CMP: 677

Shriram Transport Finance Co. Ltd. provides hire purchase finance for trucks.

Shriram Transport Finance is a good buy in large-cap space. Its currently trading at a P/E of 12 with decent dividend yields of close to 1% in the last 12 months. Revenues have grown from 1396 Crores to 5259 Crores in the last 5 years. Profits have risen from 1025 Crores to 4131 Crores over the last 5 years aided by NPM growth. NPM has risen from 13% to 23% over the last 5 years. The consistent growth is a strong reason to buy. Buy and hold for long term gains.