Shriram Trans Fin shares up 1.0% as Nifty gains

NEW DELHI: Shares of Shriram Finance Ltd. traded 1.0 per cent up in Thursday's trade at 11:12AM (IST). Around 2,902 shares changed hands on the counter.

The scrip opened at Rs 1399.85 and touched an intraday high and low of Rs 1418.75 and Rs 1399.85, respectively, in the session so far. Shares of the company of Shriram Finance Ltd. quoted a 52-week high of Rs 1509.25 and a 52-week low of Rs 1113.3.

Total market cap of the Shriram Finance Ltd. stood at Rs 52788.63 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 7979.75 crore for the quarter ended 31-Mar-2023, up 2.18 per cent from previous quarter's Rs 7809.39 crore and up 56.85 per cent from the year-ago quarter's Rs 5087.59 crore.

The net profit for latest quarter stood at Rs 1285.19 crore, up 17.77 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 6.04 per cent stake in the company, while foreign institutional investors held 49.78 per cent and the promoters 25.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 10.31 and a price-to-book ratio of 1.18. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Shriram Finance Ltd. belongs to the NBFC - Diversified industry.