L&T Finance Limited is a non-bank lender in India that writes retail and rural loans, including two-wheeler and home loans, plus wholesale credit to infrastructure and corporate borrowers, and sells them through a branch-heavy network. Its edge is the funding and underwriting infrastructure built within the Larsen & Toubro group, which gives it access to lower-cost borrowing than many smaller non-bank peers, while India's under-penetrated consumer credit market supports long runway for retail lending. The clearest near-term driver is continued loan book expansion, with revenue growing 31.4% year on year. At a trailing P/E of 17.9 and a forward P/E of 12.9, the market is pricing in meaningful earnings growth, and the 12.3% ROE is the number to test against that growth, since a lender this size needs to convert its expansion into returns. The company is not in any major index, which keeps it off many passive-flow radars and leaves room for it to be re-rated as its profitability catches up with its scale.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ₹293 | first publication | ₹244 |
Answered from L&T Finance Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| LTF.NS L&T Finance Limited | ₹237.50 | - | - | 17.9x | 12.3% | 72 | 67 |
| OMF OneMain Holdings Inc. Common Stock | $57.11 | $73 | 22% below | 8.6x | 23.3% | 77 | 53 |
| EDEN.PA Edenred SE | €26.57 | €40 | 33% below | 12.6x | 0.0% | 55 | 62 |
| CACC Credit Acceptance Corporation Common Stock | $558.90 | $814 | 31% below | 12.0x | 31.9% | 82 | 75 |
| LU Lufax Holding Ltd American Depositary Shares each representing two (2) Ordinary Shares | $0.84 | - | - | - | -2.3% | 34 | 31 |
| SBICARD.NS SBI Cards and Payment Services Limited | ₹566.30 | - | - | 22.8x | - | 61 | 55 |
| FCFS FirstCash Holdings Inc. Common Stock | $184.78 | $144 | 28% above | 18.7x | 17.4% | 67 | 66 |
Where LTF.NS ranks against its sector peers on each metric.