Buy SRF, target price Rs 3040: ICICI Securities

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 71586.60 Crore) operating in Diversified sector.

By ETMarkets.com | Updated: Dec 01, 2023, 11.00 AM IST

Promoters held 50.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 19.8 per cent, DIIs 13.97 per cent.

ICICI Securities has buy call on SRF with a target price of Rs 3040. The current market price of SRF Ltd. is Rs 2422.
SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 71586.60 Crore) operating in Diversified sector.

SRF Ltd. 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 30-09-2023, the company reported a Consolidated Total Income of Rs 3206.48 Crore, down -4.29 % from last quarter Total Income of Rs 3350.14 Crore and down -14.73 % from last year same quarter Total Income of Rs 3760.52 Crore. Company reported net profit after tax of Rs 300.78 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 19.8 per cent, DIIs 13.97 per cent.

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