Shriram Finance Ltd

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NSEBSE

2094.4591.20 (4.55%)

03:54 PM,4th Dec 2023

2094.3089.55 (4.47%)

04:01 PM,4th Dec 2023

BSE : 511218

NSE : SHRIRAMFIN

Sector : Financials

ISIN Code : INE721A01013

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Last Updated: Dec 04 2023 | 04:01 PM IST

Market Cap (₹ Cr)

78634

Turnover (₹ Cr)

39.21

Volume (Shares)

1872166

Face Value

10

52-WK High

2108.00

52-WK High Date

04 Dec 2023

52-WK Low

1190.00

52-WK Low Date

28 Feb 2023

All Time High

2108.00

All Time High Date

04 Dec 2023

All Time Low

1.22

All Time Low Date

12 Aug 1998

Shriram Finance Ltd

Shriram Finance Limited (formerly known as Shriram Transport Finance Company Limited) is the flagship company of Shriram Group a diversified group with interests in financial services viz. Commercial vehicle finance Consumer Finance life and general insurance stock broking chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. The Company is primarily engaged in the business of financing commercial vehicles passenger vehicles construction equipment farm equipment micro small and medium enterprises two-wheelers gold and personal loans. The Company is a leader in organised financing of pre-owned commercial vehicles and two-wheelers. It has vertically integrated business model and finances passenger vehicles Construction Equipment Farm Equipment MSMEs Gold Personal loan and Working Capital Loans among others.Shriram Finance Limited was incorporated on June 30 1978 as a Public Limited Company. The Company was formed to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In year 1993 the Company launched lease Portfolio Management Scheme and managed more than 100 crore of business through this Scheme.In March 1995 the company came out with a rights issue of 64.95 lakh equity shares aggregating Rs 6.49 crore. The issue was to augment long-term resources and working capital and to enhance the leverage ability of the company. In the span of 20 years the company had fortified their presence in the market on account of their focused business segment a wide geographical coverage an effective credit monitoring and appraisal system which has resulted in high growth in business and profitability.During the year 2003-04 the company increased the windmills capacity from 4450 kwh to 8650 kwh for producing electricity. During the year 2005-06 the undertaking of Shriram Investments Ltd and Shriram Overseas Finance Ltd was amalgamated with the company with effect from the appointed date April 1 2005. Also they increased the windmills capacity from 8650 kwh to 23180 kwh.During the year 2006-07 the company made a tie up with UTI Bank for issue of co-branded credit cards with several safety features on the VISA platform exclusively to the truck operators. Also they entered into a shareholders' agreement with Ashok Leyland Ltd and their associates for purchase of 40% stake in Ashley Transport Services Ltd.In February 8 2007 the company incorporated a 100% subsidiary namely Shriram Powergen Ltd to deal with the windmill and the biomass projects of the company. During the year 2007-08 due to economic conditions and other business exigencies the company retained the business with them and disposed off their entire shareholding in their wholly-owned subsidiary company.During the year 2007-08 the company opened their own branches across 72 locations. They also extended their operations to financing of passenger commercial vehicles second-hand tractors and construction equipment during the year. During the year 2008-09 the company opened 49 branches across India. They also strengthened their core knowledge verticals relating to product Territory and Customer. During the year 2009-10 the company purchased hypothecated loan outstanding of CVs and construction equipment of GE Capital Services India and GE Capital Financial Services aggregating to approximately Rs 1100 crore. They introduced touch screen kiosks (one Stop) as a replacement for their successful campaign - 'truck Bazaars'.In June 22 2009 the company acquired the entire paid up capital of Shriram Equipment Finance Pvt Ltd and consequently Shriram Equipment Finance Pvt Ltd became a 100% subsidiary of the company. But they sold their entire investment of Rs 5 lakh during the year itself and consequently Shriram Equipment Finance Pvt Ltd ceased to be the subsidiary company.In December 15 2009 the company incorporated a wholly owned subsidiary company namely Shriram Equipment Finance Company Ltd and in February 11 2010 they incorporated Shriram Automall India Ltd as a wholly owned subsidiary. In 2010 Shriram Transport Finance Company successfully raised Rs 584 crore through Qualified Institutional Placement with domestic and international investors. During the year the company initiated financing of construction equipment.In 2011 Shriram Transport Finance Company introduced Shriram Automalls - a dedicated platform for trading of pre-owned trucks at a fair value. In 2013 Shriram Transport Finance Company's assets under management crossed Rs 50000 crore.In 2015-16 global credit rating agency Fitch upgraded long term issuer ratings to `IND AA+' from `IND AA'. Another credit rating agency CRISIL upgraded its rating on long-term debt instruments and bank facilities and fixed deposits of Shriram Transport Finance Company to 'CRISIL AA+/FAAA/Stable' from 'CRISIL AA/FAA+/Positive`. During the year Shriram Equipment Finance Company Ltd (SEFCL) a wholly owned subsidiary of Shriram Transport Finance Company was merged with Shriram Transport Finance Company. In 2016-17 Shriram Transport Finance Company successfully raised Rs 13.5 billion through issuance of `Masala Bonds' - Senior Secured Rupee Denominated Bonds' listed on Singapore Stock Exchange. On 24 January 2018 Shriram Transport Finance Company Limited (STFC) Shriram Automall India Limited (SAMIL) and MXC Solutions India Private Limited (CarTrade) entered into definitive agreements that will result in the combination of the two businesses creating India's leading used vehicle platform. CarTrade India's leading online automotive business will acquire majority stake in Shriram Automall India Limited (SAMIL) India's No.1 physical auction platform for pre-owned vehicles from STFC. SAMIL is a wholly owned subsidiary of STFC. CarTrade gets majority equity stake by paying Rs 156.37 crore to STFC as consideration for acquisition of shares of SAMIL. Further SAMIL will acquire 100% equity in Adroit Inspection Services Pvt. Ltd. from CarTrade by paying Rs 13 crore as consideration.During FY2019 the total Assets Under Management(AUM) had increased from Rs. 96252.98 crore to Rs. 104482.28 crore. During 2018-19 the Company securitised its assets worth Rs. 15123.05crore(accounting for 14.47% of the total assets under management as on 31 March 2019) as against Rs. 12467.16 crore during 2017-18. During the year 2018-19 the Company through Shelf Prospectus dated 22 June 2018 offered 50000000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1000 each to the Public for an amount aggregating upto Rs. 500000 lacs pursuant to the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations 2008 as amended. The Company under the Shelf Prospectus and three Tranche Prospectuses issued and allotted 47926294 NCDs aggregating to Rs. 479262.94 lacs. Utilisation of funds raised were as per the objects of the Public Issue of NCDs. The said NCDs are listed on the National Stock Exchange of India Limited and BSE Limited.During the FY2020 the total Assets Under Management had increased to Rs.109749.24 crore from Rs.104482.29 crore. During 2019-20 the Company securitized its assets worth Rs. 16581.13 crore (accounting for 15.11 % of the total assets under management as on 31 March 2020) as against Rs. 15123.06 crore during 2018-19.During the year 2019-20 the Company through Shelf Prospectus dated 09 July 2019 offered 100000000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1000 each to the Public for an amount aggregating up to Rs.10000 crore.As on 31 March 2020 the company had a distribution network of 1758 network branches across the country.During the Financial Year 2020-21 the Company securitized its assets worth Rs. 13622 crores of the total assets under management.During the Financial Year 2021-22 the Company securitized its assets worth Rs. 12880.16 crores of the total assets under management.The outstanding direct assigned portfolio stood at Rs. 1341.83 crores as on March 31 2022.On June 12 2021 the Company allotted 13986000 Equity Shares of face value Rs.10 each to eligible qualified institutional buyers at the Issue Price of Rs. 1430/- per Equity Share (including a premium of Rs. 1420/- per Equity Share) aggregating to Rs. 19999980000/- under the QIP issue.During the year 2022-23 the amalgamation of Shriram Capital Limited (SCL) with its Remaining undertaking with Shriram Transport Finance Company Limited (the Holding Company) and amalgamation of Shriram City Union Finance Limited (SCUF) with its entire undertaking with the Company through Composite Scheme of Arrangement became effective from April 01 2022 and accordingly the name of the Company was changed from Shriram Transport Finance Company Limited to Shriram Finance Limited with effect from November 30 2022.During the Financial Year 2022-23 the Company securitised its assets worth Rs. 16965.25 crores (accounting for 9.14% of the total assets under management as on March 31 2023).

Shriram Finance Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

78634

EPS - TTM (₹) [S]

173.44

P/E Ratio (X) [S]

1.71

Face Value (₹) 10
Latest Dividend (%)200.00
Latest Dividend Date 06 Nov 2023
Dividend Yield (%) 1.67
Book Value Share (₹) [S]1226.15
P/B Ratio (₹) [S]1.71
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
UTI-Money Market Fund (G) 340.75 3500000000 2.78
UTI-Money Market Fund - Regular (G) 340.75 3500000000 2.78
UTI-Money Market Fund - Direct (G) 340.75 3500000000 2.78
UTI-Liquid Fund (G) 198.80 2000000000 0.93
UTI-Liquid Fund - Regular (G) 198.80 2000000000 0.93
UTI-Liquid Fund - Direct (G) 198.80 2000000000 0.93
UTI-Ultra Short Duration Fund (G) 48.68 500000000 2.22
UTI-Ultra Short Duration Fund - Inst (G) 48.68 500000000 2.22
UTI-Ultra Short Duration Fund - Direct (G) 48.68 500000000 2.22
Mirae Asset Cash Management Fund (G) 99.40 10000000 0.92

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Research Reports

Date BrokerActionPrices(Rs)Report
28-04-2023Prabhudas Lilladher Hold 1405
03-02-2023Prabhudas Lilladher Buy 1270

Stock Strength

Today's Low/High

2007.25

2108.00

Week Low/High

1934.55

2108.00

Month Low/High

1926.90

2108.00

Year Low/High

1190.00

2108.00

All time Low/High

2.40

2108.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week7.55%7.55%4.394.51%
1 Month4.01%4.02%6.997.57%
3 Month10.55%10.59%4.935.93%
6 Month48.08%48.19%10.1011.61%
1 Year62.44%62.32%9.5410.65%
3 Year108.75%108.80%52.7656.03%

Company Info

Company Information

Non-Exec. & Independent Dir. : S Sridhar

Non-Exec & Non-Independent Dir : D V Ravi

Executive Vice Chairman : Umesh Revankar

Non-Exec. & Independent Dir. : Pradeep Kumar Panja

Non-Exec & Non-Independent Dir : Ignatius Michael Viljoen

Managing Director & CEO : Y S Chakravarti

Joint Managing Director & CFO : Parag Sharma

Chairman & Independent Directo : Jugal Kishore Mohapatra

Independent Director : Maya Sinha

Company Sec. & Compli. Officer : U Balasundararao

Registered Office: Sri Towers No 14A South Phase, Indl Estate Guindy,Chennai,Tamil Nadu-600032 Ph: 91-44-48524666

Email:secretarial@stfc.in

URL:http://www.shriramfinance.in