9.00%Shriram Transport Finance Company Limited 28 Mar 2028
ISIN:
INE721A08DA2
Taxable
Tax Category
28 Mar, 2028
Maturity Date
(3 Yr 7 Mo 30 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
28 Mar, 2018
Allotment Date
NA
Put Date
28 Mar, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Shriram Transport Finance Company Limited
Shriram Transport Finance Company Ltd (STFCL) is the flagship company of the Chennai-based Shriram Group. It is classified as a deposit-taking asset financing NBFC. The company was incorporated in 1979, with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators. It is the largest asset financing NBFC in India, concentrated mainly in the used vehicle financing business. Presently, STFCL has a network of 1,854 branches with 102 rural branches, 609 semi-urban and 220 urban branches as on March 31, 2022.
The ratio in FY23 is 5.5x and it was 6.6x in FY22, indicating decreasing debt levels due to increase in profits and earnings profile.
Debt/EBITDA
The ratio in FY23 is 1.7x and it was 1.4x in FY22, indicating increasing debt service ability of the issuer due to increase in profits and earnings profile.
Interest coverage ratio
Recent News
Shriram Housing Finance may defer in the share scale
May 31, 2023 | Shriram Transport Finance Company Limited
Shriram Finance shares rise 1.74% as Sensex slides
Mar 26, 2024 | Shriram Transport Finance Company Limited
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₹99.6436
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