Shriram Finance Limited shares were trading at £623.95 on the NSE at 11:20am today, down £31.25 or 4.77%.
Several financial institutions have issued various outlooks on Shriram finance following the latest quarter results. Kotak Institutional Equity maintains its “purchase” rating of £750 with a target price of £750 and a slight rise in a segment arrears, but believes these trends are “not supervisible but can be monitored.” Macquarie maintained its “outperform” rating at a target price of £800 despite flagging Pat Miss due to a decline in NIM and higher credit costs.
The CLSA maintained its “outperform” rating, but lowering the estimate to 5% reduced the target price to £670, primarily due to low NIM due to high balance sheet liquidity. While maintaining its “buy” rating, HSBC reduced its target price to £740 and expressed concern about NIM pressure and increased credit costs.
With a major downgrade, Equirus revised its rating from “reduction” to “reduction” at its target price for March 2026, citing growth in moderation loans and ROA expectations, coupled with recent stock rallies.
Meanwhile, the Shriram Finance board approved a final dividend of £3 per share for fiscal year 2024-25, adding it to the two previous interim dividends. The board has also approved plans to participate in payment services via mobile wallets, prepaid cards and FASTAG, subject to RBI approval. The company scheduled its 46th AGM on July 18, 2025, with July 11 being the record date for dividend eligibility.
Released on April 28, 2025
