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O 2398.5

H 2398.5

L 2398.5

VOL 292

Shriram Finance Performance

Days Range

Low: ₹2,388.10
High: ₹2,457.00
Previous Close ₹2,395.20
Open ₹2,398.50
Volume 11,44,640
Day’s Range ₹2,388.10 - ₹2,457.00
52W Range ₹1,190.00 - ₹2,496.55
Market Cap ₹90,055 Cr

Fundamentals of Shriram Finance

ROCE (TTM) 10.42%
P/E Ratio (TTM) 13.56
P/B Ratio 1.94
Industry P/E 18.82
Debt to Equity 3.77
ROE 14.2%
EPS (TTM) 176.81
Dividend Yield 1.46%
Book Value 1,233
Face Value 10

Financials of Shriram Finance

Mar 2023Jun 2023Sep 2023Dec 2023
Expenses6,129.015,995.386,488.836,793.15
Profit before tax1,850.742,300.562,404.162,512.6
Operating Profit1,285.041,711.141,789.271,872.37
Net Profit1,285.041,711.141,789.271,872.37
EPS in Rs34.0145.5347.6149.7

About Shriram Finance

About Shriram Finance Ltd

Shriram Finance is one of the country’s biggest retail NBFCs, offering credit solutions for commercial vehicles, two-wheeler, car, home, gold, and personal and small business loans. It was established in 1979 as Shriram Transport Finance Company Limited (STFC). In 1984, the same year, the company launched its IPO, listing its shares on the BSE. In 1990, the company received investment from Telco & Ashok Leyland. The company continued operational growth and received investment from ChrysCapital in 2005 and TPG in 2006. STFC commenced financing construction equipment in 2010.

In 2013, the company’s Asset Under Management (AUM) crossed ₹500 billion. In 2017-18, the company sold its controlling stake of 55.44% in its wholly-owned subsidiary, Shriram Automall India Limited (SAMIL), to MXC Solutions India Private Limited.

In November 2022, Shriram Transport Finance Company Limited, Shriram Capital Limited and Shriram City Union Finance Limited merged to form Shriram Finance Limited. The company believes that the merger will bring significant transformations, primarily from cross-selling loan and insurance products.

Furthermore, the merged company will benefit from decreased funding prices and running costs, such as enhanced worker efficiency and reduced client acquisition expenses. The company owns a network of 2,975 branches and a workforce of 71,373. Shriram Finance has combined Assets Under Management (AUM) worth ₹ 2.02 lakh crore as of September 30, 2023.

Business Segments

  • Personal Segment: Under this segment, the company provides Two-wheeler loans, gold loans, personal loans and used car loans.
  • Business Segment: The company provides commercial vehicle loans, working capital loans and business loans.
  • Deposits:  Under this segment, the company accept fixed deposits and provides fixed investment plans.

Subsidiary

As of March 31, 2023, the company Shriram Housing Finance Limited is the only subsidiary which is engaged in the business housing finance solutions.

Key Personnel

Mr. Y. S. Chakravarti, Managing Director

Mr. Y. S. Chakravarti is currently the Managing Director (MD) of the company. Mr Y S Chakravarti commenced his career in Shriram Chits Pvt. Ltd., Andhra Pradesh, in June 1991 as an Executive Trainee and rose to the position of Chief Executive of the Organisation by 1998. He joined Shriram City Union Finance Limited (SCUF) in 2008 as Executive Director. In 2010, he was elevated to the position of Chief Operating Officer (COO). He became the Managing Director and CEO of SCUF in 2019.

Corporate Actions

The company has no history of bonus issues of shares, stock splits, or other corporate actions.

Financial Highlights for FY 2022-23

  • During the year, the MSME loan and two-wheeler loan segments witnessed meaningful growth.
  • It achieved strong financial growth through a higher NIM of 8.37%
  • The company’s credit fundamentals were reinstated through strong credit ratings received from multiple credit rating agencies.

Management Outlook

  • The company has established medium-term and long-term strategies to drive the achievement of its corporate goals over the next 3-5 years. The growth strategies revolve around periodic business plan reviews and effective liquidity management.
  • The company is focused on collaborating business operations and expanding the product range across branches, as well as implementing SuperApp.
Parent Organisation Shriram Group
Founded 1979
Managing Director Jugal Kishore Mohapatra
NSE Symbol SHRIRAMFIN

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Bajaj Holdings & Investment Ltd ₹96,547.97

8765

81.10 (0.93%)

8559.05 - 8800
Power Finance Corporation Ltd ₹137,185.23

412.9

2.70 (-0.65%)

411.25 - 419.5
Bajaj Finance Ltd ₹412,465.51

6696.35

21.40 (0.32%)

6632.6 - 6719
Indian Railway Finance Corporation Ltd ₹198,771.98

153.2

1.00 (0.66%)

152.7 - 156.4
Cholamandalam Investment & Finance Company Ltd ₹90,834.01

1105.4

22.95 (2.12%)

1079.1 - 1109.7

What's Trending

FAQs

What is the Share price of Shriram Finance (SHRIRAMFIN)?

Shriram Finance (SHRIRAMFIN) share price as of February 23, 2024, on NSE is Rs 2,443.00 (NSE) and Rs 2,446.10 (BSE) on BSE.

Can I buy Shriram Finance (SHRIRAMFIN) shares?

Yes, You can buy Shriram Finance (SHRIRAMFIN) shares by opening a Demat account with Angel One.

How do I buy Shriram Finance (SHRIRAMFIN) from Angel One?

Shriram Finance (SHRIRAMFIN) share can be brought through the following modes:
  1. Direct investment: You can buy Shriram Finance (SHRIRAMFIN) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Shriram Finance (SHRIRAMFIN) shares.

Is Shriram Transport Finance a Debt free Company?

No, Shriram Transport Finance is not a debt free company.

What is the main business of Shriram Transport Finance?

The main business of Shriram Transport Finance is to provide financing for commercial vehicles, car loans, two-wheeler loans, gold loans, home loans, small business loans, and personal loans. It has merged with Shriram Capital Limited and Shriram City Union Finance Limited to become Shriram Finance.

Who are the promoters of Shriram Transport Finance?

Some of the main promoters of Shriram Transport Finance are Shriram Financial Ventures (Chennai) Private Limited, Shriram Value Services Limited, Sanlam Life Insurance Limited, and Shriram Ownership Trust.

What are the Subsidiaries that comes under Shriram Transport Finance?

The subsidiaries that come under Shriram Properties include Global Entropolis (Vizag) Pvt Ltd, Shrivision Homes Pvt Ltd, Shriprop Constructors Pvt Ltd, Shriram Properties and Infrastructure, SPL Realtors, SPL Constructors, Shriprop Structures, SPL Shelters, Shriprop Homes, SPL Housing Projects, Shriprop Builders and Shriram Mall Infrastructure.