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SRF

Large Cap BSE: 503806 NSE: SRF
₹2399.05
0.45 (0.02%)
  • Advice
  • Hold
As on 05 December, 2022 | 16:29
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Srf Performance

Day Range

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52 Week Range

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Srf Share Price

Share Returns Investment Rating Financials
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Technicals Resistance and Support Delivery and Volume Result Highlights Synopsis Corporate Action MF Shareholding Similar Stocks News FAQs

Srf Share Returns

  • Over 1 Month -5.41%
  • Over 3 Month -7.43%
  • Over 6 Month 0.96%
  • Over 1 Year 15.33%

Srf Key Statistics

P/E Ratio 32.3
PEG Ratio 0.7
Market Cap Cr 71,114
Price to Book Ratio 8.3
EPS 50.8
Dividend 0.3
Relative Strength Index 51.34
Money Flow Index 56.04
MACD Signal -51.37
Average True Range 58.76

Srf Investment Rating

  • Master Rating:

  • SRF Ltd (Nse) has an operating revenue of Rs. 14,517.79 Cr. on a trailing 12-month basis. An annual revenue growth of 48% is outstanding, Pre-tax margin of 21% is great, ROE of 22% is exceptional. 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 96 which is a GREAT score indicating consistency in earnings, a RS Rating of 41 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D which indicates heavy supply, Group Rank of 102 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

SRF Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 2,9013,0622,7542,6342,2912,2002,105
Operating Expenses Qtr Cr 2,2852,2612,0041,9381,7331,6751,591
Operating Profit Qtr Cr 687842794728559525532
Depreciation Qtr Cr 11510510610710510197
Interest Qtr Cr 41272824192319
Tax Qtr Cr 133218170210140129122
Net Profit Qtr Cr 439508500403312292311

Srf Technicals

EMA & SMA

Current Price
2410.
11.4 (0.48%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 2368.48
  • 50 Day
  • 2428.61
  • 100 Day
  • 2440.05
  • 200 Day
  • 2376.61
  • 20 Day
  • 2347.76
  • 50 Day
  • 2463.35
  • 100 Day
  • 2466.32
  • 200 Day
  • 2427.17

Srf Resistance and Support

PIVOT
₹2387.87
Resistance
First Resistance 2415.74
Second Resistance 2432.87
Third Resistance 2460.74
RSI 51.34
MFI 56.04
MACD Single Line -51.37
MACD -35.18
Support
First Resistance 2370.74
Second Resistance 2342.87
Third Resistance 2325.74

Srf Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 498,653 23,047,742 46.22
Week 595,193 28,789,495 48.37
1 Month 707,868 32,866,294 46.43
6 Month 701,453 27,083,103 38.61

Srf Result Highlights

SRF Synopsis

NSE-Chemicals-Specialty

Srf Ltd. is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs. 9953.44 Cr. and Equity Capital is Rs. 297.44 Cr. for the Year ended 31/03/2022. SRF Ltd. is a Public Limited Listed company incorporated on 09/01/1970 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L18101DL1970PLC005197 and registration number is 005197.
Market Cap 71,438
Sales 11,537
Shares in Float 14.52
No of funds 704
Yield 0.35
Book Value 9.36
U/D Vol ratio 0.5
LTDebt / Equity 16
Alpha 0.03
Beta 1.33

SRF

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 50.53%50.73%50.73%
Mutual Funds 9.21%9.18%8.53%
Insurance Companies 4.05%0.17%0.17%
Foreign Portfolio Investors 19.21%19.21%19.6%
Financial Institutions/ Banks 0.08%0.01%0.01%
Individual Investors 12.1%12.76%12.7%
Others 4.82%7.94%8.26%

SRF Management

Name Designation
Mr. Arun Bharat Ram Chairman Emeritus
Mr. Ashish Bharat Ram Chairman & Managing Director
Mr. Kartik Bharat Ram Joint Managing Director
Mr. Pramod G Gujarathi Director
Mr. Yash Gupta Independent Director
Mr. Raj Kumar Jain Independent Director
Mr. Lakshman Lakshminarayan Independent Director
Mr. Puneet Yadu Dalmia Independent Director
Mr. Tejpreet S Chopra Independent Director
Ms. Bharti Gupta Ramola Independent Director
Mr. Vellayan Subbiah Non Exe.Non Ind.Director

Srf Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Srf Corporate Action

Date Purpose Remarks
2022-11-03 Quarterly Results
2022-07-21 Quarterly Results & 1st Interim Dividend
2022-05-09 Audited Results & Final Dividend
2022-01-25 Quarterly Results & 2nd Interim Dividend
2021-10-25 Quarterly Results
Date Purpose Remarks
2022-07-29 INTERIM Rs.3.60 per share (36%)First Interim Dividend
2022-02-04 INTERIM Rs.4.75 per share(47.5%)Second Interim Dividend
2021-08-06 INTERIM Rs.12.00 per share(120%)First Interim Dividend
2021-02-01 INTERIM Rs.19.00 per share (190%) Second Interim Dividend
Date Purpose Remarks
2021-10-14 Bonus Rs.0.00 issue in the ratio of 4:1 of Rs. 10/-.

SRF MF Shareholding

Name Amount(cr)
SBI Equity Hybrid Fund Regular Payout Inc Dist cum Cap Wdrl 56730
HDFC Balanced Advantage Fund Growth 49709
Kotak Flexicap Fund Growth 37766
Axis Bluechip Fund Growth 36871
SBI Balanced Advantage Fund Regular Growth 23785

About Company

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.

SRF FAQs

What is Share Price of SRF ?

SRF share price is ₹2399 As on 05 December, 2022 | 16:15

What is the Market Cap of SRF ?

The Market Cap of SRF is ₹71113.8 Cr As on 05 December, 2022 | 16:15

What is the P/E ratio of SRF ?

The P/E ratio of SRF is 32.3 As on 05 December, 2022 | 16:15

What is the PB ratio of SRF ?

The PB ratio of SRF is 8.3 As on 05 December, 2022 | 16:15

What were the company's most recent reported sales and net income?

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

What is the future of the company's shares?

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. 

How to buy shares of SRF Ltd.?

The company's shares can be bought online or offline by opening a Demat account with 5Paisa and verifying the KYC documents.

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