Is Shriram Finance a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shriram Finance Ltd is a average quality company .

Is Shriram Finance undervalued or overvalued?

The key valuation ratios of Shriram Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Shriram Finance share price return in the past 10 years?

Shriram Finance Ltd share price has appreciated 10.5% annually (CAGR) over the past ten years.

Is Shriram Finance a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shriram Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Shriram Finance Ltd - Stock Valuation and Financial Performance

Name: Shriram Finance
Brand: Shriram Finance

BSE: 511218 | NSE: SHRIRAMFIN | Finance - NBFC | Large Cap

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Shriram Finance Share Price

₹2,801.65 -22.80 -0.81%
as on 21-Nov'24 16:00

10 Year X-Ray of Shriram Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Operating Income (₹ Cr.)	9,177	10,359	10,903	13,467	15,529	16,555	17,420	19,255	30,477	36,380	38,438
YoY Gr. Rt. %	-	12.9%	5.3%	23.5%	15.3%	6.6%	5.2%	10.5%	58.3%	19.4%	-
Adj EPS (₹ )	44.2	50.8	54.4	109.5	110.6	107.9	98.7	100.6	160.5	196	213.8
YoY Gr. Rt. %	-	15.1%	6.9%	101.4%	1.1%	-2.5%	-8.5%	1.9%	59.6%	22.1%	-
BVPS (₹ )	396.9	436.5	486.5	587.9	685.5	779.1	858.2	964.6	1,156.8	1,300.6	1,393.3
YoY Gr. Rt. %	-	10%	11.5%	20.9%	16.6%	13.7%	10.2%	12.4%	19.9%	12.4%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.7	1.7	1.7	2.8	2.4	2.2	2	1.9	3.3	3.1	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	16.5%	18.6%	27.8%	19.4%
Adj EPS	18%	12.1%	25.7%	22.1%
BVPS	14.1%	13.7%	14.9%	12.4%
Share Price	10.5%	20.6%	20.5%	40%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Asset Quality Ratio	To view Asset Quality Ratio Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0.8	1.9	2.6	2.7	2.8	3.1	4.2	0	0	0	-
Capitalization Ratio	To view Capitalization Ratio Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	23.4	17.6	16.9	16.9	20.3	22	22.5	0	0	0	-
Margins
Net Profit Margin (%)	11.2	11.4	11.6	18.9	16.5	15.1	14.3	14.1	19.7	20.3	20.9
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	11.6	12.2	11.8	20.4	17.3	14.7	12.5	11.3	17.3	16	15.3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.90%

Total Income has increased 27.82 CAGR in last 3 years

Net Profit has increased 25.68 CAGR in last 3 years

Total income growth is good in last 4 quarters

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Latest Financials - Shriram Finance Ltd.

	Standalone	Consolidated
TTM EPS (₹)	207.9	213.8
TTM Sales (₹ Cr.)	37,640	38,438
BVPS (₹.) ⓘ	1,386.5	1,393.3
Reserves (₹ Cr.) ⓘ	51,760	52,016
P/BV ⓘ	2.04	2.03
PE ⓘ	13.59	13.21

From the Market
52 Week Low / High (₹)	1933.70 / 3652.15
All Time Low / High (₹)	2.39 / 3652.15
Market Cap (₹ Cr.)	1,06,209
Equity (₹ Cr.)	376
Face Value (₹)	10
Industry PE ⓘ	27.8

Management X-Ray of Shriram Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Shriram Finance

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Shriram Finance

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	9,180	10,362	10,904	13,529	15,632	16,576	17,446	19,280	30,509	36,418
Interest Income	9,177	10,359	10,903	13,467	15,529	16,555	17,420	19,255	30,477	36,380
Other Income ⓘ	3	3	2	62	103	21	26	25	33	39
Expenditure ⓘ	7,530	8,573	8,966	9,757	11,854	13,138	14,168	15,731	22,296	26,458
Interest Expense ⓘ	4,706	5,088	5,219	6,416	7,566	8,315	9,091	9,777	12,996	15,606
Operating Expenses ⓘ	1,110	1,246	1,258	1,524	1,722	1,915	1,846	1,954	4,938	6,084
Provisions	1,714	2,239	2,490	1,818	2,566	2,908	3,232	4,000	4,362	4,768
Exceptional Items ⓘ	0	0	0	123	0	0	0	0	0	0
Profit Before Tax ⓘ	1,650	1,789	1,938	3,896	3,778	3,439	3,278	3,549	8,214	9,960
Taxes ⓘ	621	606	672	1,349	1,214	937	791	841	2,202	2,569
Profit After Tax	1,028	1,184	1,266	2,546	2,564	2,502	2,487	2,708	6,011	7,391
Adjusted EPS (₹)	44.2	50.8	54.4	109.5	110.6	107.9	98.7	100.6	160.5	196.0
Dividend Payout Ratio (%)	22%	19%	18%	10%	11%	5%	18%	20%	22%	23%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Equity Capital	9,266	10,175	11,332	13,690	15,963	18,142	21,717	26,094	43,513	48,947
Share Capital ⓘ	227	227	227	227	227	227	253	271	374	376
Reserves ⓘ	9,039	9,949	11,105	13,463	15,736	17,915	21,464	25,824	43,138	48,571
Minority Interest	0	0	0	0	0	0	0	0	287	730
Long Term Borrowings	37,933	36,328	40,996	79,391	86,018	95,398	1,10,362	1,19,031	1,69,685	1,98,181
Current Liabilities	19,444	26,503	27,736	11,062	6,275	4,652	2,364	2,544	8,340	14,138
Trade Payables	1,228	1,537	172	220	136	145	153	169	315	251
Short term borrowings	2,953	3,330	4,954	5,199	4,948	2,056	717	484	478	5,586
Other Liabilities	-4,181	-4,867	-5,126	-5,419	-5,085	-2,201	-870	-653	-793	-5,837
Total Liabilities ⓘ	66,642	73,006	80,065	1,04,144	1,08,256	1,18,192	1,34,443	1,47,669	2,21,825	2,61,996
Assets
Non Current Asset	36,022	46,754	51,348	95,949	1,04,161	1,08,949	1,17,577	1,30,016	1,98,533	2,43,857
Loan Asset	32,323	42,850	47,131	90,746	96,751	1,02,232	1,08,303	1,16,665	1,78,685	2,18,696
Other Non Current Asset ⓘ	3,699	3,904	4,218	5,203	7,410	6,717	9,274	13,351	19,848	25,162
Current Asset	30,598	26,242	28,713	8,196	4,095	9,243	16,866	17,653	23,292	18,138
Current Investment	2,213	117	52	0	0	0	0	0	0	0
Other Current Asset	28,385	26,126	28,661	8,196	4,095	9,243	16,866	17,653	23,292	18,138
Total Assets ⓘ	66,642	73,006	80,065	1,04,144	1,08,256	1,18,192	1,34,443	1,47,669	2,21,825	2,61,996

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-9,611	-5,507	-2,677	-13,142	-5,535	-2,464	-4,239	-8,859	-17,625	-31,101
Cash Flow From Investing Activity ⓘ	-45	-36	-1	91	-76	-55	-25	-34	-193	-258
Cash Flow From Financing Activity ⓘ	7,836	2,822	3,017	13,014	5,550	4,579	12,226	8,505	11,820	27,609
Net Cash Flow ⓘ	-1,819	-2,721	338	-37	-62	2,060	7,962	-388	-5,999	-3,750

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	45	52	56	112	114	111	99	101	161	196
DPS (₹)	10	10	10	11	12	5	18	20	35	45
BVPS (₹)	407	448	499	603	704	800	858	965	1157	1301
Performance Ratios
ROA (%)	1.7	1.7	1.7	2.8	2.4	2.2	2.0	1.9	3.3	3.1
ROE (%)	11.6	12.2	11.8	20.4	17.3	14.7	12.5	11.3	17.3	16.0
ROCE (%)	12.3	11.9	11.5	12.9	11.4	10.9	10.3	9.9	12.2	11.3
Valuation Parameters
Price/Book(x)	2.7	2.1	2.2	2.4	1.8	0.8	1.7	1.2	1.1	1.8

Shriram Finance Ltd Stock News

Shriram Finance Ltd FAQs

What is the share price of Shriram Finance?

Company share prices are keep on changing according to the market conditions. The closing price of Shriram Finance on 21-Nov-2024 16:00 is ₹2,801.7.

What is the market cap of Shriram Finance?

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 21-Nov-2024 16:00 the market cap of Shriram Finance stood at ₹1,06,208.7.

What is the P/E ratio of Shriram Finance?

The latest P/E ratio of Shriram Finance as of 21-Nov-2024 16:00 is 13.59.

What is the P/B ratio of Shriram Finance?

The latest P/B ratio of Shriram Finance as of 21-Nov-2024 16:00 is 2.04.

What is the 52-week high and low of Shriram Finance?

The 52-week high of Shriram Finance is ₹3,652.2 and the 52-week low is ₹1,933.7.

What is the TTM revenue of Shriram Finance?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shriram Finance is ₹37,640 ( Cr.) .

About Shriram Finance Ltd

Shriram Transport Finance Company (STFC) is the flagship company of the Shriram group which has significant presence in in financial services viz., commercial vehicle financing business, 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 was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 451A of the Reserve Bank of India Act, 1934. STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But it found a mismatch between the Aspiration and Ability.

Business area of the company

The company is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.

Products

Commercial vehicle loans
Business loans
Deposits
Working Capital loans
Life insurance
Emergency credit line guarantee scheme (ECLGS)

Awards

2012: Shriram Transport Finance Company wins CNBC TV18 Best Bank and Financial Institution Awards
2012: Shriram Transport Finance Company Ltd wins the ICAI Awards for Financial Reporting'
2017- Shriram Transport Finance Company selected Asia's most Promising Brand 2017

Milestones

1979: STFC was established.
1984: Initial public offering.
1990: Investment from Telco & Ashok Leyland.
1999: Tied up with Citi Group for CV financing under portfolio management services.
1999: the 1st securitization transaction by STFC.
2002-04: Preferential allotment of Citi Finance (India).
2002-04: Preferential allotment to Axis Bank and Reliance Capital.
2005-06: Investment from ChrysCapital.
2005-06: Investment from TPG.
2005-06: Merger of Shriram Investment Ltd. and Shriram Overseas Finance Ltd. with STFC; PAT crosses Rs 1,000 million.
2009: Successfully placed Rs 10 billion of NCD with domestic investors.
2009: Purchased hypothecation loan outstanding of commercial vehicle and construction of GE Capital Services India and GE Capital Finance Services (GE) aggregating to around Rs 11 billion.
2010: Securitised Rs 87.57 billion during FY 2010.
2010: Successfully raise Rs 5.84 billion through QIP with domestic & international investors. Initiated financing of construction equipment.
2011: Introduced Shriram Automalls - a dedicated platform for trading of pre-owned trucks at a fair value.
2013: AUM crosses Rs 500 billion.
2015: India Ratings & Research Long-Term rating upgraded to ‘AA+’.
2015: CRISIL upgraded long-term debt rating to ‘AA+/FAAA/Stable’.
2017: Successfully raised Rs 13.5 billion through issuance of ‘Masala Bonds’ Senior Secured Rupee Denominated Bonds listed on Singapore Stock Exchange.
2018: AUM crosses Rs 1000 billion
2019: Raised $500 million on through offshore bonds.
2019: Within months, global investors reposed faith on the company showing the company’s robust credit fundamentals.