Shriram Trans Fin shares down 1.81% as Nifty drops

NEW DELHI: Shares of Shriram Transport Finance Company Ltd. traded 1.81 per cent down in Monday's trade at 01:51PM (IST). Around 15,905 shares changed hands on the counter.

The scrip opened at Rs 1605.35 and touched an intraday high and low of Rs 1609.05 and Rs 1564.0, respectively, in the session so far. The stock of Shriram Transport Finance Company Ltd. quoted a 52-week high of Rs 1696.15 and a 52-week low of Rs 902.15.

As per BSE, the total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 42182.9 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 4702.81 crore for the quarter ended 30-Sep-2021, up 1.1 per cent from previous quarter's Rs 4651.5 crore and up 8.08 per cent from the year-ago quarter's Rs 4351.26 crore.

The net profit for latest quarter stood at Rs 774.1 crore, up 12.36 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 6.28 per cent stake in the company, while foreign institutional investors held 53.67 per cent and the promoters 25.58 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 17.33 and a price-to-book ratio of 1.66. 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 Transport Finance Company Ltd. belongs to the NBFC - Vehicle Finance industry.