Agencies has buy call on SRF with a target price of Rs 3000. The current market price of SRF is Rs 2415.8.
SRF, incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 71685.90 Crore) operating in Diversified sector.
SRF key Products/Revenue Segments include Chemicals (Industrial), Packaging Film, Textiles, Others for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3760.52 Crore, down -3.69 % from last quarter Total Income of Rs 3904.57 Crore and up 31.94 % from last year same quarter Total Income of Rs 2850.09 Crore. Company has reported net profit after tax of Rs 480.99 Crore in latest quarter.
The company’s top management includes Mr.Arun Bharat Ram, Ms.Bharti Gupta Ramola, Mr.Tejpreet S Chopra, Mr.Puneet Yadu Dalmia, Mr.Lakshman Lakshminarayan, Mr.Raj Kumar Jain, Mr.Yash Gupta, Mr.Pramod G Gujarathi, Mr.Kartik Bharat Ram, Mr.Ashish Bharat Ram, Mr.Vellayan Subbiah. Company has BSR & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 30 Crore shares outstanding.
Investment Rationale
The brokerage remains constructive on the company’s long-term plans and maintains buy with an unchanged Sep’23 target price of Rs 3,000 (SoTP based).
Promoter/FII Holdings
Promoters held 50.53 per cent stake in the company as of 30-Sep-2022, while FIIs owned 19.21 per cent, DIIs 13.95 per cent.
SRF, incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 71685.90 Crore) operating in Diversified sector.
SRF key Products/Revenue Segments include Chemicals (Industrial), Packaging Film, Textiles, Others for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3760.52 Crore, down -3.69 % from last quarter Total Income of Rs 3904.57 Crore and up 31.94 % from last year same quarter Total Income of Rs 2850.09 Crore. Company has reported net profit after tax of Rs 480.99 Crore in latest quarter.
The company’s top management includes Mr.Arun Bharat Ram, Ms.Bharti Gupta Ramola, Mr.Tejpreet S Chopra, Mr.Puneet Yadu Dalmia, Mr.Lakshman Lakshminarayan, Mr.Raj Kumar Jain, Mr.Yash Gupta, Mr.Pramod G Gujarathi, Mr.Kartik Bharat Ram, Mr.Ashish Bharat Ram, Mr.Vellayan Subbiah. Company has BSR & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 30 Crore shares outstanding.
Investment Rationale
The brokerage remains constructive on the company’s long-term plans and maintains buy with an unchanged Sep’23 target price of Rs 3,000 (SoTP based).
Promoter/FII Holdings
Promoters held 50.53 per cent stake in the company as of 30-Sep-2022, while FIIs owned 19.21 per cent, DIIs 13.95 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.