Shriram Finance Limited (IN:SHRIRAMFIN)
:SHRIRAMFIN
Want to see IN:SHRIRAMFIN full AI Analyst Report?
Top Page
Shriram Finance Limited
(SHRIRAMFIN)
Select Model
Select Model
Rating:61Neutral
Price Target:
₹1,066.00
▲(5.67% Upside)
Action:DowngradedDate:04/27/26
The score is primarily driven by solid profitability and growth (income statement strength) but is materially reduced by cash-flow volatility and a leveraged lender balance-sheet profile. Technicals are mildly supportive with positive MACD and price holding above key moving averages, while valuation is neutral with a mid-range P/E and modest dividend yield.
Positive Factors
Consistent revenue growth and strong margins
Multi-year revenue growth combined with durable ~20%+ net margins indicates sustainable core earnings power. For an NBFC, consistent margins suggest disciplined underwriting, pricing power on loan yields and fee income, supporting long-term profitability despite cycle swings.
Negative Factors
High leverage increases funding sensitivity
Meaningful leverage typical for lenders nevertheless raises vulnerability to rising funding costs or reduced access to capital markets. In stressed credit cycles higher debt magnifies losses and restricts strategic flexibility, making business outcomes more contingent on funding conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth and strong margins
Multi-year revenue growth combined with durable ~20%+ net margins indicates sustainable core earnings power. For an NBFC, consistent margins suggest disciplined underwriting, pricing power on loan yields and fee income, supporting long-term profitability despite cycle swings.
Read all positive factors
Shriram Finance Limited (SHRIRAMFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.21T
Dividend Yield1.08%
Average Volume (3M)235.05K
Price to Earnings (P/E)16.4
Beta (1Y)1.50
Revenue Growth11.01%
EPS Growth4.86%
CountryIN
Employees79,872
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)11.38
Shares Outstanding2,352,686,500
10 Day Avg. Volume215,751
30 Day Avg. Volume235,047
Financial Highlights & Ratios
PEG Ratio3.37
Price to Book (P/B)2.49
Price to Sales (P/S)3.40
P/FCF Ratio8.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,190.00Price Target Upside17.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)56.9
Revenue Forecast (FY)₹333.30B
Shriram Finance Limited Business Overview & Revenue Model
Company Description
Shriram Finance Limited, a non-banking finance company, primarily provides commercial vehicle financing services in India. It offers commercial vehicle loans for commercial goods vehicles, passenger vehicles, tractors and farm equipment, and const...
How the Company Makes Money
Shriram Finance primarily makes money through its lending business. Its core revenue stream is interest income earned on loans and financing products extended to customers (such as commercial vehicle and used vehicle finance, MSME/business loans, ...
Shriram Finance Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 445.19B | 481.93B | 406.43B | 338.86B | 298.62B | 192.88B |
| Gross Profit | 232.76B | 246.77B | 221.88B | 190.83B | 169.31B | 95.53B |
| EBITDA | 151.18B | 140.20B | 131.48B | 102.52B | 88.14B | 36.85B |
| Net Income | 98.64B | 100.24B | 95.54B | 73.66B | 60.11B | 27.21B |
Balance Sheet | ||||||
| Total Assets | 2.99T | 3.21T | 2.94T | 2.48T | 2.11T | 1.42T |
| Cash, Cash Equivalents and Short-Term Investments | 102.02B | 79.43B | 197.79B | 111.73B | 104.90B | 112.88B |
| Total Debt | 1.69T | 1.81T | 1.78T | 1.51T | 1.29T | 929.19B |
| Total Liabilities | 2.39T | 2.55T | 2.37T | 1.99T | 1.67T | 1.16T |
| Stockholders Equity | 606.03B | 659.19B | 564.70B | 489.47B | 435.13B | 260.94B |
Cash Flow | ||||||
| Free Cash Flow | -43.04B | 187.34B | -439.07B | -313.67B | -178.22B | -88.95B |
| Operating Cash Flow | -41.98B | 189.25B | -436.83B | -311.01B | -176.25B | -88.59B |
| Investing Cash Flow | -1.60B | -337.71B | 36.61B | -2.58B | -1.93B | -343.30M |
| Financing Cash Flow | -36.23B | 85.87B | 445.21B | 276.09B | 118.20B | 85.05B |
Shriram Finance Limited Technical Analysis
Positive
1008.80
Price Trends
1008.89
Positive
966.46
Positive
813.65
Positive
Market Momentum
6.45
Negative
57.16
Neutral
90.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRIRAMFIN, the sentiment is Positive. The current price of 1008.8 is above the 20-day moving average (MA) of 960.59, below the 50-day MA of 1008.89, and above the 200-day MA of 813.65, indicating a bullish trend. The MACD of 6.45 indicates Negative momentum. The RSI at 57.16 is Neutral, neither overbought nor oversold. The STOCH value of 90.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SHRIRAMFIN.
Shriram Finance Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹603.40B | 6.72 | ― | 2.60% | 15.57% | 21.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | ₹2.21T | 16.37 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹1.33T | 21.86 | ― | 0.12% | 20.59% | 22.13% | |
59 Neutral | ₹547.42B | 390.61 | ― | ― | 0.58% | -43.74% | |
55 Neutral | ₹304.93B | 5.31 | ― | 1.87% | 4.31% | 6.48% | |
49 Neutral | ₹249.28B | 27.09 | ― | 0.80% | -7.96% | -79.27% |
* Financial Sector Average
IN:SHRIRAMFIN
Shriram Finance Limited
937.35
314.85
50.58%
IN:CHOLAFIN
Cholamandalam Investment and Finance Co. Ltd.
1,561.05
10.21
0.66%
IN:LICHSGFIN
LIC Housing Finance Ltd
554.35
-43.67
-7.30%
IN:MAHABANK
Bank of Maharashtra
78.45
28.91
58.34%
IN:MANAPPURAM
Manappuram Finance Limited
294.50
66.45
29.14%
IN:MFSL
Max Financial Services Limited
1,586.20
304.65
23.77%
Shriram Finance Limited Corporate Events
Shriram Finance posts Q4 FY26 earnings call audio, transcript to follow
Apr 24, 2026
Shriram Finance Limited has notified exchanges that the audio recording of its Q4 FY 2025-2026 earnings conference call, held on April 24, 2026, has been uploaded to the company’s website and is accessible via a direct audio link. The compan...
Shriram Finance Inducts MUFG Nominees to Board After Strategic Share Allotment
Apr 24, 2026
Shriram Finance Limited has appointed MUFG Bank nominees Morihiko Fuji and Shinichi Fujinami as additional non-executive, non-independent directors with effect from April 24, 2026, subject to shareholder approval. The move follows the recent allot...
Shriram Finance Clears FY26 Results, Ups Total Dividend and Sets Debt-Raising Plan
Apr 24, 2026
Shriram Finance Limited’s board has approved the audited standalone and consolidated financial statements for the year ended 31 March 2026 and recommended a final dividend of Rs 6 per equity share, taking the total dividend for FY 2025-26 to...
Shriram Finance Subsidiary Wins RBI Nod to Start Primary Dealer Business
Apr 15, 2026
Shriram Finance Limited has announced that its wholly owned subsidiary, Shriram Overseas Investments Limited, has received in-principle approval from the Reserve Bank of India to commence a Primary Dealer business, subject to specified conditions....
India Ratings Lifts Shriram Finance to Top-Tier IND AAA/Stable
Apr 10, 2026
India Ratings and Research has upgraded Shriram Finance Limited’s issuer rating and long-term debt instrument ratings to IND AAA/Stable from IND AA+/Positive, reflecting strengthened credit quality. The action covers key instruments such as ...
CRISIL Upgrades Shriram Finance to AAA, Signals Stronger Credit Profile
Apr 10, 2026
CRISIL Ratings has upgraded Shriram Finance Limited’s long-term rating on bank loan facilities, fixed deposits, non-convertible debentures, subordinated debt and principal protected market-linked debentures to ‘CRISIL AAA/CRISIL PPMLD ...
ICRA Lifts Shriram Finance to AAA After MUFG’s Rs 39,618-Crore Equity Infusion
Apr 9, 2026
ICRA has upgraded Shriram Finance’s long-term credit rating on its fixed deposit and non-convertible debenture programmes to [ICRA]AAA with a Stable outlook, while also assigning the top rating to a new Rs. 2,000-crore NCD issue. The move fo...
Shriram Finance Sees Sharp Cut in Legacy Tax Penalties After Rectification Orders
Apr 1, 2026
Shriram Finance Limited has reported a substantial reduction in tax demand and penalties originally imposed on the erstwhile Shriram City Union Finance Limited by the Commercial Tax Officer, Chennai South, for financial years 2018-19 and 2019-20. ...
Shriram Finance Confirms Compliance With SEBI Dematerialisation Norms
Mar 20, 2026
Shriram Finance Limited has notified the stock exchanges and depositories that it has obtained the required compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company confirmed that sec...
Shriram Finance to Engage Global Investors at Morgan Stanley India Financials Seminar
Mar 11, 2026
Shriram Finance Limited has scheduled a group virtual meeting with a wide range of funds, analysts, institutional investors and asset managers on March 16, 2026, under the framework of SEBI’s Listing Regulations. The senior management will p...
Shriram Finance Faces Rs 93.82 Lakh GST Demand and Penalty in Tamil Nadu
Feb 1, 2026
Shriram Finance Limited has disclosed that the Commercial Tax Officer, Chennai South, has levied a tax demand and corresponding penalty totaling Rs 93.82 lakh for FY 2022-23, arising from disallowance of input tax credit on reverse charge mechanis...
Shriram Finance Faces GST Penalty Orders Linked to Amalgamated Entity
Jan 28, 2026
Shriram Finance Limited has disclosed that the Office of the Commercial Tax Officer, Chennai South, has issued orders levying tax and equal penalty demands totaling Rs 1.05 crore for FY 2020-21 and Rs 50.35 lakh for FY 2021-22, arising from allege...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.