Shriram Finance Ltd logo

Shriram Finance Ltd

SHRIRAMFIN NSE

Key Fundamentals

LargecapNBFCFinancial Services
Market Cap
2.6L Cr
Volatility
Moderate
P/E Ratio
19.74
EBITDA
₹35,520 Cr
Return on Equity
15.18%
Debt to Equity
3.96
Book Value
₹448.53
EPS
₹201.17
52W High
₹1,153.7
52W Low
₹566.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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37 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 32.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.9%

Weaknesses

3
  • Stock is trading at 3.18 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.08%

Growth Rate

Revenue Growth
15.13% ↗
Net Income Growth
6.16% ↘
Cash Flow Change
69.57% ↗
ROE
-9.05% ↘
ROCE
3.29% ↘
EBITDA Margin (Avg.)
2.66% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Shriram Finance Ltd is a large-cap NBFC with a market cap of ~₹2.58 lakh crore, trading at a P/E of 22.5x and P/B of 2.41x. The company delivered 32% profit CAGR over 5 years and 17% AUM growth in FY25 to ₹2.63 lakh crore, though Q4 FY25 profit growth moderated to 10% YoY with credit costs rising to 2.4% of AUM.

Bull Case 8
  • Strong 5-year profit CAGR of 32%, significantly outpacing revenue CAGR of 23% over the same period, indicating improving operating leverage
  • AUM grew 17% YoY to ₹2,63,190 crore in Q4 FY25 with disbursements of ~₹448 billion (+14% YoY), showing sustained business momentum
  • Consistent ROE of 16% maintained across 3-year, 5-year, and 10-year periods, reflecting stable capital efficiency
  • Gross NPA improved to 4.55% in Q4 FY25 from 5.38% in Q3 FY25 and 5.45% in Q4 FY24, showing a clear declining trend in asset quality stress
  • Stock has delivered 1-year price CAGR of 78% and 3-year CAGR of 45%, reflecting strong market confidence in the business model
  • Secured international credit rating of Ba1 (stable outlook) from Moody's in March 2025, potentially lowering future borrowing costs
  • TTM profit growth of 33% continues to outpace TTM revenue growth of 14%, suggesting margin expansion and operating efficiency gains
  • Healthy dividend payout ratio of 20.9% with current yield of ~1%, providing income alongside capital appreciation
Bear Case 8
  • Stock trades at 3.2x book value versus historical average, implying elevated valuation expectations that leave limited room for disappointment
  • Q4 FY25 credit costs surged 18% QoQ to 2.4% of AUM, raising concerns about underlying asset quality deterioration in the vehicle finance portfolio
  • Promoter holding decreased by 5.08% in the last quarter, which may signal reduced insider confidence or stake dilution
  • Low interest coverage ratio indicates vulnerability to rising interest rate environments and potential margin compression
  • Q4 FY25 net profit growth decelerated sharply to just 10% YoY (₹2,139 crore) versus the 5-year CAGR of 32%, suggesting earnings momentum may be peaking
  • Net NPA remains elevated at 2.64% in Q4 FY25, and provision coverage ratio at ~52% is relatively modest for an NBFC of this scale
  • Capital adequacy ratio declined from 22.61% to 20.30% in FY24, indicating capital consumption is outpacing internal accrual at current growth rates
  • Management guided conservatively for only 15% AUM growth in FY25, a deceleration from the 21% achieved in FY24

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • Reduced rainfall slows vehicle growth Jul 27

    Management cited reduced rainfall as key factor behind slower vehicle financing demand, reflecting monsoon-dependent rural economic activity.

Positives 4
  • Q1FY27 profit surges 59.8% YoY Jul 24

    Net profit rose 59.79% YoY to ₹3,444.56 crore driven by 33.67% NII growth to ₹8,055.70 crore. AUM grew 15.26% to ₹3,13,798 crore.

  • ₹2,000 crore raised via NCDs Jul 9

    Allotted NCDs worth ₹2,000 crore on Jul 9 at coupon rates of 7.80% and 8% p.a., strengthening the liability side.

  • Final dividend of ₹6 per share Jul 21

    Paid final dividend of ₹6/share for FY26 on Jul 21 to shareholders on record as of Jul 3. Declared at 47th AGM on Jul 10.

  • Debt fundraise plan Aug-Oct 2026 Jul 24

    Committee meetings scheduled Aug 1 to Oct 31 to consider issuing redeemable NCDs and bonds on private placement basis.

Neutral 4
  • Investor meets scheduled Aug 12-13 Aug 7

    Senior management to host group meetings with investors at Equirus India Growth Summit in Mumbai on Aug 12 and Aug 13.

  • Q1 earnings call audio posted Jul 25

    Audio recording of Q1 FY27 earnings call held Jul 24 uploaded to website; transcript to follow.

  • Institutional block trades on NSE Jul 23

    Multiple block trades recorded between Jul 14-24 totalling ~₹134 crore across ~13.16 lakh shares at prices ranging from ₹1,015.70 to ₹1,073.00 per share.

  • Q1 results conference call held Jul 15

    Conference call held Jul 24 at 19:00 IST with key management including VC Umesh Revankar and MD Parag Sharma to discuss Q1 FY27 results.

TL;DR: Shriram Finance delivered a strong Q1FY27 with 59.8% profit growth and healthy AUM expansion of 15.26%, supported by robust NII gains. The company is actively raising debt capital via NCDs and rewarding shareholders with dividends. The key risk is monsoon-dependent rural demand softness that could weigh on vehicle financing volumes. If rainfall normalizes, the growth trajectory looks well-supported by strong fundamentals and capital access.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
8,003
8,555
8,922
9,484
9,605
10,090
10,698
11,454
11,536
11,912
12,171
12,513
13,400
Expenses
2,141
2,454
2,634
2,712
2,661
2,836
3,033
3,293
3,062
3,109
3,397
3,104
3,406
Financing Profit
2,374
2,480
2,581
2,783
2,815
2,903
2,914
2,937
3,073
3,279
3,514
4,073
4,790
Fin. Margin %
30%
29%
29%
29%
29%
29%
27%
26%
27%
28%
29%
33%
36%
Other Income
41
47
59
87
54
86
1,574
6
6
9
26
18
18
Interest
3,488
3,622
3,707
3,988
4,129
4,350
4,751
5,224
5,401
5,525
5,259
5,336
5,204
Depreciation
132
137
147
153
153
159
162
171
173
174
177
175
183
PBT
2,283
2,391
2,494
2,717
2,715
2,830
4,326
2,772
2,906
3,113
3,363
3,917
4,626
Tax %
25%
25%
25%
26%
25%
24%
25%
23%
26%
26%
25%
23%
25%
Net Profit
1,712
1,792
1,874
2,021
2,031
2,153
3,249
2,144
2,159
2,314
2,530
3,021
3,453
EPS in Rs
9.1
9.52
9.94
10.69
10.76
11.39
17.27
11.4
11.48
12.3
13.45
16.06
14.67
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
9,177
10,359
10,903
13,502
15,536
16,561
17,422
19,255
30,492
36,388
43,941
48,135
49,997
Expenses
2,781
3,447
3,712
3,288
4,171
4,683
4,932
5,816
8,706
10,278
12,279
12,602
13,016
Financing Profit
1,691
1,824
1,972
3,805
3,801
3,565
3,402
3,666
8,799
10,523
13,132
13,947
15,656
Fin. Margin %
18%
18%
18%
28%
24%
22%
20%
19%
29%
29%
30%
29%
31%
Other Income
2
3
1
127
20
14
14
18
16
25
157
52
71
Interest
4,706
5,088
5,219
6,409
7,564
8,313
9,089
9,773
12,987
15,588
18,529
21,586
21,325
Depreciation
43
38
35
37
43
141
137
135
601
588
645
699
709
PBT
1,650
1,789
1,938
3,896
3,778
3,439
3,278
3,549
8,214
9,960
12,644
13,300
15,019
Tax %
38%
34%
35%
35%
32%
27%
24%
24%
27%
26%
24%
25%
—
Net Profit
1,028
1,184
1,266
2,549
2,576
2,512
2,499
2,721
6,020
7,399
9,576
10,024
11,318
EPS in Rs
8.13
9.35
10
20.14
20.36
19.86
17.71
20.12
32.11
39.2
50.81
53.28
56.48
Div. Payout %
22%
19%
7%
10%
11%
5%
18%
20%
22%
23%
19%
20%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
227
227
227
227
227
227
253
271
374
376
376
376
Reserves
9,039
9,949
11,105
13,463
15,736
17,915
21,464
25,824
43,138
48,571
56,094
65,542
Borrowing
46,695
49,790
53,080
82,131
87,914
94,735
1,06,546
1,14,846
1,64,202
1,95,496
2,34,197
2,50,692
Other Liabilities
6,193
8,048
10,034
1,539
1,542
1,389
1,647
1,328
2,858
3,823
3,330
4,764
Total Liabilities
62,154
68,013
74,446
97,360
1,05,419
1,14,266
1,29,910
1,42,268
2,10,573
2,48,266
2,93,998
3,21,375
Fixed Assets
154
152
136
122
147
489
437
418
3,714
3,718
2,914
2,635
CWIP
0
0
0
0
0
0
0
0
66
0
0
0
Investments
3,037
1,340
1,518
2,456
4,126
2,936
3,347
6,971
7,430
9,472
15,788
14,993
Other Assets
58,962
66,522
72,791
94,782
1,01,146
1,10,841
1,26,126
1,34,879
1,99,363
2,35,076
2,75,296
3,03,746
Total Assets
62,154
68,013
74,446
97,360
1,05,419
1,14,266
1,29,910
1,42,268
2,10,573
2,48,266
2,93,998
3,21,375
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-9,611
-5,507
-2,677
-13,142
-5,535
-2,464
-4,239
-8,859
-17,625
-31,101
-43,652
-13,281
Investing
-45
-36
-2
86
-76
-55
-25
-34
5,076
-258
3,630
-241
Financing
7,836
2,822
3,017
13,014
5,550
4,579
12,226
8,505
11,820
27,609
44,521
8,587
Net Cash Flow
-1,819
-2,721
338
-42
-62
2,060
7,962
-388
-730
-3,750
4,499
-4,936
Free Cash Flow
-9,655
-5,543
-2,695
-13,208
-5,611
-2,519
-4,264
-8,893
-17,818
-31,361
-43,903
-13,475
CFO/OP
-141
-72
-28
-120
-37
-12
-24
-57
-66
-106
-126
-26
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
12%
12%
12%
20%
17%
15%
13%
11%
17%
16%
16%
16%

Shareholding Pattern

As of Jun 2026
FIIs 54.77%
Promoters 20.30%
DIIs 19.90%
Public 4.02%
Others 1.02%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026Jun 2026
Promoters
26.48%
25.10%
25.58%
26.06%
26.45%
29.30%
29.37%
25.29%
25.51%
25.48%
25.45%
25.43%
25.42%
25.41%
25.40%
25.40%
25.40%
25.39%
25.39%
25.38%
25.38%
20.30%
20.30%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.65%
2.65%
0.00%
54.67%
0.00%
53.90%
54.28%
53.29%
53.08%
53.58%
52.62%
49.61%
47.22%
45.15%
56.13%
54.77%
DIIs
6.53%
11.31%
14.42%
14.70%
13.77%
14.89%
14.19%
11.14%
11.75%
14.67%
15.18%
15.05%
15.69%
15.24%
16.22%
15.94%
15.33%
16.33%
18.66%
21.30%
23.29%
18.63%
19.90%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
4.61%
4.78%
4.96%
4.60%
4.72%
4.44%
4.47%
3.71%
3.74%
3.53%
3.61%
3.82%
3.92%
3.99%
3.99%
4.40%
4.48%
4.47%
5.10%
4.79%
4.91%
3.93%
4.02%
Others
62.37%
58.81%
55.04%
54.64%
55.06%
51.37%
51.96%
57.21%
56.35%
56.32%
1.09%
55.70%
1.07%
1.08%
1.09%
1.18%
1.21%
1.18%
1.24%
1.31%
1.27%
1.01%
1.02%
No. of Shareholders
78,348
78,579
97,976
97,899
1,00,926
93,379
92,254
1,03,554
99,212
92,227
96,873
1,07,254
1,18,031
1,26,529
1,40,680
1,81,398
2,30,821
2,53,512
2,98,608
2,98,475
3,34,705
3,34,706
3,52,550

Documents

Frequently Asked Questions about Shriram Finance Ltd

What does Shriram Finance Ltd do?
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-takin...
Where is Shriram Finance Ltd (SHRIRAMFIN) listed?
Shriram Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: SHRIRAMFIN and BSE: 511218. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Shriram Finance Ltd belong to?
Shriram Finance Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Shriram Finance Ltd?
Shriram Finance Ltd has a market capitalisation of approximately ₹264693.44 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Shriram Finance Ltd?
The Price-to-Earnings (PE) ratio of Shriram Finance Ltd is 19.74. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Shriram Finance Ltd?
Over the past 52 weeks, Shriram Finance Ltd has traded between a low of ₹566.5 and a high of ₹1,153.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Shriram Finance Ltd pay dividends?
Yes, Shriram Finance Ltd has a dividend yield of 0.95%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Shriram Finance Ltd?
Shriram Finance Ltd has a Return on Equity (ROE) of 15.18%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Shriram Finance Ltd on Tapetide?
On Tapetide, you can view Shriram Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website shriramfinance.in
CEO Mr. Parag Sharma
Employees 77,724
Listed 1996-12-11
Face Value ₹ 2
Issued Size 1,88,13,62,101

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