SRF Ltd
SRFSRF Ltd
SRF![](https://assets.tickertape.in/sector-icons/materials.png)
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Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
57.90 | 6.20 | 0.30% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.53 | 3.76 | 1.24% |
Forecast & Ratings
Detailed Forecast from 24 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
SRF Limited is a holding company engaged in manufacturing of chemicals and polymers, technical textiles and packaging films.
Peers
Compare with peersPidilite Industries Ltd
PI Industries Ltd
Godrej Industries Ltd
BASF India Ltd
Tata Chemicals Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 4,620.56 | 4,894.81 | 5,704.16 | 7,177.61 | 7,361.65 | 8,466.39 | 12,549.17 | 14,945.18 | 13,221.54 | 13,360.78 | ||||||||||
Raw Materials | 2,309.61 | 2,440.24 | 3,063.10 | 4,041.16 | 3,778.79 | 4,090.60 | 6,346.69 | 7,402.43 | 6,814.16 | 10,772.98 | ||||||||||
Power & Fuel Cost | 398.07 | 417.80 | 500.79 | 585.09 | 672.55 | 717.34 | 1,135.56 | 1,472.25 | 1,344.81 | |||||||||||
Employee Cost | 386.33 | 433.80 | 474.04 | 460.79 | 541.92 | 621.40 | 780.00 | 813.80 | 935.03 | |||||||||||
Selling & Administrative Expenses | 220.49 | 272.94 | 335.49 | 374.30 | 390.24 | 438.36 | 738.23 | 836.10 | 692.20 | |||||||||||
Operating & Other expenses | 315.70 | 287.63 | 309.38 | 341.25 | 370.97 | 399.32 | 329.98 | 816.47 | 768.21 | |||||||||||
EBITDA | 990.36 | 1,042.40 | 1,021.36 | 1,375.02 | 1,607.18 | 2,199.37 | 3,218.71 | 3,604.13 | 2,667.13 | 2,587.80 | ||||||||||
Depreciation/Amortization | 274.96 | 283.44 | 315.80 | 358.17 | 388.61 | 453.08 | 517.23 | 575.32 | 672.62 | 704.17 | ||||||||||
PBIT | 715.40 | 758.96 | 705.56 | 1,016.85 | 1,218.57 | 1,746.29 | 2,701.48 | 3,028.81 | 1,994.51 | 1,883.63 | ||||||||||
Interest & Other Items | 130.46 | 101.77 | 123.89 | 198.37 | 200.68 | 133.95 | 115.93 | 204.82 | 302.29 | 333.20 | ||||||||||
PBT | 584.94 | 657.19 | 581.67 | 818.48 | 1,017.89 | 1,612.34 | 2,585.55 | 2,823.99 | 1,692.22 | 1,550.43 | ||||||||||
Taxes & Other Items | 155.05 | 142.20 | 119.96 | 176.85 | -1.20 | 414.40 | 696.63 | 661.65 | 356.51 | 321.79 | ||||||||||
Net Income | 429.89 | 514.99 | 461.71 | 641.63 | 1,019.09 | 1,197.94 | 1,888.92 | 2,162.34 | 1,335.71 | 1,228.64 | ||||||||||
EPS | 14.71 | 17.62 | 15.80 | 21.95 | 34.84 | 40.35 | 63.09 | 72.70 | 44.91 | 41.31 | ||||||||||
DPS | 2.00 | 2.40 | 2.40 | 2.40 | 2.80 | 4.80 | 16.75 | 7.20 | 7.20 | 7.20 | ||||||||||
Payout ratio | 0.14 | 0.14 | 0.15 | 0.11 | 0.08 | 0.12 | 0.27 | 0.10 | 0.16 | 0.17 |
Company Updates
Annual report
PDFPeers & Comparison
MaterialsDiversified Chemicals
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
SRF Ltd | 53.26 | 6.20 | 0.30% |
Pidilite Industries Ltd | 91.45 | 18.35 | 0.51% |
PI Industries Ltd | 36.16 | 8.45 | 0.37% |
Godrej Industries Ltd | 498.52 | 1.98 | — |
Price Comparison
Compare SRF with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding SRF Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1574% | Percentage of the fund’s portfolio invested in the stock 3.00% | Change in the portfolio weight of the stock over the last 3 months -0.98% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/61 (-4) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5594% | Percentage of the fund’s portfolio invested in the stock 0.88% | Change in the portfolio weight of the stock over the last 3 months -0.26% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 28/80 (-4) |
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5380% | Percentage of the fund’s portfolio invested in the stock 1.01% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/108 (+2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
SRF has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.30%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.01 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
Cash Dividend
Ex DateEx DateJul 31, 2024
Dividend/Share
₹3.60
Ex DateEx Date
Jul 31, 2024
Past Dividends
Cash Dividend
Ex DateEx DateFeb 7, 2024
Dividend/Share
₹3.60
Ex DateEx Date
Feb 7, 2024
Cash Dividend
Ex DateEx DateAug 1, 2023
Dividend/Share
₹3.60
Ex DateEx Date
Aug 1, 2023
Cash Dividend
Ex DateEx DateFeb 7, 2023
Dividend/Share
₹3.60
Ex DateEx Date
Feb 7, 2023
Cash Dividend
Ex DateEx DateJul 28, 2022
Dividend/Share
₹3.60
Ex DateEx Date
Jul 28, 2022
Cash Dividend
Ex DateEx DateFeb 3, 2022
Dividend/Share
₹4.75
Ex DateEx Date
Feb 3, 2022
SRF shares gain 1.93% as Sensex rises
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SRF stock price up 0.89 per cent as Sensex slides
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SRF shares down 0.01% as Nifty drops
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SRF announced that the Board of Directors of the Company at its meeting held on 23 July 2024, inter alia, have recommended the first interim dividend of Rs 3.6 per equity Share (i.e. 36%) , subject to the approval of the shareholders.Powered by Capital Market - Live
SRF consolidated net profit declines 29.80% in the June 2024 quarter
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SRF Q1 PAT slides 30% YoY to Rs 252 cr
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Net profit of SRF declined 29.80% to Rs 252.22 crore in the quarter ended June 2024 as against Rs 359.29 crore during the previous quarter ended June 2023. Sales rose 3.44% to Rs 3402.23 crore in the quarter ended June 2024 as against Rs 3288.97 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3402.233288.97 3 OPM %17.7421.17 - PBDT532.14642.38 -17 PBT343.98485.77 -29 NP252.22359.29 -30 Powered by Capital Market - Live
SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand
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However, total revenue from operations increased 3.76% year on year (YoY) to Rs 3,464.12 crore in Q1 FY25. Profit before tax in Q4 FY24 was at Rs 343.98 crore, down 29.18% from Rs 485.77 crore recorded in the same period a year ago. Earnings before interest and tax (EBIT) dropped 19% to Rs 484 crore in Q1 FY25 as against Rs 595 crore posted in corresponding period last year (CPLY). The chemicals business reported a decline of 11% YoY in its segment revenue from Rs 1,661 crore to Rs 1,482 crore during Q1 FY25. The operating profit of the chemicals business decreased 33% YoY from Rs 460 crore to Rs 306 crore in Q1 FY25. The specialty chemicals business faced headwinds in the quarter as the agrochemicals segment was sluggish due to inventory rationalization by certain key customers. The performance of the fluorochemicals business was affected due to low margin in the chloromethanes segment. However, the domestic refrigerant gases business improved during the quarter, which boosted the overall results, said the company. Revenue from packaging films business increased 22% to Rs 1,336 crore in Q1 FY25 as compared to Rs 1,095 crore recorded in Q1 FY24. The operating profit of the packaging films business grew 69% YoY to Rs 87 crore in Q1 FY25. The business performed better when compared with CPLY. The BOPP films segment performed in line with expectations. However, the BOPET films segment continued to witness an oversupplied market. The business also had tough competition from the Chinese players in the Southeast Asian markets The technical textiles business reported an increase of 13% YoY in its segment revenue to Rs 525 crore in Q1 FY25. The operating profit of the technical textiles business increased 12% from Rs 61 crore to Rs 68 crore in Q1 FY25 over CPLY. The Technical Textiles Business had a good performance, achieving the highest sales ever of Tyre Cord Dipped Fabrics. Income from other businesses grew by 6% YoY to Rs 126 crore in in the June quarter. The operating profit of the other businesses increased 2% YoY to Rs 24 crore in Q1 FY25. Both the coated and laminated fabrics business performed well in a difficult market, it added. As of 30 June 2024, the company has applied for a total of four hundred and fifty-one patents. Till date, the company has been granted one hundred and fifty-one patents globally. Ashish Bharat Ram, chairman and managing director of SRF, said, 'While this has been a weak quarter, it is on expected lines. We remain confident of a revival in the second half of this year.' Meanwhile, The company's board has approved an interim dividend of Rs 3.60 per share for the financial year 2024-25, with the record date being Wednesday, 31 July 2024. The date of payment of interim dividend will be on or before Wednesday, 21 August, 2024. SRF is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company's diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. The scrip shed 0.51% to Rs 2,355.85 on the BSE. Powered by Capital Market - Live
SRF shares decline 0.8% as Sensex slides
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Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13%, vs industry avg of 10.8%
Increasing Market Share
Over the last 5 years, market share increased from 11.18% to 12.3%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 15.79%, vs industry avg of 5.71%