# SHRIRAMFIN (SHRIRAMFIN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/shriramfin

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹988
- Change: +6.31%
- As of: 2026-10-13
- 1D return: +6.31%
- 5D return: +2.38%
- 1M return: -3.95%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, Shriram Finance (SHRIRAMFIN) presents a mixed technical picture with a bearish daily trend conflicting with a bullish monthly trend. The daily timeframe shows the price below key moving averages (50-day EMA, 200-day SMA, 50-day SMA) and the Supertrend, indicating downward pressure, despite trading above the 20-day EMA and 20-day SMA. Daily trend conviction is strong with an ADX of 41.16, but the -DI (24.98) is above the +DI (15.99), supporting the bearish direction. The stock is positioned in the upper-middle part of its 20-day range (+55.4%) and the upper-middle of its 252-day range (+67.3%), suggesting it has moved significantly from recent lows. However, the 50-day range position is in the lower-middle (+29.9%).

The monthly timeframe exhibits a strong bullish trend (ADX 64.78) with the +DI (25.25) well above the -DI (13.0), and the price is above all supplied moving averages and the Supertrend. The weekly timeframe shows a bullish Supertrend but weak trend conviction (ADX 18.83) with the price below the 20-day EMA and 20-day SMA, though above the 50-day EMA and 50-day SMA. Recent market activity includes a high-severity upward anomaly on October 13, 2026, with a +7.6% intraday range and a +6.3% return on high volume, alongside a moderate monthly volume-with-price-move anomaly. Annualized volatility stands at +36.2% with an ATR of 3.02%. The nearest resistance is at ₹1021.21 (3.36% above current price), and the nearest support is at ₹974.23 (1.39% below current price). Confirmation of the bearish daily setup would involve a sustained break below ₹974.23, while a move above ₹1021.21 could signal a potential shift.

- Daily trend is bearish with price below key averages and Supertrend, contrasting with a strong bullish monthly trend.
- Daily trend conviction is strong (ADX 41.16), but momentum indicators suggest downward pressure (-DI  +DI).
- Annualized volatility is +36.2% with an ATR of 3.02%.
- Nearest resistance is ₹1021.21 (+3.36%) and nearest support is ₹974.23 (-1.39%).
- A break below ₹974.23 would confirm the bearish daily setup, while a sustained move above ₹1021.21 could indicate a shift.

- Inside Bar
- Harami
- Outside Bar

### News Context

Shriram Finance announced an increase in its fixed deposit (FD) rates, with revised rates effective from October 11, 2026. The company is now offering up to 7.85% on certain fixed deposits. This adjustment follows a Reserve Bank of India (RBI) rate hike and aligns with similar moves by other finance companies, such as Bajaj Finance, which also raised its FD rates. Separately, a media report on October 13, 2026, indicated that Mitsubishi UFJ Financial Group (MUFG) is reportedly exploring a path to gain control of Shriram Finance.

- Effective October 11, 2026, Shriram Finance increased its fixed deposit rates, with the highest rate reaching 7.85%.
- The rate hike, which impacts various tenures, is a response to the RBI's recent increase in policy rates.
- Shriram Finance raised its FD rates by up to 40 basis points.
- On October 13, 2026, it was reported that MUFG is studying potential ways to control Shriram Finance.

- [MUFG said to study path to control of India’s Shriram Finance](https://www.moneycontrol.com/news/business/companies/mufg-said-to-study-path-to-control-of-india-s-shriram-finance-14051075.html)
- [RBI rate hike impact: Shriram Finance increases FD rates up to 7.85% effective October 11 — check revised structure | Mint](https://www.livemint.com/money/personal-finance/rbi-rate-impact-on-fixed-deposits-shriram-finance-hikes-fd-rates-by-up-to-40-bps-senior-citizens-to-get-additional-05-11791559412313.html)
- [Shriram Finance raises FD rates to 7.85%; revised rates effective October 11](https://www.businesstoday.in/personal-finance/story/shriram-finance-raises-fd-rates-to-7-85-revised-rates-effective-october-11-560750-2026-10-09)
- [Shriram Finance ups FD rates by up to 40 basis points](https://www.thehindubusinessline.com/money-and-banking/shriramfinance-ups-fd-rates-by-up-to-40-basis-points/article71563987.ece)

### What Changed

Shriram Finance (SHRIRAMFIN) is reportedly being studied by Mitsubishi UFJ Financial Group (MUFG) for a potential controlling stake, according to news on October 13, 2026. This development introduces a new potential strategic direction for the company. In terms of price action, the stock closed at ₹988.0 on October 13, 2026, an increase from its previous price of ₹929.4. The exchange remains the BSE.

- News on October 13, 2026, indicates Mitsubishi UFJ Financial Group is studying a path to control of Shriram Finance.
- The stock price increased to ₹988.0 on October 13, 2026, from ₹929.4 previously.

- [MUFG said to study path to control of India’s Shriram Finance](https://www.moneycontrol.com/news/business/companies/mufg-said-to-study-path-to-control-of-india-s-shriram-finance-14051075.html)

### Official Filings

Shriram Finance Limited has provided updates regarding its debt instruments and equity share allotments. On October 9, 2026, the company submitted a half-yearly statement detailing 111 debt instruments with a total outstanding value of ₹37,699.62 crores as of September 30, 2026. This filing noted a replacement of one International Securities Identification Number (ISIN) for partly paid non-convertible debentures following balance payments. Additionally, on October 8, 2026, the company approved the allotment of 41,758 equity shares under its Employee Stock Option Scheme 2023 (No.1) at an exercise price of ₹38.71 per share. This allotment increased the company's paid-up share capital from ₹470,60,90,068 to ₹470,61,73,584, raising the total number of shares to 2,353,086,792.

- On October 9, 2026, Shriram Finance reported a total outstanding debt of ₹37,699.62 crores across 111 instruments as of September 30, 2026.
- An ISIN (INE721A07ST2) replaced another (INE721A07SN5) for partly paid non-convertible debentures due to balance payments.
- On October 8, 2026, 41,758 equity shares were allotted to employees under the SFL ESOP 2023 scheme at an exercise price of ₹38.71 per share.
- The allotment of ESOP shares on October 8, 2026, increased the company's paid-up share capital to ₹470,61,73,584 and the total number of shares to 2,353,086,792.

- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_12102026154531_BSENSE_Letter_12102026.pdf)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_09102026145213_BSENSEHYCOMP30092026.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026155927_NSERecorddateletterDec2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of 41758 Equity Shares on Exercise of Fresh Stock Option under SFL ESOP 2023 No.1 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/Mathew_08102026171459_NSEBSEallotmentofESOSOCT2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026171836_NSEBSEallotmentofESOSOCT2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1464_WebXMLFile_20261008_172332905.xml)
- [Shriram Finance Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/Mathew_07102026153355_BSENSE_07102026.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_03102026141647_BSENSE_03102026_for_DSC_signed.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_01102026132120_BSENSEReg30IntimationofNotesPurchased.pdf)
- [Shriram Finance Limited has informed the Exchange about General Updates regarding tender Offer for purchase of certain Senior Secured Notes issued under the USD 3,500,000,000 Global Medium Term Note Programme (GMTN Programme) - Senior Secured Notes purchased and Settlement announcement |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/Mathew_01102026131536_BSENSEReg30IntimationofNotesPurchased.pdf)

### Fundamentals

Shriram Finance reported an increase in its Revenue from Operations for Q1 FY2026-27, reaching ₹13,400.43 crore, up from ₹12,513.43 crore in Q4 FY2025-26. This growth was primarily driven by a rise in Interest Earned, which increased to ₹12,916.27 crore from ₹12,093.60 crore in the prior quarter. However, Other Revenue from Operations saw a sequential decrease, falling to ₹171.32 crore from ₹206.68 crore.

Despite the overall revenue increase, Finance Costs saw a slight sequential decrease to ₹5,204.45 crore from ₹5,336.08 crore. Impairment On Financial Instruments, however, increased sequentially to ₹1,463.26 crore from ₹1,409.73 crore. The company's ability to manage its finance costs while facing an increase in impairments will be a key factor to monitor.

The next checkpoint for investors will be to observe the trend in Impairment On Financial Instruments and its impact on the company's net profitability in the upcoming quarters.

- Revenue from Operations increased sequentially to ₹13,400.43 crore in Q1 FY2026-27.
- Interest Earned rose to ₹12,916.27 crore, supporting overall revenue growth.
- Impairment On Financial Instruments increased sequentially to ₹1,463.26 crore.
- Monitor the trend of Impairment On Financial Instruments in the next reporting period.

### Bull Case

Shriram Finance has demonstrated a strong long-term performance, with a return since the start of +69.3%. The company's monthly trend analysis indicates a bullish signal, supported by an ADX of 64.78 and a plus DI of 25.25, suggesting sustained upward momentum over the longer term. Additionally, the weekly trend shows a bullish supertrend direction, with an SMA 50 slope of 28.54, indicating positive movement over the past several weeks. The company has also adjusted its Fixed Deposit (FD) rates, with revised rates effective October 11, offering up to 7.85% on certain tenures, including 15-month digital fixed deposits, in response to market conditions.

- Return since start: +69.3%
- Monthly trend: Bullish (ADX 64.78, Plus DI 25.25)
- Weekly trend: Bullish Supertrend direction (SMA 50 slope +28.54)
- Revised FD rates effective October 11, offering up to 7.85%

- [MUFG said to study path to control of India’s Shriram Finance](https://www.moneycontrol.com/news/business/companies/mufg-said-to-study-path-to-control-of-india-s-shriram-finance-14051075.html)
- [RBI rate hike impact: Shriram Finance increases FD rates up to 7.85% effective October 11 — check revised structure | Mint](https://www.livemint.com/money/personal-finance/rbi-rate-impact-on-fixed-deposits-shriram-finance-hikes-fd-rates-by-up-to-40-bps-senior-citizens-to-get-additional-05-11791559412313.html)
- [Shriram Finance raises FD rates to 7.85%; revised rates effective October 11](https://www.businesstoday.in/personal-finance/story/shriram-finance-raises-fd-rates-to-7-85-revised-rates-effective-october-11-560750-2026-10-09)
- [Shriram Finance ups FD rates by up to 40 basis points](https://www.thehindubusinessline.com/money-and-banking/shriramfinance-ups-fd-rates-by-up-to-40-basis-points/article71563987.ece)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_12102026154531_BSENSE_Letter_12102026.pdf)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_09102026145213_BSENSEHYCOMP30092026.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026155927_NSERecorddateletterDec2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of 41758 Equity Shares on Exercise of Fresh Stock Option under SFL ESOP 2023 No.1 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/Mathew_08102026171459_NSEBSEallotmentofESOSOCT2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026171836_NSEBSEallotmentofESOSOCT2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1464_WebXMLFile_20261008_172332905.xml)

### Bear Case

Shriram Finance's recent technical indicators suggest a weakening trend. The daily trend analysis shows a bearish supertrend direction, with the 20-day exponential moving average (EMA) slope at -20.81 and the 20-day simple moving average (SMA) slope at -21.92. This indicates downward price momentum over the short term. While the monthly trend shows a bullish supertrend direction, the daily and weekly timeframes exhibit negative slopes in key moving averages, suggesting potential headwinds. The company has also increased its Fixed Deposit (FD) rates up to 7.85% effective October 11, 2026, in response to Reserve Bank of India (RBI) rate hikes, which could impact its cost of funds.

- Daily technical trend indicates a bearish supertrend direction as of 2026-10-13.
- The 20-day EMA slope is -20.81 and the 20-day SMA slope is -21.92, indicating short-term downward momentum.
- Shriram Finance increased its FD rates to 7.85% effective October 11, 2026, potentially raising its cost of borrowing.
- Nearest support level is 1.39% below the current price at ₹974.23.

- [MUFG said to study path to control of India’s Shriram Finance](https://www.moneycontrol.com/news/business/companies/mufg-said-to-study-path-to-control-of-india-s-shriram-finance-14051075.html)
- [RBI rate hike impact: Shriram Finance increases FD rates up to 7.85% effective October 11 — check revised structure | Mint](https://www.livemint.com/money/personal-finance/rbi-rate-impact-on-fixed-deposits-shriram-finance-hikes-fd-rates-by-up-to-40-bps-senior-citizens-to-get-additional-05-11791559412313.html)
- [Shriram Finance raises FD rates to 7.85%; revised rates effective October 11](https://www.businesstoday.in/personal-finance/story/shriram-finance-raises-fd-rates-to-7-85-revised-rates-effective-october-11-560750-2026-10-09)
- [Shriram Finance ups FD rates by up to 40 basis points](https://www.thehindubusinessline.com/money-and-banking/shriramfinance-ups-fd-rates-by-up-to-40-basis-points/article71563987.ece)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_12102026154531_BSENSE_Letter_12102026.pdf)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_09102026145213_BSENSEHYCOMP30092026.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026155927_NSERecorddateletterDec2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of 41758 Equity Shares on Exercise of Fresh Stock Option under SFL ESOP 2023 No.1 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/Mathew_08102026171459_NSEBSEallotmentofESOSOCT2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026171836_NSEBSEallotmentofESOSOCT2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1464_WebXMLFile_20261008_172332905.xml)

### FAQs

**What recent news indicates potential strategic interest in Shriram Finance?**

Reports suggest that Mitsubishi UFJ Financial Group (MUFG) is studying a path to control of Shriram Finance. This news highlights potential strategic interest from a major financial institution.

**How has Shriram Finance adjusted its Fixed Deposit (FD) rates in response to market conditions?**

Effective October 11, Shriram Finance increased its FD rates. Specific tenures, including 24–35 months and 15 months for digital fixed deposits, now offer 7.5%. The maximum FD rate offered is up to 7.85%. These adjustments follow an RBI rate hike, with Shriram Finance and Bajaj Finance raising rates by up to 40 basis points across multiple tenures.

**What was the recent activity regarding Shriram Finance's debt securities?**

On October 9, 2026, Shriram Finance submitted a half-yearly statement of International Securities Identification Numbers (ISINs) for its debt securities. As of September 30, 2026, there were 111 distinct debt instruments outstanding with a total value of ₹37,699.62 crores. A notable update was the replacement of ISIN INE721A07SN5 with INE721A07ST2 following the receipt of balance payments on partly paid non-convertible debentures.

**What recent corporate actions have affected Shriram Finance's equity structure?**

On October 8, 2026, Shriram Finance allotted 41,758 fully paid-up equity shares to 70 employees who exercised options under the SFL ESOP 2023 (No.1) scheme. These shares were issued at an exercise price of ₹38.71 each. This allotment increased the company's paid-up share capital from ₹470,60,90,068 to ₹470,61,73,584.

**What are the key technical indicators for Shriram Finance as of October 13, 2026?**

As of October 13, 2026, Shriram Finance's daily trend indicators suggest a 'bearish' SuperTrend direction, with an ADX of 41.16 and a negative EMA 20 slope of -20.81. In contrast, the monthly trend shows a 'bullish' SuperTrend direction with an ADX of 64.78 and a positive Plus DI of 25.25. Weekly indicators show a 'bullish' SuperTrend direction, with an ADX of 18.83 and a positive SMA 50 slope of 28.54.

- [MUFG said to study path to control of India’s Shriram Finance](https://www.moneycontrol.com/news/business/companies/mufg-said-to-study-path-to-control-of-india-s-shriram-finance-14051075.html)
- [RBI rate hike impact: Shriram Finance increases FD rates up to 7.85% effective October 11 — check revised structure | Mint](https://www.livemint.com/money/personal-finance/rbi-rate-impact-on-fixed-deposits-shriram-finance-hikes-fd-rates-by-up-to-40-bps-senior-citizens-to-get-additional-05-11791559412313.html)
- [Shriram Finance raises FD rates to 7.85%; revised rates effective October 11](https://www.businesstoday.in/personal-finance/story/shriram-finance-raises-fd-rates-to-7-85-revised-rates-effective-october-11-560750-2026-10-09)
- [Shriram Finance ups FD rates by up to 40 basis points](https://www.thehindubusinessline.com/money-and-banking/shriramfinance-ups-fd-rates-by-up-to-40-basis-points/article71563987.ece)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_12102026154531_BSENSE_Letter_12102026.pdf)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_09102026145213_BSENSEHYCOMP30092026.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026155927_NSERecorddateletterDec2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of 41758 Equity Shares on Exercise of Fresh Stock Option under SFL ESOP 2023 No.1 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/Mathew_08102026171459_NSEBSEallotmentofESOSOCT2026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026171836_NSEBSEallotmentofESOSOCT2026.pdf)
- [Shriram Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1464_WebXMLFile_20261008_172332905.xml)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹936.08
- Risk regime: Price Risk Requires Attention

### Support levels
- 974.228125
- 940.75
- 916.375

### Resistance levels
- 1021.2140625
- 1043.975
- 1062.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +6.31% |
| return_10 | +1.20% |
| return_1m | -3.95% |
| return_1y | +46.99% |
| return_20 | -3.95% |
| return_3m | -5.73% |
| return_5 | +2.38% |
| return_6m | -1.60% |
| return_since_start | +69.26% |
| return_ytd | -3.11% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -21.05% |
| annualized_volatility | +36.18% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue growth and lower finance costs drive profit increase

Shriram Finance Limited reported higher profit for the first quarter of FY2026-27 (reporting date 2026-06-30), as a 7.1% sequential increase in revenue from operations combined with a decline in finance costs that kept major expense lines nearly flat. Net profit from continuing operations rose 14.3% from the March quarter and 59.9% from a year earlier. However, basic earnings per share fell to ₹14.86 from ₹16.06, reflecting an increase in the number of shares outstanding.

## Revenue Growth Led by Interest Income

Interest earned, the primary source of revenue, rose 6.8% sequentially and 15.6% year-on-year to ₹12,916 crore. Fees and commission income of ₹127 crore and other revenue from operations of ₹171 crore brought total revenue from operations to ₹13,400 crore, up 7.1% from the preceding quarter and 16.2% from a year ago. The sequential growth accelerated compared with the 2.8% increase recorded in the prior quarter.

## Finance Costs and Expense Composition

Finance costs, the largest expense item, fell 2.5% sequentially and 3.6% year-on-year to ₹5,204 crore. This decline occurred alongside rising interest income, widening the gap between interest earned and finance costs. When combined with credit provisions and other operating expenses, these three major expense lines totaled ₹7,348 crore, essentially unchanged from ₹7,387 crore in the prior quarter. Year-on-year, this combined expense measure grew only 0.06%, while revenue expanded 16.2%.

## Credit Provisions and Other Operating Expenses

Impairment on financial instruments increased 3.8% sequentially and 13.8% year-on-year to ₹1,463 crore. The sequential rise was moderate relative to the 6.8% increase in interest earned. Other expenses rose 6.1% from the prior quarter to ₹680 crore, a pace slightly below the overall revenue growth rate.

## Profit Before Tax and Net Profit

Profit before tax surged 18.1% sequentially and 59.2% year-on-year to ₹4,626 crore. The effective tax rate increased to 25.5% from 23.0% in the March quarter, moderating after-tax growth. Net profit from continuing operations reached ₹3,447 crore, up 14.3% sequentially and 59.9% year-on-year.

## Earnings Per Share Movement

Despite the 14.3% increase in net profit, basic earnings per share declined from ₹16.06 to ₹14.86, a drop of 7.5%. This divergence indicates that the number of outstanding shares rose during the quarter, diluting per-share earnings. Compared to a year ago, EPS remains up 29.4%, reflecting the underlying profit growth over the twelve-month period.

## Key Takeaway

Shriram Finance Limited delivered a substantial profit increase in the June quarter, supported by accelerating revenue growth and a decline in finance costs that kept key expense lines flat. The net profit rose nearly 60% from a year earlier, but the simultaneous drop in earnings per share signals a notable increase in share count that partially offset the profit improvement for existing shareholders.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +20.30%
- FII holding: +34.72%
- DII holding: +19.90%
- Mutual fund holding: +13.81%
- Retail holding: +3.71%
- Promoter pledged: +0.00%

### Major reported shareholders

- MUFG BANK LTD — +20.02%
- SHRIRAM CAPITAL PRIVATE LIMITED — +14.27% (Bodies Corporate)
- SHRIRAM VALUE SERVICES  LIMITED — +5.68% (Bodies Corporate)
- GOVERNMENT OF SINGAPORE — +3.04%
- NPS TRUST (Under different Sub accounts) — +1.89%
- KOTAK MUTUAL FUND (UNDER DIFFERENT SUB ACCOUNTS) — +1.71%
- SBI MUTUAL FUND (UNDER DIFFERENT SUB ACCOUNTS) — +1.66%
- MOTILAL OSWAL MUTUAL FUND (UNDER DIFFERENT SUB ACCOUNTS) — +1.41%
- GOVERNMENT PENSION FUND GLOBAL — +1.23%
- NEW WORLD FUND INC — +1.20%

## Official filings

- 2026-10-12 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_12102026154531_BSENSE_Letter_12102026.pdf)
- 2026-10-09 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_09102026145213_BSENSEHYCOMP30092026.pdf)
- 2026-10-08 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026155927_NSERecorddateletterDec2026.pdf)
- 2026-10-08 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_08102026171459_NSEBSEallotmentofESOSOCT2026.pdf)
- 2026-10-08 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_08102026171836_NSEBSEallotmentofESOSOCT2026.pdf)
- 2026-10-08 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1464_WebXMLFile_20261008_172332905.xml)
- 2026-10-07 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_07102026153355_BSENSE_07102026.pdf)
- 2026-10-03 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_03102026141647_BSENSE_03102026_for_DSC_signed.pdf)
- 2026-10-01 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_01102026132120_BSENSEReg30IntimationofNotesPurchased.pdf)
- 2026-10-01 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_01102026131536_BSENSEReg30IntimationofNotesPurchased.pdf)
- 2026-10-01 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_01102026160420_BSENSE_01102026.pdf)
- 2026-10-01 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_01102026160420_BSENSE_01102026.pdf)
- 2026-09-30 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_30092026153104_Final-_NSEBSEReg30NewspaperAdvertisementsigned.pdf)
- 2026-09-30 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_30092026193113_NSEBSEReg30PenaltySept302026.pdf)
- 2026-09-30 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_30092026193241_NSEBSEReg30PenaltySept302026.pdf)
- 2026-09-30 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1464_WebXMLFile_20260930_193408755.xml)
- 2026-09-29 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_29092026172932_BSENSEReg30IntimationofResultannouncementofNotes.pdf)
- 2026-09-29 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_29092026173450_BSENSEReg30IntimationofResultannouncementofNotes.pdf)
- 2026-09-28 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_28092026145810_BSENSETradingWindowClosureSept26.pdf)
- 2026-09-28 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_28092026150010_BSENSETradingWindowClosureSept26.pdf)
- 2026-09-28 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1464_WebXMLFile_20260928_150504568.xml)
- 2026-09-28 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_28092026172756_Intimationregardingtransferofequitysharessigned.pdf)
- 2026-09-23 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/Mathew_23092026173308_NSEBSEReg30PenaltySept2326.pdf)
- 2026-09-23 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Mathew_23092026173142_NSEBSEReg30PenaltySept2326.pdf)
- 2026-09-23 — Generic Announcement: Shriram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1464_WebXMLFile_20260923_184917029.xml)

## News and market events

- 2026-10-13 — MONEYCONTROL: **MUFG said to study path to control of India’s Shriram Finance** — Mitsubishi UFJ Financial Group, mitsubishi, shriram finance, indian finance group, MUFG, Japan, India — [Source](https://www.moneycontrol.com/news/business/companies/mufg-said-to-study-path-to-control-of-india-s-shriram-finance-14051075.html)
- 2026-10-09 — Mint: **RBI rate hike impact: Shriram Finance increases FD rates up to 7.85% effective October 11 — check revised structure | Mint** — Revised rates to take effect from October 11; 24–35 months and 15 months digital fixed deposits to earn 7.5%. — [Source](https://www.livemint.com/money/personal-finance/rbi-rate-impact-on-fixed-deposits-shriram-finance-hikes-fd-rates-by-up-to-40-bps-senior-citizens-to-get-additional-05-11791559412313.html)
- 2026-10-09 — BUSINESSTODAY: **Shriram Finance raises FD rates to 7.85%; revised rates effective October 11** — [Source](https://www.businesstoday.in/personal-finance/story/shriram-finance-raises-fd-rates-to-7-85-revised-rates-effective-october-11-560750-2026-10-09)
- 2026-10-09 — The Hindu: **Shriram Finance ups FD rates by up to 40 basis points** — Shriram Finance and Bajaj Finance raise FD rates up to 40 bps after RBI’s rate hike, with higher returns across multiple tenures. — [Source](https://www.thehindubusinessline.com/money-and-banking/shriramfinance-ups-fd-rates-by-up-to-40-basis-points/article71563987.ece)
- 2026-10-05 — The Hindu: **Orange Retail Finance and Shriram Finance sign co-lending agreement for gold loans** — Orange Retail Finance and Shriram Finance sign a co-lending agreement to jointly offer gold loans across Tamil Nadu with 20:80 ownership and up to ₹100 crore cap. — [Source](https://www.thehindubusinessline.com/companies/orange-retail-finance-and-shriram-finance-sign-co-lending-agreement-for-gold-loans/article71546811.ece)
- 2026-10-01 — Mint: **Macquarie stock recommendations: ICICI Bank, SBI, PayTM to LIC — top 11 financial shares to buy on rerating potential** — Macquarie stock recommendations: The global brokerage is expecting a turn around in the Indian financial shares — [Source](https://www.livemint.com/market/stock-market-news/macquarie-stock-recommendations-icici-bank-sbi-paytm-to-lic-top-11-financial-shares-to-buy-on-rerating-potential-11790829958477.html)
- 2026-09-30 — CNBC-TV18: **Market Close Explained: Why Nifty ended lower despite gains in banking stocks** — The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332. — [Source](https://www.cnbctv18.com/market/market-close-explained-why-nifty-ended-lower-despite-gains-in-banking-stocks-20002098.htm)
- 2026-09-30 — MONEYCONTROL: **Buy Shriram Finance; target of Rs 1220: Motilal Oswal** — Motilal Oswal, Shriram Finance, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-shriram-finance-target-of-rs-1220-motilal-oswal-14041815.html)
- 2026-09-30 — BUSINESSTODAY: **Shriram Finance shares: Key reasons why this stock is falling; outlook, target price** — Shriram Finance share price, SHFL share price, SHFL news, Shriram Finance news — [Source](https://www.businesstoday.in/markets/stocks/story/shriram-finance-shares-key-reasons-why-this-stock-is-falling-outlook-target-price-558652-2026-09-30)
- 2026-09-28 — The Hindu: **Markets sink to April lows at noon; crude surge, FII selling batter sentiment across sectors** — FIIs continued their selling trend, offloading equities worth ₹3,694 crore in the previous session, while DIIs purchased approximately ₹2,838 crore — [Source](https://www.thehindubusinessline.com/markets/markets-sink-to-april-lows-at-noon-crude-surge-fii-selling-batter-sentiment-across-sectors/article71518803.ece)
- 2026-09-24 — Economic Times: **Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposed** — IRDAIs proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jefferies flagged L&T Finance, Piramal Finance and others as exposed to insurance commissions, with proposed cuts potentially affecting profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/can-irdais-insurance-reforms-impact-nbfcs-jefferies-warns-lt-finance-piramal-finance-others-are-most-exposed/articleshow/134459825.cms)
- 2026-09-23 — CNBC-TV18: **Bajaj Finance 'bear' upgrades rating, no longer among lowest targets; Here's why** — India is entering a strong credit growth cycle within the unsecured lending space, UBS said. This will be supported by healthy asset quality across banks and NBFCs, flat unsecured household leverage over the past three years, abundant system liquidity and a more risk-on stance from lenders. — [Source](https://www.cnbctv18.com/market/bajaj-finance-share-price-bear-ubs-upgrades-target-loan-growth-fy27-guidance-eps-banks-vs-nbfc-19996505.htm)
- 2026-09-23 — Economic Times: **UBS upgrades Bajaj Finance shares, LT Finance as it sees NBFCs better placed than banks. Here’s why** — UBS upgraded Bajaj Finance to Neutral and L&T Finance to Buy, citing improving asset quality and a revival in unsecured lending. The brokerage sees scope for re-rating as personal loan growth accelerates, liquidity remains supportive and funding conditions stay favourable. It also expects improving return on assets across select NBFCs. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ubs-upgrades-bajaj-finance-shares-lt-finance-as-it-sees-nbfcs-better-placed-than-banks-heres-why/articleshow/134426549.cms)
- 2026-09-21 — Economic Times: **Which NBFCs will gain the most from rate hike cycle? JM Financial lists top picks** — JM Financial highlights how soaring bond yields and policy rate hikes impact Indian NBFCs. While housing finance companies like LIC Housing Finance and PNB Housing Finance stand to benefit on NIMs, vehicle and MFI lenders face headwinds. Top stock picks include Aditya Birla Capital, Piramal Finance, and CreditAccess Grameen. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/which-nbfcs-will-gain-the-most-from-rate-hike-cycle-jm-financial-lists-top-picks/articleshow/134386955.cms)
- 2026-09-18 — CNBC-TV18: **Dalal Street gains for 3rd straight day: 5 reasons behind today’s rally** — The Nifty Bank gained 303 points to 56,359, while the Midcap index climbed 759 points to 62,191. Market breadth favoured advances, with the advance-decline ratio at 2:1. — [Source](https://www.cnbctv18.com/market/dalal-street-gains-for-3rd-straight-day-5-reasons-behind-todays-rally-19993682.htm)
- 2026-09-17 — Economic Times: **Shriram Finance plans $500 million bond buyback** — The company proposes to buy back bonds maturing in April 2027 and April 2028 in an attempt to reduce borrowing costs and the buyback will be offered at a slight premium to the existing trading price, people familiar with the details said. The tender offer will be the first such buyback since MUFG purchased the stake earlier this year. — [Source](https://economictimes.indiatimes.com/markets/bonds/shriram-finance-plans-500-million-bond-buyback/articleshow/134296966.cms)
- 2026-09-15 — CNBC-TV18: **Foreign investors step up selling as Nifty hits five-month low** — Foreign institutional investors stepped up selling of Indian equities on Tuesday, while domestic investors absorbed much of the selling, as the benchmark Nifty fell to a five-month low. — [Source](https://www.cnbctv18.com/market/foreign-investors-step-up-selling-as-nifty-hits-five-month-low-19991296.htm)
- 2026-09-15 — CNBC-TV18: **Market falls for 3rd straight day, Nifty at lowest levels in 5 months: 5 reasons behind the fall** — Financials, defence and capital goods stocks led the sell-off, while the broader market saw a sharp fall, with the Midcap index down 1,319 points, or over 2%, at 60,878. — [Source](https://www.cnbctv18.com/market/market-falls-for-3rd-straight-day-nifty-at-lowest-levels-in-5-months-5-reasons-behind-the-fall-19991028.htm)
- 2026-09-15 — IANSLIVE.IN: **Indian equities open higher defying weak global cues** — Mumbai, Sep 15 (IANS) Indian equity benchmarks opened higher on Tuesday despite global markets remaining under pressure amid elevated US bond yields and crude oil prices. — [Source](https://ianslive.in/indian-equities-open-higher-defying-weak-global-cues--20260915094323)
- 2026-09-12 — Orissa POST: **RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST** — Mumbai: The Reserve Bank has rejected Tata Sons’ application to surrender its core investment company registration, killing the Tata Group holding company’s attempt to avoid a mandatory stock-market listing and setting the stage for it to become publicly traded, sources said Saturday. The rejection was conveyed in a letter received by Tata Sons’ company secretary […] — [Source](https://www.orissapost.com/rbi-rejects-tata-sons-bid-to-surrender-nbfc-licence-setting-stage-for-mandatory-listing)
- 2026-09-11 — Mint: **Stock market today: Gift Nifty hints gap-down start | Vaishali Parekh recommends three stocks to buy today** — Stock market today: Vaishali Parekh recommends three stocks to buy today — Shriram Finance, kEC International, and Heritage Foods — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-gift-nifty-hints-gap-down-start-vaishali-parekh-recommends-three-stocks-to-buy-today-11789092731608.html)
- 2026-09-08 — BUSINESSTODAY: **Gold-loan NBFCs stare at tougher competition as banks enter the market** — Gold loans, NBFCs, Muthoot Finance, Manappuram Finance, Bank competition — [Source](https://www.businesstoday.in/industry/banks/story/gold-loan-nbfcs-stare-at-tougher-competition-as-banks-enter-the-market-553801-2026-09-08)
- 2026-09-07 — BUSINESSTODAY: **Japan Inc is betting on India’s wealthy: Why MUFG, Mizuho, Daiwa and SMBC are buying into wealth managers** — Japan India investment, Indian wealth managers, Manish Jain, MUFG Bank, Mizuho Securities, Daiwa Securities, SMBC, Ambit Global Private Client, Neo Wealth, Centricity WealthTech — [Source](https://www.businesstoday.in/latest/economy/story/japan-inc-is-betting-on-indias-wealthy-why-mufg-mizuho-daiwa-and-smbc-are-buying-into-wealth-managers-553800-2026-09-08)
- 2026-09-03 — Mint: **High conviction picks: Up to 44% upside - 5 large caps, 9 mid and small caps stocks | Check share price target** — Discover high-conviction stock picks that analysts believe could yield significant returns amid market volatility. This article highlights five large-cap stocks and nine mid/small caps, detailing their target prices and potential upside.  — [Source](https://www.livemint.com/market/stock-market-news/high-conviction-picks-up-to-44-upside-5-large-caps-9-mid-and-small-caps-stocks-check-share-price-target-11788421872542.html)
- 2026-09-03 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty bulls hope to hold 23,800 support on Sensex expiry day** — Sensex Today | Stock Market LIVE Updates: The bulls managed to hold on to the 23,800 mark on Wednesday but nothing much has changed on ground for the market. Oil prices remain above $95, although Wall Street saw a small rebound overnight. Bond yields too saw a small cool-off but remain at elevated levels. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-expiry-nifty-50-today-oil-banks-rbl-icici-meesho-persistent-swiggy-share-price-liveblog-19982850.htm)

## Business profile

**Strategic vision:** Retail asset non-banking financial company offering diverse credit products.

### Business segments
- **Commercial Vehicle (CV) Finance:** Provides credit for the purchase of new and pre-owned heavy trucks, medium commercial vehicles, buses, tractors, and construction equipment.
- **Retail & MSME Lending:** Offers secured business loans to micro enterprises, gold-collateralized loans, two-wheeler financing, and unsecured personal loans.
- **Housing Finance:** Provides home acquisition loans, home improvement finance, and loans against residential property through its subsidiary.

### Competitive strengths
- Localized, cross-integrated retail credit and collection network.
- Relationship-based recovery model with field agents.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/shriramfin
Markdown representation: https://faxioms.com/stocks/shriramfin?render=md