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Login Open ICICI 3-in-1 Account

Entry Price

1,500.00

Target

1,820.00

Recommend Date

08-01-2018

Return

-21.33 %
BUY

Date : 08-01-2018

Shriram Transport Finance (STFC) is the pioneer and largest player in the used CV financing space and is a part of the "Shriram" conglomerate that has a significant presence in varied financial services. STFC was incorporated in 1979 and started financing the much neglected small truck owners. Currently, it has an AUM of | 85463 crore, growing 13.2% YoY (~87% is derived from used vehicles) as on Q2FY18. It has a network of 1035 branches with 1.62 million customers. For FY17 & H1FY18, PAT was at | 1257 crore & | 927 crore (21% YoY), respectively.