Shriram Trans Fin shares up 2.61% as Nifty gains

NEW DELHI: Shares of Shriram Finance Ltd. traded 2.61 per cent up in Monday's trade at 11:07AM (IST). Around 2,732 shares changed hands on the counter.

The stock opened at Rs 1221.95 and touched an intraday high and low of Rs 1248.2 and Rs 1221.95, 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 1002.5.

Total market cap of the Shriram Finance Ltd. stood at Rs 46556.29 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 7809.39 crore for the quarter ended 31-Dec-2022, up 45.93 per cent from previous quarter's Rs 5351.28 crore and up 61.61 per cent from the year-ago quarter's Rs 4832.33 crore.

The net profit for latest quarter stood at Rs 1798.88 crore, up 162.22 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 5.67 per cent stake in the firm, while foreign institutional investors held 42.9 per cent and the promoters 25.29 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 9.45 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 - Vehicle Finance industry.