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    SRF: Preparing chemicals business for future opportunity

    What makes us upbeat about SRF is the strong management commentary and a revenue guidance of over 20 per cent growth in speciality chemicals

    Anubhav Sahu
    August 21, 2020 / 01:29 PM IST
    SRF: Preparing chemicals business for future opportunity

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    The operating performance of SRF (CMP: Rs 4,269, Market Cap: Rs 24,644 crore) during the first quarter of the current financial year was mixed — a subdued growth in top line was partially offset by a strong in improvement in margins. Nevertheless, what makes us upbeat about SRF is the strong management commentary and a revenue guidance of over 20 per cent growth in speciality chemicals. Along with this, the company continues to invest in capacities for long-term opportunities. SRF...

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