Shalibhadra Finance Share Price

Shalibhadra Finance Limited was incorporated on January 16, 1992. The Company is incorporated with an object to carry on the business of Financing. The Company is an asset finance company focusing on rural, semiurban other under banked geographies of Gujarat, Maharashtra Madhya Pradesh. With a network of 53 branches, it offer wide range of customized retail products such as financing two wheelers, auto rickshaw, cars consumer durables. It has conceptualized simple speedy, small cap, asset financing products with high yields.During FY 1819, company expanded its network into the state of Madhya Pradesh. Number of branches increased from 32 to 36.During FY 201920, Company expanded its network in Madhya Pradesh. Number of branches increased from 36 to 40.Company has started financing white goods in rural areas. Due to heavy competition from large NBFCs, Company will not be able to grow this business. It also started financing old 3/4 wheelers in FY24. The Company has got rating renewal of BBB (Stable) from ICRA. This will help in raising funds at cheaper rate. Company also recently implemented new software which has improved efficiency. Company expanded in the state of Rajasthan in FY25. Company is trying to increase geographical presence. It is planning to open new branches in Maharashtra further expand in Madhya Pradesh.