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Sell SRF, price target Rs 4,000: Kunal Bothra

The analyst suggested a stoploss at Rs 4180.

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Last Updated: Feb 24, 2020, 01.21 PM IST
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SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 23955.00 Crore) operating in Diversified sector.
Kunal Bothra has a sell call on SRF Ltd. with a target price of Rs 4000.0 . The current price of SRF Ltd. is Rs 4112.0 . Kunal Bothra recommended to keep a stoploss at Rs 4180 .

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 23955.00 Crore) operating in Diversified sector.

SRF Ltd. key Products/Revenue Segments include Packaging Film which contributed Rs 1683.83 Crore to Sales Value (26.06 % of Total Sales), Nylon Tyre Cord Fabric Indus. Yarn Fabric which contributed Rs 1500.22 Crore to Sales Value (23.22 % of Total Sales), Speciality Chemicals which contributed Rs 1039.13 Crore to Sales Value (16.08 % of Total Sales), Fluorochemicals which contributed Rs 991.48 Crore to Sales Value (15.34 % of Total Sales), Laminated Fabric which contributed Rs 265.55 Crore to Sales Value (4.11 % of Total Sales), Nylon Compounding Chips which contributed Rs 252.62 Crore to Sales Value (3.91 % of Total Sales), Synthetic Filament Yarn & Industrial Yarn/Tyre Cord which contributed Rs 216.14 Crore to Sales Value (3.34 % of Total Sales), Export Incentives which contributed Rs 112.70 Crore to Sales Value (1.74 % of Total Sales), Scrap which contributed Rs 34.78 Crore to Sales Value (0.53 % of Total Sales), Waste (Others) which contributed Rs 13.54 Crore to Sales Value (0.20 % of Total Sales), Other Operating Revenue which contributed Rs 1.55 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1807.45 Crore, up 6.19 % from last quarter Sales of Rs 1702.17 Crore and down -5.23 % from last year same quarter Sales of Rs 1907.21 Crore Company has reported net profit after tax of Rs 342.99 Crore in latest quarter.

As on 31-12-2019, the company has a total of 57,480,500 shares outstanding.

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