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SRF Ltd

SRF

SRF Ltd

SRF
MaterialsDiversified Chemicals
MidcapWith a market cap of ₹84,227 cr, stock is ranked 107
Moderate RiskStock is 2.15x as volatile as Nifty
2,752.253.14% (-89.20)
2,752.253.14% (-89.20)

Price Chart

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MaterialsDiversified Chemicals
MidcapWith a market cap of ₹84,227 cr, stock is ranked 107
Moderate RiskStock is 2.15x 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 ₹84,227 cr, stock is ranked 107
Moderate RiskStock is 2.15x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
73.447.340.25%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
27.823.161.50%

Forecast & Ratings

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

from 27 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 

Jan 30, 2025

PDF
View Older Presentations
PE Ratio
82.89
1Y Return
5.37%
Buy Reco %
60.00
PE Ratio
29.11
1Y Return
7.47%
Buy Reco %
68.18
PE Ratio
463.21
1Y Return
0.02%
Buy Reco %
100.00
PE Ratio
82.53
1Y Return
12.39%
Buy Reco %
0.00
PE Ratio
32.64
1Y Return
24.01%
Buy Reco %
100.00
Compare with Peers

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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 2.37%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,620.564,894.815,704.167,177.617,361.658,466.3912,549.1714,945.1813,221.5414,071.09
Raw Materialssubtract2,309.612,440.243,063.104,041.163,778.794,090.606,346.697,402.436,814.1611,492.62
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/Amortizationsubtract274.96283.44315.80358.17388.61453.08517.23575.32672.62762.24
Interest & Other Itemssubtract130.46101.77123.89198.37200.68133.95115.93204.82302.29376.57
Taxes & Other Itemssubtract155.05142.20119.96176.85-1.20414.40696.63661.65356.51292.73
EPS14.7117.6215.8021.9534.8440.3563.0972.7044.9138.56
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
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

Jan 30PDF
Oct 23PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsDiversified Chemicals

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
SRF Ltd63.067.340.25%
Pidilite Industries Ltd82.8916.630.57%
PI Industries Ltd29.115.610.47%
Godrej Industries Ltd463.211.84—

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%9.60%8.17%18.36%13.60%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2419.79%19.60%19.08%18.75%18.29%18.36%

Mutual Funds Holding Trend

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 almost stayed constant

Top 5 Mutual Funds holding SRF Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
2.0850%3.58%0.82%8/63 (+3)
0.7437%1.72%0.58%8/111 (+17)
0.7327%1.26%0.30%19/72 (+8)

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 0.25%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.54 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateFeb 4, 2025

Interim 2
Interim 2 | Div/Share: ₹3.60

Dividend/Share

₹3.60

Ex DateEx Date

Feb 4, 2025

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

News & Opinions
Spotlight
SRF jumps after Q3 PAT rises 7% YoY; declares dividend of Rs 3.6/sh

Profit before tax in third quarter of FY25 was at Rs 368.70 crore, up 5.85% from Rs 348.32 crore recorded in the same period a year ago. Earnings before interest and tax (EBIT) grew 16% to Rs 529 crore in Q3 FY25 as against Rs 457 crore posted in corresponding period last year (CPLY). The chemicals business reported an increase of 7% YoY in its segment revenue to Rs 1,496 crore during Q3 FY25. The operating profit of the chemicals business increased 13% YoY to Rs 364 crore in the December 2024 quarter. During the quarter, the specialty chemicals business continued to experience some overhang of inventory buildup among agrochemical customers. However, there appears to be a gradual increase in demand. The fluorochemicals business received strong support for refrigerants from OEMs in the domestic market. The chloromethanes segment also maintained stable performance during the quarter. Revenue from packaging films business increased 27% in its segment revenue to Rs 1,385 crore in Q3 FY25. The operating profit of the packaging films business jumped 100% YoY to Rs 90 crore in Q3 of FY25. This quarter, the business demonstrated satisfactory performance. SRF maintained a strong position within the industry, although margins in Aluminium Foil experienced pressure due to lower-cost imports from China and Thailand. The technical textiles business reported an increase of 11% in its segment revenue to Rs 510 crore from Rs 458 crore during Q3 FY25 over Q3 FY24. The operating profit of this business decreased 14% YoY to Rs 59 crore in third quarter of FY25. During the quarter, the technical textiles business underperformed due to lower demand and margins in the belting fabrics segment. On the positive side, the polyester industrial yarn segment reached full capacity utilization. Other businesses reported a decrease of 11% in its segment revenue to Rs 101 crore in Q3 FY25 over Q3 FY24. The operating profit of the other businesses decreased 26% from Rs 21 crore to Rs 16 crore in Q3 FY25 over Q3 FY24. Y. During the quarter, the coated fabrics segment experienced slower performance due to weak demand in the domestic market. The laminated fabrics segment performed in line with expectations. As of 31 December 2024, the company has applied for a total of 469 patents. Till date, the company has been granted 151 patents globally. Meanwhile, the board has declared an interim dividend of Rs 3.60 per share, as on the record date i.e. 4 February 2025. The date of payment of interim dividend will be on or before Thursday, 27 February 2025. Further, the board has also approved re-appointment of Ashish Bharat Ram as chairman & managing director for a further term starting from 23 May 2025 upto 31 March 2030. Lastly, the board of directors of the company also approved the appointment of Geeta Shamrao Jadhav as the president & CHRO, senior management personnel of the company with effect from 30 January 2025. Ashish Bharat Ram, chairman and managing director of SRF, said, 'We have seen a decent recovery this quarter. Building on the momentum, we expect to finish the year on a reasonably strong footing.' 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. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Board of SRF recommends second interim dividend

SRF announced that the Board of Directors of the Company at its meeting held on 29 January 2025, inter alia, have recommended the second interim dividend of Rs 3.6 per equity Share (i.e. 36%) , subject to the approval of the shareholders.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
SRF consolidated net profit rises 6.96% in the December 2024 quarter

Net profit of SRF rose 6.96% to Rs 271.08 crore in the quarter ended December 2024 as against Rs 253.43 crore during the previous quarter ended December 2023. Sales rose 13.78% to Rs 3406.69 crore in the quarter ended December 2024 as against Rs 2994.03 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3406.692994.03 14 OPM %18.1918.90 - PBDT562.96517.21 9 PBT368.70348.32 6 NP271.08253.43 7 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
SRF to discuss results

SRF will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
SRF fixes record date for 2nd interim dividend

SRF has fixed 31 January 2025 as record date for payment of 2nd interim dividend for FY 2024-25, if any. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Specialty chemical shares rally after refrigerant gas prices jump

Shares of SRF rallied 13.66% to Rs 2,672.25 while Navin Flourine International jumped 9.76% to Rs 3,825 on the BSE. Both shares surged after IGas USA raised concerns about significant supply shortages for R32 and R125. The R32 refrigerant is used in air conditioning and low-temperature refrigeration systems. It absorbs heat and creates cool air. Similarly, the R125 is also used in air conditioning, refrigeration and other industries. Brokerage firm noted that every $1 per kilogram change in realisations of the R32 refrigerant could increase SRF's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) by Rs 260 crore. Similarly, every $1 per kilogram change in realisations of the R32 gas can improve Navin Fluorine's EBITDA by Rs 77 crore. 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. Navin Fluorine International belongs to a reputed industrial house of Padmanabh Mafatlal Group in India. It has largest integrated fluorochemicals complex in India. The company primarily focuses on fluorine chemistry - producing refrigeration gases, chemicals, inorganic bulk fluorides, specialty organofluorines and offers Contract Research and manufacturing services.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
SRF Ltd leads gainers in 'A' group

Navin Fluorine International Ltd, Alkyl Amines Chemicals Ltd, Balaji Amines Ltd and Kama Holdings Ltd are among the other gainers in the BSE's 'A' group today, 09 January 2025.SRF Ltd surged 14.56% to Rs 2693.25 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 11046 shares in the past one month. Navin Fluorine International Ltd soared 13.42% to Rs 3957.85. The stock was the second biggest gainer in 'A' group. On the BSE, 56455 shares were traded on the counter so far as against the average daily volumes of 2535 shares in the past one month. Alkyl Amines Chemicals Ltd spiked 10.35% to Rs 1918.35. The stock was the third biggest gainer in 'A' group. On the BSE, 20443 shares were traded on the counter so far as against the average daily volumes of 4260 shares in the past one month. Balaji Amines Ltd spurt 9.43% to Rs 1905.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 29604 shares were traded on the counter so far as against the average daily volumes of 5565 shares in the past one month. Kama Holdings Ltd jumped 9.07% to Rs 2690.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 28781 shares were traded on the counter so far as against the average daily volumes of 3605 shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
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

3 months 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

3 months 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

3 months agoCapital Market - Live