SRF Ltd logo

SRF Ltd

SRF NSE

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

AI Verdict: HOLD Confidence: 5%

SRF Ltd shows strong TTM profit growth of 52% and solid long-term stock CAGR of 27% over 10 years, but trades at an expensive PE of 43.6x and 5.72x book value with below-average 3-year ROE of 12%. The stock is fairly valued for its long-term growth profile but near-term risk-reward is balanced given the premium valuation.

Key Fundamentals

MidcapSpecialty ChemicalsChemicals
Market Cap
₹81,807 Cr
Volatility
Moderate
P/E Ratio
44.14
EBITDA
₹3,517 Cr
Return on Equity
11.64%
Debt to Equity
0.37
Book Value
₹473.7
EPS
₹41.45
52W High
₹3,325
52W Low
₹2,355

Technical Indicators

Key Insights

Weaknesses

3
  • Stock is trading at 5.84 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 3d ago
HOLD
Risk medium

SRF Ltd shows strong TTM profit growth of 52% and solid long-term stock CAGR of 27% over 10 years, but trades at an expensive PE of 43.6x and 5.72x book value with below-average 3-year ROE of 12%. The stock is fairly valued for its long-term growth profile but near-term risk-reward is balanced given the premium valuation.

Bull Case 8
  • TTM compounded profit growth of 52% signals strong earnings recovery after a weak 3-year period
  • 10-year stock CAGR of 27% demonstrates exceptional long-term wealth creation for shareholders
  • 10-year compounded sales growth of 13% shows consistent top-line expansion across business cycles
  • 5-year compounded profit growth of 10% and sales growth of 13% reflect a diversified chemicals platform with secular tailwinds
  • 55.17% of analysts (16 out of 29) have a Buy rating, indicating majority institutional confidence
  • Last year ROE of 14% shows improvement from the 3-year average of 12%, suggesting margin recovery is underway
  • Market cap of Rs 80,124 Cr provides liquidity and institutional ownership benefits as a large-cap specialty chemicals player
  • 5-year stock CAGR of 14% outperforms broader market despite recent correction of -11% in 1 year
Bear Case 8
  • PE ratio of 43.6x is significantly expensive for a commodities/chemicals company with only 7% TTM sales growth
  • Price-to-book of 5.72x is elevated and flagged as a concern, implying high expectations already priced in
  • 3-year compounded profit growth is negative at -4%, indicating recent earnings volatility
  • 3-year ROE of only 12% is below cost of equity for most investors, suggesting inadequate return on capital deployed
  • 31% of analysts (9 out of 29) have a Sell rating, which is an unusually high proportion of bearish calls
  • 1-year stock return of -11% shows the market is already de-rating the stock from peak valuations
  • Company might be capitalizing interest costs, which could overstate reported profits and asset values
  • Dividend yield of only 0.33% offers negligible income support during any extended period of price weakness

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 3
  • ₹28 Cr block trade on NSE Jun 16

    Approximately 101,167 shares traded at ₹2,772.80 per share in a single block deal worth ₹28.05 crores, indicating institutional participation.

  • BRSR filed for FY26 Jun 6

    SRF filed its Business Responsibility and Sustainability Report for FY26, highlighting 42% renewable energy usage and noting significant tax demands.

  • 55th AGM scheduled Jun 30 Jun 3

    SRF scheduled its 55th Annual General Meeting for June 30, 2026, via video conferencing, with newspaper ads published on June 3.

TL;DR: Recent news flow for SRF is largely procedural with no material positive or negative catalysts. A ₹28 Cr block trade suggests institutional interest but is not directional by itself. The 42% renewable energy figure in the BRSR is a modest ESG positive, while mentioned tax demands bear watching. Overall, the near-term narrative is uneventful, and investors should look to the June 30 AGM for forward guidance.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
3,778
3,338
3,177
3,053
3,570
3,464
3,424
3,491
4,313
3,819
3,640
3,713
4,615
Expenses
2,846
2,642
2,551
2,487
2,874
2,861
2,886
2,872
3,356
2,989
2,866
2,933
3,589
Operating Profit
932
696
626
566
696
603
538
620
957
830
774
780
1,026
OPM %
25%
21%
20%
19%
19%
17%
16%
18%
22%
22%
21%
21%
22%
Other Income
22
12
29
19
23
25
33
40
34
29
26
-46
13
Interest
66
66
79
67
90
97
94
96
89
80
71
66
62
Depreciation
155
157
161
169
186
188
194
194
195
203
212
217
220
PBT
733
486
415
348
443
344
284
369
707
576
517
452
757
Tax %
23%
26%
27%
27%
5%
27%
29%
26%
26%
25%
25%
4%
23%
Net Profit
562
359
301
253
422
252
201
271
526
432
388
433
582
EPS in Rs
18.97
12.12
10.15
8.55
14.24
8.51
6.79
9.14
17.75
14.58
13.1
14.6
19.63
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
Operating Profit
717
963
969
906
1,297
1,455
2,133
3,103
3,529
2,584
2,718
3,410
OPM %
16%
21%
20%
16%
18%
20%
25%
25%
24%
20%
18%
22%
Other Income
65
28
73
115
78
152
66
116
75
83
133
22
Interest
138
130
102
124
198
201
134
116
205
302
376
278
Depreciation
245
275
283
316
358
389
453
517
575
673
772
852
PBT
399
585
657
582
818
1,018
1,612
2,586
2,824
1,692
1,704
2,302
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
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
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 Mar 2026
Promoters 50.26%
DIIs 21.17%
FIIs 16.66%
Public 8.83%
Others 3.05%
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 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%
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%
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%
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%
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%
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%
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

Documents

1
Concall - May 2017 May 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2017 Nov 2017
4
Concall - Feb 2018 Feb 2018
5
Concall - May 2018 May 2018

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 ₹81807.32 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 44.14. 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 ₹3,325. 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 0.33%. 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 11.64%. 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

Explore More

More in Commodities → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List