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Shriram Finance
Shriram Finance (SHRIRAMFIN) investor relations material
Shriram Finance Status Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Status Update summary30 Dec, 2025
Strategic partnership and capital infusion
Announced a strategic partnership with MUFG, involving a 20% stake and a fresh capital infusion of approximately $4.4 billion, approved by both boards and pending regulatory approvals.
The capital will support a long-term growth strategy, targeting an increase in growth rate from 16%-17% to 18%-20%, aligned with India's robust GDP and credit demand.
MUFG will have two board seats and may second up to three personnel at non-senior management levels, focusing on digital, reporting, and account maintenance synergies.
No plans for MUFG to become a co-promoter or increase its stake beyond 20%; the investment is classified as non-promoter.
The transaction is expected to close within two to three months, subject to regulatory approvals.
Financial impact and guidance
Borrowing costs are expected to decrease by 100 basis points over two to three years, driven by the capital infusion, rating upgrades, and improved market perception.
ROA is projected to rise from 2.8% to 3.6% over five years, with a temporary spike to 3.8% possible in the interim.
ROE will initially dip to 13.5% due to higher capital but is expected to recover to current levels by 2031.
Leverage (debt to equity) will drop to 2.6x post-infusion, with a long-term target of 4-4.5x.
Credit costs are expected to improve by 10-20 basis points, aided by better customer retention.
Growth strategy and product/geographic focus
Growth will be driven by retaining existing customers, expanding in vehicle finance (targeting to double new vehicle market share in three years), and cautious SME lending.
No plans to enter large-ticket SME or LAP lending; focus remains on small-ticket, cash-flow-based, and secured SME loans.
Geographic expansion will focus on rural, semi-urban, and underpenetrated regions in north, central, and east India, avoiding metros.
Product mix is expected to remain stable at 80% vehicle (including two-wheelers) and 20% non-vehicle, with a slight increase in gold finance.
No plans for inorganic growth or M&A; growth will be organic.
New lending segments enabled by capital
Reconcile conservative ROE target with benefits
MUFG's strategic role beyond capital infusion
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Next Shriram Finance earnings date
Q3 25/2623 Jan, 2026
Shriram Finance
Next Shriram Finance earnings date
Q3 25/2623 Jan, 2026
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Frequently asked questions
Shriram Finance Limited is a non-banking financial company providing a range of financial services, including commercial vehicle financing, personal loans, business loans, and gold loans. It serves individuals and small to medium enterprises primarily across semi-urban and rural India. The company is headquartered in Mumbai, India, and its shares are listed on the NSE.
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