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08 Dec 2016 | 8:41 AM
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Equity Research Report: Religare Investment Pick

Shriram Transport Finance Company Ltd is India's largest player in commercial vehicle finance. The principal activity of the company is to provide finance for new and pre-owned automobiles. The company is improving rural infrastructure with focus on rural market it is also focusing on technology utilization and right-sizing of back office staff to achieve reduction in cost-to-income ratio.
27 Mar 2015 | 10:45 AM

Key Triggers

 

  • Proportion of very old vehicles ( 5 years) is expected to increase, aiding profitability ahead.
  • Priority sector lending certificates may become a potential game changer for SHTF as it will enable NBFCs to sell loans efficiently at a better rate.
  • We expect the delinquency rate to decline considerably in FY16, leading to lower interest reversals, any recovery from written-off interest accruals would also boost margins for SHTF.
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