38% Sell
SRF Share Price
SRF
SRF Share Price Chart
About SRF
SRF Financials
Market cap ₹68,021 Crs | Open ₹2,290.00 | Close ₹2,294.70 |
Circuit range ₹2,524.15 - ₹2,065.25 | Day range ₹2,257.80 - ₹2,318.15 | Year range ₹2,089.10 - ₹2,693.95 |
Volume 3,93,791 | Avg. traded ₹2,286.31 | Revenue (12m) ₹13,511 Crs |
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.
Financial highlights
The company’s revenue from operations for FY23 stood at ₹14,870.25 crore, up 16.3% from ₹12,433.66 crore in FY22. Its profit after tax increased 14.5% to ₹2,162.34 crore in FY23 from ₹1,888.92 crore in FY22. In FY23, EBITDA stood at ₹3,708 crore, reflecting a growth of 17.86% from the previous year. The company's earnings per share (EPS) stood at ₹72.95 in FY23 compared to ₹63.75 in the previous financial year.
Srf Key indicators
52 week high ₹2,693.95 | 52 week low ₹2,089.10 | P/E ratio 60.24 |
P/B ratio 5.67 | ROE 13.93% | ROCE 14.79% |
Dividend yield 0.31% | Debt/Equity ratio 0.34 | EPS 46.35 |
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Analyst ratings:
Sell
Analyst ratings:
Sell35%
Hold
27%
Sell
38%
This analysis is based on the reviews of 26 experts in the last 7 days
SRF Fundamentals
SRF Financial Ratios
Operating profit margin22.7% | Net profit margin12.43% |
ROE13.93% | ROA8.35% |
ROCE14.79% |
Quick ratio0.76 | Current ratio1.23 |
Interest coverage8.29 | Asset turnover0.67 |
Debt to Equity0.34 |
P/E ratio60.24 | P/B ratio5.67 |
EV / EBITDA31.5 | |
Dividend yield0.31% |
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Revenue statement
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Cash flow
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Balance sheet
All values are in ₹ Crores (Cr)Total assets
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Srf Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Dec 6 2024 | ₹2,319.95 | ₹2,294.70 | -1.08% |
Thu, Dec 5 2024 | ₹2,325.05 | ₹2,319.75 | -0.60% |
Wed, Dec 4 2024 | ₹2,311.30 | ₹2,333.70 | |
Tue, Dec 3 2024 | ₹2,297.00 | ₹2,311.25 | |
Mon, Dec 2 2024 | ₹2,264.95 | ₹2,296.95 | |
Fri, Nov 29 2024 | ₹2,265.00 | ₹2,265.00 | |
Thu, Nov 28 2024 | ₹2,299.30 | ₹2,262.40 | -1.49% |
Wed, Nov 27 2024 | ₹2,250.30 | ₹2,296.60 |
Events
Corporate actions
Dividend • ₹3.6/share
Ex date 31 Jul 2024
Dividend • ₹3.6/share
Ex date 07 Feb 2024
Dividend • ₹3.6/share
Ex date 01 Aug 2023
Dividend • ₹3.6/share
Ex date 07 Feb 2023
Dividend • ₹3.6/share
Ex date 28 Jul 2022
Dividend • ₹4.75/share
Ex date 03 Feb 2022
Bonus • 4:1
Ex date 13 Oct 2021
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SRF Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
SRF 2300 CE 26 DEC 24 | ₹59.55 | |
SRF 2300 PE 26 DEC 24 | ₹39.10 | -₹4.75 (-10.83%) |
SRF 2260 PE 26 DEC 24 | ₹24.45 | -₹3.95 (-13.91%) |
SRF 2400 CE 26 DEC 24 | ₹19.85 |