Shriram Finance shares up 1.41% as Nifty gains
Shriram Finance Ltd. traded 1.41 per cent up in Thursday's trade at 10:40AM (IST). Around 7,303 shares changed hands on the counter.
The counter opened at Rs 2575.6 and touched an intraday high and low of Rs 2615.0 and Rs 2575.6, respectively, in the session so far. Shares of the company of Shriram Finance Ltd. quoted a 52-week high of Rs 2658.0 and a 52-week low of Rs 1390.2.
As per BSE, the total market cap of the Shriram Finance Ltd. stood at Rs 96789.2 crore at the time of writing this report.
Key Financials The company reported consolidated 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, domestic institutional investors held 10.8 per cent stake in the company, while foreign institutional investors held 53.9 per cent and the promoters 23.41 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 13.14 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.
Shriram Finance Ltd. belongs to the NBFC — Diversified industry.
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