SRF logo

SRF share price

NSE: SRFBSE: 503806Chemicals & PetrochemicalsMid Cap

SRF Limited · Face value ₹10 · Listed May 1987 on BSE, Aug 2003 on NSE
Last close ₹2,335.00down ₹5.00 (0.21%)BSE ₹2,336.65

Share price at the NSE close on 27 Oct 2026. Previous close ₹2,340.00.

27 Oct: open ₹2,320.00, high ₹2,344.00, low ₹2,305.00

52-week range of traded prices to 27 Oct 2026
₹2,178.30Low, 22 Oct 2026₹3,143.00High, 26 Dec 2025
Market cap
₹69,215 Cr134th largest listed
P/E
30.32
P/B
4.52
Dividend yield
0.43%
ROE
16.0%
ROCE
15.1%
Debt to equity
0.34
Volume, NSE
4,27,46459.7% delivered

SRF share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−22.7%over a year · Nifty Chemicals −8.2% · Nifty 500 −8.8%

ResultsDividend20-session average 3,54,384 shares a day, 49.1% delivered

About SRF

SRF Limited is a chemicals-based, multi-business conglomerate that makes industrial and specialty intermediates (chemicals used to make other products), packaging films and aluminium foil, technical textiles, and coated and laminated fabrics.123 Its products range from refrigerant gases to tyre cord fabric, and its customers span industries including automotive, pharmaceuticals, air conditioning and refrigeration, agrochemicals, food and agriculture, renewable energy and FMCG, in India and abroad.345

It operates 16 manufacturing facilities, 13 in India and the rest in Thailand, South Africa and Hungary, has an office in Dubai, and has commercial interests in over 90 countries.5 In India, chemicals are made at Dahej in Gujarat and Bhiwadi in Rajasthan, films at 3 plants in Indore, Madhya Pradesh, and technical textiles at Manali, Gummidipoondi and Viralimalai in Tamil Nadu and at Malanpur in Madhya Pradesh.6 Wholly owned subsidiaries make performance films in Thailand, South Africa and Hungary.7

It was incorporated in 1970.8 Its parent company is KAMA Holdings Limited, which owns a majority stake in SRF and is chaired by Kartik Bharat Ram, Joint Managing Director.29 Kartik Bharat Ram and Ashish Bharat Ram, Chairman and Managing Director, are sons of the promoter Arun Bharat Ram.9

SRF key points

Results

  • Consolidated results, quarter to Sep 2026101112
    Itemquarter to Sep 2026quarter to Sep 2025
    Revenue from operations₹4,904.2 crore₹3,640.2 crore
    Operational EBIT₹816.0 crore₹650.1 crore
    Profit after tax₹509.1 crore₹388.2 crore
    Operational EBIT is the company's measure of operating profit before interest and tax.
  • Consolidated results, year to Mar 2026131415
    Itemyear to Mar 2026year to Mar 2025
    Revenue from operations₹15,786.51 crore₹14,693.07 crore
    EBITDA₹3,705 crore–
    Operational EBIT₹3,008 crore–
    Profit after tax₹1,835.18 crore₹1,250.78 crore
    EBITDA is profit before interest, tax, depreciation and amortisation.

Business segments

  • Revenue by segment, ₹ crore, quarter to Sep 2026103
    Itemquarter to Sep 2026quarter to Sep 2025
    Chemicals2,079.51,666.9
    Performance films and foil2,122.41,408.1
    Technical textiles595.1474.3
    Others (coated and laminated fabrics)107.290.8
  • Chemicals. Fluorochemicals such as refrigerants, pharmaceutical propellants, chloromethanes, hydrogen fluoride and fluoropolymers (heat- and chemical-resistant plastics), and specialty intermediates for pharmaceutical and agrochemical makers. Operational EBIT was ₹528 crore in the quarter to Sep 2026, against ₹481 crore a year earlier.161718
  • Performance films and foil. BOPP and BOPET films (stretched plastic films, mainly for packaging), CPP and capacitor-grade films, and aluminium foil through SRF Altech. Operational EBIT was ₹206 crore in the quarter to Sep 2026, against ₹119 crore a year earlier.161920
  • Technical textiles. Nylon and polyester tyre cord fabric, belting fabric and industrial yarn. Operational EBIT was ₹72 crore in the quarter to Sep 2026, against ₹42 crore a year earlier.321

Where revenue comes from

  • Exports made up 51% of consolidated revenue in the year to Mar 2026.15

Plants and capacity

  • Technical textiles capacity is 60,000 tonnes a year of tyre cord fabric; belting fabric capacity at Viralimalai, Tamil Nadu, is 22,000 tonnes a year.22
  • A CPP (cast polypropylene) film line was commissioned in Nov 2025, and a capacitor-grade film line in the quarter to Jun 2026; commercial sales of capacitor-grade film have begun.2324
  • On its earnings call of 20 Jan 2026, the company said it cannot add HFC refrigerant capacity, as quotas under the Kigali Amendment (a global pact to cut HFC use) rest on average output in 2024, 2025 and 2026.2526

Customers and partners

  • On its earnings call of 20 Jan 2026, the company said it was building plants to make higher-end fluoropolymers for The Chemours Company, not PTFE; on 22 Oct 2026 it said the projects were on track.272518

Research and development

  • Its Chemicals Technology Group (CTG) at Bhiwadi and Gurugram leads chemicals R&D; in the year to Mar 2026 it worked on over 50 molecules, more than 35 reached scale-up and over half of those were commercialised.2829
  • In its presentation of 22 Oct 2026, the company said site work was under way for EHF (a chip wafer-cleaning chemical), to be capitalised (completed and put into use) in the quarter to Dec 2027, and a polyester thick film project was under implementation.3031

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that it plans capital spending of about ₹2,500 crore in the coming year.32
  • The company stated in its annual report for the year to Mar 2026 that it plans to invest about ₹2,300 crore over 2 years at a new Odisha site, including a 20,000 tonnes a year HFO plant (low global-warming refrigerants) and backward integration into intermediates.333435
  • In its presentation of 22 Oct 2026, the company said the HFO project had environmental clearance and was on track to be capitalised in the quarter to Mar 2028.31
  • In its presentation of 22 Oct 2026, the company said its board had approved an aluminium foil project for batteries, with a 23-month first phase, and that final commissioning of its PVDF plant (a fluoropolymer used in battery binders) was under way.24

Litigation and regulatory matters

  • In a notice dated 29 Sep 2026, GST authorities in Vadodara proposed disallowing ₹266.32 crore of input tax credit (credit for GST paid on purchases) claimed in earlier years; the company said on 1 Oct 2026 it intends to contest it.36
  • An income tax demand of ₹327.44 crore, which the company attributed to a technical error, was cut to ₹9.46 crore on rectification; on 27 Jul 2026 the company said it was weighing legal recourse for the rest.37
  • A 22 Jan 2026 filing disclosed customs duty and penalty of about ₹38.49 crore imposed by the Commissioner of Customs, Chennai-II, over the classification of imported raw materials; by its annual report of 6 Jun 2026 the company had appealed to CESTAT (a tax tribunal).3839
  • A 16 Dec 2025 filing disclosed an income tax tribunal (ITAT) case on carbon emission reduction certificates, put at about ₹99 crore of tax. On 20 Jan 2026, the company said it booked ₹99 crore as a tax credit after a favourable ITAT order.4041

Last updated

All 41 sources, each with its page
  1. 1. Annual report, 6 Jun 2026, page 105
  2. 2. Annual report, 6 Jun 2026, page 191
  3. 3. Annual report, 6 Jun 2026, page 170
  4. 4. Annual report, 6 Jun 2026, page 58
  5. 5. Annual report, 6 Jun 2026, page 105
  6. 6. Annual report, 6 Jun 2026, page 57
  7. 7. Annual report, 6 Jun 2026, page 88
  8. 8. Annual report, 6 Jun 2026, page 57
  9. 9. Annual report, 6 Jun 2026, page 85
  10. 10. Investor presentation, 22 Oct 2026, page 7
  11. 11. Investor presentation, 22 Oct 2026, page 8
  12. 12. Investor presentation, 22 Oct 2026, page 5
  13. 13. Annual report, 6 Jun 2026, page 88
  14. 14. Investor presentation, 22 Oct 2026, page 25
  15. 15. Investor presentation, 22 Oct 2026, page 29
  16. 16. Annual report, 6 Jun 2026, page 33
  17. 17. Annual report, 6 Jun 2026, page 104
  18. 18. Investor presentation, 22 Oct 2026, page 9
  19. 19. Annual report, 6 Jun 2026, page 88
  20. 20. Investor presentation, 22 Oct 2026, page 11
  21. 21. Investor presentation, 22 Oct 2026, page 12
  22. 22. Annual report, 6 Jun 2026, page 34
  23. 23. Annual report, 6 Jun 2026, page 107
  24. 24. Investor presentation, 22 Oct 2026, page 17
  25. 25. Earnings call, 20 Jan 2026, page 15
  26. 26. Earnings call, 20 Jan 2026, page 13
  27. 27. Earnings call, 20 Jan 2026, page 14
  28. 28. Annual report, 6 Jun 2026, page 27
  29. 29. Annual report, 6 Jun 2026, page 106
  30. 30. Investor presentation, 22 Oct 2026, page 17
  31. 31. Investor presentation, 22 Oct 2026, page 18
  32. 32. Annual report, 6 Jun 2026, page 5
  33. 33. Annual report, 6 Jun 2026, page 4
  34. 34. Annual report, 6 Jun 2026, page 25
  35. 35. Earnings call, 20 Jan 2026, page 5
  36. 36. Exchange filing, 1 Oct 2026, page 1
  37. 37. Exchange filing, 27 Jul 2026, page 1
  38. 38. Exchange filing, 22 Jan 2026, page 1
  39. 39. Annual report, 6 Jun 2026, page 63
  40. 40. Exchange filing, 16 Dec 2025, page 2
  41. 41. Earnings call, 20 Jan 2026, page 6

Results

Consolidated; ₹ crore.SRF quarterly results

Revenue growth, 12 months
+19.7%
Net profit growth, 12 months
+41.1%

Quarter to Sep 2026, against the quarter before

Revenue
₹4,904 Crdown 2.56%
Net profit
₹509 Crdown 32.91%
Net margin
10.4%

Revenue by quarter

₹3,491 CrDec 24₹4,313 CrMar 25₹3,819 CrJun 25₹3,640 CrSep 25₹3,713 CrDec 25₹4,615 CrMar 26₹5,033 CrJun 26₹4,904 CrSep 26
Peak revenue ₹5,033 Cr, quarter to Jun 2026; lowest ₹3,491 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹271 CrDec 24₹526 CrMar 25₹432 CrJun 25₹388 CrSep 25₹433 CrDec 25₹582 CrMar 26₹759 CrJun 26₹509 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue3,4914,3133,8193,6403,7134,6155,0334,904
Net profit271526432388433582759509
Net margin7.8%12.2%11.3%10.7%11.7%12.6%15.1%10.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Chemicals Business (CB)₹7,779 Crup 16.26%49.3%
  • Performance Films & Foil Business (PFB)₹5,764 Crup 3.79%36.5%
  • Technical Textiles Business (TTB)₹1,877 Crdown 7.49%11.9%
  • Others₹366 Crdown 14.31%2.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2020: days before it are of the company before the change.SRF PE ratio and valuation

Price to earnings

At or below today's level on 43% of 2,478 trading days over the last 10 years.

LowestHighest
Its median33.02Industry median24.22
Price to book

At or below today's level on 19% of 1,978 trading days since Nov 2018.

LowestHighest
Its median6.33Industry median2.48
Dividend yield

At or below today's level on 70% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.34%Industry median0.55%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−16.7%+46.0%−43.2%0.4%
3 years+0.7%−5.3%+6.0%0.3%
5 years+17.9%+8.5%+8.4%0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.SRF shareholding pattern

Shareholding by group

  • Promoters50.26%
  • Foreign institutions15.20%
  • Indian institutions22.51%
  • Governments0.04%
  • Individuals and others11.99%
Holder
KAMA HOLDINGS LIMITEDPromoter49.13%
LICI NEW ENDOWMENT PLUS-SECURED FUNDInsurance companies3.51%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.89%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I1.75%
NPS TRUST A/C - LIC PENSION FUND - UPS POOL CG SCProvident and pension funds1.58%
AMANSA HOLDINGS PRIVATE LIMITEDForeign portfolio investors, category I1.17%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.25 pts, Indian institutions +0.07 pts, mutual funds +0.13 pts.

Mutual fund holdings

194 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 98 of the 112 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 194 funds holding SRF

Bought for the first time
1
Bought again
3
Added
59
Cut
53
Held unchanged
74
Sold out
6
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.SRF insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 4 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

SRF competitors and peers

Specialty Chemicals, 130 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to SRF in market cap.Chemical companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Pidilite Industries logoPidilite IndustriesPIDILITIND1,47,68855.7513.63+14.1%+21.4%25.7%30.3%0.79%
Gujarat Fluorochemicals logoGujarat FluorochemicalsFLUOROCHEM46,52975.665.92+9.5%−1.1%8.1%9.8%0.07%
Navin Fluorine International logoNavin Fluorine InternationalNAVINFLUOR42,35053.6310.66+42.4%+122.7%23.9%20.7%0.18%
Aether Industries logoAether IndustriesAETHER20,406–8.31+33.8%––10.7%0.00%
Deepak Nitrite logoDeepak NitriteDEEPAKNTR19,52524.933.35+7.1%+29.2%14.0%14.8%0.52%
Atul logoAtulATUL15,93820.652.42+18.1%+42.4%12.4%12.5%0.55%
Aarti Industries logoAarti IndustriesAARTIIND15,80529.752.65+27.1%+123.7%9.2%7.9%0.23%
Fine Organic Industries logoFine Organic IndustriesFINEORG15,66035.745.88+7.3%+5.7%17.7%17.6%0.22%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.SRF dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.4Mar 182.4Mar 192.8Mar 204.8Mar 217.2Mar 227.2Mar 237.2Mar 247.2Mar 259Mar 265Mar 27so far
Highest ₹9.00 a share, year to Mar 2026.
Ex-dateTypePer share
28 Jul 2026Interim₹5.00
27 Jan 2026Interim₹5.00
29 Jul 2025Interim₹4.00
4 Feb 2025Interim₹3.60
31 Jul 2024Interim₹3.60
7 Feb 2024Interim₹3.60
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.SRF announcements

SRF share price by year

Each calendar year to 2025.SRF share price history

YearClose at year endChangeHighest closeLowest close
20253,075.00+37.4%3,286.502,211.30
20242,237.95−9.7%2,669.052,143.65
20232,479.25+8.2%2,587.402,105.20
20222,290.35−5.4%2,826.052,052.70
20212,420.10+117.1%2,491.371,050.61
20201,114.78+62.2%1,114.78530.99
2019687.22+71.8%687.22393.29
2018399.93+0.9%480.40312.66
2017396.24+28.1%396.24287.09
2016309.29+22.3%384.97207.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,290.002,340.002,270.102,340.002,306.862,08,89141.9%
23 Oct 20262,344.102,392.202,296.802,310.002,337.385,11,88730.7%
22 Oct 20262,275.002,372.502,178.302,330.602,297.9319,14,94534.8%
21 Oct 20262,430.002,442.702,260.002,305.002,331.877,24,88135.1%
19 Oct 20262,472.102,474.702,415.102,432.002,434.042,15,33344.6%
16 Oct 20262,495.002,498.602,461.202,472.102,477.582,40,74965.3%
15 Oct 20262,499.702,510.702,467.302,492.802,489.932,39,45740.9%
14 Oct 20262,492.002,521.402,472.002,499.702,497.721,67,41855.9%
13 Oct 20262,469.202,494.902,452.502,492.002,472.781,30,76462.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
13 Oct 2021Bonus0.2000Holders received 4 bonus shares for every 1 held.
21 Jan 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
Ashish Bharat Ram
At the end of the quarter to Sep 2026
Managing director
Kartik Bharat Ram
At the end of the quarter to Sep 2026
NSE symbol
SRF
BSE code
503806
ISIN
INE647A01010
Industry
Chemicals & Petrochemicals
CIN
L18101DL1970PLC005197
Corporate identity number, the registrar of companies' code for it
Incorporated
1970
Registered office
The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, 2nd floor, Mayur Place, Noida Link Road, Mayur Vihar Phase I Extn, New Delhi 110091, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments