SRF (BSE:503806) - Share price, News & Analysis

503806 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	6/6
Financial Health	6/6
Dividends	3/6

503806 Stock Overview

SRF Limited manufactures, purchases, and sells technical textiles, chemicals, packaging films, and other polymers.

Rewards

Earnings are forecast to grow 12.89% per year

Earnings grew by 57.6% over the past year

Risk Analysis

No risks detected for 503806 from our risk checks.

SRF Competitors

Cipla

NSEI:CIPLA

₹756.8b

Dr. Reddy's Laboratories

BSE:500124

₹651.9b

UPL

BSE:512070

₹611.5b

PI Industries

BSE:523642

₹404.8b

Price History & Performance

Summary of all time highs, changes and price drops for SRF
Historical stock prices
Current Share Price	₹2,329.40
52 Week High	₹2,773.00
52 Week Low	₹1,264.00
Beta	0.66
1 Month Change	-7.79%
3 Month Change	-2.25%
1 Year Change	81.02%
3 Year Change	302.55%
5 Year Change	621.89%
Change since IPO	76,273.77%

Shareholder Returns

	503806	IN Chemicals	IN Market
7D	6.1%	2.3%	1.7%
1Y	81.0%	13.7%	10.5%

Return vs Industry: 503806 exceeded the Indian Chemicals industry which returned 13.7% over the past year.

Return vs Market: 503806 exceeded the Indian Market which returned 10.5% over the past year.

Price Volatility

Is 503806's price volatile compared to industry and market?
503806 volatility
503806 Average Weekly Movement	5.9%
Chemicals Industry Average Movement	7.1%
Market Average Movement	7.3%
10% most volatile stocks in IN Market	10.0%
10% least volatile stocks in IN Market	4.8%

Stable Share Price: 503806 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 503806's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1970	6,386	Ashish Ram	https://www.srf.com

SRF Limited manufactures, purchases, and sells technical textiles, chemicals, packaging films, and other polymers. It operates through Technical Textiles Business, Chemicals Business, Packaging Film Business, and Others segments. The company offers tyre cord, belting, coated, and laminated fabrics; and industrial and polyester industrial yarns.

SRF Fundamentals Summary

How do SRF's earnings and revenue compare to its market cap?
503806 fundamental statistics
Market Cap	₹696.34b
Earnings (TTM)	₹18.89b
Revenue (TTM)	₹124.34b

36.6x

P/E Ratio

5.6x

P/S Ratio

Is 503806 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
503806 income statement (TTM)
Revenue	₹124.34b
Cost of Revenue	₹72.03b
Gross Profit	₹52.31b
Other Expenses	₹33.42b
Earnings	₹18.89b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	63.72
Gross Margin	42.07%
Net Profit Margin	15.19%
Debt/Equity Ratio	43.1%

How did 503806 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is SRF undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

36.55x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 503806 (₹2329.4) is trading above our estimate of fair value (₹419.07)

Significantly Below Fair Value: 503806 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 503806 is poor value based on its PE Ratio (36.6x) compared to the Indian Chemicals industry average (18.1x).

PE vs Market: 503806 is poor value based on its PE Ratio (36.6x) compared to the Indian market (20.7x).

Price to Earnings Growth Ratio

PEG Ratio: 503806 is poor value based on its PEG Ratio (2.8x)

Price to Book Ratio

PB vs Industry: 503806 is overvalued based on its PB Ratio (8.1x) compared to the IN Chemicals industry average (2.3x).

Future Growth

How is SRF forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 503806's forecast earnings growth (12.9% per year) is above the savings rate (6.7%).

Earnings vs Market: 503806's earnings (12.9% per year) are forecast to grow slower than the Indian market (17.9% per year).

High Growth Earnings: 503806's earnings are forecast to grow, but not significantly.

Revenue vs Market: 503806's revenue (13% per year) is forecast to grow faster than the Indian market (11.8% per year).

High Growth Revenue: 503806's revenue (13% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 503806's Return on Equity is forecast to be high in 3 years time (21.9%)

Past Performance

How has SRF performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

29.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 503806 has high quality earnings.

Growing Profit Margin: 503806's current net profit margins (15.2%) are higher than last year (14.3%).

Past Earnings Growth Analysis

Earnings Trend: 503806's earnings have grown significantly by 29.9% per year over the past 5 years.

Accelerating Growth: 503806's earnings growth over the past year (57.6%) exceeds its 5-year average (29.9% per year).

Earnings vs Industry: 503806 earnings growth over the past year (57.6%) exceeded the Chemicals industry 35.8%.

Return on Equity

High ROE: 503806's Return on Equity (22.1%) is considered high.

Financial Health

How is SRF's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 503806's short term assets (₹52.5B) exceed its short term liabilities (₹44.4B).

Long Term Liabilities: 503806's short term assets (₹52.5B) exceed its long term liabilities (₹27.7B).

Debt to Equity History and Analysis

Debt Level: 503806's net debt to equity ratio (34.1%) is considered satisfactory.

Reducing Debt: 503806's debt to equity ratio has reduced from 75.2% to 43.1% over the past 5 years.

Debt Coverage: 503806's debt is well covered by operating cash flow (57%).

Interest Coverage: 503806's interest payments on its debt are well covered by EBIT (22.3x coverage).

Balance Sheet

Dividend

What is SRF current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 503806's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 503806's dividend (0.31%) is low compared to the top 25% of dividend payers in the Indian market (1.57%).

Stability and Growth of Payments

Stable Dividend: 503806's dividend payments have been volatile in the past 10 years.

Growing Dividend: 503806's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.2%), 503806's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (77.4%), 503806's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure

CEO

Ashish Ram (53 yo)

0.083

Tenure

₹93,800,000

Compensation

Mr. Ashish Bharat Ram, MBA serves as Independent Director at Havells India Limited since 2021. He served as Independent Additional Director at Havells India Limited since May 20, 2021 until 2021. He has be...

CEO Compensation Analysis

Compensation vs Market: Ashish's total compensation ($USD1.21M) is above average for companies of similar size in the Indian market ($USD847.93K).

Compensation vs Earnings: Ashish's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 503806's management team is considered experienced (3.7 years average tenure).

Board Members

Experienced Board: 503806's board of directors are seasoned and experienced ( 10.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31