Shriram Finance stock gets INR 1,220 target as Q1 profit rises
Published on 10/01/2026 at 06:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shriram Finance stock is backed by Motilal Oswal's INR 1,220.00 target after the broker reiterated its Buy view in a September 29, 2026 update. The target compares with a recommendation price of INR 972.00, while the company's latest quarter delivered a sharp earnings increase.
Q1 profit rises 59.90 percent
According to StockGro, Shriram Finance reported consolidated Q1 FY27 profit of INR 3,453 crore for the June 2026 quarter, up 59.90 percent from INR 2,159 crore in Q1 FY26. Total income reached INR 13,413 crore, a 16.20 percent year-over-year increase, while net interest income rose 33.70 percent to INR 8,056 crore.
The operating picture also improved. Assets under management expanded 15.30 percent year over year to INR 3,13,798 crore, disbursements rose 19.50 percent to INR 49,975 crore, and capital adequacy reached 34.00 percent after the MUFG equity investment.
INR 1,220 target meets key risks
DSIJ reported that Motilal Oswal expects AUM and profit-after-tax compound annual growth of 18.00 percent and 29.00 percent, respectively, over FY26-FY28. The broker also sees borrowing costs declining by 100 basis points over the next two to three years as rating upgrades, repricing and debt-market access improve.
The counterweight is credit sensitivity. Higher crude prices, elevated bond yields, uneven monsoon conditions and higher policy rates could pressure rural cash flows, transporter incomes and funding costs, according to the same September 29, 2026 broker update.
Market value reaches INR 2.3 trillion
Screener listed Shriram Finance on the NSE under ticker SHRIRAMFIN and showed a market capitalization of INR 2.3 trillion on September 30, 2026. The company operates as a non-banking financial company focused on commercial vehicle finance and related lending products.
Stock value and investor frame
The NSE quote was INR 961.75 on October 1, 2026 at 10:23 a.m. IST, versus a prior close of INR 982.70. The company therefore combines a 59.90 percent Q1 profit increase with a broker target of INR 1,220.00, while funding costs and rural credit conditions remain the central variables for the medium-term earnings case.
Shriram Finance key data
- Company: Shriram Finance Limited
- Ticker: SHRIRAMFIN
- Primary exchange: NSE
- Market capitalization: INR 2.3 trillion as of September 30, 2026
- Sector / Industry: Financial Services / Non-Banking Financial Company
