Shriram Transport Finance Company Ltd

Shriram Transport Finance Company Limited (STFC) is the flagship company of Shriram Group a diversified group with interests in financial services viz. Commercial vehicle finance, Consumer Finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.(Source : 201903 Annual Report Page No: 2)

Pros:
Company has reduced debt.
Cons:
Company has low interest coverage ratio.
Promoter holding is low: 26.25%
Company's cost of borrowing seems high

Peer Comparison Sector: Finance // Industry: Finance & Investments

Loading peers table ...

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
Revenue 2,717 2,712 3,116 3,259 3,377 3,545 3,729 3,938 3,991 3,871 4,054 4,218
Interest 1,278 1,268 1,552 1,560 1,594 1,669 1,854 1,850 1,919 1,888 2,043 2,113
902 1,206 854 935 941 558 985 1,148 1,080 1,008 1,003 1,144
Financing Profit 537 239 710 764 841 1,318 891 940 992 975 1,007 960
Financing Margin % 20% 9% 23% 23% 25% 37% 24% 24% 25% 25% 25% 23%
Other Income 0 0 3 1 1 200 2 10 2 9 8 2
Depreciation 8 8 8 9 9 10 10 11 11 12 33 36
Profit before tax 529 231 704 756 833 1,508 883 939 984 972 982 927
Tax % 35% 35% 35% 34% 35% 36% 35% 35% 35% 23% 35% 17%
Net Profit 346 150 460 497 542 962 573 610 635 746 634 765
EPS in Rs 15.25 6.60 20.26 21.91 23.87 42.39 25.25 26.86 28.02 32.88 27.96 33.72
Gross NPA % 6.62% 8.16% 8.03% 8.06% 7.98% 9.15% 8.98% 8.77% 8.97% 8.29% 0.00% 0.00%
Net NPA % 1.71% 2.65% 2.49% 2.45% 2.45% 2.83% 2.74% 2.75% 2.78% 2.55% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 2,495 3,697 4,493 5,393 5,883 6,553 7,880 8,637 10,290 10,829 13,357 15,529 16,134
Interest 1,297 1,978 2,247 2,317 2,490 2,908 3,963 4,420 5,087 5,220 6,411 7,564 7,964
577 805 910 1,224 1,510 1,620 2,068 2,341 3,388 3,652 3,252 4,160 4,236
Financing Profit 622 915 1,336 1,852 1,884 2,024 1,849 1,876 1,814 1,956 3,693 3,805 3,934
Financing Margin % 25% 25% 30% 34% 32% 31% 23% 22% 18% 18% 28% 24% 24%
Other Income 21 41 3 7 10 11 8 7 3 2 145 16 22
Depreciation 37 35 15 11 13 18 29 41 36 34 36 43 91
Profit before tax 606 921 1,325 1,849 1,881 2,016 1,828 1,842 1,781 1,924 3,802 3,778 3,865
Tax % 36% 33% 34% 33% 33% 33% 31% 33% 34% 35% 35% 32%
Net Profit 390 612 873 1,230 1,257 1,361 1,264 1,238 1,178 1,257 2,461 2,564 2,781
EPS in Rs 18.33 29.24 37.70 53.30 55.56 59.97 54.53 52.55 51.92 55.41 108.44 113.00 122.58
Dividend Payout % 26% 17% 16% 12% 12% 12% 13% 18% 19% 18% 10% 11%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.43%
5 Years:14.53%
3 Years:14.70%
TTM:10.59%
Compounded Profit Growth
10 Years:15.39%
5 Years:15.23%
3 Years:29.59%
TTM:7.09%
Stock Price CAGR
10 Years:8.91%
5 Years:-1.65%
3 Years:7.11%
1 Year:-0.05%
Return on Equity
10 Years:17.47%
5 Years:15.28%
3 Years:16.35%
Last Year:17.44%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
203 204 226 226 226 227 227 227 227 227 227 227 227
Reserves 1,589 2,089 3,609 4,678 5,766 6,968 8,046 9,011 9,927 11,075 13,349 15,609 16,813
Borrowings 14,773 20,121 18,460 19,882 23,127 31,002 35,925 44,276 49,791 53,110 82,131 87,914 41,948
1,713 2,611 4,686 6,850 6,667 6,269 5,049 5,823 8,024 9,995 1,539 1,542 50,307
Total Liabilities 18,278 25,024 26,980 31,636 35,786 44,466 49,247 59,337 67,969 74,407 97,245 105,292 109,295
143 134 46 36 38 60 101 101 101 86 122 147 497
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,385 655 1,856 3,646 3,954 3,569 2,725 3,327 1,356 1,547 2,341 3,999 2,757
16,750 24,235 25,078 27,954 31,794 40,837 46,421 55,909 66,512 72,774 94,782 101,146 106,041
Total Assets 18,278 25,024 26,980 31,636 35,786 44,466 49,247 59,337 67,969 74,407 97,245 105,292 109,295

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-5,768 -1,556 868 -2,045 -865 -7,003 -3,778 -9,906 -7,906 -2,707 -13,160 -5,837
-1,463 264 -1,962 -3 -15 -40 -67 -42 -20 -1 103 -76
6,463 5,231 -1,043 1,242 3,057 7,686 4,688 8,124 5,241 3,046 13,017 5,852
Net Cash Flow -768 3,939 -2,137 -807 2,176 642 843 -1,824 -2,685 338 -40 -62

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 27% 30% 28% 28% 23% 21% 16% 14% 12% 12% 19% 17%

Credit Ratings