SRF Limited (Shri Ram Fibres Limited) is one of the largest diversified conglomerates catering to refrigerants and chemicals sectors. The company has diversified into engineering plastics, industrial yarns, polyester films and fluorospecialities.
Shri Ram Fibres was established in 1970 and it was renamed as SRF Limited. It was initially focused on producing nylon tyre cord fabrics. In 1974, it established its first tyre cord fabrics plant in Manali, near Chennai. Three years later, in 1977, the company started the production of fishnet twines at its Manali plant. Over the years, the company ventured into different segments.
SRF Limited specialises in the production of industrial and speciality intermediates. Known for its R&D expertise, particularly in chemicals domains, the company holds a dominant position in various sectors in India.
The market capitalisation of SRF Limited stood at over ₹71,000 crore as of December 21, 2023. SRF share price has gained more than 127% in three years.
Business operations
SRF Limited has a global footprint with operations across Thailand, South Africa and Hungary. The company has a presence in more than 86 countries. SRF’s primary business segments include the chemicals, packaging films and technical textiles business (TTB).
Chemical business:
This division handles fluorochemicals and fluorospecialties, exporting a significant portion of its refrigerant gas production to international markets.
Packaging films business:
Focused on producing PET films, these are extensively used in packaging for food, cosmetics, personal care, and healthcare products.
Industrial yarn:
Holding a dominant market share of over 50% in multifilament twine, the company serves major fishnet manufacturers across India.
Engineering plastics:
The company manufactures polyamide 6 and polyamide 66 engineering plastic, which are marketed under the brand names Tufnyl and Tufbet. These products are used in automotive, electrical, telecom, engineering, electronics and industrial sectors.
Business operations
In 1986, the company established its coated fabrics business and also launched SRF Finance, a wholly-owned subsidiary. Three years later, in 1989, SRF ventured into the fluorochemicals industry by starting refrigerant production at its Bhiwadi facility in Rajasthan.
The company underwent a transformation in 1990 when Shri Ram Fibres was rebranded as SRF. In 1995, SRF started the packaging films business by acquiring a BOPET film plant in Kashipur, India, from M/s Flowmore. This expansion continued with the acquisition of CEAT Ltd.'s nylon tyre cord division in Malanpur near Gwalior in 1995.
SRF went global in 1996 with its first international plant, SRF Overseas Limited, established in the Jebel AN Free Trade Zone, Dubai.
By 1997, the company sold its stake in SRF Finance to GE Capital (Mauritius) Investment Ltd, a subsidiary of GE Capital, the world's largest finance company.
The company started a new packaging films manufacturing facility in Indore in 2004. It expanded its portfolio by starting the commercial production of polyester industrial yarn in May 2009, with a capacity of 14,500 metric tonnes per annum. In 2012, SRF established its Dahej facility in Gujarat, sprawled over 293 acres. This facility is SRF's largest manufacturing unit to date. 2018 saw the closure of SRF Industex Belting (Pty) Limited, the South African subsidiary, due to operational viability concerns.
SRF ventured into Europe in 2020 with its bi-axially oriented polyethylene terephthalate (BOPET) film manufacturing facility in Hungary. In 2022, SRF Altech Limited was incorporated as a wholly-owned subsidiary, focusing on the manufacturing of aluminium foil.
SRF Financial Highlights
- Revenue: SRF reported revenue of ₹15,893.57 crore in FY26 vs ₹14,825.79 crore in FY25. It showed an increase of 7.20% on a yearly basis.
- Operating Profit: SRF reported an operating profit of ₹2,301.64 crore in FY26 vs ₹1,703.70 crore in FY25. It showed an increase of 35.10% on a year-on-year basis.
- Net Profit: SRF reported a net profit of ₹1,835.18 crore in FY26 vs ₹1,250.78 crore in FY25. It showed an increase of 46.72% on a yearly basis.
SRF Quarterly Result Highlights
- SRF reported revenue of ₹5,067.17 crore in Jun 2026, compared with ₹4,640.07 crore in Mar 2026, representing an increase of 9.20% on a quarter-on-quarter (QoQ) basis.
- SRF reported an operating profit of ₹979.15 crore in Jun 2026, compared with ₹757.10 crore in Mar 2026, representing an increase of 29.33% on a quarter-on-quarter (QoQ) basis.
- SRF reported a profit of ₹758.87 crore in Jun 2026, compared with ₹582.02 crore in Mar 2026, reflecting an increase of 30.39% on a QoQ basis.
- The earnings per share (EPS) of SRF stood at ₹61.91 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
