SRF shares up 0.92% as Nifty gains

NEW DELHI: Shares of SRF Ltd. traded 0.92 per cent up in Thursday's trade at 11:26AM (IST). Around 58,166 shares changed hands on the counter.

The counter opened at Rs 2327.95 and touched an intraday high and low of Rs 2341.2 and Rs 2308.0, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2544.0 and a 52-week low of Rs 1026.63.

As per BSE, the total market cap of the SRF Ltd. stood at Rs 13794.95 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2850.09 crore for the quarter ended 30-Sep-2021, up 5.05 per cent from previous quarter's Rs 2713.18 crore and up 35.04 per cent from the year-ago quarter's Rs 2110.58 crore.

The net profit for latest quarter stood at Rs 382.45 crore, up 21.34 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 10.23 per cent stake in the firm, while foreign institutional investors held 19.18 per cent and the promoters 50.77 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 9.3 and a price-to-book ratio of 4.75. 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.