Models
SHRIRAM FINANCE LIMITEDSHRIRAMFINFinance
₹184per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹184implied P/B 0.66× on FY26 book
Against CMP ₹1,028.60−82.2%close of 2026-09-10
Cost of equity18.90%risk-free + beta × equity risk premium
Book equity, FY26₹280per share · excess returns add ₹(97)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 65,919 | 74,476 | 84,143 | 95,066 | 1,07,406 |
| Net income at 15.2% ROE | 10,020 | 11,320 | 12,790 | 14,450 | 16,326 |
| Cost of equity charge at 18.90% | (12,456) | (14,073) | (15,900) | (17,964) | (20,295) |
| Excess return | (2,436) | (2,753) | (3,110) | (3,514) | (3,970) |
| Present value | (2,234) | (2,123) | (2,018) | (1,917) | (1,822) |
| Closing book equity | 74,476 | 84,143 | 95,066 | 1,07,406 | 1,21,348 |
| Book equity today | 65,919 |
| PV of 5 years of excess return | (10,114) |
| PV of the terminal excess return, 5% flat | (12,625) |
| add non-operating investments | 0 |
| Equity value | 43,180 |
| ÷ 235.29 crore shares | ₹184 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹597₹1,154
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 15.2% | — | 18.90% | 5% | ₹184 | (82.2)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.