Time period given by analyst is one year when Shriram Transport Finance Company price can reach defined target.
Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 35957.95 Crore) operating in NBFC sector.
Shriram Transport Finance Company Ltd. 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 30-06-2021, the company reported a Consolidated Total Income of Rs 4651.50 Crore, up 3.42 % from last quarter Total Income of Rs 4497.87 Crore and up 12.23 % from last year same quarter Total Income of Rs 4144.70 Crore. Company reported net profit after tax of Rs 169.94 Crore in latest quarter.
Investment Rationale
The brokerage believes that investors can buy STFC at LTP (1.4xFY23E ABV) and add more at Rs.1198 (1.25xFY23E ABV) for the base case fair value of Rs.1488 (1.55xFY23E ABV and for the bull case fair value of Rs.1634 (1.7xFY23E ABV) over the next two quarters.
Promoter/FII Holdings
Promoters held 25.1 per cent stake in the company as of June 30, 2021, while FIIs held 57.5 per cent, DIIs 11.7 per cent and public and other 5.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
