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 ₹ 92,439 Cr.
- Current Price ₹ 2,461
- High / Low ₹ 2,606 / 1,306
- Stock P/E 13.9
- Book Value ₹ 1,233
- Dividend Yield 1.42 %
- ROCE 12.1 %
- ROE 17.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 19.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.0%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 6,173 | 7,009 | 8,476 | 9,177 | 10,359 | 10,903 | 13,502 | 15,536 | 16,561 | 17,422 | 19,255 | 30,492 | 34,442 |
Interest | 2,560 | 3,092 | 4,233 | 4,706 | 5,088 | 5,219 | 6,409 | 7,564 | 8,313 | 9,089 | 9,773 | 12,987 | 14,686 |
1,644 | 1,738 | 2,244 | 2,781 | 3,447 | 3,712 | 3,288 | 4,171 | 4,683 | 4,932 | 5,816 | 8,706 | 9,865 | |
Financing Profit | 1,969 | 2,179 | 1,999 | 1,691 | 1,824 | 1,972 | 3,805 | 3,801 | 3,565 | 3,402 | 3,666 | 8,799 | 9,891 |
Financing Margin % | 32% | 31% | 24% | 18% | 18% | 18% | 28% | 24% | 22% | 20% | 19% | 29% | 29% |
6 | 7 | 4 | 2 | 3 | 1 | 127 | 20 | 14 | 14 | 18 | 16 | 33 | |
Depreciation | 17 | 23 | 33 | 43 | 38 | 35 | 37 | 43 | 141 | 137 | 135 | 601 | 856 |
Profit before tax | 1,958 | 2,163 | 1,970 | 1,650 | 1,789 | 1,938 | 3,896 | 3,778 | 3,439 | 3,278 | 3,549 | 8,214 | 9,068 |
Tax % | 33% | 32% | 31% | 38% | 34% | 35% | 35% | 32% | 27% | 24% | 24% | 27% | |
1,309 | 1,463 | 1,358 | 1,028 | 1,184 | 1,266 | 2,549 | 2,576 | 2,512 | 2,499 | 2,721 | 6,020 | 6,666 | |
EPS in Rs | 51.85 | 57.84 | 53.65 | 40.63 | 46.76 | 50.01 | 100.71 | 101.77 | 99.26 | 88.52 | 100.59 | 160.54 | 177.09 |
Dividend Payout % | 11% | 11% | 12% | 22% | 19% | 7% | 10% | 11% | 5% | 18% | 20% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 18% |
3 Years: | 23% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 19% |
3 Years: | 34% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 17% |
3 Years: | 21% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 14% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 5,806 | 7,111 | 8,283 | 9,039 | 9,949 | 11,105 | 13,463 | 15,736 | 17,915 | 21,464 | 25,824 | 43,138 | 45,931 |
24,137 | 33,386 | 38,630 | 46,695 | 49,790 | 53,080 | 82,131 | 87,914 | 94,735 | 106,546 | 114,846 | 164,804 | 174,438 | |
6,869 | 6,550 | 5,192 | 6,193 | 8,048 | 10,034 | 1,539 | 1,542 | 1,389 | 1,647 | 1,328 | 2,256 | 2,616 | |
Total Liabilities | 37,038 | 47,274 | 52,332 | 62,154 | 68,013 | 74,446 | 97,360 | 105,419 | 114,266 | 129,910 | 142,268 | 210,573 | 223,361 |
54 | 72 | 155 | 154 | 152 | 136 | 122 | 147 | 489 | 437 | 418 | 3,714 | 3,753 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66 | 0 |
Investments | 3,666 | 3,280 | 2,435 | 3,037 | 1,340 | 1,518 | 2,456 | 4,126 | 2,936 | 3,347 | 6,971 | 7,430 | 7,917 |
33,318 | 43,922 | 49,742 | 58,962 | 66,522 | 72,791 | 94,782 | 101,146 | 110,841 | 126,126 | 134,879 | 199,363 | 211,692 | |
Total Assets | 37,038 | 47,274 | 52,332 | 62,154 | 68,013 | 74,446 | 97,360 | 105,419 | 114,266 | 129,910 | 142,268 | 210,573 | 223,361 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,687 | -8,359 | -4,055 | -9,611 | -5,507 | -2,677 | -13,142 | -5,535 | -2,464 | -4,239 | -8,859 | -17,625 | |
-28 | -41 | -112 | -45 | -36 | -2 | 86 | -76 | -55 | -25 | -34 | -193 | |
3,766 | 9,060 | 5,010 | 7,836 | 2,822 | 3,017 | 13,014 | 5,550 | 4,579 | 12,226 | 8,505 | 11,820 | |
Net Cash Flow | 2,051 | 661 | 843 | -1,819 | -2,721 | 338 | -42 | -62 | 2,060 | 7,962 | -388 | -5,999 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 % | 24% | 22% | 17% | 12% | 12% | 12% | 20% | 17% | 15% | 13% | 11% | 17% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Fund/ Analysts/ Institutional Investor/ Broker/Broker Conference /meeting is scheduled to be held on Friday, April 26 2024, which will be attended by the senior management/ …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Pursuant to Regulation 74(5) of the (Depositories and Participants) Regulations, 2018, we hereby confirm …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Apr - Has reference to our notice dated April 6, 2024 intimating about the date of the Board Meeting of the Company inter-alia to consider and take …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
Annual reports
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Financial Year 2023
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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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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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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.