Shriram Trans Fin Share Price: Shriram Trans Fin shares up 0.96% as Nifty gains

NEW DELHI: Shares of Shriram Transport Finance Company Ltd. traded 0.96 per cent up in Monday’s trade at 01:01PM (IST). Around 21,149 shares changed hands on the counter.

The scrip opened at Rs 1370.1 and touched an intraday high and low of Rs 1376.75 and Rs 1363.05, respectively, in the session so far. Shares of the company of Shriram Transport Finance Company Ltd. quoted a 52-week high of Rs 1534.9 and a 52-week low of Rs 555.9.

As per BSE, the total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 36727.04 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4497.87 crore for the quarter ended 31-Mar-2021, up 1.23 per cent from previous quarter’s Rs 4443.12 crore and up 7.78 per cent from the year-ago quarter’s Rs 4173.04 crore.

The net profit for latest quarter stood at Rs 756.7 crore, up 237.29 per cent from the same quarter a year ago.

Shareholding pattern

As of 12-Jun-2021, DIIs held 3.7 per cent stake in the firm, while foreign institutional investors held 59.64 per cent and the promoters 25.1 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 14.7 and a price-to-book ratio of 1.66. 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 Transport Finance Company Ltd. belongs to the NBFC – Vehicle Finance industry.

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