Shriram Finance Ltd
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]
- Market Cap ₹ 1,24,010 Cr.
- Current Price ₹ 660
- High / Low ₹ 730 / 439
- Stock P/E 14.5
- Book Value ₹ 299
- Dividend Yield 1.36 %
- ROCE 11.2 %
- ROE 16.4 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 28.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.5%
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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7,880 | 8,637 | 10,290 | 10,829 | 13,357 | 15,536 | 16,561 | 17,422 | 19,255 | 29,787 | 34,973 | 41,834 | |
Interest | 3,963 | 4,420 | 5,087 | 5,220 | 6,411 | 7,564 | 8,313 | 9,089 | 9,773 | 12,601 | 14,871 | 18,455 |
2,068 | 2,341 | 3,388 | 3,652 | 3,252 | 4,171 | 4,683 | 4,932 | 5,816 | 8,492 | 9,874 | 11,810 | |
Financing Profit | 1,849 | 1,876 | 1,814 | 1,956 | 3,693 | 3,801 | 3,565 | 3,402 | 3,666 | 8,694 | 10,228 | 11,570 |
Financing Margin % | 23% | 22% | 18% | 18% | 28% | 24% | 22% | 20% | 19% | 29% | 29% | 28% |
8 | 7 | 3 | 2 | 145 | 20 | 14 | 14 | 18 | 15 | 25 | 1,682 | |
Depreciation | 29 | 41 | 36 | 34 | 36 | 43 | 141 | 137 | 135 | 524 | 569 | 645 |
Profit before tax | 1,828 | 1,842 | 1,781 | 1,924 | 3,802 | 3,778 | 3,439 | 3,278 | 3,549 | 8,185 | 9,684 | 12,606 |
Tax % | 31% | 33% | 34% | 35% | 35% | 32% | 27% | 24% | 24% | 27% | 26% | 23% |
1,264 | 1,238 | 1,178 | 1,257 | 2,461 | 2,564 | 2,502 | 2,487 | 2,708 | 5,979 | 7,190 | 9,761 | |
EPS in Rs | 9.99 | 9.78 | 9.31 | 9.94 | 19.45 | 20.26 | 19.77 | 17.62 | 20.02 | 31.94 | 38.27 | 51.91 |
Dividend Payout % | 13% | 18% | 19% | 18% | 10% | 11% | 5% | 18% | 20% | 22% | 24% | 19% |
Compounded Sales Growth | |
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10 Years: | 17% |
5 Years: | 20% |
3 Years: | 30% |
TTM: | 20% |
Compounded Profit Growth | |
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10 Years: | 21% |
5 Years: | 28% |
3 Years: | 47% |
TTM: | 19% |
Stock Price CAGR | |
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10 Years: | 15% |
5 Years: | 44% |
3 Years: | 43% |
1 Year: | 37% |
Return on Equity | |
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10 Years: | 15% |
5 Years: | 15% |
3 Years: | 16% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 227 | 227 | 227 | 227 | 227 | 227 | 227 | 253 | 271 | 374 | 376 | 376 |
Reserves | 8,046 | 9,011 | 9,927 | 11,075 | 13,349 | 15,609 | 17,778 | 21,315 | 25,662 | 42,932 | 48,193 | 55,904 |
Borrowing | 35,925 | 44,276 | 49,791 | 53,110 | 82,131 | 87,914 | 94,735 | 106,546 | 114,846 | 157,906 | 185,841 | 234,197 |
5,038 | 5,813 | 8,018 | 9,993 | 1,539 | 1,542 | 1,389 | 1,647 | 1,328 | 2,451 | 2,866 | 3,055 | |
Total Liabilities | 49,235 | 59,327 | 67,963 | 74,405 | 97,245 | 105,292 | 114,129 | 129,761 | 142,106 | 203,664 | 237,276 | 293,533 |
101 | 101 | 101 | 86 | 122 | 147 | 489 | 437 | 418 | 3,327 | 3,287 | 2,914 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 0 | 0 |
Investments | 2,725 | 3,327 | 1,356 | 1,547 | 2,341 | 3,999 | 2,798 | 3,198 | 6,809 | 8,565 | 10,657 | 15,599 |
46,410 | 55,899 | 66,506 | 72,772 | 94,782 | 101,146 | 110,841 | 126,126 | 134,879 | 191,706 | 223,332 | 275,020 | |
Total Assets | 49,235 | 59,327 | 67,963 | 74,405 | 97,245 | 105,292 | 114,129 | 129,761 | 142,106 | 203,664 | 237,276 | 293,533 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3,778 | -9,906 | -7,906 | -2,707 | -13,160 | -5,535 | -2,464 | -4,239 | -8,859 | -15,841 | -27,653 | -42,275 | |
-67 | -42 | -20 | -1 | 103 | -76 | -55 | -25 | -34 | 5,037 | -238 | 3,678 | |
4,688 | 8,124 | 5,241 | 3,046 | 13,017 | 5,550 | 4,579 | 12,226 | 8,505 | 9,647 | 24,399 | 43,265 | |
Net Cash Flow | 843 | -1,824 | -2,685 | 338 | -40 | -62 | 2,060 | 7,962 | -388 | -1,157 | -3,492 | 4,668 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 16% | 14% | 12% | 12% | 19% | 17% | 15% | 13% | 11% | 17% | 16% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1h - Shriram Finance schedules investor meetings with multiple funds on May 28, 2025, for updates and presentations.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4h - Copy of the advertisement published today i.e. May 23, 2025 as a public notice in all editions of Financial Express (English Language) and Makkal Kural …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Fund/ Analysts/ Institutional Investor/ Broker/Broker Conference /meetings are scheduled to be held on Monday, May 26 2025 which will be attended by the senior management/ …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
20 May - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 the details of share certificate are as per letter dated May 20, 2025 is …
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Announcement under Regulation 30 (LODR)-Credit Rating
16 May - Shriram Finance receives first-time BBB+ foreign currency rating from JCR with stable outlook on May 15, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Apr 2025TranscriptPPTREC
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Apr 2025TranscriptNotesPPT REC
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Dec 2022TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
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Nov 2017Transcript PPT
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Nov 2017TranscriptNotesPPT
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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.