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- Indian - finance
- REC - L&T FINANCE
REC vs L&T FINANCE - Comparison Results
Current Valuations
| REC | L&T FINANCE | REC/ L&T FINANCE |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 9.0 | 13.5 | 66.3% | View Chart |
| P/BV | x | 1.9 | 1.5 | 128.9% | View Chart |
| Dividend Yield | % | 3.2 | 1.8 | 176.4% |
Financials
 REC  L&T FINANCE |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| REC Mar-24 |
L&T FINANCE Mar-24 |
REC/ L&T FINANCE |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 524 | 179 | 292.7% | |
| Low | Rs | 116 | 82 | 140.2% | |
| Income per share (Unadj.) | Rs | 180.4 | 54.6 | 330.6% | |
| Earnings per share (Unadj.) | Rs | 53.7 | 9.3 | 576.3% | |
| Cash flow per share (Unadj.) | Rs | 70.7 | 41.0 | 172.6% | |
| Dividends per share (Unadj.) | Rs | 16.00 | 2.50 | 640.0% | |
| Avg Dividend yield | % | 5.0 | 1.9 | 261.6% | |
| Book value per share (Unadj.) | Rs | 263.4 | 93.7 | 281.0% | |
| Shares outstanding (eoy) | m | 2,633.22 | 2,488.94 | 105.8% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Avg Price / Income ratio | x | 1.8 | 2.4 | 74.0% | |
| Avg P/E ratio | x | 6.0 | 14.0 | 42.5% | |
| Avg P/CF ratio | x | 5.8 | 13.9 | 41.9% | |
| Avg Price/Bookvalue ratio | x | 1.2 | 1.4 | 87.1% | |
| Dividend payout | % | 29.8 | 26.8 | 111.1% | |
| Avg Mkt Cap | Rs m | 841,973 | 325,304 | 258.8% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages & salary | Rs m | 2,380 | 18,064 | 13.2% | |
| 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 | 475,048 | 135,806 | 349.8% | |
| Other income | Rs m | 14,461 | 21,574 | 67.0% | |
| Interest expense | Rs m | 299,647 | 54,001 | 554.9% | |
| Net interest income | Rs m | 175,400 | 81,805 | 214.4% | |
| Operating expense | Rs m | 10,022 | 71,941 | 13.9% | |
| Gross profit | Rs m | 165,379 | 9,864 | 1,676.6% | |
| Gross profit margin | % | 34.8 | 7.3 | 479.3% | |
| Provisions/contingencies | Rs m | 3,321 | 214 | 1,551.9% | |
| Profit before tax | Rs m | 179,599 | 30,290 | 592.9% | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Minority Interest | Rs m | 0 | 30 | 0.0% | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Tax | Rs m | 38,145 | 7,119 | 535.8% | |
| Profit after tax | Rs m | 141,455 | 23,201 | 609.7% | |
| Net profit margin | % | 29.8 | 17.1 | 174.3% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Advances | Rs m | 4,991,921 | 813,594 | 613.6% | |
| Deposits | Rs m | 0 | 0 | - | |
| Credit/Deposit ratio | x | 0 | 0 | - | |
| Yield on advances | % | 0 | 0 | - | |
| Cost of deposits | % | 0 | 0 | - | |
| Net Interest Margin | % | 3.3 | 8.6 | 38.4% | |
| Net fixed assets | Rs m | 6,315 | 5,194 | 121.6% | |
| Share capital | Rs m | 31,916 | 24,889 | 128.2% | |
| Free reserves | Rs m | 661,586 | 208,398 | 317.5% | |
| Net worth | Rs m | 693,503 | 233,288 | 297.3% | |
| Borrowings | Rs m | 363,018 | 224,028 | 162.0% | |
| Investments | Rs m | 300,845 | 133,480 | 225.4% | |
| Total assets | Rs m | 5,489,085 | 1,008,606 | 544.2% | |
| Debt/equity ratio | x | 0.5 | 1.0 | 54.5% | |
| Return on assets | % | 2.6 | 2.3 | 112.0% | |
| Return on equity | % | 20.4 | 9.9 | 205.1% | |
| Capital adequacy ratio | % | 25.8 | 22.8 | 113.0% | |
| Net NPAs | % | 0.9 | 1.7 | 52.7% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | -577,226 | 6,735 | -8,570.9% | |
| From Investments | Rs m | -18,310 | 8,486 | -215.8% | |
| From Financial Activity | Rs m | 595,878 | -70,374 | -846.7% | |
| Net Cashflow | Rs m | 342 | -55,153 | -0.6% | |
Share Holding
| Indian Promoters | % | 52.6 | 66.3 | 79.4% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 35.5 | 19.1 | 186.4% | |
| FIIs | % | 21.2 | 6.7 | 315.3% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 47.4 | 33.7 | 140.5% | |
| Shareholders | 1,040,888 | 787,291 | 132.2% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare REC With: BAJAJ FINANCE BAJAJ HOLDINGS & INVESTMENT CHOLAMANDALAM INVEST SBI CARDS AAVAS FINANCIERS
More on REC vs L&T FINANCE
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
REC vs L&T FINANCE Share Price Performance
| Period | REC | L&T FINANCE |
|---|---|---|
| 1-Day | 3.09% | 1.27% |
| 1-Month | -0.37% | -4.97% |
| 1-Year | 50.10% | -1.34% |
| 3-Year CAGR | 71.65% | 20.89% |
| 5-Year CAGR | 37.04% | 9.22% |
* Compound Annual Growth Rate
Here are more details on the REC share price and the L&T FINANCE share price.
Moving on to shareholding structures...
The promoters of REC hold a 52.6% stake in the company. In case of L&T FINANCE the stake stands at 66.3%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of REC and the shareholding pattern of L&T FINANCE.
Finally, a word on dividends...
In the most recent financial year, REC paid a dividend of Rs 16.0 per share. This amounted to a Dividend Payout ratio of 29.8%.
L&T FINANCE paid Rs 2.5, and its dividend payout ratio stood at 26.8%.
You may visit here to review the dividend history of REC, and the dividend history of L&T FINANCE.
For a sector overview, read our finance sector report.
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After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.
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