MarketFriction

Shriram City Union Finance Ltd(Merged)

NSE SHRIRAMCIT · Non Banking Financial Company (NBFC)
₹1,921.80 -0.01%
NSE close2022-11-28
Market cap₹12,883 Cr.
P/E9.44
Merged or delisted Delivery 70.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Interest & fee income1,5701,5461,4831,5081,5681,5951,6101,7081,8491,8942,0022,155
Interest paid565594581568575617644686719764756828
Operating costs & provisions564725619532554555650598690659753794
Core operating profit441227283408439423316424440471493533
Core operating margin %28%15%19%27%28%27%20%25%24%25%25%25%
Depreciation & amortisation232222222221212222212122
Non-operating income124432111111
Pre-tax profit420206265389420404295403420451473513
Effective tax rate %24%27%25%29%27%26%25%25%25%27%25%25%
Profit after tax317151198275306298220302315327354385
Earnings per share (Rs)47.3722.4729.8641.1245.4644.7033.0845.1546.8748.6852.4456.71
Gross bad loans %6.46%6.37%6.91%6.86%7.30%6.31%6.11%5.93%
Net bad loans %3.16%3.08%3.46%3.47%3.98%3.30%3.32%3.29%
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Interest & fee income2,0573,1003,2733,6064,0024,7075,4376,0456,2336,1517,0737,900
Interest paid9291,4101,3521,3431,4451,6571,7912,1252,3192,3572,8293,067
Operating costs & provisions5959991,1001,3601,6882,1192,4662,3432,4242,2392,5932,896
Core operating profit5336908209048709311,1801,5771,4901,5551,6501,938
Core operating margin %26%22%25%25%22%20%22%26%24%25%23%25%
Depreciation & amortisation142530443836353490878686
Non-operating income00661722261045
Pre-tax profit5196667968678498971,1461,5451,4061,4781,5691,856
Effective tax rate %35%32%33%34%34%35%35%35%27%27%26%
Profit after tax3384495355755595857491,0061,0331,0781,1651,381
Earnings per share (Rs)64.5281.1389.7486.7183.7787.72112.21151.78154.94161.14172.94204.70
Paid out as dividend %10%10%11%17%18%17%16%14%4%20%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR13%8%5%22%
Profit CAGR13%15%5%23%
Share price CAGR-1%-1%%%
Average return on equity14%14%14%13%
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Sep 2022
Net block (property, plant)53901038387838891251240251279
Capital work in progress000000000000
Investments3244748367146386679217239241,3091,834
Current & other assets12,58816,33615,99117,73721,27225,57528,34030,40632,30636,67742,96546,031
Total assets12,64516,45016,56818,65622,07326,29729,09631,41833,28037,84144,52648,144
Share capital525559666666666666666767
Reserves & surplus1,6782,2342,9404,1504,5835,1225,6686,5187,3588,3229,21210,045
Total debt9,62212,72912,04912,76415,26218,43022,87824,29025,09528,74634,54137,284
Other liabilities & provisions1,2921,4321,5191,6762,1632,679484544762707707748
Equity + liabilities12,64516,45016,56818,65622,07326,29729,09631,41833,28037,84144,52648,144
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Operating cash flow-1,604-2,832-1,469-147-1,242-1,587-3,697-3,373-236446-1,951-3,861
Investing cash flow64-236-184-82-208-108-63-17-35225972-134
Free cash flow (after capex)-1,621-2,869-1,531-181-1,283-1,614-3,729-3,413-274418-1,971-3,889
Financing cash flow2,3862,0142,463-3656661,7263,7753,2921,2455403,5555,348
Net change in cash846-1,053809-594-7843215-986571,2451,6761,353
Cash conversion (OCF / EBITDA) %-162%-182%-59%5%-41%-56%-130%-101%8%24%-41%-77%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Return on equity %22%23%22%20%16%12%12%14%16%15%13%13%
Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Promoter group %33.92%33.92%33.92%34.56%34.63%34.63%34.63%34.60%34.46%34.61%36.95%36.86%
Foreign investors %27.44%27.37%26.79%47.40%27.96%28.47%28.29%28.76%28.18%28.16%25.04%26.95%
Domestic institutions %5.89%5.95%5.65%15.53%3.88%3.53%3.78%3.84%4.08%4.01%4.56%6.06%
Retail & others %32.75%32.76%33.64%2.50%33.53%33.36%33.29%32.80%33.28%33.22%33.45%30.13%
Shareholder count8,1188,19014,78513,10813,84312,86016,77815,82829,40423,81321,05422,900

Fundamentals

Market value₹ 12,883 Cr.
Last price₹ 1,922
P/E (trailing)9.44
Book value / share₹ 1,512
Return on capital10.8 %
Return on equity13.0 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)22%
Profit CAGR (TTM)23%
Consolidated figures.
Valuation
Market capRs 12,805 Cr
Enterprise valueRs 40,503 Cr
P/E (TTM)9.39x
Price to book1.38x
Price to sales1.62x
EV / EBITDA8.09x
EV / EBIT8.23x
EV / sales5.13x
Earnings yield10.65%
Dividend yield1.93%
P/E, 3-year average7.56x
P/B, 3-year average0.97x
P/E, 5-year average10.77x
P/B, 5-year average1.44x
Profitability
Operating margin (excl. other income)63.33%
Operating margin (incl. other income)63.40%
EBITDA margin63.40%
Pre-tax margin23.49%
Net profit margin17.27%
Net margin, latest quarter17.60%
ROE13.04%
ROCE10.87%
ROA2.80%
ROE, 3-year average13.70%
ROCE, 3-year average11.21%
ROA, 3-year average2.98%
ROE, 5-year average14.18%
ROCE, 5-year average11.44%
ROA, 5-year average2.99%
ROIC (approx.)9.89%
Tax rate25.75%
Other income / net worth0.05%
Growth
Sales growth (latest year)14.99%
Profit growth (latest year)8.30%
Sales CAGR, 3 years5.38%
Sales CAGR, 5 years8.48%
Profit CAGR, 3 years4.76%
Profit CAGR, 5 years14.78%
Sales growth QoQ7.65%
Profit growth QoQ8.48%
Sales growth YoY (latest quarter)26.19%
Profit growth YoY (latest quarter)27.12%
Per share
EPS (TTM)Rs 204.74
EPS (latest year)Rs 172.87
EPS (latest quarter)Rs 56.94
EPS, 3-year averageRs 162.98
EPS, 5-year averageRs 150.60
Book value per shareRs 1,392.57
Sales per shareRs 1,185.73
Cash flow per shareRs -579.53
Dividend per share (latest year)Rs 37.00
Dividend per share, 3-year averageRs 25.33
Dividend per share, 5-year averageRs 23.20
Dividends
Dividend payout21.40%
Dividend payout, 3-year average15.25%
Dividend payout, 5-year average15.26%
Efficiency
Asset turnover0.16x
Fixed asset turnover28.14x
Debtor days0 days
Debtors turnover1611.15x
Leverage
Total debtRs 34,541 Cr
Cash and bankRs 6,842 Cr
Net debtRs 27,698 Cr
Debt to equity3.72x
Net debt / EBITDA5.53x
Interest coverage1.61x
Owners' fund to total sources20.84%
Debt to assets77.57%
Cash flow
Operating cash flow (latest year)Rs -3,861 Cr
Investing cash flow (latest year)Rs -134 Cr
Financing cash flow (latest year)Rs 5,348 Cr
Net change in cash (latest year)Rs 1,353 Cr
Statement figures
Net sales (TTM)Rs 7,900 Cr
Net sales (latest year)Rs 7,073 Cr
Sales (latest quarter)Rs 2,155 Cr
Operating profit excl. other income (latest year)Rs 4,480 Cr
Operating profit (latest quarter)Rs 1,362 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 5,009 Cr
PBDT (TTM)Rs 1,942 Cr
Profit before tax (TTM)Rs 1,856 Cr
Tax (latest year)Rs 404 Cr
Net profit (TTM)Rs 1,364 Cr
Net profit (latest year)Rs 1,152 Cr
Net profit (latest quarter)Rs 379 Cr
Depreciation (TTM)Rs 86 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 3,067 Cr
Cost of goods sold (latest year)Rs 145 Cr
Total expenditure (latest year)Rs 2,593 Cr
Total income (latest year)Rs 7,077 Cr
Share capitalRs 67 Cr
ReservesRs 9,212 Cr
Shareholders' fundsRs 9,278 Cr
Total assetsRs 44,526 Cr
Net blockRs 251 Cr
InvestmentsRs 1,309 Cr
ReceivablesRs 4 Cr
Other liabilitiesRs 707 Cr
Shares outstanding (crore)6.66
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.4 is at the 28th percentile of its own 6.2-year range (median 11.2, low 4.2, high 30.1).
P/B 1.38 is at the 36th percentile (median 1.51).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSHRIRAMCITNifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month+3.9%-6.8% +10.7 pts
3 months+1.9%-7.6% +9.5 pts
6 months+15.7%+0.4% +15.3 pts
1 year-5.9%-9.9% +4.0 pts
2 years+94.6%-13.6% +108.2 pts
3 years+41.8%+14.2% +27.6 pts
5 years-5.4%+27.9% -33.2 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -166% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2022
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Sep 2022
Revenue ₹2,155 Cr +26.2% vs Sep 2021. Net profit ₹385 Cr +27.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2022-07-14Annual General Meeting
2022-03-16Interim Dividend - Rs 27 Per Share
2021-11-11 Interim Dividend - Rs 10 Per Share
2021-07-20 Annual General Meeting/Dividend - Rs 13 Per Share
2021-04-06 Interim Dividend - Rs 10 Per Share
2020-11-11 Interim Dividend - Rs 10 Per Share
2020-07-23 Annual General Meeting
2019-11-07 Interim Dividend - Rs 6 Per Sh
2019-07-19 Annual General Meeting/ Dividend - Rs 16 Per Share
2018-11-06 Interim Dividend - Rs 6 Per Share
2018-07-17 Annual General Meeting / Dividend- Rs 12 Per Share
2017-11-14 Interim Dividend - Rs 6/- Per Share
2017-06-22 Annual General Meeting/Dividend - Rs 10/- Per Share
2016-11-08 Interim Dividend Rs 5/- Per Share
2016-07-20 Annual General Meeting/ Dividend - Rs 10/- Per Share
2015-11-06 Interim Dividend - Rs 5/- Per Share
2015-07-20Annual General Meeting/ Dividend - Rs 10.50/- Per Share
2014-11-13Interim Dividend - Rs 4.50/- Per Share
2014-07-18Annual General Meeting / Final Dividend - Rs 6/- Per Share
2013-11-07Interim Dividend - Rs 4/- Per Share
2013-07-17Annual General Meeting And Final Dividend Rs 6 Per Equity Share
2012-11-15Interim Dividend Rs 2.50 Per Share
2012-07-18Annual General Meeting/Dividend Rs 4 Per Share
2011-11-11Interim Dividend Rs.2.50 Per Share
2011-07-19Annual General Meeting And Dividend Rs.3.50 Per Share
2010-11-09Interim Divided - Rs 2.50/- Per Share
2010-07-21Annual General Meeting And Final Dividend Rs.3/- Per Share
2009-11-10Int Div-Rs.2/- Per Share
2009-07-27Agm/Div-Rs.3/- Per Share
2008-11-17Interim Dividend - 10%
2008-07-29Agm/Dividend - 30%
2007-12-06Interim Dividend-10%
2007-08-10Agm/Final Dividend-20%
2006-12-14Interim Dividend-10%
2006-09-22Agm/Final Dividend-20%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Shriram City Union Finance Ltd(Merged)?

Shriram City Union Finance Ltd(Merged) (SHRIRAMCIT) has a market capitalisation of Rs 12,883 Cr. at the 2022-11-28 close.

What is the P/E ratio of Shriram City Union Finance Ltd(Merged)?

Shriram City Union Finance Ltd(Merged) trades at a P/E of 9.44 on trailing twelve-month profit, at the 2022-11-28 close.

What were Shriram City Union Finance Ltd(Merged)'s latest quarterly results?

In the Sep 2022 quarter, Shriram City Union Finance Ltd(Merged) revenue was Rs 2,155 Cr (+26.2% vs Sep 2021) and net profit was Rs 385 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03