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Shriram Finance

SHRIRAMFIN NSE
₹908.75 No trade today
P/E
15.19
View as Markdown
MCP
Close 4 Nov 2026 ₹908.75 +116.25 +14.7% 1Y
Start ₹792.50

Key Fundamentals

LargecapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
2.12
EPS (TTM)
₹59.84
Book Value
₹473.57
Market Cap
—
P/E (TTM)
15.19
P/B
1.92
ROE
16.40%
Dividend Yield
0.73%
52W High
₹1,153.70
52W Low
₹780.80
Volume
0
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Finance › Non Banking Financial Company (NBFC)

Shriram Finance peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance (this company)
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Median 7 companies₹908.7523.14₹1,41,036 Cr2.930.62%16.40%—₹32,695 Cr₹5,751 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

48 Average

Data confidence 94/100

Category scores

Quality
40
Weak
Returns, margins, earnings quality 22% weight
Valuation
70
Strong
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
22
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

2
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last 3 years: -5.15%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.18
Neutral
MACD (12,26,9)
−32.63
Bullish
SMA (50)
975.41
Bearish
SMA (200)
1,001.55
Bearish

As of

Analyst Rating

Based on 35 analysts
BUY91%

32 of 35 analysts rate Buy, 3 Hold, 0 Sell.

As of

BUY
32
91%
HOLD
3
9%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+16.60%
5Y+22.54%
3Y+16.44%
1Y+9.54%
TTM+13.76%

Net profit

Net profit growth by window
10Y+23.81%
5Y+32.02%
3Y+18.53%
1Y+4.68%
TTM+28.60%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹10,903 Cr
Mar 2018₹13,502 Cr
Mar 2019₹15,536 Cr
Mar 2020₹16,561 Cr
Mar 2021₹17,422 Cr
Mar 2022₹19,255 Cr
Mar 2023₹30,492 Cr
Mar 2024₹36,388 Cr
Mar 2025₹43,941 Cr
Mar 2026₹48,135 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,266 Cr
Mar 2018₹2,549 Cr
Mar 2019₹2,576 Cr
Mar 2020₹2,512 Cr
Mar 2021₹2,499 Cr
Mar 2022₹2,721 Cr
Mar 2023₹6,020 Cr
Mar 2024₹7,399 Cr
Mar 2025₹9,576 Cr
Mar 2026₹10,024 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹15.85 +1.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Shriram Finance Ltd trades at ₹884.8 with a market cap of ₹2,08,821 Cr as of 2026-11-03, reflecting a P/E of 14.79x and P/B of 1.87x. The company has delivered strong 5-year profit CAGR of 32% and TTM profit growth of 45%, though it contends with a low interest coverage ratio and a 5.15% decline in promoter holding over three years.

Bull Case 8
  • Strong long-term profit compounding: 5-year profit CAGR of 32% and 10-year profit CAGR of 24% indicate sustained earnings momentum in the lending business.
  • Accelerating near-term earnings: TTM profit growth stands at 45%, well above the 3-year CAGR of 19%, suggesting improving profitability trends.
  • Reasonable valuation relative to growth: A P/E of 14.79x against 45% TTM profit growth and 32% 5-year profit CAGR implies earnings growth is not fully priced in.
  • Consistent return on equity: ROE has remained steady at 16% across the 3-year, 5-year, and 10-year periods, reflecting disciplined capital allocation. Current ROE stands at 15.18%.
  • Healthy revenue compounding: 5-year sales CAGR of 23% and 10-year sales CAGR of 17% point to consistent loan book expansion.
  • Consistent dividend payout: The company has maintained a healthy dividend payout ratio of 20.9%, with a current dividend yield of 0.75%, signalling commitment to shareholder returns.
  • Strong stock performance over medium term: 3-year stock CAGR of 29% and 5-year CAGR of 24% demonstrate sustained investor confidence and wealth creation.
  • Trading below 52-week high: At ₹884.8, the stock is approximately 23% below its 52-week high of ₹1,153.7, potentially offering room for mean reversion if fundamentals hold.
Bear Case 6
  • Low interest coverage ratio: For a financial services company, a low interest coverage ratio raises concerns about the ability to service debt obligations, especially in a rising rate environment.
  • Declining promoter holding: Promoter stake has decreased by 5.15% over the last three years, which may signal reduced promoter confidence or dilution pressure.
  • Revenue growth deceleration: TTM sales growth of 14% has slowed sharply from the 5-year CAGR of 23%, suggesting potential loan book growth headwinds or competitive pressure.
  • ROCE of 11% is modest: A return on capital employed of 11% indicates limited efficiency in deploying total capital, which is typical of leveraged lending businesses but constrains overall return generation.
  • P/B of 1.87x carries downside risk: If ROE compresses from the current 15.18%, the price-to-book multiple may face contraction, pressuring the stock price.
  • Slowing stock returns: The 1-year stock CAGR of 10% is significantly lower than the 3-year CAGR of 29% and 5-year CAGR of 24%, pointing to fading price momentum.

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

AI News Digest

9h ago

TL;DR: Shriram Finance delivered a standout Q2FY27 with 59.4% profit growth, 17% AUM expansion, and sharply improved margins backed by MUFG's capital infusion and AAA upgrades. However, the stock is under pressure near 52-week lows as management cut growth guidance to 15-17% due to drought stress in key rural markets and rising credit costs.

Headwinds 5
  • AUM growth guidance cut to 15-17% Oct 26

    Management lowered FY27 AUM growth forecast from 18% to 15-17%, citing weak monsoon (rainfall 24% below normal) and geopolitical uncertainty from the Middle East crisis.

  • Rising credit costs from drought stress Oct 26

    Credit costs rose due to higher slippages and write-offs in drought-hit states (Maharashtra, Karnataka, Telangana account for ~23% of branch network). Impairment on financial instruments increased to ₹1,877.4 crore from ₹1,333.3 crore YoY.

  • RBI rate hike pressures margins Nov 1

    RBI hiked the repo rate 25 bps to 5.50% in October 2026 with a calibrated tightening stance, raising funding cost risks for NBFCs and making it harder to pass costs to already-stressed rural borrowers.

Positives 8
  • Q2 profit surges 59.4% YoY Nov 1

    Q2FY27 standalone net profit rose 59.4% YoY to ₹3,677 crore, with NII up 39.7% to ₹8,415 crore and NIM improving to 9.5% from 8.19% a year earlier.

  • Loan book grows 17% to ₹3.29L cr Nov 1

    AUM expanded 17% YoY to ₹3.29 lakh crore, led by CV loans up 19.4% to ₹1.53 lakh crore, gold loans surging 68.2% to ₹8,974 crore, and PV loans rising 20.1%.

  • MUFG eyes majority stake above 50% Oct 13

    MUFG is considering increasing its stake from 20% to over 50%, potentially investing another $10 billion-plus. The stock rallied 7% to ₹990 on the news. Total commitment would exceed $14 billion.

Neutral 2
  • Investor group meeting Oct 23 Oct 21

    Shriram Finance held a group meeting with select investors in Mumbai on October 23, 2026, disclosed under Regulation 30.

  • MUFG regulatory path uncertain Oct 14

    A majority stake deal would require RBI approval (26% threshold), CCI clearance, possible SEBI open offer, and a 30-day public notice, with a realistic timeline of a year or longer.

Quarterly Results

₹ Cr
SHRIRAMFIN quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
8,555
8,922
9,484
9,605
10,090
10,698
11,454
11,536
11,912
12,171
12,513
13,400
13,792
Expenses
2,454
2,634
2,712
2,661
2,836
3,033
3,293
3,062
3,109
3,397
3,104
3,406
3,725
Financing Profit
2,480
2,581
2,783
2,815
2,903
2,914
2,937
3,073
3,279
3,514
4,073
4,790
5,103
Fin. Margin %
29%
29%
29%
29%
29%
27%
26%
27%
28%
29%
33%
36%
37%
Other Income
47
59
87
54
86
1,574
6
6
9
26
18.92
18
9
Interest
3,622
3,707
3,988
4,129
4,350
4,751
5,224
5,401
5,525
5,259
5,336
5,204
4,965
Depreciation
137
147
153
153
159
162
171
173
174
177
175
183
180
PBT
2,391
2,494
2,717
2,715
2,830
4,326
2,772
2,906
3,113
3,364
3,917
4,626
4,932
Tax %
25%
25%
26%
25%
24%
25%
23%
26%
26%
25%
23%
25%
25%
Net Profit
1,792
1,874
2,021
2,031
2,153
3,249
2,144
2,159
2,314
2,530
3,021
3,453
3,684
EPS (₹)
9.52
9.94
10.69
10.76
11.39
17.27
11.4
11.48
12.3
13.45
16.06
14.67
15.66

Profit & Loss

₹ Cr
SHRIRAMFIN profit and loss, annual, ₹ crore
Particulars 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
51,877
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
13,632
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
17,481
Fin. Margin %
18%
18%
18%
28%
24%
22%
20%
19%
29%
29%
30%
29%
34%
Other Income
2
3
1
127
20
14
14
18
16
25
157
52
72
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
20,765
Depreciation
43
38
35
37
43
141
137
135
601
588
645
699
714
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
16,839
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
12,687
EPS (₹)
8.13
9.35
10
20.14
20.36
19.86
17.71
20.12
32.11
39.2
50.81
53.28
59.84
Div. Payout %
22%
19%
7%
10%
11%
5%
18%
20%
22%
23%
19%
20%
—

Balance Sheet

₹ Cr
SHRIRAMFIN balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
227
227
227
227
227
227
253
271
374
376
376
376
471
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
1,10,964
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
2,36,272
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
7,056
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
3,54,762
Fixed Assets
154
152
136
122
147
489
437
418
3,714
3,718
2,914
2,635
2,536
CWIP
0
0
0
0
0
0
0
0
66
0
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
19,397
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
3,32,829
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
3,54,762

Cash Flow

₹ Cr
SHRIRAMFIN cash flow, annual, ₹ crore
Particulars 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

Ratios

SHRIRAMFIN financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Shriram Finance insights

55 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 55.65%
  • Promoters 20.30%
  • DIIs 19.01%
  • Public 3.98%
  • Others 1.05%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Shriram Finance

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.
Where is Shriram Finance Ltd (SHRIRAMFIN) listed?
Shriram Finance Ltd trades as SHRIRAMFIN on the NSE and under code 511218 on the BSE.
Which sector does Shriram Finance Ltd belong to?
Shriram Finance Ltd is classified under the Financial Services sector, in the Finance industry.
What is the PE ratio of Shriram Finance Ltd?
Shriram Finance Ltd trades at a PE ratio of 15.19 as of 4 Nov 2026, on earnings per share of ₹59.84, against a book value of ₹473.57 per share.
What is the 52-week high and low of Shriram Finance Ltd?
Over the last 52 weeks Shriram Finance Ltd has traded between ₹780.8 and ₹1,153.7 as of 4 Nov 2026.
Does Shriram Finance Ltd pay dividends?
Shriram Finance Ltd has a dividend yield of 0.73%.
What is the Return on Equity (ROE) of Shriram Finance Ltd?
Shriram Finance Ltd reported a return on equity of 16.40%. Its debt-to-equity ratio is 2.12.

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.

Website shriramfinance.in
CEO Mr. Parag Sharma
Employees 77,724
Listed 11 Dec 1996
Face Value ₹2

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