SRF Ltd
SRFSRF Ltd
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
60.67 | 5.97 | 0.31% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
30.99 | 3.52 | 1.32% |
Forecast & Ratings
Detailed Forecast from 25 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.
Investor Presentation
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Compare with peersÂPidilite Industries Ltd
PI Industries Ltd
Godrej Industries Ltd
Tata Chemicals Ltd
BASF India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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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 | 13,611.93 | ||||||||||
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 | 11,108.09 | ||||||||||
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 | 2,503.84 | ||||||||||
Depreciation/Amortization | 274.96 | 283.44 | 315.80 | 358.17 | 388.61 | 453.08 | 517.23 | 575.32 | 672.62 | 736.87 | ||||||||||
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 | 1,766.97 | ||||||||||
Interest & Other Items | 130.46 | 101.77 | 123.89 | 198.37 | 200.68 | 133.95 | 115.93 | 204.82 | 302.29 | 347.69 | ||||||||||
PBT | 584.94 | 657.19 | 581.67 | 818.48 | 1,017.89 | 1,612.34 | 2,585.55 | 2,823.99 | 1,692.22 | 1,419.28 | ||||||||||
Taxes & Other Items | 155.05 | 142.20 | 119.96 | 176.85 | -1.20 | 414.40 | 696.63 | 661.65 | 356.51 | 290.00 | ||||||||||
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 | 1,129.28 | ||||||||||
EPS | 14.71 | 17.62 | 15.80 | 21.95 | 34.84 | 40.35 | 63.09 | 72.70 | 44.91 | 37.97 | ||||||||||
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 | 0.19 |
Company Updates
Annual report
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PDFAnnual report
PDFAnnual report
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PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
MaterialsDiversified Chemicals
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
SRF Ltd | 51.29 | 5.97 | 0.31% |
Pidilite Industries Ltd | 92.61 | 18.59 | 0.51% |
PI Industries Ltd | 37.33 | 7.19 | 0.36% |
Godrej Industries Ltd | 605.84 | 2.40 | — |
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
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.36%
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 2.0463% | Percentage of the fund’s portfolio invested in the stock 2.77% | Change in the portfolio weight of the stock over the last 3 months -0.33% | 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 13/63 (+1) |
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 0.7191% | Percentage of the fund’s portfolio invested in the stock 0.97% | Change in the portfolio weight of the stock over the last 3 months -0.07% | 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 26/75 (0) |
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 0.6357% | Percentage of the fund’s portfolio invested in the stock 1.14% | Change in the portfolio weight of the stock over the last 3 months -0.08% | 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 23/105 (-3) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Trend In Dividends
SRF has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.32%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.19 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 31, 2024
Dividend/Share
₹3.60
Ex DateEx Date
Jul 31, 2024
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
However, total revenue from operations increased 7.77% year on year (YoY) to Rs 3,424.30 crore in Q2 FY25. Profit before tax in Q2 FY25 was at Rs 283.66 crore, down 31.61% from Rs 414.81 crore recorded in the same period a year ago. Earnings before interest and tax (EBIT) dropped 22% to Rs 417 crore in Q2 FY25 as against Rs 533 crore posted in corresponding period last year (CPLY). The chemicals business reported a decline of 11% YoY in its segment revenue from Rs 1,426 crore to Rs 1,358 crore during Q2 FY25. The operating profit of the chemicals business decreased 29% YoY from Rs 348 crore to Rs 246 crore in Q2 FY25. In Q2 FY25, the specialty chemicals business experienced traction on certain new products, while volumes of some key products witnessed lower offtake due to inventory issues at the customers' end. The fluorochemicals business saw healthy performance in the domestic market, with an increase in overall volumes. However, reduced export realizations put pressure on margins. Revenue from packaging films business increased 27% in its segment revenue to Rs 1,421 crore in Q2 FY25 as against Rs 1,122 crore recorded in Q2 FY24. The operating profit of the packaging films business grew 7% YoY to Rs 83 crore in Q2 FY25. This quarter, BOPET film margins improved somewhat in India, leading to better results for the packaging films business, whereas Thailand continued to be affected by chinese dumping. The performance of the BOPP film segment was in line with expectations. The technical textiles business reported an increase of 6% in its segment revenue from Rs 506 crore to Rs 536 crore during Q2FY25 over Q2 FY24. The operating profit of the technical textiles business decreased 5% from Rs 75 crore to Rs 71 crore in Q2FY25 over Q2 FY24. During the quarter, the technical textiles business performed well owing to higher sales volume of its flagship nylon tyre cord fabric. Additionally, the business witnessed healthy demand for its polyester yarn segment, while the belting fabrics segment witnessed low demand and margins, which had some impact on the overall performance. Other businesses reported a decrease of 11% in its segment revenue from Rs 127 crore to Rs 113 crore in Q2 FY25 over Q2 FY24. The operating profit of the other businesses decreased 48% from Rs 33 crore to Rs 17 crore in Q2FY25 over Q2 FY24. During the quarter, the coated and laminated fabrics segments performed in line with the expectations. As of 30 September 2024, the company has applied for a total of four hundred and fifty-eight patents. Till date, the company has been granted one hundred and fifty-one patents globally. On half year basis, the company's consolidated net profit fell 31.27% to Rs 453.64 crore on 5.71% rise in total revenue to Rs 6,888.42 crore in H1 FY25 over H1 FY24. Meanwhile, the board has approved a project to establish production facilities for fourth generation refrigerants, which have a notably lower global warming potential (GWP) and carbon footprint, at an estimated cost of Rs 1,100 crore. The project is anticipated to be completed in about thirty months. Further, the board has also approved a project to establish a manufacturing facility for the BOPP-BOPE film line in Indore, India. This project provides us with an opportunity to expand our current substrate, BOPP, and venture into a new substrate, BOPE. Additionally, it aligns with its sustainability agenda, as polyolefin substrates like BOPP/BOPE are considered more sustainable due to their mono-family advantage and ease of recyclability. The projected cost for this project is Rs 445 crore, and it is expected to be operational in approximately twenty-five months. Ashish Bharat Ram, chairman and managing director of SRF, said, 'While the performance this quarter has been expectedly subdued, I believe the worst is now behind us. We will start seeing an improvement from this quarter onwards with a likelihood of a strong finish to the year.' 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. Shares of SRF rallied 5.41% to currently trade at Rs 2,294.20 on the BSE. Powered by Capital Market - Live
Net profit of SRF declined 33.03% to Rs 201.42 crore in the quarter ended September 2024 as against Rs 300.78 crore during the previous quarter ended September 2023. Sales rose 6.81% to Rs 3334.06 crore in the quarter ended September 2024 as against Rs 3121.43 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3334.063121.43 7 OPM %16.1420.06 - PBDT477.59576.04 -17 PBT283.66414.81 -32 NP201.42300.78 -33 Powered by Capital Market - Live
The Board of SRF at its meeting held on 22 October 2024 has approved project for setting up manufacturing facility for BOPP ' BOPE Film (including Metallizer) at Indore. Proposed capacity addition - 60,000 MTPA (Nameplate) on BOPP Investment required - Rs 445 crore (mix of debt and internal accruals)Powered by Capital Market - Live
SRF will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live
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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 9.82%
Decreasing Market Share
Over the last 5 years, market share decreased from 12.54% to 12.11%
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 3.99%