NSE: SRF | BSE: 503806

Mid-range Performer

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2996.90 24.20 (0.81%)

40.91% Gain from 52W Low

165.3K NSE+BSE Volume

NSE 09 Oct, 2025 3:54 PM (IST)

88,835.5

Market Cap

Market Runner Up

0.9

Beta 1Year

Low volatility

SRF Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SRF, BSE:503806 SRF Ltd.

SRF Ltd.

26 Oct 2021

2996.90

0.81%

Better show in India/Brazil offset by weak US sales

Neutral: SRF Ltd.

Motilal Oswal

SRF reported a weak 2QFY22 performance on the back of a margin contraction in the Packaging Film segment. However, the Chemicals and Technical Textiles segments maintained their growth momentum. Factoring in its 2QFY22 performance and lowering our EBIT margin estimate...

SRF Ltd. has gained 28.71% in the last 1 Year

SRF Ltd.

30 Jul 2021

2996.90

0.81%

Beat on estimates led by Technical Textiles

Neutral: SRF Ltd.

Target

Motilal Oswal

Beat on estimates led by Technical Textiles Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for...

Number of FII/FPI investors increased from 643 to 670 in Jun 2025 qtr.

SRF Ltd.

29 Jul 2021

2996.90

0.81%

SRF Ltd. | Q1FY22 Result Update

Buy: SRF Ltd.

Target

Edelweiss

Strongest-ever quarter, outlook encouraging

Prabhudas Lilladhar decreased Hold price target of SRF Ltd. to 2947.0 on 29 Sep, 2025.

SRF Ltd.

09 May 2021, 12:00AM

2996.90

0.81%

SRF Ltd. | Q4FY21 Result Update

Buy: SRF Ltd.

Target

Edelweiss

Strong capex pipeline to capture next leg of growth

SRF Ltd. is trading below its 100 day SMA of 3008.8

SRF Ltd.

06 May 2021

2996.90

0.81%

Robust performance continues

Neutral: SRF Ltd.

Recommendation Target

Motilal Oswal

SRF's 4QFY21 operating performance was robust on the back of margin expansion across segments (on a YoY basis). On a QoQ basis, EBIT margins have further moderated (-420bp QoQ) in the Packaging segment. SRF's performance over the last three years has been robust, with an earnings CAGR of 42% and stock price CAGR of ~34%. On the other hand, we expect the earnings momentum to slow to a 21% CAGR over FY2123, primarily due to a) margin contraction in the Packaging...

SRF Ltd. is trading above its 200 day SMA of 2888.9

SRF Ltd.

24 Jan 2021

2996.90

0.81%

SRF Ltd - Q3FY21 Result Update

Buy: SRF Ltd.

Target

Edelweiss

SRF maintained its strong run-rate during Q3FY21, posting results in line with our estimates.

Number of FII/FPI investors increased from 643 to 670 in Jun 2025 qtr.

SRF Ltd.

05 Nov 2020

2996.90

0.81%

SRF

Buy: SRF Ltd.

Target

Dolat Capital

EBITDA, consequently saw a strong growth of 73.6% YoY to Rs 5.82bn (D.est: Rs 4.17bn) led by gross margin expansion and low Opex (up 1.4% YoY to Rs 2.23bn). Power and Fuel/Employee costs were at a...

SRF Ltd. is trading above its 200 day SMA of 2888.9

SRF Ltd.

11 Sep 2020

2996.90

0.81%

SRF

Buy: SRF Ltd.

Sharekhan

SRF Limited (SRF) posted robust Q2FY2021 result with better-than-expected revenue growth of 21% y-o-y (versus our estimate of 6%) to Rs. 2,101 core and sharp 641 bps beat in EBITDA margin at 28.2% (expectation of 21.8%). Chemical/packaging film business reported higher-than-expected revenue growth of 30%/26% y-o-y to Rs. 881 crore/Rs833 crore. Packaging EBIT margin was up 995 bps y-o-y to 29.6% and chemical EBIT margin stood at 19.8% (up 50 bps y-o-y; 724 bps q-o-q). The company is upbeat on strong growth in the specialty chemical business and has guided for...

Prabhudas Lilladhar decreased Hold price target of SRF Ltd. to 2947.0 on 29 Sep, 2025.

SRF Ltd.

03 Sep 2020

2996.90

0.81%

Investing heavily in Chemicals; Returns to accrue going forward

Buy: SRF Ltd.

Target

Motilal Oswal

3 September 2020 Over FY11-20, SRFs cumulative capex stood at INR84b with the company delivering revenue of 11% CAGR to INR72b. Of the total capex incurred over the last 10 years, 57% has been deployed toward Chemicals, resulting in 16% revenue CAGR to INR29.8b. Over the last 10 years, incremental revenue/EBITDA stood at INR47.1b/INR8.4b while the company incurred capex of INR56.4b over FY11- 18 (assuming lag effect of 2 years due to monetization i.e. capex of 8 years is considered for calculating ratios). Thus, translating into incremental revenue/EBITDA to capex of 0.83x/0.15x. Over the last 5 years, SRF has incurred capex of INR53b constituting 63% of the capex incurred over the last decade. Thus, capex intensity has increased in the last 5 years. Average asset turnover/fixed asset turnover for the last 10 years stood at 0.

SRF Ltd. is trading below its 100 day SMA of 3008.8

SRF Ltd.

01 Aug 2020

2996.90

0.81%

Packaging business drives performance for another quarter

Buy: SRF Ltd.

Target

Motilal Oswal

However, the COVID-19 pandemic and Auto sector slowdown impacted Technical Textiles and Refrigerant segments. Factoring in the estimate beat, we have increased FY21/FY22E earnings by 1QFY21 revenue declined 12% YoY to INR15.5b (v/s est. Significant impact in white goods and automobile revenue declined 3% YoY to INR6.8b with margin expansion of 11.8pp YoY to 32.6% (EBIT grew 52% YoY). Margin expansion was due to higher spreads, led by supply-demand mismatch and higher share of value- added products, resulting in higher value realizations across revenue plunged 63% YoY to INR1.4b due to significant slowdown in demand from tyre majors. SRF already has 95kMT capacity, which is Performance in 1QFY21 was impacted due to the COVID-19 pandemic and auto slowdown. While sluggishness in autos dented performance of the Technical Textiles business, the slowdown in white goods/auto impacted the Refrigerants However, strong margin expansion was witnessed in Packaging Film segment due to demand-supply mismatch and higher share of value-added products.

SRF Ltd. is trading above its 200 day SMA of 2888.9

Is SRF Ltd. worth buying?

424 Votes:

Buy 74.76%

Sell 15.57%

Hold 9.67%

RESEARCH REPORTS

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