SRF shares up 0.4% as Nifty drops
SRF Ltd. traded 0.4 per cent up in Wednesday's trade at 11:31AM (IST). Around 6,372 shares changed hands on the counter.
The counter opened at Rs 2245.25 and touched an intraday high and low of Rs 2254.6 and Rs 2229.0, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2639.8 and a 52-week low of Rs 2050.0.
As per BSE, the total market cap of the SRF Ltd. stood at Rs 66741.53 crore at the time of writing this report.
Key Financials The company reported consolidated 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 corresponding quarter last year.
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 34.88 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.
