | 2.50 | 16.00 | 15.6% | |
| Avg Dividend yield | % | 1.9 | 5.0 | 38.2% | |
| Book value per share (Unadj.) | Rs | 93.7 | 263.4 | 35.6% | |
| Shares outstanding (eoy) | m | 2,488.94 | 2,633.22 | 94.5% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Avg Price / Income ratio | x | 2.4 | 1.8 | 135.1% | |
| Avg P/E ratio | x | 14.0 | 6.0 | 235.6% | |
| Avg P/CF ratio | x | 13.9 | 5.8 | 238.9% | |
| Avg Price/Bookvalue ratio | x | 1.4 | 1.2 | 114.9% | |
| Dividend payout | % | 26.8 | 29.8 | 90.0% | |
| Avg Mkt Cap | Rs m | 325,304 | 841,973 | 38.6% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages & salary | Rs m | 18,064 | 2,380 | 758.9% | |
| Avg. income/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Interest income | Rs m | 135,806 | 475,048 | 28.6% | |
| Other income | Rs m | 21,574 | 14,461 | 149.2% | |
| Interest expense | Rs m | 54,001 | 299,647 | 18.0% | |
| Net interest income | Rs m | 81,805 | 175,400 | 46.6% | |
| Operating expense | Rs m | 71,941 | 10,022 | 717.9% | |
| Gross profit | Rs m | 9,864 | 165,379 | 6.0% | |
| Gross profit margin | % | 7.3 | 34.8 | 20.9% | |
| Provisions/contingencies | Rs m | 214 | 3,321 | 6.4% | |
| Profit before tax | Rs m | 30,290 | 179,599 | 16.9% | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Minority Interest | Rs m | 30 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Tax | Rs m | 7,119 | 38,145 | 18.7% | |
| Profit after tax | Rs m | 23,201 | 141,455 | 16.4% | |
| Net profit margin | % | 17.1 | 29.8 | 57.4% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Advances | Rs m | 813,594 | 4,991,921 | 16.3% | |
| Deposits | Rs m | 0 | 0 | - | |
| Credit/Deposit ratio | x | 0 | 0 | - | |
| Yield on advances | % | 0 | 0 | - | |
| Cost of deposits | % | 0 | 0 | - | |
| Net Interest Margin | % | 8.6 | 3.3 | 260.6% | |
| Net fixed assets | Rs m | 5,194 | 6,315 | 82.2% | |
| Share capital | Rs m | 24,889 | 31,916 | 78.0% | |
| Free reserves | Rs m | 208,398 | 661,586 | 31.5% | |
| Net worth | Rs m | 233,288 | 693,503 | 33.6% | |
| Borrowings | Rs m | 224,028 | 363,018 | 61.7% | |
| Investments | Rs m | 133,480 | 300,845 | 44.4% | |
| Total assets | Rs m | 1,008,606 | 5,489,085 | 18.4% | |
| Debt/equity ratio | x | 1.0 | 0.5 | 183.5% | |
| Return on assets | % | 2.3 | 2.6 | 89.3% | |
| Return on equity | % | 9.9 | 20.4 | 48.8% | |
| Capital adequacy ratio | % | 22.8 | 25.8 | 88.5% | |
| Net NPAs | % | 1.7 | 0.9 | 189.8% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 6,735 | -577,226 | -1.2% | |
| From Investments | Rs m | 8,486 | -18,310 | -46.3% | |
| From Financial Activity | Rs m | -70,374 | 595,878 | -11.8% | |
| Net Cashflow | Rs m | -55,153 | 342 | -16,122.0% | |
Share Holding
| Indian Promoters | % | 66.3 | 52.6 | 126.0% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 19.1 | 35.5 | 53.6% | |
| FIIs | % | 6.7 | 21.2 | 31.7% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 33.7 | 47.4 | 71.2% | |
| Shareholders | 787,291 | 1,040,888 | 75.6% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare L&T FINANCE With: BAJAJ FINANCE BAJAJ HOLDINGS & INVESTMENT CHOLAMANDALAM INVEST SBI CARDS MANAPPURAM FINANCE
More on L&T FINANCE vs REC
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
L&T FINANCE vs REC Share Price Performance
| Period | L&T FINANCE | REC |
|---|---|---|
| 1-Day | 0.87% | 3.04% |
| 1-Month | -11.52% | -2.96% |
| 1-Year | 0.25% | 48.89% |
| 3-Year CAGR | 20.97% | 72.79% |
| 5-Year CAGR | 8.51% | 36.94% |
* Compound Annual Growth Rate
Here are more details on the L&T FINANCE share price and the REC share price.
Moving on to shareholding structures...
The promoters of L&T FINANCE hold a 66.3% stake in the company. In case of REC the stake stands at 52.6%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of L&T FINANCE and the shareholding pattern of REC.
Finally, a word on dividends...
In the most recent financial year, L&T FINANCE paid a dividend of Rs 2.5 per share. This amounted to a Dividend Payout ratio of 26.8%.
REC paid Rs 16.0, and its dividend payout ratio stood at 29.8%.
You may visit here to review the dividend history of L&T FINANCE, and the dividend history of REC.
For a sector overview, read our finance sector report.
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On Tuesday, Indian share markets traded on a positive note throughout the session and ended marginally higher.
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