{"id":310049,"date":"2026-10-15T11:25:08","date_gmt":"2026-10-15T05:55:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=310049"},"modified":"2026-10-15T11:25:08","modified_gmt":"2026-10-15T05:55:08","slug":"farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/","title":{"rendered":"3 Farm Equipment Lender, Gold Loan and Power Funding Stocks With a Strong Future Roadmap: L&#038;T Finance, IIFL Finance and REC Limited"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>L&amp;T Finance Rs 258.80, P\/E 20.15. IIFL Finance Rs 594.85, P\/E 10.93. REC Rs 311.80, P\/E 4.82. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Farm equipment lender, gold loan and power funding stocks with the clearest long-term roadmaps today include L&amp;T Finance in rural, farm equipment, two-wheeler and small business loans along with housing and infrastructure finance, IIFL Finance in home loans, gold loans, business loans and microfinance and REC in lending to power generation, transmission, distribution and renewable energy projects. FY26 revenue growth was 12.4% at L&amp;T Finance, 30.6% at IIFL Finance and 5.7% at REC. P\/E stands at 20.15 for L&amp;T Finance (industry 17.72), 10.93 for IIFL Finance (industry 17.72) and 4.82 for REC (industry 17.72). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Farm equipment lender, gold loan and power funding stocks give investors exposure to loans that help rural borrowers, households and power projects. Loan growth, funding costs and asset quality decide how much of that demand turns into profit.<\/p>\n<p>This list covers three farm equipment lender, gold loan and power funding stocks: L&amp;T Finance for rural, farm equipment, two-wheeler and small business loans along with housing and infrastructure finance, IIFL Finance for home loans, gold loans, business loans and microfinance and REC Limited for lending to power generation, transmission, distribution and renewable energy projects. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#What_Are_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks\" title=\"What Are Farm Equipment Lender, Gold Loan and Power Funding Stocks?\">What Are Farm Equipment Lender, Gold Loan and Power Funding Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_at_a_Glance\" title=\"Farm Equipment Lender, Gold Loan and Power Funding Stocks at a Glance\">Farm Equipment Lender, Gold Loan and Power Funding Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Why_Do_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Farm Equipment Lender, Gold Loan and Power Funding Stocks Have a Strong Roadmap in India?\">Why Do Farm Equipment Lender, Gold Loan and Power Funding Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#L_T_Finance_Rural_and_Retail_Lending_Drive_the_Pipeline\" title=\"L&amp;T Finance: Rural and Retail Lending Drive the Pipeline\">L&amp;T Finance: Rural and Retail Lending Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#IIFL_Finance_Gold_Home_and_Business_Loans_Build_the_Next_Leg\" title=\"IIFL Finance: Gold, Home and Business Loans Build the Next Leg\">IIFL Finance: Gold, Home and Business Loans Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\" title=\"REC Limited: Power Sector Financing Anchors the Roadmap\">REC Limited: Power Sector Financing Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Best_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_in_India_L_T_Finance_vs_IIFL_Finance_vs_REC_on_Key_Financials\" title=\"Best Farm Equipment Lender, Gold Loan and Power Funding Stocks in India: L&amp;T Finance vs IIFL Finance vs REC on Key Financials\">Best Farm Equipment Lender, Gold Loan and Power Funding Stocks in India: L&amp;T Finance vs IIFL Finance vs REC on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#How_to_Evaluate_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Farm Equipment Lender, Gold Loan and Power Funding Stocks to Buy Before You Invest\">How to Evaluate Farm Equipment Lender, Gold Loan and Power Funding Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Risks_to_Consider_Before_Investing_in_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks\" title=\"Risks to Consider Before Investing in Farm Equipment Lender, Gold Loan and Power Funding Stocks\">Risks to Consider Before Investing in Farm Equipment Lender, Gold Loan and Power Funding Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#FAQs_on_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks\" title=\"FAQs on Farm Equipment Lender, Gold Loan and Power Funding Stocks\">FAQs on Farm Equipment Lender, Gold Loan and Power Funding Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Which_are_the_best_farm_equipment_lender_gold_loan_and_power_funding_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best farm equipment lender, gold loan and power funding stocks in India with a strong roadmap?\">Which are the best farm equipment lender, gold loan and power funding stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Is_L_T_Finance_a_good_stock_to_buy_now\" title=\"Is L&amp;T Finance a good stock to buy now?\">Is L&amp;T Finance a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#What_is_the_PE_ratio_of_L_T_Finance_IIFL_Finance_and_REC\" title=\"What is the P\/E ratio of L&amp;T Finance, IIFL Finance and REC?\">What is the P\/E ratio of L&amp;T Finance, IIFL Finance and REC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Which_of_these_farm_equipment_lender_gold_loan_and_power_funding_stocks_has_the_highest_return_on_equity\" title=\"Which of these farm equipment lender, gold loan and power funding stocks has the highest return on equity?\">Which of these farm equipment lender, gold loan and power funding stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#What_are_the_risks_of_investing_in_farm_equipment_lender_gold_loan_and_power_funding_stocks\" title=\"What are the risks of investing in farm equipment lender, gold loan and power funding stocks?\">What are the risks of investing in farm equipment lender, gold loan and power funding stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#How_did_L_T_Finance_IIFL_Finance_and_REC_perform_in_Q1_FY27\" title=\"How did L&amp;T Finance, IIFL Finance and REC perform in Q1 FY27?\">How did L&amp;T Finance, IIFL Finance and REC perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#Do_farm_equipment_lender_gold_loan_and_power_funding_stocks_pay_dividends\" title=\"Do farm equipment lender, gold loan and power funding stocks pay dividends?\">Do farm equipment lender, gold loan and power funding stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/farm-equipment-lender-gold-loan-and-power-funding-stocks-roadmap-spotlight-list\/#How_can_I_invest_in_farm_equipment_lender_gold_loan_and_power_funding_stocks_in_India\" title=\"How can I invest in farm equipment lender, gold loan and power funding stocks in India?\">How can I invest in farm equipment lender, gold loan and power funding stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks\"><\/span><strong>What Are Farm Equipment Lender, Gold Loan and Power Funding Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Farm equipment lender, gold loan and power funding stocks are shares of companies that lend to households, small businesses and projects. Results depend on loan growth, funding costs and asset quality, so asset quality and funding costs separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_at_a_Glance\"><\/span><strong>Farm Equipment Lender, Gold Loan and Power Funding Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three farm equipment lender, gold loan and power funding stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ltf\/lt-finance-holdings-ltd-share-price-today\">L&amp;T Finance<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">258.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">64,440<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.15<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.65%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.94<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/iifl\/iifl-holdings-ltd-share-price-today\">IIFL Finance<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">594.85<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24,646<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.93<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.93%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/recltd\/rec-ltd-share-price-today\">REC Limited<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">311.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">77,364<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.05<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among lending stocks, L&amp;T Finance trades at a premium to the industry P\/E, while IIFL Finance and REC trade at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Farm Equipment Lender, Gold Loan and Power Funding Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Farm equipment lender, gold loan and power funding stocks have a strong roadmap in India because rural credit demand, retail borrowing and power sector investment keep adding customers for these lenders. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Rural credit:<\/strong> Farm and vehicle buyers rely on formal lenders.<\/li>\n<li><strong>Retail credit:<\/strong> Households seek home and gold loans for large needs.<\/li>\n<li><strong>Power investment:<\/strong> Generation and grid projects need long-term funds.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"L_T_Finance_Rural_and_Retail_Lending_Drive_the_Pipeline\"><\/span><strong>L&amp;T Finance: Rural and Retail Lending Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L&amp;T Finance&#8217;s roadmap rests on rural, farm equipment, two-wheeler and small business loans along with housing and infrastructure finance, with a retail-focused loan mix supporting the growth plan.<\/p>\n<p>Revenue grew from Rs 12,323.55 crore in FY22 to Rs 17,917.03 crore in FY26, a 45.4% rise, and FY26 revenue was 12.4% higher than FY25. FY26 net profit rose 12.8% to Rs 2,982.87 crore. Over four years, net profit rose from Rs 849.23 crore in FY22 to Rs 2,982.87 crore. In Q1 FY27, revenue grew 23.1% to Rs 5,243.31 crore, and net profit rose 30.7% to Rs 915.99 crore.<\/p>\n<p>Debt to equity is 3.94 and return on equity is 10.65%. L&amp;T Finance paid a dividend of Rs 2.75 per share for FY26, a yield of 1.07%. At a P\/E of 20.15 against an industry P\/E of 17.72, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 20.15 is a modest premium to the industry P\/E of 17.72, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IIFL_Finance_Gold_Home_and_Business_Loans_Build_the_Next_Leg\"><\/span><strong>IIFL Finance: Gold, Home and Business Loans Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>IIFL Finance&#8217;s roadmap rests on gold loans, home loans and business loans across a large branch network, with a retail-focused loan mix supporting growth.<\/p>\n<p>Revenue grew from Rs 7,023.61 crore in FY22 to Rs 13,373.83 crore in FY26, a 90.4% rise, and FY26 revenue was 30.6% higher than FY25. FY26 net profit was Rs 1,816.70 crore. In Q1 FY27, revenue grew 32.5% to Rs 3,921.88 crore.<\/p>\n<p>Debt to equity is 5.01 and return on equity is 11.93%. IIFL Finance paid a dividend of Rs 4 per share for FY26, a yield of 0.69%. At a P\/E of 10.93 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 10.93 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\"><\/span><strong>REC Limited: Power Sector Financing Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>REC&#8217;s roadmap rests on financing for power and infrastructure projects across generation, transmission and distribution, with the build-out of the power grid supporting loan demand.<\/p>\n<p>Revenue grew from Rs 39,339.20 crore in FY22 to Rs 59,628.35 crore in FY26, a 51.6% rise, and FY26 revenue was 5.7% higher than FY25. FY26 net profit rose 2.7% to Rs 16,308.17 crore. Over four years, net profit rose from Rs 10,035.70 crore in FY22 to Rs 16,308.17 crore.<\/p>\n<p>Debt to equity is 6.05 and return on equity is 19.17%. At a P\/E of 4.82 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 4.82 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_in_India_L_T_Finance_vs_IIFL_Finance_vs_REC_on_Key_Financials\"><\/span><strong>Best Farm Equipment Lender, Gold Loan and Power Funding Stocks in India: L&amp;T Finance vs IIFL Finance vs REC on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best farm equipment lender, gold loan and power funding stocks in India, L&amp;T Finance leads on the lowest debt to equity; IIFL Finance leads on FY26 revenue growth; REC leads on return on equity and the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">L&amp;T Finance<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">IIFL Finance<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">REC<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17,917.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13,373.83<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59,628.35<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,982.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,816.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,308.17<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.65%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.93%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.15<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.93<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.82<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.94<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.01<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.05<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Lender earnings follow loan growth, funding costs and asset quality, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Farm Equipment Lender, Gold Loan and Power Funding Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen farm equipment lender, gold loan and power funding stocks and shortlist farm equipment lender, gold loan and power funding stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 17.72 for all three here.<\/li>\n<li>Check loan growth, asset quality and capital adequacy together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these farm equipment lender, gold loan and power funding stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks\"><\/span><strong>Risks to Consider Before Investing in Farm Equipment Lender, Gold Loan and Power Funding Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Asset quality:<\/strong> A rise in overdue loans can reduce profit.<\/li>\n<li><strong>Funding costs:<\/strong> Changes in borrowing costs can move spreads.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track L&amp;T Finance, IIFL Finance and REC live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three lending stocks cover rural finance, gold and home loans and power financing. L&amp;T Finance leads on the lowest debt to equity; IIFL Finance leads on FY26 revenue growth; REC leads on return on equity and the lowest P\/E.<\/p>\n<p>Across farm equipment lender, gold loan and power funding stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the farm equipment lender, gold loan and power funding stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Farm_Equipment_Lender_Gold_Loan_and_Power_Funding_Stocks\"><\/span><strong>FAQs on Farm Equipment Lender, Gold Loan and Power Funding Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_farm_equipment_lender_gold_loan_and_power_funding_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best farm equipment lender, gold loan and power funding stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&amp;T Finance, IIFL Finance and REC Limited stand out for their roadmaps in rural finance, gold and home loans and power financing. FY26 revenue growth was 12.4% at L&amp;T Finance, 30.6% at IIFL Finance and 5.7% at REC, and return on equity ranges from 10.65% to 19.17%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_L_T_Finance_a_good_stock_to_buy_now\"><\/span><strong>Is L&amp;T Finance a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&amp;T Finance has a debt to equity ratio of 3.94, a return on equity of 10.65% and a P\/E of 20.15 against an industry P\/E of 17.72. Valuation, asset quality and funding costs move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_L_T_Finance_IIFL_Finance_and_REC\"><\/span><strong>What is the P\/E ratio of L&amp;T Finance, IIFL Finance and REC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 20.15 for L&amp;T Finance (industry 17.72), 10.93 for IIFL Finance (industry 17.72) and 4.82 for REC (industry 17.72). Only L&amp;T Finance trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_farm_equipment_lender_gold_loan_and_power_funding_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these farm equipment lender, gold loan and power funding stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> REC Limited has the highest return on equity at 19.17%, followed by IIFL Finance at 11.93% and L&amp;T Finance at 10.65%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_farm_equipment_lender_gold_loan_and_power_funding_stocks\"><\/span><strong>What are the risks of investing in farm equipment lender, gold loan and power funding stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are asset quality, funding costs and quarterly trends. A rise in overdue loans can reduce profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_L_T_Finance_IIFL_Finance_and_REC_perform_in_Q1_FY27\"><\/span><strong>How did L&amp;T Finance, IIFL Finance and REC perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&amp;T Finance reported revenue of Rs 5,243.31 crore, up 23.1% year on year, and net profit rose 30.7% to Rs 915.99 crore. IIFL Finance reported revenue of Rs 3,921.88 crore, up 32.5% year on year. REC Limited reported .<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_farm_equipment_lender_gold_loan_and_power_funding_stocks_pay_dividends\"><\/span><strong>Do farm equipment lender, gold loan and power funding stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> L&amp;T Finance and IIFL Finance pay dividends. The dividend yield is 1.07% for L&amp;T Finance and 0.69% for IIFL Finance, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_farm_equipment_lender_gold_loan_and_power_funding_stocks_in_India\"><\/span><strong>How can I invest in farm equipment lender, gold loan and power funding stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy farm equipment lender, gold loan and power funding stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best farm equipment lender, gold loan and power funding stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"L&T Finance, IIFL Finance and REC Limited stand out for their roadmaps in rural finance, gold and home loans and power financing. FY26 revenue growth was 12.4% at L&T Finance, 30.6% at IIFL Finance and 5.7% at REC, and return on equity ranges from 10.65% to 19.17%.\"}},{\"@type\":\"Question\",\"name\":\"Is L&T Finance a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"L&T Finance has a debt to equity ratio of 3.94, a return on equity of 10.65% and a P\/E of 20.15 against an industry P\/E of 17.72. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>L&#038;T Finance, IIFL Finance and REC Limited compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":36,"featured_media":310048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[12273,12274,12275,5895,11236],"class_list":["post-310049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-farm-equipment-lender","tag-gold-loan-and-power-funding-stocks","tag-gold-loan-and-power-funding-stocks-to-buy","tag-iifl-finance","tag-rec-limited"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["310048"],"rank_math_title":["Farm Equipment Lender, Gold Loan and Power Funding Stocks"],"rank_math_description":["Farm equipment lender, gold loan and power funding stocks with a strong roadmap: L&amp;T Finance, IIFL Finance and REC compared on growth, valuation and risks."],"rank_math_focus_keyword":["farm equipment lender, gold loan and power funding stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-farm-equipment-lender-gold-loan-and-power-funding-stocks-with-a-strong-future.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=310049"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310049\/revisions"}],"predecessor-version":[{"id":310050,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/310049\/revisions\/310050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/310048"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=310049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=310049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=310049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}