Shriram Transport Finance Company Ltd Financials
Parameters(billion) | FY21 | FY22 |
NII | 81.67 | 93.16 |
PAT | 24.87 | 27.08 |
AUM | 1172.43 | 1270.4 |
Net worth | 215.407 | 259.04 |
NIM (%) | 6.70% | 6.62% |
CRAR (%) | 22.50% | 22.97% |
GNPA (%) | 7.06% | 7.07% |
NNPA (%) | 4.22% | 3.67% |
ROE (%) | 12.57% | 11.14% |
Shriram Transport Finance Company Ltd (STFCL) is a part of the Shriram group of companies, which has a strong presence in financial services in India, including commercial vehicle financing, consumer finance, life and general insurance, stockbroking, chit funds and distribution of financial products, such as life and general insurance products and mutual fund products.
The company was established in 1979 and it has a long track record of four decades in the commercial vehicle financing industry in India. The Company has been registered as a deposit taking NBFC with the Reserve Bank of India (RBI) since 4 September 2000 under Section 45IA of the Reserve Bank of India Act, 1934.
The company is one of the largest asset financing non-banking finance companies in the organized sector in India that cater to first-time buyers (“FTB”) and small road transport operators (“SRTOs”) for financing pre-owned commercial vehicles. In addition, it provides commercial vehicle finance for new commercial vehicles. It is among the leading NBFCs in the organized sector for the commercial vehicle industry in India for FTBs and SRTOs.
Shriram Transport Finance Ltd has been assigned long term rating of AA+ by CRISIL, CARE and India Rating.
Market Leadership: STFCL is one of the largest asset financings NBFCs. Its assets under management (AUM) rose by 8.36% during FY22 on yearly basis.
Robust Capitalization level: STFCL’s net worth rose to Rs 259 billion as of 31st March 2022 from 215 billion as of 31st March 2021. Consequently, capital adequacy stood stable at 23% as of 31st March 2022.
Financial Performance: During FY22, net interest income rose by 14% on yearly basis. Consequently, net profit rose by 8.89% during the same period. Net interest margin stood at 6.62% during last fiscal year.
NPA level: STFCL’s asset quality has been at elevated level in recent years. As of 31st March 2022, its gross NPA stood at 7.07% as compared to 7.02% as of 31st March 2021. However, its net NPA improved to 3.67% from 4.22% during the same period.