1. Shriram Finance
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90% Buy

Shriram Finance Share Price

SHRIRAMFIN

₹2,425.70+₹59.15 (2.50%) Past YearLast updated on 22 Apr, 2024 | 11:01 AM IST
₹2,374.00₹2,427.00
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Company overview

About

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Market cap

Market Cap Switch₹88,933 Cr

Open

₹2,390.00

Close

₹2,366.55

Circuit range

₹2,603.20 - ₹2,129.90

Day range

₹2,374.00 - ₹2,427.00

Year range

₹1,306.00 - ₹2,605.65

Volume

1,78,727

Avg. traded

₹2,399.69

Revenue (12m)

₹34,425 Cr

Shriram Finance

Founded in 1979, Shriram Finance is one of the largest players in the financial services sector. The non-banking finance company (NBFC) is primarily focused in the retail and business loan segments.

Shriram Finance Limited is a merged entity formed after the amalgamation of Shriram City Union Finance Limited (SCUF) and Shriram Capital Limited (SCL) with Shriram Transport Finance Company Limited (STFC) in 2021. The merged entity could cater to a larger customer base with the help of greater efficiencies in operations and better product servicing.

Initially, the company began its journey in 1979 as an NBFC with primary interest in asset financing. Today, Shriram Finance provides financing options for business and personal use as well as loans for cars, trucks, houses, gold and small businesses. It is a part of the Shriram Group, a 49-year-old diversified financial services conglomerate.

The company launched its initial public offering (IPO) in 1984. The company is listed on both BSE and National Stock Exchange (NSE).

The Market capitalisation of Shriram Finance Limited stood at over ₹90,600 crore as of February 7, 2024. Shriram Finance share price has surged over 74% in the last three years.

Shriram Finance business operations

The product portfolio of the company has become wider and more diverse following its amalgamation in the year 2021. Currently, the company’s product portfolio comprises commercial vehicle financing as the dominating segment (50.24%). This segment has Assets Under Management (AUM) worth ₹93,294.9 crore as of March 2023. The segment is characterised by features like competitive rates of interest, finance facility for new as well as used vehicles, flexible repayment tenures and terms and fast disbursals.

This segment is followed by passenger vehicles (18.24% of total portfolio), MSME (10.29% of total portfolio) and construction equipment (7.74% of total portfolio). The company’s other financing services comprise two-wheeler, gold, farm equipment loans. In the retail credit segment, the company primarily offers personal loans.

The company played a crucial role in propagating financial inclusion in the country by means of providing reasonably priced financing facility to first time buyers (FTBs) of commercial vehicles and to small road transport operators (SRTO).

Shriram Finance has a huge presence in rural areas and small towns across India. As per the 2022-23 annual report of the company, has a network of 2922 branches, 732 rural centres and an employee base of 64,052 workers. It also has entered into partnerships with more than 500 private financiers. The company caters to more than 73 lakh customers across the country.

Financial highlights

  • The company’s consolidated revenue from operations in FY23 stood at ₹30,476.78 crore, compared to ₹19,255 crore in FY22.
  • The company reported a net profit of ₹6,020 crore in FY23 as against ₹2,721 crore in FY22.
  • The company’s net interest income increased to ₹16,963 crore in FY23 as against ₹9,316 crore in FY22.
  • Its net interest margin (NIM) stood at 8.37% in FY23 compared to 6.62% in FY22.
  • The company’s earnings per share (EPS) stood at ₹160.54 in FY23 as against ₹102.59 in FY22.
  • In FY23, the company’s total Assets Under Management stood at ₹1,85,682.86 crore.

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Shriram Finance Key indicators

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52 week high

₹2,605.65

52 week low

₹1,306.00

P/E ratio

13.43

P/B ratio

1.85

ROE

17.32%

ROCE

12.17%

Dividend yield

1.48%

Debt/Equity ratio

3.66

EPS

159.69

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

90%

Hold

10%

Sell

0%

This analysis is based on the reviews of 31 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

71.59%

Net profit margin

20.08%

ROE

17.32%

ROA

3.3%

ROCE

12.17%

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Shriram Finance Shareholder returns

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1 day

-0.21%

1 week

-6.39%

1 month

+3.48%

3 months

+2.81%

1 year

+73.18%

3 years

+76.26%

5 years

+94.67%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Shriram Finance Share Price history

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DayOpenCloseDay’s change
Fri, Apr 19 2024
₹2,349.85
₹2,366.55
+0.71%
Thu, Apr 18 2024
₹2,419.90
₹2,371.45
-2.04%
Tue, Apr 16 2024
₹2,400.00
₹2,400.75
+0.03%
Mon, Apr 15 2024
₹2,493.00
₹2,414.65
-3.24%
Fri, Apr 12 2024
₹2,519.95
₹2,485.60
-1.38%
Wed, Apr 10 2024
₹2,559.95
₹2,528.05
-1.26%
Tue, Apr 9 2024
₹2,590.00
₹2,550.40
-1.55%
Mon, Apr 8 2024
₹2,542.95
₹2,569.20
+1.02%

Shareholding info

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Promoters (25.42%)

Mutual Funds (10.8%)

Retail and other (5%)

Foreign institutions-FII (53.9%)

Other domestic institutions (4.89%)

Foreign institutions-FII

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Events

Corporate actions

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  • Dividend • ₹10/share

    Ex date 06 Feb 2024

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  • Dividend • ₹20/share

    Ex date 06 Nov 2023

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  • Dividend • ₹20/share

    Ex date 16 Jun 2023

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  • Dividend • ₹15/share

    Ex date 03 Jan 2023

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  • Dividend • ₹12/share

    Ex date 11 Mar 2022

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  • Dividend • ₹8/share

    Ex date 09 Nov 2021

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Frequently asked questions