Shriram Transport Finance Company Share Price

Shriram Trans.

CMP as on 30-Jul-21 15:55

₹ 1,390.10
19.10 1.39%

Open

₹ 1,378.00

Turnover (lac)

₹ 19,828

Prev. Close

₹ 1,371.00

Day's Vol (shares)

₹ 14,26,400

Day's Range (₹)

₹ 1,360.10
₹ 1,410.10

CMP as on30-Jul-21 15:29

₹ 1,399.00
26.5 1.93%

Open

₹ 1,380.00

Turnover (lac)

₹ 974

Prev. Close

₹ 1,372.50

Day's Vol (shares)

₹ 77,331

Day's Range

₹ 1,361.00
₹ 1,409.75

CMP as on 30-Jul-21 0:00

₹ 1,405.15
27.5 2%

Open

₹ 1,375.65

Open Interest(Contracts)

₹ 38,88,800

VWAP

₹ 1,396.36

Day's Vol (shares)

₹ 23,66,800

Day's Range (Ex.Dt. 26 Aug 2021)

₹ 1,362.65
₹ 1,417.00

Shriram Transport Finance Company Ltd., a flagship company of Shriram group, is Indias largest player in commercial vehicle finance. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old trucks. It has a pan-India presence with a network of 1,799 branches, and employs 24,670 employees including 19,179 business team. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc.Shriram Transport Finance Company Ltd was incorporated on June 30, 1978 as a public limited company. The company was formed with a view to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In the year 1993, the company launched lease portfolio management scheme and managed more than 100 crore of business through this scheme.In March 1995, the company came out with a rights issue of 64.95 lakh equity shares aggregating Rs 6.49 crore. The issue was to augment long-term resources and working capital and to enhance the leverage ability of the company. In the span of 20 years, the company had fortified their presence in the market, on account of their focused business segment, a wide geographical coverage, an effective credit monitoring and appraisal system, which has resulted in high growth in business and profitability.During the year 2003-04, the company increased the windmills capacity from 4,450 kwh to 8,650 kwh for producing electricity. During the year 2005-06, the undertaking of Shriram Investments Ltd and Shriram Overseas Finance Ltd was amalgamated with the company with effect from the appointed date April 1, 2005. Also, they increased the windmills capacity from 8,650 kwh to 23,180 kwh.During the year 2006-07, the company made a tie up with UTI Bank for issue of co-branded credit cards, with several safety features, on the VISA platform, exclusively to the truck operators. Also, they entered into a shareholders agreement with Ashok Leyland Ltd and their associates for purchase of 40% stake in Ashley Transport Services Ltd.In February 8, 2007, the company incorporated a 100% subsidiary, namely Shriram Powergen Ltd to deal with the windmill and the biomass projects of the company. During the year 2007-08, due to economic conditions and other business exigencies the company retained the business with them and disposed off their entire shareholding in their wholly-owned subsidiary company.During the year 2007-08, the company opened their own branches across 72 locations. They also extended their operations to financing of passenger commercial vehicles, second-hand tractors and construction equipment during the year. During the year 2008-09, the company opened 49 branches across India. They also strengthened their core knowledge verticals relating to product, Territory and Customer. During the year 2009-10, the company purchased hypothecated loan outstanding of CVs and construction equipment of GE Capital Services India and GE Capital Financial Services aggregating to approximately Rs 1,100 crore. They introduced touch screen kiosks (one Stop) as a replacement for their successful campaign - truck Bazaars.In June 22, 2009, the company acquired the entire paid up capital of Shriram Equipment Finance Pvt Ltd and consequently Shriram Equipment Finance Pvt Ltd became a 100% subsidiary of the company. But, they sold their entire investment of Rs 5 lakh during the year itself and consequently Shriram Equipment Finance Pvt Ltd ceased to be the subsidiary company.In December 15, 2009, the company incorporated a wholly owned subsidiary company namely, Shriram Equipment Finance Company Ltd and in February 11, 2010, they incorporated Shriram Automall India Ltd as a wholly owned subsidiary. In 2010, Shriram Transport Finance Company successfully raised Rs 584 crore through Qualified Institutional Placement with domestic and international investors. During the year, the company initiated financing of construction equipment.In 2011, Shriram Transport Finance Company introduced Shriram Automalls - a dedicated platform for trading of pre-owned trucks at a fair value. In 2013, Shriram Transport Finance Companys assets under management crossed Rs 50000 crore.In 2015-16, global credit rating agency Fitch upgraded long term issuer ratings to IND AA+ from IND AA. Another credit rating agency CRISIL upgraded its rating on long-term debt instruments and bank facilities, and fixed deposits of Shriram Transport Finance Company to CRISIL AA+/FAAA/Stable from CRISIL AA/FAA+/Positive. During the year, Shriram Equipment Finance Company Ltd (SEFCL), a wholly owned subsidiary of Shriram Transport Finance Company, was merged with Shriram Transport Finance Company. In 2016-17, Shriram Transport Finance Company successfully raised Rs 13.5 billion through issuance of Masala Bonds - Senior Secured Rupee Denominated Bonds listed on Singapore Stock Exchange. On 24 January 2018, Shriram Transport Finance Company Limited (STFC), Shriram Automall India Limited (SAMIL) and MXC Solutions India Private Limited (CarTrade) entered into definitive agreements that will result in the combination of the two businesses creating Indias leading used vehicle platform. CarTrade, Indias leading online automotive business will acquire majority stake in Shriram Automall India Limited (SAMIL), Indias No.1 physical auction platform for pre-owned vehicles from STFC. SAMIL is a wholly owned subsidiary of STFC. CarTrade gets majority equity stake by paying Rs 156.37 crore to STFC as consideration for acquisition of shares of SAMIL. Further SAMIL will acquire 100% equity in Adroit Inspection Services Pvt. Ltd. from CarTrade by paying Rs 13 crore as consideration.During FY2019, the total Assets Under Management(AUM) had increased from Rs. 9,6252.98 crore to Rs. 104482.28 crore. During 2018-19, the Company securitised its assets worth Rs. 15123.05crore(accounting for 14.47% of the total assets under management as on 31 March 2019) as against Rs. 12467.16 crore during 2017-18. During the year 2018-19, the Company through Shelf Prospectus dated 22 June 2018 offered 5,00,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each to the Public for an amount aggregating upto Rs. 5,00,000 lacs pursuant to the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 as amended. The Company under the Shelf Prospectus and three Tranche Prospectuses issued and allotted 4,79,26,294 NCDs aggregating to Rs. 479,262.94 lacs. Utilisation of funds raised were as per the objects of the Public Issue of NCDs. The said NCDs are listed on the National Stock Exchange of India Limited and BSE Limited.During the FY2020, the total Assets Under Management had increased to Rs.109,749.24 crore from Rs.104,482.29 crore. During 2019-20, the Company securitized its assets worth Rs. 16,581.13 crore (accounting for 15.11 % of the total assets under management as on 31 March 2020) as against Rs. 15,123.06 crore during 2018-19.During the year 2019-20, the Company through Shelf Prospectus dated 09 July 2019 offered 10,00,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each to the Public for an amount aggregating up to Rs.10,000 crore.On 24 April 2019, the Company issued 5.950% Senior Secured Notes due 2022 aggregating to USD 500 Million to the Qualified Institutional Buyers (QIBs) under the Rule 144A and to the eligible investors outside United States under Regulation S of the U.S. Securities Act 1933. Further on 17 July 2019, the Company issued Senior Secured Notes aggregating to USD 250 Million to the eligible investors outside United States under Regulation S of the U.S. Securities Act 1933. These notes were issued under the USD 2 Billion Global Medium Term Note Programme (GMTN Programme).The proceeds of Senior Secured Notes have been utilized for onward lending and other activities as permitted by the ECB Directions.The Company has been awarded by BSE Limited as Outstanding Performer on BSEBOND Platform under the Issuer category. As on 31 March 2020, the company had a distribution network of 1758 network branches across the country.On 06 August 2020, the Company allotted fully paid-up 261,78,777 Equity Shares of face value of Rs. 10/- each to the eligible equity shareholders at an issue price of Rs. 570/- per Equity Share (including premium of Rs. 560/- per Equity Share) in the Rights Issue, which opened on 16 July 2020 and closed on 30 July 2020. The entire proceeds of the Rights Issue have been utilised as per the objects stated in the offer document for the Rights issue. The fresh allotment of equity shares through Rights Issue as stated above has resulted in an increase of equity share capital by Rs. 26.18 crore and securities premium reserve by Rs. 1,446.84 crores (net of share issue expenses of Rs. 19.17 crore).On 31 January 2021, the Company issued and allotted USD 500,000,000 4.40% Senior Secured Notes due 2024 in offshore market (Social Bonds) for sum of USD 499,950,000 equivalent to Rs. 3,669.00 crore under USD 3 Billion GMTN Programme. The said Social Bonds were listed on Singapore Stock Exchange (SGX-ST) on 14 January 2021.

  • Chairman (Non-Executive)

    S Lakshminarayanan
  • Company Secretary

    Vivek M Achwal
  • Non-Exec. & Independent Dir.

    Kishori Udeshi
  • Non-Exec. & Independent Dir.

    S Sridhar
  • Non-Exec & Non-Independent Dir

    D V Ravi
  • Vice Chairman & MD & CEO

    Umesh Revankar
  • Non-Exec. & Independent Dir.

    Pradeep Kumar Panja
  • Non-Exec & Non-Independent Dir

    Ignatius Michael Viljoen

Registered Office

Sri Towers No 14A South Phase,
Indl Estate Guindy,Chennai,
Tamil Nadu-600032
India

REGISTRAR OFFICE

Kences Tower,
Ramakrishna Street,Chennai - 600 017
INDIA