Stock Name : SRF Limited/Tips Open Buy : 5,522 Posted Date : Dec 18, 2020
Stopless/Horizon : 5245 Target : 6350 Results Achieved (Yes/No) :

Overview: SRF Ltd limited is a Large Cap company with a market capital of Rs 30653.78 Crore and has a turnover of 7541 crores.

About the company:The company was established in 1970, as Shri Ram Fibres Limited. SRF ltd.’s initial focus was on the manufacture of nylon cord fibres for tires. They started operations with a nylon tyre cord plant in Manali, Tamil Nadu. In 1990, the company changed its name to SRF Limited.

Over the years, SRF diversified its product offerings into technical textiles, engineering plastics, chemicals and packaging films. The company is the market leader in most of its business segments.

SRF is currently present in the CB, PFB and TTB business verticals.In the CB segment, SRF manufactures fluoro-chemicals, fluoro-speciality chemicals, and chloromethane. Under the TTB segment, SRF manufactures nylon tyre cord fabrics, belting fabrics, and industrial yarn.

SRF has 11 manufacturing units in India, 1 in Thailand & 1 in South Africa. The company exports to more than 75 countries and has 7000 strong workforces. The company has filed more than 170 process patents.

SRF Key Products include Packaging Film which contributed Rs 1671.53 Crore (26.40 % of Total Sales)for the year ending 31-Mar-2020.Speciality Chemicals contributed Rs 1623.83 Crore (25.64 % of Total Sales); Nylon Tyre Cord Fabric / Yarn Fabric contributed Rs 1178.73 Crore to Sales Value (18.61 % of Total Sales) for the same period.

Management: Mr Arun Bharat Ram is the Chairman and Mr Ashish Bharat Ram is the Managing Director of the company.

Shareholding Pattern (2020):
• Promoter: 52.3%
• MF: 11.1%
• FII: 17.1%
• Other Institutions: 0.3%
• Public: 19.2%

Dividend: SRF declared an equity dividend of 140.00% amounting to Rs 14 per share for the year ended on March 2020.

Sales Report: SRF reported a Consolidated sale of Rs 2062.98 Crore, which is up 36.34 % from last quarter sales of Rs 1513.12 Crore and up 21.20 % from previous year’s corresponding period sales of Rs 1702.17 Crore for the latest quarter(September 2020). The net profit after tax is Rs 315.20 Crore for the same quarter.

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