Shriram Finance

₹2360.9 -89.3 | 3.6%

WEBSITE BSE:511218 NSE : SHRIRAM TRAN 09 May, 15:59

Market Cap ₹88721 Cr.

Stock P/E 12.0

P/B 1.8

Current Price ₹2360.9

Book Value ₹ 1302.5

Face Value 10

52W High ₹2658

Dividend Yield 1.91%

52W Low ₹ 1306.6

Edit Ratio

Shriram Finance Research see more...

Overview Inc. Year: 1979Industry: Finance - NBFC

Shriram Transport Finance Company Limited is an asset financing non-banking finance employer. The Company is engaged in the enterprise of financing industrial vehicles. It also presents loans for equipment and different commercial enterprise purposes. The Company is primarily engaged within the business of financing section. It offers various merchandise consisting of commercial vehicles, loans, deposits, enterprise loans, working capital loans, and life insurance. The Company offers to lend for heavy-duty vehicles; medium, intermediate light-duty vehicles; pickup vehicles and mini vans; passenger vehicles; farm system, and system. The Company offers services to comparable asset classes (pre-owned and new commercial and passenger automobiles, tractors, three-wheelers) and ancillary services, inclusive of finance for working capital, credit cards,engine substitute, invoice discounting, and tire-loans as holistic financing support.

Shriram Finance Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Shriram Finance Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	4828	5082	7133	7582	7795	7966	8287	8884	9301	9904
Other Income	4	6	5	10	3	13	5	9	5	14
Total Income	4832	5088	7138	7592	7798	7980	8293	8893	9306	9918
Total Expenditure	1477	1299	2233	2082	2082	2341	2223	2549	2748	2819
Operating Profit	3355	3789	4905	5510	5717	5639	6069	6344	6557	7099
Interest Expense	2397	2404	3026	3329	3241	3361	3633	3798	3893	4197
Depreciation	35	35	56	57	61	427	135	141	152	159
Profit Before Tax	923	1351	1823	2124	2415	1851	2301	2404	2513	2743
Provision for Tax	243	264	473	548	615	566	589	615	640	725
Profit After Tax	681	1086	1350	1576	1800	1285	1711	1789	1872	2018
Adjustments	5	5	0	0	-1	0	-6	-3	-6	-10
Profit After Adjustments	686	1091	1351	1576	1799	1285	1705	1786	1866	2009
Adjusted Earnings Per Share	25.4	40.3	49.9	42.1	48	34.3	45.5	47.6	49.7	53.5

Shriram Finance Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	7014	8476	9177	10359	10903	13467	15529	16555	17420	19255	30477	36376
Other Income	3	4	3	3	2	62	103	21	26	25	33	33
Total Income	7018	8480	9180	10362	10904	13529	15632	16576	17446	19280	30509	36410
Total Expenditure	1740	2244	2781	3447	3713	3305	4245	4681	4940	5818	8699	10339
Operating Profit	5277	6236	6398	6915	7192	10225	11387	11895	12506	13462	21810	26069
Interest Expense	3092	4233	4706	5088	5219	6416	7566	8315	9091	9777	12996	15521
Depreciation	23	33	43	38	35	37	43	141	137	135	601	587
Profit Before Tax	2163	1970	1650	1789	1938	3896	3778	3439	3278	3549	8214	9961
Provision for Tax	699	613	621	606	672	1349	1214	937	791	841	2202	2569
Profit After Tax	1464	1358	1028	1184	1266	2546	2564	2502	2487	2708	6011	7390
Adjustments	-0	0	0	0	0	3	12	10	12	13	-0	-25
Profit After Adjustments	1463	1358	1028	1184	1266	2549	2576	2512	2499	2721	6011	7366
Adjusted Earnings Per Share	62.9	58.3	44.2	50.8	54.4	109.5	110.6	107.9	98.7	100.6	160.5	196.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	58%	23%	18%	16%
Operating Profit CAGR	62%	22%	16%	15%
PAT CAGR	122%	34%	19%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	75%	21%	19%	12%
ROE Average	17%	14%	15%	15%
ROCE Average	12%	11%	11%	12%

Shriram Finance Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	7338	8510	9266	10175	11332	13690	15963	18142	21717	26094	43513
Minority's Interest	0	0	0	0	0	0	0	0	0	0	287
Borrowings	20043	23962	32856	30269	33699	76932	82966	92316	105479	114013	163743
Current Liability	19102	19262	19444	26503	27736	11062	6275	4652	2364	2544	8321
Other Liabilities & Provisions	4075	4495	5077	6059	7298	2459	3052	3082	4883	5019	5961
Total Liabilities	50558	56229	66642	73006	80064	104144	108256	118192	134443	147669	221825
Loans	21143	23607	32323	42850	47131	90746	96751	102232	108303	116665	178685
Investments	304	400	824	1223	1468	2456	4126	2936	3347	6971	7430
Fixed Assets	72	155	154	152	134	120	145	487	435	416	3711
Other Loans	2143	2704	2716	2528	2614	2605	3121	3286	5485	5957	8550
Other Non Current Assets	32	32	27	11	5	20	16	7	5	5	154
Current Assets	26864	29331	30598	26242	28713	8196	4095	9243	16866	17653	23292
Total Assets	50558	56229	66642	73006	80064	104144	108256	118192	134443	147669	221825

Shriram Finance Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3841	4502	5345	3526	805	1132	1091	1029	3089	11051	10662
Cash Flow from Operating Activities	-8359	-4055	-9611	-5507	-2677	-13142	-5535	-2464	-4239	-8859	-17625
Cash Flow from Investing Activities	-42	-112	-45	-36	-1	91	-76	-55	-25	-34	-193
Cash Flow from Financing Activities	9060	5010	7836	2822	3017	13014	5550	4579	12226	8505	11820
Net Cash Inflow / Outflow	660	843	-1819	-2721	338	-37	-62	2060	7962	-388	-5999
Closing Cash & Cash Equivalent	4502	5345	3526	805	1143	1091	1029	3089	11051	10662	9933

Shriram Finance Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	62.85	58.32	44.17	50.83	54.35	109.46	110.61	107.89	98.74	100.59	160.54
CEPS(Rs)	63.85	59.72	46.02	52.45	55.85	110.93	111.95	113.5	103.72	105.1	176.59
DPS(Rs)	7	7	10	10	10	11	12	5	18	20	35
Book NAV/Share(Rs)	314.14	364.3	396.92	436.53	486.5	587.92	685.51	779.11	858.19	964.6	1156.77
Net Profit Margin	20.87	16.02	11.21	11.43	11.61	18.91	16.51	15.11	14.28	14.06	19.72
Operating Margin	74.91	73.19	69.25	66.39	65.64	76.57	73.05	71	71	69.21	69.59
PBT Margin	30.83	23.25	17.97	17.27	17.78	28.93	24.33	20.77	18.82	18.43	26.95
ROA(%)	3.25	2.54	1.67	1.7	1.65	2.76	2.41	2.21	1.97	1.92	3.25
ROE(%)	21.98	17.19	11.6	12.2	11.78	20.36	17.29	14.67	12.48	11.33	17.32
ROCE(%)	14.83	14.13	12.33	11.87	11.51	12.87	11.36	10.86	10.29	9.93	12.18
Price/Earnings(x)	10.79	12.75	24.58	18.28	19.32	12.82	11.22	5.99	14.4	11.28	7.85
Price/Book(x)	2.16	2.04	2.74	2.13	2.16	2.39	1.81	0.83	1.66	1.18	1.09
Dividend Yield(%)	1.01	0.92	0.9	1.05	0.93	0.76	0.94	0.75	1.27	1.76	2.78
EV/Net Sales(x)	6.1	5.76	7.32	6.67	6.7	8.25	7.27	6.17	7.22	6.69	6.4
EV/Core EBITDA(x)	8.11	7.83	10.5	9.99	10.16	10.87	9.91	8.58	10.05	9.57	8.94
Interest Earned Growth(%)	13.53	20.83	8.27	12.88	5.25	23.52	15.31	6.61	5.22	10.53	58.28
Net Profit Growth	11.85	-7.24	-24.26	15.09	6.93	101.2	0.69	-2.42	-0.58	8.87	122
EPS Growth(%)	11.54	-7.22	-24.26	15.09	6.93	101.4	1.05	-2.46	-8.47	1.87	59.6
Interest Coverage(x) %	1.7	1.47	1.35	1.35	1.37	1.61	1.5	1.41	1.36	1.36	1.63

Shriram Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	26.06	26.45	29.3	29.37	25.29	25.51	25.48	25.45	25.43	25.42
FII	53.15	53.88	49.97	50.64	42.9	49.78	55.36	54.67	53.96	53.89
DII	15.21	13.99	15.23	14.52	11.13	11.74	14.66	15.17	15.78	15.69
Public	5.59	5.68	5.51	5.47	20.68	12.97	4.5	4.71	4.83	5
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.05	7.16	7.93	7.95	9.47	9.55	9.55	9.55	9.55	9.55
FII	14.38	14.57	13.52	13.7	16.06	18.64	20.75	20.52	20.27	20.25
DII	4.11	3.78	4.12	3.93	4.17	4.4	5.5	5.69	5.93	5.9
Public	1.51	1.54	1.49	1.48	7.74	4.86	1.69	1.77	1.81	1.88
Others	0	0	0	0	0	0	0	0	0	0
Total	27.05	27.05	27.05	27.05	37.44	37.44	37.48	37.53	37.56	37.58

Pros

Cons

Promoter holding is low: 25.42%.
Company has a low return on equity of 14% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.