Shriram Finance shares down 0.26% as Nifty gains

NEW DELHI: Shares of Shriram Finance Ltd. traded 0.26 per cent down in Monday's trade at 01:03PM (IST). Around 29,894 shares changed hands on the counter.

The counter opened at Rs 1914.35 and touched an intraday high and low of Rs 1914.35 and Rs 1856.4, respectively, in the session so far. The stock of Shriram Finance Ltd. quoted a 52-week high of Rs 1974.95 and a 52-week low of Rs 1172.0.

Total market cap of the Shriram Finance Ltd. stood at Rs 70371.86 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 8292.53 crore for the quarter ended 30-Jun-2023, up 3.92 per cent from previous quarter's Rs 7979.75 crore and up 61.04 per cent from the year-ago quarter's Rs 5149.26 crore.

The net profit for latest quarter stood at Rs 1705.24 crore, up 76.43 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 8.84 per cent stake in the company, while foreign institutional investors held 55.36 per cent and the promoters 25.48 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 12.01 and a price-to-book ratio of 1.08. 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 - Diversified industry.