Shriram Transport Finance Firm Ltd., integrated within the 12 months 1979, is a Massive Cap firm (having a market cap of Rs 37455.63 Crore) working in NBFC sector.
For the quarter ended 31-03-2021, the corporate reported a Consolidated Whole Revenue of Rs 4497.87 Crore, up 1.23 % from final quarter Whole Revenue of Rs 4443.12 Crore and up 7.78 % from final 12 months similar quarter Whole Revenue of Rs 4173.04 Crore. Firm reported web revenue after tax of Rs 754.93 Crore in newest quarter.
The brokerage’s choice for SHTF in these unsure occasions is underpinned by its distinctive buyer base with a moat, together with sturdy underlying demand for used autos throughout present slowdow. It isn’t incorporating the present issuance to estimates because it has solely nominal affect on development and profitability. It would look forward to extra readability over additional capital elevate.
Promoters held 26.5 per cent stake within the firm as of Sept 30, 2020, whereas FIIs held 60.5 per cent, DIIs 4.4 per cent and public and others 8.6 per cent.
(Views and proposals given on this part are the analysts’ personal and don’t symbolize these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the inventory/s talked about.)