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Shriram Finance Ltd Performance

Today's Low
2,325.10
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Today's High
2,378.65
52 Wk Low
1,306.00
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52 Wk High
2,605.65


Open

2349.85

Traded Value (Cr)

227.05 Cr

Prev. Close

2371.45

VWAP

2352.41

Volume

13,58,237

Face Value

10

Shriram Finance Ltd Fundamentals

Market Cap
₹ 95,836 Cr
P/E Ratio (TTM)
14.43
P/B Ratio
2.07
Debt to Equity
3.77
ROE
14.20 %
EPS (TTM)
176.77
Dividend Yield
1.37%
Book Value
1,232.25

Click here to know more about Fundamentals

Shriram Finance Ltd Financials

Shriram Finance Ltd Financials

Shriram Finance Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
FII 53.89 % 53.96 % 54.67 % 55.36 %
Promoters 25.42 % 25.43 % 25.45 % 25.48 %
Mutual Funds 10.80 % 10.97 % 9.57 % 8.84 %
Others 5.97 % 5.82 % 6.70 % 6.78 %
Retail 3.92 % 3.82 % 3.61 % 3.53 %

FII

53.89%

Promoters

25.42%

Mutual Funds

10.80%

Others

5.97%

Retail

3.92%

FII

53.96%

Promoters

25.43%

Mutual Funds

10.97%

Others

5.82%

Retail

3.82%

FII

54.67%

Promoters

25.45%

Mutual Funds

9.57%

Others

6.70%

Retail

3.61%

FII

55.36%

Promoters

25.48%

Mutual Funds

8.84%

Others

6.78%

Retail

3.53%

Resistance and Support

₹2,438.57

PIVOT

resistance-arrow
Resistance
First Resistance₹2,469.083
Second Resistance₹2,523.517
Third Resistance₹2,554.033
support-arrow
Support
First Resistance₹2,384.133
Second Resistance₹2,353.617
Third Resistance₹2,299.183
RSI48.209
MACD62.736
ADX24.136
CCI-59.963

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,358,237626,12365.26
Week985,973659,22665.94
1 Month1,978,5001,274,99459.49
6 Months1,358,237655,38148.25

About Shriram Finance Ltd

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).

Managing Director

Y S Chakravarti

Founded

1979

NSE Symbol

SHRIRAMFIN

Shriram Finance Ltd Management

NameDesignation
S SridharNon-Exec. & Independent Dir.
D V RaviNon-Exec & Non-Independent Dir
Umesh RevankarExecutive Vice Chairman
Pradeep Kumar PanjaNon-Exec. & Independent Dir.
Ignatius Michael ViljoenNon-Exec & Non-Independent Dir
Y S ChakravartiManaging Director & CEO
Parag SharmaJoint Managing Director & CFO
Jugal Kishore MohapatraChairman & Independent Directo
Maya SinhaIndependent Director
U BalasundararaoCompany Sec. & Compli. Officer

Shriram Finance Ltd News

Shriram Finance Ltd slips for fifth straight session
Shriram Finance Ltd is quoting at Rs 2414.3, down 0.01% on the day as on 13:19 IST on the NSE. The stock jumped 82.71% in last one year as compared to a 24.77% rally in NIFTY and a 11.82% spurt in the Nifty Financial Services index.
Shriram Finance to convene board meeting
On 26 April 2024
Shriram Finance Ltd soars 2.77%, Gains for third straight session
Shriram Finance Ltd is quoting at Rs 2534.2, up 2.77% on the day as on 12:49 IST on the NSE. The stock is up 96.59% in last one year as compared to a 28.19% gain in NIFTY and a 15.63% gain in the Nifty Financial Services index.
Shriram Finance allots NCDs aggregating Rs 733 cr
On private placement basis
Shriram Finance allots 83,053 equity shares under ESOS
Shriram Finance allots NCDs aggregating Rs 271.1 cr
On 05 March 2024
Shriram Finance Ltd spurts 1.37%, gains for third straight session
Shriram Finance Ltd is quoting at Rs 2479, up 1.37% on the day as on 12:49 IST on the NSE. The stock is up 106.09% in last one year as compared to a 27.04% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services index.
Shriram Finance Ltd spurts 0.26%, up for fifth straight session
Shriram Finance Ltd is quoting at Rs 2455.7, up 0.26% on the day as on 12:44 IST on the NSE. The stock is up 98.49% in last one year as compared to a 24.19% jump in NIFTY and a 12.87% jump in the Nifty Financial Services.
Shriram Finance Ltd rises for third straight session
Shriram Finance Ltd is quoting at Rs 2391.9, up 3.67% on the day as on 12:49 IST on the NSE. The stock is up 92.3% in last one year as compared to a 22.9% jump in NIFTY and a 12.81% jump in the Nifty Financial Services index.
Shriram Finance hits record as PAT rises to Rs 1,818 cr in Q3
Shriram Finance advanced 3.45% to Rs 2,385.65 after the NBFC’s standalone net profit rose 2.33% to Rs 1,818.33 crore on 17.28% increase in total income to Rs 8,927.30 crore in Q3 FY24 over Q3 FY23.

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Shriram Finance Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Shriram Finance Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Shriram Finance Ltd's share price is ₹2,366.55 as of April 19, 2024

Shriram Finance Ltd's P/E ratio is 14.43 times as of April 19, 2024.

Shriram Finance Ltd's most recent financial reports indicate a price-to-book ratio of 2.07, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Shriram Finance Ltd's market is 95,837 Cr as on April 19, 2024.

The current financial records of Shriram Finance Ltd show a 14.20% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Shriram Finance Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Shriram Finance Ltd's 52-week high and low as of April 19, 2024 are ₹2378.65 and ₹2325.1 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Shriram Finance Ltd stands at 25.42%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 53.96% to 53.89%.