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Shriram Finance Ltd share Price Today

Company details

2,447.95
2,535.00
1,190.00
2,535.00
6M Return 34.17%
1Y Return 107.04%
Mkt Cap.(Cr) 93,340.99
Volume 1,197,803
Div Yield 1.43%
OI
-
OI Chg %
-
Volume 1,197,803

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Non-banking Financial company Shriram Finance announced Q3FY24 & 9MFY24 results:

Standalone Q3FY24:
- Net Interest Income (NII): Rs 5,093.93 crore, a 15.04% increase from the previous year's Rs 4,427.88 crore.
- Profit After Tax (PAT): Rs 1,818.34 crore, up by 2.33% from the prior year's figure of Rs 1,776.97 crore.
- Earnings Per Share (EPS - Basic): Rs 48.42, a growth of 2.02% from the previous year's Rs 47.46.

Standalone 9MFY24:
- Net Interest Income (NII): Rs 14,350.79 crore, marking a 14.65% increase from Rs 12,517.18 crore in the previous year.
- Profit After Tax (PAT): Rs 5,244.62 crore, a 12.28% rise from Rs 4,671.03 crore recorded in the same period last year.
- Earnings Per Share (EPS - Basic): Rs 139.83, up by 12.09% from Rs 124.75.

Consolidated Q3FY24:
- Net Interest Income: Rs 5,274.91 crore, an increase of 16.93% from Rs 4,511.35 crore last year.
- Net Profit: Rs 1,873.59 crore, growing by 3.99% from Rs 1,801.66 crore in the same quarter of the previous year.
- Earnings Per Share (EPS - Basic): Rs 49.70, up by 2.96% from Rs 48.27.

Consolidated 9MFY24:
- Net Interest Income: Rs 14,824.22 crore, representing a 16.42% growth from Rs 12.733.81 crore.
- Net Profit: Rs 5,377.61 crore, increasing by 13.65% from Rs 4,731.85 crore.
- Earnings Per Share (EPS - Basic): Rs 142.84, a 12.89% increase from Rs 126.53.

Interim Dividend:
- An interim dividend of Rs 10/- per share (100%) has been declared.

Assets Under Management (AUM - Standalone) as of December 31, 2023:
- Total AUM stands at Rs 2,14,233.47 crore, up by 20.70% from Rs 1,77,498.02 crore a year ago and from Rs 2,02,640.96 crore as of September 30, 2023.

 

 

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Shriram Finance Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Increasing Revenue every Quarter for the past 4 Quarters

Weakness (4)

  • Promoter holding decreased by more than -2% QoQ
  • Companies with High Debt
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increase in Provisions in Recent Results

Resistance and support

R1 2,530.8
R2 2,576.4
R3 2,617.8
Pivot

2,489.37

S1 2,443.7
S2 2,402.3
S3 2,356.7
EMA SMA
2,385.0
2,281.8
2,145.8
1,948.3
2,399.2
2,261.4
2,105.6
1,907.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS ARBITRAGE Bulk Purchase 2024-01-25 2311 1 BSE
BNP PARIBAS ARBITRAGE Bulk Sell 2024-01-25 2302.45 3041407 BSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Purchase 2024-01-25 2302.45 1798111 BSE
Name Category Shares
SANLAM LIFE INSURANCE LIMITED PROMOTER 2.01%
SHRIRAM CAPITAL PRIVATE LIMITED PROMOTER 17.88%
SHRIRAM VALUE SERVICES LIMITED PROMOTER 3.46%
SHRIRAM OWNERSHIP TRUST PROMOTER 2.09%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Profit after Tax
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Shriram Finance Ltd Stocks COMPARISON

Financials( in Cr) Shriram Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 2,485.15 6,643.25 1,614.30 327.80 152.30
% Change 1.62 -0.82 -0.14 -1.84 -0.59
Mcap Cr 93,340.99 410,568.13 257,559.79 208,260.65 199,033.35
Revenue TTM Cr 30,491.67 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 6,011.47 11,507.69 12,209.54 31.25 6,337.01
PE TTM 14.06 29.78 33.01 0.00 32.98
1 Year Return 107.04 7.11 19.85 31.70 448.83
ROCE 12.14 11.76 12.69 0.03 5.32
ROE 17.27 23.46 28.18 0.02 14.66
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 43,512.86 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,379.14 -4,951.04
LAST 3M 64,932.94 -24,615.54
LAST 6M 121,084.62 11,204.74
LAST 12M 182,696.87 179,009.17
Shriram Finance Limited - Other General Purpose

Feb 23, 2024 l NSE Announcement

Shriram Finance Limited - Loss of Share Certificates

Feb 22, 2024 l NSE Announcement

Shriram Finance Limited - Loss of Share Certificates

Feb 21, 2024 l NSE Announcement

Date Action Type Ratio
Feb 06, 2024 Dividend 100
Nov 06, 2023 Dividend 200
Jun 16, 2023 Dividend 200

Shriram Finance Ltd Information

Stock PE (TTM)
14.06
Promoter Holding
25.43%
Book Value
1232.5203
ROCE
12.14%
ROE
17.27%
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
Website : http://www.shriramfinance.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 Feb 26, 2024 03:57 PM the closing price of Shriram Finance Ltd was ₹ 2,485.15.

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 Feb 26, 2024 03:57 PM, the market cap of Shriram Finance Ltd stood at ₹ 93,340.99.

The latest PE ratio of Shriram Finance Ltd as of Feb 26, 2024 03:57 PM is 14.06

The latest PB ratio of Shriram Finance Ltd as of Feb 26, 2024 03:57 PM is 0.50

The 52-week high of Shriram Finance Ltd is ₹ 2,535.00 while the 52-week low is ₹ 1,190.00

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