Shriram Trans Fin Share Price: Shriram Trans Fin shares up 1.23% as Nifty drops

NEW DELHI: Shares of . traded 1.23 per cent up in Wednesday’s trade at 10:00AM (IST). Around 5,613 shares changed hands on the counter.

The counter opened at Rs 1160.0 and touched an intraday high and low of Rs 1196.4 and Rs 1160.0, respectively, in the session so far. Shares of the company of Shriram Transport Finance Company Ltd. quoted a 52-week high of Rs 1696.15 and a 52-week low of Rs 1002.5.

As per BSE, the total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 32047.12 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 5087.59 crore for the quarter ended 31-Mar-2022, up 5.28 per cent from previous quarter’s Rs 4832.33 crore and up 13.11 per cent from the year-ago quarter’s Rs 4497.87 crore.

The net profit for latest quarter stood at Rs 1091.23 crore, up 44.21 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2022, DIIs held 5.3 per cent stake in the company, while foreign institutional investors held 53.88 per cent and the promoters 26.45 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 11.78 and a price-to-book ratio of 1.18. 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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