Riding retailization to deliver improved profitability

Company
28 Feb 2024
5 Min read 
  • L&T Fin.Holdings aims for a consolidated RoA/RoE of 2.7%/15% by FY26E.
  •  Retail loans have grown at a CAGR of around 25% for LTFH.
  •  The company has a strong presence in rural and urban finance.
  •  The wholesale book is expected to decline without impacting the P&L.
  •  L&T Fin.Holdings is expected to deliver a PAT CAGR of around 33% over FY23-FY26E.
  •  The stock has a target price of INR200 and a buy rating.
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