SRF shares down 0.98% as Nifty drops

NEW DELHI: Shares of SRF Ltd. traded 0.98 per cent down in Tuesday's trade at 12:58PM (IST). Around 9,339 shares changed hands on the counter.

The stock opened at Rs 2324.95 and touched an intraday high and low of Rs 2324.95 and Rs 2280.95, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2864.35 and a 52-week low of Rs 2002.5.

Total market cap of the SRF Ltd. stood at Rs 68312.58 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3760.52 crore for the quarter ended 30-Sep-2022, down 3.69 per cent from previous quarter's Rs 3904.57 crore and down 31.94 per cent from the year-ago quarter's Rs 2850.09 crore.

The net profit for latest quarter stood at Rs 480.99 crore, up 25.77 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2022, DIIs held 9.21 per cent stake in the company, while foreign institutional investors held 19.21 per cent and the promoters 50.53 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 31.05 and a price-to-book ratio of 9.3. 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. belongs to the Diversified industry.