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    3. Srf Share Price

    Srf Share PriceSRF

    Large Cap 11.5k Result
    ₹2351.6
    -7.8 (-0.33%)
    As on 28 November, 2023 | 21:27 BSE: 503806 NSE: SRFISIN: INE647A01010
    Bonus

    Srf Performance

    Day Range

    • Low 2331.4
    • High 2365
    2351.6

    52 Week Range

    • Low 2040
    • High 2636
    2351.6
    • Open Price2365
    • Previous Close2359.4
    • Volume262258

    Start SIP in SRF

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    Srf Share Price

    • Over 1 Month 8.11%
    • Over 3 Month 1.72%
    • Over 6 Month -6.51%
    • Over 1 Year 1.12%

    Srf Key Statistics

    P/E Ratio 40.2
    PEG Ratio -1.9
    Market Cap Cr 69,707
    Price to Book Ratio 6.8
    EPS 68.1
    Dividend 0.3
    Relative Strength Index 57.66
    Money Flow Index 64.93
    MACD Signal 24.38
    Average True Range 38.23

    Srf F&O

    Srf Futures
    Srf Option Chain

    Srf Investment Rating

    • Master Rating:

    • SRF Ltd (Nse) has an operating revenue of Rs. 13,763.49 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 19% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 22%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 3% and 1% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 17% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 62 which is a FAIR score but needs to improve its earnings, a RS Rating of 25 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 148 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 mediocre earnings and technical strength, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    SRF Financials
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 2,5872,7743,0862,8572,9013,0622,754
    Operating Expenses Qtr Cr 2,0132,1222,2442,0902,2852,2612,004
    Operating Profit Qtr Cr 574651899767687842794
    Depreciation Qtr Cr 133129126122115105106
    Interest Qtr Cr 63535752412728
    Tax Qtr Cr 107126169113133218170
    Net Profit Qtr Cr 309365581495439508500
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 12,18010,089
    Operating Expenses Annual Cr 8,8807,420
    Operating Profit Annual in Cr 3,1942,533
    Depreciation Cr 468419
    Interest Annual Cr 17694
    Tax Annual Cr 633648
    Net Profit Annual Cr 2,0231,507
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 2,7881,638
    Cash from Investing Activity Annual Cr -2,328-1,280
    Cash from Financing Annual Activity Cr -252-125
    Net Cash Flow Annual Cr 208233
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 9,2547,625
    Fixed Assets Annual Cr 9,8037,731
    Total Non Current Assets Annual Cr 10,5488,603
    Total Current Assets Annual Cr 5,0034,335
    Total Assets Annual Cr 15,55112,938
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 311256
    ROE Annual % 2220
    ROCE Annual % 2323
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2727
    IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 3,1773,3383,7193,4703,7283,8523,505
    Operating Expenses Qtr Cr 2,5512,6422,8462,6362,9592,9002,601
    Operating Profit Qtr Cr 626696932834769995948
    Depreciation Qtr Cr 161157155151139131132
    Interest Qtr Cr 79666662443336
    Tax Qtr Cr 114126171120137234182
    Net Profit Qtr Cr 301359562511481608606
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 14,94512,549
    Operating Expenses Annual Cr 11,3419,330
    Operating Profit Annual in Cr 3,5293,103
    Depreciation Cr 575517
    Interest Annual Cr 205116
    Tax Annual Cr 662697
    Net Profit Annual Cr 2,1621,889
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 2,9022,106
    Cash from Investing Activity Annual Cr -2,961-1,588
    Cash from Financing Annual Activity Cr 220-207
    Net Cash Flow Annual Cr 160311
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 10,3278,565
    Fixed Assets Annual Cr 12,45510,097
    Total Non Current Assets Annual Cr 12,98010,522
    Total Current Assets Annual Cr 5,7755,254
    Total Assets Annual Cr 18,75515,777
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 347288
    ROE Annual % 2122
    ROCE Annual % 2224
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2426
    Invest in Srf

    Srf Technicals

    EMA & SMA

    Current Price
    ₹2351.6
    -7.8 (-0.33%)
    pointer
    • Bullish Moving Average
    • ___
    • 15
    • Bearish Moving Average
    • ___
    • 1
    • 20 Day
    • ₹2323.61
    • 50 Day
    • ₹2301.14
    • 100 Day
    • ₹2306.02
    • 200 Day
    • ₹2320.28
    • 20 Day
    • ₹2321.89
    • 50 Day
    • ₹2279.17
    • 100 Day
    • ₹2281.21
    • 200 Day
    • ₹2336.07

    Srf Resistance and Support

    PIVOT
    ₹2349.34
    Resistance
    First Resistance ₹2367.27
    Second Resistance ₹2382.94
    Third Resistance ₹2400.87
    RSI 57.66
    MFI 64.94
    MACD Single Line 24.38
    MACD 25.89
    Support
    First Resistance ₹2333.67
    Second Resistance ₹2315.74
    Third Resistance ₹2300.07

    Srf Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 277,423 14,245,671 51.35
    Week 207,194 9,199,425 44.4
    1 Month 253,350 12,713,105 50.18
    6 Month 537,437 30,332,935 56.44

    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. 12073.84 Cr. and Equity Capital is Rs. 297.44 Cr. for the Year ended 31/03/2023. 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 69,363
    Sales 11,360
    Shares in Float 14.52
    No of funds 621
    Yield 0.31
    Book Value 7.58
    U/D Vol ratio 0.9
    LTDebt / Equity 19
    Alpha -0.02
    Beta 0.99

    SRF

    Owner NameSep-23Jun-23Mar-23Dec-22
    Promoters 50.53%50.53%50.53%50.53%
    Mutual Funds 7.39%7.29%8.41%9.26%
    Insurance Companies 5.22%5.03%5.11%4.42%
    Foreign Portfolio Investors 0.02%0.02%0.02%18.31%
    Financial Institutions/ Banks 0.15%0.13%0.13%0.15%
    Individual Investors 11.47%11.59%11.88%12.19%
    Others 25.22%25.41%23.92%5.14%

    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
    2023-10-27 Quarterly Results
    2023-07-24 Quarterly Results & Interim Dividend
    2023-05-09 Audited Results & Final Dividend
    2023-01-30 Quarterly Results & Interim Dividend
    2022-11-03 Quarterly Results
    Date Purpose Remarks
    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
    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
    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)
    HDFC Balanced Advantage Fund Growth 63981
    Kotak Flexicap Fund Growth 39269
    Mirae Asset Large Cap Fund Regular Growth 34377
    Kotak Emerging Equity Scheme Growth 33700
    Axis Bluechip Fund Growth 30734

    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.

    SRF FAQs

    What is Share Price of SRF ?

    SRF share price is ₹2351 As on 28 November, 2023 | 21:13

    What is the Market Cap of SRF ?

    The Market Cap of SRF is ₹69707.3 Cr As on 28 November, 2023 | 21:13

    What is the P/E ratio of SRF ?

    The P/E ratio of SRF is 40.2 As on 28 November, 2023 | 21:13

    What is the PB ratio of SRF ?

    The PB ratio of SRF is 6.8 As on 28 November, 2023 | 21:13

    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.

    Q2FY23

    More Information

    CIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no. 16V, Plot no. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604

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