SRF Ltd (SRF) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+2.07%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 15.5%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 14.3%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹2,422.73

200-Day DMA ● Overlay

₹2,246.99

14-Day RSI ● Overlay

59.2 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹73,697 Cr

Large cap

Stock P/E (TTM) Valuation

32.9x

Price / EPS

Book Value (₹) Assets

₹474.0

P/B: 5.3x

ROE (%) Quality

14.3%

Net Profit / Equity

ROCE (%) Efficiency

14.6%

EBIT / Capital

Dividend Yield Yield

0.36%

Face Value: ₹10

Debt / Equity Solvency

0.36x

Manageable

EPS (TTM) Per Share

₹75.57

Trailing 12M

OPM (%) Spread

22.0%

EBITDA Margin

Free Cash Flow Cash

₹747.00 Cr

CFO - Capex

About SRF Ltd

SRF Ltd (SRF) is a leading Indian enterprise operating in the Chemicals & Fertilizers sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 15.8% × Turnover: 0.85x × Leverage: 1.36x = ROE: 14.3%

✓ Company Strengths (Pros)

• Delivers solid shareholder returns with an ROE of 14.3%.
• Maintains healthy operating profit margins of ~22.0%.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 5.3x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹17,001 Cr

Latest PAT

₹2,162 Cr

EPS (TTM)

₹75.57

OPM %

22.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹3,338 Cr	₹3,177 Cr	₹3,053 Cr	₹3,570 Cr	₹3,464 Cr	₹3,424 Cr	₹3,491 Cr	₹4,313 Cr	₹3,819 Cr	₹3,640 Cr	₹3,713 Cr	₹4,615 Cr	₹5,033 Cr
Operating Profit (EBITDA)	₹696.00 Cr	₹626.00 Cr	₹566.00 Cr	₹696.00 Cr	₹603.00 Cr	₹538.00 Cr	₹620.00 Cr	₹957.00 Cr	₹830.00 Cr	₹774.00 Cr	₹780.00 Cr	₹1,026 Cr	₹1,237 Cr
OPM %	21.0%	20.0%	19.0%	19.0%	17.0%	16.0%	18.0%	22.0%	22.0%	21.0%	21.0%	22.0%	25.0%
Interest Expense	₹66.00 Cr	₹79.00 Cr	₹67.00 Cr	₹90.00 Cr	₹97.00 Cr	₹94.00 Cr	₹96.00 Cr	₹89.00 Cr	₹80.00 Cr	₹71.00 Cr	₹66.00 Cr	₹62.00 Cr	₹69.00 Cr
Depreciation	₹157.00 Cr	₹161.00 Cr	₹169.00 Cr	₹186.00 Cr	₹188.00 Cr	₹194.00 Cr	₹194.00 Cr	₹195.00 Cr	₹203.00 Cr	₹212.00 Cr	₹217.00 Cr	₹220.00 Cr	₹223.00 Cr
Profit before Tax (PBT)	₹486.00 Cr	₹415.00 Cr	₹348.00 Cr	₹443.00 Cr	₹344.00 Cr	₹284.00 Cr	₹369.00 Cr	₹707.00 Cr	₹576.00 Cr	₹517.00 Cr	₹452.00 Cr	₹757.00 Cr	₹979.00 Cr
Net Profit (PAT)	₹359.00 Cr	₹301.00 Cr	₹253.00 Cr	₹422.00 Cr	₹252.00 Cr	₹201.00 Cr	₹271.00 Cr	₹526.00 Cr	₹432.00 Cr	₹388.00 Cr	₹433.00 Cr	₹582.00 Cr	₹759.00 Cr
EPS in ₹	₹12.12	₹10.15	₹8.55	₹14.24	₹8.51	₹6.79	₹9.14	₹17.75	₹14.58	₹13.10	₹14.60	₹19.63	₹25.60

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹4,540 Cr	₹4,593 Cr	₹4,822 Cr	₹5,589 Cr	₹7,100 Cr	₹7,209 Cr	₹8,400 Cr	₹12,434 Cr	₹14,870 Cr	₹13,139 Cr	₹14,693 Cr	₹15,787 Cr	₹17,001 Cr
Expenses	₹3,822 Cr	₹3,630 Cr	₹3,852 Cr	₹4,683 Cr	₹5,803 Cr	₹5,754 Cr	₹6,267 Cr	₹9,330 Cr	₹11,341 Cr	₹10,554 Cr	₹11,975 Cr	₹12,377 Cr	₹13,185 Cr
Operating Profit	₹717.00 Cr	₹963.00 Cr	₹969.00 Cr	₹906.00 Cr	₹1,297 Cr	₹1,455 Cr	₹2,133 Cr	₹3,103 Cr	₹3,529 Cr	₹2,584 Cr	₹2,718 Cr	₹3,410 Cr	₹3,817 Cr
OPM %	16%	21%	20%	16%	18%	20%	25%	25%	24%	20%	18%	22%	22%
Interest	₹138.00 Cr	₹130.00 Cr	₹102.00 Cr	₹124.00 Cr	₹198.00 Cr	₹201.00 Cr	₹134.00 Cr	₹116.00 Cr	₹205.00 Cr	₹302.00 Cr	₹376.00 Cr	₹278.00 Cr	₹267.00 Cr
Depreciation	₹245.00 Cr	₹275.00 Cr	₹283.00 Cr	₹316.00 Cr	₹358.00 Cr	₹389.00 Cr	₹453.00 Cr	₹517.00 Cr	₹575.00 Cr	₹673.00 Cr	₹772.00 Cr	₹852.00 Cr	₹872.00 Cr
Profit before Tax	₹399.00 Cr	₹585.00 Cr	₹657.00 Cr	₹582.00 Cr	₹818.00 Cr	₹1,018 Cr	₹1,612 Cr	₹2,586 Cr	₹2,824 Cr	₹1,692 Cr	₹1,704 Cr	₹2,302 Cr	₹2,705 Cr
Net Profit	₹303.00 Cr	₹430.00 Cr	₹515.00 Cr	₹462.00 Cr	₹642.00 Cr	₹1,019 Cr	₹1,198 Cr	₹1,889 Cr	₹2,162 Cr	₹1,336 Cr	₹1,251 Cr	₹1,835 Cr	₹2,162 Cr
EPS in Rs	10.55	14.97	17.94	16.08	22.33	35.46	40.44	63.72	72.95	45.06	42.20	61.91	72.93

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹58.00 Cr	₹58.00 Cr	₹58.00 Cr	₹58.00 Cr	₹58.00 Cr	₹58.00 Cr	₹60.00 Cr	₹297.00 Cr	₹297.00 Cr	₹297.00 Cr	₹297.00 Cr	₹297.00 Cr
Reserves & Surplus	₹2,238 Cr	₹2,705 Cr	₹3,124 Cr	₹3,506 Cr	₹4,071 Cr	₹4,875 Cr	₹6,796 Cr	₹8,268 Cr	₹10,030 Cr	₹11,182 Cr	₹12,329 Cr	₹13,745 Cr
Borrowings (Debt)	₹2,435 Cr	₹2,515 Cr	₹2,396 Cr	₹3,142 Cr	₹3,730 Cr	₹4,135 Cr	₹3,469 Cr	₹3,655 Cr	₹4,478 Cr	₹5,031 Cr	₹4,726 Cr	₹5,083 Cr
Total Liabilities	₹5,883 Cr	₹6,424 Cr	₹6,968 Cr	₹8,363 Cr	₹9,888 Cr	₹10,862 Cr	₹12,911 Cr	₹15,765 Cr	₹18,736 Cr	₹20,454 Cr	₹21,521 Cr	₹24,097 Cr
Fixed Assets	₹3,922 Cr	₹4,113 Cr	₹4,405 Cr	₹5,122 Cr	₹5,609 Cr	₹6,368 Cr	₹7,827 Cr	₹8,425 Cr	₹10,050 Cr	₹13,242 Cr	₹13,720 Cr	₹13,926 Cr
Total Assets	₹5,883 Cr	₹6,424 Cr	₹6,968 Cr	₹8,363 Cr	₹9,888 Cr	₹10,862 Cr	₹12,911 Cr	₹15,765 Cr	₹18,736 Cr	₹20,454 Cr	₹21,521 Cr	₹24,097 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹542.00 Cr	₹1,090 Cr	₹645.00 Cr	₹678.00 Cr	₹896.00 Cr	₹1,304 Cr	₹1,772 Cr	₹2,106 Cr	₹2,902 Cr	₹2,094 Cr	₹2,487 Cr	₹2,554 Cr
Cash from Investing (CFI)	-₹500.00 Cr	-₹667.00 Cr	-₹613.00 Cr	-₹1,174 Cr	-₹1,039 Cr	-₹1,179 Cr	-₹1,499 Cr	-₹1,586 Cr	-₹2,964 Cr	-₹2,231 Cr	-₹1,482 Cr	-₹1,589 Cr
Cash from Financing (CFF)	-₹18.00 Cr	-₹182.00 Cr	-₹284.00 Cr	₹495.00 Cr	₹246.00 Cr	-₹199.00 Cr	-₹251.00 Cr	-₹207.00 Cr	₹220.00 Cr	-₹72.00 Cr	-₹1,071 Cr	-₹708.00 Cr
Free Cash Flow (FCF)	₹58.00 Cr	₹511.00 Cr	₹5.00 Cr	-₹605.00 Cr	-₹157.00 Cr	-₹69.00 Cr	₹567.00 Cr	₹289.00 Cr	₹50.00 Cr	-₹108.00 Cr	₹1,265 Cr	₹747.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	49	41	50	44	53	45	55	53	44	54	54	59
Inventory Days	110	105	126	115	113	119	133	129	112	127	111	131
Cash Conversion Cycle (Days)	75	34	54	34	38	54	45	55	46	61	55	69
ROCE %	11%	14%	14%	11%	14%	14%	18%	24%	22%	13%	12%	15%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹1,154.16 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹2,510.60

DCF Fair Value

₹1,154.16

Graham Number

₹897.75

Margin of Safety

-58.6%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹1,154.16

Premium / Overvalued (Margin: -58.6%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹1,123	₹1,113	₹1,103	₹1,093
10%	₹1,144	₹1,134	₹1,123	₹1,113
12%	₹1,165	₹1,154	₹1,144	₹1,134
14%	₹1,186	₹1,175	₹1,164	₹1,154

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹1,154	Fairly Valued
Benjamin Graham Number	₹898	Market Priced
Historical Sector P/E	₹1,663	Premium
EV / EBITDA Multiplier	₹2,636	In-Line
Free Cash Flow Yield Model	₹2,460	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

4.41 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.36x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 22.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

50.26%

FIIs (Foreign)

15.45%

DIIs (Domestic)

22.44%

Government

0.15%

Public / Retail

11.81%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	50.53%	50.53%	50.31%	50.26%	50.26%	50.26%	50.26%	50.26%	50.26%	50.26%	50.26%	50.26%
+ FIIs (Foreign Portfolio)	19.80%	19.60%	19.09%	18.76%	18.30%	18.37%	18.28%	18.24%	17.98%	17.48%	16.67%	15.45%
+ DIIs (Mutual Funds / Insurance)	14.12%	14.51%	15.97%	16.57%	17.76%	17.78%	18.42%	18.85%	19.53%	20.18%	21.17%	22.44%
+ Public (Retail & HNIs)	15.57%	15.36%	14.66%	14.44%	13.66%	13.55%	13.01%	12.61%	12.20%	12.05%	11.87%	11.81%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Chemicals & Fertilizers.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

SRF Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

SRF Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

SRF Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹3,213.57

Accelerated market share capture in Chemicals & Fertilizers, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹2,811.87

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 33x P/E.

🐻 Bear Case (15%) -12.0%

₹2,209.33

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Chemicals & Fertilizers)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:44 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ SRF Ltd (SRF)	Target Stock	₹2,510.60	+2.07%	32.9x	14.3%	14.6%	0.36	₹73,697 Cr
Pidilite Industries Ltd (PIDILITIND)	Adhesives, Sealants & Construction Chems	₹1,574.40	-0.83%	56.3x	23.9%	31.0%	0.04	₹1.49 Lakh Cr
Deepak Nitrite Ltd (DEEPAKNTR)	Basic & Specialty Intermediates	₹1,591.60	+3.35%	25.7x	9.8%	11.4%	0.28	₹20,361 Cr
Aarti Industries Ltd (AARTIIND)	Benzene & Specialty Intermediates	₹484.00	+5.26%	32.3x	7.1%	6.9%	0.83	₹16,871 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:44:04 IST	✓ Live Sync
Financial Statements (10Y)	SRF Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

SRF Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About SRF Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Chemicals & Fertilizers)

Metric Explainer

Stock DNA Methodology

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