Shriram Finance shares down 0.47% as Nifty gains

NEW DELHI: Shares of Shriram Finance Ltd. traded 0.47 per cent down in Wednesday's trade at 01:13PM (IST). Around 7,659 shares changed hands on the counter.

The scrip opened at Rs 2004.95 and touched an intraday high and low of Rs 2004.95 and Rs 1973.2, respectively, in the session so far. The stock of Shriram Finance Ltd. quoted a 52-week high of Rs 2049.95 and a 52-week low of Rs 1190.0.

Total market cap of the Shriram Finance Ltd. stood at Rs 74198.61 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 8892.99 crore for the quarter ended 30-Sep-2023, up 7.24 per cent from previous quarter's Rs 8292.53 crore and up 66.18 per cent from the year-ago quarter's Rs 5351.28 crore.

The net profit for latest quarter stood at Rs 1786.11 crore, up 67.0 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2023, domestic institutional investors held 9.57 per cent stake in the company, while foreign institutional investors held 54.67 per cent and the promoters 25.45 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 11.28 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.