SRF Ltd.
SRF Limited manufactures, purchases, and sells technical textiles, chemicals, packaging films, and other polymers. It operates through Technical Textiles Business, Chemicals Business, Performance Films and Foil Business, and Others segments. The company offers polyester and nylon tyre cord, belting, coated, and laminated fabrics; and industrial and polyester industrial yarns. It also provides fluorochemicals, such as refrigerants for room air-conditioner, automobile air-conditioner, refrigerator, and chillers under the FLORON brand; pharma propellants under the Dymel brand; industrial chemicals used in various applications comprising solvents in pharma, feedstock for agrochemicals, metal de-greasing, etching of stainless steel and glass, foam blowing agents, and dry-cleaning; and fluoropolymers, such as PTFE resins for automotive, chemical processing/plant construction, construction, electrical/electronic engineering, semiconductor, and pharma and medical applications under the Flonio brand. In addition, the company offers advanced intermediates for the agrochemical and pharmaceutical applications; and bi-axially oriented polyethylene terephthalate and bi-axially oriented polypropylene films under the PETLAR and OPLAR brands. Further, it engages in the acquisition and renting of real estate; and manufacture of aluminum foil. The company operates in India, Germany, the United States, South Africa, the United Kingdom, Italy, Indonesia, the United Arab Emirates, South Korea, Thailand, Hungary, Switzerland, Belgium, and internationally. The company was formerly known as Shri Ram Fibres and changed its name to SRF Limited in 1990. SRF Limited was incorporated in 1970 and is headquartered in Gurugram, India. SRF Limited operates as a subsidiary of KAMA Holdings Limited.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Mar has averaged the highest return (+6.2%); May the lowest (-3.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.4%Negative MonthJan 2026: -8.40% | -9.0%Negative MonthFeb 2026: -8.99% | -4.9%Negative MonthMar 2026: -4.90% | +3.4%Positive MonthApr 2026: +3.36% | +7.9%Positive MonthMay 2026: +7.92% | +0.7%Neutral MonthJun 2026: +0.73% | -4.3%Negative MonthJul 2026: -4.33% | -1.2%*Neutral MonthAug 2026: -1.22% | β | β | β | β |
| 2025 | +25.6%Positive MonthJan 2025: +25.57% | -0.5%Neutral MonthFeb 2025: -0.51% | +5.2%Positive MonthMar 2025: +5.16% | +2.3%Positive MonthApr 2025: +2.28% | -4.9%Negative MonthMay 2025: -4.89% | +13.5%Positive MonthJun 2025: +13.49% | -6.4%Negative MonthJul 2025: -6.38% | -6.5%Negative MonthAug 2025: -6.47% | -0.6%Neutral MonthSep 2025: -0.63% | +3.7%Positive MonthOct 2025: +3.69% | +0.0%Neutral MonthNov 2025: +0.04% | +5.0%Positive MonthDec 2025: +4.98% |
| 2024 | -6.3%Negative MonthJan 2024: -6.29% | +2.7%Positive MonthFeb 2024: +2.68% | +7.2%Positive MonthMar 2024: +7.18% | +2.4%Positive MonthApr 2024: +2.41% | -15.7%Negative MonthMay 2024: -15.74% | +10.2%Positive MonthJun 2024: +10.22% | +8.7%Positive MonthJul 2024: +8.73% | -3.0%Negative MonthAug 2024: -3.03% | -2.6%Negative MonthSep 2024: -2.62% | -10.2%Negative MonthOct 2024: -10.16% | +0.9%Neutral MonthNov 2024: +0.91% | -1.2%Neutral MonthDec 2024: -1.17% |
| 2023 | -4.8%Negative MonthJan 2023: -4.78% | -0.6%Neutral MonthFeb 2023: -0.63% | +11.0%Positive MonthMar 2023: +10.97% | +5.6%Positive MonthApr 2023: +5.55% | -0.5%Neutral MonthMay 2023: -0.45% | -9.4%Negative MonthJun 2023: -9.42% | -5.3%Negative MonthJul 2023: -5.27% | +8.6%Positive MonthAug 2023: +8.65% | -4.6%Negative MonthSep 2023: -4.61% | -2.4%Negative MonthOct 2023: -2.39% | +7.9%Positive MonthNov 2023: +7.91% | +4.7%Positive MonthDec 2023: +4.71% |
| 2022 | -0.5%Neutral MonthJan 2022: -0.55% | -1.0%Neutral MonthFeb 2022: -0.99% | +12.4%Positive MonthMar 2022: +12.38% | -6.2%Negative MonthApr 2022: -6.22% | -1.9%Neutral MonthMay 2022: -1.94% | -8.7%Negative MonthJun 2022: -8.67% | +7.9%Positive MonthJul 2022: +7.94% | +4.8%Positive MonthAug 2022: +4.80% | -1.6%Neutral MonthSep 2022: -1.60% | +2.1%Positive MonthOct 2022: +2.14% | -7.6%Negative MonthNov 2022: -7.60% | -3.0%Negative MonthDec 2022: -3.03% |
| 2021 | β | β | β | β | β | +11.6%Positive MonthJun 2021: +11.59% | +19.1%Positive MonthJul 2021: +19.11% | +17.0%Positive MonthAug 2021: +17.03% | +11.3%Positive MonthSep 2021: +11.29% | -6.2%Negative MonthOct 2021: -6.18% | -4.7%Negative MonthNov 2021: -4.73% | +20.0%Positive MonthDec 2021: +19.98% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ11.70 K Cr | β | βΉ1.27 K Cr | β | β | 11.0% | 8.4% | -7.7% |
| Mar 2024 | βΉ10.79 K Cr | β | βΉ1.37 K Cr | β | β | 13.1% | -10.7% | -32.1% |
| Mar 2023 | βΉ12.07 K Cr | β | βΉ2.02 K Cr | β | β | 21.9% | 21.3% | 34.2% |
| Mar 2022 | βΉ9.95 K Cr | β | βΉ1.51 K Cr | β | β | 19.8% | 42.4% | 62.9% |
| Mar 2021 | βΉ6.99 K Cr | β | βΉ925.00 Cr | β | β | 14.7% | 10.4% | -5.0% |
| Mar 2020 | βΉ6.33 K Cr | β | βΉ974.00 Cr | β | β | 20.8% | 2.0% | 88.4% |
| Mar 2019 | βΉ6.21 K Cr | β | βΉ517.00 Cr | β | β | 13.2% | 35.4% | 27.3% |
| Mar 2018 | βΉ4.58 K Cr | β | βΉ406.00 Cr | β | β | 11.8% | 18.0% | -3.1% |
| Mar 2017 | βΉ3.88 K Cr | β | βΉ419.00 Cr | β | β | 13.3% | 6.7% | 12.6% |
| Mar 2016 | βΉ3.64 K Cr | β | βΉ372.00 Cr | β | β | 13.3% | 0.7% | 20.8% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 3,417 | 3,614 | 3,639 | 3,883 | 4,582 | 6,206 | 6,331 | 6,988 | 9,953 | 12,074 | 10,787 | 11,698 | 12,151 |
| Total Expenses | 2,910 | 2,957 | 2,830 | 3,062 | 3,797 | 5,080 | 5,068 | 5,247 | 7,420 | 8,880 | 8,397 | 9,242 | 9,319 |
| EBIT / Operating Profit | 507 | 657 | 810 | 821 | 785 | 1,126 | 1,263 | 1,741 | 2,533 | 3,194 | 2,390 | 2,456 | 2,832 |
| OPM % | 15% | 18% | 22% | 21% | 17% | 18% | 20% | 25% | 25% | 26% | 22% | 21% | 23% |
| Other Income | 25 | 47 | 35 | 46 | 104 | 58 | 234 | 63 | 135 | 106 | 119 | 175 | 161 |
| Finance Costs | 70 | 100 | 95 | 78 | 98 | 174 | 182 | 111 | 94 | 176 | 236 | 296 | 261 |
| Depreciation & Amortisation | 190 | 209 | 233 | 242 | 278 | 325 | 353 | 384 | 419 | 468 | 556 | 630 | 652 |
| Profit Before Tax | 271 | 396 | 516 | 548 | 513 | 685 | 961 | 1,310 | 2,155 | 2,656 | 1,718 | 1,704 | 2,080 |
| Tax % | 20% | 22% | 28% | 24% | 21% | 24% | -1% | 29% | 30% | 24% | 20% | 26% | - |
| Net Profit / PAT | 217 | 308 | 372 | 419 | 406 | 517 | 974 | 925 | 1,507 | 2,023 | 1,374 | 1,268 | 1,553 |
| EPS (βΉ) | 7.54 | 10.72 | 12.95 | 14.59 | 14.13 | 18 | 33.90 | 31.23 | 50.84 | 68.26 | 46.35 | 42.78 | 52.37 |
| Dividend Payout % | 27% | 19% | 16% | 17% | 17% | 14% | 8% | 16% | 33% | 11% | 16% | 17% | - |
Peer Comparison
Materials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| SRF Ltd.this co. | βΉ90.07 K Cr | βΉ11.70 K Cr | 58.00 | 7.49 | 36.97 | 8.4% |
| UltraTech Cement Ltd | βΉ3.55 L Cr | βΉ71.89 K Cr | 48.60 | 5.02 | 27.23 | 4.7% |
| JSW Steel Limited | βΉ2.88 L Cr | βΉ1.28 L Cr | 38.00 | 3.45 | 14.23 | -5.5% |
| Asian Paints Ltd. | βΉ2.77 L Cr | βΉ29.55 K Cr | 69.60 | 14.50 | 35.04 | -5.4% |
| Hindustan Zinc Ltd. | βΉ2.66 L Cr | βΉ33.97 K Cr | 25.50 | 19.57 | 18.58 | 17.4% |
| Coal India Limited | βΉ2.64 L Cr | βΉ1.59 K Cr | 12.40 | 13.24 | 16.33 | 5.1% |
| Vedanta Limited | βΉ2.49 L Cr | βΉ74.30 K Cr | 26.50 | 3.37 | 12.82 | 5.0% |
| Industry Average | β | βΉ10.75 K Cr | 47.54 | 5.23 | 30.19 | 121.8% |
