Not investment advice. Data and computed figures, for information only.

Shriram Finance Ltd

NSE: SHRIRAMFINF&O

₹939.95

−₹3.85 (−0.41%)

NSE · 16 Oct 2026, close

NSE

Market Cap

₹2,21,296 Cr

CMP

₹939.95

52-wk High / Low

₹1,154 / 662

P/E

19.6

P/B

2.7

Book Value

₹350.0

Div Yield

1.15%

ROCE

11.5%

ROE

16.0%

Face Value

₹2

D/E

3.80

Piotroski F-Score

/ 9

3 of 9 F-score tests passed

Graham Number

₹648

√(22.5 × EPS × book value per share)

Cash flow to profit

−1.32

CFO / PAT

Above 1.0 = operating cash flow exceeded reported profit

Sustainable growth

12.4%

ROE × earnings retention ratio

ROE stability

2.2

pp σ

Standard deviation of ROE across periods. Lower = more stable

Holder deltas

QoQ

Prom −5.08FII +9.60DII −3.39

Latest quarter vs the previous one

Cash-accrual divergence

7.6%

of assets

Low = accruals track cash flow

Strengths

+FII holding rose by 5.0pp over the last year

+PE of 19.6x is below the sector median of 20.4x

Watch-outs

−Borrowings are up 403.5% since FY2016 (49790 to 250692)

−Price trades below its 200-day moving average (0.9x)

−Promoter holding fell by 5.2pp over the last year

−Piotroski F-Score of 3/9 is in the weak band (≤3)

	Name	P/E	Mar Cap ₹ Cr	ROCE %	ROE %

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	8,003	8,555	8,922	9,484	9,605	10,090	10,698	11,454	11,536	11,912	12,171	12,513	13,400
Expenses	2,141	2,454	2,634	2,712	2,661	2,836	3,033	3,293	3,062	3,109	3,397	3,104	3,406
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	41	47	59	87	54	86	1,574	6	6	9	26	18	18
Interest	3,488	3,622	3,707	3,988	4,129	4,350	4,751	5,224	5,401	5,525	5,259	5,336	5,204
Depreciation	132	137	147	153	153	159	162	171	173	174	177	175	183
Profit before tax	2,283	2,391	2,494	2,717	2,715	2,830	4,326	2,772	2,906	3,113	3,363	3,917	4,626
Net Profit	1,712	1,792	1,874	2,021	2,031	2,153	3,249	2,144	2,159	2,314	2,530	3,021	3,453
EPS (₹)	9.10	9.52	9.94	10.69	10.76	11.39	17.27	11.40	11.48	12.30	13.45	16.06	14.67

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	9,177	10,359	10,903	13,502	15,536	16,561	17,422	19,255	30,492	36,388	43,941	48,135	49,997
Expenses	2,781	3,447	3,712	3,288	4,171	4,683	4,932	5,816	8,706	10,278	12,279	12,602	13,016
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	3	1	127	20	14	14	18	16	25	157	52	71
Interest	4,706	5,088	5,219	6,409	7,564	8,313	9,089	9,773	12,987	15,588	18,529	21,586	21,325
Depreciation	43	38	35	37	43	141	137	135	601	588	645	699	709
Profit before tax	1,650	1,789	1,938	3,896	3,778	3,439	3,278	3,549	8,214	9,960	12,644	13,300	15,019
Net Profit	1,028	1,184	1,266	2,549	2,576	2,512	2,499	2,721	6,020	7,399	9,576	10,024	11,318
EPS (₹)	8.13	9.35	10.00	20.14	20.36	19.86	17.71	20.12	32.11	39.20	50.81	53.28	56.48

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
Equity Capital	227	227	227	227	227	227	253	271	374	376	376	376	—
Reserves	9,039	9,949	11,105	13,463	15,736	17,915	21,464	25,824	43,138	48,571	56,094	65,542	—
Other Liabilities	6,193	8,048	10,034	1,539	1,542	1,389	1,647	1,328	2,858	3,823	3,330	4,764	—
Total Liabilities	62,154	68,013	74,446	97,360	1,05,419	1,14,266	1,29,910	1,42,268	2,10,573	2,48,266	2,93,998	3,21,375	—
Fixed Assets	154	152	136	122	147	489	437	418	3,714	3,718	2,914	2,635	—
CWIP	0	0	0	0	0	0	0	0	66	0	0	0	—
Investments	3,037	1,340	1,518	2,456	4,126	2,936	3,347	6,971	7,430	9,472	15,788	14,993	—
Other Assets	58,962	66,522	72,791	94,782	1,01,146	1,10,841	1,26,126	1,34,879	1,99,363	2,35,076	2,75,296	3,03,746	—
Total Assets	62,154	68,013	74,446	97,360	1,05,419	1,14,266	1,29,910	1,42,268	2,10,573	2,48,266	2,93,998	3,21,375	—
Borrowing	46,695	49,790	53,080	82,131	87,914	94,735	1,06,546	1,14,846	1,64,202	1,95,496	2,34,197	2,50,692	—

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	−4,055	−9,611	−5,507	−2,677	−13,142	−5,535	−2,464	−4,239	−8,859	−17,625	−31,101	−43,652	−13,281
Cash from Investing Activity	−112	−45	−36	−2	86	−76	−55	−25	−34	5,076	−258	3,630	−241
Cash from Financing Activity	5,010	7,836	2,822	3,017	13,014	5,550	4,579	12,226	8,505	11,820	27,609	44,521	8,587
Net Cash Flow	843	−1,819	−2,721	338	−42	−62	2,060	7,962	−388	−730	−3,750	4,499	−4,936

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	—	—	—	—	—	—	—	—	—	—	—	—	11.5
ROE %	17.0	12.0	12.0	12.0	20.0	17.0	15.0	13.0	11.0	17.0	16.0	16.0	16.0
EPS (₹)	10.73	8.13	9.35	10.00	20.14	20.36	19.86	17.71	20.12	32.11	39.20	50.81	53.28
Book Value (₹)	—	—	—	—	—	—	—	—	—	—	—	—	350.0
Face Value (₹)	—	—	—	—	—	—	—	—	—	—	—	—	2
P/E	—	—	—	—	—	—	—	—	—	—	—	—	19.6
Div Yield %	—	—	—	—	—	—	—	—	—	—	—	—	1.15
NPM %	—	11.2	11.4	11.6	18.7	16.6	15.2	14.3	14.1	19.7	20.3	21.7	20.8
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
D/E	—	5.04	4.89	4.68	6.00	5.51	5.22	4.91	4.40	3.77	3.99	4.15	3.80
P/B	—	—	—	—	—	—	—	—	—	—	—	—	2.7

Compounded sales growth

10 years+17.0%

5 years+23.0%

3 years+16.0%

TTM+14.0%

Compounded profit growth

10 years+24.0%

5 years+32.0%

3 years+19.0%

TTM+33.0%

Stock price CAGR

10 years+15.0%

5 years+29.0%

3 years+36.0%

Last year+41.0%

Return on equity

10 years16.0%

5 years16.0%

3 years16.0%

Last year16.0%

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	26.08%	26.08%	26.08%	26.08%	26.25%	26.48%	26.45%	25.51%	25.42%	25.39%	25.38%	20.30%
FIIs	47.37%	47.37%	49.48%	50.94%	64.66%	61.01%	53.88%	49.78%	53.90%	53.58%	45.15%	54.75%
DIIs	2.17%	2.17%	4.01%	3.89%	2.70%	6.87%	13.99%	11.74%	15.69%	15.34%	23.29%	19.90%
Government	—	—	—	—	—	—	—	—	—	—	—	—
Public	24.38%	24.38%	20.42%	19.09%	6.39%	5.64%	5.68%	12.96%	5.00%	5.68%	6.18%	5.03%
No. of shareholders	50,610	50,610	45,012	51,576	56,493	78,348	1,00,926	99,212	1,18,031	2,30,821	3,34,705	3,52,550

Change since Jun 2023 (pp)

Promoters −5.78FIIs +7.38DIIs +17.73Public −19.35

Announcements

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 Updates In Accordance With Regulation 30 And Other Applicable Provisions Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') Regarding Tender Offer For Purchase Of Certain Senior Secured Notes Issued Under The USD 3,500,000,000 Global Medium Term Note Programme ('GMTN Programme')Imposition Of Penalty Order Received From Income Tax Department Announcement under Regulation 30 (LODR)-Newspaper Publication

Annual reports

Annual Report 2026 Annual Report 2025 Annual Report 2024 Annual Report 2023 Annual Report 2022

Credit ratings

Rating update Rating update Rating update Rating update Rating update

Concalls

Jul 2026Transcript Jul 2026PPT Jul 2026Recording May 2026Transcript May 2026PPT May 2026Recording Jan 2026Transcript Jan 2026PPT Jan 2026Recording Nov 2025Transcript Nov 2025PPT Nov 2025Recording Jul 2025Transcript Jul 2025PPT

3 Jul 2026DIVIDENDDividend - Rs 6 Per Share—

7 Nov 2025DIVIDENDInterim Dividend - Rs 4.80 Per Share—

11 Jul 2025DIVIDENDDividend - Rs 3 Per Share—

31 Jan 2025DIVIDENDInterim Dividend - Rs 2.50 Per Share—

10 Jan 2025SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2

7 Nov 2024DIVIDENDInterim Dividend - Rs 22 Per Share—

23 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 15 Per Share—

6 Feb 2024DIVIDENDInterim Dividend - Rs 10 Per Share—

6 Nov 2023DIVIDENDInterim Dividend - Rs 20 Per Share—

16 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 20 Per Share—

3 Jan 2023DIVIDENDInterim Dividend - Rs 15 Per Share—

11 Mar 2022DIVIDENDInterim Dividend - Rs 12 Per Share—

9 Nov 2021DIVIDEND Interim Dividend - Rs 8 Per Share—

16 Jun 2021DIVIDEND Annual General Meeting/Dividend - Rs 6 Per Share—

5 Apr 2021DIVIDEND Interim Dividend - Rs 6 Per Share—

9 Nov 2020DIVIDEND Interim Dividend - Rs 6 Per Share—

9 Jul 2020RIGHTS Rights 3:26 @ Premium Rs 560/-—

7 Nov 2019DIVIDEND Interim Dividend-Rs 5 Per Sh—

19 Jun 2019DIVIDEND Annual General Meeting/Dividend - Rs 7 Per Share—

5 Nov 2018DIVIDEND Interim Dividend - Rs 5 Per Sh—

18 Jul 2018DIVIDEND Annual General Meeting/Dividend Rs 6/- Per Share—

10 Nov 2017DIVIDEND Interim Dividend - Rs 5/- Per Share (Purpose Revised)—

21 Jun 2017DIVIDEND Annual General Meeting/Dividend - Rs 6/- Per Shre—

3 Nov 2016DIVIDEND Interim Dividend Rs 4/- Per Share (Purpose Revised)—

18 Jul 2016DIVIDEND Annual General Meeting/Dividend -Rs 6/- Per Share—

5 Nov 2015DIVIDEND Interim Dividend - Rs 4/- Per Share (Purposed Revised)—

22 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 6/- Per Share—

30 Oct 2014DIVIDENDInterim Dividend Rs.4/- Per Share (Purpose Revised)—

25 Jun 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 4/- Per Share—

13 Nov 2013DIVIDENDInterim Dividend - Rs 3/- Per Share—

21 Jun 2013DIVIDENDAnnual General Meeting And Dividend - Rs.4/- Per Share—

15 Nov 2012DIVIDENDInterim Dividend Rs 3 Per Share—

21 Jun 2012DIVIDENDAnnual General Meeting And Dividend - Rs.4/- Per Share—

21 Nov 2011DIVIDENDInterim Dividend Rs.2.50 Per Share—

10 Jun 2011DIVIDENDAnnual General Meeting And Final Dividend-Rs.4/- Per Share—

8 Nov 2010DIVIDENDInterim Dividend-Rs.2.50 Per Share—

Shriram Finance Ltd

Price+39.8% over 1Y

āagman read

Peer comparison

Quarterly results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Growth

Shareholding pattern

Documents

Corporate actions