SHRIRAM FINANCE SHARE PRICE TARGET 2024, 2025, 2026 TO 2030

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.

How to Purchase Shriram Finance shares?

Below are the trading platforms that you can use to purchase Shriram Finance shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Shriram Finance Share Price Target: 2024 – 2030

Shriram Finance Share Price Target 2024

As of May 18, 2024, Shriram Finance, with a market cap of ₹89,076 crore and a current price of ₹2,370, is projected to reach a maximum of ₹2,938.97 and a minimum of ₹2,225.74 by December 2024. The stock, which has a P/E ratio of 12.1, has previously traded between ₹2,658 and ₹1,306.

Shriram Finance Share Price Target 2025

Shriram Finance Share Price Target 2026

Shriram Finance Share Price Target 2027

Shriram Finance Share Price Target 2028

Shriram Finance Share Price Target 2029

Shriram Finance Share Price Target 2030

Financial Condition of Shriram Finance: Last 5 years

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

What has been the historical share price performance of Shriram Finance?

The share price of Shriram Finance Ltd has shown volatility in the past, with fluctuations in response to market conditions and company performance.

What are the factors that will impact the share price of Shriram Finance in the coming years?

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.

Can Shriram Finance achieve a share price of 5000 INR by 2025?

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 9,744.35 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.

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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