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Shriram Finance Q2 FY27 Share Price & Earnings Call Analysis

₹841.10+1.03% today
Market cap
₹1.98L Cr
P/E
17.50
ROE
16.39%
PEG
0.95
Price to sales
3.95
Debt to equity
3.80
52W high / low
₹1,141 / ₹738
Sales growth (5Y)
22.54%
EBITDA margin
73.97%
Net profit margin
20.83%
Promoter holding
20.30%
Sales (last year)
₹49,997 Cr

Business Overview Shriram Transport Finance Company Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It's a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers. [1]

Guidance scorecard · Q2 FY27 call

What Shriram Finance Ltd's management guided
and where it ranks in Finance

#43of 59 in
Finance
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Shriram Finance expects overall growth around 18% for FY '27, with cautious optimism to revise post Q2 depending on monsoon impact.
  • MSME portfolio growth projected to be higher than overall book growth (18%), supported by expansion into North and East regions.
  • Commercial vehicle (CV) growth expected at around 15%, with new vehicle financing gaining share from 16% of disbursements currently to 20-25% in medium term.
  • Construction equipment sales showing signs of recovery; growth expected to resume from next quarter after previous negative trends.
  • Gold loan portfolio planned to double in size over next 3 years due to branch expansion.

2 more points from Shriram Finance Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Shriram Finance Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Shriram Finance plans to add around 150 new branches in FY '27 to support growth, indicating capital investment in branch expansion.
  • There will be an increase in manpower aligned with branch expansion without significant rise in operational costs, suggesting investment in human resources.
  • The company is focusing on scaling its MSME portfolio geographically, especially in North and East India, requiring investment in specialized staffing and infrastructure.

2 more points from Shriram Finance Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Shriram Finance Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Shriram Finance Ltd said on the order book →

Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Shriram Finance Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

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Shriram Finance Ltd announcements

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Financials of Shriram Finance Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Shriram Finance Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +25.43%25.42%25.41%25.40%25.40%25.39%25.39%25.39%25.38%25.38%20.30%20.30%
FIIs +53.97%53.90%54.28%53.29%53.08%53.58%52.61%49.61%47.21%45.15%54.75%55.65%
DIIs +15.77%15.69%15.24%16.21%15.93%15.34%16.32%18.65%21.29%23.29%19.90%19.01%
Public +4.83%5.00%5.07%5.07%5.58%5.68%5.64%6.34%6.11%6.18%5.03%5.03%
No. of Shareholders1,07,2541,18,0311,26,5291,40,6801,81,3982,30,8212,53,5122,98,6082,98,4753,34,7053,52,5503,62,958

Financials of Shriram Finance Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +8,5558,9229,4849,60510,09010,69811,45411,53611,91212,17112,51313,40013,792
Interest3,6223,7073,9884,1294,3504,7515,2245,4015,5255,2595,3365,2044,965
Expenses +2,4542,6342,7122,6612,8363,0333,2933,0623,1093,3973,1043,4063,725
Financing Profit2,4802,5812,7832,8152,9032,9142,9373,0733,2793,5144,0734,7905,103
Financing Margin %29%29%29%29%29%27%26%27%28%29%33%36%37%
Other Income +47598754861,5746692618189
Depreciation137147153153159162171173174177175183180
Profit before tax2,3912,4942,7172,7152,8304,3262,7722,9063,1133,3633,9174,6264,932
Tax %25%25%26%25%24%25%23%26%26%25%23%25%25%
Net Profit +1,7921,8742,0212,0312,1533,2492,1442,1592,3142,5303,0213,4533,684
EPS in Rs9.529.9410.6910.7611.3917.2711.4011.4812.3013.4516.0614.6715.66
Gross NPA %
Net NPA %

Financials of Shriram Finance Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +9,17710,35910,90313,50215,53616,56117,42219,25530,49236,38843,94148,13551,877
Interest4,7065,0885,2196,4097,5648,3139,0899,77312,98715,58818,52921,58620,765
Expenses +2,7813,4473,7123,2884,1714,6834,9325,8168,70610,27812,27912,60213,632
Financing Profit1,6911,8241,9723,8053,8013,5653,4023,6668,79910,52313,13213,94717,481
Financing Margin %18%18%18%28%24%22%20%19%29%29%30%29%34%
Other Income +2311272014141816251575272
Depreciation4338353743141137135601588645699714
Profit before tax1,6501,7891,9383,8963,7783,4393,2783,5498,2149,96012,64413,30016,839
Tax %38%34%35%35%32%27%24%24%27%26%24%25%
Net Profit +1,0281,1841,2662,5492,5762,5122,4992,7216,0207,3999,57610,02412,687
EPS in Rs8.139.3510.0020.1420.3619.8617.7120.1232.1139.2050.8153.2859.84
Dividend Payout %22%19%7%10%11%5%18%20%22%23%19%20%

Financials of Shriram Finance Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital227227227227227227253271374376376376471
Reserves9,0399,94911,10513,46315,73617,91521,46425,82443,13848,57156,09465,542110,964
Borrowing46,69549,79053,08082,13187,91494,735106,546114,846164,202195,496234,197250,692236,272
Other Liabilities +6,1938,04810,0341,5391,5421,3891,6471,3282,8583,8233,3304,7647,056
Total Liabilities62,15468,01374,44697,360105,419114,266129,910142,268210,573248,266293,998321,375354,762
Fixed Assets +1541521361221474894374183,7143,7182,9142,6352,536
CWIP00000000660000
Investments3,0371,3401,5182,4564,1262,9363,3476,9717,4309,47215,78814,99319,397
Other Assets +58,96266,52272,79194,782101,146110,841126,126134,879199,363235,076275,296303,746332,829
Total Assets62,15468,01374,44697,360105,419114,266129,910142,268210,573248,266293,998321,375354,762

Financials of Shriram Finance Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-9,611-5,507-2,677-13,142-5,535-2,464-4,239-8,859-17,625-31,101-43,652-13,281
Cash from Investing Activity +-45-36-286-76-55-25-345,076-2583,630-241
Cash from Financing Activity +7,8362,8223,01713,0145,5504,57912,2268,50511,82027,60944,5218,587
Net Cash Flow-1,819-2,721338-42-622,0607,962-388-730-3,7504,499-4,936
Free Cash Flow-9,655-5,543-2,695-13,208-5,611-2,519-4,264-8,893-17,818-31,361-43,903-13,475

Financials of Shriram Finance Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %12%12%12%20%17%15%13%11%17%16%16%16%

Guidance history

How Shriram Finance Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →10–20%Flat—Planned—
Q3 FY26 call →20–40%Up 0–2%None plannedPlannedRising
Q2 FY26 call →10–20%Flat—Planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

23out of 100

Momentum score · price trend

23 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+15.0%71%
Last 6 months−13.0%33%
Last 3 months−20.3%17%

The price is 27% below its all-time high of ₹1,141 (6 Aug 2026). Stocks more than 20% below their peak have their score halved, so 45 became 23.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Shriram Finance Ltd: 0.4 × 71 + 0.4 × 33 + 0.2 × 17 = 45, halved to 23 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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