SHRIRAM FINANCE LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,502 INR | +0.34% |
|
+5.74% | +21.92% |
| Apr. 26 | India's Shriram Finance beats Q4 profit view on strong loan demand | RE |
| Apr. 26 | Shriram Finance Limited Reports Earnings Results for the Full Year Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 288,912 | 150,423 | 359,828 | 307,067 | 471,722 | 940,234 | - | - |
| Enterprise Value (EV) 1 | 1,024,827 | 901,390 | 1,098,545 | 1,072,487 | 1,536,847 | 886,946 | 2,913,882 | 3,210,744 |
| P/E ratio | 11.3 x | 6.01 x | 14.1 x | 11.2 x | 7.92 x | 12.4 x | 11.2 x | 9.4 x |
| Yield | 0.94% | 0.75% | 1.27% | 1.76% | 1.59% | 1.43% | 1.8% | 1.71% |
| Capitalization / Revenue | 3.6 x | 1.81 x | 4.29 x | 3.22 x | 2.73 x | 4.4 x | 3.98 x | 3.44 x |
| EV / Revenue | 12.8 x | 10.8 x | 13.1 x | 11.2 x | 8.91 x | 4.4 x | 12.3 x | 11.7 x |
| EV / EBITDA | 8.99 x | 7.69 x | - | - | - | 26.8 x | 27.8 x | 27.1 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.82 x | 0.84 x | 1.67 x | 1.17 x | 1.09 x | 1.92 x | 1.68 x | 1.46 x |
| Nbr of stocks (in thousands) | 226,883 | 226,883 | 253,062 | 270,520 | 374,427 | 375,793 | - | - |
| Reference price 2 | 1,273 | 663.0 | 1,422 | 1,135 | 1,260 | 2,502 | 2,502 | 2,502 |
| Announcement Date | 5/8/19 | 6/10/20 | 4/29/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 80,344 | 83,124 | 83,821 | 95,399 | 172,571 | 201,583 | 236,298 | 273,608 |
| EBITDA 1 | 113,973 | 117,186 | - | - | - | 99,138 | 104,892 | 118,595 |
| EBIT 1 | 61,605 | 62,336 | 63,964 | 74,101 | 123,441 | 142,020 | 166,026 | 196,328 |
| Operating Margin | 76.68% | 74.99% | 76.31% | 77.67% | 71.53% | 70.45% | 70.26% | 71.76% |
| Earnings before Tax (EBT) 1 | 37,783 | 34,387 | 32,780 | 35,492 | 81,849 | 96,836 | 114,566 | 133,139 |
| Net income 1 | 25,640 | 25,018 | 24,873 | 27,079 | 59,793 | 71,905 | 85,217 | 99,271 |
| Net margin | 31.91% | 30.1% | 29.67% | 28.39% | 34.65% | 35.67% | 36.06% | 36.28% |
| EPS 2 | 113.0 | 110.3 | 101.0 | 101.7 | 159.0 | 191.0 | 223.2 | 266.3 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 12.00 | 5.000 | 18.00 | 20.00 | 20.00 | 35.68 | 45.00 | 42.85 |
| Announcement Date | 5/8/19 | 6/10/20 | 4/29/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,069 | 22,100 | 21,534 | 22,676 | 24,351 | 26,839 | 26,913 | 27,607 | 45,003 | 45,270 | 45,171 | 46,019 | 51,067 | 55,048 | 55,498 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 16,637 | 16,617 | 16,743 | 17,168 | 19,076 | 21,114 | 21,120 | 21,130 | 33,016 | 30,810 | 31,262 | 32,157 | 35,991 | 38,690 | - |
| Operating Margin | 75.39% | 75.19% | 77.75% | 75.71% | 78.34% | 78.67% | 78.48% | 76.54% | 73.36% | 68.06% | 69.21% | 69.88% | 70.48% | 70.28% | - |
| Earnings before Tax (EBT) 1 | 9,890 | 9,380 | 2,347 | 10,406 | 9,233 | 13,506 | 13,069 | 14,407 | 23,844 | 18,964 | 22,476 | 22,933 | 25,399 | 26,000 | - |
| Net income 1 | 7,277 | 7,549 | 1,699 | 7,712 | 6,806 | 10,861 | 9,653 | 10,669 | 17,770 | 13,083 | 16,754 | 17,145 | 18,547 | 19,245 | - |
| Net margin | 32.98% | 34.16% | 7.89% | 34.01% | 27.95% | 40.47% | 35.87% | 38.64% | 39.49% | 28.9% | 37.09% | 37.26% | 36.32% | 34.96% | - |
| EPS 2 | 29.54 | 30.65 | 6.640 | 28.71 | 25.26 | 40.15 | 35.68 | 39.44 | 47.26 | 34.78 | 44.55 | 45.57 | 49.72 | 51.49 | 53.13 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | 41.73 | - |
| Announcement Date | 1/28/21 | 4/29/21 | 7/30/21 | 10/29/21 | 1/24/22 | 4/28/22 | 7/28/22 | 10/20/22 | 1/31/23 | 4/27/23 | 7/27/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 735,915 | 750,967 | 738,717 | 765,420 | 1,065,125 | 1,712,955 | 1,973,649 | 2,270,511 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.457 x | 6.408 x | - | - | - | 17.28 x | 18.82 x | 19.15 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 17.4% | 14.8% | 12.6% | 11.1% | 17.3% | 15.5% | 16.5% | 16.5% |
| ROA (Net income/ Total Assets) | 2.53% | 2.28% | 2.04% | 1.88% | 3.46% | 3.22% | 3.34% | 3.29% |
| Assets 1 | 1,012,634 | 1,097,106 | 1,219,066 | 1,440,388 | 1,728,832 | 2,237,875 | 2,559,601 | 3,018,372 |
| Book Value Per Share 2 | 698.0 | 794.0 | 852.0 | 974.0 | 1,157 | 1,305 | 1,479 | 1,710 |
| Cash Flow per Share | - | - | -172.0 | -333.0 | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 5/8/19 | 6/10/20 | 4/29/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.92% | 11.27B | |
| -8.14% | 49.88B | |
| -5.25% | 30.53B | |
| +63.88% | 29.08B | |
| +20.03% | 23.38B | |
| +16.97% | 17.94B | |
| -6.99% | 11.81B | |
| -20.90% | 8.31B | |
| +14.34% | 8.13B | |
| +36.65% | 6.39B |
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- Financials Shriram Finance Limited
