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 ₹ 1,18,479 Cr.
- Current Price ₹ 3,151
- High / Low ₹ 3,652 / 1,927
- Stock P/E 15.2
- Book Value ₹ 1,387
- Dividend Yield 1.43 %
- ROCE 11.3 %
- ROE 15.6 %
- Face Value ₹ 10.0
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
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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 | |
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10 Years: | 19% |
5 Years: | 23% |
3 Years: | 42% |
TTM: | 20% |
Stock Price CAGR | |
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10 Years: | 13% |
5 Years: | 23% |
3 Years: | 25% |
1 Year: | 56% |
Return on Equity | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 Oct - Transcript of investors earnings call for the second quarter and half year ended September 30,2024
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Oct
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Oct - Newspaper Publication - Regulation 47 of SEBI (LODR) Regulation 2015 - Extract of Financial Results of the Company for the second quarter and half year …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
25 Oct - Audio link of Q2 earnings call uploaded.
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Regulation 42 Of The Securities & Exchange Board Of India (LODR) Regulations, 2015.
25 Oct - Board approved interim dividend and financial results.
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 2019
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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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Oct 2024Transcript PPT
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Dec 2022TranscriptNotesPPT
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Aug 2021TranscriptPPT
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Apr 2021TranscriptNotesPPT
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Oct 2019TranscriptPPT
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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.