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SRF

SRFNSEI:SRF Stock Report

Last Price

₹2.57k

Market Cap

₹757.5b

7D

-3.4%

1Y

122.4%

Updated

20 Jan, 2022

Data

Company Financials +
SRF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SRF Stock Overview

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

Rewards

Earnings are forecast to grow 16.07% per year

Earnings grew by 43.7% over the past year

Risk Analysis

No risks detected for SRF from our risk checks.

SRF Competitors

Dr. Reddy's Laboratories

BSE:500124

₹778.1b

Cipla

NSEI:CIPLA

₹722.6b

UPL

BSE:512070

₹621.1b

LANXESS

XTRA:LXS

€4.9b

Price History & Performance

Summary of all time highs, changes and price drops for SRF
Historical stock prices
Current Share Price₹2,567.75
52 Week High₹2,680.00
52 Week Low₹1,026.21
Beta0.60
1 Month Change18.17%
3 Month Change15.79%
1 Year Change122.41%
3 Year Change512.86%
5 Year Change650.94%
Change since IPO45,917.03%

Recent News & Updates

Dec 12
Here's Why I Think SRF (NSE:SRF) Might Deserve Your Attention Today

Here's Why I Think SRF (NSE:SRF) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Nov 12
We Like SRF's (NSE:SRF) Returns And Here's How They're Trending

We Like SRF's (NSE:SRF) Returns And Here's How They're Trending

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Aug 04
SRF (NSE:SRF) Has Announced That It Will Be Increasing Its Dividend To ₹12.00

SRF (NSE:SRF) Has Announced That It Will Be Increasing Its Dividend To ₹12.00

SRF Limited ( NSE:SRF ) has announced that it will be increasing its dividend on the 25th of August to ₹12.00. Although...

Shareholder Returns

SRFIN ChemicalsIN Market
7D-3.4%-2.5%-1.1%
1Y122.4%44.7%32.6%

Return vs Industry: SRF exceeded the Indian Chemicals industry which returned 44.7% over the past year.

Return vs Market: SRF exceeded the Indian Market which returned 32.6% over the past year.

Price Volatility

Is SRF's price volatile compared to industry and market?
SRF volatility
SRF Average Weekly Movement4.9%
Chemicals Industry Average Movement6.2%
Market Average Movement6.7%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.1%

Stable Share Price: SRF is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SRF's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19706,386Ashish Ramhttps://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?
SRF fundamental statistics
Market Cap₹757.47b
Earnings (TTM)₹14.83b
Revenue (TTM)₹102.92b

51.1x

P/E Ratio

7.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRF income statement (TTM)
Revenue₹102.92b
Cost of Revenue₹54.72b
Gross Profit₹48.20b
Expenses₹33.37b
Earnings₹14.83b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 25, 2022

Earnings per share (EPS)50.04
Gross Margin46.84%
Net Profit Margin14.41%
Debt/Equity Ratio43.3%

How did SRF perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

12%

Payout Ratio

Valuation

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

51.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SRF (₹2567.75) is trading above our estimate of fair value (₹973.91)

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


Price To Earnings Ratio

PE vs Industry: SRF is poor value based on its PE Ratio (51.1x) compared to the Indian Chemicals industry average (21.2x).

PE vs Market: SRF is poor value based on its PE Ratio (51.1x) compared to the Indian market (23.3x).


Price to Earnings Growth Ratio

PEG Ratio: SRF is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: SRF is overvalued based on its PB Ratio (10.1x) compared to the IN Chemicals industry average (2.6x).


Future Growth

How is SRF forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRF's forecast earnings growth (16.1% per year) is above the savings rate (6.7%).

Earnings vs Market: SRF's earnings (16.1% per year) are forecast to grow slower than the Indian market (20.8% per year).

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

Revenue vs Market: SRF's revenue (15% per year) is forecast to grow faster than the Indian market (12.7% per year).

High Growth Revenue: SRF's revenue (15% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRF's Return on Equity is forecast to be high in 3 years time (20.8%)


Past Performance

How has SRF performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRF has high quality earnings.

Growing Profit Margin: SRF's current net profit margins (14.4%) are higher than last year (14%).


Past Earnings Growth Analysis

Earnings Trend: SRF's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: SRF's earnings growth over the past year (43.7%) exceeds its 5-year average (25.8% per year).

Earnings vs Industry: SRF earnings growth over the past year (43.7%) exceeded the Chemicals industry 42.7%.


Return on Equity

High ROE: SRF's Return on Equity (19.7%) is considered low.


Financial Health

How is SRF's financial position?


Financial Position Analysis

Short Term Liabilities: SRF's short term assets (₹45.8B) exceed its short term liabilities (₹42.4B).

Long Term Liabilities: SRF's short term assets (₹45.8B) exceed its long term liabilities (₹22.5B).


Debt to Equity History and Analysis

Debt Level: SRF's net debt to equity ratio (33.4%) is considered satisfactory.

Reducing Debt: SRF's debt to equity ratio has reduced from 76.3% to 43.3% over the past 5 years.

Debt Coverage: SRF's debt is well covered by operating cash flow (61.5%).

Interest Coverage: SRF's interest payments on its debt are well covered by EBIT (24.8x coverage).


Balance Sheet


Dividend

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

0.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SRF's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.3%).

High Dividend: SRF's dividend (0.24%) is low compared to the top 25% of dividend payers in the Indian market (1.33%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.2%), SRF's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SRF's dividends in 3 years are forecast to be thoroughly covered by earnings (10.3% payout ratio).


Next Steps

Management

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

6.9yrs

Average management tenure


CEO

Ashish Ram (53 yo)

15yrs

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 ($USD1.26M) is about average for companies of similar size in the Indian market ($USD1.21M).

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


Leadership Team

Experienced Management: SRF's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: SRF's board of directors are considered experienced (9.9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

SRF Limited's employee growth, exchange listings and data sources


Key Information

  • Name: SRF Limited
  • Ticker: SRF
  • Exchange: NSEI
  • Founded: 1970
  • Industry: Diversified Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹757.474b
  • Shares outstanding: 296.42m
  • Website: https://www.srf.com

Number of Employees


Location

  • SRF Limited
  • Block-C
  • Sector-45
  • Gurugram
  • Haryana
  • 122003
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 12:05
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.