08-31-2023
INR/share | |
Price | 124.85 |
Dividend | 2.00 |
Earnings | 6.86 |
Cash-flow | 30.45 |
Book value | 89.18 |
Equity | 83.66 |
L&T Finance Holdings is part of Financial Services business, which is part of Financials industry. L&T Finance Holdings is a company from India, and his stocks are publicly traded.
L&T Finance Holdings stock dividend
L&T Finance Holdings paid a total dividend of 4,960 million INR last year, for a market value of 309,628 millions (Market Cap 104,694 millions). L&T Finance Holdings dividend per share is 2.00 INR, and his stock market price 124.85 INR.
According to the chart below, where dividend yield is displayed, L&T Finance Holdings has a dividend yield of 1.60%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Financials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
In addition, you should compare L&T Finance Holdings stocks dividend with other Financial Services companies or other of the best India dividend stocks list.
L&T Finance Holdings Dividend Payout
About the ability of L&T Finance Holdings to maintain his current dividend of INR 2.00 per share, an amount that accounts for 1.60%, we should study its payout ratio both on earnings and on cash-flows (see chart below). L&T Finance Holdings payout on ernings is currently 29.15%, which is lower than the market average and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures lead us to believe that there is confidence that L&T Finance Holdingscan maintain his current dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of L&T Finance Holdings is INR 30.45 per share, which is higher than the dividend per share paid by the company of INR 2.00, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of L&T Finance Holdings, compared againt world market average, India companies, Financials industry and Financial Services sector companies.
L&T Finance Holdings Dividend History
Below you will find a table with the historical evolution of L&T Finance Holdings's dividend stock, both in percentage and in INR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
Year | Yield | INR | Paypout | Shares* |
Present | 1.60% | 2.00 | 29.15% | 2,480 |
2022 | 0.57% | 0.50 | 10.89% | 2,474 |
2021 | 0.00% | 0.00 | 0.00% | 2,471 |
2020 | 2.03% | 1.90 | 17.24% | 2,005 |
2019 | 0.84% | 1.00 | 8.94% | 2,000 |
2018 | 0.66% | 1.01 | 14.64% | 1,996 |
2017 | 0.46% | 0.80 | 15.78% | 1,822 |
*In millions
L&T Finance Holdings Stock performance
Finally, last moth L&T Finance Holdings showed a return of -5.30% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 57.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Financial Services firms.