SRF

SRF Limited

Diversified chemicals and materials — fluorochemicals, specialty chemicals, packaging films

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

srf.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹2432.00
Market cap
72,093 Cr
Stock P/E
33.3
P/B
5.13
Dividend yield
0.4%
ROE (FY26)
13.1%
ROCE (FY26)
13.5%
Operating margin (FY26)
16.2%
Debt / equity (FY26)
0.36
OCF / EBITDA (FY26)
74.9%
OCF / EBITDA (3Y)
81.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

SRF is an Indian manufacturer of chemicals and industrial materials, making refrigerant gases and specialty chemicals, packaging films, technical textiles and coated fabrics.

Company snapshot

1stBy market cap

Ranked among 24 companies in Commodity Chemicals.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 42.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Chemicals Business (CB)
42.8%
1,496 Cr364 Cr11,010 Cr
Others
2.9%
101 Cr16 Cr191 Cr
Packaging Film Business (PFB)
39.7%
1,385 Cr90 Cr6,635 Cr
Technical Textiles Business (TTB)
14.6%
510 Cr59 Cr2,158 Cr

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,177 Cr3,053 Cr3,570 Cr3,464 Cr3,424 Cr3,491 Cr4,313 Cr3,819 Cr3,640 Cr3,713 Cr4,615 Cr5,033 Cr
Operating expenses (approx.)2,551 Cr2,487 Cr2,874 Cr2,861 Cr2,886 Cr2,872 Cr3,356 Cr2,989 Cr2,866 Cr2,933 Cr3,589 Cr3,797 Cr
EBITDA626 Cr566 Cr696 Cr603 Cr538 Cr620 Cr957 Cr830 Cr774 Cr780 Cr1,026 Cr1,237 Cr
OPM %19.7%18.5%19.5%17.4%15.7%17.7%22.2%21.7%21.3%21.0%22.2%24.6%
Other income29 Cr19 Cr23 Cr25 Cr33 Cr40 Cr34 Cr29 Cr26 Cr27 Cr25 Cr34 Cr
Interest79 Cr67 Cr90 Cr97 Cr94 Cr96 Cr89 Cr80 Cr71 Cr66 Cr62 Cr69 Cr
Depreciation161 Cr169 Cr186 Cr188 Cr194 Cr194 Cr195 Cr203 Cr212 Cr217 Cr220 Cr223 Cr
Profit before tax415 Cr348 Cr443 Cr344 Cr284 Cr369 Cr707 Cr576 Cr517 Cr452 Cr757 Cr979 Cr
Tax %27.5%27.2%4.8%26.7%29.0%26.5%25.6%24.9%24.9%4.2%23.1%22.5%
Net profit301 Cr253 Cr422 Cr252 Cr201 Cr271 Cr526 Cr432 Cr388 Cr433 Cr582 Cr759 Cr
EPS (₹)₹10.15₹8.55₹14.24₹8.51₹6.79₹9.15₹17.75₹14.58₹13.10₹14.60₹19.63₹25.60

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,137 Cr5,685 Cr7,693 Cr7,209 Cr8,400 Cr12,434 Cr14,870 Cr13,139 Cr14,693 Cr15,787 CrSign in free for the trailing twelve months
Operating expenses (approx.)4,167 Cr4,732 Cr6,337 Cr5,754 Cr6,255 Cr9,258 Cr11,341 Cr10,554 Cr11,975 Cr12,377 CrSign in free for the trailing twelve months
EBITDA969 Cr953 Cr1,355 Cr1,455 Cr2,145 Cr3,176 Cr3,529 Cr2,584 Cr2,718 Cr3,410 CrSign in free for the trailing twelve months
OPM %18.9%16.8%17.6%20.2%25.5%25.5%23.7%19.7%18.5%21.6%Sign in free for the trailing twelve months
Other income73 Cr69 Cr40 Cr49 Cr54 Cr43 Cr75 Cr83 Cr133 Cr107 CrSign in free for the trailing twelve months
Interest102 Cr124 Cr202 Cr201 Cr134 Cr116 Cr205 Cr302 Cr376 Cr278 CrSign in free for the trailing twelve months
Depreciation283 Cr316 Cr367 Cr389 Cr453 Cr517 Cr575 Cr673 Cr772 Cr852 CrSign in free for the trailing twelve months
Profit before tax657 Cr582 Cr827 Cr1,071 Cr1,610 Cr2,586 Cr2,824 Cr1,692 Cr1,704 Cr2,302 CrSign in free for the trailing twelve months
Tax %21.6%20.6%22.4%4.8%25.6%26.9%23.4%21.1%26.6%20.3%Sign in free for the trailing twelve months
Net profit515 Cr462 Cr642 Cr1,019 Cr1,198 Cr1,889 Cr2,162 Cr1,336 Cr1,251 Cr1,835 CrSign in free for the trailing twelve months
EPS (₹)₹89.69₹80.41₹111.66₹177.29₹205.54₹63.75₹72.95₹45.06₹42.40₹61.91Sign in free for the trailing twelve months
Dividend payout %————11.8%11.2%9.9%16.0%17.0%14.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital58 Cr58 Cr59 Cr59 Cr60 Cr297 Cr297 Cr297 Cr297 Cr297 Cr
Reserves3,124 Cr3,506 Cr4,071 Cr4,875 Cr6,796 Cr8,268 Cr10,030 Cr11,182 Cr12,329 Cr13,745 Cr
Borrowings1,977 Cr2,758 Cr3,289 Cr3,267 Cr2,931 Cr3,539 Cr4,354 Cr4,920 Cr4,641 Cr5,004 Cr
Other liabilities1,811 Cr2,040 Cr2,470 Cr2,676 Cr3,142 Cr3,672 Cr4,073 Cr4,083 Cr4,290 Cr5,100 Cr
Total liabilities6,971 Cr8,363 Cr9,888 Cr10,877 Cr12,929 Cr15,777 Cr18,755 Cr20,482 Cr21,557 Cr24,147 Cr
Fixed assets (net)4,319 Cr5,005 Cr5,496 Cr6,251 Cr7,714 Cr8,306 Cr9,935 Cr13,122 Cr13,607 Cr13,820 Cr
CWIP259 Cr559 Cr754 Cr1,393 Cr772 Cr1,672 Cr2,406 Cr805 Cr811 Cr1,889 Cr
Investments196 Cr122 Cr101 Cr203 Cr417 Cr321 Cr494 Cr527 Cr827 Cr687 Cr
Loans & advances——11 Cr25 Cr11 Cr9 Cr11 Cr13 Cr17 Cr18 Cr
Inventories838 Cr958 Cr1,225 Cr1,201 Cr1,466 Cr2,138 Cr2,274 Cr2,326 Cr2,349 Cr2,789 Cr
Trade receivables657 Cr681 Cr1,029 Cr891 Cr1,275 Cr1,792 Cr1,786 Cr1,943 Cr2,169 Cr2,562 Cr
Cash & bank88 Cr87 Cr190 Cr116 Cr138 Cr450 Cr608 Cr399 Cr334 Cr590 Cr
Other assets615 Cr952 Cr1,083 Cr796 Cr1,137 Cr1,088 Cr1,241 Cr1,346 Cr1,442 Cr1,791 Cr
Total assets6,971 Cr8,363 Cr9,888 Cr10,877 Cr12,929 Cr15,777 Cr18,755 Cr20,482 Cr21,557 Cr24,147 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity645 Cr700 Cr896 Cr1,304 Cr1,772 Cr2,106 Cr2,902 Cr2,094 Cr2,487 Cr2,554 Cr
Cash from investing-613 Cr-1,195 Cr-1,014 Cr-1,180 Cr-1,500 Cr-1,588 Cr-2,961 Cr-2,227 Cr-1,484 Cr-1,598 Cr
Cash from financing-284 Cr495 Cr246 Cr-199 Cr-251 Cr-207 Cr220 Cr-72 Cr-1,071 Cr-708 Cr
Net cash flow-252 Cr-0.62 Cr103 Cr-73 Cr22 Cr312 Cr158 Cr-209 Cr-65 Cr257 Cr
Free cash flow (OCF − Capex)-29 Cr-601 Cr-161 Cr-85 Cr557 Cr274 Cr36 Cr-123 Cr1,256 Cr738 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.7%11.2%13.9%15.5%17.8%22.3%20.6%12.2%12.0%13.5%
ROE %16.2%13.0%15.5%20.7%17.5%22.1%20.9%11.6%9.9%13.1%
Debtor days47444945555244545459
Inventory days128116102119132126116127113129
Days payable123126115110143124114120112119
Cash conversion cycle51333654445546615568
OCF / EBITDA %66.6%73.4%66.1%89.7%82.6%66.3%82.2%81.0%91.5%74.9%
OCF / EBITDA % (3 years)——68.4%77.1%80.2%76.5%76.6%76.4%84.7%81.9%
Debt / equity0.620.770.800.660.430.410.420.430.370.36
Current ratio1.030.970.990.871.101.181.171.031.131.10
Net debt / EBITDA1.95—2.292.171.300.971.061.751.581.29