SRF Limited, incorporated in 1970, is a chemical-based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company was formerly known as Shri Ram Fibres and changed its name to SRF Limited in 1990. SRF Limited is headquartered in Gurugram, India, and has evolved into one of India's most diversified chemical conglomerates over its five-decade journey.
Established in 1970, SRF Limited, with an annual turnover of ₹14,592 Crore (US$ 1.8 billion), is a chemical-based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company operates as a multi-business chemicals conglomerate, with products that touch everyone's life in various applications without most people realizing it.
The company's diversified business portfolio covers Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, Coated and Laminated Fabrics. SRF operates through Technical Textiles Business, Chemicals Business, Packaging Film Business, and Others segments. Each segment represents a distinct area of expertise that contributes to the company's overall market leadership position.
* The Technical Textiles division offers a comprehensive range of products including polyester and nylon tyre cord, belting, coated, and laminated fabrics; and industrial and polyester industrial yarns. The company is the largest manufacturer of technical textiles in India, serving various industries including automotive, construction, and industrial applications.
* In the Chemicals business, SRF provides fluorochemicals (such as refrigerants for room air-conditioners, automobile air-conditioners, refrigerators, and chillers under the FLORON brand); propellants for the pharmaceutical sector under the Dymel brand; and industrial chemicals used in various applications comprising solvents in pharma, feedstock for agrochemicals, metal de-greasing, etching of stainless steel and glass, foam blowing agents, and dry-cleaning. The company also manufactures PTFE resins for automotive, chemical processing/plant construction, construction, electrical/electronic engineering, semiconductor, and pharma and medical applications under the Flonio brand.
* The Packaging Films segment focuses on bi-axially oriented polyethylene terephthalate and bi-axially oriented polypropylene films under the PETLAR and OPLAR brands. The company operates state-of-the-art facilities, having the capability to offer innovative solutions in BOPET and BOPP Films.
SRF is anchored by a strong workforce of 8,000+ employees from different nationalities working across eleven manufacturing plants in India and one each in Thailand, South Africa, and Hungary, with exports to 90+ countries. The company has operations in four countries: India, Thailand, South Africa, and Hungary, demonstrating its commitment to serving global markets through strategic manufacturing locations.
SRF operates chemical and polymer plants in Rajasthan, Uttarakhand, and Gujarat, India. The company's technical textiles plants are located in Tamil Nadu, Madhya Pradesh, and Uttarakhand. Its packaging film plants are situated at Uttarakhand and Madhya Pradesh.
SRF reported a market capitalization of ₹95,760 Crore (up 34.6% in 1 year), revenue of ₹14,693 Crore, and profit of ₹1,251 Crore. The company's latest quarterly results for Q3 FY25 showed strong performance with consolidated revenue increasing 14% from ₹3,053 Crore to ₹3,491 Crore when compared with the corresponding period last year. The company's Earnings before Interest and Tax (EBIT) increased 16% from ₹457 Crore to ₹529 Crore in Q3 FY25, while Profit after Tax (PAT) increased 7% from ₹253 Crore to ₹271 Crore.
For the most recent quarter Q4 FY25, SRF's revenue jumped 21% since last year same period to ₹4,347.83 Crore, while net profit jumped 24.6% to ₹526.06 Crore. The company's net profit margin jumped 2.97% since last year same period to 12.10% in Q4 FY25.
Key financial metrics as of recent data (FY24):
* Market Cap: ₹95,760 Crore
* Revenue: ₹14,693 Crore
* Net Profit: ₹1,251 Crore
* Stock P/E: 76.3
* ROE: 10.4%
* ROCE: 12.3%
SRF is a winner of the prestigious Deming Prize for two of its businesses, namely, Tyre Cord and Chemicals, and continues to redefine its work and corporate culture with TQM (Total Quality Management) as its management way. SRF Ltd was conferred Moneycontrol's best family business award at Network18's Indian Family Business Awards–2021, in Mumbai.
The company holds several market leadership positions:
* #1 India: Tyre Cord Fabrics, Belting Fabrics, Coated Fabrics, Specialty Chemicals, Refrigerants.
* #2 India: Packaging Films, Laminated Fabrics.
* #1 Globally: Difluoro & Trifluoro Alkyl Intermediates.
As of March 31, 2024, the company has applied for 443 patents, with thirteen patents applied during the quarter. Till date, the company has been granted one hundred and forty-nine patents globally. This demonstrates SRF's commitment to research and development and its focus on creating innovative solutions for its diverse customer base.
The company's board has approved the appointment of Ashish Bharat Ram as Chairman and Managing Director with effect from April 1. SRF's Chairman and Managing Director, Ashish Bharat Ram, was awarded the AIMA Managing India Award for the "Emerging Business Leader of the Year".
SRF is a market leader in most of its business segments in India and overseas. The company's diversified portfolio and global presence position it well to capitalize on growing demand across multiple industries. According to the Chairman and Managing Director, Ashish Bharat Ram, "We have seen a decent recovery this quarter", indicating positive momentum in the company's performance.
Promoter holding in SRF stands at 50.3%, demonstrating strong management commitment to the company's long-term growth strategy. The company continues to focus on expanding its manufacturing capabilities and exploring new market opportunities while maintaining its leadership position in existing segments.
