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Fundamentals for Shriram Finance Limited
Business Operations:
Sector: Financial ServicesIndustry: Credit Services
Shriram Finance Limited, a non-banking finance company, primarily engages in the provision of financing services in India. It offers fixed and recurring deposits; commercial vehicle loans for commercial goods vehicles, passenger vehicles, tractors and farm equipment, and construction equipment; and multi-utility vehicle, two-wheeler, gold, and personal loans. The company also provides business loans, such as small and medium enterprise loans; working capital loans, including tyre, tax, fuel, and toll financing, and repair/top-up loans and challan discounting; insurance products life, motor, personal accident, and home insurance products; and payment services. It serves first time buyers, small road transport operators, and individuals; and micro, small, and medium enterprises (MSMEs) customers consisting of self-employed professionals, wholesale and retail dealers, merchants, builders, small and medium scale manufacturing concerns, and service providers. The company was formerly known as Shriram Transport Finance Company Limited and changed its name to Shriram Finance Limited in November 2022. Shriram Finance Limited was incorporated in 1979 and is based in Mumbai, India.
Revenue projections:
SHRIRAMFIN is projected to experience a revenue decline compared to last year, a development that often leads to investor caution. The drop could negatively impact the company's bottom line, as lower revenues typically signal reduced profitability, prompting more conservative investment strategies.
Financial Ratios:
| currentRatio | 2.275000 |
|---|---|
| forwardPE | 14.844454 |
| debtToEquity | 276.215000 |
| earningsGrowth | 0.000000 |
| revenueGrowth | 0.247000 |
| grossMargins | 0.964030 |
| operatingMargins | 0.704440 |
| trailingEps | 53.290000 |
| forwardEps | 69.507450 |
Shriram Finance Limited's current ratio of 2.275 shows that the company has ample resources to service its short-term debt. This indicates a solid financial position, as Shriram Finance Limited can rely on its cash reserves and current assets to cover its immediate liabilities without strain.
Shriram Finance Limited's Forward PE is positioned well, reflecting a favorable balance between stock price and earnings. The stock isn't overpriced, offering room for growth and making it a potentially rewarding investment as its value has room to rise further.
SHRIRAMFIN's high debt-to-equity ratio signals that the company is heavily leveraged. This suggests SHRIRAMFIN may be relying more on debt than equity to finance its operations, which could expose the company to greater financial risk in challenging economic conditions.
Positive gross and operating margins for SHRIRAMFIN demonstrate the company's profitability. These margins reflect strong financial performance, with efficient operations contributing to the company's ability to generate consistent profits.
SHRIRAMFIN's forward EPS is higher than its trailing EPS, which signals that the company is expected to achieve greater profitability this financial year. This suggests improved earnings performance, indicating a positive outlook for SHRIRAMFIN's financial growth.
Price projections:
The price of SHRIRAMFIN has regularly been close to the lower end of projections, suggesting that it might be struggling to meet market expectations. This trend raises questions about the company's future performance.
Recommendation changes over time:
Analysts' buy bias toward SHRIRAMFIN suggests the stock is seen as a solid investment, potentially motivating investors to consider it for their portfolios. With this positive outlook, SHRIRAMFIN is likely to be viewed as a secure place to allocate funds, driving further interest in the stock.
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