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Shriram Transport Finance Company Ltd . Large Cap

BSE: 511218 | NSE: SRTRANSFIN
Finance
Live
15/04/2021 12:46:00 PM
1357.00 -25.55   (-1.85%)
BSE: price shown with 5 mins delayed.
Prev. Close 1382.55
Open Price 1331.00
Volume Traded 83471.00

Fundamentals

Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 52.73 56.77 63.35 58.66 43.33 50.11 54.96 112.22 113
Net Sales (Rs. Cr.) 5481.98 6172.72 7008.76 8475.98 9177.1 10358.66 10902.79 13501.92 15529.1
Adjusted Net Profit 1217.35 1309.02 1464.19 1355.82 1028.69 1183.84 1265.81 2465.61 2564.32
Book Value/ Share(Rs.) 216.35 266.55 323.41 375.05 408.35 448.44 499.41 603.35 703.49
Cash Flow -667.82 2050.75 661.15 842.78 -1819.07 -2720.58 337.76 -41.69 -61.57
Debt to Cash Flow from Operations -9.18 -14.31 -3.99 -9.53 -4.86 -9.04 -19.83 -6.25 -15.06
RONW 27.86 23.96 21.90 17.14 11.57 12.18 11.77 20.35 17.29
ROCE % 16.40 14.61 13.73 13.40 11.75 11.20 10.71 12.43 11.32
Net Operating Profit Margin % 33.72 31.96 31.15 23.62 18.44 17.63 18.09 28.85 24.58
Net Profit Margin % 22.20 21.18 20.87 16.01 11.20 11.42 11.61 18.68 16.49
Debt / Equity 4.42 4.06 4.30 4.54 4.80 4.96 4.78 5.40 5.73
Dividend Yield % 0.82 1.09 1.01 0.92 0.90 1.05 0.28 1.07 1.94
Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 53.3 55.56 59.97 55.71 54.55 51.92 55.41 108.44 113 110.27
Net Sales (Rs. Cr.) 5393.31 5883.17 6552.51 7880.2 8637.05 10289.88 10828.82 13356.63 15535.81 16568.16
Adjusted Net Profit 1230.11 1257.72 1360.92 1262.07 1238.04 1178.43 1257.51 2369.90 2564.32 2500.99
Book Value/ Share(Rs.) 216.84 264.77 317.11 364.61 407.13 447.5 498.1 598.28 697.94 793.6
Cash Flow -806.72 2176.09 642.47 842.73 -1824.34 -2684.53 337.83 -40.09 -61.57 2059.85
Debt to Cash Flow from Operations -9.72 -26.73 -4.43 -9.51 -4.47 -6.30 -19.62 -6.24 -15.88 -30.25
RONW 0.00 23.08 20.64 16.35 14.14 12.15 11.72 19.78 17.44 14.79
ROCE % 16.53 14.45 13.50 13.30 12.22 11.45 10.69 12.32 11.35 10.86
Net Operating Profit Margin % 34.43 32.14 31.00 23.54 21.78 17.66 18.08 28.43 24.56 21.59
Net Profit Margin % 22.77 21.33 20.73 16.03 14.32 11.45 11.61 18.22 16.48 15.09
Debt / Equity 4.38 3.95 4.10 4.33 4.58 4.85 4.80 5.44 5.78 5.40
Dividend Yield % 0.82 1.09 1.01 0.92 0.90 1.05 0.28 1.07 1.95 0.32

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 77.28 77.71
TTM Sales (Rs. Cr.) 17095.45 17095.45
BVPS (Rs.) 802.66 808.23
Reserves (Rs. Cr.) 20059.29 20200.03
P/BV 1.69 1.68
PE 17.89 17.79115
From the Market
52 Week High / Low (Rs) 1534.9/516.56
All Time High / Low (Rs) 1670.6/2.45
Volume Traded 83506
Market Cap (Rs. Cr.) 34987.02
Equity (Rs. Cr.) 253.061513
Face Value (Rs) 10
Industry PE 0

Quarterly Results

Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 4168.42 4140.91 4347.75 4438.37
Adjusted EPS (Rs) 9.85 14.11 27.05 28.76
Net Profit Margin % 5.36 7.73 15.75 16.40
Mar'2020 Jun'2020 Sep'2020 Dec'2020
Net Sales (Cr) 4168.42 4140.91 4347.75 4438.37
Adjusted EPS (Rs) 9.89 14.07 27.22 29.00
Net Profit Margin % 5.38 7.71 15.85 16.54

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
Utique Enterprises Ltd 1.82 10.58 2.97 -74.79
Alfred Herbert (India) Ltd 580.85 43.89 0.86 -28.71
Rane Holdings Ltd 556.55 817.53 50.82 -19.69
Tata Investment Corporation Ltd 999.9 5074.2 118.64 -22.84
Max Financial Services Ltd 861.95 30160.89 272.55 -84.03
Shriram Transport Finance Company Ltd 1357 34987.02 2501.84 -21.95
Cholamandalam Investment & Finance Company Ltd 533.8 43662.93 1052.37 -18.47
Muthoot Finance Ltd 1146.65 47072.31 3018.3 -11.26
Bajaj Finserv Ltd 9600 156113.04 666.86 -90.64
Bajaj Finance Ltd 4636 284867.14 4881.12 -26.35
Housing Development Finance Corporation Ltd 2497.55 453196.44 17769.65 -37.94

Technical

Sector

26448.35 -294.75   (-1.10%)

Index

48264.26 -279.80   (-0.58%)
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News

2021/03/31 18:10

Shriram Transport Finance Company allots NCDs aggregating Rs 3200 cr On private placement basis

Shriram Transport Finance Company has allotted 32000 Senior, secured, rated, listed, redeemable, non - convertible debentures (NCD) on Private placement basis for an aggregate Rs 3200 crore on 30 March 2021.

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2021/03/30 09:41

Shriram Transport Finance Company to consider fund raising via debt issuance In month of April 2021

Shriram Transport Finance Company will consider raising of funds by way of issue of redeemable non convertible debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions and in this regard, the meeting(s) of the concerned committees viz. the Banking and Finance Committee, Debt Issuance Committee, Bond Issuance Committee, Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities during the month ending 30 April 2021 as per their respective terms of reference, subject to such terms and conditions including the issue price of debt securities, as the said committees may deem fit.

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2021/03/30 18:36

Shriram Transport Finance Company receives reaffirmation in credit ratings From CARE

Shriram Transport Finance Company announced that CARE has reaffirmed its Ratings in respect of Non Convertible Debentures, Subordinated Debentures and Commercial Papers issued by the Company and revised its outlook of the instruments issued by the Company to 'Stable' from ' Negative'.

Non-Convertible Debentures CARE AA+/Stable (Outlook revised from 'Negative' and rating reaffirmed)
Subordinated Debt CARE AA+/Stable (Outlook revised from 'Negative' and rating reaffirmed)
Commercial Paper CARE A1+ (Reaffirmed)

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2021/03/26 09:01

Shriram Transport Finance Company prices USD 225 mn Social Bonds under USD 3 bn GMTN Programme

Shriram Transport Finance Company approved issuance of U.S.$ 225,000,000 Senior Secured Notes (Social Bonds) to be consolidated and form a single series with the U.S.$500,000,000 4.40% Notes due 2024 issued on 13 January 2021 (Social Bonds) under the U.S.$3,000,000,000 Global Medium Term Note Programme (GMTN Programme) updated on 24 December 2020.

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2021/03/25 15:02

Board of Shriram Transport Finance Company approves change in directorate At meeting held on 25 March 2021

The Board of Shriram Transport Finance Company at its meeting held on 25 March 2021 has approved the elevation of Umesh Revankar as Vice Chairman & Managing Director, with effect from 1 April 2021. Currently, Umesh Revankar is designated as Managing Director and CEO.

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2021/03/25 18:06

Board of Shriram Transport Finance Company recommends Second Interim Dividend Of Rs.6 per share

Shriram Transport Finance Company announced that the Board of Directors of the Company at its meeting held on 25 March 2021, has recommended a Second Interim dividend of Rs.6 per share (i.e.60%), subject to the approval of the shareholders.

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2021/03/18 19:03

Shriram Transport Finance Company to conduct board meeting On 25 March 2021

Shriram Transport Finance Company will hold a meeting of the Board of Directors of the Company on 25 March 2021.

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2021/03/17 10:46

Shriram Transport Finance Company receives reaffirmation in credit ratings from CRISIL

Shriram Transport Finance Company announced that CRISIL has revised its rating outlook on the long term debt instruments of the Company to 'Stable' from ' Negative' while reaffirming the ratings at 'CRISIL AA+'. The rating on commercial paper has been reaffirmed at 'CRISIL A1+'.

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2020/04/15 18:04

Shriram Transport Finance Company schedules board meeting On 20 April 2020

Shriram Transport Finance Company will hold a meeting of the Board of Directors of the Company on 20 April 2020.

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2020/04/15 19:14

Board of Shriram Transport Finance Company to consider fund raising by way of NCD issuance On 20 April 2020

The Board of Shriram Transport Finance Company will meet on 20 April 2020 to consider raising of funds by way of issue of redeemable non-convertible debentures/ subordinated debentures on private placement basis for purpose of business of the Company.

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About Company

Shriram Transport Finance Company Ltd., a flagship company of Shriram group, is India's largest player in commercial vehicle finance. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old trucks. It has a pan-India presence with a network of 1,799 branches, and employs 24,670 employees including 19,179 business team. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc.Shriram Transport Finance Company Ltd was incorporated on June 30, 1978 as a public limited company. The company was formed with a view to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In the year 1993, the company launched lease portfolio management scheme and managed more than 100 crore of business through this scheme.In March 1995, the company came out with a rights issue of 64.95 lakh equity shares aggregating Rs 6.49 crore. The issue was to augment long-term resources and working capital and to enhance the leverage ability of the company. In the span of 20 years, the company had fortified their presence in the market, on account of their focused business segment, a wide geographical coverage, an effective credit monitoring and appraisal system, which has resulted in high growth in business and profitability.During the year 2003-04, the company increased the windmills capacity from 4,450 kwh to 8,650 kwh for producing electricity. During the year 2005-06, the undertaking of Shriram Investments Ltd and Shriram Overseas Finance Ltd was amalgamated with the company with effect from the appointed date April 1, 2005. Also, they increased the windmills capacity from 8,650 kwh to 23,180 kwh.During the year 2006-07, the company made a tie up with UTI Bank for issue of co-branded credit cards, with several safety features, on the VISA platform, exclusively to the truck operators. Also, they entered into a shareholders' agreement with Ashok Leyland Ltd and their associates for purchase of 40% stake in Ashley Transport Services Ltd.In February 8, 2007, the company incorporated a 100% subsidiary, namely Shriram Powergen Ltd to deal with the windmill and the biomass projects of the company. During the year 2007-08, due to economic conditions and other business exigencies the company retained the business with them and disposed off their entire shareholding in their wholly-owned subsidiary company.During the year 2007-08, the company opened their own branches across 72 locations. They also extended their operations to financing of passenger commercial vehicles, second-hand tractors and construction equipment during the year. During the year 2008-09, the company opened 49 branches across India. They also strengthened their core knowledge verticals relating to product, Territory and Customer. During the year 2009-10, the company purchased hypothecated loan outstanding of CVs and construction equipment of GE Capital Services India and GE Capital Financial Services aggregating to approximately Rs 1,100 crore. They introduced touch screen kiosks (one Stop) as a replacement for their successful campaign - 'truck Bazaars'.In June 22, 2009, the company acquired the entire paid up capital of Shriram Equipment Finance Pvt Ltd and consequently Shriram Equipment Finance Pvt Ltd became a 100% subsidiary of the company. But, they sold their entire investment of Rs 5 lakh during the year itself and consequently Shriram Equipment Finance Pvt Ltd ceased to be the subsidiary company.In December 15, 2009, the company incorporated a wholly owned subsidiary company namely, Shriram Equipment Finance Company Ltd and in February 11, 2010, they incorporated Shriram Automall India Ltd as a wholly owned subsidiary. In 2010, Shriram Transport Finance Company successfully raised Rs 584 crore through Qualified Institutional Placement with domestic and international investors. During the year, the company initiated financing of construction equipment.In 2011, Shriram Transport Finance Company introduced Shriram Automalls - a dedicated platform for trading of pre-owned trucks at a fair value. In 2013, Shriram Transport Finance Company's assets under management crossed Rs 50000 crore.In 2015-16, global credit rating agency Fitch upgraded long term issuer ratings to `IND AA+' from `IND AA'. Another credit rating agency CRISIL upgraded its rating on long-term debt instruments and bank facilities, and fixed deposits of Shriram Transport Finance Company to 'CRISIL AA+/FAAA/Stable' from 'CRISIL AA/FAA+/Positive`. During the year, Shriram Equipment Finance Company Ltd (SEFCL), a wholly owned subsidiary of Shriram Transport Finance Company, was merged with Shriram Transport Finance Company. In 2016-17, Shriram Transport Finance Company successfully raised Rs 13.5 billion through issuance of `Masala Bonds' - Senior Secured Rupee Denominated Bonds' listed on Singapore Stock Exchange. On 24 January 2018, Shriram Transport Finance Company Limited (STFC), Shriram Automall India Limited (SAMIL) and MXC Solutions India Private Limited (CarTrade) entered into definitive agreements that will result in the combination of the two businesses creating India's leading used vehicle platform. CarTrade, India's leading online automotive business will acquire majority stake in Shriram Automall India Limited (SAMIL), India's No.1 physical auction platform for pre-owned vehicles from STFC. SAMIL is a wholly owned subsidiary of STFC. CarTrade gets majority equity stake by paying Rs 156.37 crore to STFC as consideration for acquisition of shares of SAMIL. Further SAMIL will acquire 100% equity in Adroit Inspection Services Pvt. Ltd. from CarTrade by paying Rs 13 crore as consideration.During FY2019, the total Assets Under Management(AUM) had increased from Rs. 9,6252.98 crore to Rs. 104482.28 crore. During 2018-19, the Company securitised its assets worth Rs. 15123.05crore(accounting for 14.47% of the total assets under management as on 31 March 2019) as against Rs. 12467.16 crore during 2017-18. During the year 2018-19, the Company through Shelf Prospectus dated 22 June 2018 offered 5,00,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each to the Public for an amount aggregating upto Rs. 5,00,000 lacs pursuant to the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 as amended. The Company under the Shelf Prospectus and three Tranche Prospectuses issued and allotted 4,79,26,294 NCDs aggregating to Rs. 479,262.94 lacs. Utilisation of funds raised were as per the objects of the Public Issue of NCDs. The said NCDs are listed on the National Stock Exchange of India Limited and BSE Limited.During the FY2020, the total Assets Under Management had increased to Rs.109,749.24 crore from Rs.104,482.29 crore. During 2019-20, the Company securitized its assets worth Rs. 16,581.13 crore (accounting for 15.11 % of the total assets under management as on 31 March 2020) as against Rs. 15,123.06 crore during 2018-19.During the year 2019-20, the Company through Shelf Prospectus dated 09 July 2019 offered 10,00,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each to the Public for an amount aggregating up to Rs.10,000 crore.On 24 April 2019, the Company issued 5.950% Senior Secured Notes due 2022 aggregating to USD 500 Million to the Qualified Institutional Buyers (QIBs) under the Rule 144A and to the eligible investors outside United States under Regulation S of the U.S. Securities Act 1933. Further on 17 July 2019, the Company issued Senior Secured Notes aggregating to USD 250 Million to the eligible investors outside United States under Regulation S of the U.S. Securities Act 1933. These notes were issued under the USD 2 Billion Global Medium Term Note Programme (GMTN Programme).The proceeds of Senior Secured Notes have been utilized for onward lending and other activities as permitted by the ECB Directions.The Company has been awarded by BSE Limited as Outstanding Performer on BSEBOND Platform under the Issuer category. As on 31 March 2020, the company had a distribution network of 1758 network branches across the country.On 06 August 2020, the Company allotted fully paid-up 261,78,777 Equity Shares of face value of Rs. 10/- each to the eligible equity shareholders at an issue price of Rs. 570/- per Equity Share (including premium of Rs. 560/- per Equity Share) in the Rights Issue, which opened on 16 July 2020 and closed on 30 July 2020. The entire proceeds of the Rights Issue have been utilised as per the objects stated in the offer document for the Rights issue. The fresh allotment of equity shares through Rights Issue as stated above has resulted in an increase of equity share capital by Rs. 26.18 crore and securities premium reserve by Rs. 1,446.84 crores (net of share issue expenses of Rs. 19.17 crore).On 31 January 2021, the Company issued and allotted USD 500,000,000 4.40% Senior Secured Notes due 2024 in offshore market (Social Bonds) for sum of USD 499,950,000 equivalent to Rs. 3,669.00 crore under USD 3 Billion GMTN Programme. The said Social Bonds were listed on Singapore Stock Exchange (SGX-ST) on 14 January 2021.