Shriram Finance Share Price Today: Stock Leads Nifty as New CEO Takes Charge on 5 December 2025

Shriram Finance Limited (NSE: SHRIRAMFIN) is in focus on 5 December 2025 as its share price trades near record highs, the company completes a leadership transition at the top, and investors digest strong Q2 FY26 results, fresh debenture-raising approvals and ongoing speculation around a potential MUFG stake.

As of late-morning trade on 5 December 2025, Shriram Finance is quoted around ₹845–₹850 on the NSE/BSE, up roughly 2% versus Thursday’s close of ₹828.65. Business Standard pegs the price at ₹844.60 at 10:30 am IST, while Mint and other live trackers show levels around ₹845–₹846, with an intraday range of about ₹828.65–₹853. ^[1]

The move comes on a day when the stock briefly tops the Nifty 50 gainers list, reflecting strong buying interest in financials after the Reserve Bank of India (RBI) delivered a widely anticipated rate cut.

Shriram Finance share price today: Nifty leader after RBI rate cut

In Friday’s trade (5 December 2025), Shriram Finance has emerged as one of the top Nifty gainers, with Goodreturns’ live market blog noting that the stock led the index, rising about 1.6% in early trade. ^[2]

ET Now’s live market coverage separately highlighted Shriram Finance at a last traded price near ₹840, up about 1.4%, reinforcing its status as one of the key drivers of Nifty’s move above the 26,000 mark. ^[3]

Key intraday metrics from major data providers as of 5 December 2025:

Price range (day): ~₹828.65 – ₹853.00 ^[4]
Previous close: ₹828.65 ^[5]
52‑week range: roughly ₹493–₹872 ^[6]
Market capitalisation: around ₹1.58–1.59 lakh crore ^[7]

The backdrop helping NBFC stocks: the RBI’s Monetary Policy Committee cut the repo rate by 25 bps to 5.25% on 5 December, while retaining a neutral stance—supportive for lenders’ funding costs over time. ^[8]

CEO transition takes effect on 5 December 2025

The trading action coincides with a major leadership change at Shriram Finance that becomes effective today.

The board earlier approved the re-designation of Parag Sharma from Managing Director & CFO to Managing Director & Chief Executive Officer, effective 5 December 2025, following the end of Y. S. Chakravarti’s tenure on 4 December 2025. ^[9]
A shareholder postal ballot has also cleared Mr. Sunder Subramanian as a Director and Joint Managing Director & CFO, alongside other board-level changes. ^[10]

The same postal ballot authorised the company to issue debentures up to ₹35,000 crore on a private-placement basis, within its overall borrowing limits—signalling continued scaling of its debt market funding strategy. ^[11]

This leadership transition comes after decades of internal grooming: Sharma has been with the Shriram Group for over thirty years, playing a key role in treasury, ratings improvement, and growth funding, according to the company’s earlier disclosure. ^[12]

Q2 FY26 results: double‑digit growth and better asset quality

Investors are also reacting to solid Q2 FY26 (September 2025) numbers, which were approved on 31 October 2025.

Key highlights (standalone and consolidated, rounded):

Total income: ~₹11,921 crore, up about 18% YoY. ^[13]
Net profit: ~₹2,314 crore, up roughly 7–11% YoY depending on the cut of the numbers. ^[14]
Net interest income (NII): ~₹6,267 crore, up about 12% YoY. TechStock²
Assets under management (AUM): around ₹2.81 lakh crore, up 15.7% YoY. TechStock²

On the balance-sheet quality side:

Gross Stage 3 assets improved to 4.57% in Q2 FY26 from 5.32% a year earlier, reflecting better asset quality and recoveries. ^[15]

These metrics reinforce Shriram Finance’s narrative as a large NBFC that is still delivering double-digit earnings growth and moderating credit costs even after a multi‑year rally in the stock.

Capital, funding and debentures: Rs 35,000 crore headroom and bond reissues

Beyond pure earnings, the market is tracking Shriram Finance’s funding strategy closely.

Recent developments include:

Debenture headroom: Shareholders have approved non-convertible debenture (NCD) issuance up to ₹35,000 crore, giving management significant flexibility to tap domestic bond markets. ^[16]
Fresh bond funding: MarketScreener and Reuters logs show Shriram Finance reissuing 2028–2029 bonds and raising about ₹1.25 billion (₹125 crore) via debentures in early December, continuing its pattern of staggered bond issuance. ^[17]
Offshore borrowing strategy: Earlier in 2025, CEO Y. S. Chakravarti told Reuters the company is exploring yen‑denominated borrowing and other overseas options, building on a prior multi-currency social loan; by March 2025, external commercial borrowings made up about 15% of total borrowings and overseas bonds about 6.8%. ^[18]

The combination of domestic NCDs and foreign-currency borrowing is designed to support management’s medium-term aim of 17–18% AUM growth with net interest margins in the 8.5–8.8% range, while optimising cost of funds. TechStock²+1

Dividend actions and long-term returns

For FY 2025–26 (FY26), Shriram Finance has continued its pattern of returning cash to shareholders via dividends:

On 31 October 2025, the board declared an interim dividend of ₹4.80 per share (240% of face value), with a record date of 7 November 2025. ^[19]

The stock has delivered:

About 35–43% share price appreciation over the past 12 months, significantly outperforming the Sensex and Nifty over the same period. ^[20]
Around 200%+ returns over three years, versus roughly mid‑30% gains for the Sensex, according to Business Standard’s return tables. ^[21]

This mix of mid-teens earnings growth, regular dividends and strong price appreciation is one reason the stock has become a high‑conviction holding in many domestic mutual funds and index portfolios.

Trading volumes and technical picture: heavy delivery buying

Today’s price action is backed by elevated investor participation rather than just intraday speculation.

According to MarketsMojo, delivery volumes on 3 December 2025 hit about 94.1 lakh shares, nearly double (≈98% higher) than the five-day average delivery volume—an indication that more investors were taking shares into demat accounts rather than flipping them intraday. ^[22]

The same analysis notes that:

Liquidity is deep enough to comfortably handle institutional trades of ~₹15 crore without significant price disruption. ^[23]
The stock is trading above key moving averages and remains in a broadly positive medium‑ to long‑term uptrend, even as short-term volatility remains high. ^[24]

Data providers peg the 52‑week high around ₹871–₹872 and the low near ₹493, meaning the stock is currently trading just a few percent below its all‑time high zone. ^[25]

What analysts are saying: targets between ₹735 and ₹985

Analyst and model-based forecasts are somewhat split between “valuation-capped” and “still attractive” camps.

Broker calls (recent)

Recent brokerage notes tracked on MarketScreener and the financial press include: ^[26]

Nomura: Target ₹985, rating Buy (raised from ₹700 on 1 December 2025).
IIFL: Target ₹900, rating Buy (3 November 2025).
YES Securities: Target ₹870, upgraded to Buy from Add (3 November 2025).
Jefferies: Target ₹880, rating Buy (3 November 2025).
Morgan Stanley:Overweight with a target around ₹925, implying low‑double‑digit upside from late‑November levels near ₹830. ^[27]

Mint’s coverage aggregates 32 analysts, of whom 28 rate the stock “Buy” or “Strong Buy”, with only a small minority on Hold/Sell, assigning an overall rating of “Strong Buy.” ^[28]

Aggregated target-price models

By contrast, some global and model-based platforms show more muted upside or even slight downside from current levels:

Trendlyne: Consensus 12‑month target around ₹805, implying a small downside versus recent prices in the mid‑₹840s. ^[29]
TradingView analyst consensus: Average target ~₹854, with a range of ₹750–₹985. ^[30]
Alphaspread: Average target about ₹831, with a low near ₹592 and a high around ₹971; the platform notes that, on average, analysts expect a modest drop from current levels. ^[31]
TipRanks: Average 12‑month target around ₹735, framed as offering no upside at the current share price. ^[32]

Taken together, the domestic broker community is largely bullish, especially post‑Q2 results, while some global consensus screens show the stock as fairly valued to slightly expensive around current levels.

MUFG stake talks: strategic optionality, but still in the “rumour” bucket

Another key theme underpinning sentiment is the possibility of a strategic investment by Japan’s Mitsubishi UFJ Financial Group (MUFG):

In late September and early October 2025, Reuters and Economic Times reported that MUFG is in advanced talks to acquire a 20% stake in Shriram Finance via a preferential issue of about ₹23,200 crore (~$2.6 billion), in what could be the largest FDI deal in India’s NBFC sector. ^[33]
The proposed structure reportedly includes board seats and the option for MUFG to raise its stake further over time. ^[34]

However, Shriram Finance has publicly refuted reports of any confirmed 20% stake sale, calling them “rumour and speculation” in an exchange filing and emphasising that recent share-price moves are driven by market factors, not undisclosed management actions. ^[35]

For investors, this means MUFG remains a potential positive catalyst, but one that is not yet in the price with certainty; any formal announcement—positive or negative—could trigger sharp moves.

Valuation snapshot: mid‑teens multiples, just below record highs

On 5 December 2025, Shriram Finance is trading on:

Trailing P/E: data providers show a range from about 11.8x (Mint) to 16.2x (Business Standard), reflecting different earnings bases and calculation windows. ^[36]
Price‑to‑book (P/B): approximately 2.6x. ^[37]
Dividend yield: roughly 1.2–1.3%, based on recent payouts. ^[38]

These metrics place the stock in a mid‑teens earnings multiple band, at a premium to many traditional lenders but still below some high‑growth NBFC peers trading at higher P/E ratios.

Given that the 12‑month share-price return is in the 35–45% range and the stock sits close to its 52‑week high, some analysts argue that further upside now depends on continued earnings beats, benign credit costs and clarity on strategic capital events like MUFG. ^[39]

Regulatory and risk backdrop: small penalties, big responsibilities

On the risk side, investors are monitoring both regulatory actions and tax-related penalties, which have been small in absolute terms but relevant as signals:

In July 2025, the RBI imposed a ₹2.70 lakh penalty on Shriram Finance for non-compliance with certain provisions of its Digital Lending Directions, relating to how some loan repayments were routed. ^[40]
In November 2025, the company disclosed two GST penalty orders totalling roughly ₹15 lakh, tied to disallowance of input tax credit at an erstwhile entity; the amounts are immaterial at group scale but highlight the need for tight compliance. ^[41]

While these sums are tiny relative to annual profit, they underline the heightened regulatory scrutiny on NBFCs, particularly around digital lending practices and indirect taxes.

Key structural risks investors typically weigh:

Cyclicality in commercial vehicle (CV) and MSME lending. TechStock²+1
Interest‑rate risk and funding cost volatility, especially with a relatively high debt‑to‑equity ratio above 3.5–4x. ^[42]
Competitive intensity from banks and other large NBFCs in core segments like vehicle finance and SME loans. ^[43]

What today’s move means for investors

Put together, 5 December 2025 marks an important checkpoint in the Shriram Finance story:

The share price is testing the upper band of its historical range, supported by strong earnings and heavy delivery-based buying. ^[44]
A new CEO, Parag Sharma, formally takes the reins, while the board arms itself with ₹35,000 crore of debenture-raising capacity, signalling readiness for the next leg of balance-sheet growth. ^[45]
The RBI’s rate cut and potential MUFG stake add macro and strategic tailwinds, even as consensus models and some aggregators hint that near‑term upside may be limited from current valuations. ^[46]

For long-term followers of the stock, the central debate now is less about “quality”—the franchise, asset quality trajectory and profitability are all broadly proven—and more about “price”: how much of that quality, and how much of the MUFG–plus–rate‑cut optimism, is already embedded in a stock that has rallied hard into late 2025.