Shriram Finance logo

Shriram Finance share price

NSE: SHRIRAMFINBSE: 511218FinanceLarge Cap

Shriram Finance Limited · Formerly Shriram Transport Finance Company · Face value ₹2 · Listed Jan 1991 on BSE, Dec 1996 on NSE
Last close ₹841.10up ₹8.55 (1.03%)BSE ₹841.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹832.55.

29 Oct: open ₹826.35, high ₹843.00, low ₹820.80

52-week range of traded prices to 29 Oct 2026
₹717.40Low, 29 Oct 2025₹1,153.70High, 6 Aug 2026
Market cap
₹1,97,915 Cr42nd largest listed
P/E
15.60
P/B
1.78
Dividend yield
1.49%
ROE
14.7%
NIM
9.00%
Cost of funds
8.88%
Credit cost
2.02%
ROA
3.26%
Leverage
5.03times net worth
Volume, NSE
49,44,63354.1% delivered

Shriram Finance share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+13.9%over a year · Nifty Financial Services −10.5% · Nifty 500 −8.4%

ResultsDividend20-session average 55,90,438 shares a day, 58.0% delivered

About Shriram Finance

Shriram Finance Limited is a non-banking financial company, a lender regulated by the Reserve Bank of India that is not a bank.1 It lends to small road transport operators, first-time buyers of commercial vehicles, small businesses, low-income groups and women, particularly in semi-urban and rural India.2 Its loans cover commercial vehicles, passenger vehicles, two-wheelers, construction and farm equipment, small businesses (MSMEs), gold, personal loans and working capital.3

It also takes deposits from the public, and it reports all its business as a single segment, financing, in India alone.14 Its registered office is in Chennai and its corporate office in Mumbai.5 It holds 44.56% of Shriram Automall India Limited, which runs auctions of used vehicles, equipment, gold and property.67

It was incorporated in 1979 and first offered its shares to the public in 1984.8 In the year to Mar 2023, Shriram City Union Finance Limited and Shriram Capital Limited were merged into the company, which then took its present name.9 In the year to Mar 2025 it sold its housing finance subsidiary, Shriram Housing Finance Limited, now Truhome Finance Limited, to Warburg Pincus for ₹3,929 crore.1011

It is part of the Shriram group, which also works in consumer finance, life and general insurance, stock broking and distribution.12 Its promoter group, which includes Shriram Capital Private Limited and Shriram Value Services Limited, held 20.30% of its shares at the end of June 2026, against 25.39% a year earlier, as the number of its shares rose from 1,880.6 million to 2,352.9 million.1314

Shriram Finance key points

Results

  • Consolidated total revenue from operations was ₹13,400.43 crore in the quarter to Jun 2026, against ₹11,536.32 crore a year earlier, and ₹48,132.95 crore in the year to Mar 2026.15
  • Consolidated net profit was ₹3,452.77 crore in the quarter to Jun 2026, against ₹2,159.39 crore a year earlier, and ₹10,024.15 crore in the year to Mar 2026.15
  • On a standalone basis, net interest income (interest earned on loans minus interest paid on borrowings) rose 33.67% to ₹8,055.70 crore in the quarter to Jun 2026, from ₹6,026.43 crore a year earlier.16
  • The net interest margin (net interest income as a share of the assets that earn it) was 9.04% in the quarter to Jun 2026, against 8.11% a year earlier.17

Loan book and deposits

  • Assets under management (all the loans it manages, including those sold on to other lenders that it still services) were ₹3,13,798.39 crore at the end of June 2026, up 15.26% from ₹2,72,249.01 crore a year earlier.18
  • Loans for used commercial vehicles, construction equipment, tractors and farm equipment made up 74.86% of the lending portfolio at the end of March 2026.19
  • Gross stage 3 loans (loans the company counts as in default) were 4.64% of loans at the end of June 2026, and net stage 3 loans, after the provisions set aside for them, were 2.33%.20

Branches and reach

  • The company had 3,225 branches, 78,902 employees and 103.01 lakh customers at the end of June 2026.21
  • At the end of March 2026 Shriram Finance also ran 535 rural centres, and its branches spanned 31 states and union territories.2223
  • On its earnings call of 24 Jul 2026, the company said it plans to add around 150 branches, a tentative figure, and to take on more staff.24

Funding and capital

  • The capital adequacy ratio (capital held against risk-weighted loans, with a regulatory minimum of 15%) was 34.1% at the end of June 2026, against 20.40% at the end of March 2026.2526
  • On a standalone basis, its debt was 2.14 times its equity at the end of June 2026, after its capital raise, against 3.82 times at the end of March 2026.2728
  • The average cost of its borrowings fell to 8.56% from 8.59% in the quarter to Jun 2026, and the cost of its new borrowing was 7.77%.29
  • It raised ₹27,952.65 crore from fixed deposits in the year to Mar 2026, against ₹23,317.82 crore a year earlier.26

What the company expects

  • On its earnings call of 24 Jul 2026, the company said its earlier guidance of 18% growth in its overall book still holds, unless it revises it after the quarter to Sep 2026.3031
  • On its earnings call of 24 Jul 2026, the company said it expects gold loans to grow from around 2.5% of its book to around 5% within 3 years, and, undated, MSME (small business) loans from around 15% to around 20% of its book.3233
  • On its earnings call of 24 Jul 2026, the company said it expects new-vehicle loans to reach around 30% of its book or more, and the net interest margin to come down to around 8.5%, over a medium term of 2 to 3 years.3435
  • The company stated in its annual report for the year to Mar 2026 that it targets a three-year cut of about 100 basis points (hundredths of a percentage point) in borrowing costs, and a long-term return on assets (profit over assets) of about 3.6%.36

Recent events

  • On 15 Oct 2026 its wholly owned subsidiary Shriram Overseas Investments Limited was renamed Shriram Gilts Limited, after the Reserve Bank of India gave it approval in principle on 15 Apr 2026 to start a primary dealer business (buying and underwriting government securities).37
  • On 21 Jul 2026 the company paid a final dividend of ₹6 per share, bringing its total dividend for the year to Mar 2026 to ₹10.80 per share.38
  • After MUFG Bank's investment, its credit ratings (grades of repayment risk) were raised: CRISIL to AAA/Stable, as the company reported on 10 Apr 2026; Fitch to BBB- on 14 Apr 2026; Moody's to Baa3 from Ba1 on 8 May 2026.394041
  • On 8 Apr 2026 the company allotted 47,11,21,055 new shares to MUFG Bank Ltd at ₹840.93 each, raising ₹39,617.98 crore, for a 20% stake on a fully diluted basis (counting all shares that could be issued).42

Litigation and regulatory matters

  • By an order of 29 Sep 2026, the Income Tax Department levied a penalty of ₹67,90,07,293 on the company for assessment year 2009-10, a past tax year. The company said there is no material impact and it would appeal; its documents give no outcome.4344

Last updated

All 44 sources, each with its page
  1. 1. Annual report, 17 Jun 2026, page 51
  2. 2. Annual report, 17 Jun 2026, page 83
  3. 3. Annual report, 17 Jun 2026, page 41
  4. 4. Investor presentation, 24 Jul 2026, page 8
  5. 5. Annual report, 17 Jun 2026, page 7
  6. 6. Investor presentation, 24 Jul 2026, page 17
  7. 7. Annual report, 17 Jun 2026, page 51
  8. 8. Annual report, 17 Jun 2026, page 16
  9. 9. Annual report, 17 Jun 2026, page 16
  10. 10. Annual report, 17 Jun 2026, page 16
  11. 11. Annual report, 17 Jun 2026, page 42
  12. 12. Investor presentation, 24 Jul 2026, page 31
  13. 13. Investor presentation, 24 Jul 2026, page 61
  14. 14. Investor presentation, 24 Jul 2026, page 61
  15. 15. Investor presentation, 24 Jul 2026, page 15
  16. 16. Investor presentation, 24 Jul 2026, page 31
  17. 17. Earnings call, 24 Jul 2026, page 5
  18. 18. Investor presentation, 24 Jul 2026, page 31
  19. 19. Annual report, 17 Jun 2026, page 46
  20. 20. Earnings call, 24 Jul 2026, page 5
  21. 21. Investor presentation, 24 Jul 2026, page 31
  22. 22. Annual report, 17 Jun 2026, page 46
  23. 23. Annual report, 17 Jun 2026, page 8
  24. 24. Earnings call, 24 Jul 2026, page 14
  25. 25. Earnings call, 24 Jul 2026, page 5
  26. 26. Annual report, 17 Jun 2026, page 46
  27. 27. Investor presentation, 24 Jul 2026, page 9
  28. 28. Earnings call, 24 Jul 2026, page 5
  29. 29. Earnings call, 24 Jul 2026, page 5
  30. 30. Earnings call, 24 Jul 2026, page 6
  31. 31. Earnings call, 24 Jul 2026, page 14
  32. 32. Earnings call, 24 Jul 2026, page 7
  33. 33. Earnings call, 24 Jul 2026, page 8
  34. 34. Earnings call, 24 Jul 2026, page 7
  35. 35. Earnings call, 24 Jul 2026, page 7
  36. 36. Annual report, 17 Jun 2026, page 44
  37. 37. Exchange filing, 16 Oct 2026, page 1
  38. 38. Investor presentation, 24 Jul 2026, page 6
  39. 39. Exchange filing, 10 Apr 2026, page 1
  40. 40. Exchange filing, 14 Apr 2026, page 1
  41. 41. Exchange filing, 9 May 2026, page 1
  42. 42. Annual report, 17 Jun 2026, page 45
  43. 43. Exchange filing, 30 Sep 2026, page 1
  44. 44. Exchange filing, 30 Sep 2026, page 2

Results

Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Shriram Finance quarterly results

Income from operations growth, 12 months
+13.8%
Net profit growth, 12 months
+28.6%

Quarter to Sep 2026, against the quarter before

Income from operations
₹13,792 Crup 2.93%
Net profit
₹3,684 Crup 6.69%

Income from operations by quarter

₹10,698 CrDec 24₹11,454 CrMar 25₹11,536 CrJun 25₹11,912 CrSep 25₹12,171 CrDec 25₹12,513 CrMar 26₹13,400 CrJun 26₹13,792 CrSep 26
Peak income from operations ₹13,792 Cr, quarter to Sep 2026; lowest ₹10,698 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹3,249 CrDec 24₹2,144 CrMar 25₹2,159 CrJun 25₹2,314 CrSep 25₹2,530 CrDec 25₹3,021 CrMar 26₹3,453 CrJun 26₹3,684 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Income from operations10,69811,45411,53611,91212,17112,51313,40013,792
Net profit3,2492,1442,1592,3142,5303,0213,4533,684
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Financial Activities, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.Shriram Finance PE ratio and valuation

Price to earnings

At or below today's level on 59% of 2,241 trading days over the last 10 years.

LowestHighest
Its median14.65Industry median19.58
Price to book

At or below today's level on 45% of 1,005 trading days over the last 5 years.

LowestHighest
Its median1.90Industry median1.08
Dividend yield

At or below today's level on 69% of 2,407 trading days over the last 10 years.

LowestHighest
Its median1.12%Industry median0.75%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+34.2%+4.9%+26.8%1.2%
3 years+52.8%+18.4%+27.8%1.6%
5 years+27.0%+22.0%+2.6%1.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026. Foreign institutions include 20.02% held as foreign direct investment: a stake taken in the company directly, such as a foreign parent's, not bought by portfolio investors.Shriram Finance shareholding pattern

Shareholding by group

  • Promoters20.30%
  • Foreign institutions55.65%
  • Indian institutions19.01%
  • Individuals and others5.03%
Holder
MUFG BANK LTDForeign direct investment20.02%
SHRIRAM CAPITAL PRIVATE LIMITEDPromoter14.27%
SHRIRAM VALUE SERVICES LIMITEDPromoter5.68%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I3.75%
NPS TRUST (Under different Sub accounts)Provident and pension funds1.80%
NEW WORLD FUND INCForeign portfolio investors, category I1.30%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.88 pts, Indian institutions −0.89 pts, mutual funds −0.70 pts.

The filing reports 47,11,21,830 of its 2,35,30,45,034 shares locked in.

Mutual fund holdings

471 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 172 of the 265 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 471 funds holding Shriram Finance

Bought for the first time
3
Bought again
5
Added
141
Cut
124
Held unchanged
196
Sold out
14
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Shriram Finance insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 425 pledge filings of unclear kind
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Shriram Finance competitors and peers

Non Banking Financial Company (NBFC), 277 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Shriram Finance in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Bajaj Finance logoBajaj FinanceBAJFINANCE5,84,55526.954.75+18.8%+18.5%19.2%–3.77%9.08%0.64%
Tata Capital logoTata CapitalTATACAP1,38,53123.222.83––14.0%–––0.17%
Cholamandalam Investment and Finance Company logoCholamandalam Investment and Finance CompanyCHOLAFIN1,37,56222.113.98+21.1%+33.9%20.6%–2.34%6.79%0.12%
Muthoot Finance logoMuthoot FinanceMUTHOOTFIN1,00,2518.812.56+50.7%+84.8%33.2%–6.46%12.81%1.20%
SBI Cards and Payment Services logoSBI Cards and Payment ServicesSBICARD51,38919.702.99+5.8%+36.0%16.3%–3.29%11.24%0.46%
Piramal Finance logoPiramal FinancePIRAMALFIN44,12723.241.43––6.5%–––0.59%
Sundaram Finance logoSundaram FinanceSUNDARMFIN43,86819.762.95+13.7%+15.6%15.8%–2.56%4.60%1.01%
Authum Investment & Infrastructure logoAuthum Investment & InfrastructureAIIL42,47420.282.88−34.5%−48.8%14.2%13.3%––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.Shriram Finance dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.2Mar 182.4Mar 191Mar 203.6Mar 214Mar 227Mar 239Mar 249.9Mar 2511Mar 266.5Mar 27so far
Highest ₹10.80 a share, year to Mar 2026.
Ex-dateTypePer share
29 Oct 2026Interim₹6.50
3 Jul 2026Final₹6.00
7 Nov 2025Interim₹4.80
11 Jul 2025Final₹3.00
31 Jan 2025Interim₹2.50
7 Nov 2024Interim₹22.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Shriram Finance announcements

Shriram Finance share price by year

Each calendar year to 2025.Shriram Finance share price history

YearClose at year endChangeHighest closeLowest close
2025996.20+72.4%996.20511.65
2024577.83+40.7%725.69406.01
2023410.66+49.1%423.66240.06
2022275.38+13.1%299.30204.26
2021243.40+16.3%332.94214.17
2020209.30−10.6%268.2690.41
2019234.22−5.6%256.06185.07
2018247.99−16.3%327.80188.11
2017296.28+73.6%296.28176.88
2016170.69−0.6%260.21148.21
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026823.00833.95810.10832.55824.5262,78,21458.7%
27 Oct 2026833.80841.70819.00823.60830.7781,38,99259.5%
26 Oct 2026835.00836.00810.20825.00824.611,18,09,77648.2%
23 Oct 2026900.00923.05833.60865.00871.7571,41,14245.3%
22 Oct 2026899.00905.60885.00900.90898.0943,12,97357.5%
21 Oct 2026936.00936.00900.00904.95914.6355,57,74861.6%
19 Oct 2026937.00938.70924.00926.50930.1834,08,80654.9%
16 Oct 2026947.65951.20927.30939.95935.2032,20,11757.8%
15 Oct 2026948.90956.85936.40943.80950.2823,32,13953.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
10 Jan 2025Split0.2000Each share became 5.
9 Jul 2020Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
23 Mar 2020Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
Jugal Kishore Mohapatra
At the end of the quarter to Sep 2026
Managing director and CEO
Parag Sharma
At the end of the quarter to Sep 2026
NSE symbol
SHRIRAMFIN
BSE code
511218
ISIN
INE721A01047
Industry
Finance
Former symbols
SRTRANSFIN
CIN
L65191TN1979PLC007874
Corporate identity number, the registrar of companies' code for it
Incorporated
1979
Registered office
14A, South Phase, Industrial Estate, Guindy, Chennai 600032, Tamil Nadu
Share registrar
Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
Keeps the register of shareholders and handles transfers and dividend payments