The share price of SRF Ltd. gained 1.01 per cent to Rs 2259.6 in Tuesday’s trade. The stock has hit a high of Rs 2272.85 and low of Rs 2234.05 so far during the session. The stock had closed at Rs 2236.85 in the previous session. It traded at a price-to-earnings multiple of 35.01 and a price-to-book ratio of 6.93.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 10.03 per cent during the past one year, while the 30-share index advanced 11.01 per cent during the same period.
SRF Ltd. belongs to the Diversified industry.
Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 20.03 per cent and 7.29 per cent, respectively.
The company reported consolidated sales of Rs 3350.14 crore for the quarter ended 30-Jun-2023, down 11.85 per cent from the previous quarter’s Rs 3800.42 crore and down 14.2 per cent from the year-ago quarter’s Rs 3904.57 crore.
Profit for the latest quarter stood at Rs 359.29 crore, down 40.91 per cent from the same quarter a year ago.
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