New Delhi: Shares of Shriram Finance Ltd. rose by 2.18% in Tuesday’s trading session at 12:27 PM (IST). About 14,578 shares changed hands during this time. The stock opened at Rs 529.95 and reached a high of Rs 537.80 and a low of Rs 519.00 on that day. Over the past year, Shriram Finance’s stock hit its highest price at Rs 730.43 and its lowest at Rs 438.83.
As of now, the whole company is worth about Rs 100,266.94 crore.
Key Financials
For the quarter ending on September 30, 2024, the company reported sales of Rs 10,096.68 crore, which is a 5.07% increase from the last quarter’s Rs 9,609.71 crore and a 13.54% rise from Rs 8,892.99 crore a year ago. The company made a profit of Rs 2,140.4 crore, up by 19.84% from the same time last year.
Shareholding Pattern
As of September 30, 2024, domestic institutional investors owned 10.64% of the company, foreign institutional investors held 53.29%, and promoters covered 24.99%.
Valuation Ratio
According to NiftyStat data, the stock is trading at a price-to-earnings (P/E) ratio of 12.47 and a price-to-book ratio of 1.81. A higher P/E ratio means investors expect faster growth, while the price-to-book value shows how much investors are willing to pay even if the company doesn’t grow. Shriram Finance Ltd. is part of the diversified non-banking financial company (NBFC) industry.
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