Investors are constantly looking for a solid stock to buy as the financial industry expands. Shriram Finance Ltd., a significant player in the financial services industry, is one such business that has attracted notice. Many investors are unsure about whether it is a solid company to buy given the share price objective for 2024 to 2030, which is a hot issue.
The financial performance of Shriram Finance Ltd over the previous five years will be thoroughly examined in this article, along with market trends and growth prospects for the foreseeable future. Therefore, read on to determine whether Shriram Finance Ltd is a good stock, regardless of whether you are an experienced investor or a novice in the financial market.
Below are the trading platforms that you can use to purchase Shriram Finance shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 2,476.44 | 2,153.43 |
| February 2024 | 2,526.98 | 2,197.37 |
| March 2024 | 2,578.55 | 2,242.22 |
| April 2024 | 2,503.45 | 2,176.91 |
| May 2024 | 2,466.45 | 2,144.74 |
| June 2024 | 2,555.24 | 2,221.95 |
| July 2024 | 2,529.69 | 2,199.73 |
| August 2024 | 2,630.88 | 2,287.72 |
| September 2024 | 2,736.11 | 2,379.23 |
| October 2024 | 2,682.46 | 2,332.58 |
| November 2024 | 2,762.94 | 2,402.55 |
| December 2024 | 2,832.01 | 2,462.62 |
As of January 14, 2024, Shriram Finance’s current share price is ₹2,293, with a high/low range of ₹2,304 to ₹1,190. The projected share price targets for 2024 suggest a fluctuating trend, with a minimum of ₹2,153.43 in January and a maximum of ₹2,832.01 in December. The market cap stands at ₹86,116 Cr. The stock’s P/E ratio is 13.1, book value is ₹1,234, dividend yield is 1.53%, ROCE is 12.1%, ROE is 17.3%, and the face value is ₹10.0.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,888.65 | 2,222.04 |
| February 2025 | 2,962.72 | 2,279.01 |
| March 2025 | 3,078.27 | 2,367.90 |
| April 2025 | 3,017.91 | 2,321.47 |
| May 2025 | 2,930.01 | 2,253.85 |
| June 2025 | 3,061.86 | 2,355.27 |
| July 2025 | 3,001.82 | 2,309.09 |
| August 2025 | 3,094.66 | 2,380.51 |
| September 2025 | 3,202.97 | 2,463.83 |
| October 2025 | 3,286.25 | 2,527.89 |
| November 2025 | 3,368.41 | 2,591.08 |
| December 2025 | 3,452.62 | 2,655.86 |
In 2025, Shriram Finance’s share price is anticipated to exhibit a progressive trend, ranging from a minimum of ₹2,222.04 in January to a maximum of ₹3,452.62 in December. Investors can anticipate potential growth and fluctuations throughout the year based on these projected targets.
| When | Maximum Price | Minimum Price |
| January 2026 | 3,556.20 | 2,735.54 |
| February 2026 | 3,647.38 | 2,805.68 |
| March 2026 | 3,789.63 | 2,915.10 |
| April 2026 | 3,715.32 | 2,857.94 |
| May 2026 | 3,607.11 | 2,774.70 |
| June 2026 | 3,769.43 | 2,899.56 |
| July 2026 | 3,695.52 | 2,842.71 |
| August 2026 | 3,809.81 | 2,930.63 |
| September 2026 | 3,943.16 | 3,033.20 |
| October 2026 | 4,045.68 | 3,112.06 |
| November 2026 | 4,146.82 | 3,189.86 |
| December 2026 | 4,250.49 | 3,269.61 |
In 2026, Shriram Finance’s share price is projected to witness a steady climb, ranging from a minimum of ₹2,735.54 in January to a maximum of ₹4,250.49 in December. These forecasted targets indicate potential growth and fluctuations throughout the year for investors to consider.
| When | Maximum Price | Minimum Price |
| January 2027 | 4,335.50 | 3,335.00 |
| February 2027 | 4,446.67 | 3,420.51 |
| March 2027 | 4,620.09 | 3,553.91 |
| April 2027 | 4,529.50 | 3,484.23 |
| May 2027 | 4,397.57 | 3,382.75 |
| June 2027 | 4,595.46 | 3,534.97 |
| July 2027 | 4,505.35 | 3,465.66 |
| August 2027 | 4,644.69 | 3,572.84 |
| September 2027 | 4,807.26 | 3,697.89 |
| October 2027 | 4,932.25 | 3,794.04 |
| November 2027 | 5,055.55 | 3,888.89 |
| December 2027 | 5,181.94 | 3,986.11 |
| When | Maximum Price | Minimum Price |
| January 2028 | 5,285.58 | 4,065.83 |
| February 2028 | 5,421.11 | 4,170.08 |
| March 2028 | 5,632.53 | 4,332.72 |
| April 2028 | 5,522.09 | 4,247.76 |
| May 2028 | 5,361.25 | 4,124.04 |
| June 2028 | 5,602.51 | 4,309.62 |
| July 2028 | 5,492.66 | 4,225.12 |
| August 2028 | 5,662.53 | 4,355.79 |
| September 2028 | 5,860.72 | 4,508.25 |
| October 2028 | 6,013.10 | 4,625.46 |
| November 2028 | 6,163.43 | 4,741.10 |
| December 2028 | 6,317.51 | 4,859.63 |
| When | Maximum Price | Minimum Price |
| January 2029 | 6,443.86 | 4,956.82 |
| February 2029 | 6,609.09 | 5,083.92 |
| March 2029 | 6,866.84 | 5,282.19 |
| April 2029 | 6,732.20 | 5,178.62 |
| May 2029 | 6,536.12 | 5,027.78 |
| June 2029 | 6,830.24 | 5,254.03 |
| July 2029 | 6,696.32 | 5,151.01 |
| August 2029 | 6,903.42 | 5,310.32 |
| September 2029 | 7,145.04 | 5,496.18 |
| October 2029 | 7,330.81 | 5,639.08 |
| November 2029 | 7,514.08 | 5,780.06 |
| December 2029 | 7,701.93 | 5,924.56 |
| When | Maximum Price | Minimum Price |
| January 2030 | 7,855.97 | 6,043.05 |
| February 2030 | 8,057.41 | 6,198.00 |
| March 2030 | 8,371.64 | 6,439.73 |
| April 2030 | 8,207.49 | 6,313.46 |
| May 2030 | 7,968.44 | 6,129.57 |
| June 2030 | 8,327.02 | 6,405.40 |
| July 2030 | 8,163.75 | 6,279.80 |
| August 2030 | 8,416.23 | 6,474.03 |
| September 2030 | 8,710.80 | 6,700.62 |
| October 2030 | 8,937.28 | 6,874.83 |
| November 2030 | 9,160.71 | 7,046.70 |
| December 2030 | 9,389.73 | 7,222.87 |
Financial Condition of Shriram Finance: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Revenue (Rs. Crores) | 15,536 | 16,561 | 17,422 | 19,255 | 30,492 |
| Interest (Rs. Crores) | 7,564 | 8,313 | 9,089 | 9,773 | 12,987 |
| Expenses (Rs. Crores) | 4,171 | 4,683 | 4,932 | 5,816 | 8,706 |
| Financing Profit (Rs. Crores) | 3,801 | 3,565 | 3,402 | 3,666 | 8,799 |
| Financing Margin (%) | 24 | 22 | 20 | 19 | 29 |
| Other Income (Rs. Crores) | 20 | 14 | 14 | 18 | 16 |
| Depreciation (Rs. Crores) | 43 | 141 | 137 | 135 | 601 |
| Profit Before Tax (Rs. Crores) | 3,778 | 3,439 | 3,278 | 3,549 | 8,214 |
| Tax (%) | 32 | 27 | 24 | 24 | 27 |
| Net Profit (Rs. Crores) | 2,576 | 2,512 | 2,499 | 2,721 | 6,020 |
| EPS (Rs.) | 101.77 | 99.26 | 88.52 | 100.59 | 160.54 |
Over the last five years, Shriram Finance Ltd has exhibited substantial growth in its financial performance. From 2019 to 2023, the company’s revenue witnessed remarkable expansion, increasing from ₹15,536 crores to ₹30,492 crores. Simultaneously, there was an upward trend in interest expenses, climbing from ₹7,564 crores to ₹12,987 crores, reflecting the company’s increasing financing activities. Operating expenses also saw an uptick, rising from ₹4,171 crores to ₹8,706 crores, in line with the expansion of the business. Notably, the financing profit exhibited significant growth, reaching ₹8,799 crores in 2023.
This growth is further highlighted by the financing margin, which increased from 24% in 2019 to 29% in 2023. The company’s net profit also more than doubled during this period, growing from ₹2,576 crores to ₹6,020 crores, with earnings per share (EPS) showing substantial improvement, reaching ₹160.54 in 2023. These financial indicators underscore Shriram Finance’s robust performance and expansion in its core operations over the past five years.
FAQS
The share price of Shriram Finance Ltd has shown volatility in the past, with fluctuations in response to market conditions and company performance.
The performance of the company, macroeconomic conditions, government policies, and investor sentiment are some of the factors that can impact the share price of Shriram Finance Ltd.
The share price of Shriram Finance Ltd depends on various factors and cannot be predicted with certainty. As per our prediction, Shriram Finance’s share price is expected to reach Rs.5000 by 2029.
What is the revenue growth rate of Shriram Finance?
Shriram Finance Ltd has shown consistent revenue growth over the last five years, with a revenue of 30,476.78 crore in the financial year 2022-23.
What is the profit growth rate of Shriram Finance?
Shriram Finance Ltd has shown a steady growth in profit over the last five years, with a net profit of 6,011.04 crore in the financial year 2022-23.
What is the dividend payout ratio of Shriram Finance?
The dividend payout ratio of Shriram Finance Ltd has increased over the last five years, with a ratio of 21.80% in the financial year 2022-23.
What is the operating profit margin (OPM) of Shriram Finance?
Shriram Finance Ltd has shown a consistent operating profit margin (OPM) over the last five years, with a ratio of 71.25% in the financial year 2022-23.
Is Shriram Finance Ltd a good investment option?
The decision to invest in Shriram Finance Ltd depends on various factors such as financial goals, risk tolerance, and market conditions. It is important to do thorough research and seek professional advice before making any investment decisions.
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Conclusion
Shriram Finance Ltd seems to be a potential long-term investment option based on the income growth, PAT, sales growth, and profit growth of the previous five years. Revenue for the corporation has been rising steadily, with growth rates of 19.5% in March 2022 and 57.9% in March 2023. With growth rates of 5.6% in March 2022 and 120.6% in March 2023, PAT has also grown significantly.
With a maximum of 9,725.71 in 2030, the company’s share price predictions for the years 2024 to 2023 indicate an upward trend. It is advised to purchase shares of Shriram Finance Ltd. for long-term investment due to the company’s high OPM of over 70% and possible growth in the upcoming years.
What did we learn?
- 1 How to purchase Shriram Finance shares?
- 2 Shriram Finance Share Price Target: 2024 to 2030
- 2.1 Shriram Finance Share Price Target 2024
- 2.2 Shriram Finance Share Price Target 2025
- 2.3 Shriram Finance Share Price Target 2026
- 2.4 Shriram Finance Share Price Target 2027
- 2.5 Shriram Finance Share Price Target 2028
- 2.6 Shriram Finance Share Price Target 2029
- 2.7 Shriram Finance Share Price Target 2030
- 3 Financial Condition of Shriram Finance: Last 5 years
- 4 FAQS
- 4.1 What has been the historical share price performance of Shriram Finance?
- 4.2 What are the factors that will impact the share price of Shriram Finance in the coming years?
- 4.3 Can Shriram Finance achieve a share price of 5000 INR by 2025?
- 4.4 What is the revenue growth rate of Shriram Finance?
- 4.5 What is the profit growth rate of Shriram Finance?
- 4.6 What is the dividend payout ratio of Shriram Finance?
- 4.7 What is the operating profit margin (OPM) of Shriram Finance?
- 4.8 Is Shriram Finance Ltd a good investment option?
- 5 Conclusion
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