Shriram City Union Finance Ltd

About [ edit ]

Shriram City Union Finance Ltd incorporated in 1986 is a deposit-accepting NBFC, Shriram City is a part of Shriram Group. Its primary line of business is MSMEs & two-wheeler financing. It also deals in Funding commercial vehicles, passenger vehicles, and home loans, loans against gold ornaments, and personal consumption. # #

Key Points [ edit ]
  • Market Cap 9,783 Cr.
  • Current Price 1,482
  • High / Low 1,729 / 617
  • Stock P/E 10.7
  • Book Value 1,197
  • Dividend Yield 1.35 %
  • ROCE 11.8 %
  • ROE 14.6 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.56% over past five years.
  • Promoter holding is low: 34.63%

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 1,178 1,475 1,577 1,512 1,508 1,561 1,562 1,570 1,546 1,483 1,508 1,568
Interest 426 491 524 558 534 570 575 565 594 581 568 575
716 613 659 552 563 578 579 564 726 619 532 554
Financing Profit 36 371 394 401 410 414 408 441 226 283 408 439
Financing Margin % 3% 25% 25% 27% 27% 27% 26% 28% 15% 19% 27% 28%
Other Income 1 1 1 0 1 2 2 1 2 4 4 3
Depreciation 9 8 9 9 8 22 22 23 22 22 22 22
Profit before tax 28 363 386 393 403 393 388 420 206 265 389 420
Tax % 37% 35% 34% 36% 35% 34% 21% 24% 27% 25% 29% 27%
Net Profit 16 235 255 254 258 258 303 313 148 197 271 300
EPS in Rs 2.47 35.60 38.62 38.45 39.16 39.17 45.95 47.37 22.46 29.86 41.12 45.46
Gross NPA %
Net NPA %

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 1,103 1,323 2,057 3,100 3,273 3,606 4,002 4,707 5,437 6,045 6,233 6,104
Interest 518 551 929 1,410 1,352 1,343 1,445 1,657 1,791 2,125 2,319 2,318
294 404 595 999 1,100 1,360 1,688 2,119 2,466 2,343 2,424 2,430
Financing Profit 291 368 533 690 820 904 870 931 1,180 1,577 1,490 1,356
Financing Margin % 26% 28% 26% 22% 25% 25% 22% 20% 22% 26% 24% 22%
Other Income 0 0 0 0 6 7 17 2 2 2 6 12
Depreciation 5 7 14 25 30 44 38 36 35 34 90 88
Profit before tax 286 361 519 666 796 867 849 897 1,146 1,545 1,406 1,280
Tax % 32% 33% 35% 32% 33% 34% 34% 35% 35% 35% 27%
Net Profit 194 241 338 449 532 571 552 578 741 1,002 1,023 917
EPS in Rs 39.52 48.57 64.56 81.10 89.77 86.70 83.74 87.66 112.27 151.80 154.94 138.90
Dividend Payout % 13% 12% 10% 10% 11% 17% 18% 17% 16% 14% 4%
Compounded Sales Growth
10 Years:19%
5 Years:12%
3 Years:10%
TTM:-2%
Compounded Profit Growth
10 Years:18%
5 Years:12%
3 Years:21%
TTM:-19%
Stock Price CAGR
10 Years:10%
5 Years:-1%
3 Years:-12%
1 Year:100%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:15%
Last Year:15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
49 50 52 55 59 66 66 66 66 66 66 66
Reserves 928 1,163 1,594 2,190 2,940 4,150 4,583 5,122 5,668 6,518 7,358 7,832
Borrowings 4,667 7,328 9,622 12,729 12,049 12,764 15,262 18,430 22,878 24,290 25,095 24,177
604 776 1,377 1,475 1,519 1,676 2,163 2,679 484 544 762 781
Total Liabilities 6,248 9,316 12,645 16,450 16,568 18,656 22,073 26,297 29,096 31,418 33,280 32,856
20 29 53 90 103 83 87 83 88 91 251 248
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 3 3 24 474 836 714 638 667 921 723 832
6,227 9,283 12,588 16,336 15,991 17,737 21,272 25,575 28,340 30,406 32,306 31,776
Total Assets 6,248 9,316 12,645 16,450 16,568 18,656 22,073 26,297 29,096 31,418 33,280 32,856

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-674 -1,604 -2,832 -1,469 -147 -1,242 -1,587 -3,697 -3,373 -236 446
-79 64 -236 -184 -82 -208 -108 -63 -17 -352 259
420 2,386 2,014 2,463 -365 666 1,726 3,775 3,292 1,245 540
Net Cash Flow -333 846 -1,053 809 -594 -784 32 15 -98 657 1,245

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 22% 24% 23% 20% 16% 12% 12% 14% 16% 15%

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
33.76 33.76 33.75 33.75 33.74 33.74 33.90 33.92 33.92 33.92 34.56 34.63
25.36 23.81 24.63 24.74 25.57 26.08 26.09 27.44 27.37 26.79 47.40 27.96
6.01 7.56 6.85 7.00 6.56 6.20 5.98 5.89 5.95 5.65 15.53 3.88
34.87 34.87 34.76 34.51 34.13 33.98 34.03 32.75 32.76 33.64 2.50 33.53

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