The shares of Shriram Finance Limited were trading at ₹623.95, down by ₹31.25 or 4.77 per cent on the NSE today at 11.20 am.

Multiple financial institutions have issued varied outlooks on Shriram Finance following its latest quarterly results. Kotak Institutional Equity maintained a “Buy” rating with a target price of ₹750, noting marginal rises in delinquencies across segments but considering these trends “monitorable, though not alarming.” Macquarie maintained an “Outperform” rating with a ₹800 target price despite flagging PAT miss due to lower NIM and higher credit costs.

CLSA kept its “Outperform” rating but cut its target price to ₹670, citing Q4 NII behind estimates by 5 per cent primarily due to lower NIM driven by higher balance sheet liquidity. HSBC maintained a “Buy” rating while reducing its target price to ₹740, expressing concern about NIM pressure and increased credit costs.

In a significant downgrade, Equirus revised its rating from “ADD” to “REDUCE” with a March 2026 target price of ₹620, citing expectations of moderated loan growth and ROA, coupled with recent stock price rally.

Meanwhile, Shriram Finance’s board has approved a final dividend of ₹3 per share for FY 2024-25, adding to two earlier interim dividends. The board also approved plans to enter payment services through mobile wallets, prepaid cards, and FASTag, subject to RBI approval. The company has scheduled its 46th AGM for July 18, 2025, with July 11 set as the record date for dividend eligibility.

Published on April 28, 2025