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Shriram Finance Ltd share Price Today

Company details

2,789.35
2,875.85
1,760.10
3,059.45
6M Return 30.74%
1Y Return 63.12%
Mkt Cap.(Cr) 105,629.78
Volume 735,543
Div Yield 1.60%
OI
-
OI Chg %
-
Volume 735,543

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Non-banking financial company Shriram Finance announced Q4FY24 & FY24 results:

Consolidated Q4FY24:

  • Net Interest Income increased by 22.27% to Rs 5,543.47 crore compared to Rs 4,533.63 crore in Q4FY23.
  • Net Profit surged by 56.91% to Rs 2,021.28 crore from Rs 1,288.18 crore recorded in Q4FY23.
  • Earnings per Share (basic) rose by 57.22% to Rs 53.47 compared to Rs 34.01 recorded in Q4FY23.
  • Total Assets under Management as of March 31, 2024, increased by 21.10% and stood at Rs 2,24,861.98 crore as compared to Rs 1,85,682.86 crore as of March 31, 2023, and Rs 2,14,233.47 crore as of December 31, 2023.

Standalone Q4FY24:

  • Net Interest Income increased by 20.02% to Rs 5,336.06 crore compared to Rs 4,445.89 crore in Q4FY23.
  • Profit after tax rose by 48.73% to Rs 1,945.87 crore from Rs 1,308.31 crore in Q4FY23.
  • Earnings per share (basic) surged by 48.23% to Rs 51.79 compared to Rs 34.94 in Q4FY23.

Consolidated FY24:

  • Net Interest Income increased by 17.92% to Rs 20,367.67 crore from Rs 17,272.51 crore for FY23.
  • Profit after tax grew by 22.90% to Rs 7,398.89 crore from Rs 6,020.03 crore recorded in FY23.
  • Earnings per Share (basic) for the year ended March 31, 2024, increased by 22.29% to Rs 196.32 compared to Rs 160.54 recorded in FY23.
  • The Board of Directors has recommended a final dividend of Rs 15/- per equity share of the nominal face value of Rs 10/- each fully paid up i.e. 150%, for FY24

Standalone FY24:

  • Net Interest Income increased by 16.06% to Rs 19,686.85 crore from Rs 16,963.07 crore for FY23.
  • Profit after tax grew by 20.26% to Rs 7,190.48 crore from Rs 5,979.34 crore recorded in FY23.
  • Earnings per share (basic) increased by 20.00% to Rs 191.63 from Rs 159.69 recorded in FY23.

Result PDF

View Other Company Results

Shriram Finance Ltd shares SWOT Analysis

Strengths (12)

  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (4)

  • Companies with High Debt
  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Decrease in Provision in recent results

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,861.4
R2 2,911.9
R3 2,947.9
Pivot

2,825.35

S1 2,774.9
S2 2,738.9
S3 2,688.4
EMA SMA
2,800.4
2,682.4
2,546.1
2,334.0
2,855.7
2,615.1
2,524.6
2,307.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS FINANCIAL MARKETS Block Purchase 2024-06-18 2732.15 1467822 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Sell 2024-06-18 2732.15 1467822 NSE
BNP PARIBAS FINANCIAL MARKETS Block Purchase 2024-06-14 2684.3 1467823 NSE
Name Category Shares
SHRIRAM CAPITAL PRIVATE LIMITED PROMOTER 17.86%
SHRIRAM VALUE SERVICES LIMITED PROMOTER 7.12%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Profit after Tax
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P BV

Shriram Finance Ltd Stocks COMPARISON

Financials( in Cr) Shriram Finance Ltd Bajaj Finance Ltd Indian Railway Finance Corporation Ltd Bajaj Finserv Ltd Jio Financial Services Ltd
Price 2,810.85 6,932.30 205.77 1,640.25 338.75
% Change 1.76 -1.74 1.01 3.65 -2.64
Mcap Cr 105,629.78 429,106.60 268,910.65 261,700.08 215,217.50
Revenue TTM Cr 36,388.26 54,971.56 23,891.95 110,382.29 44.84
Net Profit TTM Cr 7,391.11 14,451.17 6,337.01 15,595.36 31.25
PE TTM 14.32 29.68 41.90 32.09 135.48
1 Year Return 63.12 -7.98 524.49 2.66 36.10
ROCE 11.30 11.92 5.32 13.15 0.03
ROE 15.99 22.05 14.66 29.22 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 48,947.11 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,613.00 45,166.00
LAST 3M 98,140.76 59,688.15
LAST 6M 181,004.26 50,573.11
LAST 12M 306,939.06 86,273.69
Shriram Finance allots NCDs aggregating Rs 221.50 cr

Jul 19, 2024 l BSE Announcement

Shriram Finance Limited - Loss of Share Certificates

Jul 19, 2024 l NSE Announcement

Shriram Finance Limited - Updates

Jul 16, 2024 l NSE Announcement

Date Action Type Ratio
Jul 23, 2024 Dividend 150
Feb 06, 2024 Dividend 100
Nov 06, 2023 Dividend 200

Shriram Finance Ltd Information

Stock PE (TTM)
14.32
Promoter Holding
25.42%
Book Value
1302.0942
ROCE
11.3%
ROE
15.99%
Description
  • Shriram Finance Limited (formerly known as Shriram Transport Finance Company Limited) is the flagship company of Shriram Group, a diversified group with interests in financial services viz. Commercial vehicle finance, Consumer Finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. The Company is primarily engaged in the business of financing commercial vehicles, passenger vehicles, construction equipment, farm equipment, micro, small and medium enterprises, two-wheelers, gold and personal loans. The Company is a leader in organised financing of pre-owned commercial vehicles and two-wheelers. It has vertically integrated business model and finances passenger vehicles, Construction Equipment, Farm Equipment, MSMEs Gold, Personal loan and Working Capital Loans, among others. Shriram Finance Limited was incorporated on June 30, 1978 as a Public Limited Company. The Company was formed to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In year 1993, the Company launched lease Portfolio Management Scheme and managed more than 100 crore of business through this Scheme. In March 1995, the company came out with a rights issue of 64.95 lakh equity shares aggregating Rs 6.49 crore. The issue was to augment long-term resources and working capital and to enhance the leverage ability of the company. In the span of 20 years, the company had fortified their presence in the market, on account of their focused business segment, a wide geographical coverage, an effective credit monitoring and appraisal system, which has resulted in high growth in business and profitability. During the year 2003-04, the company increased the windmills capacity from 4,450 kwh to 8,650 kwh for producing electricity. During the year 2005-06, the undertaking of Shriram Investments Ltd and Shriram Overseas Finance Ltd was amalgamated with the company with effect from the appointed date April 1, 2005. Also, they increased the windmills capacity from 8,650 kwh to 23,180 kwh. During the year 2006-07, the company made a tie up with UTI Bank for issue of co-branded credit cards, with several safety features, on the VISA platform, exclusively to the truck operators. Also, they entered into a shareholders` agreement with Ashok Leyland Ltd and their associates for purchase of 40% stake in Ashley Transport Services Ltd. In February 8, 2007, the company incorporated a 100% subsidiary, namely Shriram Powergen Ltd to deal with the windmill and the biomass projects of the company. During the year 2007-08, due to economic conditions and other business exigencies the company retained the business with them and disposed off their entire shareholding in their wholly-owned subsidiary company. During the year 2007-08, the company opened their own branches across 72 locations. They also extended their operations to financing of passenger commercial vehicles, second-hand tractors and construction equipment during the year. During the year 2008-09, the company opened 49 branches across India. They also strengthened their core knowledge verticals relating to product, Territory and Customer. During the year 2009-10, the company purchased hypothecated loan outstanding of CVs and construction equipment of GE Capital Services India and GE Capital Financial Services aggregating to approximately Rs 1,100 crore. They introduced touch screen kiosks (one Stop) as a replacement for their successful campaign - `truck Bazaars`. In June 22, 2009, the company acquired the entire paid up capital of Shriram Equipment Finance Pvt Ltd and consequently Shriram Equipment Finance Pvt Ltd became a 100% subsidiary of the company. But, they sold their entire investment of Rs 5 lakh during the year itself and consequently Shriram Equipment Finance Pvt Ltd ceased to be the subsidiary company. In December 15, 2009, the company incorporated a wholly owned subsidiary company namely, Shriram Equipment Finance Company Ltd and in February 11, 2010, they incorporated Shriram Automall India Ltd as a wholly owned subsidiary. In 2010, Shriram Transport Finance Company successfully raised Rs 584 crore through Qualified Institutional Placement with domestic and international investors. During the year, the company initiated financing of construction equipment. In 2011, Shriram Transport Finance Company introduced Shriram Automalls - a dedicated platform for trading of pre-owned trucks at a fair value. In 2013, Shriram Transport Finance Company`s assets under management crossed Rs 50000 crore. In 2015-16, global credit rating agency Fitch upgraded long term issuer ratings to `IND AA ` from `IND AA`. Another credit rating agency CRISIL upgraded its rating on long-term debt instruments and bank facilities, and fixed deposits of Shriram Transport Finance Company to `CRISIL AA /FAAA/Stable` from `CRISIL AA/FAA /Positive`. During the year, Shriram Equipment Finance Company Ltd (SEFCL), a wholly owned subsidiary of Shriram Transport Finance Company, was merged with Shriram Transport Finance Company. In 2016-17, Shriram Transport Finance Company successfully raised Rs 13.5 billion through issuance of `Masala Bonds` - Senior Secured Rupee Denominated Bonds` listed on Singapore Stock Exchange. On 24 January 2018, Shriram Transport Finance Company Limited (STFC), Shriram Automall India Limited (SAMIL) and MXC Solutions India Private Limited (CarTrade) entered into definitive agreements that will result in the combination of the two businesses creating India`s leading used vehicle platform. CarTrade, India`s leading online automotive business will acquire majority stake in Shriram Automall India Limited (SAMIL), India`s No.1 physical auction platform for pre-owned vehicles from STFC. SAMIL is a wholly owned subsidiary of STFC. CarTrade gets majority equity stake by paying Rs 156.37 crore to STFC as consideration for acquisition of shares of SAMIL. Further SAMIL will acquire 100% equity in Adroit Inspection Services Pvt. Ltd. from CarTrade by paying Rs 13 crore as consideration. During FY2019, the total Assets Under Management(AUM) had increased from Rs. 9,6252.98 crore to Rs. 104482.28 crore. During 2018-19, the Company securitised its assets worth Rs. 15123.05crore(accounting for 14.47% of the total assets under management as on 31 March 2019) as against Rs. 12467.16 crore during 2017-18. During the year 2018-19, the Company through Shelf Prospectus dated 22 June 2018 offered 5,00,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each to the Public for an amount aggregating upto Rs. 5,00,000 lacs pursuant to the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 as amended. The Company under the Shelf Prospectus and three Tranche Prospectuses issued and allotted 4,79,26,294 NCDs aggregating to Rs. 479,262.94 lacs. Utilisation of funds raised were as per the objects of the Public Issue of NCDs. The said NCDs are listed on the National Stock Exchange of India Limited and BSE Limited. During the FY2020, the total Assets Under Management had increased to Rs.109,749.24 crore from Rs.104,482.29 crore. During 2019-20, the Company securitized its assets worth Rs. 16,581.13 crore (accounting for 15.11 % of the total assets under management as on 31 March 2020) as against Rs. 15,123.06 crore during 2018-19. During the year 2019-20, the Company through Shelf Prospectus dated 09 July 2019 offered 10,00,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each to the Public for an amount aggregating up to Rs.10,000 crore. As on 31 March 2020, the company had a distribution network of 1758 network branches across the country. During the Financial Year 2020-21, the Company securitized its assets worth Rs. 13,622 crores of the total assets under management. During the Financial Year 2021-22, the Company securitized its assets worth Rs. 12,880.16 crores of the total assets under management. The outstanding direct assigned portfolio stood at Rs. 1,341.83 crores as on March 31, 2022. On June 12, 2021, the Company allotted 13,986,000 Equity Shares of face value Rs.10 each to eligible qualified institutional buyers at the Issue Price of Rs. 1,430/- per Equity Share (including a premium of Rs. 1,420/- per Equity Share), aggregating to Rs. 19,999,980,000/- under the QIP issue. During the year 2022-23, the amalgamation of Shriram Capital Limited (SCL) with its Remaining undertaking with Shriram Transport Finance Company Limited (the Holding Company) and amalgamation of Shriram City Union Finance Limited (SCUF) with its entire undertaking with the Company through Composite Scheme of Arrangement became effective from April 01, 2022 and accordingly, the name of the Company was changed from "Shriram Transport Finance Company Limited" to "Shriram Finance Limited" with effect from November 30, 2022. During the Financial Year 2022-23, the Company securitised its assets worth Rs. 16,965.25 crores (accounting for 9.14% of the total assets under management as on March 31, 2023).

Registered Address

Sri Towers No 14A South Phase, Indl Estate Guindy, Chennai, Tamil Nadu, 600032

Tel : 91-44-48524666
Email : secretarial:stfc.in; vivekmadhukar.a:stfc.in
Website : http://www.stfc.in
Registrar

Integrated Registry Mgt Servic

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 511218
NSE Code : SHRIRAMFIN
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE721A01013

FAQ’s on Shriram Finance Ltd Shares

You can buy Shriram Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shriram Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 19, 2024 03:54 PM the closing price of Shriram Finance Ltd was Rs.2,810.85.

The latest PE ratio of Shriram Finance Ltd as of Jul 19, 2024 03:54 PM is 14.32

The latest PB ratio of Shriram Finance Ltd as of Jul 19, 2024 03:54 PM is 0.46

The 52-week high of Shriram Finance Ltd share price is Rs. 3,059.45 while the 52-week low is Rs. 1,760.10

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 19, 2024 03:54 PM, the market cap of Shriram Finance Ltd stood at Rs. 105,629.78 Cr.

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