Established in 1970, SRF Ltd is engaged in the manufacturing of industrial and specialty intermediates. SRF’s diversified business portfolio consists of Technical Textiles, Fluorochemicals, Specialty Chemicals, Packaging Films and Engineering Plastics.
Valuation: SRF’s dominant position in the domestic refrigerant gas space, capacity expansion drive and robust growth outlook in the speciality chemicals business will drive 29% earnings CAGR over FY18-20E. Hence, we upgrade the stock to ‘BUY’ from ‘HOLD’ earlier with a revised TP of Rs. 2,128 based on 18x FY20E EPS.
Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. Click here to read our full disclaimer.
- Discontinuation of the Systematic Investment Plan (SIP) of the Designated Schemes of MOMF
- Change in Maximum Subscription Amount of Aditya Birla Sun Life Medium Term Plan
Wealth Conversations – December 2024
Are Arbitrage Funds right for you?- Introduction Of Daily, Weekly Frequency In Sip And Changes In Default Sip Date And Minimum Investment Amount For The Groww Mutual Funds
