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Updated on October 15, 2020

Stock/Share Code - SRF

SRF is principal activities of the Company are manufacturing, purchase and sale of technical textiles, chemicals, packaging films and other polymers.

Below is the details of SRF SRF Ltd

Market Cap₹23,302 Cr.
Current Price ₹4,438.65 as on 21 Oct 20
52 Week High / Low Price₹4,439.15 / ₹2,467.65
Face Value₹10
Stock P/E24.98
Book Value₹814.93
Dividend Yield0.35 %
ROCE15.64 %
ROE22.39 %
Sales Growth (3yrs)17.70 %
IndustryTextiles - Manmade
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has delivered good profit growth of 26.53% CAGR over last 5 years
Cons: Stock is trading at 4.97 times its book value Tax rate seems low Company might be capitalizing the interest cost

SRF Ltd Price Chart

SRF Ltd Price Chart

SRF Ltd Peer Comparison in Textiles

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Grasim Inds ₹791.75 12.03 ₹44,400.29 Cr. 0.59 ₹236.56 Cr. -71.43 -32.24 13621.10 10.48
2. SRF 24.98 ₹23,302.02 Cr. 0.35 ₹109.1 Cr. -27.44 -14.85 1297.67 15.64
3. Filatex India ₹25.05 8.43 ₹619.39 Cr. 0.00 -₹27.98 Cr. -239.69 -79.19 145.01 15.65
4. Indo Rama Synth. ₹21.55 ₹510.48 Cr. 0.00 -₹77.62 Cr. -119.67 -77.76 118.61 -11.56
5. Century Enka ₹168.6 7.11 ₹371.01 Cr. 4.71 -₹24.9 Cr. -234.74 -72.71 102.42 8.11
6. Vardhman Acrylic ₹29.45 7.99 ₹239.48 Cr. 7.81 ₹0.51 Cr. -96.96 -62.66 33.97 13.93
7. Indian Acrylics ₹60.35 9.98 ₹106.9 Cr. 0.00 ₹3.44 Cr. -26.96 -32.34 167.40 14.55
8. Pasupati Acrylon 6.31 ₹82.36 Cr. 0.00 ₹0.95 Cr. -84.11 -16.10 178.82 13.30

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SRF Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -1,0391,1441,3611,3811,5141,5781,7321,5241,5081,6521,6471,298
YOY Sales Growth %15.60%25.99%24.79%33.13%45.63%37.95%27.20%10.37%-0.34%4.65%-4.91%-14.85%
Expenses -8619211,1151,1221,2621,3011,3961,2171,2261,3021,3221,024
Material Cost %53.98%51.27%53.72%53.69%55.93%55.85%54.79%53.18%49.85%50.27%48.69%48.20%
Employee Cost %8.52%8.14%7.61%6.89%6.68%6.68%6.47%7.62%7.71%7.45%7.98%9.50%
Operating Profit178223246259252278336307282350324273
OPM %17%20%18%19%17%18%19%20%19%21%20%21%
Other Income1621910121324191997711
Profit before tax103159141155143161226197348221195152
Tax %13%24%25%28%24%18%27%24%3%-41%10%28%
Net Profit90122106111109132165150337312175109
EPS in Rs15.6321.1718.4420.0119.6923.7328.7626.1689.4254.2430.3718.98

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -1,8052,1813,0633,5303,3233,4173,6143,6393,8834,5826,2066,3316,104
Sales Growth %11.76%20.82%40.45%15.24%-5.88%2.85%5.76%0.70%6.69%18.00%35.43%2.02%
Expenses -1,3491,5962,2002,7272,7452,9102,9572,8323,0623,7975,0805,0684,874
Material Cost %53%52%52%57%57%59%54%49%48%53%55%50%
Manufacturing Cost %11%11%9%10%14%14%14%14%14%14%13%14%
Employee Cost %5%5%5%5%6%7%7%8%9%8%7%8%
Other Cost %6%5%5%5%5%5%6%7%8%7%7%7%
Operating Profit4575858648045785076578078217851,1261,2631,230
OPM %25%27%28%23%17%15%18%22%21%17%18%20%20%
Other Income-60684328442547374610458234224
Profit before tax246454677566353271396516548513685961916
Tax %34%32%29%32%27%20%22%28%24%21%24%-1%
Net Profit163309483387259217308372419406517974933
EPS in Rs24.7464.0342.6435.4250.8461.6369.2769.4188.41166.53193.01
Dividend Payout %38%28%18%21%23%27%19%16%17%17%14%8%

Compounded Sales Growth

  • 10 Years:: 11.24%
  • 5 Years:: 11.87%
  • 3 Years:: 17.70%
  • TTM:: -3.83%

Compounded Profit Growth

  • 10 Years:: 12.03%
  • 5 Years:: 26.53%
  • 3 Years:: 32.00%
  • TTM:: 67.59%

Return on Equity

  • 10 Years:: 30.41%
  • 5 Years:: 29.46%
  • 3 Years:: 38.67%
  • 1 Year:: 46.11%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -626262585858585858585858
Equity Capital626262585858585858585858
Other Liabilities -5056787887837821,0319779031,1651,3411,6511,385
Trade Payables229205250158161193188257645805952865
Advance from Customers007769141125000
Other liability items276473531618615829775635494536699520
Total Liabilities2,3662,8853,2403,6243,8594,4654,8685,4145,9687,2748,6728,820
Fixed Assets -1,3801,7721,8061,8612,1832,7603,1353,3053,6174,3424,8465,648
Gross Block2,1882,7072,8873,0943,5884,3424,9183,5374,0915,0905,9157,034
Accumulated Depreciation8089351,0811,2341,4051,5821,7842324747471,0691,386
Other Assets -5728221,1191,1311,2291,4661,4371,7301,8002,1692,9502,539
Trade receivables230340442408453545479372515491856769
Cash Equivalents365641297775653305677172107
Loans n Advances1501721209190143134355475780922858
Other asset items-3-55490114721229326-7-99-306
Total Assets2,3662,8853,2403,6243,8594,4654,8685,4145,9687,2748,6728,820

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -3845105706653753815088195506065951,216
Profit from operations4736028948065895106728238458571,1571,302
Loans Advances00102-12-22141-1510-0-13
Other WC items00222118-113-11-224-61154
Working capital changes-185-13124-151-88-80105-180-134-41255
Direct taxes-57-113-193-165-63-41-85-109-116-118-150-141
Other operating items-12160000000000
Cash from Investing Activity --436-353-183-488-340-403-550-578-592-1,187-847-422
Fixed assets purchased-385-356-202-495-369-533-528-492-619-1,275-887-628
Fixed assets sold22172553841316
Investments purchased-479-611-883-1,041-845-842-691-510-649-5300-93
Investments sold4956478611,024842953628452628614330
Interest received1432254445313
Dividends received11513610300000
Invest in subsidiaries0-65-15-0-2-1000000
Loans to subsidiaries000-800000000
Other investing items-7227469-0-132-4141-10270
Cash from Financing Activity -47-95-349-113-882033-18-190601348-859
Proceeds from shares000000000000
Proceeds from borrowings3183061455802235226364701731,1521,184157
Repayment of borrowings-107-232-268-420-174-346-435-323-194-363-558-711
Interest paid fin-41-84-79-89-71-89-101-96-86-105-195-188
Dividends paid-48-12-125-81-57-57-57-57-69-69-69-80
Financial liabilities00000000000-19
Other financing items-76-73-21-103-9-10-11-12-14-14-14-17
Net Cash Flow-5623865-53-3-10223-2322095-65

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Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %23%26%32%25%14%10%13%15%13%11%13%16%
Debtor Days475753425058483748395044
Inventory Turnover5.235.925.295.384.934.223.653.493.423.684.113.46

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