{"id":343126,"date":"2026-11-10T12:16:04","date_gmt":"2026-11-10T06:46:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343126"},"modified":"2026-11-10T12:16:04","modified_gmt":"2026-11-10T06:46:04","slug":"shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/","title":{"rendered":"Shriram Finance Share Price: 35.4% CAGR in 3 Years as the Vehicle Lender Outpaces Chola and Bajaj Finance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Shriram_Finance_Share_Price_354_CAGR_in_3_Years_as_the_Vehicle_Lender_Outpaces_Chola_and_Bajaj_Finance\" title=\"Shriram Finance Share Price: 35.4% CAGR in 3 Years as the Vehicle Lender Outpaces Chola and Bajaj Finance\">Shriram Finance Share Price: 35.4% CAGR in 3 Years as the Vehicle Lender Outpaces Chola and Bajaj Finance<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#How_Much_Has_the_Shriram_Finance_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Shriram Finance Share Price Returned in 3 Years?\">How Much Has the Shriram Finance Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Shriram_Finance_vs_Cholamandalam_Investment_and_Finance_and_Bajaj_Finance_3-Year_CAGR_Compared\" title=\"Shriram Finance vs Cholamandalam Investment and Finance and Bajaj Finance: 3-Year CAGR Compared\">Shriram Finance vs Cholamandalam Investment and Finance and Bajaj Finance: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#What_Is_Driving_the_Shriram_Finance_Stock\" title=\"What Is Driving the Shriram Finance Stock?\">What Is Driving the Shriram Finance Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#How_to_Compare_NBFC_Stocks_Yourself\" title=\"How to Compare NBFC Stocks Yourself\">How to Compare NBFC Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#The_Group_Leader_on_Returns_With_a_Lower_Multiple\" title=\"The Group Leader on Returns, With a Lower Multiple\">The Group Leader on Returns, With a Lower Multiple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#What_is_the_Shriram_Finance_share_price_today\" title=\"What is the Shriram Finance share price today?\">What is the Shriram Finance share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#What_is_the_3-year_CAGR_of_the_Shriram_Finance_stock\" title=\"What is the 3-year CAGR of the Shriram Finance stock?\">What is the 3-year CAGR of the Shriram Finance stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Is_Shriram_Finance_better_than_Bajaj_Finance\" title=\"Is Shriram Finance better than Bajaj Finance?\">Is Shriram Finance better than Bajaj Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#What_does_Shriram_Finance_do\" title=\"What does Shriram Finance do?\">What does Shriram Finance do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Is_the_Shriram_Finance_stock_debt_free\" title=\"Is the Shriram Finance stock debt free?\">Is the Shriram Finance stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Is_Shriram_Finance_expensive_compared_with_the_industry\" title=\"Is Shriram Finance expensive compared with the industry?\">Is Shriram Finance expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#Which_NBFC_stock_gave_the_highest_return_in_3_years\" title=\"Which NBFC stock gave the highest return in 3 years?\">Which NBFC stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/shriram-finance-share-price-3-year-cagr-vs-nbfc-peers-chola-bajaj-finance\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Shriram_Finance_Share_Price_354_CAGR_in_3_Years_as_the_Vehicle_Lender_Outpaces_Chola_and_Bajaj_Finance\"><\/span><strong>Shriram Finance Share Price: 35.4% CAGR in 3 Years as the Vehicle Lender Outpaces Chola and Bajaj Finance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Shriram Finance previous close Rs 965. 3-year CAGR 35.4%. Up 2.5x since 9 Nov 2023. ROE 11.39%. Market cap Rs 2,26,955 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>Shriram Finance share price<\/strong> closed at Rs 965 on 9 November 2026, a compounded annual return of 35.4% over three years. That compares with Cholamandalam Investment and Finance at 15.8% and Bajaj Finance at 13.0%. The company has a market cap of Rs 2,26,955 crore and a P\/E of 17.89 against an industry P\/E of 17.80.<\/p>\n<\/p><\/div>\n<p>The <strong>Shriram Finance share price<\/strong> has multiplied investor money about two and a half times in three years, a result that stands out even among India&#8217;s fast-growing lenders. Shriram Finance, one of India&#8217;s leading financiers of commercial vehicles, was formed through the merger of Shriram Transport Finance and Shriram City Union Finance.<\/p>\n<p>This article compares that run with Cholamandalam Investment and Finance and Bajaj Finance. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=shriram-finance-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Shriram_Finance_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Shriram Finance Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Shriram Finance stock closed at Rs 388.68 on 9 November 2023 and at Rs 965.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.48 lakh, which is a CAGR of 35.4%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Shriram Finance can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Shriram Finance share price<\/strong> has also moved with the revival in commercial vehicle demand and the steady growth in retail credit, which together widened the loan books of vehicle financiers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shriram_Finance_vs_Cholamandalam_Investment_and_Finance_and_Bajaj_Finance_3-Year_CAGR_Compared\"><\/span><strong>Shriram Finance vs Cholamandalam Investment and Finance and Bajaj Finance: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 9 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (9 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Shriram Finance<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 388.68<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 965.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.5x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Cholamandalam Investment and Finance<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,152.05<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,790.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.6x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">15.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bajaj Finance<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 738.67<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,064.85<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.4x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">13.0%<\/td>\n<\/tr>\n<\/table>\n<p>The Shriram Finance stock leads the group at 35.4%, followed by Cholamandalam Investment and Finance at 15.8% and Bajaj Finance at 13.0%. Shriram Finance leads the group, followed by Cholamandalam and then Bajaj Finance. Bajaj Finance is the largest of the three by market cap, so its yearly return came on a much bigger base of capital.<\/p>\n<p>Look at the <strong>Shriram Finance share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/bajfinance\/bajaj-finance-ltd-share-price-today\">Bajaj Finance<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 6,63,064 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">30.05<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.61%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">4.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/shriramfin\/shriram-finance-ltd-share-price-today\">Shriram Finance<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,26,955 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.89<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">11.39%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.12<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/cholafin\/cholamandalam-investment-and-finance-company-ltd-share-price-today\">Cholamandalam Investment and Finance<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,53,087 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.60<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">18.02%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">6.72<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Bajaj Finance is the largest of the group at Rs 6,63,064 crore, while the Shriram Finance stock stands at Rs 2,26,955 crore, about 34% of that size. On earnings, Shriram Finance shares trade at a P\/E of 17.89 against an industry P\/E of 17.80, a premium of about 1%, which signals that the market expects faster earnings growth. Peer multiples are Cholamandalam Investment and Finance at 24.60 and Bajaj Finance at 30.05.<\/p>\n<p>Return on equity is 11.39% for the Shriram Finance stock, which ranks third among the three, and debt to equity stands at 2.12. Trailing EPS is Rs 53.92. Lenders carry high debt by design, so the debt to equity figure should be read alongside return on equity and the P\/E rather than on its own.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Shriram_Finance_Stock\"><\/span><strong>What Is Driving the Shriram Finance Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shriram Finance lends mainly against used and new commercial vehicles, and it also offers loans to small businesses, two-wheeler buyers and others. Its deep reach among small truck operators is a long standing strength.<\/p>\n<p>The company funds itself through bonds, bank loans, deposits and securitisation. Because it borrows to lend, the cost of funds and the quality of its loan book are the two numbers that matter most to earnings.<\/p>\n<p>Followers of the <strong>Shriram Finance share price<\/strong> usually track loan growth, net interest margin, asset quality and the cost of borrowing, because these decide how much profit each rupee of lending earns.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cholamandalam Investment and Finance is a Chennai-based lender from the Murugappa Group with a large vehicle finance business and growing home loan and loan against property books. It compounded at 15.8% a year, on a market cap of Rs 1,53,087 crore and an ROE of 18.02%.<\/p>\n<p>Bajaj Finance is a Pune-based lender focused on consumer durable loans, personal loans, small business loans and mortgages, and it is among India&#8217;s largest NBFCs. It compounded at 13.0% a year, on a market cap of Rs 6,63,064 crore and an ROE of 17.61%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Shriram Finance share price<\/strong>. First, the pace of loan growth in commercial vehicles. Second, the movement in the cost of funds. Third, gross and net non-performing asset trends.<\/p>\n<p>At a P\/E of 18, the valuation is the lowest of the three, but its ROE of 11.39% is also the lowest. Compare both numbers before drawing a conclusion.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of NBFC stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_NBFC_Stocks_Yourself\"><\/span><strong>How to Compare NBFC Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Shriram Finance stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Shriram Finance share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Shriram Finance share price<\/strong> and compare NBFC stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Group_Leader_on_Returns_With_a_Lower_Multiple\"><\/span><strong>The Group Leader on Returns, With a Lower Multiple<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Shriram Finance share price<\/strong> compounded at 35.4% a year over three years, ahead of Cholamandalam at 15.8% and Bajaj Finance at 13.0%. It also trades at the lowest P\/E of the three, at 17.89.<\/p>\n<p>Cholamandalam brings a stronger ROE and a diverse loan mix, while Bajaj Finance brings scale and consumer reach. The choice depends on which part of retail lending you want to follow.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Shriram_Finance_share_price_today\"><\/span><strong>What is the Shriram Finance share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shriram Finance closed at Rs 965 on 9 November 2026, according to NSE data. It has a market cap of Rs 2,26,955 crore and a P\/E of 17.89. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Shriram_Finance_stock\"><\/span><strong>What is the 3-year CAGR of the Shriram Finance stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shriram Finance delivered a price CAGR of 35.4% over three years, moving from Rs 388.68 on 9 November 2023 to Rs 965.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Shriram_Finance_better_than_Bajaj_Finance\"><\/span><strong>Is Shriram Finance better than Bajaj Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shriram Finance delivered a three-year CAGR of 35.4% against 13.0% for Bajaj Finance. Bajaj Finance is far larger at Rs 6,63,064 crore and has a higher ROE at 17.61% against 11.39%, while Shriram trades at a lower P\/E of 17.89 against 30.05. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Shriram_Finance_do\"><\/span><strong>What does Shriram Finance do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shriram Finance is a large non-banking finance company that mainly finances commercial vehicles and also lends to small businesses and individuals across India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Shriram_Finance_stock_debt_free\"><\/span><strong>Is the Shriram Finance stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Shriram Finance stock is 2.12 and its return on equity is 11.39%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Shriram_Finance_expensive_compared_with_the_industry\"><\/span><strong>Is Shriram Finance expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shriram Finance trades at a P\/E of 17.89 against an industry P\/E of 17.80. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_NBFC_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which NBFC stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Shriram Finance delivered the highest three-year CAGR at 35.4%, followed by Cholamandalam Investment and Finance at 15.8%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Shriram Finance share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shriram Finance closed at Rs 965 on 9 November 2026, according to NSE data. It has a market cap of Rs 2,26,955 crore and a P\/E of 17.89. Check live quotes before acting, as prices change every trading day.\"}},{\"@type\":\"Question\",\"name\":\"What is the 3-year CAGR of the Shriram Finance stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shriram Finance delivered a price CAGR of 35.4% over three years, moving from Rs 388.68 on 9 November 2023 to Rs 965.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Is Shriram Finance better than Bajaj Finance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shriram Finance delivered a three-year CAGR of 35.4% against 13.0% for Bajaj Finance. Bajaj Finance is far larger at Rs 6,63,064 crore and has a higher ROE at 17.61% against 11.39%, while Shriram trades at a lower P\/E of 17.89 against 30.05. The better choice depends on your view of each business.\"}},{\"@type\":\"Question\",\"name\":\"What does Shriram Finance do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shriram Finance is a large non-banking finance company that mainly finances commercial vehicles and also lends to small businesses and individuals across India.\"}},{\"@type\":\"Question\",\"name\":\"Is the Shriram Finance stock debt free?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The debt to equity ratio of the Shriram Finance stock is 2.12 and its return on equity is 11.39%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.\"}},{\"@type\":\"Question\",\"name\":\"Is Shriram Finance expensive compared with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shriram Finance trades at a P\/E of 17.89 against an industry P\/E of 17.80. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.\"}},{\"@type\":\"Question\",\"name\":\"Which NBFC stock gave the highest return in 3 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Among the companies compared here, Shriram Finance delivered the highest three-year CAGR at 35.4%, followed by Cholamandalam Investment and Finance at 15.8%. Past returns do not guarantee future performance.\"}},{\"@type\":\"Question\",\"name\":\"How do I calculate CAGR for a stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shriram Finance share price compounded at 35.4% a year over 3 years. See how it compares with Cholamandalam Investment and Bajaj Finance on returns and ROE.<\/p>\n","protected":false},"author":38,"featured_media":343125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21795,1099,21794,21793],"class_list":["post-343126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-nbfc-stocks-3-year-return","tag-shriram-finance-share-price","tag-shriram-finance-stock","tag-shriram-finance-vs-bajaj-finance"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343125"],"rank_math_title":["Shriram Finance Share Price: 35.4% CAGR vs Chola"],"rank_math_description":["Shriram Finance share price compounded at 35.4% a year over 3 years. See how it compares with Cholamandalam Investment and Bajaj Finance on returns and ROE."],"rank_math_focus_keyword":["Shriram Finance share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/shriram-finance-share-price-35-4-cagr-in-3-years-as-the-vehicle-lender-outpaces.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=343126"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343126\/revisions"}],"predecessor-version":[{"id":343127,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343126\/revisions\/343127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/343125"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=343126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=343126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=343126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}