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:
Cons:
Company has low interest coverage ratio.
Promoter holding is low: 26.08%

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2018 Mar 2019 Jun 2019
Revenue 1,907 2,029 2,100 2,197 2,150 2,150 2,260 2,346 2,421 3,729 3,871 4,054
Interest 873 938 1,059 1,123 1,083 1,053 1,163 1,206 1,253 1,854 1,888 2,043
464 562 526 603 584 633 624 647 908 985 1,008 1,003
Financing Profit 570 530 516 471 483 464 473 493 260 891 975 1,007
Financing Margin % 30% 26% 25% 21% 22% 22% 21% 21% 11% 24% 25% 25%
Other Income 1 0 3 0 0 0 1 1 0 2 9 8
Depreciation 7 7 8 9 9 11 11 11 10 10 12 33
Profit before tax 565 523 511 462 474 453 463 484 250 883 972 982
Tax % 32% 30% 31% 30% 34% 31% 33% 34% 66% 35% 23% 35%
Net Profit 383 366 352 325 315 313 310 321 84 575 749 637
EPS in Rs 16.90 16.15 15.51 14.32 13.88 13.79 13.67 14.16 3.71 25.36 33.01 28.10
Gross NPA % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net NPA % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Revenue 4,493 5,482 6,173 7,009 8,476 9,177 10,359 10,903 13,502 15,529
Interest 2,247 2,320 2,560 3,092 4,233 4,706 5,088 5,219 6,409 7,564
910 1,315 1,644 1,738 2,244 2,781 3,447 3,712 3,288 4,160
Financing Profit 1,336 1,848 1,969 2,179 1,999 1,691 1,824 1,972 3,805 3,805
Financing Margin % 30% 34% 32% 31% 24% 18% 18% 18% 28% 24%
Other Income 3 1 6 7 4 2 3 1 128 16
Depreciation 15 11 17 23 33 43 38 35 37 43
Profit before tax 1,325 1,838 1,958 2,163 1,970 1,650 1,789 1,938 3,896 3,778
Tax % 34% 34% 33% 32% 31% 38% 34% 35% 35% 32%
Net Profit 873 1,217 1,309 1,463 1,358 1,028 1,184 1,266 2,549 2,576
EPS in Rs 37.70 52.73 56.78 63.33 58.66 43.33 50.11 54.96 112.33 113.51
Dividend Payout % 16% 12% 11% 11% 12% 22% 19% 7% 10% 11%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:12.87%
3 Years:14.45%
TTM:15.01%
Compounded Profit Growth
10 Years:%
5 Years:13.70%
3 Years:29.58%
TTM:4.37%
Stock Price CAGR
10 Years:10.10%
5 Years:3.13%
3 Years:-3.18%
1 Year:-2.09%
Return on Equity
10 Years:%
5 Years:15.03%
3 Years:16.57%
Last Year:17.37%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
226 226 226 227 227 227 227 227 227 227
Reserves 3,611 4,667 5,806 7,111 8,283 9,039 9,949 11,105 13,463 15,736
Borrowings 18,460 20,182 24,137 33,386 38,630 46,695 49,790 53,080 82,131 87,914
4,686 7,054 6,877 6,558 5,203 6,203 8,054 10,036 1,539 1,542
Total Liabilities 26,982 32,129 37,047 47,282 52,344 62,164 68,019 74,448 97,360 105,419
46 41 54 72 155 154 152 136 122 147
CWIP 0 3 0 0 0 0 0 0 0 0
Investments 1,856 3,477 3,666 3,280 2,435 3,037 1,340 1,518 2,456 4,126
25,080 28,609 33,327 43,930 49,754 58,972 66,528 72,793 94,782 101,146
Total Assets 26,982 32,129 37,047 47,282 52,344 62,164 68,019 74,448 97,360 105,419

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
868 -2,199 -1,687 -8,359 -4,055 -9,611 -5,507 -2,677 -13,142 -5,837
-1,960 -11 -28 -41 -112 -45 -36 -2 86 -76
-1,043 1,542 3,766 9,060 5,010 7,836 2,822 3,017 13,014 5,852
Net Cash Flow -2,135 -668 2,051 661 843 -1,819 -2,721 338 -42 -62

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 28% 24% 22% 17% 12% 12% 12% 20% 17%

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