SHRIRAMFIN
Shriram Finance share price & financials
- Price
- ₹1,001.9
- Market cap
- ₹2.4L Cr
- Sector
- Financial Services
- Calls analysed
- 9
Shriram Finance Limited Q1 FY27
What went well
- Disbursement growth of 19.51% YoY to INR49,974.49 crores in Q1 FY27, driven by strong auto industry sales.
- Assets Under Management (AUM) grew 15.26% YoY to INR3,13,798.39 crores as of June 30, 2026.
- Net Interest Income (NII) surged 33.67% YoY to INR8,055.70 crores, contributing to a 59.79% YoY increase in Profit After Tax (PAT) to INR3,444.56 crores.
What to watch
- RBI lowered India's economic growth forecast for FY27 to 6.6% (from 6.9%) and raised CPI inflation forecast to 5.1% (from 4.6%).
- Geopolitical tensions in West Asia and uneven rainfall from Southwest monsoon pose risks to agriculture, inflation, and overall spending.
What Shriram Finance Limited does
Shriram Finance is a retail-focused non-banking financial company (NBFC) that lends to underserved borrowers such as Small Road Transport Operators, first-time vehicle buyers and micro, small and medium enterprises across India. It earns primarily by extending loans against vehicles and other assets, funding itself through borrowings including non-convertible debentures, bonds and public deposits. Formed from the merger of Shriram Transport Finance with Shriram City Union Finance and Shriram Capital, it operates a pan-India branch network serving millions of customers.
Segments
- Commercial Vehicle Loans
- Passenger Vehicle Loans
- Construction Equipment Loans
- Tractor and Farm Equipment Loans
- Two-Wheeler Loans
- MSME Loans
- Personal Loans
- Gold Loans
- Market position
- One of the largest retail asset-backed NBFCs in India
- Branch offices
- 3,220 (as of March 31, 2025)
- Customers
- 9.5 million
- Employees
- 79,872
- Business team
- 61,673
- Rural centres
- 627
Guidance record · Q1 FY27
what the last two calls moved 27 tracked 7 delivered 5 missed 15 open- Gold Finance Share of AUM went quiet said Q3 FY26 Promised: Increase share of book by 2% from ~5% Q1 FY27: The original promise was not addressed. Instead, management issued a new, more specific target to double the gold portfolio's share from 2.5% to 5% over three years.
- New Vehicle Disbursements Proportion at risk said Q4 FY26 Promised: Increase from 15-20% to 20-30% over the next two quarters (by Q2 FY27) Q1 FY27: New vehicle disbursement was reported at ~16% in Q1. The target of 20-30% by Q2 FY27 seems unlikely. Management's commentary shifted to a longer timeline of 'over the period'.
- Net Interest Margin delivered said Q4 FY25 Promised: 8.5%-8.6% for FY26 Q4 FY26: Achieved. Q4 FY26 NIM was 8.61%, meeting the guided exit rate of 8.5%-8.6% for the year.
All 27 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 16.2%, net profit up 59.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,090 | 10,698 | 11,454 | 11,536 | 11,912 +18% | 12,171 +14% | 12,513 +9% | 13,400 +16% |
| Net profit | 2,153 | 3,249 | 2,144 | 2,159 | 2,314 +7% | 2,530 −22% | 3,021 +41% | 3,453 +60% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +70.1% 1Y
1Y: ₹604.8 on 10 Sept 2025 → ₹1,028.6. High ₹1,141 (6 Aug 2026), low ₹604.8 (10 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- −2.0%
- 24 Jul
- Q4 FY26
- +0.2%
- 24 Apr
- Q2 FY26
- +2.5%
- 30 Dec
- Q3 FY26
- +2.5%
- 30 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 16.5% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹30.5k Cr | ₹35.0k Cr | ₹41.8k Cr | ₹48.1k Cr |
| Interest | ₹12.9k Cr | ₹14.8k Cr | ₹18.5k Cr | ₹21.5k Cr |
| Depreciation | ₹601 Cr | ₹569 Cr | ₹645 Cr | ₹699 Cr |
| Net profit | ₹6.0k Cr | ₹7.4k Cr | ₹9.6k Cr | ₹10.0k Cr |
| Net margin | 19.8% | 21.2% | 22.9% | 20.8% |
| ROE | 17.0% | 16.0% | 16.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹253 Cr | ₹271 Cr | ₹374 Cr | ₹376 Cr | ₹376 Cr | ₹376 Cr |
| Reserves | ₹21.5k Cr | ₹25.8k Cr | ₹43.1k Cr | ₹48.6k Cr | ₹60.2k Cr | ₹65.5k Cr |
| Borrowings | ₹106.5k Cr | ₹114.8k Cr | ₹164.2k Cr | ₹195.5k Cr | — | ₹250.7k Cr |
| Other liabilities | ₹1.6k Cr | ₹1.3k Cr | ₹2.9k Cr | ₹3.8k Cr | ₹4.3k Cr | ₹4.8k Cr |
| Total liabilities | ₹129.9k Cr | ₹142.3k Cr | ₹210.6k Cr | ₹248.3k Cr | ₹299.2k Cr | ₹321.4k Cr |
| Fixed assets | ₹437 Cr | ₹418 Cr | ₹3.7k Cr | ₹3.7k Cr | ₹2.8k Cr | ₹2.6k Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹66 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3.3k Cr | ₹7.0k Cr | ₹7.4k Cr | ₹9.5k Cr | ₹13.4k Cr | ₹15.0k Cr |
| Other assets | ₹126.1k Cr | ₹134.9k Cr | ₹199.4k Cr | ₹235.1k Cr | ₹283.0k Cr | ₹303.7k Cr |
| Total assets | ₹129.9k Cr | ₹142.3k Cr | ₹210.6k Cr | ₹248.3k Cr | ₹299.2k Cr | ₹321.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −5.09 pp while DIIs added +3.58 pp. The shareholder count grew 39% to 3,52,550.
- Promoters
- 20.3%
- FIIs
- 54.8%
- DIIs
- 19.9%
- Public
- 5.0%
Since Jun 2025
- Promoters −5.09 pp
- DIIs +3.58 pp
- FIIs +2.14 pp
How it drifted, 12 quarters
Over this window promoters fell from 25.4% to 20.3% — −5.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 25.4%, FIIs 54.7%, DIIs 15.2%, Public 4.7%.Dec '23: Promoters 25.4%, FIIs 54.0%, DIIs 15.8%, Public 4.8%.Mar '24: Promoters 25.4%, FIIs 53.9%, DIIs 15.7%, Public 5.0%.Jun '24: Promoters 25.4%, FIIs 54.3%, DIIs 15.2%, Public 5.1%.Sep '24: Promoters 25.4%, FIIs 53.3%, DIIs 16.2%, Public 5.1%.Dec '24: Promoters 25.4%, FIIs 53.1%, DIIs 15.9%, Public 5.6%.Mar '25: Promoters 25.4%, FIIs 53.6%, DIIs 15.3%, Public 5.7%.Jun '25: Promoters 25.4%, FIIs 52.6%, DIIs 16.3%, Public 5.6%.Sep '25: Promoters 25.4%, FIIs 49.6%, DIIs 18.6%, Public 6.3%.Dec '25: Promoters 25.4%, FIIs 47.2%, DIIs 21.3%, Public 6.1%.Mar '26: Promoters 25.4%, FIIs 45.1%, DIIs 23.3%, Public 6.2%.Jun '26: Promoters 20.3%, FIIs 54.8%, DIIs 19.9%, Public 5.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mufg Bank Ltd Bank newly disclosed 20.02% held
- New World Fund Inc Global fund house +0.09 pp 1.20% held
The same filing shows 10 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Shriram Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mufg Bank Ltd Bank | 20.02% | newly disclosed |
| Shriram Capital Private Limited | 14.27% | −3.57 pp |
| Shriram Value Services Limited | 5.68% | −1.43 pp |
| Government Of Singapore - E Sovereign | 3.04% | −1.43 pp |
| NPS TRUST (Under different Sub accounts) Pension / PF | 1.89% | −0.40 pp |
| Kotak Mutual Fund (Under Different Sub Accounts) Mutual fund | 1.71% | −0.61 pp |
| SBI MUTUAL FUND (Under different sub accounts) Mutual fund | 1.66% | −0.39 pp |
| Motilal Oswal Mutual Fund (Under Different Sub Accounts) Mutual fund | 1.41% | −0.10 pp |
| Government Pension Fund Global Sovereign | 1.23% | −0.27 pp |
| New World Fund Inc Global fund house | 1.20% | +0.09 pp |
| UTI Mutual Fund(Under Different Sub Accounts) Mutual fund | 1.05% | −0.16 pp |
| Sanlam Life Insurance Limited | 0.33% | −0.08 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in SHRIRAMFIN
Filings to Aug 2026
0 new, 12 added, 11 trimmed, 0 sold out — net −29.33 L shares (−4.9%).
- Held by funds
- ₹6.2k Cr
- 30 schemes
- Biggest holder
- SBI Nifty 50 ETF
- ₹3.0k Cr · 1.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Nifty 50 ETF SBI Mutual Fund | ₹3.0k Cr | +1.43 L | Mar '24 |
| Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund | ₹946 Cr | +1.71 L | Mar '24 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹337 Cr | held | Dec '22 |
| SBI Flexicap Fund SBI Mutual Fund | ₹328 Cr | held | Dec '25 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹270 Cr | held | Dec '22 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹199 Cr | −22.57 L | May '23 |
| SBI Nifty Index Fund SBI Mutual Fund | ₹196 Cr | +0.06 L | Mar '24 |
| HDFC Arbitrage Fund HDFC Mutual Fund | ₹161 Cr | −9.59 L | Mar '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
12 added, 11 trimmed — net −29.33 L shares (−4.9%)
- Funds are sitting on
- +69%
- vs est. average cost
- Held by funds
- ₹6.2k Cr
- 30 schemes · ≈ 2.3% of the company
- Biggest holder
- SBI Nifty 50 ETF
- ₹3.0k Cr · 1.4% of that fund
- Longest holder
- SBI BSE 100 ETF
- 3y 9m · since Dec '22
Shares held by these funds +13%
Aug '23 5.85 cr shares Jul '26
All earnings calls (9)
Read the Q1 FY27 call →Learn to analyse Shriram Finance Limited
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