Shriram Trans Fin shares down 0.67% as Nifty gains

NEW DELHI: Shares of Shriram Transport Finance Company Ltd. traded 0.67 per cent down in Wednesday’s trade at 01:37PM (IST). Around 118,960 shares changed hands on the counter.

The scrip opened at Rs 1302.0 and touched an intraday high and low of Rs 1312.6 and Rs 1272.7, 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 514.52.

Total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 32634.81 crore at the time of writing this report.

Key Financials

The company reported consolidated net 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 corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 2.03 per cent stake in the firm, while foreign institutional investors held 61.01 per cent and the promoters 26.48 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 13.06 and a price-to-book ratio of 0.83. 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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