- SRF’s net income for 1Q 2024 is 2.52 billion rupees, down 30% year-over-year (y/y). The estimate was 3.06 billion rupees.
- The revenue for 1Q 2024 stands at 34.6 billion rupees, showing a 3.6% increase y/y. The estimate was 33.43 billion rupees.
- Technical Textiles revenue reached 5.25 billion rupees, up 13% y/y, exceeding the estimate of 4.83 billion rupees.
- Chemicals revenue decreased by 11% y/y to 14.8 billion rupees, falling short of the 17.26 billion rupees estimate.
- Packaging Films revenue rose to 13.4 billion rupees, up 23% y/y, surpassing the estimated 11.87 billion rupees.
- The “Others” category revenue is 1.26 billion rupees, an increase of 5.9% y/y, slightly above the 1.22 billion rupees estimate.
- Total costs increased by 10% y/y, amounting to 31.5 billion rupees.
- Other income for the quarter is 252.6 million rupees, compared to 117.6 million rupees y/y.
- Analysts’ ratings: 18 buys, 8 holds, and 7 sells.
A look at SRF Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SRF Ltd, a multi-business Indian multinational specializing in the production of chemical-based industrial intermediates, has received a mixed outlook based on the Smartkarma Smart Scores. With an overall score indicating moderate performance across key factors, including Value, Dividend, Growth, Resilience, and Momentum, the company presents a balanced profile to investors. While SRF Ltd showcases stability and consistency in areas like Value and Dividend, its Growth and Momentum scores suggest room for potential improvement in driving future performance. As the company navigates the complex landscape of technical textiles, chemicals, packaging films, and engineering plastics, investors may find value in monitoring how SRF Ltd strategically leverages its strengths to capitalize on emerging opportunities while addressing any underlying challenges.
In summary, SRF Limited emerges as a diversified player in the Indian market, with a core focus on chemical-based industrial intermediates. The company’s Smartkarma Smart Scores reveal a steady performance across key metrics, indicating a sturdy foundation in Value, Dividend, Growth, Resilience, and Momentum. As SRF Ltd continues its operations in various sectors such as technical textiles, chemicals, packaging films, and engineering plastics, investors may anticipate a cautious yet steady trajectory in the company’s long-term outlook, with opportunities for growth and enhancement in key areas based on evolving market dynamics.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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