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    HomeNewsBusinessStocksAccumulate SRF; target of Rs 7179: Dolat Capital Market

    Accumulate SRF; target of Rs 7179: Dolat Capital Market

    Dolat Capital Market recommended accumulate rating on SRF with a target price of Rs 7179 in its research report dated May 06, 2021.

    Broker Research
    June 10, 2021 / 10:58 IST
       
       
      26 Aug, 2025 12:21
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      Dolat Capital Market's research report on SRF

      SRF reported a healthy set of 4QFY21 financials, Sales/EBITDA/PAT grew by 40.4/63.3/96.5% YoY to Rs 26/6.3/3.8bn respectively. Strong operative leverage helped EBITDA margin increase of 340 bps YoY to 24.3%, gross margins however seem to have declined by 60 bps YoY to 50.0%. PAT growth of 96.5% was fuelled by strong operating performance and lower interest costs of Rs 262mn, down by 44% YoY.

      Outlook

      We value SRF Ltd on SOTP basis, using EV/EBITDA based methodology and arrive at a target price of Rs 7,179/share.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: May 25, 2021 02:24 pm

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