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1 Comment
Shriram Transport Finance Company Limited is currently in a long term uptrend where the price is trading 20.8% above its 200 day moving average.
From a valuation standpoint, the stock is 87.7% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 4.3.
Shriram Transport Finance Company Limited's total revenue sank by 49.0% to $22B since the same quarter in the previous year.
Its net income has dropped by 16.8% to $7B since the same quarter in the previous year.
Finally, its free cash flow fell by 50.8% to $-34B since the same quarter in the previous year.
Based on the above factors, Shriram Transport Finance Company Limited gets an overall score of 2/5.
Sector | Financials |
---|---|
Industry | Banking Services |
Exchange | NSE |
CurrencyCode | INR |
ISIN | INE721A01013 |
Target Price | None |
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Dividend Yield | 2.3% |
Beta | 0.92 |
Market Cap | 514B |
PE Ratio | 9.7 |
Shriram Finance Limited, a non-banking finance company, primarily provides commercial vehicle financing services in India. It offers commercial vehicle loans for commercial goods vehicles, passenger vehicles, tractors and farm equipment, and construction equipment. The company also provides business loans; fixed and recurring deposits; and working capital loans, including tyre, tax, fuel, and toll finance, as well as vehicle insurance and repair/top-up loans. In addition, it offers challan discounting services; life and general insurance products; consumer finance services; emergency credit line guarantee schemes; stock broking services; and chit and mutual funds. As of March 31, 2022, it operated a network of 1,854 branches. The company also offers its products through 775 rural centers; and partnerships with 500 private financiers. It primarily serves first time buyers, driver-turned-owners, and small road transport operators. The company was formerly known as Shriram Transport Finance Company Limited and changed its name to Shriram Finance Limited in November 2022. Shriram Finance Limited was incorporated in 1979 and is headquartered in Mumbai, India.
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