Shriram Finance

₹2366.9 -4.8 | 0.2%

WEBSITE BSE:511218 NSE : SHRIRAM TRAN 18 May, 12:50

Market Cap ₹88960 Cr.

Stock P/E 12.1

P/B 1.8

Current Price ₹2366.9

Book Value ₹ 1292.2

Face Value 10

52W High ₹2658

Dividend Yield 1.9%

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

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Shriram Finance Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Operating Revenue	2712	3116	3259	3377	3545
Other Income	0	3	1	1	60
Total Income	2712	3119	3260	3378	3605
Total Expenditure	1206	854	935	941	558
Operating Profit	1507	2264	2324	2437	3048
Interest Expense	1268	1552	1560	1594	1669
Depreciation	8	8	9	9	10
Profit Before Tax	231	704	756	833	1508
Provision for Tax	81	244	259	292	546
Profit After Tax	150	460	497	542	962
Adjustments	-150	-460	-497	-542	-962
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	6.4	19.8	21.4	23.3	41.3

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	6558	7880	8637	10290	10829	13304	15529	16555	17420	19255	29772	13297
Other Income	7	8	8	4	2	63	103	21	26	25	31	65
Total Income	6565	7888	8645	10293	10831	13367	15632	16576	17446	19280	29803	13362
Total Expenditure	1623	2068	2341	3388	3653	3252	4245	4681	4940	5818	8491	3288
Operating Profit	4943	5820	6303	6905	7178	10116	11387	11895	12506	13462	21312	10073
Interest Expense	2908	3963	4420	5087	5220	6417	7566	8315	9091	9777	12603	6375
Depreciation	18	29	41	36	34	36	43	141	137	135	524	36
Profit Before Tax	2016	1828	1842	1781	1924	3802	3778	3439	3278	3549	8185	3801
Provision for Tax	656	564	605	603	667	1341	1214	937	791	841	2206	1341
Profit After Tax	1361	1264	1238	1178	1257	2461	2564	2502	2487	2708	5979	2461
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-2461
Profit After Adjustments	1361	1264	1238	1178	1257	2461	2564	2502	2487	2708	5979	0
Adjusted Earnings Per Share	58.4	54.3	53.2	50.6	54	105.7	110.1	107.4	98.3	100.1	159.7	105.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	55%	22%	17%	16%
Operating Profit CAGR	58%	21%	16%	16%
PAT CAGR	121%	34%	19%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	76%	18%	17%	10%
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	7195	8273	9238	10154	11302	13575	15836	18005	21568	25932	43307
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	19053	22712	31571	30270	33700	76932	82966	92316	105479	114013	157447
Current Liability	17447	17679	18207	26468	27714	11062	6263	4652	2364	2544	8203
Other Liabilities & Provisions	3974	4346	4658	6055	7294	2459	3064	3082	4883	5019	6035
Total Liabilities	47669	53010	63674	72947	80010	104029	108129	118055	134294	147507	214992
Loans	19394	21808	30682	42850	47131	90746	96751	102232	108303	116665	171985
Investments	592	690	1114	1252	1497	2341	3999	2798	3198	6809	8565
Fixed Assets	60	101	101	101	84	120	145	487	435	416	3324
Other Loans	2054	2711	2564	2519	2605	2559	3121	3353	5485	5957	8401
Other Non Current Assets	32	32	27	11	5	20	16	7	5	5	94
Current Assets	25537	27668	29186	26213	28688	8242	4095	9176	16866	17653	22621
Total Assets	47669	53010	63674	72947	80010	104029	108129	118055	134294	147507	214992

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	3827	4470	5313	3488	804	1131	1091	1029	3089	11051	10662
Cash Flow from Operating Activities	-7003	-3778	-9906	-7906	-2707	-13160	-5535	-2464	-4239	-8859	-15841
Cash Flow from Investing Activities	-41	-67	-42	-37	-1	103	-76	-55	-25	-34	-180
Cash Flow from Financing Activities	7686	4688	8124	5241	3046	13017	5550	4579	12226	8505	9647
Net Cash Inflow / Outflow	641	843	-1824	-2702	338	-40	-62	2060	7962	-388	-6375
Closing Cash & Cash Equivalent	4470	5313	3488	804	1142	1091	1029	3089	11051	10662	9505

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)	58.44	54.29	53.16	50.6	54	105.67	110.11	107.44	98.29	100.1	159.69
CEPS(Rs)	59.22	55.54	54.9	52.16	55.45	107.22	111.95	113.5	103.72	105.1	173.69
DPS(Rs)	7	7	10	10	10	11	12	5	18	20	35
Book NAV/Share(Rs)	308	354.13	395.75	435.62	485.24	582.98	680.08	773.22	852.3	958.61	1151.4
Net Profit Margin	20.75	16.04	14.33	11.45	11.61	18.49	16.51	15.11	14.28	14.06	20.08
Operating Margin	75.09	73.49	72.51	66.75	65.97	76.81	73.05	71	71	69.21	69.82
PBT Margin	30.74	23.2	21.33	17.31	17.77	28.58	24.33	20.77	18.82	18.43	27.49
ROA(%)	3.16	2.51	2.12	1.72	1.64	2.67	2.42	2.21	1.97	1.92	3.3
ROE(%)	20.71	16.4	14.18	12.17	11.73	19.78	17.44	14.79	12.57	11.4	17.32
ROCE(%)	14.64	14.07	12.83	12.11	11.49	12.76	11.38	10.88	10.3	9.94	12.17
Price/Earnings(x)	11.6	13.7	20.42	18.37	19.45	13.28	11.27	6.01	14.47	11.34	7.89
Price/Book(x)	2.2	2.1	2.74	2.13	2.16	2.41	1.82	0.84	1.67	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)	6.17	5.86	7.51	6.71	6.75	8.35	7.27	6.17	7.22	6.69	6.36
EV/Core EBITDA(x)	8.19	7.93	10.29	10	10.19	10.99	9.91	8.58	10.05	9.57	8.88
Interest Earned Growth(%)	11.36	20.16	9.6	19.14	5.24	22.86	16.72	6.61	5.22	10.53	54.62
Net Profit Growth	8.2	-7.09	-2.09	-4.82	6.72	95.69	4.2	-2.42	-0.58	8.87	120.81
EPS Growth(%)	7.94	-7.09	-2.09	-4.82	6.72	95.69	4.21	-2.42	-8.52	1.85	59.53
Interest Coverage(x) %	1.69	1.46	1.42	1.35	1.37	1.59	1.5	1.41	1.36	1.36	1.65

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.