SRF Ltd logo

SRF Ltd

SRF NSE

Key Fundamentals

MidcapSpecialty ChemicalsChemicals
Market Cap
₹78,111 Cr
Volatility
Moderate
P/E Ratio
36.06
EBITDA
₹3,517 Cr
Return on Equity
13.07%
Debt to Equity
0.36
Book Value
₹473.7
EPS
₹41.45
52W High
₹3,210
52W Low
₹2,355

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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39 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

3
  • Stock is trading at 5.52 times its book value
  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
7.20% ↘
Net Income Growth
46.72% ↗
Cash Flow Change
2.66% ↗
ROE
31.89% ↗
ROCE
13.49% ↘
EBITDA Margin (Avg.)
15.08% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

SRF Ltd is a diversified chemicals and packaging films company with a market cap of ₹75,766 Cr, trading at a PE of 35.3x and 5.44x book value. The company has delivered 13% sales CAGR over 10 years and 57% TTM profit growth, though its 3-year ROE of 12% remains below its longer-term average of 16-17%.

Bull Case 7
  • Strong long-term revenue compounder with 13% compounded sales CAGR over both 5-year and 10-year periods
  • Significant TTM profit growth of 57% indicates a sharp recovery in earnings after a cyclical downturn
  • 10-year compounded profit growth of 16% demonstrates consistent long-term earnings power
  • 10-year stock CAGR of 23% reflects sustained wealth creation over a full market cycle
  • 5-year ROE average of 16% and 10-year ROE of 17% show the business can generate healthy returns on equity through cycles
  • TTM sales growth of 13% suggests demand recovery across key segments like specialty chemicals and fluorochemicals
  • 5-year compounded profit growth of 10% maintained despite a weak 3-year patch showing resilience
Bear Case 8
  • Stock trades at 5.44x book value which is expensive for a cyclical commodities-linked business
  • 3-year ROE has declined to 12% from a 10-year average of 17%, indicating deteriorating capital efficiency
  • PE of 35.3x is elevated relative to the commodity chemicals sector, leaving limited margin of safety
  • 3-year compounded profit growth is negative at -4%, showing recent earnings weakness despite long-term track record
  • Dividend yield of just 0.19% offers negligible income return to shareholders
  • 1-year stock return of -9% signals market concern about near-term growth trajectory or valuation
  • Company may be capitalizing interest costs, which could mask the true impact of debt servicing on profitability
  • 3-year sales CAGR of only 2% versus 13% over 5 and 10 years highlights a recent growth slowdown

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 3
  • Q1FY27 PAT surges 76% Jul 23

    SRF reported PAT of ₹759 crore (up 76% YoY) on revenue of ₹5,033 crore (up 32%) for Q1FY27, driven by strong performance across all segments.

  • Tax demand slashed to ₹9.46 Cr Jul 27

    Income tax demand for AY 2022-23 reduced from ₹327.44 crore to just ₹9.46 crore following a rectification order, removing a significant financial overhang.

  • ₹250 Cr BOPET capex approved Jul 22

    Board approved ₹250 crore investment for a 25,000 MTPA BOPET Thick Film Line to diversify into specialized industrial and electronic segments.

Neutral 2
  • ₹153 Cr block trades on exchanges Jul 27

    Three block trades totalling ~₹153 crore were executed across NSE and BSE at prices between ₹2,659-2,664 per share, indicating significant institutional activity.

  • Dividend TDS deadline July 30 Jul 23

    SRF set July 30, 2026 deadline for TDS documents related to the ₹5 per share interim dividend approved on July 22, with payout by August 18, 2026.

TL;DR: SRF is firing on all cylinders with a 76% jump in quarterly profit and 32% revenue growth, while a major tax liability has been virtually eliminated. The company is investing in capacity expansion via BOPET films for high-value segments. With no visible headwinds, institutional block trade activity at current levels, and strong earnings momentum, the near-term outlook remains firmly positive.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,338
3,177
3,053
3,570
3,464
3,424
3,491
4,313
3,819
3,640
3,713
4,615
5,033
Expenses
2,642
2,551
2,487
2,874
2,861
2,886
2,872
3,356
2,989
2,866
2,933
3,589
3,797
Operating Profit
696
626
566
696
603
538
620
957
830
774
780
1,026
1,237
OPM %
21%
20%
19%
19%
17%
16%
18%
22%
22%
21%
21%
22%
25%
Other Income
12
29
19
23
25
33
40
34
29
26
-46
13
34
Interest
66
79
67
90
97
94
96
89
80
71
66
62
69
Depreciation
157
161
169
186
188
194
194
195
203
212
217
220
223
PBT
486
415
348
443
344
284
369
707
576
517
452
757
979
Tax %
26%
27%
27%
5%
27%
29%
26%
26%
25%
25%
4%
23%
22%
Net Profit
359
301
253
422
252
201
271
526
432
388
433
582
759
EPS in Rs
12.12
10.15
8.55
14.24
8.51
6.79
9.14
17.75
14.58
13.1
14.6
19.63
25.6
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,540
4,593
4,822
5,589
7,100
7,209
8,400
12,434
14,870
13,139
14,693
15,787
17,001
Expenses
3,822
3,630
3,852
4,683
5,803
5,754
6,267
9,330
11,341
10,554
11,975
12,377
13,185
Operating Profit
717
963
969
906
1,297
1,455
2,133
3,103
3,529
2,584
2,718
3,410
3,817
OPM %
16%
21%
20%
16%
18%
20%
25%
25%
24%
20%
18%
22%
22%
Other Income
65
28
73
115
78
152
66
116
75
83
133
22
27
Interest
138
130
102
124
198
201
134
116
205
302
376
278
267
Depreciation
245
275
283
316
358
389
453
517
575
673
772
852
872
PBT
399
585
657
582
818
1,018
1,612
2,586
2,824
1,692
1,704
2,302
2,705
Tax %
24%
27%
22%
21%
22%
0%
26%
27%
23%
21%
27%
20%
—
Net Profit
303
430
515
462
642
1,019
1,198
1,889
2,162
1,336
1,251
1,835
2,162
EPS in Rs
10.55
14.97
17.94
16.08
22.33
35.46
40.44
63.72
72.95
45.06
42.2
61.91
72.93
Div. Payout %
19%
14%
14%
15%
11%
8%
12%
26%
10%
16%
17%
15%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
58
58
58
58
58
58
60
297
297
297
297
297
Reserves
2,238
2,705
3,124
3,506
4,071
4,875
6,796
8,268
10,030
11,182
12,329
13,745
Borrowings
2,435
2,515
2,396
3,142
3,730
4,135
3,469
3,655
4,478
5,031
4,726
5,083
Other Liabilities
1,152
1,146
1,389
1,657
2,028
1,795
2,586
3,544
3,931
3,945
4,169
4,971
Total Liabilities
5,883
6,424
6,968
8,363
9,888
10,862
12,911
15,765
18,736
20,454
21,521
24,097
Fixed Assets
3,922
4,113
4,405
5,122
5,609
6,368
7,827
8,425
10,050
13,242
13,720
13,926
CWIP
104
117
259
559
754
1,393
772
1,672
2,406
805
811
1,889
Investments
94
165
196
122
101
203
417
321
494
527
827
687
Other Assets
1,762
2,029
2,109
2,561
3,424
2,899
3,895
5,347
5,786
5,881
6,163
7,594
Total Assets
5,883
6,424
6,968
8,363
9,888
10,862
12,911
15,765
18,736
20,454
21,521
24,097
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
542
1,090
645
678
896
1,304
1,772
2,106
2,902
2,094
2,487
2,554
Investing
-500
-667
-613
-1,174
-1,039
-1,179
-1,499
-1,586
-2,964
-2,231
-1,482
-1,589
Financing
-18
-182
-284
495
246
-199
-251
-207
220
-72
-1,071
-708
Net Cash Flow
24
241
-252
-1
103
-73
22
312
158
-209
-65
256
Free Cash Flow
58
511
5
-605
-157
-69
567
289
50
-108
1,265
747
CFO/OP
87
125
79
88
81
99
95
81
97
96
104
90
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
49
41
50
44
53
45
55
53
44
54
54
59
Inventory Days
110
105
126
115
113
119
133
129
112
127
111
131
Days Payable
83
112
122
126
127
110
144
126
110
120
111
121
Cash Conversion Cycle
75
34
54
34
38
54
45
55
46
61
55
69
Working Capital Days
10
1
-15
-21
-17
-37
-14
1
-6
-18
-9
-12
ROCE %
11%
14%
14%
11%
14%
14%
18%
24%
22%
13%
12%
15%

Shareholding Pattern

As of Jun 2026
Promoters 50.26%
DIIs 22.44%
FIIs 15.45%
Public 8.74%
Others 3.08%
Government 0.04%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
50.77%
50.77%
50.77%
50.73%
50.73%
50.73%
50.53%
50.53%
50.53%
50.53%
50.53%
50.53%
50.30%
50.26%
50.26%
50.26%
50.26%
50.26%
50.26%
50.26%
50.26%
50.26%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
19.79%
0.00%
19.08%
18.75%
18.29%
18.36%
18.27%
18.23%
17.98%
17.48%
16.66%
15.45%
DIIs
11.16%
11.90%
10.42%
9.16%
8.71%
9.37%
13.34%
14.85%
14.94%
13.71%
14.13%
13.20%
15.97%
16.56%
17.77%
17.77%
18.43%
18.85%
19.53%
20.18%
21.17%
22.44%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
Public
11.43%
11.05%
12.02%
12.93%
12.69%
12.76%
12.10%
12.19%
11.88%
11.59%
11.47%
11.28%
10.74%
10.51%
10.15%
10.08%
9.49%
9.44%
9.14%
8.92%
8.83%
8.74%
Others
26.64%
26.28%
26.80%
27.18%
27.86%
27.14%
24.03%
22.42%
22.65%
24.17%
4.09%
24.99%
3.90%
3.92%
3.50%
3.48%
3.51%
3.17%
3.06%
3.12%
3.05%
3.08%
No. of Shareholders
0
73,513
72,127
1,09,990
2,08,610
2,14,696
2,53,493
2,46,943
2,60,423
2,54,169
2,71,170
2,59,457
2,34,321
2,26,939
2,11,749
2,11,698
1,99,548
1,92,618
1,91,991
1,81,280
1,80,341
1,77,423

Documents

Frequently Asked Questions about SRF Ltd

What does SRF Ltd do?
Incorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers[1]
Where is SRF Ltd (SRF) listed?
SRF Ltd is listed on the Indian stock exchanges. It is listed on NSE: SRF and BSE: 503806. You can view its live share price, financials, and ratios on Tapetide.
Which sector does SRF Ltd belong to?
SRF Ltd operates in the Commodities sector within the Chemicals & Petrochemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of SRF Ltd?
SRF Ltd has a market capitalisation of approximately ₹78110.91 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of SRF Ltd?
The Price-to-Earnings (PE) ratio of SRF Ltd is 36.06. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of SRF Ltd?
Over the past 52 weeks, SRF Ltd has traded between a low of ₹2,355 and a high of ₹3,210. This range helps investors understand the stock's price volatility and recent trading levels.
Does SRF Ltd pay dividends?
Yes, SRF Ltd has a dividend yield of 0.19%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of SRF Ltd?
SRF Ltd has a Return on Equity (ROE) of 13.07%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research SRF Ltd on Tapetide?
On Tapetide, you can view SRF Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers[1]

Website srf.com
CEO Mr. Ashish Bharat Ram MBA
Employees 7,625
Listed 2003-08-18
Face Value ₹ 10
Issued Size 29,64,24,825

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