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Shriram Transport Finance Company Ltd. shares down 1.01% as Nifty gains

A total of 246,519 shares changed hands on the counter till 02:02PM (IST).

Last Updated: May 29, 2020, 02.02 PM IST
NEW DELHI: Shares of Shriram Transport Finance Company Ltd. traded 1.01 per cent down in Friday's trade at 02:02PM (IST). Around 246,519 shares changed hands on the counter.

The stock opened at Rs 567.0 and touched an intraday high and low of Rs 572.0 and Rs 547.4, respectively, in the session so far. The stock of Shriram Transport Finance Company Ltd. quoted a 52-week high of Rs 1366.9 and a 52-week low of Rs 440.0.

Total market cap of the Shriram Transport Finance Company Ltd. stood at Rs 12683.88 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 4286.04 crore for the quarter ended 31-Dec-2019, up 1.62 per cent from previous quarter's Rs 4217.54 crore and up 7.39 per cent from the year-ago quarter's Rs 3991.06 crore.

The net profit for latest quarter stood at Rs 882.19 crore, up 38.15 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 1.75 per cent stake in the company, while foreign institutional investors held 64.66 per cent and the promoters 26.25 per cent.

Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 4.18 and a price-to-book ratio of 0.79. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Shriram Transport Finance Company Ltd. belongs to the NBFC - Vehicle Finance industry.
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