SRF shares down 0.58% as Nifty gains

NEW DELHI: Shares of SRF Ltd. traded 0.58 per cent down in Tuesday's trade at 01:22PM (IST). Around 5,467 shares changed hands on the counter.

The stock opened at Rs 2535.05 and touched an intraday high and low of Rs 2540.35 and Rs 2508.4, 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 74700.54 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3800.42 crore for the quarter ended 31-Mar-2023, up 9.22 per cent from previous quarter's Rs 3479.67 crore and up 6.85 per cent from the year-ago quarter's Rs 3556.65 crore.

The net profit for latest quarter stood at Rs 562.45 crore, down 7.13 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 8.41 per cent stake in the company, while foreign institutional investors held 18.52 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 34.55 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.