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SRF Ltd

SRF

SRF Ltd

SRF
MaterialsDiversified Chemicals
MidcapWith a market cap of ₹67,140 cr, stock is ranked 144
Low RiskStock is 1.84x as volatile as Nifty
2,296.951.41% (+31.95)
2,296.951.41% (+31.95)

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MaterialsDiversified Chemicals
MidcapWith a market cap of ₹67,140 cr, stock is ranked 144
Low RiskStock is 1.84x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsDiversified Chemicals
MidcapWith a market cap of ₹67,140 cr, stock is ranked 144
Low RiskStock is 1.84x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
59.455.850.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
30.273.431.35%

Forecast & Ratings

Detailed Forecast 
44%
Analysts have suggested that investors can buy this stock

from 25 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

SRF Limited is a holding company engaged in manufacturing of chemicals and polymers, technical textiles and packaging films.

Investor Presentation

View older 

Oct 23, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13%, vs industry avg of 9.82%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 12.54% to 12.11%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 15.79%, vs industry avg of 3.99%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,620.564,894.815,704.167,177.617,361.658,466.3912,549.1714,945.1813,221.5413,611.93
Raw Materialssubtract2,309.612,440.243,063.104,041.163,778.794,090.606,346.697,402.436,814.1611,108.09
Power & Fuel Costsubtract398.07417.80500.79585.09672.55717.341,135.561,472.251,344.81
Employee Costsubtract386.33433.80474.04460.79541.92621.40780.00813.80935.03
Selling & Administrative Expensessubtract220.49272.94335.49374.30390.24438.36738.23836.10692.20
Operating & Other expensessubtract315.70287.63309.38341.25370.97399.32329.98816.47768.21
Depreciation/Amortizationsubtract274.96283.44315.80358.17388.61453.08517.23575.32672.62736.87
Interest & Other Itemssubtract130.46101.77123.89198.37200.68133.95115.93204.82302.29347.69
Taxes & Other Itemssubtract155.05142.20119.96176.85-1.20414.40696.63661.65356.51290.00
EPS14.7117.6215.8021.9534.8440.3563.0972.7044.9137.97
DPS2.002.402.402.402.804.8016.757.207.207.20
Payout ratio0.140.140.150.110.080.120.270.100.160.19

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 10PDF
Jan 27PDF
Oct 26PDF
Jul 29PDF
FY 2023

Annual report

PDF

Investor Presentation

May 10PDF
Jan 31PDF
Nov 4PDF
Jul 22PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 25PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 23PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsDiversified Chemicals

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
SRF Ltd50.275.850.32%
Pidilite Industries Ltd90.1818.100.52%
PI Industries Ltd36.687.060.37%
Godrej Industries Ltd604.272.40—

Price Comparison

Compare SRF with any stock or ETF
Compare SRF with any stock or ETF
SRF
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.26%9.80%7.97%18.29%13.69%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep20.03%19.79%19.60%19.08%18.75%18.29%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Flexicap Fund - Growth - Direct Plan

Growth
2.0881%2.77%-0.33%13/63 (+1)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
0.7338%0.97%-0.07%26/75 (0)
Mirae Asset Large & Midcap Fund - Growth - Direct Plan

Growth
0.6487%1.14%-0.08%23/105 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

SRF has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

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

Interim 1
Interim 1 | Div/Share: ₹3.60

Dividend/Share

₹3.60

Ex DateEx Date

Jul 31, 2024

Cash Dividend

Ex DateEx DateFeb 7, 2024

Interim 2
Interim 2 | Div/Share: ₹3.60

Dividend/Share

₹3.60

Ex DateEx Date

Feb 7, 2024

Cash Dividend

Ex DateEx DateAug 1, 2023

Interim 1
Interim 1 | Div/Share: ₹3.60

Dividend/Share

₹3.60

Ex DateEx Date

Aug 1, 2023

Cash Dividend

Ex DateEx DateFeb 7, 2023

Interim 2
Interim 2 | Div/Share: ₹3.60

Dividend/Share

₹3.60

Ex DateEx Date

Feb 7, 2023

Cash Dividend

Ex DateEx DateJul 28, 2022

Interim 1
Interim 1 | Div/Share: ₹3.60

Dividend/Share

₹3.60

Ex DateEx Date

Jul 28, 2022

News & Opinions
Spotlight
SRF Q2 PAT drops 33% YoY to Rs 201 cr

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

1 month agoCapital Market - Live
Earnings
SRF consolidated net profit declines 33.03% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Board of SRF approves setting up new manufacturing facility at Indore

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

1 month agoCapital Market - Live
Corporate
SRF to table results

SRF will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

SRF shares gain 2.74% as Sensex rises

3 months agoEconomic Times

ITC, Nykaa, SRF, Jubilant Foods: Trading views on these buzzing stocks

3 months agoBusiness Today

Share price of SRF falls as Sensex drops 2376.2 points

3 months agoEconomic Times

SRF shares down 2.6% as Nifty drops

4 months agoEconomic Times

NTA Releases Provisional Answer Keys For ICAR AIEEA PG And AICE JRF/SRF PhD 2024

4 months agoFree Press Journal

Share price of SRF falls as Nifty strengthens

4 months agoEconomic Times