L&T Finance Long term Buy
Weekly Hidden Gem! (Source - ICICI) - 28 Sep 2024
L&T Finance Ltd (#LTF)
🛒CMP: ₹ 187.20
⭐️Rating: Buy
🎯Target Price: ₹ 225
🟢Market Cap: ₹ 46,613 crore
🔸 L&T Finance has achieved 95% retailization, driven by retail segment growth and a rundown of its wholesale book, improving yields and return ratios.
🔸 Management focuses on home loans & LAP, being selective in unsecured segments like personal loans and microfinance.
🔸 Target: Double AUM to ₹2 lakh crore by FY28, projecting 18-20% CAGR.
🔸 Margins have improved to 8.6%, with secured retail loans expected to keep margins steady.
🔸 RoAUM to reach ~2.9-3% by FY26, supporting a target price of ₹225 per share.
L&T Finance Ltd (#LTF)
🛒CMP: ₹ 187.20
⭐️Rating: Buy
🎯Target Price: ₹ 225
🟢Market Cap: ₹ 46,613 crore
🔸 L&T Finance has achieved 95% retailization, driven by retail segment growth and a rundown of its wholesale book, improving yields and return ratios.
🔸 Management focuses on home loans & LAP, being selective in unsecured segments like personal loans and microfinance.
🔸 Target: Double AUM to ₹2 lakh crore by FY28, projecting 18-20% CAGR.
🔸 Margins have improved to 8.6%, with secured retail loans expected to keep margins steady.
🔸 RoAUM to reach ~2.9-3% by FY26, supporting a target price of ₹225 per share.
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