SRF shares down 0.04% as Nifty gains
SRF Ltd. traded 0.04 per cent down in Monday's trade at 12:08PM (IST). Around 8,791 shares changed hands on the counter.
The scrip opened at Rs 2189.5 and touched an intraday high and low of Rs 2189.5 and Rs 2163.65, respectively, in the session so far. The stock of SRF Ltd. quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 2082.15.
As per BSE, the total market cap of the SRF Ltd. stood at Rs 64384.95 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 3350.14 crore for the quarter ended 30-Jun-2023, down 11.85 per cent from previous quarter's Rs 3800.42 crore and down 14.2 per cent from the year-ago quarter's Rs 3904.57 crore. The net profit for latest quarter stood at Rs 359.29 crore, down 40.91 per cent from the same quarter a year ago.Shareholding pattern As of 30-Jun-2023, DIIs held 7.29 per cent stake in the company, while foreign institutional investors held 20.03 per cent and the promoters 50.53 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 33.65 and a price-to-book ratio of 6.93.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. SRF Ltd.
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