Shriram Finance Ltd

Shriram Finance Ltd

₹ 2,371 -1.22%
18 Apr - close price
About

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]

Key Points

About[1]
Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. It is India’s largest retail asset financing NBFC. Established in 1979, Shriram Finance is holistic finance provider catering to the needs of Small Road Transport Operators and small business owners and is a leader in organised financing of pre-owned commercial vehicles and two wheelers.

  • Market Cap 89,143 Cr.
  • Current Price 2,371
  • High / Low 2,606 / 1,306
  • Stock P/E 13.6
  • Book Value 1,226
  • Dividend Yield 1.48 %
  • ROCE 12.1 %
  • ROE 17.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 20.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.1%

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 4,438 4,494 4,648 4,698 4,828 5,082 6,998 7,409 7,609 7,756 8,003 8,556 8,922
Interest 2,236 2,288 2,498 2,435 2,397 2,404 2,952 3,234 3,118 3,242 3,488 3,622 3,707
1,181 1,240 1,886 1,194 1,477 1,299 2,190 2,034 2,052 2,273 2,141 2,454 2,634
Financing Profit 1,021 967 264 1,069 953 1,379 1,857 2,141 2,439 2,241 2,374 2,480 2,581
Financing Margin % 23% 22% 6% 23% 20% 27% 27% 29% 32% 29% 30% 29% 29%
5 4 4 5 4 6 5 10 3 13 5 9 5
Depreciation 37 32 33 33 35 35 54 54 58 358 132 137 147
Profit before tax 989 938 235 1,041 923 1,351 1,808 2,096 2,384 1,896 2,248 2,352 2,440
Tax % 26% 20% 28% 26% 26% 20% 26% 26% 25% 31% 25% 26% 25%
728 755 170 771 681 1,086 1,339 1,555 1,777 1,308 1,675 1,751 1,818
EPS in Rs 25.78 26.74 6.36 28.69 25.16 40.15 49.50 57.49 47.46 34.94 44.70 46.65 48.41
Gross NPA % 7.11% 7.14% 8.18% 7.82% 8.40% 7.07% 6.27% 6.31% 6.29% 6.21% 6.03% 5.79% 5.66%
Net NPA % 4.26% 4.74% 4.18% 4.36% 3.67% 3.32% 3.32% 3.20% 3.19% 2.96% 2.80% 2.72%
Raw PDF
Upcoming result date: 26 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 5,883 6,553 7,880 8,637 10,290 10,829 13,357 15,536 16,561 17,422 19,255 29,787 33,237
Interest 2,490 2,908 3,963 4,420 5,087 5,220 6,411 7,564 8,313 9,089 9,773 12,601 14,058
1,510 1,620 2,068 2,341 3,388 3,652 3,252 4,171 4,683 4,932 5,816 8,492 9,501
Financing Profit 1,884 2,024 1,849 1,876 1,814 1,956 3,693 3,801 3,565 3,402 3,666 8,694 9,677
Financing Margin % 32% 31% 23% 22% 18% 18% 28% 24% 22% 20% 19% 29% 29%
10 11 8 7 3 2 145 20 14 14 18 15 32
Depreciation 13 18 29 41 36 34 36 43 141 137 135 524 773
Profit before tax 1,881 2,016 1,828 1,842 1,781 1,924 3,802 3,778 3,439 3,278 3,549 8,185 8,936
Tax % 33% 33% 31% 33% 34% 35% 35% 32% 27% 24% 24% 27%
1,257 1,361 1,264 1,238 1,178 1,257 2,461 2,564 2,502 2,487 2,708 5,979 6,553
EPS in Rs 49.82 53.78 49.95 48.91 46.55 49.68 97.22 101.30 98.85 88.11 100.10 159.69 174.70
Dividend Payout % 12% 12% 13% 18% 19% 18% 10% 11% 5% 18% 20% 22%
Compounded Sales Growth
10 Years: 16%
5 Years: 17%
3 Years: 22%
TTM: 23%
Compounded Profit Growth
10 Years: 16%
5 Years: 20%
3 Years: 34%
TTM: 14%
Stock Price CAGR
10 Years: 12%
5 Years: 15%
3 Years: 21%
1 Year: 74%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 14%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 226 227 227 227 227 227 227 227 227 253 271 374 375
Reserves 5,766 6,968 8,046 9,011 9,927 11,075 13,349 15,609 17,778 21,315 25,662 42,932 45,659
23,127 31,002 35,925 44,276 49,791 53,110 82,131 87,914 94,735 106,546 114,846 158,470 165,938
6,658 6,261 5,038 5,813 8,018 9,993 1,539 1,542 1,389 1,647 1,328 1,887 2,200
Total Liabilities 35,777 44,458 49,235 59,327 67,963 74,405 97,245 105,292 114,129 129,761 142,106 203,664 214,173
38 60 101 101 101 86 122 147 489 437 418 3,327 3,338
CWIP 0 0 0 0 0 0 0 0 0 0 0 66 0
Investments 3,954 3,569 2,725 3,327 1,356 1,547 2,341 3,999 2,798 3,198 6,809 8,565 9,051
31,785 40,829 46,410 55,899 66,506 72,772 94,782 101,146 110,841 126,126 134,879 191,706 201,783
Total Assets 35,777 44,458 49,235 59,327 67,963 74,405 97,245 105,292 114,129 129,761 142,106 203,664 214,173

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-865 -7,003 -3,778 -9,906 -7,906 -2,707 -13,160 -5,535 -2,464 -4,239 -8,859 -15,841
-15 -40 -67 -42 -20 -1 103 -76 -55 -25 -34 -180
3,057 7,686 4,688 8,124 5,241 3,046 13,017 5,550 4,579 12,226 8,505 9,647
Net Cash Flow 2,176 642 843 -1,824 -2,685 338 -40 -62 2,060 7,962 -388 -6,375

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 23% 21% 16% 14% 12% 12% 19% 17% 15% 13% 11% 17%

Shareholding Pattern

Numbers in percentages

23 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
26.48% 25.10% 25.58% 26.06% 26.45% 29.30% 29.37% 25.29% 25.51% 25.48% 25.45% 25.43%
61.01% 57.47% 53.67% 53.15% 53.88% 49.97% 50.65% 45.55% 49.78% 55.36% 54.67% 53.97%
6.87% 11.71% 14.82% 15.20% 13.99% 15.22% 14.53% 11.13% 11.74% 14.66% 15.17% 15.77%
5.64% 5.72% 5.93% 5.59% 5.68% 5.51% 5.47% 18.04% 12.96% 4.49% 4.71% 4.83%
No. of Shareholders 78,34891,15697,97697,8991,00,92693,37992,2541,00,20399,21292,22796,8731,07,254

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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