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73% Buy

SRF Share Price

SRF

₹2,523.95-₹6.00 (-0.24%) Past YearLast updated on 19 Apr, 2024 | 03:29 PM IST
₹2,480.00₹2,553.15
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Company overview

About

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Market cap

Market Cap Switch₹74,967 Cr

Open

₹2,495.00

Close

₹2,529.95

Circuit range

₹2,782.90 - ₹2,276.95

Day range

₹2,480.00 - ₹2,553.15

Year range

₹2,040.00 - ₹2,687.50

Volume

2,80,298

Avg. traded

₹2,518.44

Revenue (12m)

₹13,347 Cr

SRF

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.

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SRF Key indicators

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52 week high

₹2,687.50

52 week low

₹2,040.00

P/E ratio

50.79

P/B ratio

6.75

ROE

24%

ROCE

24.96%

Dividend yield

0.28%

Debt/Equity ratio

0.33

EPS

68.26

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

73%

Hold

19%

Sell

8%

This analysis is based on the reviews of 26 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

26.91%

Net profit margin

16.5%

ROE

24%

ROA

14.2%

ROCE

24.96%

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SRF Shareholder returns

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1 day

-0.04%

1 week

-4.40%

1 month

+3.95%

3 months

+9.53%

1 year

+2.37%

3 years

+102.78%

5 years

+415.54%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

SRF Share Price history

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DayOpenCloseDay’s change
Fri, Apr 19 2024
₹2,495.00
₹2,529.05
+1.35%
Thu, Apr 18 2024
₹2,537.90
₹2,529.95
-0.31%
Tue, Apr 16 2024
₹2,532.20
₹2,518.25
-0.55%
Mon, Apr 15 2024
₹2,580.00
₹2,557.35
-0.89%
Fri, Apr 12 2024
₹2,645.00
₹2,632.30
-0.48%
Wed, Apr 10 2024
₹2,586.00
₹2,645.55
+2.25%
Tue, Apr 9 2024
₹2,623.90
₹2,592.95
-1.19%
Mon, Apr 8 2024
₹2,600.00
₹2,607.20
+0.28%

Shareholding info

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Promoters (50.53%)

Mutual Funds (7.81%)

Retail and other (15.36%)

Foreign institutions-FII (19.57%)

Other domestic institutions (6.74%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3.6/share

    Ex date 07 Feb 2024

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  • Dividend • ₹3.6/share

    Ex date 01 Aug 2023

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  • Dividend • ₹3.6/share

    Ex date 07 Feb 2023

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  • Dividend • ₹3.6/share

    Ex date 28 Jul 2022

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  • Dividend • ₹4.75/share

    Ex date 03 Feb 2022

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  • Bonus • 4:1

    Ex date 13 Oct 2021

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Frequently asked questions