S

SRF Limited

SRFNSE
Market snapshot · 2026-08-11 06:35 UTC

2,556.00

₹-54.00 (-2.07%)

MARKET CAP

₹75.76K Cr

STOCK P/E

35.1x

52W HIGH

₹3,210.00

52W LOW

₹2,355.00

BOOK VALUE

₹473.74

EPS

₹72.82

ROE

SECTOR

Materials

DEBT/EQUITY

36.20

VOLUME

1.62L

P/B RATIO

5.40x

PEG RATIO

0.47

Sector

Materials

Themes

Diversified ChemicalsGovernment of Singapore Portfolio
D
Dividend
E
Earnings
₹3,157.56₹2,971.05₹2,784.54₹2,598.03₹2,411.52VolumeEEDEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SRF.

30.00 analysts

Price Forecast

Current
₹2,556
High Target
₹3,604
▲ +41.0%
Median Target
₹3,000
▲ +17.4%
Low Target
₹2,209
▼ -13.6%
Now₹2,556High ₹3,604Median ₹3,000Low ₹2,209Aug '25Now12M Target
Price history (1Y)
Analyst target range
30 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹2,113 - ₹3,09680%
6M₹1,954 - ₹3,35380%
12M₹1,749 - ₹3,75580%
Realized vol: +29.8% · Drift: +4.7%

Revenue Forecast

₹ Cr
Dec '25Current₹2,952.0
Sep 2026 ETrend estimate range
High₹3,322.6Base₹3,076.5Low₹2,830.4
Mar '25: ₹3,496.0 · Jun '25: ₹3,040.0 · Sep '25: ₹2,853.0 · Dec '25: ₹2,952.0 · Sep '26: ₹3,076.5 · Dec '26: ₹3,183.2
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E3,496.03,040.02,853.02,952.03,076.53,183.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹15.45
Sep 2026 ETrend estimate range
High₹20.55Base₹18.35Low₹16.14
Mar '25: ₹17.31 · Jun '25: ₹13.39 · Sep '25: ₹12.23 · Dec '25: ₹15.45 · Sep '26: ₹18.35 · Dec '26: ₹23.17
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E17.3113.3912.2315.4518.3523.17
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
73%
Analyst Consensus
Unavailable

From 30 analysts

Mean upside+14.8%

Fundamentals

Strong

Fundamentals institutional score is 87 using growth durability 86.8.

Valuation

Attractive relative to peers

Valuation institutional score is 79 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 60 using mean target upside 14.8%; dispersion penalty 19.0; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 81 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 6 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price2,933.3 target
Mean Upside+14.8%
Technical Score81%
Fundamental Score87%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 1.5% above historical median. Valuation is stable — currently in the undervalued zone (z-score: -0.06). Confidence: 89%.

Live forward EPS implies next-12-month EPS of ₹90.41. Applying the stock's normalized valuation corridor produces a fair range of ₹2,932.00 to ₹3,553.11, with base value near ₹3,169.77 (+22.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹90.41

Forward P/E

28.7x

Base Fair Value

₹3,169.77

Fair Range

₹2,932.00 - ₹3,553.11

Upside To Base

+22.3%

Estimate Source

Live forward EPS

Growth Estimate

+75.6%

P/E
Undervalued

5Y Average

34.38

Current

35.60

Overvalued

39.30

Undervalued

32.43

EV/EBITDA
Fair

5Y Average

19.14

Current

19.82

Overvalued

20.33

Undervalued

17.54

P/B
Strongly Undervalued

5Y Average

6.39

Current

5.47

Overvalued

7.35

Undervalued

5.43

Peers & Comparison

Sector: Materials · Theme: Diversified Chemicals

Diversified Chemicals Peers8 peers
Avg P/E: 34.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
GODREJ INDUSTRIES LTD
GODREJINDDiversified Chemicals
+9.9%5.2%
35.0x
Fair
+2% vs avg
+19.7%
BASF INDIA LTD
BASFDiversified Chemicals
+24.5%4.0%
28.4x
Undervalued
-17% vs avg
-11.9%
PI INDUSTRIES LTD
PIINDDiversified Chemicals
-12.4%19.7%
31.6x
Fair
-8% vs avg
-27.7%
PIDILITE INDUSTRIES LTD
PIDILITINDDiversified Chemicals
+21.3%17.2%
64.4x
Premium
+87% vs avg
+7.0%
TATA CHEMICALS LTD
TATACHEMDiversified Chemicals
+14.4%-14.3%
-29.2%
ATUL LTD
ATULDiversified Chemicals
+25.0%12.0%
25.4x
Undervalued
-26% vs avg
+5.0%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.4x
Undervalued
-58% vs avg
+58.0%
ULTRATECH CEMENT LIMITED
ULTRACEMCOCement
+15.9%9.3%
41.7x
Premium
+21% vs avg
-3.3%
WHY THESE PEERS

SRF LTD trades in line with peers (35.8x vs avg 34.4x), reflecting a fair valuation within the Diversified Chemicals cohort. Peers include GODREJ INDUSTRIES LTD, BASF INDIA LTD, PI INDUSTRIES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.95K CrDec 2025

Latest net profit

₹432 CrDec 2025

Latest EPS

₹15.45Dec 2025

Net margin

20.6%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%6.0%12.0%18.0%24.0%0.00 Cr900 Cr1.80K Cr2.70K Cr3.60K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr900 Cr1.80K Cr2.70K Cr3.60K Cr₹0₹5₹10₹15₹20
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr750 Cr1.50K Cr2.25K Cr3.00K Cr

Latest reported period: Dec 2025

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales3,1422,7742,5872,5062,9202,7362,7042,7623,4963,0402,8532,952
Expenses2,2192,1001,9891,9752,2542,1812,1972,1782,5732,3212,1492,167
Operating Profit797545465390513400348425766554534609
OPM %25.37%19.65%17.96%15.58%17.57%14.62%12.89%15.38%21.91%18.22%18.73%20.65%
Other Income33.6520.9738.1127.7932.5535.0743.5552.7843.5739.530.0533.19
Interest81.3574.986.9166.2286.598.8388.610212060.3781.7889.91
Depreciation126129133141153155158159158166170176
Profit before tax749491416352459336303375689533483553
Tax %23.59%25.59%25.75%26.05%26.14%25.68%25.79%25.82%25.83%25.51%24.85%21.88%
Net Profit573365309260339250225278511397363432
EPS in Rs19.5912.3310.428.8714.758.437.599.4417.3113.3912.2315.45

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.26%50.26%50.26%50.26%50.26%
FII18.27%18.24%17.98%17.48%16.67%
DII18.46%18.88%19.56%20.21%21.21%
Government0.04%0.04%0.04%0.04%0.04%
Public9.49%9.44%9.14%8.92%8.83%
Others3.48%3.14%3.02%3.09%2.99%
Mar 2026
Promoters
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 29, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 23, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Jul 17, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 12, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 06, 2026PDFKnowledge Base Open