Buy SRF., target price Rs 2,660: JM Financial

JM Financial has a buy call on SRF with a target price of Rs 2660. The current market price of SRF is Rs 2282.05 . SRF., incorporated in 1970, is a Large Cap company with a market cap of Rs 67427.75 crore, operating in Diversified sector.

SRF's key Products/Revenue Segments include Chemicals (Industrial), Other Operating Revenue, Traded Goods, Export Incentives for the year ending 31-Mar-2023.

Financials

For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 3457.63 crore, down -.91 % from last quarter Total Income of Rs 3489.38 crore and up 7.83 % from last year same quarter Total Income of Rs 3206.48 crore. The company has reported net profit after tax of Rs 201.42 crore in the latest quarter.

Promoter/FII Holdings
Promoters held 50.26 per cent stake in the company as of 30-Sep-2024, while FIIs owned 18.3 per cent, DIIs 17.76 per cent.