Buy Shriram Finance, target price Rs 3,825: Axis Securities
Axis Securities has initiated a coverage with a buy call on Shriram Finance with a target price of Rs 3825. The current market price of Shriram Finance is Rs 2938.4. Shriram Finance, incorporated in 1979, is a Large Cap company with a market cap of Rs 109946.78 crore, operating in NBFC sector.
Shriram Finance's key products/revenue segments include Interest, Other Operating Revenue, Fees & Commission Income, Income From Financial Services, Income From Sale Of Share & Securities, Dividend and Rental Income for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 10096.68 crore, up 5.07 % from last quarter Total Income of Rs 9609.71 crore and up 13.54 % from last year same quarter Total Income of Rs 8892.99 crore. The company has reported net profit after tax of Rs 2149.89 Crore in latest quarter.
The company's top management includes Mr.Jugal Kishore Mohapatra, Mr.Gokul Dixit, Mr.S Ravindran, Mr.Pradeep Kumar Panja, Mr.S Sridhar, Mrs.Maya Sinha, Mr.D V Ravi, Mr.Ignatius Michael Viljoen, Mr.Parag Sharma, Mr.Y S Chakravarti, Mr.Umesh Revankar, Mrs.M V Bhanumathi. Company has Haribhakti & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 38 Crore shares outstanding.
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