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    SRF Limited

    Gurugram chemicals conglomerate making fluorochemicals, specialty chemicals, packaging films and technical textiles across 16 plants in 4 countries.

    Chemicals
    Commodities
    View SRF earnings calls
    ₹2,709.8
    +3.34% from avg

    Overview

    Price

    ₹2,709.8

    Market Cap

    ₹78.3k Cr

    Sector

    Chemicals

    Commodities

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital5860297297297297297297
    Reserves4.9k6.8k8.3k10.0k11.2k12.3k13.0k13.7k
    Borrowings4.1k3.5k3.7k4.5k5.0k4.7k4.6k5.1k
    Other Liabilities1.8k2.6k3.5k3.9k3.9k4.2k4.4k5.0k
    Total Liabilities10.9k12.9k15.8k18.7k20.5k21.5k22.3k24.1k
    AssetsFixed Assets6.4k7.8k8.4k10.1k13.2k13.7k13.9k13.9k
    CWIP1.4k7721.7k2.4k8058111.2k1.9k
    Investments203417321494527827537687
    Other Assets2.9k3.9k5.3k5.8k5.9k6.2k6.6k7.6k
    Total Assets10.9k12.9k15.8k18.7k20.5k21.5k22.3k24.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating8961.3k1.8k2.1k2.9k2.1k2.5k2.6k
    Cash from Investing-1.0k-1.2k-1.5k-1.6k-3.0k-2.2k-1.5k-1.6k
    Cash from Financing246-199-251-207220-72-1.1k-708
    SummaryCapital Expenditure
    Free Cash Flow-157-6956728950-1081.3k747
    FCF Margin

    Valuation

    Assumptions

    Current — SRF
    Price
    ₹2,710
    EPS (TTM)
    ₹72.93
    PE (TTM)
    37.2
    Profit growth
    -5.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (51.5×) and current (37.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,710
    vs
    Fair value · 15% return
    ₹822
    70%Overvalued

    At -5.3% growth and a 37× exit, ₹2710 only delivers your return if you pay ₹822. The price is currently baking in 18% growth.

    EPS grows -5.3%/yr for 5 years, then fades to 6% over 2, exits at 37×.

    YearGrowthEPS (₹)
    FY27-5.3%69.06
    FY28-5.3%65.40
    FY29-5.3%61.94
    FY30-5.3%58.66
    FY31-5.3%55.55
    FY320.3% ·fade55.74
    FY336.0% ·fade59.09

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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