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SRF Ltd share Price Today

Company details

2,331.05
2,410.00
2,040.00
2,693.95
6M Return 2.08%
1Y Return 7.08%
Mkt Cap.(Cr) 69,440.52
Volume 611,272
Div Yield 0.31%
OI
-
OI Chg %
-
Volume 611,272

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Chemicals business continues to drive numbers, optimism…
About The Stock

    Incorporated in 1970, SRF started with nylon cord tyre and, thereafter, diversified into refrigerant gases, speciality chemicals and packaging film among others.

    • Chemicals (specialty + fluorochemicals) form 50% of overall revenues followed by packaging film (35%), technical textile (13%) and others (2%)
    • The company exports to more than 90+ countries. Revenue from the international market constitutes 57% of overall revenues while the rest is from the domestic market segment
Q4FY23 Results

    Reported a decent performance in Q4FY23 largely led by specialty chemicals segment.

    • Reported revenue growth was 6.1% YoY to ₹ 3,719.3 crore, led by chemicals (up 34% YoY) but pulled down by technical textile (down 13% YoY), packaging film (down 17% YoY) and other segment (down 1% YoY)
    • Gross margins declined 311 bps YoY to 50% while EBITDA margin declined 205 bps YoY to 24.7%. Absolute EBITDA was down 2% YoY to ₹ 931.6 crore
    • PAT declined 7% YoY to ₹ 562.5 crore

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Research view on more stocks

Speciality Chemicals company SRF announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The consolidated revenue of the company declined 6% from Rs 3,778 crore to Rs 3,570 crore in Q4FY24 when compared with Corresponding Period Last Year (CPLY).
  • The company’s Earnings before Interest and Tax (EBIT) decreased 27% from Rs 840 crore to Rs 616 crore in Q4FY24 when compared with Corresponding Period Last Year (CPLY).
  • The company’s Profit after Tax (PAT) decreased 25% from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with Corresponding Period Last Year (CPLY).
  • The Chemicals Business reported a decline of 14% in its segment revenue from Rs 2,102 crore to Rs 1,816 crore during Q4FY24 over Corresponding Period Last Year (CPLY).
  • The operating profit of the Chemicals Business decreased 33% from Rs 739 crore to Rs 498 crore in Q4FY24 over Corresponding Period Last Year (CPLY).
  • The Packaging Films Business reported an increase of 3% in its segment revenue from Rs 1,153 crore to Rs 1,182 crore during Q4FY24 when compared with Corresponding Period Last Year (CPLY).
  • The operating profit of the Packaging Films Business decreased 19% from Rs 41 crore to Rs 33 crore in Q4FY24 over Corresponding Period Last Year (CPLY).
  • The Technical Textiles Business reported an increase of 9% in its segment revenue from Rs 431 crore to Rs 469 crore during Q4FY24 over Corresponding Period Last Year (CPLY).
  • The operating profit of the Technical Textiles Business increased 44% from Rs 48 crore to Rs 70 crore in Q4FY24 over Corresponding Period Last Year (CPLY).
  • The Other Businesses reported an increase of 13% in its segment revenue from Rs 94 crore to Rs 106 crore in Q4FY24 when compared with Corresponding Period Last Year (CPLY).
  • The operating profit of the Other Businesses increased 37% from Rs 11 crore to Rs 16 crore in Q4FY24 over Corresponding Period Last Year (CPLY).

FY24 Financial Highlights:

  • In FY24, SRF’s revenue decreased 12% from Rs 14,870 crore to Rs 13,139 crore over Corresponding Period Last Year (CPLY).
  • The company’s EBIT decreased 31% from Rs 3,193 crore to Rs 2,201 crore over Corresponding Period Last Year (CPLY).
  • The company’s PAT decreased 38% from Rs 2,162 crore to Rs 1,336 crore over Corresponding Period Last Year (CPLY).

Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, “While the general performance has been weak, we have seen a reasonable recovery in our Chemicals Business in the fourth quarter, as we had envisaged. We believe that this recovery will pick up pace in the second half of FY25.”

Result PDF

View Other Company Results

SRF Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (9)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (4)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,391.4
R2 2,440.2
R3 2,470.3
Pivot

2,361.22

S1 2,312.4
S2 2,282.3
S3 2,233.5
EMA SMA
2,389.8
2,391.3
2,396.8
2,388.1
2,403.8
2,345.2
2,428.4
2,379.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 2388.7 242659 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 2388.7 242659 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 2547.9 242660 NSE
Name Category Shares
KAMA HOLDINGS LIMITED PROMOTER 50.21%

OUR RESEARCH VIEW

Investment recommendation
Chemicals business continues to drive numbers, optimism…
Call Date
12 May 2023
Entry Price 2,570.00
Target Price 3,000.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

SRF Ltd Stocks COMPARISON

Financials( in Cr) SRF Ltd Pidilite Industries Ltd Linde India Ltd Deepak Nitrite Ltd Gujarat Fluorochemicals Ltd
Price 2,342.60 3,134.75 8,144.40 2,792.75 3,254.70
% Change -2.39 -0.85 -6.18 2.49 1.07
Mcap Cr 69,440.52 159,436.21 69,458.70 38,091.16 35,752.88
Revenue TTM Cr 13,138.52 12,382.99 2,768.67 7,681.83 5,684.66
Net Profit TTM Cr 1,335.71 1,747.42 434.09 810.89 1,323.05
PE TTM 52.10 89.41 161.56 52.08 82.18
1 Year Return 7.08 20.76 89.11 40.56 16.77
ROCE 12.52 29.30 17.04 21.56 29.38
ROE 12.25 22.37 13.14 16.38 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 11,479.02 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 8,966.39 43,368.34
LAST 3M 95,004.73 53,796.44
LAST 6M 180,925.58 53,280.31
LAST 12M 306,939.06 86,273.69
NSE Board Meetings Forthcomming

Jul 23, 2024 l NSE Board Meetings Forthcomming

SRF Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jul 19, 2024 l NSE Announcement

SRF Limited - Board Meeting

Jul 18, 2024 l NSE Announcement

Date Action Type Ratio
Feb 07, 2024 Dividend 36
Aug 01, 2023 Dividend 36
Feb 07, 2023 Dividend 36

SRF Ltd Information

Stock PE (TTM)
52.1
Promoter Holding
50.26%
Book Value
387.2147
ROCE
12.52%
ROE
12.25%
Description
  • 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. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Unit No 236 & 237 2nd Flr, Mayur Place Mayur Vihar Ph-I, New Delhi, New Delhi, 110091

Tel : 91-11-4948 2870
Email : ekta.maheshwari:srf.com
Website : http://www.srf.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 503806
NSE Code : SRF
Book Closure Date (Month) :
BSE Group : A
ISIN : INE647A01010

FAQ’s on SRF Ltd Shares

You can buy SRF Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy SRF Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 19, 2024 03:57 PM the closing price of SRF Ltd was Rs.2,342.60.

The latest PE ratio of SRF Ltd as of Jul 19, 2024 03:57 PM is 52.10

The latest PB ratio of SRF Ltd as of Jul 19, 2024 03:57 PM is 0.17

The 52-week high of SRF Ltd share price is Rs. 2,693.95 while the 52-week low is Rs. 2,040.00

According to analyst recommendations, SRF Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 19, 2024 03:57 PM, the market cap of SRF Ltd stood at Rs. 69,440.52 Cr.

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