SRF

SRF Share Price

₹2,299.15 +52.45 (2.33%)

05 Nov, 2024 19:06

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Performance

  • Low
  • ₹2,236
  • High
  • ₹2,305
  • 52 Week Low
  • ₹2,089
  • 52 Week High
  • ₹2,694
  • Open Price₹2,242
  • Previous Close₹2,247
  • Volume334,191

Investment Returns

  • Over 1 Month -2.18%
  • Over 3 Month -8.87%
  • Over 6 Month -10.46%
  • Over 1 Year + 2.03%
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SRF Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 60.4
  • PEG Ratio
  • -1.7
  • Market Cap Cr
  • 68,153
  • P/B Ratio
  • 6
  • Average True Range
  • 62.58
  • EPS
  • 46.2
  • Dividend Yield
  • 0.3
  • MACD Signal
  • -46.72
  • RSI
  • 48.71
  • MFI
  • 37.85

SRF Financial

IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
Net Sales/Income from operations2,703.532,736.302,919.632,449.032,586.98
Total Income From Operations2,703.532,736.302,919.632,506.342,586.98
P/L Before Interest, Excpt. Items & Tax375.37412.00527.04403.83479.04
P/L Before Exceptional Items & Tax303.36336.30459.04352.00415.77
P/L After Tax from Ordinary Activities225.11249.94437.10262.81308.72
Net Profit/Loss For the Period225.11249.94437.10262.81308.72
IndicatorMar 24Mar 23
Revenue From Operations [Gross]10,565.9211,806.09
Revenue From Operations [Net]10,565.9211,806.09
Total Operating Revenues10,786.6712,073.84
Total Revenue10,906.0912,179.90
Total Expenses9,188.219,524.04
Profit/Loss Before Tax1,717.882,655.86
Profit/Loss For The Period1,374.032,023.36
IndicatorMar 24Mar 23
Net CashFlow - Operating Activity1,902.842,788.10
Net Cash Used In Investing Activity-2,074.04-2,328.16
Net Cash Used in Finance Activity5.72-252.33
Net Inc/Dec In Cash And Equivalent-165.48207.61
Cash And Equivalent End Of Year361.77527.25
IndicatorMar 24Mar 23
Total Share Capital297.44297.44
Total Non-Current Liabilities2,808.602,812.91
Total Current Liabilities4,042.333,484.95
Total Capital And Liabilities17,364.6415,551.41
Total Non-Current Assets12,374.7110,547.94
Total Current Assets4,989.935,003.47
Total Assets17,364.6415,551.41
Indicator20242023
EBIT Margin (%)18.1123.45
Return On Capital Employed (%)14.6623.46
Return On Equity (%)13.0621.86
Long Term Debt To Equity (%)15.8018.65
Book Value/Share (INR)353.47311.11
IndicatorSep 24Jun 24Mar 24Dec 23Sep 23
Net Sales/Income from operations3,424.303,464.123,569.742,994.033,177.36
Total Income From Operations3,424.303,464.123,569.743,053.043,177.36
P/L Before Interest, Excpt. Items & Tax377.44440.52533.32415.69494.10
P/L Before Exceptional Items & Tax283.66343.98443.32348.32414.81
P/L After Tax from Ordinary Activities201.42252.22422.21253.43300.78
Net Profit/Loss For the Period201.42252.22422.21253.43300.78
IndicatorMar 24Mar 23
Revenue From Operations [Gross]12,910.3514,591.82
Revenue From Operations [Net]12,910.3514,591.82
Total Operating Revenues13,138.5214,870.25
Total Revenue13,221.5414,945.18
Total Expenses11,529.3212,121.19
Profit/Loss Before Tax1,692.222,823.99
Profit/Loss For The Period1,335.712,162.34
IndicatorMar 24Mar 23
Net CashFlow - Operating Activity2,093.862,901.71
Net Cash Used In Investing Activity-2,227.33-2,961.41
Net Cash Used in Finance Activity-71.70219.58
Net Inc/Dec In Cash And Equivalent-208.65157.50
Cash And Equivalent End Of Year399.33607.98
IndicatorMar 24Mar 23
Total Share Capital297.44297.44
Total Non-Current Liabilities3,522.153,510.87
Total Current Liabilities5,480.774,916.60
Total Capital And Liabilities20,481.9418,754.52
Total Non-Current Assets14,832.6512,979.57
Total Current Assets5,649.295,774.95
Total Assets20,481.9418,754.52
Indicator20242023
EBIT Margin (%)15.1820.36
Return On Capital Employed (%)13.2921.88
Return On Equity (%)11.6320.93
Long Term Debt To Equity (%)19.6122.38
Book Value/Share (INR)385.93347.20

SRF Technicals

EMA & SMA

Current Price
₹2,299.15
+ 52.45 (2.33%)
pointer
  • stock-down_img
  • Bullish Moving Average 7
  • stock-up_img
  • Bearish Moving Average 9
  • 20 Day
  • ₹2,289.04
  • 50 Day
  • ₹2,356.48
  • 100 Day
  • ₹2,393.63
  • 200 Day
  • ₹2,401.24

Resistance and Support

2279.95 Pivot Speed
  • R3 2,394.10
  • R2 2,349.65
  • R1 2,324.40
  • S1 2,254.70
  • S2 2,210.25
  • S3 2,185.00

Is SRF Worth Buying?

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

SRF Ltd. manufactures chemical-based industrial intermediates across four segments: Technical Textiles, Chemicals, Packaging Films, and Others. With global reach, its products serve industries from automotive to pharmaceuticals, ensuring sustainable and innovative solutions for diverse applications. SRF Ltd (Nse) has an operating revenue of Rs. 13,511.20 Cr. on a trailing 12-month basis. An annual revenue de-growth of -12% needs improvement, Pre-tax margin of 13% is healthy, ROE of 11% is good. The company has a reasonable debt to equity of 20%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 35 which is a POOR score indicating inconsistency in earnings, a RS Rating of 22 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 70 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of D is close to being the worst. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment. Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation. (+)

SRF Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-22 Quarterly Results
2024-07-23 Quarterly Results & Interim Dividend Rs.0.00 alia, to discuss : 1. Resolution enabling issuance of Non-Convertible Debentures (NCDs), aggregating upto Rs. 750 Crores in one or more tranches.
2024-05-07 Audited Results & Final Dividend
2024-01-30 Quarterly Results & Interim Dividend
2023-10-27 Quarterly Results
Date Purpose Remarks
2024-07-31 INTERIM Rs.3.60 per share(36%)First Interim Dividend
2024-02-07 INTERIM Rs.3.60 per share(36%)Second Interim Dividend
2023-08-01 INTERIM Rs.3.60 per share(36%)First Interim Dividend
2023-02-07 INTERIM Rs.3.60 per share(36%)Second Interim Dividend
2022-07-29 INTERIM Rs.3.60 per share (36%)First Interim Dividend
Date Purpose Remarks
2021-10-14 Bonus Rs.0.00 issue in the ratio of 4:1 of Rs. 10/-.

SRF F&O

SRF Shareholding Pattern

50.26%
9.8%
7.39%
0.02%
0%
10.15%
22.38%

About SRF

SRF Limited, founded in 1970, is a chemical-based multi-business entity that manufactures industrial and specialty intermediates. Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, and Coated and Laminated Fabrics are all part of the company's diverse business portfolio.

Founded by Dr. Bharat Ram in 1970, Shri Ram Fibres was later renamed SRF Ltd in 1990. It is headquartered in Mumbai, Maharashtra and employs over 7,000 people worldwide. 

Shriram Fibres Ltd manufactures and distributes cotton yarn, spun yarn, textile fabrics and nonwovens. The Company also exports its products to 90 plus countries. Shriram Fibres's core markets are in Asia Pacific, Europe and North American countries. However, it also caters to several other countries in Latin America, the Middle East and Africa (MEA). 

Business Verticals

SRF Ltd. has many business verticals.

Their product portfolio comprises various functional chemicals and industrial intermediates. The products in its Fluorochemicals business vertical include trifluoroacetic acid (TFA), fluosilicic acid (H2SiF6), hexafluorosilicic acid (H2SiF6) and fluorosilicates of alkali metals.

SRF Ltd. is a manufacturer and marketer of specialty chemicals for paint, coatings, adhesives, sealants, lubricants and other markets. It also offers a range of automotive products such as car polish/cleaners, maintenance kit products and waxes. 

They are primarily known for their superior quality speciality films. These products include flame retardant (FR) films, odour control films, antistatic films, gas barrier films and many others. The market has witnessed significant growth. This demand can be attributed to a rise in personal disposable income and a corresponding increase in per capita consumption expenditure.

SRF is India's largest technical tiles manufacturer and the third-largest synthetic rubber producer in Asia. SRF Ltd. provides a range of products, including ceramics, vinyl sheets, tile sealants and grouts, building materials (ceramic, marbles & granite), adhesives and flooring solutions. The company also operates in the infrastructure development space as a contract player for bridges/flyovers/roads etc.

Their Laminated Fabrics Business Segment, also known as Packaging Films Business, includes coating, coextrusion, conversion or lamination processes. TLF produces polyester resin-coated or laminated products for packaging applications such as film, bags, cups and plates. Markets include Beverage Containers (i.e., bottles, cans), Dairy Products (i.e., milk cartons), Food Packaging (i.e., frozen pizza boxes), and Pet Food Bags, among others.

Company History

SRF Limited (SRF) was founded on January 9, 1970, as Shriram Fibres Ltd. SRF Finance Ltd began operations in 1986. SRF began commercial production of fluorochemicals in Bhiwadi in 1989. The company's name was changed from Shriram Fibres Limited to SRF Limited in 1990. Total Quality Management (TQM) was implemented throughout the company in 1993.

Milestones

1970 - Shri Ram Fibres gets incorporated.
1974 - First Tyre Cord Fabrics plant is established in Manali, Chennai.
1977 - Commenced the production of Fishnet twine.
1979 - Commenced the production of nylon engineering plastics.
1982 - CSR arm is launched with ‘Society for Education and Welfare Development.’
1983 - SRF enters the Belting Fabrics market with its facility in Viralimalai, Tamil Nadu.
1986 - Commissioned the Viralimalai coated fabric; Nippondenso Ltd begins operations. SRF’s wholly owned subsidiary, SRF Finance commences operations.
1989 -  SRF enters the Fluorochemicals business with the production of refrigerants at the facility in Bhiwadi, Rajasthan.
1990 - Shri Ram Fibres gets renamed SRF Ltd due to diversification.
1993 - SRF Nippondenso was divested.
1995 - SRF acquires the BOPET film plant owned by M/s Flowmore in Kashipur and the Packaging Films Business. 
1996 - The company established its first overseas plant (tyre cord) in Dubai.
1997 - SRF Finance Ltd. is sold along with SRF’s 50.5% stake to GE Capital (Mauritius); Vision Care Division is sold as a separate entity to Paris-based Essilor Group.
2000 - SRF acquires DuPont, subsidiary DuPont Fibres Ltd (DFL), and renames it Tyre Cord Fabric Ltd.
2004 - SRF enters the Specialty Chemicals Business as a supplier of fine chemicals to the agrochemicals and pharmaceuticals industry; Set’s up a new manufacturing plant in Indore.
2007 - SRF’s CSR arm, Society for Education and Welfare Development, is renamed SRF Foundation to continue transforming education in India.
2008 - SRF acquires the plant of Thai Baroda Industries Limited in Rayong.
2009 - SRF Polymers Ltd. commenced commercial production of Polyester Industrial Yarn.
2010 - SRF enters the Laminated Fabrics Business with their Kashipur plant in India.
2011 - The Gummidipoondi plant gets an upgrade with world-class facilities.
2012 - SRF’s biggest manufacturing unit is set up Dahej facility in Gujarat.
2013 - SRF enters the global Packaging Films market by setting up facilities in Thailand and South Africa and closes SRF Overseas Ltd. in Dubai.
2015 - SRF acquires the Dymel® HFA 134a/P making them one of the few manufacturers of Pharma-grade HFA 134a/P in the world.
2016 - SRF Industries (Thailand) sets up a distribution network in Thailand.
2017 - SRF’s Packaging Films Business commences a new facility at the Domestic Tariff Area (DTA), in Indore, Madhya Pradesh. SRF Acquires Mexichem’s HFC-125 assets and becomes the exclusive manufacturer of all three major HFCs.
2017 - SRF closes down SRF Industex Belting (Pty) Limited–its South African Subsidiary.
2019 - SRF makes a strategic exit by selling its Engineering Plastics Business to DSM and closing down the Technical Textiles Business (TTB) manufacturing plant in Rayong, Thailand,
2020 - SRF enters the European market with a state-of-the-art film manufacturing facility at Jaszfenyszaru, Hungary and commences the 2nd BOPET film line and a Resin plant at the Rayong facility in Thailand. 
2021 - SRF launches the 1st BOPP Film Line with the highest safety standards and remarkably high production capacity at Rayong, Thailand.
2022 - SRF incorporates SRF Altech Ltd to grow in Aluminium Foil production.

(+)
  • NSE Symbol
  • SRF
  • BSE Symbol
  • 503806
  • Chairman & Managing Director
  • Mr. Ashish Bharat Ram
  • ISIN
  • INE647A01010

SRF FAQs

SRF share price is ₹2,299 As on 05 November, 2024 | 18:52

The Market Cap of SRF is ₹68152.5 Cr As on 05 November, 2024 | 18:52

The P/E ratio of SRF is 60.4 As on 05 November, 2024 | 18:52

The PB ratio of SRF is 6 As on 05 November, 2024 | 18:52

SRF Ltd recorded net sales worth Rs. 13,629 crores and net profit worth Rs. 2102 crores in the year ending March 2022.

The Russia-Ukraine conflict witnessed the demand for specialty chemicals shifting to India. As per analysts, Indian companies are in a good positioned to take advantage of this situation. Investors looking at long-term investments might look at generating high returns later owing to the increase in exports for this particular sector. 

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