L&T Finance Holdings Limited (LTFH) is a leading non-banking financial company (NBFC) in India. It is a part of the Larsen & Toubro (L&T) Group and offers a wide range of financial products and services, including retail finance, corporate finance, and investment management.
L&T Finance Holdings has been a consistent performer over the years and has delivered strong financial results. In the financial year 2022-23, the company reported a revenue of INR 29,243 crore, up 18.3% from the previous year. The operating profit increased by 20.7% to INR 7,700 crore, and the net profit was INR 4,494 crore.
The company’s share price has also performed well in recent years. On August 4, 2023, the share price of L&T Finance Holdings closed at INR 111.50 on the National Stock Exchange of India.
L&T Finance Share Price Target 2023
Analysts are bullish on L&T Finance Holdings and have a positive outlook for the company’s share price in 2023. The consensus estimate for the share price target of L&T Finance Holdings in 2023 is INR 133.16, which represents an upside of 19.6% from the current price.
The bullish outlook on L&T Finance Holdings is based on a number of factors, including the following:
- The Indian government’s focus on economic growth is expected to boost the demand for financial services in the coming years.
- L&T Finance Holdings has a strong brand name and a wide range of products and services, which gives it a competitive advantage.
- The company has a strong financial position and is well-positioned to benefit from the growth in the Indian financial services sector.
L&T Finance Share Price Target 2024-2030
Analysts also have a positive outlook for L&T Finance Holdings’ share price in the medium to long term. The consensus estimates for the share price target of L&T Finance Holdings in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 are as follows:
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2024 | INR 158.83 | INR 97.60 |
| 2025 | INR 190.36 | INR 116.80 |
| 2026 | INR 227.50 | INR 139.80 |
| 2027 | INR 269.90 | INR 166.20 |
| 2028 | INR 318.10 | INR 197.60 |
| 2029 | INR 374.90 | INR 233.60 |
| 2030 | INR 440.90 | INR 274.40 |
It is important to note that these are just estimates and the actual share price of L&T Finance Holdings may vary depending on a number of factors, including the overall market conditions, the performance of the Indian financial services sector, and the company’s own performance.
Risks to Consider
There are a few risks that investors should consider before investing in L&T Finance Holdings. These risks include:
- The slowdown in the Indian economy could impact the demand for financial services.
- Rising interest rates could put pressure on the company’s margins.
- Competition from other financial services companies could intensify.
- The company’s performance could be affected by adverse economic conditions.
Conclusion
L&T Finance Holdings is a well-established and financially sound company with a strong track record. The company is well-positioned to benefit from the growth in the Indian financial services sector. However, investors should be aware of the risks involved before investing in the company.
