NSE: SHRIRAMFIN· NBFCCore · Aug 26Large cap
Shriram Finance
Used-CV leader with MUFG as partner
- Last close
- ₹971.50
- 29 Sept 2026 · reference
- 1D · 1M
- −0.5% · −10.6%
- price-only
- Weight
- 3.5%
- 31 Jul 2026 · Aug rank 6
- Thesis review
- 8 Sep 2026
- Why We Own, p39
Where the price sits
52-week range, house target and street targets
52w low ₹61252w high ₹1,141
- Reference close₹972
- Antique Stock Broking Limited · BUY₹1,220
- Centrum Broking · NEUTRAL₹1,127
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹1,037
Price (2026-09-07)
21.4x / 18.9x
FY27E / FY28E P/E (Buoyant sheet)
16.0%
FY27E ROE (Buoyant sheet)
21.6x
Trailing P/E
3.0x
Price / book
13%
EPS CAGR FY26–28E
TTM P/E 21.6x and P/B 2.96x on Rs 350 book (screener.in, 7-Sep-2026). Screener flags the stock as 'trading at 2.96x book'; 5-year average multiple not sourced. Antique values it at 2.2x FY28 book, MOFSL sees 28% upside from Rs 891 (Jun-2026); the stock has since re-rated to Rs 1,037. EV/EBITDA n.m.; dividend yield 1.0%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 19.3x | 12.8x | 11.2x | 6.0x | 14.4x | 11.3x | 7.9x | 12.0x | 12.9x | 16.4x |
| Price to Book | 2.2x | 2.4x | 1.8x | 0.8x | 1.7x | 1.2x | 1.1x | 1.8x | 2.2x | 2.5x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Shriram Finance plus a reference price. Missing inputs are not substituted.