Shriram Finance Ltd
Shriram Finance Ltd
Financial Services F&OKey Fundamentals
LargecapNBFCFinancial ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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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 3.23 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.08%
Growth Rate
AI Analysis — Bull vs Bear
Shriram Finance Ltd is a large-cap NBFC with a market capitalization of ₹2,66,199 crore, trading at a PE of 23x and PB of 2.46x. The company has delivered 32% profit CAGR over 5 years with consistent 16% ROE across 3, 5, and 10-year periods, while its stock has appreciated 79% in the last 1 year.
- Strong 5-year compounded profit growth of 32% CAGR significantly outpaces revenue growth, indicating improving profitability and operating leverage
- Consistent ROE of 16% maintained across 3-year, 5-year, and 10-year horizons demonstrates stability in return generation through cycles
- TTM profit growth of 33% shows continued earnings momentum even on a larger base
- Compounded sales growth of 23% over 5 years reflects sustained loan book expansion in the vehicle and MSME financing segments
- Stock CAGR of 35% over 5 years and 44% over 3 years reflects long-term wealth creation track record
- Healthy dividend payout ratio of 20.9% provides income component alongside capital appreciation
- PE of 23x is reasonable relative to the 32% 5-year profit CAGR, implying a PEG ratio below 1x on historical growth
- 10-year compounded profit growth of 24% demonstrates the company has scaled profitably over a long duration including multiple credit cycles
- Stock is trading at 3.16x book value which is elevated for an NBFC, pricing in significant growth expectations
- Low interest coverage ratio indicates vulnerability to rising funding costs or asset quality deterioration
- Promoter holding decreased by 5.08% in the last quarter, signaling potential dilution or reduced promoter confidence
- Dividend yield of only 0.98% is modest relative to the valuation premium the stock commands
- TTM revenue growth has decelerated to 14% from the 5-year CAGR of 23%, suggesting possible loan book growth slowdown
- 52-week high and low data unavailable (reported as 0), limiting visibility on recent price volatility and downside risk
- Stock appreciated 79% in 1 year which may have front-loaded future returns, increasing mean-reversion risk
- As a vehicle and MSME-focused NBFC, the portfolio is exposed to economic cyclicality and rural/semi-urban stress scenarios
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Reduced rainfall slows vehicle growth Jul 27
Shriram Finance cited reduced rainfall as the key factor behind slower vehicle growth, highlighting the close link between monsoon performance, rural economic activity, and vehicle lending demand.
- Multiple investor meets in Singapore Aug 13
Shriram Finance will host institutional investor meetings at Axis Capital's India Corporate Day in Singapore on Aug 18, 2026, and separate senior management meetings with global investors on Aug 17, 2026.
- Investor meet at Equirus summit Aug 7
Shriram Finance scheduled a group meeting with institutional investors and analysts at the Equirus India Growth Summit in Mumbai on Aug 13, 2026.
- Investor meet at Emkay Confluence Aug 7
Shriram Finance scheduled a group meeting with institutional investors and analysts at Emkay Confluence in Mumbai on Aug 12, 2026.
TL;DR: Shriram Finance is actively engaging institutional and global investors through multiple meets in August 2026, signaling strong IR outreach. However, the company flagged reduced rainfall as a headwind to vehicle growth, a key segment for its lending book. No new financial metrics or guidance have been disclosed. The outlook hinges on monsoon recovery and its downstream impact on rural vehicle financing demand.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 12% | 12% | 12% | 20% | 17% | 15% | 13% | 11% | 17% | 16% | 16% | 16% |
Documents
Frequently Asked Questions about Shriram Finance Ltd
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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]