Shriram Finance
- Market cap
- ₹ 2,04,004 Cr.
- P/E
- 15.4x
- P/B
- 2.57x
- 52-week range
- 710.25 – 1,153.7
- ROE
- 16%
- Dividend yield
- 1.2%
- Debt / equity
- 3.81
- Sector
- Finance
- Industry
- Non Banking Financial Company (NBFC)
- Listed on
- NSE, BSE
About
Shriram Finance Limited is an India-based retail asset financing non-banking finance company (NBFC). The Company is a finance provider catering to the needs of small road transport operators and small business owners and is engaged in organized financing of pre-owned commercial vehicles and two- wheelers. It has a vertically integrated business model and offers various financing products, which include passenger commercial vehicles, loans to micro and small and medium enterprises (MSMEs), tractors and farm equipment, gold, personal loans and working capital loans. It operates in the areas of loan origination, valuation of pre-owned commercial vehicles and other assets, and collections. It has a presence in consumer finance, life insurance, general insurance, stockbroking, and distribution businesses.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Non Banking Financial Company (NBFC): 288 companies →Shriram Finance against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)15.4 against a typical 22.5: cheaper than most peers (1st = cheapest).106th of 284
- Sales growth+15.8% against a typical +18.3% from a year earlier.140th of 259
- Profit growth+59.2% against a typical +20.2% from a year earlier.70th of 214
- Share price, 3 months−20.3% against a typical −4.2%.215th of 258
- Size₹ 2,04,003.7 Cr. market value against a typical ₹ 43 Cr. (1st = largest).2nd of 269
Latest announcements
Exchange filings and their impact on the company.
- 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −0.2% that dayStrong Q2 with 59% profit jump on high NIM, but growth trimmed to 15-17% with temporary credit-cost rise.
Shriram Finance published its Q2 FY27 earnings call transcript for the quarter ended September 2026. Disbursements grew 25.7% to Rs 54,079 cr, AUM grew 17% to Rs 3,29,022 cr, NII grew 38.2% to Rs 8,661 cr with NIM at 9.52%, and PAT grew 59.4% to Rs 3,677 cr. Management cut FY27 AUM growth guidance to 15-17% from 18% and said credit costs will stay 30-40 bps above the 2% norm for 1-2 quarters due to weak monsoon, with NIM settling to around 9% then 8.5%.
- Q2 PAT jumped 59% on 38% NII growth and 17% AUM growth with Rs 6.5 interim dividend.
Shriram Finance reported Q2 FY27 standalone PAT of Rs 3,677 crore, up 59.4% year-on-year, on net interest income of Rs 8,661 crore, up 38.2%. Total AUM grew 17% to Rs 329,022 crore with gross stage-3 at 4.65% and capital adequacy at 33.24%. The board declared an interim dividend of Rs 6.50 per share with record date October 29, 2026, and approved debt mobilisation including renewal of Rs 35,000 crore NCD limit.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated AAA by ICRA- CARE lowered its rating on 29 Apr 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A- (SO) | — | 1 Oct 2026 |
| ICRA | [ICRA]AAA | Stable | 3 Sep 2026 |
| India Ratings | Withdrawn | Stable | 10 Apr 2026 |
| CRISIL | Withdrawn | Stable | 9 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 1 Oct 2026 | Reaffirmed | CARE A- (SO) | — | CARE | ₹ 251.06 Cr. | |
| 22 Sep 2026 | New rating | Provisional CARE AAA (SO) | — | CARE | ₹ 1,470.41 Cr. | |
| 3 Sep 2026 | New rating | [ICRA]AAA | — | ICRA | ₹ 5,000 Cr. | |
| 26 Aug 2026 | Reaffirmed | CARE A (SO) | — | CARE | ₹ 746.84 Cr. | |
| 18 Jun 2026 | Reaffirmed | CARE A (SO) | — | CARE | ₹ 491.98 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 23 Oct 2026 | Financial Results/Dividend/Fund Raising/Other business matters | To consider and approve:1. Unaudited Standalone and Consolidated Financial Results for the second quarter and half-year ended September 30, 2026.2. Declaration of interim dividend for the Financial Year 2026-27, if any. 3. Periodical resource mobilisation plan for issuance of debt securities viz. redeemable non-convertible debentures ( NCDs )/ subordinated debentures, bonds/ notes on private placement basis and/or public issue in tranches or any other methods of borrowing in onshore/offshore market for the purpose of business of the Company. 4. Notice of Postal Ballot for seeking shareholders approval for raising of funds by way of issue of redeemable non-convertible debt securities on private placement basis for purpose of business of the Company. |
| 24 Jul 2026 | Financial Results/Fund Raising/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026, Fund Raising and other business matters |
| 24 Apr 2026 | Financial Results/Dividend/Fund Raising/Other business matters | To consider and approve1. Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2026.2. Recommendation of final dividend, if any, for the financial year ended March 31, 2026.3. Resource mobilisation plan for the financial year 2026-27 for issuance of debt securities viz. redeemable non-convertible debentures ( NCDs )/ subordinated debentures on private placement basis and/or public issue in tranches, External Commercial Borrowings including bonds/notes, securitisation and any other methods of borrowing in onshore/offshore market for the purpose of business of the Company. 4. Matters relating to the ensuring 47th Annual General Meeting of the Company. |
| 23 Jan 2026 | Financial Results/Fund Raising/Other business matters | To consider and approve the financial results for the period ended December 31, 2025, Fund Raising and other business matters |
| 19 Dec 2025 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 31 Oct 2025 | Financial Results/Dividend/Fund Raising/Other business matters | To consider and approve the financial results for the period ended September 30, 2025, dividend, Fund Raising and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,922 | 9,484 | 9,605 | 10,090 | 10,698 | 11,454 | 11,536 | 11,912 | 12,171 | 12,513 | 13,400 | 13,792 |
| Interest | 3,707 | 3,988 | 4,129 | 4,350 | 4,751 | 5,224 | 5,401 | 5,525 | 5,259 | 5,336 | 5,204 | 4,965 |
| Expenses | 2,634 | 2,712 | 2,661 | 2,836 | 3,033 | 3,293 | 3,062 | 3,109 | 3,397 | 3,104 | 3,406 | 3,725 |
| Financing Profit | 2,581 | 2,783 | 2,815 | 2,903 | 2,914 | 2,937 | 3,073 | 3,279 | 3,514 | 4,073 | 4,790 | 5,103 |
| Financing Margin % | 29% | 29% | 29% | 29% | 27% | 26% | 27% | 28% | 29% | 33% | 36% | 37% |
| Other Income | 59 | 87 | 54 | 86 | 1,574 | 6 | 6 | 9 | 26 | 18 | 18 | 9 |
| Depreciation | 147 | 153 | 153 | 159 | 162 | 171 | 173 | 174 | 177 | 175 | 183 | 180 |
| Profit before tax | 2,494 | 2,717 | 2,715 | 2,830 | 4,326 | 2,772 | 2,906 | 3,113 | 3,363 | 3,917 | 4,626 | 4,932 |
| Tax % | 25% | 26% | 25% | 24% | 25% | 23% | 26% | 26% | 25% | 23% | 25% | 25% |
| Net Profit | 1,874 | 2,021 | 2,031 | 2,153 | 3,249 | 2,144 | 2,159 | 2,314 | 2,530 | 3,021 | 3,453 | 3,684 |
| EPS in Rs | 9.94 | 10.69 | 10.76 | 11.39 | 17.27 | 11.4 | 11.48 | 12.3 | 13.45 | 16.06 | 14.67 | 15.66 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 17%
- 5 Years
- 23%
- 3 Years
- 16%
- TTM
- 14%
- 10 Years
- 24%
- 5 Years
- 32%
- 3 Years
- 19%
- TTM
- 45%
- 10 Years
- 15%
- 5 Years
- 23%
- 3 Years
- 29%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 16%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Shriram Finance | ₹ 832.55 | ₹ 2,04,004 Cr. | 15.4x | 2.6x | 16% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Jio Financial Services | ₹ 205.00 | ₹ 1,35,364 Cr. | 95.5x | 1.2x | — | 49.8% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
| Muthoot Finance | ₹ 2,366.00 | ₹ 94,987 Cr. | 10.6x | 3.1x | 30.9% | 34.3% |
Management
- Yalamati Srinivasa Chakravarti
- Chief Executive Officer, Managing Director, Executive Director
- Umesh Govind Revankar
- Executive Vice Chairman of the Board
- Parag Sharma
- Chief Financial Officer, Joint Managing Director, Whole-Time Executive Director
- R. Chandrasekar
- Joint Managing Director, Chief Compliance Officer
- U. Balasundara Rao
- Compliance Officer, Company Secretary
- Hardeep Singh Tur
- Chief Risk Officer
- S. Sunder
- Joint Managing Director
- Sanjay K. Mundra
- Executive Director - Investor Relations
Prices are delayed and for information only. Nothing on this page is investment advice.