The current market price of Shriram Transport Finance Company is Rs 1,229. Time period given by analyst is year when Shriram Transport Finance Company price can reach defined target.
Shriram Transport Finance Company, incorporated in the year 1,979, is a Large Cap company (having a market cap of Rs 33,273.92 crore) operating in NBFC sector.
Shriram Transport Finance Company key products/revenue segments include interest, fees & commission Income, Other Operating Revenue, Income From Financial Services, Income From Sale Of Share & Securities and Rental Income for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 5087.59 Crore, up 5.28 % from last quarter Total Income of Rs 4832.33 Crore and up 13.11 % from last year same quarter Total Income of Rs 4497.87 Crore. Company has reported net profit after tax of Rs 1086.13 Crore in latest quarter.
Investment RationaleShriram Transport posted Q4 earnings of Rs 10.9 billion, 32% above the brokerage’s estimate ofRs 8.2 billion and 19% above consensus. Operating income came in 6% above our estimateon account of interest write-back of Rs 1.06 billion (1% beat on our numbers excluding one-off). Used vehicle AUM increased by 70 bps as new vehicle disbursements picked up inQ4. NIMs improved on re-pricing of LT debt and higher interest write-back. Lower creditcosts (management overlay provision of Rs8bn consumed in Q4) and Rs 0.82 billion of taxreversals also boosted earnings. The proposed merger with Shriram City (SCUF) is ontrack and has been approved by BSE and NSE. For FY23, SHTF has guided for 12% YoYstandalone growth and 15% growth for the merged entity.
Promoter/FII Holdings
Promoters held 26.45 per cent stake in the company as of 31-Mar-2022, while FIIs owned 53.88 per cent, DIIs 14.0 per cent.
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