The scrip opened at Rs 2301.1 and touched an intraday high and low of Rs 2345.9 and Rs 2270.0, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2050.0.
As per BSE, the total market cap of the SRF Ltd. stood at Rs 67937.61 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 3593.13 crore for the quarter ended 31-Mar-2024, up 16.97 per cent from previous quarter’s Rs 3071.79 crore and up 5.45 per cent from the year-ago quarter’s Rs 3800.42 crore.
The net profit for latest quarter stood at Rs 422.21 crore, down 24.93 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 8.38 per cent stake in the company, while foreign institutional investors held 19.08 per cent and the promoters 50.3 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 52.88 and a price-to-book ratio of 6.63. 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.
