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- REC - L&T FINANCE HOLDINGS
REC vs L&T FINANCE HOLDINGS - Comparison Results
Current Valuations
| REC | L&T FINANCE HOLDINGS | REC/ L&T FINANCE HOLDINGS |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 8.5 | 18.4 | 46.5% | View Chart |
| P/BV | x | 1.9 | 1.9 | 102.9% | View Chart |
| Dividend Yield | % | 3.0 | 1.2 | 238.3% |
Financials
 REC  L&T FINANCE HOLDINGS |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| REC Mar-23 |
L&T FINANCE HOLDINGS Mar-23 |
REC/ L&T FINANCE HOLDINGS |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 128 | 98 | 130.7% | |
| Low | Rs | 82 | 66 | 124.7% | |
| Income per share (Unadj.) | Rs | 149.9 | 51.5 | 291.0% | |
| Earnings per share (Unadj.) | Rs | 42.4 | -2.6 | -1,637.7% | |
| Cash flow per share (Unadj.) | Rs | 59.8 | 30.6 | 195.2% | |
| Dividends per share (Unadj.) | Rs | 12.60 | 2.00 | 630.0% | |
| Avg Dividend yield | % | 12.0 | 2.4 | 491.2% | |
| Book value per share (Unadj.) | Rs | 220.7 | 86.3 | 255.9% | |
| Shares outstanding (eoy) | m | 2,633.22 | 2,479.67 | 106.2% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Avg Price / Income ratio | x | 0.7 | 1.6 | 44.1% | |
| Avg P/E ratio | x | 2.5 | -31.7 | -7.8% | |
| Avg P/CF ratio | x | 2.5 | -32.8 | -7.6% | |
| Avg Price/Bookvalue ratio | x | 0.5 | 1.0 | 50.1% | |
| Dividend payout | % | 29.7 | -77.2 | -38.5% | |
| Avg Mkt Cap | Rs m | 277,377 | 203,643 | 136.2% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages & salary | Rs m | 2,041 | 14,059 | 14.5% | |
| Avg. income/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Interest income | Rs m | 394,783 | 127,750 | 309.0% | |
| Other income | Rs m | 419 | 33,759 | 1.2% | |
| Interest expense | Rs m | 237,413 | 58,222 | 407.8% | |
| Net interest income | Rs m | 157,369 | 69,527 | 226.3% | |
| Operating expense | Rs m | 18,569 | 80,867 | 23.0% | |
| Gross profit | Rs m | 138,800 | -11,340 | -1,224.0% | |
| Gross profit margin | % | 35.2 | -8.9 | -396.1% | |
| Provisions/contingencies | Rs m | 86 | 209 | 41.1% | |
| Profit before tax | Rs m | 138,977 | -5,565 | -2,497.2% | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Minority Interest | Rs m | 0 | 868 | 0.0% | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Tax | Rs m | 27,307 | 1,724 | 1,584.2% | |
| Profit after tax | Rs m | 111,670 | -6,421 | -1,739.1% | |
| Net profit margin | % | 28.3 | -5.0 | -562.8% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Advances | Rs m | 4,220,839 | 751,546 | 561.6% | |
| Deposits | Rs m | 0 | 0 | - | |
| Credit/Deposit ratio | x | 0 | 0 | - | |
| Yield on advances | % | 0 | 0 | - | |
| Cost of deposits | % | 0 | 0 | - | |
| Net Interest Margin | % | 3.5 | 7.7 | 45.2% | |
| Net fixed assets | Rs m | 6,408 | 2,410 | 265.9% | |
| Share capital | Rs m | 31,916 | 24,797 | 128.7% | |
| Free reserves | Rs m | 549,289 | 189,077 | 290.5% | |
| Net worth | Rs m | 581,205 | 213,873 | 271.8% | |
| Borrowings | Rs m | 191,227 | 252,490 | 75.7% | |
| Investments | Rs m | 305,381 | 152,282 | 200.5% | |
| Total assets | Rs m | 4,648,926 | 1,045,011 | 444.9% | |
| Debt/equity ratio | x | 0.3 | 1.2 | 27.9% | |
| Return on assets | % | 2.4 | -0.6 | -390.9% | |
| Return on equity | % | 19.2 | -3.0 | -640.0% | |
| Capital adequacy ratio | % | 25.8 | 24.5 | 105.1% | |
| Net NPAs | % | 1.0 | 0 | - | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | -373,598 | 74,905 | -498.8% | |
| From Investments | Rs m | -9,430 | -11,070 | 85.2% | |
| From Financial Activity | Rs m | 381,228 | -16,638 | -2,291.3% | |
| Net Cashflow | Rs m | -1,799 | 41,927 | -4.3% | |
Share Holding
| Indian Promoters | % | 52.6 | 65.9 | 79.9% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 34.8 | 19.7 | 176.3% | |
| FIIs | % | 20.6 | 11.0 | 186.6% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 47.4 | 34.1 | 138.8% | |
| Shareholders | 689,192 | 711,555 | 96.9% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare REC With: BAJAJ FINANCE BAJAJ HOLDINGS & INVESTMENT CHOLAMANDALAM INVEST SBI CARDS TATA INVESTMENT
More on REC vs L&T FINANCE
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
REC vs L&T FINANCE Share Price Performance
| Period | REC | L&T FINANCE |
|---|---|---|
| 1-Day | -0.72% | -0.12% |
| 1-Month | -0.87% | 9.48% |
| 1-Year | 246.70% | 83.45% |
| 3-Year CAGR | 65.36% | 22.06% |
| 5-Year CAGR | 30.96% | 4.25% |
* Compound Annual Growth Rate
Here are more details on the REC share price and the L&T FINANCE share price.
Moving on to shareholding structures...
The promoters of REC hold a 52.6% stake in the company. In case of L&T FINANCE the stake stands at 65.9%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of REC and the shareholding pattern of L&T FINANCE.
Finally, a word on dividends...
In the most recent financial year, REC paid a dividend of Rs 12.6 per share. This amounted to a Dividend Payout ratio of 29.7%.
L&T FINANCE paid Rs 2.0, and its dividend payout ratio stood at -77.2%.
You may visit here to review the dividend history of REC, and the dividend history of L&T FINANCE.
For a sector overview, read our finance sector report.
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