Shriram Finance Ltd

Shriram Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shriram Finance Ltd

₹ 2,802 -0.80%
21 Nov - close price
stfc.in BSE: 511218 NSE: SHRIRAMFIN
About

Business Overview
Shriram Transport Finance Company Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It's a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers. [1]

Key Points

About[1]
Shriram Finance Limited, the flagship company of the Shriram group, is a major player in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking, and Distribution. Co. is India’s largest retail asset financing NBFC, founded in 1979. Specializing in catering to Small Road Transport Operators and small business owners, it's a leader in organized financing of pre-owned commercial vehicles and two-wheelers.

Website BSE NSE
  • Market Cap ₹ 1,05,365 Cr.
  • Current Price ₹ 2,802
  • High / Low ₹ 3,652 / 1,934
  • Stock P/E 13.5
  • Book Value ₹ 1,387
  • Dividend Yield 1.61 %
  • ROCE 11.3 %
  • ROE 15.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 22.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.8%

Cons

  • Company has low interest coverage ratio.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 4,698 4,828 5,082 6,998 7,409 7,609 7,756 8,003 8,556 8,922 9,484 9,592 10,090
Interest 2,435 2,397 2,404 2,952 3,234 3,118 3,242 3,488 3,622 3,707 3,990 4,129 4,350
1,194 1,477 1,299 2,190 2,034 2,052 2,273 2,141 2,454 2,634 2,710 2,648 2,836
Financing Profit 1,069 953 1,379 1,857 2,141 2,439 2,241 2,374 2,480 2,581 2,783 2,815 2,903
Financing Margin % 23% 20% 27% 27% 29% 32% 29% 30% 29% 29% 29% 29% 29%
5 4 6 5 10 3 13 5 9 5 14 5 7
Depreciation 33 35 35 54 54 58 358 132 137 147 153 153 159
Profit before tax 1,041 923 1,351 1,808 2,096 2,384 1,896 2,248 2,352 2,440 2,644 2,667 2,752
Tax % 26% 26% 20% 26% 26% 25% 31% 25% 26% 25% 26% 26% 25%
771 681 1,086 1,339 1,555 1,777 1,308 1,675 1,751 1,818 1,946 1,981 2,071
EPS in Rs 28.69 25.16 40.15 49.50 57.49 47.46 34.94 44.70 46.65 48.41 51.78 52.69 55.09
Gross NPA % 7.82% 8.40% 7.07% 6.27% 6.31% 6.29% 6.21% 6.03% 5.79% 5.66% 5.45% 5.39% 5.32%
Net NPA % 4.18% 4.36% 3.67% 3.32% 3.32% 3.20% 3.19% 2.96% 2.80% 2.72% 2.70% 2.71% 2.64%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 6,553 7,880 8,637 10,290 10,829 13,357 15,536 16,561 17,422 19,255 29,787 34,973 38,088
Interest 2,908 3,963 4,420 5,087 5,220 6,411 7,564 8,313 9,089 9,773 12,601 14,871 16,176
1,620 2,068 2,341 3,388 3,652 3,252 4,171 4,683 4,932 5,816 8,492 9,874 10,828
Financing Profit 2,024 1,849 1,876 1,814 1,956 3,693 3,801 3,565 3,402 3,666 8,694 10,228 11,083
Financing Margin % 31% 23% 22% 18% 18% 28% 24% 22% 20% 19% 29% 29% 29%
11 8 7 3 2 145 20 14 14 18 15 25 31
Depreciation 18 29 41 36 34 36 43 141 137 135 524 569 613
Profit before tax 2,016 1,828 1,842 1,781 1,924 3,802 3,778 3,439 3,278 3,549 8,185 9,684 10,502
Tax % 33% 31% 33% 34% 35% 35% 32% 27% 24% 24% 27% 26%
1,361 1,264 1,238 1,178 1,257 2,461 2,564 2,502 2,487 2,708 5,979 7,190 7,816
EPS in Rs 53.78 49.95 48.91 46.55 49.68 97.22 101.30 98.85 88.11 100.10 159.69 191.34 207.97
Dividend Payout % 12% 13% 18% 19% 18% 10% 11% 5% 18% 20% 22% 24%
Compounded Sales Growth
10 Years: 16%
5 Years: 18%
3 Years: 26%
TTM: 19%
Compounded Profit Growth
10 Years: 19%
5 Years: 23%
3 Years: 42%
TTM: 20%
Stock Price CAGR
10 Years: 11%
5 Years: 20%
3 Years: 21%
1 Year: 42%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 15%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 227 227 227 227 227 227 227 227 253 271 374 376 376
Reserves 6,968 8,046 9,011 9,927 11,075 13,349 15,609 17,778 21,315 25,662 42,932 48,193 51,760
31,002 35,925 44,276 49,791 53,110 82,131 87,914 94,735 106,546 114,846 157,906 185,841 207,820
6,261 5,038 5,813 8,018 9,993 1,539 1,542 1,389 1,647 1,328 2,451 2,866 3,118
Total Liabilities 44,458 49,235 59,327 67,963 74,405 97,245 105,292 114,129 129,761 142,106 203,664 237,276 263,073
60 101 101 101 86 122 147 489 437 418 3,327 3,287 3,215
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 66 -0 -0
Investments 3,569 2,725 3,327 1,356 1,547 2,341 3,999 2,798 3,198 6,809 8,565 10,657 11,433
40,829 46,410 55,899 66,506 72,772 94,782 101,146 110,841 126,126 134,879 191,706 223,332 248,425
Total Assets 44,458 49,235 59,327 67,963 74,405 97,245 105,292 114,129 129,761 142,106 203,664 237,276 263,073

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-7,003 -3,778 -9,906 -7,906 -2,707 -13,160 -5,535 -2,464 -4,239 -8,859 -15,841 -27,653
-40 -67 -42 -20 -1 103 -76 -55 -25 -34 5,037 -238
7,686 4,688 8,124 5,241 3,046 13,017 5,550 4,579 12,226 8,505 9,647 24,399
Net Cash Flow 642 843 -1,824 -2,685 338 -40 -62 2,060 7,962 -388 -1,157 -3,492

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 21% 16% 14% 12% 12% 19% 17% 15% 13% 11% 17% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
26.06% 26.45% 29.30% 29.37% 25.29% 25.51% 25.48% 25.45% 25.43% 25.42% 25.41% 25.40%
53.15% 53.88% 49.97% 50.65% 45.55% 49.78% 55.36% 54.67% 53.97% 53.90% 54.28% 53.29%
15.20% 13.99% 15.22% 14.53% 11.13% 11.74% 14.66% 15.17% 15.77% 15.69% 15.24% 16.21%
5.59% 5.68% 5.51% 5.47% 18.04% 12.96% 4.49% 4.71% 4.83% 5.00% 5.07% 5.07%
No. of Shareholders 97,8991,00,92693,37992,2541,00,20399,21292,22796,8731,07,2541,18,0311,26,5291,40,680

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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