SRF Ltd., incorporated in 1970, is an Indian chemical-based multi-business conglomerate. It manufactures industrial and speciality intermediates. The company’s headquarters are in New Delhi. For the quarter ended June 2022, SRF Ltd. recorded a total income of Rs 3,904.57 crore, up 9.78% from the total income of Rs 3,556.65 crore for the quarter ended March 2022. On 19 August 2022, the company’s market capitalisation stood at Rs 72,775 crore.
The company’s Bombay Stock Exchange listing code is 503806 and the National Stock Exchange listing code is SRF.
SRF Ltd.’s first plant was established in Manali, near Chennai, in 1974. As of 2022, it has grown into a leading, professionally-managed, diversified chemicals conglomerate from a single-unit tyre manufacturer. The company’s business verticals include packaging films, coated fabrics, laminated fabrics, fluorochemicals, technical textiles, and speciality chemicals. The products and solutions are sold globally for varied applications in automotive, food packaging, tyres, air conditioners, cricket grounds, and other industries. During FY 2021-2022, SRF Ltd. generated a total revenue of Rs 12,549.17 crore. The company’s revenue growth of 48.22% outperformed its three-year CAGR of 20.52%.
On 30 June 2022, the company’s shareholding pattern showed a public stake of 20.69%, foreign institutional investor stake of 19.21%, domestic institutional investor stake of 9.36%, and promoter stake of 50.73%. The entire promoter share belongs to Kama Holdings Ltd. The promoter share remained unchanged since December 2021. In the June 2022 quarter, FII decreased holdings from 19.60% to 19.21%.
The company’s top management comprises Mr Arun Bharat Ram, Ms Bharti Gupta Ramola, Mr Kartik Bharat Ram, MrVellayan Subbiah, Mr Raj Kumar Jain, Mr Ashish Bharat Ram, Mr Pramod G Gujarathi, Mr Yash Gupta, Mr Rahul Jain, MrTejpreet S Chopra, Mr Lakshman Lakshminarayan, and Mr Puneet Yadu Dalmia. Its auditors are BSR & Co. LLP.
On 19 August 2022, the company’s share price closed at Rs 2,457.30 on BSE. SRF Ltd.’s share price closed at Rs 2,455.10 on NSE. The 52-week high for SRF Ltd.’s share price was Rs 2,773.35, and the 52-week low for the company’s share price was Rs 1,743.01. SRF Ltd.’s one-year return to the investors was 36.80%.
The company’s peers in the chemicals sector include ITC Ltd., Grasim Industries Ltd., Reliance Industries Partly Paid Up, and Piramal Enterprises.
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