Shriram Finance Ltd.

•

shriramfinance.inBSE: 511218NSE: SHRIRAMFIN

Market Cap₹ 2,42,204 Cr.

Current Price

High / Low₹ 1,154 / 597

Stock P/E21.5

Book Value₹ 462

Price to Book2.50

Dividend Yield1.05 %

ROCE11.5 %

ROE16.4 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2011 • Financing Activities: 99.4% • Unallocated Reconciling Items: 0.6%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 32.1% CAGR over last 5 years
Comfortable capital adequacy - CAR of 20.4%
Solid return on assets for a lender - ROA of 3.3%
Latest quarter profit grew 59.8% YoY, showing strong momentum
Company has delivered good sales growth of 22.5% CAGR over last 5 years

CONS

Net NPA is elevated at 2.3% - provisioning cushion is thin
Asset quality is weak - gross NPA at 4.6%
Promoter holding has decreased over last 2 years: -5.1pp
Company has a low return on capital employed of 11.5%
Free cash flow has been persistently negative
Valuation is stretched - P/E of 21.5 is well above its own 5-year median (12.6)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY ALPHA 50 NIFTY500MOMENTM50 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250

S.No.	Name
1.	BAJFINANCE	1040.00	31.89	647499.25	0.58	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1029.35	21.40	242204.36	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1829.00	27.16	156208.67	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.95	28.51	154067.52	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	231.00	73.81	152532.57	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	11093.25	13.94	123460.67	1.76	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2820.00	9.95	113214.11	1.06	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	398.80	26.60	109173.43	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	310.20	24.43	77747.06	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	670.00	28.02	63760.09	0.37	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	674.90	25.77	56068.33	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	SUNDARMFIN	4724.30	23.65	52488.80	0.85	636.19	33.88	2644.13	23.37	9.35	80.61

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	7,903	8,439	8,818	9,320	9,510	9,993	10,590	11,245	11,408	11,756	12,028	12,302	13,394
	2,141	2,454	2,634	2,712	2,661	2,836	3,033	3,293	3,061	3,107	3,396	3,102	8,790
Operating Profit	5,862	6,102	6,288	6,771	6,944	7,254	10,979	8,161	8,474	8,800	8,770	9,407	9,991
OPM %	74.17%	72.31%	71.31%	72.66%	73.02%	72.59%	103.67%	72.57%	74.29%	74.86%	72.91%	76.46%	74.59%
Other Income	5	9	5	14	5	7	7	6	6	9	26	19	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
	2,248	2,352	2,440	2,644	2,667	2,752	4,416	2,772	2,907	3,110	3,360	3,915	4,622
Tax %	25.46%	25.57%	25.47%	26.41%	25.73%	24.72%	19.16%	22.82%	25.84%	25.81%	24.95%	23.03%	25.48%
Net Profit	1,675	1,751	1,818	1,946	1,981	2,071	3,570	2,139	2,156	2,307	2,522	3,014	3,445
	45	47	10	10	11	11	19	11	11	12	13	16	1

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	10,829	13,304	15,529	16,555	17,420	19,255	29,772	34,964	41,834	48,118	49,480
	3,653	3,252	4,245	4,681	4,940	5,818	8,491	9,875	11,732	12,599	18,395
Operating Profit	7,176	10,053	11,284	11,874	12,480	13,437	21,281	25,090	30,102	35,519	31,084
OPM %	66.27%	75.56%	72.66%	71.72%	71.64%	69.78%	71.48%	71.76%	71.96%	73.82%	62.82%
	2	203	103	21	26	25	31	38	1,682	66	72
Interest	5,220	6,417	7,566	8,315	9,091	9,777	12,603	14,876	18,532	21,594	21,324
Depreciation	34	36	43	141	137	135	524	569	645	699	708
Profit before Tax	1,924	3,802	3,778	3,439	3,278	3,549	8,185	9,684	12,606	13,292	15,008
Tax %	34.65%	35.28%	32.14%	27.24%	24.12%	23.70%	26.95%	25.75%	22.57%	24.78%	24.79%
Net Profit	1,257	2,461	2,564	2,502	2,487	2,708	5,979	7,190	9,761	9,998	11,287
EPS	55.42	108.45	113.01	107.44	100.97	101.74	158.99	191.34	51.91	53.14	—
Dividend Payout %	18.04%	10.14%	10.62%	4.53%	18.31%	19.98%	21.92%	23.52%	19.07%	20.32%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 23%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: 24%
5 Years:: 32%
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 31%
3 Years:: 38%
1 Year:: 72%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 16%
3 Years:: 17%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	253	271	374	376	376	376
	11,075	13,349	15,609	17,778	21,315	25,662	42,737	48,122	55,862	65,308
	50,871	82,391	88,201	94,616	1,06,596	1,14,830	1,58,173	1,86,431	2,35,096	2,51,444
Trade Payables	134	220	133	144	153	166	293	212	299	332
	17,703	7,843	3,958	5,290	5,977	6,579	13,414	-748	-1,519	-569
Total Liabilities	80,010	1,04,029	1,08,129	1,18,055	1,34,294	1,47,507	2,14,992	2,34,392	2,90,113	3,16,892
	84	120	145	487	435	416	3,324	3,286	2,914	2,635
	1,549	2,341	3,999	2,798	3,198	6,809	8,565	10,657	15,599	14,783
	0	0	0	0	0	0	0	52	51	52
Cash & Bank	4,441	3,675	3,981	7,315	16,442	16,355	15,817	7,597	20,968	7,795
	73,936	97,894	1,00,003	1,07,454	1,14,219	1,23,927	1,87,286	2,12,801	2,50,582	2,91,627
Total Assets	80,010	1,04,029	1,08,129	1,18,055	1,34,294	1,47,507	2,14,992	2,34,392	2,90,113	3,16,892

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2,031	-12,295	-4,183	-1,399	-2,980	-7,707	-12,617	-27,670	-42,275	-12,981
Cash from Investing	-1	103	-76	-55	-25	-34	-180	-238	3,678	-544
Cash from Financing	3,046	13,017	5,550	4,579	12,226	8,505	9,647	24,416	43,265	8,585
	338	-40	-62	2,060	7,962	-388	-6,375	-3,492	4,668	-4,940

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25.41	25.40	25.40	25.40	25.39	25.39	25.38	25.38	20.30
	54.26	53.27	53.06	53.55	52.58	49.58	47.19	45.13	54.74
	15.24	16.21	15.93	15.34	16.32	18.62	21.24	23.24	19.86
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	5.07	5.09	5.58	5.69	5.65	6.35	6.10	6.18	5.04

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

ESOP/ESOS/ESPS

2026-09-10 - Shriram Finance Limited has informed the Exchange regarding Allotment of 61491 Shares.

2026-09-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Shriram Finance Limited has informed the Exchange about Schedule of meet

2026-09-09

Allotment of Securities

2026-09-09 - Shriram Finance Limited has informed the Exchange regarding allotment of 222000 securities pursuant to Non Convertible Securities at its meeting held on September 09, 2026

2026-09-04

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-04 - Shriram Finance Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-03

Credit Rating

2026-09-03 - Shriram Finance Limited has informed the Exchange about Credit Rating

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Shriram Finance Limited has informed the Exchange about Schedule of meet

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Shriram Finance Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Shriram Finance Limited has informed the Exchange about Schedule of meet

2026-08-25

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - Shriram Finance Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for SHRIRAMFIN

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