SRF Ltd.

NSE: SRF · Chemicals

₹2,460.40-0.99%06 Nov 2026

Ask the data

Instant answers about SRF Ltd. — computed from its filings, no language model

Market cap₹72,931 cr

Current price₹2,460.40

High / Low₹3,112 / ₹2,305

P/E143.2

P/B4.77

Book value₹516.3

ROE3.3%

ROCE15.2%

Debt / equity0.34

Dividend yield0.37%

EPS (TTM)₹17.18

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,685	7,209	8,400	12,434	149	13,139	14,693	15,787
EBITDA	953	1,455	2,145	3,176	35	2,584	2,718	3,410
Operating margin	16.8%	20.2%	25.5%	25.5%	23.7%	19.7%	18.5%	21.6%
Interest	124	201	134	116	2	302	376	278
Depreciation	316	389	453	517	6	673	772	852
Profit before tax	582	915	1,613	2,586	28	1,692	1,704	2,302
Tax	120	-1	414	697	7	357	453	466
Net profit	0	0	0	0	0	0	0	0
EPS ₹	80.41	177.29	205.54	63.75	72.95	45.06	42.40	61.91
Operating cash flow	—	—	—	2,106	29	2,094	2,487	2,554
Capex	—	—	—	1,832	29	2,217	1,231	1,815
Dividend paid	—	—	—	212	2	214	213	266
Total assets	8,363	10,877	12,929	15,777	188	20,482	21,557	24,147
Equity	3,565	4,933	6,856	8,565	103	11,479	12,626	14,043

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '18	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,612	1,915	1,964	1,738	1,850	1,858	1,545	2,101	2,146	2,608	2,699	2,839	3,346	3,549	3,728	3,470	38	3,338	3,177	3,053	3,570	3,464	3,424	3,491	4,313	3,819	3,640	3,713	4,615	5,033	4,904
Operating profit	279	315	341	331	403	361	363	572	566	643	672	675	881	948	769	834	9	696	626	566	696	603	538	620	957	830	774	780	1,026	1,237	946
Operating margin	17.3%	16.4%	17.4%	19.0%	21.8%	19.4%	23.5%	27.3%	26.4%	24.7%	24.9%	23.8%	26.3%	26.7%	20.6%	24.0%	24.7%	20.9%	19.7%	18.5%	19.5%	17.4%	15.7%	17.7%	22.2%	21.7%	21.3%	21.0%	22.2%	24.6%	19.3%
Other income	13	15	5	22	6	6	10	10	22	13	14	11	11	7	33	10	0	12	29	19	23	25	33	40	34	29	26	27	25	34	25
Interest	42	50	54	55	48	47	43	36	28	26	27	23	29	36	44	62	1	66	79	67	90	97	94	96	89	80	71	66	62	69	71
Depreciation	86	88	93	93	102	101	104	114	117	118	123	130	132	132	139	151	2	157	161	169	186	188	194	194	195	203	212	217	220	223	229
Profit before tax	163	191	199	205	259	220	226	432	443	512	535	532	730	788	618	631	7	486	415	348	443	344	284	369	707	576	517	452	757	979	671
Tax	40	40	33	4	-86	25	49	116	118	130	140	150	225	182	137	120	2	126	114	95	21	92	82	98	181	144	129	19	175	220	162
Net profit	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	509
EPS ₹	21.58	26.31	28.83	52.39	59.67	32.32	30.81	54.83	55.09	64.30	66.72	12.91	17.06	20.43	16.23	17.24	18.97	12.12	10.15	8.55	14.24	8.51	6.79	9.15	17.75	14.58	13.10	14.60	19.63	25.60	17.18
Revenue YoY	—	—	—	-9.3%	-5.8%	—	—	20.9%	16.0%	40.4%	74.7%	35.1%	55.9%	36.1%	31.3%	3.7%	-98.9%	—	-14.8%	-12.0%	9348.8%	3.8%	7.8%	14.4%	20.8%	10.2%	6.3%	6.3%	7.0%	31.8%	34.7%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

SRF Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,809	2,196	3,063	3,530	3,323	3,417	3,614	3,647	4,118
Operating profit	468	600	871	874	595	512	657	806	835
Operating margin	25.9%	27.3%	28.4%	24.8%	17.9%	15.0%	18.2%	22.1%	20.3%
Other income	9	9	15	28	43	25	46	33	27
Interest	51	68	84	90	85	70	100	94	78
Depreciation	99	131	152	162	184	190	209	251	253
Profit before tax	246	454	677	566	353	271	396	497	531
Tax	83	144	194	178	94	54	88	137	129
Net profit	163	309	483	387	259	217	308	361	402

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	410	409	392	471	509	419	411	498	527	490	681	619	748	844	852	839	914	949	828	812	804	889	818	825	844	862	887	942	928	882	862	967	914	860	906	985	971	981	1,182	1,132	1,039	1,144
Operating profit	96	93	44	118	146	114	90	156	152	89	203	129	214	287	241	164	252	268	191	135	111	215	133	128	134	145	106	171	187	165	135	229	201	189	186	243	196	191	205	174	178	223
Operating margin	23.3%	22.8%	11.3%	25.1%	28.6%	27.2%	22.0%	31.3%	28.8%	18.2%	29.8%	20.8%	28.6%	34.1%	28.2%	19.6%	27.5%	28.2%	23.0%	16.6%	13.9%	24.2%	16.3%	15.5%	15.8%	16.9%	12.0%	18.1%	20.1%	18.7%	15.7%	23.7%	22.0%	22.0%	20.5%	24.7%	20.2%	19.5%	17.4%	15.4%	17.2%	19.5%
Other income	7	4	7	4	3	1	1	2	1	1	4	6	2	5	3	9	4	7	8	7	4	3	29	9	5	4	7	30	5	5	6	5	5	11	12	7	8	6	6	21	16	21
Interest	8	9	10	10	10	15	16	14	16	18	20	20	20	22	21	20	21	21	28	24	25	21	15	20	23	16	11	23	27	27	22	24	23	21	25	21	18	21	18	20	24	18
Depreciation	23	24	23	23	23	25	27	29	32	33	38	37	38	39	38	39	39	42	42	42	46	48	48	48	48	48	46	49	52	52	56	63	63	62	63	63	63	64	63	66	67	67
Profit before tax	71	52	-2	66	87	56	36	138	103	52	160	81	173	237	187	114	162	161	129	30	86	129	107	51	62	92	66	128	109	87	71	150	120	117	110	166	124	112	130	109	103	159
Tax	24	18	-3	20	29	19	15	45	34	15	50	26	51	66	51	31	55	51	42	8	11	40	36	8	14	20	13	29	32	15	12	44	34	34	24	46	26	23	34	21	13	38
Net profit	47	34	1	46	59	37	21	93	69	38	111	55	121	171	136	83	107	111	87	22	75	89	72	44	48	72	53	99	77	73	59	106	86	83	86	119	98	89	96	88	90	122
EPS ₹	6.98	5.05	0.15	6.73	8.79	5.83	3.34	15.30	11.34	6.21	18.29	9.05	20.07	28.29	22.49	13.73	17.92	18.82	15.10	3.83	13.12	15.54	12.52	7.63	8.32	12.55	9.21	17.32	13.38	12.64	10.24	18.38	15.00	14.47	15.00	20.81	17.05	15.48	16.70	15.41	15.63	21.17
Revenue YoY	—	—	—	—	24.2%	2.4%	4.9%	5.8%	3.4%	17.1%	65.7%	24.3%	42.1%	72.2%	25.1%	35.5%	22.2%	12.4%	-2.8%	-3.2%	-12.1%	-6.3%	-1.2%	1.6%	5.0%	-3.1%	8.4%	14.2%	10.0%	2.3%	-2.8%	2.7%	-1.5%	-2.5%	5.1%	1.8%	6.2%	14.1%	30.4%	15.0%	7.1%	16.7%
Profit YoY	—	—	—	—	24.3%	9.3%	1973.5%	102.6%	16.4%	0.3%	423.2%	-40.8%	77.0%	355.2%	23.0%	51.2%	-11.8%	-35.4%	-36.1%	-73.4%	-29.6%	-19.3%	-17.4%	99.0%	-36.6%	-19.3%	-26.4%	127.0%	60.9%	0.8%	11.1%	6.1%	12.0%	14.5%	46.4%	13.2%	13.7%	6.9%	11.4%	-26.0%	-8.3%	36.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.3%
ROCE	13.4%	16.0%	18.0%	17.0%	19.9%	20.8%	23.6%	22.3%	1304.3%	11.1%	9.4%	12.2%	11.5%	10.3%	10.6%	12.0%	13.3%	14.1%	14.4%	13.5%	15.6%	15.2%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.8%
EBITDA margin	20.9%	23.1%	24.4%	25.5%	25.7%	24.8%	25.0%	25.5%	21.8%	21.6%	19.8%	19.7%	18.8%	17.8%	17.6%	18.5%	19.6%	20.8%	21.6%	21.6%	22.4%	21.8%
Debt / equity	0.66	0.66	0.66	0.49	0.49	0.49	0.49	0.41	0.42	0.45	0.45	0.43	0.43	0.43	0.43	0.37	0.37	0.34	0.34	0.36	0.36	0.34
Interest coverage	5.73	7.55	9.55	13.04	17.25	20.17	22.71	23.30	11.09	8.42	6.90	6.60	5.65	5.08	4.82	5.53	6.39	7.45	8.37	9.28	11.14	11.71
Asset turnover	0.64	0.68	0.70	0.65	0.74	0.80	0.89	0.79	56.38	0.51	0.49	0.64	0.65	0.64	0.66	0.68	0.70	0.69	0.70	0.65	0.70	0.71

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	58	58	58	58	58	58	58	60	297	297	3	297	297	297	297	297	297	297
Other equity / reserves	2,008	2,238	2,705	3,124	3,506	4,071	4,875	6,796	8,268	8,927	100	10,554	11,182	11,700	12,329	12,966	13,745	15,007
Total equity	2,067	2,296	2,763	3,183	3,565	4,129	4,933	6,856	8,565	9,225	103	10,852	11,479	11,997	12,626	13,264	14,043	15,304
Borrowings	2,033	2,024	2,130	1,977	2,758	3,289	3,267	3,391	3,539	3,715	44	4,857	4,920	5,149	4,641	4,527	5,004	5,205
Current liabilities	1,397	1,393	1,421	2,010	2,532	3,199	3,308	3,571	4,440	4,990	49	5,190	5,481	5,752	5,430	5,534	6,523	6,551
Non-current liabilities	2,055	2,264	2,369	1,778	2,266	2,560	2,636	2,502	2,771	2,838	35	3,612	3,522	3,327	3,501	3,464	3,581	3,982
Total assets	5,519	5,954	6,554	6,971	8,363	9,888	10,877	12,929	15,777	17,053	188	19,655	20,482	21,077	21,557	22,261	24,147	25,837
Property, plant & equipment	3,523	3,816	4,013	4,319	5,005	5,496	6,023	7,497	8,051	9,049	99	10,740	13,122	13,349	13,607	13,822	13,820	14,439
Capital work-in-progress	112	104	117	259	559	754	1,393	772	1,672	1,843	24	2,683	805	837	811	1,238	1,889	2,122
Investments	37	94	165	196	122	101	203	417	321	329	5	573	527	579	827	537	687	601
Inventories	746	764	671	838	958	1,225	1,201	1,466	2,138	2,370	23	2,291	2,326	2,653	2,349	2,730	2,789	3,379
Receivables	691	611	514	657	681	1,029	891	1,275	1,792	1,869	18	1,748	1,943	2,037	2,169	2,043	2,562	3,161
Cash & equivalents	82	107	340	88	87	190	116	138	450	325	6	390	399	138	334	190	590	398

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	347	542	1,090	645	700	2,106	29	2,094	2,487	2,554
Cash from investing	-657	-500	-667	-613	-1,195	-1,588	-30	-2,227	-1,484	-1,598
Cash from financing	205	-18	-182	-284	495	-207	2	-72	-1,071	-708
Capex	—	—	588	674	1,300	1,832	29	2,217	1,231	1,815
Free cash flow	—	—	502	-29	-601	274	0	-123	1,256	738
Dividends paid	—	—	—	—	—	212	2	214	213	266

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹14,439 cr56%

CWIP

₹2,122 cr8%

Investments

₹601 cr2%

Inventories

₹3,379 cr13%

Receivables

₹3,161 cr12%

Cash & equivalents

₹398 cr2%

Other assets

₹1,737 cr7%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.0%

6 months-11.2%

1 year-18.7%

3Y CAGR+1.7%

5Y CAGR+3.0%

10Y CAGR+21.8%

50-day avg₹2,480.32

200-day avg₹2,620.33

RSI (14)49

Long-term financials (FY16–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹4,836 Cr	₹571 Cr	₹423 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare SRF Ltd. with

Solar Industries India vs SRF Pidilite Industries vs SRF SRF vs Linde India SRF vs Coromandel International SRF vs Gujarat Fluorochemicals SRF vs Fertilisers and Chemicals Travancore

FAQs

What is the share price of SRF Ltd.?

SRF Ltd. (SRF) closed at ₹2,460.40 on NSE on 06 Nov 2026.

What is the market cap of SRF Ltd.?

₹72,931 crore at the latest close.

What is the P/E ratio of SRF Ltd.?

143.2, on trailing-twelve-month earnings from its filings.

How fast is SRF Ltd. growing?

SRF Ltd.: revenue has compounded at 373.5% a year over three years. Latest-quarter revenue is up 34.7% year on year.

How profitable is SRF Ltd.?

On a trailing-twelve-month basis return on equity is 3.3%, return on capital employed 15.2%, operating margin 21.8%, net margin 2.8%.

How much debt does SRF Ltd. have?

SRF Ltd. is lightly geared: debt to equity is 0.34 with borrowings of ₹5,205 cr against cash of ₹398 cr (balance sheet of 2026-09-30). Operating profit covers interest 11.7 times.

Financials parsed from SRF Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.