9.05%L and T Finance Holdings Limited 15 Apr 2027
ISIN:
INE027E07AL1
Taxable
Tax Category
15 Apr, 2027
Maturity Date
(2 Yr 6 Mo 22 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
15 Apr, 2019
Allotment Date
NA
Put Date
15 Apr, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
L&T Finance Holdings Limited
L&T Finance Limited (LTFL) was originally incorporated as Apeejay Finance Group Ltd. in 1993. In September 2006, Societe Generale Consumer Finance, a division of Societe Generale Group, France, acquired 45% stake in the company and gradually increased its stake to 100% by October 2007. Subsequently, the company’s name was changed to Family Credit Limited (FCL). In December 2012, LTFHL, the flagship holding company for the financial services of the L&T Group, acquired 100% shareholding in FCL. During March 2017, L&T Finance Limited and L&T FinCorp Limited amalgamated with Family Credit Limited. The amalgamated entity was renamed as L&T Finance Limited. Since 2023, L&T Finance Limited (“LTFL”), L&T Infra Credit Limited (“LTICL”), and L&T Mutual Fund Trustee Limited (“LTMFTL”) have merged with L&T Finance Holdings Limited (“LTFHL”)
The ratio in FY24 is 8.73x and it was 9.52x in FY23, indicating decrease in the debt level due to decrease in the borrowings as well as finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.56x and it was 1.44x in FY22, indicating increase in issuers debt servicing ability, majorly due to decrease in interest on debt securities and Interest on subordinated liabilities which led to overall decrease in finance cost.
Interest coverage ratio
Recent News
Retail book size at Rs 61,053 crore, up 35%.
Jun 01, 2023 | L&T Finance Holdings Limited
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