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Shriram Finance Ltd

Company details

1,249.95
1,283.75
1,002.50
1,509.25
6M Return -7.31%
1Y Return -0.40%
Mkt Cap.(Cr) 47,891.09
Volume 8,270
Div Yield 1.13%
OI
-
OI Chg %
-
Volume 8,270

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Shriram Finance Ltd.

Q3FY23 Quarterly Result Announced for Shriram Finance Ltd.

NBFC firm Shriram Finance announced Q3FY23 results:

  • Standalone Q3FY23:
    • The net interest income stood at Rs 4,427.88 crore as against Rs 2,387.97 crore in the same period last year.
    • Profit after tax stood at Rs 1,776.97 crore as against Rs 680.62 crore in the same period last year.
    • Earnings per share (basic) stood at Rs 47.46 as against Rs 25.26 in the same period last year.
  • Standalone 9MFY23:
    • Net interest income stood at Rs 12,517.18 crore as against Rs 6,688.24 crore in the same period last year.
    • Profit after tax stood at Rs 4,671.03 crore as against Rs 1,621.80 crore in the same period last year.
    • Earnings per share (basic) stands at Rs 124.75 as against Rs 61.26 in the same period last year.
  • Consolidated Q3FY23:
    • Net interest income stood at Rs 4,511.42 crore vs Rs 2,387.97 crore in the same period last year.
    • Net profit stood at Rs 1,801.66 crore as against Rs 686.02 crore in the same period last year.
    • EPS (basic) was Rs 48.27 as compared to Rs 25.46 in the same period last year.
  • Consolidated 9MFY23:
    • Net interest income stood at Rs 12,738.87 crore as against Rs 6,688.24 crore in the same period last year.
    • Profit after tax was at Rs 4,731.85 crore as against Rs 1,629.87 crore in the same period last year.
    • EPS (basic) was Rs 126.53 vs Rs 61.57 in the same period last year.

Result PDF

View Other Company Results

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 26,094.26 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

Shriram Finance Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 03, 2023 l NSE Announcement

Shriram Finance Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 01, 2023 l NSE Announcement

Board Meeting for Today

Jan 31, 2023 l Board Meetings for Today

Date Action Type Ratio
Jan 03, 2023 Dividend 150
Mar 11, 2022 Dividend 120
Nov 09, 2021 Dividend 80

INFORMATION

Stock PE (TTM)

8.81

Promoter Holding

25.24%

Book Value

751.1792

ROCE

9.9%

ROE

11.33%

Description

  • Shriram Transport Finance Company Ltd (STFC) is a 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 a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old trucks. It has a pan-India presence with a network of 1,,854 branches, and employs 25,456 employees including 19,475 business team. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc. Shriram Transport Finance Company Ltd was incorporated on June 30, 1978 as a public limited company. The company was formed with a view to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In the 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. The Board of Directors of the Company in its meeting held on December 13, 2021 have approved a Composite Scheme of Arrangement and Amalgamation, which inter-alia, involved amalgamation of Shriram Capital Limited (after de-merger of a few undertakings from the said Shriram Capital Limited) and Shriram City union Finance Limited (SCuF) with the Company ,which will be effective upon receipt of approval of shareholders, creditors, Hon`ble National Company Law Tribunal, Reserve Bank of India and other regulatory and statutory approvals as applicable with an appointed date of April 01, 2022. 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.

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.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

ICICIdirect Shriram Finance Ltd FAQ

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 03, 2023 04:01 PM the closing price of Shriram Finance Ltd was ₹ 1,279.05.
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 03, 2023 04:01 PM, the market cap of Shriram Finance Ltd stood at ₹ 47,891.09.
The latest PE ratio of Shriram Finance Ltd as of Feb 03, 2023 04:01 PM is 8.81
The latest PB ratio of Shriram Finance Ltd as of Feb 03, 2023 04:01 PM is 0.59
The 52-week high of Shriram Finance Ltd is ₹ 1,509.25 while the 52-week low is ₹ 1,002.50

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