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Shriram Finance Limited
(SHRIRAMFIN)
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Rating:68Neutral
Price Target:
₹1,067.00
▲(6.17% Upside)
Action:Reiterated
Date:08/06/26
The score is driven by solid financial performance led by strong profitability and revenue growth, offset by meaningful leverage and historically volatile cash flows. Technicals are supportive with a clear uptrend and positive momentum, though near-overbought signals add caution. Valuation is neutral, with a moderate P/E and low dividend yield offering limited additional support.
Positive Factors
Steady revenue growth and strong margins
Sustained revenue expansion alongside approximately 20% net margins indicates durable earnings capacity rather than growth without profitability. This supports internal reinvestment, strengthens resilience across lending cycles, and provides a solid base for continued expansion over the next several quarters.
Negative Factors
Meaningful balance-sheet leverage
Although leverage is typical for a lender, debt-to-equity at these levels increases sensitivity to funding costs, liquidity conditions and deterioration in borrower credit quality. Higher financial obligations can constrain flexibility and amplify earnings pressure during a weaker credit cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and strong margins
Sustained revenue expansion alongside approximately 20% net margins indicates durable earnings capacity rather than growth without profitability. This supports internal reinvestment, strengthens resilience across lending cycles, and provides a solid base for continued expansion over the next several quarters.
Read all positive factors
Shriram Finance Limited (SHRIRAMFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.29T
Dividend Yield1.1%
Average Volume (3M)272.40K
Price to Earnings (P/E)17.3
Beta (1Y)1.56
Revenue Growth10.38%
EPS Growth9.95%
CountryIN
Employees76,241
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)56.67
Shares Outstanding2,353,045,000
10 Day Avg. Volume150,338
30 Day Avg. Volume272,400
Financial Highlights & Ratios
PEG Ratio3.37
Price to Book (P/B)2.49
Price to Sales (P/S)3.40
P/FCF Ratio8.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,215.00Price Target Upside20.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)60.16
Revenue Forecast (FY)₹341.57B
Shriram Finance Limited Business Overview & Revenue Model
Company Description
Shriram Finance Limited, a non-banking finance company, provides financing services in India. It offers fixed and recurring deposits; commercial vehicle loans for commercial goods vehicles, passenger commercial vehicles, tractors and farm equipmen...
How the Company Makes Money
Shriram Finance primarily makes money by earning interest income on the loans it disburses, supplemented by fee-based income and other ancillary revenues typical of an NBFC. The core revenue stream is net interest income: the company borrows funds...
Shriram Finance Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 495.74B | 481.93B | 406.43B | 338.86B | 298.62B | 192.88B |
| Gross Profit | 273.00B | 246.77B | 221.88B | 190.83B | 169.31B | 95.53B |
| EBITDA | 170.68B | 140.20B | 131.48B | 102.52B | 88.14B | 36.85B |
| Net Income | 113.18B | 100.24B | 95.54B | 73.66B | 60.11B | 27.21B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.21T | 2.94T | 2.48T | 2.11T | 1.42T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 79.43B | 197.79B | 111.73B | 104.90B | 112.88B |
| Total Debt | 0.00 | 1.81T | 1.78T | 1.51T | 1.29T | 929.19B |
| Total Liabilities | -659.19B | 2.55T | 2.37T | 1.99T | 1.67T | 1.16T |
| Stockholders Equity | 659.19B | 659.19B | 564.70B | 489.47B | 435.13B | 260.94B |
Cash Flow | ||||||
| Free Cash Flow | -43.04B | 187.34B | -439.07B | -313.67B | -178.22B | -88.95B |
| Operating Cash Flow | -41.98B | 189.25B | -436.83B | -311.01B | -176.25B | -88.59B |
| Investing Cash Flow | -1.60B | -337.71B | 36.61B | -2.58B | -1.93B | -343.30M |
| Financing Cash Flow | -36.23B | 85.87B | 445.21B | 276.09B | 118.20B | 85.05B |
Shriram Finance Limited Technical Analysis
Negative
1005.00
Price Trends
1059.50
Negative
1018.50
Negative
1000.60
Negative
Market Momentum
-23.39
Positive
37.18
Neutral
21.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRIRAMFIN, the sentiment is Negative. The current price of 1005 is below the 20-day moving average (MA) of 1010.93, below the 50-day MA of 1059.50, and above the 200-day MA of 1000.60, indicating a bearish trend. The MACD of -23.39 indicates Positive momentum. The RSI at 37.18 is Neutral, neither overbought nor oversold. The STOCH value of 21.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHRIRAMFIN.
Shriram Finance Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹2.29T | 17.34 | ― | 1.10% | 10.38% | 9.95% | |
66 Neutral | ₹6.06T | 29.38 | ― | 0.62% | 17.80% | 16.10% | |
63 Neutral | ₹1.39T | 23.88 | ― | 0.12% | 19.87% | 28.06% | |
63 Neutral | ₹680.22B | 20.85 | ― | 1.04% | 12.56% | 19.25% | |
59 Neutral | ₹485.19B | 21.62 | ― | 0.92% | 13.67% | 15.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹455.53B | 13.86 | ― | 3.61% | 13.60% | 30.32% |
* General Sector Average
IN:SHRIRAMFIN
Shriram Finance Limited
983.95
342.71
53.44%
IN:BAJFINANCE
Bajaj Finance Limited
961.25
-20.32
-2.07%
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,616.00
11.88
0.74%
IN:LTF
L&T Finance Ltd
264.90
8.98
3.51%
IN:M&MFIN
Mahindra & Mahindra Financial Services Ltd.
324.85
57.52
21.51%
IN:SUNDARMFIN
Sundaram Finance Limited
4,352.45
0.56
0.01%
Shriram Finance Limited Corporate Events
Shriram Finance to Meet Select Investors at CLSA Forum in Hong Kong
Sep 11, 2026
Shriram Finance Limited has disclosed that senior management will participate in a group meeting with select investors at the CLSA 33rd Investors’ Forum 2026 in Hong Kong on September 21, 2026. The interaction will be based on the company...
Shriram Finance Confirms SEBI-Compliant Dematerialisation of Securities
Sep 4, 2026
Shriram Finance Limited has confirmed compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 regarding the dematerialisation of its securities. The company informed NSE, BSE and the depositories that its lis...
Shriram Finance Allots Shares Under 2023 ESOP Scheme
Aug 12, 2026
Shriram Finance Limited has allotted 35,104 equity shares of Rs.2 each to 54 employees following the exercise of stock options under its Employee Stock Option Scheme 2023 (No.1).This ESOP-related issuance marginally increases the company’s p...
Shriram Finance posts Q1 FY27 earnings call audio for investors
Jul 24, 2026
Shriram Finance Limited has notified exchanges that the audio recording of its Q1 FY 2026-27 earnings call, held on July 24, 2026, has been uploaded to its corporate website. The company also indicated that a full transcript of the call will be ma...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.