Shriram Trans Fin shares up 2.34% as Nifty gains

NEW DELHI: Shares of Shriram Transport Finance Company Ltd. traded 2.34 per cent up in Thursday's trade at 12:12PM (IST). Around 12,032 shares changed hands on the counter.

The counter opened at Rs 1245.65 and touched an intraday high and low of Rs 1274.55 and Rs 1232.4, respectively, in the session so far. Shares of the company of Shriram Transport Finance Company Ltd. quoted a 52-week high of Rs 1696.15 and a 52-week low of Rs 1104.05.

As per BSE, the total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 34318.13 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 4832.33 crore for the quarter ended 31-Dec-2021, up 2.75 per cent from previous quarter's Rs 4702.81 crore and up 8.76 per cent from the year-ago quarter's Rs 4443.12 crore.

The net profit for latest quarter stood at Rs 686.02 crore, down 6.53 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors held 6.29 per cent stake in the firm, while foreign institutional investors held 53.15 per cent and the promoters 26.06 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 14.38 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.