ASIAN FINANCIAL SERVICES ASSOCIATION

Shriram Finance shares up 0.74% as Nifty gains

Shares of Shriram Finance Ltd. traded 0.74 per cent up in Monday's trade at 11:16AM (IST). Around 6,331 shares changed hands on the counter.

The scrip opened at Rs 2821.55 and touched an intraday high and low of Rs 2853.0 and Rs 2788.1, respectively, in the session so far. Shares of the company of Shriram Finance Ltd. quoted a 52-week high of Rs 2853.0 and a 52-week low of Rs 1641.65.

Total market cap of the Shriram Finance Ltd. stood at Rs 106418.89 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 9918.3 crore for the quarter ended 31-Mar-2024, up 6.58 per cent from previous quarter's Rs 9305.75 crore and up 24.29 per cent from the year-ago quarter's Rs 7979.75 crore.

The net profit for latest quarter stood at Rs 2008.8 crore, up 56.3 per cent from the same quarter a year ago.

Key Financials
The company reported consolidated net sales of Rs 9918.3 crore for the quarter ended 31-Mar-2024, up 6.58 per cent from previous quarter's Rs 9305.75 crore and up 24.29 per cent from the year-ago quarter's Rs 7979.75 crore.

The net profit for latest quarter stood at Rs 2008.8 crore, up 56.3 per cent from the same quarter a year ago.

Shareholding Pattern
As of 31-Mar-2024, DIIs held 10.8 per cent stake in the firm, while foreign institutional investors held 53.9 per cent and the promoters 25.42 per cent.

Valuation Ratio
According to BSE data, the stock traded at a P/E multiple of 14.45 and a price-to-book ratio of 1.81. 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.

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