Shriram Finance Limited (SHRIRAMFIN)

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Shriram Finance Limited (SHRIRAMFIN) · mywealthgrid

About

Shriram Finance is an NBFC with ₹2.1 lakh crore market cap and ₹13.4k crore quarterly revenue, positioning it among India's significant non-bank lenders. The company delivers strong profitability with 73-75% operating margins and 16.38% ROE. Its PE valuation of 18.65x reflects market confidence in the NBFC growth cycle.

Face value: ₹2

Market cap

₹1,77,811 Cr

P/E

15.7×

P/B

2.7×

Dividend yield

1.5%

ROE

16.4%

ROCE

—

Debt / equity

3.8

OPM

73.7%

EPS (TTM)

₹60.2

Book value

₹350.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

High leverage with D/E ratio of 3.8x; verify refinancing capacity, cost-of-funds trends, and stress scenarios in volatile funding environments
Net profit margin expanded from 19.4% (Sep 2025) to 25.7% (Jun 2026); verify if expansion is sustainable or includes one-time gains
Promoter holding declined from 25.38% (Mar 2026) to 20.3% (Jun 2026) through capital raises; verify governance and control implications
FII concentration at 54.77% (up from 45.15% Mar 2026) creates outflow risk; verify fund flow patterns and rebalancing sensitivity

Generated analysis · source review pending

Growth drivers

Quarterly revenue expanded from ₹11.9k Cr (Sep 2025) to ₹13.4k Cr (Jun 2026); verify if underlying loan portfolio/AUM growth sustains this 12% pace
Net profit margin widened from 19.4% to 25.7% over same period while revenue grew 12%; verify drivers—cost leverage, portfolio mix, or credit quality improvement
Operating margins sustained at 73-75% through recent quarters; verify durability given interest rate environment and refinancing cost trends
Market confidence shown by 1y return of 78.85% and stock split (Jan 2025); verify if company pursues growth capital raises or inorganic expansion

Generated analysis · source review pending

930 historical price candles were omitted because the exchange source has not been verified.

₹945.0-2.7%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 73.7%
+Profit CAGR of 32% over the last 5 years
+Revenue CAGR of 22.5% over the last 5 years

Cons

−Heavily leveraged (debt/equity 3.8)
−Weak interest coverage of 1.6×
−Low promoter holding of 20.3%
−Promoter holding fell 5.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 37
Growth: 75

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16,562	17,420	19,255	30,477	36,380	41,834	48,133
Interest	8,270	9,054	9,734	12,931	15,522	18,455	21,521
Expenses	4,733	4,967	5,855	8,763	10,343	11,810	12,673
Financing profit	3,559	3,399	3,666	8,783	10,514	11,570	13,939
Financing margin %	21.5%	19.5%	19%	28.8%	28.9%	27.7%	29%
Other income	20	16	19	32	33	25	60
Depreciation	141	137	135	601	588	645	699
Exceptional items	0	0	0	0	0	1,554	0
Profit before tax	3,449	3,290	3,562	8,222	9,968	12,656	13,320
Tax	937	791	841	2,202	2,569	3,080	3,296
Tax %	27.2%	24%	23.6%	26.8%	25.8%	24.3%	24.7%
PAT	2,512	2,499	2,721	6,020	7,399	9,576	10,024
EPS (₹)	110.7	101.4	102.2	160.5	196.3	50.8	53.3
EPS adjusted (₹)	22.2	19.8	20.1	32.1	39.2	50.8	53.3
	4.5%	11.8%	25.4%	21.8%	22.9%	54.1%	20.3%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	227	227	253	271	374	376	376	376
Reserves	15,736	17,915	21,464	25,824	43,138	48,571	56,094	65,542
Minority interest	—	—	—	—	287	730	—	—
	87,914	94,372	1,06,196	1,14,497	1,64,202	1,95,496	2,34,197	2,50,692
	1,542	1,752	1,997	1,677	2,598	3,093	3,055	4,764
Total equity & liabilities	1,05,419	1,14,266	1,29,910	1,42,268	2,10,600	2,48,266	2,93,722	3,21,375
	145	153	127	1,855	3,183	3,717	2,914	2,635
CWIP	—	—	—	—	0	0	0	0
Investments	4,126	2,936	3,347	6,971	7,430	9,472	15,788	14,993
	1,01,148	1,11,178	1,26,437	1,33,442	1,99,987	2,35,077	2,75,020	3,03,746
Total assets	1,05,419	1,14,266	1,29,910	1,42,268	2,10,600	2,48,266	2,93,722	3,21,375

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-5,535	-2,464	-4,239	-8,859	-17,625	-31,101	-43,652	-13,281
	-76	-55	-25	-34	-193	-258	3,661	-243
	5,550	4,579	12,226	8,505	11,820	27,609	44,521	8,587
Net cash flow	-62	2,060	7,962	-388	-5,999	-3,750	4,530	-4,937
Free cash flow	-5,613	-2,521	-4,265	-8,895	-17,822	-31,287	-43,875	-13,473
CFO / Operating profit %	—	-20.8%	-34%	-66.1%	-81.2%	-119.5%	-145.4%	-37.5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	71.4%	71.5%	69.6%	71.3%	71.6%	71.8%	73.7%
EBIT margin %	70.6%	70.7%	68.9%	69.3%	70%	70.2%	72.2%
PAT margin %	15.2%	14.3%	14.1%	19.8%	20.3%	22.9%	20.8%
Working capital
Receivable days	0	0	0	—	—	—	—
Inventory days	—	—	—	0	0	0	0
Payable days	—	11	11	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	7.98	8.53	8.54	7.56	7.51	7.8	7.07
Debt to equity	5.2	4.89	4.39	3.77	3.99	4.15	3.8
Interest coverage	1.4	1.4	1.4	1.6	1.6	1.6	1.6
Asset turnover	0.14	0.13	0.14	0.14	0.15	0.14	0.15
Return ratios
Return on assets %	2.2%	1.9%	1.9%	2.9%	3%	3.3%	3.1%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	13.8%	11.5%	10.4%	13.8%	15.1%	17%	15.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25.45%	25.43%	25.42%	25.41%	25.4%	25.4%	25.4%	25.39%	25.39%	25.38%	25.38%	20.3%
	54.67%	53.97%	53.9%	54.28%	53.29%	53.08%	53.58%	52.62%	49.61%	47.22%	45.15%	54.77%
	15.18%	15.78%	15.69%	15.24%	16.22%	15.94%	15.33%	16.33%	18.66%	21.3%	23.29%	19.9%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	4.7%	4.82%	4.99%	5.07%	5.09%	5.58%	5.69%	5.66%	6.34%	6.1%	6.18%	5.03%
No. of shareholders	—	—	—	—	—	—	—	—	2,98,608	2,98,475	3,34,705	3,52,550

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹982.7 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹985.0	+1.6	+0.2%	₹985.0	29,430	+95	5,091	825
23 Nov 2026	₹985.2	+4	+0.4%	₹985.2	780	+41	170	825
29 Dec 2026	₹989.0	+3.1	+0.3%	₹998.2	12	+12	14	825

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

233

across 23 fund houses

Held by these funds

9.51%

of the company's equity

All mutual funds

13.81%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

233 schemes · 23 fund houses

		Shares
Nifty 50 ETF	SBI Mutual Fund	2.72 Cr	3,015.03	1.41%	1.444%	+1.43 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.41 Cr	1,568.1	3.66%	0.751%	-2 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	87.43 L	970.35	4.81%	0.465%	+4.3 L
ETF NIFTY 50 BEES	Nippon India Mutual Fund	85.25 L	946.16	1.41%	0.453%	+1.71 L
Large Cap Fund	Axis Mutual Fund	60.1 L	667.1	2.13%	0.319%	+5.54 L
Portfolio of Kotak Flexi Cap FundNEW	Kotak Mahindra Mutual Fund	60 L	665.94	1.18%	0.319%	—
Nifty 50 ETF	ICICI Prudential Mutual Fund	56.55 L	627.7	1.41%	0.301%	+1.36 L
Portfolio of Kotak Large & Mid Cap FundNEW	Kotak Mahindra Mutual Fund	55 L	610.45	1.89%	0.292%	—

1–8 of 233

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

249 announcementsExport CSV

1 Oct 2026, 1:24 pmCompany Update

Updates In Accordance With Regulation 30 And Other Applicable Provisions Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) 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')

General PDF

30 Sept 2026, 7:29 pmCompany Update

Imposition Of Penalty Order Received From Income Tax Department

General PDF

30 Sept 2026, 3:43 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Sept 2026, 5:33 pmCompany Update

General PDF

28 Sept 2026, 5:41 pmCompany Update

Intimation Under SEBI Circular No. SEBI/HO/MIRSD/DOS3/CIR/P/2018/139/2018 Dated November 06, 2018

General PDF

28 Sept 2026, 2:54 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Sept 2026, 12:58 pmCompany Update

Tender Offer For Purchase Of Certain Notes Issued Under The USD 3,500,000,000 Global Medium Term Note Programme

General PDF

21 Sept 2026, 12:38 pmCompany Update

Intimation Regarding Outcome Of Banking & Finance Committee Meeting

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 1:24 pm	Company Update General	Updates In Accordance With Regulation 30 And Other Applicable Provisions Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) 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')	PDF
30 Sept 2026, 7:29 pm	Company Update

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	71.4%	71.5%	69.6%	71.3%	71.6%	71.8%	73.7%
EBIT margin %	70.6%	70.7%	68.9%	69.3%	70%	70.2%	72.2%
PAT margin %	15.2%	14.3%	14.1%	19.8%	20.3%	22.9%	20.8%
Working capital
Receivable days	0	0	0	—	—	—	—
Inventory days	—	—	—	0	0	0	0
Payable days	—	11	11	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	7.98	8.53	8.54	7.56	7.51	7.8	7.07
Debt to equity	5.2	4.89	4.39	3.77	3.99	4.15	3.8
Interest coverage	1.4	1.4	1.4	1.6	1.6	1.6	1.6
Asset turnover	0.14	0.13	0.14	0.14	0.15	0.14	0.15
Return ratios
Return on assets %	2.2%	1.9%	1.9%	2.9%	3%	3.3%	3.1%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	13.8%	11.5%	10.4%	13.8%	15.1%	17%	15.2%

262 deals · 23 Sept 2021 – 26 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Sept 2025	MORGAN STANLEY ASIA SINGAPORE PTE	Block	NSE	Buy	5,33,842	₹612.70	₹32.71 Cr
26 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Sell	5,33,842	₹612.70	₹32.71 Cr
12 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE	Block	NSE	Sell	15,98,438	₹620.05	₹99.11 Cr
12 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	15,98,438	₹620.05	₹99.11 Cr
11 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	18,22,889	₹620.00	₹113.02 Cr
11 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	18,22,889	₹620.00	₹113.02 Cr
10 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	24,61,744	₹602.50	₹148.32 Cr
10 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	24,61,744	₹602.50	₹148.32 Cr
4 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	20,68,046	₹586.30	₹121.25 Cr
4 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	20,68,046	₹586.30	₹121.25 Cr

1–10 of 262

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

22

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
3	0	0	₹186.5	800	₹1.5	11	0	70
2	0	1	₹144.4	840	₹2.0	166	+79	100
3	0	0	₹138.2	880	₹3.9	178	+15	141
16	0	0	₹87.0	900	₹6.1	647	+46	369
0	0	0	₹0.0	920	₹9.1	425	+124	368
108	+6	45	₹58.7	940	₹13.9	424	+41	289
351	+43	610	₹43.2	960	₹19.2	1,899	+109	650
828	+322	2,715	₹32.2	980	₹28.4	1,478	-86	1,391

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Shriram Finance Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

41

1

1

22

Compounded sales growth

Compounded profit growth

Return on equity

Shriram Finance Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Announcements

Quarterly record

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends41

Board meetings1

Stock splits1

Bulk & block deals

Board and management

Option chain22

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

3

41

1

1

22