NSE: SRF | BSE: 503806

Strong Performer, Getting Expensive

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3044.00 -3.40 (-0.11%)

43.12% Gain from 52W Low

333.6K NSE+BSE Volume

NSE 14 Oct, 2025 3:48 PM (IST)

90,231.7

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.

13 Jun 2020, 12:00AM

3044.00

-0.11%

SRF Ltd. - Result Update - 13 June 2020

Not Rated: SRF Ltd.

Way2Wealth

SRF Ltd reported a topline de-growth of ~8% YoY to `18,578mn on the back of drop in its segments such as technical textiles and packaging solutions which declined 34% & 3% YoY in Q4FY20. Packaging solutions segment reported drop in revenues due to lower product prices whereas technical textiles revenues declined amid persisting weakness in the automobiles segment in Q4FY20. In FY20, topline grew to `72,094mn on the back of robust volume led growth in agrochemical revenues however partly offset by decline in technical textiles, weakness in refrigerants and slowdown in automobile sector. EBITDA grew by 1.2% to `3884mn on account of lower operating expenditure while...

SRF Ltd. is trading above all available SMAs

SRF Ltd.

07 Jun 2020

3044.00

-0.11%

SRF Ltd - Result Update Q4FY20

Buy: SRF Ltd.

Recommendation Target

Edelweiss

SRF's Q4FY20 earnings continued to reflect strong demand in its specialty chemicals business (SCB).

SRF Ltd. has gained 29.60% in the last 1 Year

SRF Ltd.

06 Jun 2020

3044.00

-0.11%

Packaging business drives operating performance

Buy: SRF Ltd.

Target

Motilal Oswal

4QFY20 performance of SRF was impacted due to the COVID-19 pandemic and the auto sector slowdown, which in turn impacted the Technical Textiles and Refrigerant segments. However, strong margin expansion in the Packaging segment led to 4% EBITDA growth despite revenue decline of 4%. The segments performance was impacted by COVID-19, otherwise it has been consistently reporting >25% revenue growth since 1QFY19. Additionally, fluorochemicals performance was impacted by the auto slowdown and drop in global prices of revenues declined 3% YoY to INR6b with margin expansion of 480bp YoY to 21.7% (EBIT grew 24% YoY). Performance in 4QFY20 was impacted due to the COVID-19 pandemic and the auto slowdown. Capex of INR8b for FY21 (excluding BOPP and resin plant in Thailand and BOPET Performance in 4QFY20 was impacted due to the COVID-19 pandemic and the auto slowdown.

SRF Ltd. has an average target of 3198.75 from 9 brokers.

SRF Ltd.

05 Jun 2020

3044.00

-0.11%

SRF

Buy: SRF Ltd.

Dolat Capital

Gross margins expanded by 580bps YoY on account of benign RM costs, sequentially improving by 102 bps to 50.6%. EBITDA margins at 20.9% could have been better (COVID-19 impact caused deferment in sales),...

SRF Ltd. is trading above all available SMAs

SRF Ltd.

07 Feb 2020

3044.00

-0.11%

SRF Ltd - Result Update Q3FY20

Hold: SRF Ltd.

Edelweiss

SRF Ltd's (SRF) Q3FY20 results was characterised by solid growth in the Chemicals Business (CB) as well as stable performance from the Packaging Films Business (PFB).

SRF Ltd. has gained 29.60% in the last 1 Year

SRF Ltd.

04 Feb 2020

3044.00

-0.11%

SRF -3QFY20 Result Update

Hold: SRF Ltd.

Target

Reliance Securities

Steady Operating Performance on Healthy Chemical Biz SRF has delivered a steady operating performance in 3QFY20 largely on the back of healthy chemicals business. EBITDA grew by 25% YoY to Rs3.90bn (vs. our estimate of Rs3.85bn), while EBITDA margin rose by 384bps YoY to 21.1% (vs. our estimate of 19.2%). However, its revenue grew by only 2% YoY to Rs18.5bn vs. our estimate of Rs20.1bn. PBT grew by 40% YoY to Rs2.6bn (vs. our estimate ofRs2.4bn). Net profit increased by 125% YoY to Rs3.5bn primarily on account of lower...

SRF Ltd. has an average target of 3198.75 from 9 brokers.

SRF Ltd.

04 Feb 2020

3044.00

-0.11%

Chemicals/Packaging drive operating performance

Buy: SRF Ltd.

Target

Motilal Oswal

SRFs Chemicals business maintained its revenue momentum with >25% growth for the seventh consecutive quarter, driving the companys overall performance. We expect large part of growth in FY21 to be driven by Chemicals with commissioning of HFC capacity and sustained momentum in Revenue came in 10% below our estimate, whereas EBITDA exceeded our estimate by 4%. Packaging Film revenue declined 9% YoY to INR6.4b, with the margin expanding 10.9pp YoY to 23.4% led by improved efficiencies, expanded product offerings and a higher contribution from value-added products. The board approved a proposal to set up dedicated facilities to produce intermediates catering to the agro-chemicals segment at an aggregate cost INR2.4b for new products and ramping up existing products (2,150 MTPA). The segment delivered a subdued performance owing to the slowdown in the auto sector and a drop in global prices of refrigerants on account of weak demand and the normalization of chloromethane product prices from peak.

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

SRF Ltd.

07 Nov 2019

3044.00

-0.11%

SRF Ltd - Result Update Q2FY20

Hold: SRF Ltd.

Edelweiss

SRF Ltd's (SRF) Q2FY20 results were primarily driven by the Chemicals Business (CB) which recorded robust revenue growth and margin expansion during the quarter.

SRF Ltd. is trading above all available SMAs

SRF Ltd.

05 Nov 2019

3044.00

-0.11%

SRF -2QFY20 Result Update

Hold: SRF Ltd.

Reliance Securities

SRF has delivered a steady operating performance in 2QFY20 largely on the back of healthy chemicals business. EBITDA grew by 5.6% YoY to Rs3.35bn (vs. our estimate of Rs3.62bn), while EBITDA margin rose by 120bps YoY to 19.3% (vs. our estimate of 17.8%). Adjusting for a one-off expense of Rs288mn (pertaining to stamp duty paid related to tyre cord division in MP), its EBITDA grew by 14.7% YoY to Rs3.64bn, while margin expanded by 280bps to 20.9%. However, its revenue fell by 1% YoY to Rs17.38bn vs. Our estimate of Rs20.35bn. PAT grew by 40.5% YoY to Rs2.05bn (vs. our estimate ofRs1.82bn) primarily on account of lower tax rate of 2% (vs. 22.6%...

SRF Ltd. has gained 29.60% in the last 1 Year

SRF Ltd.

05 Nov 2019

3044.00

-0.11%

Chemicals/Packaging drive operating performance???

Buy: SRF Ltd.

Target

Motilal Oswal

YoY to INR3.4b; adjusted for stamp duty of INR288m, it stood at INR3.6b (inline). Adj. PAT grew 41% YoY to INR2,051m. For 1HFY20, revenue/EBITDA/PAT were up 2%/7%/26% YoY. Yet another quarter of strong performance by Chemicals: Chemicals revenue grew 25% YoY to INR6.8b, with margin expansion of 770bp YoY to 19.3%. Capex of INR400m for Specialty Chemicals has been approved. Packaging film revenue declined 5% YoY to INR6.6b, with margin expansion of 230bp YoY to 19.6%. The company plans incur capex of USD50m toward a BOPP plant in Thailand. Technical Textiles revenue declined by a significant...

SRF Ltd. has gained 29.60% in the last 1 Year

Is SRF Ltd. worth buying?

424 Votes:

Buy 74.76%

Sell 15.57%

Hold 9.67%

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