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Shriram Asset Management Company Limited (531359) Report Analysis

Corporate Events

Neutral

Shriram Asset Management Company Limited to Rep...

2022-10-21 08:17:00

Shriram Asset Management Company Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 10, 2022

Neutral

Shriram Asset Management Company Limited, Board...

2022-10-21 08:17:00

Shriram Asset Management Company Limited, Board Meeting, Nov 10, 2022. Agenda: To consider, the Unaudited Financial Results for the Quarter an...

Neutral

Shriram Asset Management Company Limited Approv...

2022-07-29 06:23:00

Shriram Asset Management Company Limited at Annual General Meeting was held on July 28, 2022 approved the Amendment of Articles of Association.

Negative

Shriram Asset Management Company Limited Announ...

2022-07-29 06:23:00

Shriram Asset Management Company Limited at 28th Annual General Meeting of the Company was held on July 28, 2022 approved the appointment of M...

Neutral

Shriram Asset Management Company Limited to Rep...

2022-07-20 05:02:00

Shriram Asset Management Company Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 02, 2022

Neutral

Shriram Asset Management Company Limited, Board...

2022-07-20 05:02:00

Shriram Asset Management Company Limited, Board Meeting, Aug 02, 2022, at 16:30 Indian Standard Time. Agenda: To consider the Unaudited Financ...

Neutral

Shriram Asset Management Company Limited - Shar...

2022-06-29 04:18:00

AGM

Neutral

Shriram Asset Management Company Limited, Annua...

2022-06-29 04:18:00

Shriram Asset Management Company Limited, Annual General Meeting, Jul 28, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt t...

Neutral

Shriram Asset Management Company Limited Propos...

2022-06-28 11:49:00

Shriram Asset Management Company Limited Proposed Amended Articles of Association, subject To Approve the shareholders.

Neutral

Shriram Asset Management Company Limited, Board...

2022-06-28 11:45:00

Shriram Asset Management Company Limited, Board Meeting, Jun 28, 2022. Agenda: To consider amendment in Articles of Association, subject to ap...

Positive

Shriram Asset Management Company Limited announ...

2022-05-27 00:00:00

On May 27, 2022, Shriram Asset Management Company Limited closed the transaction. The company has amended the terms of the transaction and iss...

Neutral

Shriram Asset Management Company Limited, Board...

2022-05-04 05:20:00

Shriram Asset Management Company Limited, Board Meeting, May 18, 2022, at 12:00 Indian Standard Time. Agenda: To consider the Audited Financia...

Negative

Shriram Asset Management Company Limited Announ...

2022-04-20 07:56:00

Shriram Asset Management Company Limited announced that Mr. M R Shashibhushan vide letter dated April 20, 2022, has tendered resignation as a ...

Neutral

Shriram Asset Management Company Limited to Rep...

2022-04-04 06:25:00

Shriram Asset Management Company Limited announced that they will report fiscal year 2021 final results on May 18, 2022

Negative

Shriram Asset Management Company Limited Announ...

2022-02-02 07:22:00

Shriram Asset Management Company Limited announced pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation...

Positive

Shriram Asset Management Company Limited announ...

2022-02-02 00:00:00

Shriram Asset Management Company Limited announced that it has entered into an investment agreement with returning investor Shriram Credit Com...

Neutral

Shriram Asset Management Company Limited to Rep...

2022-01-22 04:33:00

Shriram Asset Management Company Limited announced that they will report Q3, 2022 results on Feb 02, 2022

Neutral

Shriram Asset Management Company Limited, Board...

2022-01-22 04:33:00

Shriram Asset Management Company Limited, Board Meeting, Feb 02, 2022, at 11:00 Indian Standard Time. Agenda: To consider, the Unaudited Finan...

Neutral

Shriram Asset Management Company Limited to Report Q2, 2023 Results on Nov 10, 2022

2022-10-21 08:17:00

Shriram Asset Management Company Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 10, 2022

Neutral

Shriram Asset Management Company Limited, Board Meeting, Nov 10, 2022

2022-10-21 08:17:00

Shriram Asset Management Company Limited, Board Meeting, Nov 10, 2022. Agenda: To consider, the Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2022.

Neutral

Shriram Asset Management Company Limited Approves Amendment of Articles of Association

2022-07-29 06:23:00

Shriram Asset Management Company Limited at Annual General Meeting was held on July 28, 2022 approved the Amendment of Articles of Association.

Negative

Shriram Asset Management Company Limited Announces Director Appointments

2022-07-29 06:23:00

Shriram Asset Management Company Limited at 28th Annual General Meeting of the Company was held on July 28, 2022 approved the appointment of Mr. Gaurav Patankar, as Director. and appointment of Mr. Marc Irizarry, as an Independent Director.

Neutral

Shriram Asset Management Company Limited to Report Q1, 2023 Results on Aug 02, 2022

2022-07-20 05:02:00

Shriram Asset Management Company Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 02, 2022

Neutral

Shriram Asset Management Company Limited, Board Meeting, Aug 02, 2022

2022-07-20 05:02:00

Shriram Asset Management Company Limited, Board Meeting, Aug 02, 2022, at 16:30 Indian Standard Time. Agenda: To consider the Unaudited Financial Results for the Quarter Ended June 30, 2022.

Neutral

Shriram Asset Management Company Limited - Shareholder/Analyst Call

2022-06-29 04:18:00

AGM

Neutral

Shriram Asset Management Company Limited, Annual General Meeting, Jul 28, 2022

2022-06-29 04:18:00

Shriram Asset Management Company Limited, Annual General Meeting, Jul 28, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt the Audited Balance Sheet of the Company as at March 31, 2022 and the Statement of Profit and Loss for the year ended on that date together with the Reports of the Directors and Auditors thereon; to consider and appoint a Director in place of Mrs. Subhasri Sriram who retires by rotation and being eligible, offers herself for reappointment; to consider and re-appoint the Statutory Auditors of the Company and to fix their remuneration and in this regard, to consider and if thought fit, to pass, with or without modifications, the following resolution as an Ordinary Resolution; and to consider other matter also.

Neutral

Shriram Asset Management Company Limited Proposes Amendments to Memorandum & Articles of Association

2022-06-28 11:49:00

Shriram Asset Management Company Limited Proposed Amended Articles of Association, subject To Approve the shareholders.

Neutral

Shriram Asset Management Company Limited, Board Meeting, Jun 28, 2022

2022-06-28 11:45:00

Shriram Asset Management Company Limited, Board Meeting, Jun 28, 2022. Agenda: To consider amendment in Articles of Association, subject to approval of the shareholders. The key amendments proposed in the articles are enclosed as Annexure I; to consider appointment Gaurav Makarand Patankar as an Additional Director of the Company in the category of Non-executive Non-Independent Director w.e.f. June 28, 2022, subject to approval of the shareholders; and to transact other business.

Positive

Shriram Asset Management Company Limited announced that it has received INR 734.049576 million in funding from Mission1 Investments LLC, Shriram Credit Company Limited

2022-05-27 00:00:00

On May 27, 2022, Shriram Asset Management Company Limited closed the transaction. The company has amended the terms of the transaction and issued 500,000,000 Compulsorily Convertible Preference Shares for gross proceeds of INR 500,000,000 to Shriram Credit Company Limited and 18,800 Compulsorily Convertible Debentures for gross proceeds of INR 188,000,000 and 1,481,885 for gross proceeds of INR 46,049,576.375. The company has received INR 734,049,576.375 in the transaction. The transaction has been approved by board of directors of the company. The securities are subject to lock-in restrictions.

Neutral

Shriram Asset Management Company Limited, Board Meeting, May 18, 2022

2022-05-04 05:20:00

Shriram Asset Management Company Limited, Board Meeting, May 18, 2022, at 12:00 Indian Standard Time. Agenda: To consider the Audited Financial Results for the Quarter and Year Ended March 31, 2022; to reappoint statutory auditors; and to consider other matters.

Negative

Shriram Asset Management Company Limited Announces Resignation of M R Shashibhushan as a Director

2022-04-20 07:56:00

Shriram Asset Management Company Limited announced that Mr. M R Shashibhushan vide letter dated April 20, 2022, has tendered resignation as a Director of the Company due to extreme time constraints & other personal reasons.

Neutral

Shriram Asset Management Company Limited to Report Fiscal Year 2021 Final Results on May 18, 2022

2022-04-04 06:25:00

Shriram Asset Management Company Limited announced that they will report fiscal year 2021 final results on May 18, 2022

Negative

Shriram Asset Management Company Limited Announces Change in Directorate

2022-02-02 07:22:00

Shriram Asset Management Company Limited announced pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with Para A of Part A of Schedule III to the said Regulations, the company informed that: 1. Mr. Prabhakar Karandikar (DIN 02142050) will be vacating the office of Director and consequently Chairman of the Company by w.e.f. February 13, 2022 due to completion of tenure of 10 years as an Independent Director pursuant to SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2017/125 dated November 30, 2017. Mr. Karandikar has confirmed that there are no other material reasons for his vacation other that those provided in the letter dated January 31, 2022. Copy of the letter is enclosed. 2. Mr. R Sundararajan (DIN 00498404) vide letter dated February 02, 2022, has resigned as Director of the Company with effect from close of business hours on February 02, 2022. Mr. Sundararjan has also confirmed that there are no other material reasons for his resignation other that those provided in the resignation letter dated February 02, 2022. Copy of the resignation letter is enclosed. 3. Mr. Ramamurthy Vaidyanathan (DIN 00221577) has been appointed as an Additional Director in the category of Independent Director with effect from February 02, 2022 for 5 consecutive years to hold office upto February 01, 2027, subject to approval of shareholders. 4. Mr. M.R. Shashibhushan (DIN 00498404) has been appointed as an Additional Director in the category of Non- executive Non-Independent Director w.e.f. February 02, 2022, subject to approval of shareholders.

Positive

Shriram Asset Management Company Limited announced that it expects to receive INR 734.050011 million in funding from Mission1 Investments LLC, Shriram Credit Company Limited

2022-02-02 00:00:00

Shriram Asset Management Company Limited announced that it has entered into an investment agreement with returning investor Shriram Credit Company Limited for a private placement on a preferential issue basis of up to 500,000,000 Compulsorily Convertible Preference Shares issued at face value of INR 1 per share for gross proceeds of INR 500,000,000 and with new investor Mission1 Investments LLC for a private placement on a preferential issue basis of up to 18,800 Compulsorily Convertible Debentures issued at face value of INR 10,000 per debenture for gross proceeds of INR 188,000,000 and up to 1,481,899 warrants issued at face value of INR 124.3 per warrant for gross proceeds of INR 184,200,000, out of which 25% of the amount which is equal to gross proceeds of INR 46,050,000 will be received upfront and the remaining will be received in accordance with applicable law, for aggregate gross proceeds of INR 734,050,000 on February 2, 2022. The preferred shares are convertible into 4,022,526 equity shares, the debentures are convertible into 1,512,469 equity shares and each warrant is exercisable into one equity share, at a conversion price of INR 124.3 per share and at an exercise price of INR 93.225008 per share respectively, until the expiry of 18 months from the date of issuance of the securities. The transaction has been approved in the meeting of the Board of Directors of the company and is subject to approval of the shareholders' and other necessary approvals including applicable governmental and regulatory approvals including the approval of the Securities and Exchange Board of India and the Trustees of the Shriram Mutual managed by the company and subject to compliance with the applicable laws and regulations. As part of the transaction, Shriram Credit Company Limited will have the right to appoint two directors on the Board of the company and Mission1 Investments LLC will have the right to appoint one director on the Board of the company. The company will receive the funding in one or more tranches. After all the securities are converted into equity shares, Mission1 Investments LLC and Shriram Credit Company Limited will hold 23% stake and 62.55% stake in the company respectively.

Neutral

Shriram Asset Management Company Limited to Report Q3, 2022 Results on Feb 02, 2022

2022-01-22 04:33:00

Shriram Asset Management Company Limited announced that they will report Q3, 2022 results on Feb 02, 2022

Neutral

Shriram Asset Management Company Limited, Board Meeting, Feb 02, 2022

2022-01-22 04:33:00

Shriram Asset Management Company Limited, Board Meeting, Feb 02, 2022, at 11:00 Indian Standard Time. Agenda: To consider, the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2021; to consider fund raising by way of a preferential issue of specified securities and determination of issue price, and (b) convening of an extraordinary general meeting of the shareholders' of the Company for seeking approval of the shareholders for the preferential issue, if approved by the board; and to consider any other matter thereof.

Fundamental Summary

Shriram Asset Management published its Q1 report on 2022-07-04 with positive results, but no significant factors particularly remarkable relative to its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, Shriram Asset Management received an overall score of 69, translating into a HOLD ranking.

Shriram Asset Management reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 17.71 million compared to INR 15.04 million a year ago. Net loss was INR 9.93 million compared to net income of INR 1.95 million a year ago. Basic loss per share from continuing operations was INR 1.66 compared to basic earnings per share from continuing operations of INR 0.32 a year ago. Diluted loss per share from continuing operations was INR 0.46 compared to diluted earnings per share from continuing operations of INR 0.32 a year ago.For the six months, revenue was INR 26.64 million compared to INR 27.91 million a year ago. Net loss was INR 26.66 million compared to net income of INR 2.58 million a year ago. Basic loss per share from continuing operations was INR 4.44 compared to basic earnings per share from continuing operations of INR 0.42 a year ago. Diluted loss per share from continuing operations was INR 2.02 compared to diluted earnings per share from continuing operations of INR 0.42 a year ago.

Business Description

Shriram Asset Management is a publicly owned investment manager. The firm provides asset management services in India. The firm invests in public equity and fixed income markets across the globe. The company was founded in 1994 and is headquartered in Kolkata, India. Shriram Asset Management Company Ltd operates as a subsidiary of Shriram Credit Company Limited.

Sector Overview

Shriram Asset Management is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Shriram Asset Management's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 559.0M -3.9% 58
Liabilities 20.8M -23.1% 51
Price to Book -550.8 -2001.0% 65
Cash & Equivalents 796.0K -71.9% 61
Equity -1.8M -112.2% 70
EBITDA -4.4M -105.9% 69
Total Revenues 48.2M -8.3% 56
Parameter Value Change Score
Return on Equity -2.8 -206.2% 77
Net Cashflow -2.0M -819.1% 66
Capital Expenditure -134.0K -0.3% 81
Asset Turnover 0.1 -9.8% 84
Free Cashflow Per Share -7.4 -4.4% 67
* All values are TTM

The below chart reflects Shriram Asset Management's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Shriram Asset Management's peer average final assessment score stands on 68, Shriram Asset Management's score is 69.

  •  531359
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 0 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 1 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 2 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 3 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 4 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 5 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 6 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 7 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 8 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 9 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 10 1
Arihant Capital Markets Limited 7.0B 87 80 66
Buy
86
86 11 1
Summit Securities Limited 6.9B 44 62 87
Underperform
51
51 12 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 14 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 15 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 16 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 17 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 18 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 19 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 20 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 21 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 22 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 23 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 24 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 25 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 26 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 27 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 28 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 29 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 30 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 31 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 32 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 33 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 34 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 35 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 36 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 37 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 38 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 39 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 40 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 41 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 42 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 43 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 44 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 45 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 46 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 47 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 48 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 49 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 50 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 51 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 52 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 53 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 54 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 55 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 56 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 57 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 58 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 59 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 60 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 61 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 62 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 63 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 64 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 65 1
Goenka Business & Finance Limited 109.2M 62 89 50
Hold
66
66 66 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 67 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 68 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 69 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 70 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 71 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59 66 71
Underperform
59
59 73 1
VLS Finance Limited 5.2B 79 70 64
Hold
75
75 74 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 75 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 76 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 77 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 78 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 79 1
Steel City Securities Limited 910.2M 66 60 68
Hold
64
64 80 1

Macro Environment

Neutral
64

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Shriram Asset Management Company Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Shriram Asset Management Company Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Shriram Asset Management Company Limited macro environment with the score of 64.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Shriram Asset Management's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Shriram Asset Management's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 146.95
52W Low 95.1
52W High 192.9
5D MA 146.41
50D MA 154.67
200D MA 147.91
MACD -2.78
RSI 61.97
STOCH 79.6

Balance Sheet Analysis

All in all, looking at the balance sheet, Shriram Asset Management's financial health appears good. Shriram Asset Management's balance sheet neither stood out as being particularly strong or weak relative to its peers. Shriram Asset Management did a great job related to equity this period, which stood at -1.8M, representing a -112.2% change. This parameter often affects companies in the same industry and market capitalization by up to 6.0%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Therefore, its equity movement component earned a score of 70. Also, Shriram Asset Management's price to book ratio (P/B) was reported as -550.8 and represents -2001.0% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Therefore, its book value factors earned a score of 65. That said, one metric, Liabilities, stood out as particularly concerning. At filing, Shriram Asset Management's liabilities were 20.8M, representing a -23.1% change from the previous period. Shriram Asset Management's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Its liabilities movement component, therefore, received a grade of 51. Therefore, their balance sheet earned a grade of 62.

Parameter Value Change Score
Assets 559.0M -3.9% 58
Liabilities 20.8M -23.1% 51
Price to Book -550.8 -2001.0% 65
Cash & Equivalents 796.0K -71.9% 61
Equity -1.8M -112.2% 70
* All values are TTM

The below chart describes Shriram Asset Management's performance as reflected on its balance sheet with respect to its peers. While Shriram Asset Management received a balance sheet score of 62, the average of its peers stands on 72.

  •  531359
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 0 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 1 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 2 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 3 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 4 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 5 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 6 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 7 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 8 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 9 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 10 1
Arihant Capital Markets Limited 7.0B 78.0 54.0 66.0 57.0 88.0 87 11 1
Summit Securities Limited 6.9B 81.0 40.0 59.0 47.0 42.0 44 12 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 14 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 15 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 16 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 17 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 18 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 19 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 20 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 21 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 22 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 23 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 24 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 25 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 26 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 27 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 28 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 29 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 30 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 31 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 32 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 33 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 34 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 35 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 36 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 37 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 38 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 39 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 40 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 41 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 42 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 43 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 44 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 45 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 46 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 47 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 48 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 49 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 50 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 51 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 52 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 53 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 54 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 55 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 56 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 57 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 58 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 59 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 60 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 61 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 62 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 63 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 64 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 65 1
Goenka Business & Finance Limited 109.2M 79.0 70.0 47.0 61.0 52.0 62 66 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 67 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 68 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 69 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 70 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 71 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59.0 82.0 83.0 64.0 51.0 59 73 1
VLS Finance Limited 5.2B 79.0 72.0 89.0 71.0 69.0 79 74 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 75 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 76 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 77 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 78 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 79 1
Steel City Securities Limited 910.2M 67.0 68.0 71.0 66.0 65.0 66 80 1

Income Statement Analysis

Taking a comprehensive view of Shriram Asset Management's income statement statement, especially relative to their peers, Shriram Asset Management looks likely to be able to maintain modest momentum. Shriram Asset Management's reported return on equity (ROE) ratio was -2.8, representing a change of -206.2%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 77. That said, one metric, Revenue Efficiency, stood out as strongly negative. Shriram Asset Management management did an underwhelming job managing revenue efficiency this past period. Shriram Asset Management's revenue efficiency is 48.2M according to the metrics in the current filing, which represents a -8.3% change from the previous report. This metric might have a 2.9 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Consequently, their revenue efficiency received a grade of 56. The companies' income statement, therefore, earned a score of 71.

Parameter Value Change Score
EBITDA -4.4M -105.9% 69
Total Revenues 48.2M -8.3% 56
Return on Equity -2.8 -206.2% 77
* All values are TTM

The below chart describes Shriram Asset Management's performance as reflected on its income statement with respect to its peers. While Shriram Asset Management received a income statement score of 71 , the average of its peers stands on 65.

  •  531359
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 0 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 1 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 2 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 3 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 4 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 5 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 6 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 7 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 8 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 9 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 10 1
Arihant Capital Markets Limited 7.0B 82.0 76.0 80.0 80 11 1
Summit Securities Limited 6.9B 88.0 63.0 52.0 62 12 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 14 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 15 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 16 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 17 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 18 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 19 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 20 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 21 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 22 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 23 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 24 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 25 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 26 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 27 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 28 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 29 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 30 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 31 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 32 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 33 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 34 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 35 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 36 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 37 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 38 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 39 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 40 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 41 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 42 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 43 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 44 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 45 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 46 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 47 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 48 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 49 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 50 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 51 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 52 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 53 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 54 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 55 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 56 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 57 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 58 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 59 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 60 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 61 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 62 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 63 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 64 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 65 1
Goenka Business & Finance Limited 109.2M 43.0 95.0 41.0 89 66 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 67 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 68 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 69 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 70 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 71 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 72 1
Pilani Investment and Industries Corporation Limited 21.2B 51.0 70.0 63.0 66 73 1
VLS Finance Limited 5.2B 57.0 76.0 61.0 70 74 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 75 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 76 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 77 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 78 1
BLB Limited 1.1B 76.0 75.0 88.0 78 79 1
Steel City Securities Limited 910.2M 49.0 64.0 61.0 60 80 1

Cash Flow Analysis

Two main cash flow metrics, Asset Turnover and Capex, are driving the positive outlook for Shriram Asset Management's financial strength. Shriram Asset Management is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.1, representing a -9.8% change from the previous period. This metric might have a 3.4 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. The company's asset turnover movement, therefore, received a grade of 84. Also, Shriram Asset Management's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -134.0K, which represents a -0.3% change from the last period. This performance is all the more impressive relative to their peers and competitors. Consequently, their CapEx movement received a grade of 81. However, one discouraging result, Net Cash Flow, stood out. Shriram Asset Management's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as -2.0M, which is a -819.1% change from the last report. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Consequently, their net cash flow movement received a grade of 66. Their cash flow, therefore, earned a score of 84.

Parameter Value Change Score
Net Cashflow -2.0M -819.1% 66
Capital Expenditure -134.0K -0.3% 81
Asset Turnover 0.1 -9.8% 84
Free Cashflow Per Share -7.4 -4.4% 67
* All values are TTM

The below chart describes Shriram Asset Management's performance as reflected on its cash flow with respect to its peers. While Shriram Asset Management received a cash flow score of 84, the average of its peers stands on 66.

  •  531359
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 0 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 1 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 2 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 3 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 4 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 5 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 6 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 7 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 8 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 9 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 10 1
Arihant Capital Markets Limited 7.0B 67.0 67.0 47.0 65.0 66 11 1
Summit Securities Limited 6.9B 85.0 51.0 96.0 71.0 87 12 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 14 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 15 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 16 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 17 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 18 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 19 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 20 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 21 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 22 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 23 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 24 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 25 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 26 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 27 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 28 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 29 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 30 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 31 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 32 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 33 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 34 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 35 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 36 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 37 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 38 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 39 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 40 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 41 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 42 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 43 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 44 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 45 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 46 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 47 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 48 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 49 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 50 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 51 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 52 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 53 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 54 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 55 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 56 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 57 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 58 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 59 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 60 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 61 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 62 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 63 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 64 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 65 1
Goenka Business & Finance Limited 109.2M 69.0 70.0 60.0 51.0 50 66 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 67 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 68 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 69 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 70 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 71 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 72 1
Pilani Investment and Industries Corporation Limited 21.2B 66.0 71.0 66.0 67.0 71 73 1
VLS Finance Limited 5.2B 68.0 69.0 60.0 66.0 64 74 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 75 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 76 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 77 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 78 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 79 1
Steel City Securities Limited 910.2M 59.0 72.0 62.0 73.0 68 80 1

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