Shriram Finance Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SHRIRAMFIN, BSE:511218 Shriram Finance Ltd.

Shriram Finance Ltd.

01 Nov 2020

612.45

-0.04%

Shriram Transport Finance Co. Ltd | Q2FY21 Result Update

Buy: Shriram Finance Ltd.

Target

Edelweiss

Shriram Transport Finance Company Ltd. (SHTF) reported numbers higher than our estimates given better than expected margins

Number of FII/FPI investors increased from 1263 to 1289 in Jun 2025 qtr.

Shriram Finance Ltd.

30 Oct 2020

612.45

-0.04%

Q2FY21 Result Update - Asset quality not yet out of woods - Accumulate

Accumulate: Shriram Finance Ltd.

Target

Prabhudas Lilladhar

Co. has been able to collect from 84%/23%/52%/71%/73%/78% borrowers in the month of Mar/Apr/May/Jun/Jul/Aug'20 respectively. Q2FY21 earnings stood mixed with better clarity on asset quality expected to emerge in forthcoming quarter. While provisioning run-rate declines and collections gain pace, our FY21 EPS estimates stand higher by 9%. With additional provision of Rs23bn pushing ECL coverage to ~40%, provisions run-rate now has come down to Rs7bn as against Rs10-11bn over past two...

Shriram Finance Ltd.'s price crossed below 30Day SMA today

Shriram Finance Ltd.

16 Sep 2020

612.45

-0.04%

[Initiation] Shriram Transport Finance (BUY): Limited pandemic headwinds initiate with BUY

Buy: Shriram Finance Ltd.

BOB Capital Markets Ltd.

Over the last four decades, Shriram Transport Finance (SHTF) has built a pan-India network in a fragmented used-CV market (~16% CV market share).

Shriram Finance Ltd.'s price crossed below 50Day SMA today

Shriram Finance Ltd.

14 Aug 2020

612.45

-0.04%

Q1FY21 Result Update - Moratorium uncertainty an overhang - Accumulate

Accumulate: Shriram Finance Ltd.

Target

Prabhudas Lilladhar

dispensation is still masking the true asset quality picture. Quarter surprised used CV financing. We reckon pent-up demand and better rural scenario aided used CV traction. Same translated into higher than expected NII although Co. could not escape NIM compression on account of excess...

Shriram Finance Ltd. is trading below its 50 day SMA of 619.9

Shriram Finance Ltd.

14 Aug 2020

612.45

-0.04%

Shriram Trans

Buy: Shriram Finance Ltd.

Yes Securities

Additional covidrelated prov. of Rs9.6bn weighed on earnings, while asset quality was stable due to standstill. CumulativecovidbufferatRs18.7bn(1.7%ofonbookAUM). Conservativebuiltupofprov.alsoreflectedinECLcoverof...

Shriram Finance Ltd.'s price crossed below 30Day SMA today

Shriram Finance Ltd.

14 Aug 2020

612.45

-0.04%

INR9.6b COVID-19 provisions in the quarter; Collection efficiency improving

Buy: Shriram Finance Ltd.

Target

Motilal Oswal

14 August2020 Shriram Transport Finance (SHTF)s 1QFY21 PAT halved to INR3.2b (6% miss). While growth was muted, collection efficiency improved MoM. SHTF also cut opex by 30% QoQ. We modestly increase FY21 estimates to factor higher AUM and lower opex. Our credit cost estimate of 3.5% for FY21 remains unchanged. on the books stood at INR115b as of 12 Aug20. With the COVID-19 provisions, SHTF has increased its Stage-3 PCR from 35% to 39% and Stage-1/2 PCR from 3.1% to 3.7% QoQ. Less than 10% of customers would need restructuring, according to management. Due to a change in accounting policy, the fair value of hedges is now routed through OCI rather than the P&L.; Since the IL&FS; crisis, the company has diversified into new borrowing sources such as retail NCDs and ECBs. The share of ECBs in total borrowings increased meaningfully to 18% YoY from 10%.

Shriram Finance Ltd. is trading above its 30 day SMA of 610.5

Shriram Finance Ltd.

12 Jun 2020

612.45

-0.04%

Shriram Transport Finance Company Ltd - Result Update Q4FY20

Buy: Shriram Finance Ltd.

Target

Edelweiss

Shriram Transport Finance Company Ltd. (SHTF) reported muted set of numbers amid a challenging macro and industry scenario

Number of FII/FPI investors increased from 1263 to 1289 in Jun 2025 qtr.

Shriram Finance Ltd.

11 Jun 2020

612.45

-0.04%

Moderate biz growth; COVID provisions mar profitability

Buy: Shriram Finance Ltd.

Target

Motilal Oswal

11 June 2020 SHTFs 4QFY20 PAT declined 70% YoY to INR2.2b (65% miss). While operating profit missed our estimates by 8% due to lower-than-expected NII, higher COVID-19 related provisions of INR9.1b led to the PAT miss. PAT declined 2% YoY in FY20 while RoA/RoE stood at 2.3%/15%. The company collected money from 84%/23%/52% of its customers in Mar/Apr/May20 and in value terms it stood at ~15%/30% of Apr/May20 collections. NIMs declined 38bp QoQ to 6.76% as the currency movement on forex borrowings and higher excess liquidity impacted margins. GS3 remained stable YoY and declined 36bp QoQ to 8.36% We downgrade our EPS estimates by 11% for FY21E on the back of lower loan book growth. Our channel checks indicate that the used CV and driver- cum-operator segments (which are SHTFs target segments) are doing much better than other segments in CV financing. AUM was flat QoQ and grew 5% YoY to INR1.1t.

Shriram Finance Ltd.'s price crossed below 50Day SMA today

Shriram Finance Ltd.

11 Jun 2020

612.45

-0.04%

Q4FY20 Result Update - Liquidity vs growth conundrum creeps in - Downgrade to 'Accumulate'

Accumulate: Shriram Finance Ltd.

Recommendation Target

Prabhudas Lilladhar

Only when we thought asset quality was on mend and liquidity overhang subsiding for SHTF, the pandemic shocks knocked both the aforesaid parameters yet again putting near term earnings under pressure. Q4FY20 witnessed 70%+ decline in PAT both YoY/QoQ to Rs2.2bn (PLe:Rs7.9bn) largely on account of Rs9.1bn COVID provisioning. Business trends stood weaker than expectations for 81-day quarter with AUMs at Rs1097bn (PLe:Rs1117bn) growing flattish QoQ (5% up YoY) led by slowing pace of...

Shriram Finance Ltd.'s price crossed below 50Day SMA today

Shriram Finance Ltd.

12 Feb 2020

612.45

-0.04%

Shriram Transport Finance Company Ltd

Buy: Shriram Finance Ltd.

Angel Broking

Outlook & Valuation: We expect STFC's AUM to grow at moderate CAGR of 11% over FY2019-22E, however, we expect operating parameter to improve at healthy rate owing to improvement in NIM, asset quality. We expect STFC to report RoA/RoE of 2.8%/17.3% in FY2021E. At CMP, the stock is trading at 1.6x FY2021E ABV and 8x

Shriram Finance Ltd.'s price crossed below 50Day SMA today

Is Shriram Transport Finance Company Ltd. worth buying?

506 Votes:

Buy 78.85%

Sell 13.83%

Hold 7.31%

RESEARCH REPORTS

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