Shriram Finance stock, financial services

Motilal Oswal sets INR 1,220 target for Shriram Finance stock

Published on 10/23/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 profit rose 59.89 percent to INR 3,453 crore. Shriram Finance stock entered October 23, 2026 results with Motilal Oswal's INR 1,220 target.

Results and valuation context

Motilal Oswal set an INR 1,220 target on September 29, 2026.
First-quarter fiscal 2027 profit rose 59.89 percent to INR 3,453 crore.
Shriram Finance had an INR 2.1 trillion market capitalization on October 23, 2026.

Shriram Finance stock, financial services, quarterly results, analyst target, NSE, Nifty 50, Illustration mit AI erstellt.

Shriram Finance was covered by Moneycontrol on September 30, 2026, which reported that Motilal Oswal retained a Buy rating and an INR 1,220 target dated September 29, 2026. The target gives the latest analyst view a concrete valuation marker before the company discusses its second-quarter numbers.

Target rests on growth

Motilal Oswal's report links the target to a valuation of 2.2 times estimated fiscal 2028 book value per share, while also pointing to the company's diversified lending franchise. The same report identified higher crude prices, elevated bond yields and uneven monsoon conditions as risks to rural cash flows and transporter incomes.

The earlier operating base was strong. TradingView reported on October 22, 2026, that first-quarter fiscal 2027 revenue rose 16 percent year over year to INR 13,400 crore, while profit after tax increased 60 percent to INR 3,453 crore. The report also cited management growth guidance of 18 percent and credit costs of 2 percent.

Three dated developments

The chronology is clear: on July 3, 2026, the NSE record showed a final dividend of INR 6.00 per share; on September 21, 2026, Shriram Finance launched a tender offer for notes under a USD 3.5 billion global medium-term note program; on October 23, 2026, the board was scheduled to consider second-quarter and half-year results for the period ended September 30, 2026, with first-quarter profit of INR 3,453 crore as the latest reported base.

When were results due?

The Economic Times reported that the company scheduled its results review for October 23, 2026, and planned a management conference call at 7:00 p.m. IST the same day. The board agenda also included consideration of an interim dividend and additional funding through debt securities.

Stock context on October 23

NSE India showed Shriram Finance at INR 876.55 at 12:04 p.m. IST on October 23, 2026, with a 52-week range of INR 695.25 to INR 1,153.70. The market capitalization was INR 2,062.6 billion, while the stock's one-year return was 23.52 percent on the exchange page.

That combination gives investors two reference points: the reported profit expansion and the valuation case built around the INR 1,220 target. The second-quarter release and management commentary were the next tests for whether growth and credit costs continued to support that framework.