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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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