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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.

June 10, 2021 / 10:58 AM IST
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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.


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 here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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

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