SRF shares down 0.28% as Nifty gains
SRF Ltd. traded 0.28 per cent down in Friday's trade at 11:42AM (IST). Around 13,881 shares changed hands on the counter.
The scrip opened at Rs 2447.6 and touched an intraday high and low of Rs 2456.95 and Rs 2427.65, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2636.65 and a 52-week low of Rs 2050.0.
Total market cap of the SRF Ltd. stood at Rs 72341.0 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 3206.48 crore for the quarter ended 30-Sep-2023, down 4.29 per cent from previous quarter's Rs 3350.14 crore and down 14.73 per cent from the year-ago quarter's Rs 3760.52 crore.
The net profit for latest quarter stood at Rs 300.78 crore, down 37.47 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 7.39 per cent stake in the company, while foreign institutional investors held 19.8 per cent and the promoters 50.53 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 41.73 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.
