SRF Ltd. manufactures fluorochemicals, industrial yarn, betling and coated fabrics, engineering plastic, and more.Market Capitalisation
The market capitalisation of SRF Ltd. as on 10 August 2018 is around Rs.10,870 crore.
Company’s Wealth and Recent Performance
The key highlights of the company’s financial results for the Q1 ended 30 June 2018 are as follows:
- The consolidated gross sales recorded an increase of 35% and stood at Rs.1,718 crore as against Rs.1,273 crore in the corresponding period last year.
- The consolidated Profit after Tax (PAT) posted an increase of 29% to Rs.134 crore as against Rs.104 crore in the corresponding period last year.
- The company’s Technical Textiles Business revenue decreased by 1% and stood at Rs.501 crore. The operating profit of the Technical Textiles Business reported an increase of 22% and stood at Rs.72 crore, up from Rs.59 during the same period last year.
- The Chemicals Business revenue was at Rs.477 crore, up by 34%.
- The Packaging Films Business revenue reported an increase of 52% to Rs.632 crore. The operating profit of was up by 116% to Rs.97 crore.
- Other Businesses recorded a revenue of Rs.132 crore, up by 18%.
The key highlights of the company’s financial results for the full FY 2018-18 ended 31 March 2018 are as follows:
- The consolidated gross sales recorded an increase by 16%, at Rs.5,511 crore.
- EBIT (Earnings before Interest and Tax) saw a marginal increase of 1% at Rs.796 crore.
- The consolidated PAT stood at Rs.462 crore and reported a 10% decrease from the same period last year.
Stock Trends in 2018
- The opening price of the stock at the beginning of January 2018 was Rs.1,982 on NSE. The scrip increased by around 20 points by 15 January 2018 however, it fell sharply towards the end by around 195 points. The opening price of the stock by the end of the month was Rs.1790.
- In the month of February, the stock price picked up the pace owing to a strong Q3 profit. The highest price of the stock this month was Rs.1,937.
- The scrip changed by more than 120 points in March and by the end of the month had crossed the Rs.2,000 mark.
- The price of the stock escalated by around 400 points in the month of April and ended the month at Rs.2,371.
- The price fluctuations continued in the month of May as well. The scrip lost its ground and fell by 500 points by the end of the month and was at Rs.1,895.
- In June, the price of the stock continued to fall by around 280 points and ended the month at Rs.1651. The scrip fluctuated in July as well and by the end of month it was Rs.1,713.
Stock Trends in 2016 and 2017
- The opening price of the stock on 1 January 2016 was Rs.1,265 on NSE. It fell by around 120 points by the end of the month and was at Rs.1,144. The scrip continued to fall in the month of February however, it picked up pace in March and increased by 245 points by the end of the month. In April, the price of the stock was up by more than 100 points and ended the month at Rs.1,342.
- In the month of May the scrip was stable while it changed marginally in June. The opening price of the stock by the end of June was Rs.1,032. In August, the scrip increased by around 160 points and ended the month at Rs.1,429.
- The price of the stock in September increased by around 80 points however, it didn’t change much in the month of October. In November, the scrip fell by around 285 and ended the month at Rs.1,556. The price of the stock was stable in the month of December and changed marginally.
- The opening price of the stock at the beginning of January 2017 was Rs.1,150. It escalated by 554 points by the end of the month and stood at Rs.1,691. In February, the scrip fell around 165 points by the end of the month. The scrip increased marginally in the month of March. In April, the stock price increased by more than 200 points and reached the Rs.1,800 mark by the end of the month.
- The scrip tumbled down by the end of May and was at Rs.1,634 however, it changed marginally in June as well as July. In August, the scrip fell by around 80 points and ended the month at Rs.1,470.
- The price of the stock was stable in September but it picked up the pace in the month of October and increased by around 105 points and crossed the Rs.1,700 mark. In November, the scrip continued to increase by more than 150 points and ended the month at Rs.1,852. The price of the stock increased by more than 100 points in December and was at Rs.1,952 by the end of the month.
Should you invest in SRF Limited?
- SRF Ltd. showcased a strong performance in the FY 2017-18 as well as in the beginning of this year. The company has recorded a strong Q1 2019 as well.
- The share price of SRF Ltd. stock has been quite volatile and has seen quite a few fluctuations especially in 2018. Long-term investment in the SRF Ltd. stock could be beneficial however, t is strongly advised that you do strong research before investing your hard-earned money in the stock market as it is a risky and uncertain form of investment. You can instead look at mutual funds as an alternate option for investment.
SRF Limited is a chemical based company that was established in 1970. It has a diversified business
portfolio that covers Engineering Plastics, Technical Textiles, Fluorochemicals, Specialty Chemicals, and Packaging Films. The company has 12 manufacturing plants in India, 2 in Thailand and one in South Africa. The company exports to more than 75 countries.
Management of the Company
Mr. Arun Bharat Ram - Chairman
Mr. Arun Bharat Ram is the Chairman of SRF Limited. He started his career in 1967 with the Delhi Cloth & General Mills Co. Ltd. and set up SRF in 1970 as a manufacturer of nylon tyre cord. He has won several prestigious awards including Jamshedji Tata Award, which was conferred on him by the Indian Society for Quality (ISQ) for the year 2006 as well as the Officer's Cross of the Order of Merit, presented by the Federal Government of Germany in 2008.
Mr. Ashish Bharat Ram - Managing Director
Mr. Ashish Bharat Ram has been serving as the Managing Director of SRF Ltd. since January 2007. He has led the company expand its operations in India, Thailand and South Africa. Prior to joining SRF Ltd. in 1994, Ashish help top positions at DCM Toyota Ltd., SRF Finance Ltd. and SRF Overseas Ltd. handling a variety of functions that included Sales, Strategy, Marketing, TQM, among others. He holds a degree in Economics from Delhi University and an MBA from The Johnson Graduate School of Management, Cornell University.
Listings in NSE, BSE, and Indices
The stock of SRF Ltd. is available for trading on the two major stock exchanges of India - The National Stock Exchange Limited (NSE) and The Bombay Stock Exchange (BSE).
Sector: Infrastructure -Textiles
The company forms a part of important indices like:
- Nifty 200
- Nifty 500
- S&P BSE 200
- S&P BSE 500
- S&P BSE AllCap
- Nifty Full Midcap 100
- Nifty LargeMidcap 250
- Nifty Midcap 100
- Nifty Midcap 150
- Nifty Midcap 50
Block C, Sector 45,
Unit No. 236 & 237, 2nd Floor,
DLF Galleria, Mayur Place,
Noida Link Road, Mayur Vihar,
Phase I Extn, Delhi- 110 091
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