{"id":11908,"date":"2017-08-26T13:55:07","date_gmt":"2017-08-26T08:25:07","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=11908"},"modified":"2017-08-28T14:28:48","modified_gmt":"2017-08-28T08:58:48","slug":"lt-finance-holdings-ltd-2","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/lt-finance-holdings-ltd-2\/11908","title":{"rendered":"L&#038;T Finance Holdings Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Strong growth momentum to sustain\u2026<\/strong><\/p>\n<p style=\"text-align: justify;\">L&amp;T Finance Holdings Ltd. (LTFH) is a financial holding company offering a diverse range of financial products and services across retail, corporate, housing and infrastructure finance sectors. It also has presence in asset management and investment management services.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #3ba010; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\"><strong>Valuation:<\/strong> The company reported steady performance across business segments in Q1FY18. Notably, LTFH has shown commendable progress on its well-articulated strategy since FY17. We believe that it is well on track to achieve top quartile RoE (16% by FY19E). Although the stock has seen strong runup in the last one year, the market will continue to rerate it further given the company\u2019s focus on strengthening the balance sheet and improving operating efficiency along with rundown of non-core segments. Hence, we continue to maintain BUY rating on the stock with a target price (TP) of Rs200 valuing it using SOTP methodology. The valuation corresponds to P\/ABV of 4.0x for FY19E for consolidated entity.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/08\/Research-Report-LT-Finance-Holdings-Ltd-1.pdf\">Research Report L&amp;T Finance Holdings Ltd (1)<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong growth momentum to sustain\u2026 L&amp;T Finance Holdings Ltd. (LTFH) is a financial holding company offering a diverse range of financial products and services across retail, corporate, housing and infrastructure finance sectors. It also has presence in asset management and investment management services. Open a FREE Account Now! Valuation: The company reported steady performance across [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>L&amp;T Finance Holdings Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on L&amp;T Finance Holdings Ltd. 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