Shriram Transport Finance Company Ltd

About [ edit ]

Shriram Transport Finance Company is primarily engaged in the business of financing commercial vehicles. It also provides loans for equipment and other business purposes. The Company is registered with the Reserve Bank of India (RBI), Ministry of Corporate Affairs and Insurance Regulatory and Development Authority of India (IRDA).(Source : 202003 Annual Report Page No:100)

  • Market Cap 32,472 Cr.
  • Current Price 1,283
  • High / Low 1,535 / 429
  • Stock P/E 16.5
  • Book Value 725
  • Dividend Yield 0.47 %
  • ROCE 10.8 %
  • ROE 14.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 19.54% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,421 3,729 3,938 3,991 3,873 4,022 4,153 4,219 4,168 4,141 4,348 4,438
908 985 1,148 1,080 1,011 1,005 1,145 948 1,635 1,411 1,136 1,181
Operating Profit 1,512 2,745 2,790 2,911 2,862 3,017 3,008 3,271 2,534 2,730 3,212 3,257
OPM % 62% 74% 71% 73% 74% 75% 72% 78% 61% 66% 74% 73%
Other Income 0 2 10 2 10 9 3 3 5 4 4 5
Interest 1,253 1,854 1,850 1,919 1,888 2,011 2,049 2,051 2,159 2,267 2,263 2,236
Depreciation 10 10 11 11 12 33 36 36 36 36 32 37
Profit before tax 250 883 939 984 972 982 927 1,186 344 431 920 989
Tax % 66% 35% 35% 35% 23% 35% 17% 26% 35% 26% 26% 26%
Net Profit 84 575 613 639 749 637 768 882 224 319 689 734
EPS in Rs 3.33 22.73 24.21 25.23 29.59 25.19 30.36 34.86 8.86 12.61 24.40 26.00
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 Mar 2020 TTM
4,493 5,482 6,173 7,009 8,476 9,177 10,359 10,903 13,502 15,536 16,568 17,095
910 1,315 1,644 1,738 2,244 2,781 3,447 3,712 3,288 4,171 4,689 5,362
Operating Profit 3,583 4,167 4,529 5,271 6,232 6,396 6,912 7,190 10,214 11,365 11,879 11,733
OPM % 80% 76% 73% 75% 74% 70% 67% 66% 76% 73% 72% 69%
Other Income 3 1 6 7 4 2 3 1 128 20 14 17
Interest 2,247 2,320 2,560 3,092 4,233 4,706 5,088 5,219 6,409 7,564 8,313 8,925
Depreciation 15 11 17 23 33 43 38 35 37 43 141 141
Profit before tax 1,325 1,838 1,958 2,163 1,970 1,650 1,789 1,938 3,896 3,778 3,439 2,684
Tax % 34% 34% 33% 32% 31% 38% 34% 35% 35% 32% 27%
Net Profit 873 1,217 1,309 1,463 1,358 1,028 1,184 1,266 2,549 2,576 2,512 1,966
EPS in Rs 34.71 48.24 51.85 57.84 53.65 40.63 46.76 50.01 100.71 101.77 99.26 71.87
Dividend Payout % 16% 12% 11% 11% 12% 22% 19% 7% 10% 11% 5%
Compounded Sales Growth
10 Years:14%
5 Years:13%
3 Years:15%
TTM:5%
Compounded Profit Growth
10 Years:11%
5 Years:20%
3 Years:26%
TTM:-35%
Stock Price CAGR
10 Years:5%
5 Years:10%
3 Years:-0%
1 Year:10%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:17%
Last Year:15%

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 Mar 2020 Sep 2020
226 226 226 227 227 227 227 227 227 227 227 253
Reserves 3,611 4,667 5,806 7,111 8,283 9,039 9,949 11,105 13,463 15,736 17,915 20,200
Borrowings 18,460 20,182 24,137 33,386 38,630 46,695 49,790 53,080 82,131 87,914 94,735 96,241
4,678 7,047 6,869 6,550 5,192 6,193 8,048 10,034 1,539 1,542 1,389 1,369
Total Liabilities 26,974 32,122 37,038 47,274 52,332 62,154 68,013 74,446 97,360 105,419 114,266 118,064
46 41 54 72 155 154 152 136 122 147 482 439
CWIP 0 3 -0 0 -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 2,936 3,117
25,072 28,601 33,318 43,922 49,742 58,962 66,522 72,791 94,782 101,146 110,848 114,507
Total Assets 26,974 32,122 37,038 47,274 52,332 62,154 68,013 74,446 97,360 105,419 114,266 118,064

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 Mar 2020
868 -2,199 -1,687 -8,359 -4,055 -9,611 -5,507 -2,677 -13,142 -5,535 -3,131
-1,960 -11 -28 -41 -112 -45 -36 -2 86 -76 -55
-1,043 1,542 3,766 9,060 5,010 7,836 2,822 3,017 13,014 5,550 5,246
Net Cash Flow -2,135 -668 2,051 661 843 -1,819 -2,721 338 -42 -62 2,060

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 Mar 2020
ROCE % 18% 16% 15% 14% 12% 12% 12% 13% 11% 11%
Debtor Days -0 0 0 -0 0 0 0 0 0 0 0
Inventory Turnover 9.54 9.15 18.60

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
26.08 26.08 26.08 26.08 26.08 26.08 26.25 26.25 26.25 26.25 26.48 26.48
49.48 47.41 48.70 49.30 50.94 56.40 60.75 64.26 64.66 63.68 60.52 61.74
4.01 5.74 4.53 4.46 3.89 8.09 4.77 3.05 2.70 2.29 4.39 5.42
20.42 20.77 20.69 20.16 19.09 9.43 8.23 6.44 6.39 7.78 8.60 6.36

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