Earns primarily through interest on its lending book, which spans used and new vehicle financing across commercial vehicles, passenger vehicles, two-wheelers, three-wheelers, tractors and construction equipment, plus loans to MSMEs and gold loans. Q1 FY27 disbursements grew sharply year-on-year, riding double-digit growth across the Indian auto industry after recent GST rate cuts. The lending mix is being deliberately reweighted: new vehicle finance is targeted to rise as a share of disbursements, MSME lending to scale as a share of the book, and gold loans to be enabled across the branch network. The lender operates through more than 2,200 branches, with further expansion planned for FY27. Profitability comes from the spread between interest earned on loans and the cost of funds; credit cost is guided at around 2% of total assets. The capital base was rebuilt in April 2026 via a large equity infusion from Japan's MUFG Bank, which is now a 20% shareholder. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Vehicle financing, MSME loans, Gold loans. Asset-heavy, cyclical non-banking financial company with exposure to the Indian auto sector and rural economy
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 19,255 | 30,477 | 36,380 | 41,834 | 48,133 |
| EBITDA (ex other income) | 13,400 | 21,714 | 26,036 | 31,578 | 35,460 |
| margin % | 69.6 | 71.2 | 71.6 | 75.5 | 73.7 |
| Owners' profit | 2,721 | 6,011 | 7,366 | 9,554 | 10,024 |
| EPS, as reported (₹) | 102.23 | 160.54 | 196.32 | 50.82 | 53.29 |
| ROE % · ROCE % | 10.4 · — | 13.7 · — | 14.9 · — | 17.0 · — | 15.2 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (8,859) | (17,625) | (31,101) | (43,652) | (13,281) |
| Capex | (36) | (197) | (185) | (224) | (191) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,090 | 10,698 | 11,454 | 11,536 | 11,912 | 12,171 | 12,513 | 13,400 |
| Profit before tax | 2,752 | 4,313 | 2,772 | 2,906 | 3,113 | 3,364 | 3,917 | 4,626 |
| Net profit | 2,153 | 3,249 | 2,144 | 2,159 | 2,314 | 2,530 | 3,021 | 3,453 |
| EPS (₹) | 56.93 | 17.27 | 11.40 | 11.48 | 12.30 | 13.45 | 16.06 | 14.86 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED ◆ | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Investor meeting scheduled at CLSA Forum 2026 in Hong Kong on Sep 21 | investor communications | low | — | — |
| 10 Sept 2026 · ESOP Allotment: 61,491 Shares Issued to Employees | capital market events | low | — | — |
| 10 Sept 2026 · Shriram Finance to meet investors at Jefferies India Forum on Sept 17 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Shriram Finance allots NCDs worth Rs 2,220 Cr at 7.80% coupon | fund raising | medium | — | — |
| 4 Sept 2026 · Shriram Finance confirms share certificate dematerialization compliance | compliance | minimal | — | — |
| 3 Sept 2026 · ICRA reaffirms AAA rating; new Rs 5,000 cr NCD programme rated | credit debt | medium | — | — |
| 2 Sept 2026 · Group meeting with investors at UBS India Summit 2026 on September 10 | investor communications | low | — | — |
| 29 Aug 2026 · Newspaper ad filed for transfer of unclaimed shares to IEPF | compliance | minimal | — | — |
| 29 Aug 2026 · Newspaper ad for IEPF share transfer notice | compliance | minimal | — | — |
| 27 Aug 2026 · Investor group meeting at Elara Capital Conference on September 2 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 6.5 |
| 10.4 |
| — |
| — |
| 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.1 | 18.2 | 106 of 212 | 50% |
| P/B | 3.7 | 1.1 | 209 of 245 | 15% |
| ROE | 15.2 | 3.0 | 21 of 266 | 93% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 74.7 | 48.6 | 68 of 249 | 73% |
| Revenue growth | 16.2 | 12.6 | 105 of 231 | 55% |
| Profit growth | 59.9 | 7.8 | 80 of 251 | 68% |
| Market cap | 242019 | 33 | 2 of 260 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
