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SHRIRAMFIN - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.7

Stock Code SHRIRAMFIN Market Cap 1,92,126 Cr. Current Price 1,021 ₹ High / Low 1,108 ₹
Stock P/E 21.1 Book Value 321 ₹ Dividend Yield 0.97 % ROCE 11.2 %
ROE 16.4 % Face Value 2.00 ₹ DMA 50 1,008 ₹ DMA 200 841 ₹
Chg in FII Hold -2.40 % Chg in DII Hold 2.64 % PAT Qtr 2,522 Cr. PAT Prev Qtr 2,307 Cr.
RSI 48.7 MACD -5.43 Volume 40,50,602 Avg Vol 1Wk 68,83,386
Low price 566 ₹ High price 1,108 ₹ PEG Ratio 0.45 Debt to equity 3.88
52w Index 84.0 % Qtr Profit Var 5.33 % EPS 48.5 ₹ Industry PE 17.2

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT rose from ₹2,307 Cr. to ₹2,522 Cr. (5.33% growth).
  • Margins: ROE at 16.4% and ROCE at 11.2% → moderate efficiency.
  • Debt: Debt-to-equity ratio of 3.88 → high leverage, typical for NBFCs.
  • Cash Flow: Supported by strong lending operations, though debt servicing is heavy.
  • Return Metrics: EPS at ₹48.5, showing consistent earnings power.

💹 Valuation Indicators

  • P/E Ratio: 21.1 vs Industry PE of 17.2 → slightly overvalued.
  • P/B Ratio: Price ₹1,021 / Book Value ₹321 ≈ 3.18.
  • PEG Ratio: 0.45 → reasonable valuation relative to growth.
  • Intrinsic Value: Fairly valued, with limited margin of safety due to high leverage.

🏢 Business Model & Competitive Advantage

  • Operates as a leading NBFC in retail lending, vehicle finance, and SME loans.
  • Competitive advantage lies in strong distribution network and brand trust.
  • High leverage is a structural risk but common in lending businesses.
  • Challenges include interest rate cycles and credit risk management.

📈 Entry Zone Recommendation

  • Technicals: RSI at 48.7 (neutral), MACD negative, price near 50DMA (1,008) and above 200DMA (841).
  • Entry Zone: Attractive accumulation near ₹980–1,000 for long-term investors.
  • Holding Guidance: Suitable for long-term holding given strong lending franchise, but leverage risk must be monitored.


✅ Positive

  • Quarterly PAT growth of 5.33% shows steady momentum.
  • Strong ROE at 16.4% indicates efficient capital use.
  • DII holdings increased (+2.64%).

⚠️ Limitation

  • High debt-to-equity ratio (3.88).
  • ROCE modest at 11.2%.
  • P/E slightly higher than industry average (21.1 vs 17.2).

📉 Company Negative News

  • FII holdings decreased (-2.40%).
  • MACD negative, showing weak technical momentum.
  • Stock corrected from ₹1,108 to ₹1,021.

📈 Company Positive News

  • Quarterly PAT improved to ₹2,522 Cr.
  • DII confidence increased (+2.64%).
  • Strong lending franchise supports long-term growth.

🌐 Industry

  • NBFC sector plays a critical role in retail and SME financing.
  • Industry PE at 17.2 indicates sector trades at lower valuations compared to SHRIRAMFIN.
  • Rising credit demand in India supports long-term opportunities.

🔎 Conclusion

  • SHRIRAMFIN shows strong profitability and lending franchise but carries high leverage risk.
  • Valuations are slightly stretched compared to industry peers.
  • Best considered for long-term investors with entry near ₹980–1,000; holding depends on credit quality and debt management.

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