Shriram Finance Reports Strong Financial Performance in Q4 2023

Return on Equity (ROE) - Quarterly: Lowest at 12.03% in the last five quarters.ROE has been declining in the near term.
Return on Capital Employed (ROCE) - Quarterly: Lowest at 12.03% in the last five quarters.ROCE has been declining in the near term.

Overall, Shriram Finance has shown strong financial performance in the quarter ending Dec 2023. The company has reported its highest net sales, operating profit, profit before tax, and profit after tax in the last five quarters. This positive trend is reflected in the company's improved score of 6 from 3 in the last 3 months.

One of the key factors contributing to Shriram Finance's success is its increasing net sales each quarter in the last five quarters. This shows a strong demand for the company's services and a positive sales trend in the near term. Additionally, the company's operating profit and profit before tax have also shown an upward trend, indicating efficient management and cost control.

Shriram Finance's profitability has also improved, with the company reporting its highest earnings per share in the last five quarters. This shows that the company has been able to generate higher earnings for its shareholders.

However, there are some areas that need improvement. The company's cash and cash equivalents have been decreasing in the last six half yearly periods, indicating a deteriorating short-term liquidity. Additionally, the return on equity and return on capital employed have been declining in the near term, which is something the company should address.

Overall, Shriram Finance's financial performance in the quarter ending Dec 2023 has been positive and reflects the company's strong position in the finance/NBFC industry. With a 'Buy' call from MarketsMOJO, investors can be confident in the company's future prospects.