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HomeSHARE MARKET₹55 Dividend Was Given In 2023; Now Again 2024 Dividend Declared, Date...

₹55 Dividend Was Given In 2023; Now Again 2024 Dividend Declared, Date Fixed

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Shriram Finance Ltd (NSE: SHRIRAMFIN): The company that pays massive income to investors has announced dividends. This dividend will be given to those investors of the company who have shares of Shriram Finance Limited Company.

The record date has been set for this. A dividend of 10 rupees will be paid on a single share.

Shriram Finance Limited has once again declared an increase in dividends. The company will pay dividends which is 10 rupees per share. 

The company has told us that the date of record will be the 6th of February. This means that only the one whose name remains as an investor of the company till this day will get the benefit of dividend.

Dividends Were Paid Three Times In Last Year

In 2023, the firm had paid dividends to investors three times. In the year before, investors who were eligible received a dividend of Rs 55 per share. 

Investors also received the dividend in 2022. The company has now announced dividends for the year 2024. 

On January 23rd, the company declared that the dividend of Rs 10 will be paid at the face value of 10 rupees.

Company Made A Profit Of 46500%

The share of Shriram Finance Limited was listed on the market in 1999 for Rs 5. Since then, this stock has been growing quickly. 

The share price of this company has delivered a profit of 46,539.84 percent. In 25 years, this stock has grown from 5 to 2,318 rupees per share. 

The stock has yielded a dividend of 13 percent within a single month. It has earned returns of 28 percent over six months, and 87 percent over one year.

Profit In Just 5 Years

Shriram Finance Limited has given an annual return of 127 percent over five years. The market capitalization of the company is 86,669 cr. 

The 52-week high of this company is 2,352.95 and the 52-week low is around Rs 1,190.

About Shriram Finance Ltd

Shriram Finance Limited is an India-based firm. It is a member of the SHRIRAM Group conglomerate which has significant involvement in the field of financing and the retail non-banking finance corporation (NBFC). 

It has a role in financing commercial vehicles as well as passenger vehicles, construction equipment as well as farming equipment, two-wheelers, gold, small and medium companies, as well as personal loans. 

It also provides regular and fixed deposits. Subsidiaries: Shriram Housing Finance Limited (SHFL) and Shriram Automall India Limited (SAMIL). 

The company’s total operating income is 29772.16 crores while equity capital amounts to Rs 374.43 crores.

Fundamental Analysis of Shriram Finance Ltd

Market Cap₹ 86,669 Cr.
Current Price₹ 2,318
52-wk High₹ 2,352.95
52-wk Low₹ 1,190
Stock P/E13.27
Book Value₹ 1,233
Dividend1.52 %
ROCE12.1 %
ROE17.3 %
Face Value₹ 10.0
P/B Value1.87
OPM71.4 %
EPS₹ 177
Debt₹ 1,74,438 Cr.
Debt to Equity3.77

Shriram Finance Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹2400₹2654
2025₹2732₹2790
2026₹2832₹2900
2027₹2954₹3000
2028₹3065₹3165
2029₹3200₹3265
2030₹3455₹3597
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Shriram Finance Ltd Shareholding Pattern

Promoters Holding
Dec 202225.29%
Mar 202325.51%
June 202325.48%
Sept 202325.45%
Dec 202325.43%
FII Holding
Dec 202245.55%
Mar 202349.78%
June 202355.36%
Sept 202354.67%
Dec 202353.97%
DII Holding
Dec 202211.13%
Mar 202311.74%
June 202314.66%
Sept 202315.17%
Dec 202315.77%
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Public Holding
Dec 202218.04%
Mar 202312.96%
June 20234.49%
Sept 20234.71%
Dec 20234.83%

Shriram Finance Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 15,536 Cr
2020₹ 16,561 Cr
2021₹ 17,422 Cr
2022₹ 19,255 Cr
2023₹ 34,442 Cr

Last 5 Years’ Net Profit:

2019₹ 2,576 Cr
2020₹ 2,512 Cr
2021₹ 2,499 Cr
2022₹ 2,721 Cr
2023₹ 6,666 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20195.51
20205.2
20214.89
20224.39
20233.77

Last 10 Years’ Profit Growth:

10 Years:15%
5 Years:19%
3 Years:34%
Current Year:14%

Last 10 years’ Return on Equity (ROE):

10 Years:15%
5 Years:15%
3 Years:14%
Last Year:17%

Sales Growth Over 10 Years:

10 Years:16%
5 Years:18%
3 Years:23%
Current Year:25%

Conclusion

This article is a complete guide about Shriram Finance Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Buy For Target ₹1300; Also Giving ₹6 Per Share Dividend; Record Date 5 February

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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