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Srf Limited
(SRF)
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Rating:61Neutral
Price Target:
₹2,766.00
▲(3.94% Upside)
Action:Reiterated
Date:07/24/26
The score is driven primarily by healthy core financials (strong gross margins and manageable, improving leverage) but is held back by volatile free cash flow. Technicals are mixed with the stock trading below key moving averages, and valuation is a clear headwind given the high P/E and low dividend yield.
Positive Factors
Strong Gross Margins
Sustained gross margins near 45–49% indicate durable product-level economics and pricing power in specialty lines. High gross margins provide a structural buffer versus raw-material swings, support reinvestment in R&D/capacity, and underpin long-term EBITDA generation.
Negative Factors
Volatile Free Cash Flow
Material FCF volatility undermines predictability of shareholder returns and capital allocation. Erratic FCF signals variable capex or working-capital demands, which can constrain buybacks, dividends or debt reduction and raises execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margins
Sustained gross margins near 45–49% indicate durable product-level economics and pricing power in specialty lines. High gross margins provide a structural buffer versus raw-material swings, support reinvestment in R&D/capacity, and underpin long-term EBITDA generation.
Read all positive factors
Srf Limited (SRF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹777.33B
Dividend Yield0.34%
Average Volume (3M)7.10K
Price to Earnings (P/E)36.0
Beta (1Y)0.64
Revenue Growth12.98%
EPS Growth51.08%
CountryIN
Employees7,372
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)72.93
Shares Outstanding296,424,840
10 Day Avg. Volume7,851
30 Day Avg. Volume7,102
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)5.39
Price to Sales (P/S)4.91
P/FCF Ratio102.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,945.00Price Target Upside10.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)78.1
Revenue Forecast (FY)₹181.66B
Srf Limited Business Overview & Revenue Model
Company Description
SRF Limited is a diversified conglomerate that manufactures, sources, and distributes technical textiles, chemicals, packaging films, and other polymer products. The company operates through key segments: Technical Textiles, Chemicals, Packaging F...
How the Company Makes Money
SRF makes money primarily by manufacturing and selling products across its operating segments to business customers in India and international markets. A major revenue stream comes from chemicals, where it supplies specialty chemical intermediates...
Srf Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.18B | 154.16B | 146.93B | 131.39B | 148.70B | 124.34B |
| Gross Profit | 65.13B | 76.19B | 66.40B | 61.01B | 71.93B | 61.13B |
| EBITDA | 39.12B | 34.32B | 28.11B | 26.29B | 35.01B | 30.86B |
| Net Income | 21.62B | 18.35B | 12.51B | 13.36B | 21.62B | 18.89B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 241.47B | 215.57B | 204.82B | 187.55B | 157.77B |
| Cash, Cash Equivalents and Short-Term Investments | 12.39B | 11.74B | 10.58B | 8.14B | 11.04B | 7.87B |
| Total Debt | 0.00 | 50.83B | 47.26B | 50.31B | 44.78B | 36.55B |
| Total Liabilities | -140.43B | 101.04B | 89.31B | 90.03B | 84.27B | 72.11B |
| Stockholders Equity | 140.43B | 140.43B | 126.26B | 114.79B | 103.27B | 85.65B |
Cash Flow | ||||||
| Free Cash Flow | 1.82B | 7.38B | 12.56B | -1.23B | 359.60M | 2.74B |
| Operating Cash Flow | 10.61B | 25.54B | 24.87B | 20.94B | 29.02B | 21.06B |
| Investing Cash Flow | -5.57B | -15.98B | -14.84B | -22.27B | -29.61B | -15.88B |
| Financing Cash Flow | -6.49B | -7.08B | -10.71B | -717.00M | 2.20B | -2.07B |
Srf Limited Technical Analysis
Negative
2661.20
Price Trends
2726.27
Negative
2633.89
Negative
2766.85
Negative
Market Momentum
-33.83
Positive
41.32
Neutral
8.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SRF, the sentiment is Negative. The current price of 2661.2 is below the 20-day moving average (MA) of 2728.23, below the 50-day MA of 2726.27, and below the 200-day MA of 2766.85, indicating a bearish trend. The MACD of -33.83 indicates Positive momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 8.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SRF.
Srf Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹166.20B | 49.12 | ― | 0.37% | 0.51% | 2.12% | |
64 Neutral | ₹479.96B | 83.54 | ― | 0.08% | 5.47% | 5.31% | |
61 Neutral | ₹777.33B | 35.96 | ― | 0.34% | 12.98% | 51.08% | |
57 Neutral | ₹27.68B | -10.99 | ― | 0.92% | -34.19% | -193.48% | |
56 Neutral | ₹34.67B | 77.19 | ― | 0.58% | 2.91% | -78.51% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹177.57B | 33.39 | ― | 0.20% | 27.05% | 124.16% |
* General Sector Average
IN:SRF
Srf Limited
2,634.50
-395.84
-13.06%
IN:AARTIIND
AARTI Industries Ltd
486.60
104.02
27.19%
IN:FLUOROCHEM
Gujarat Fluorochemicals Ltd.
4,434.60
940.86
26.93%
IN:GRWRHITECH
Garware Hi-Tech Films Limited
7,188.30
3,855.30
115.67%
IN:JINDALPOLY
Jindal Poly Films Limited
625.85
74.68
13.55%
IN:POLYPLEX
Polyplex Corporation Limited
1,093.70
-54.83
-4.77%
Srf Limited Corporate Events
SRF Limited Declares First Interim Dividend for FY 2026-27
Jul 22, 2026
SRF Limited’s board has approved a first interim dividend for the 2026-27 financial year, setting the payout at 50 percent, or Rs. 5 per equity share, for its listed shareholders. The dividend will be distributed to investors whose holdings ...
SRF Limited Closes Trading Window Ahead of June-Quarter Results
Jul 1, 2026
SRF Limited has announced that its trading window for dealing in the company’s securities will be closed from 1 July 2026 until 48 hours after the announcement of its unaudited financial results for the quarter ended 30 June 2026, in line wi...
SRF Limited Publishes Notice for 55th AGM and E-Voting in Newspapers
Jun 8, 2026
SRF Limited has notified stock exchanges that it has published newspaper advertisements giving information about its fifty-fifth Annual General Meeting and related e-voting details in Financial Express and Jansatta. The company has also made these...
SRF schedules 55th AGM in virtual format, issues public notice
Jun 3, 2026
SRF Limited has notified shareholders that its 55th Annual General Meeting will be held on June 30, 2026 at 11:00 a.m. IST via video conferencing and other audio-visual means, in line with regulatory allowances for virtual meetings. The company ha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.