Shriram Finance Shares Target Price Raised By Motilal Oswal Post Q3 Results — Check Details
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Shriram Finance Ltd. continues to demonstrate strong business momentum, supported by healthy net interest margin, improving asset quality, and robust growth drivers across commercial vehicle, passenger vehicle finance, MSME, and gold loans.
The moderation in credit costs and disciplined balance sheet management positions the company well for sustained earnings growth. Its diversified AUM mix, improved access to lower-cost funding from the credit rating upgrade, and strategic partnership with MUFG add further strength to the franchise.
The stock is currently trading at 2.1x FY27E P/B. The brokerage expects Shriram Finance to deliver a ~19%/~29% AUM/PAT CAGR over FY26-28E, along with an RoA/RoE of ~3.9%/13.6% by FY28.
Motilal Oswal reiterates Buy rating with a target price of Rs 1,200 (premised on 2.2x FY28E book value per share).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Watch LIVE TV, Get Stock Market Updates,
Top Business, IPO and
Latest News on NDTV Profit.
