SRF Ltd Stock Analysis

BSE: 503806 | NSE: SRF | Diversified | Large Cap

BSE Share Price 25-Nov-2022 18:01
2278.80 18.65 (0.83%)

DeciZen - Make an Informed Decision on SRF

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

SRF Price Chart

P/E Ratio (CD) :
30.65
Market Cap :
67,549.3 Cr.
52-wk low :
1,975
52-wk high :
2,864.4
Bole Toh?

1. Is SRF Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SRF Ltd is a good quality company.

2. Is SRF Ltd undervalued or overvalued?

The key valuation ratios of SRF Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is SRF Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SRF Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SRF:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SRF Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.2%6.1%8.2%10.5%10.3%8.4%10.3%12.5%13.4%17.2%-
Value Creation Index -0.3-0.6-0.4-0.2-0.2-0.4-0.20.10.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,7834,0184,5404,5934,8225,5897,1007,2098,40012,43414,323
YoY Gr. Rt. %-6.2%13%1.2%5%15.9%27%1.6%16.5%48%-
Adj EPS 8.469.515.216.914.921.231.640.261.974.2
YoY Gr. Rt. %--27.8%57.6%59.1%11.8%-11.8%41.7%49.5%26.9%54.2%-
BVPS (₹) 67.570.978.996.2110.8124.1143.6171.6231.4288.8311.2
Adj Net Profit 2401732734354864296089091,1901,8362,200
Cash Flow from Ops. 4233475421,0906456788961,3041,7722,106-
Debt/CF from Ops. 46.34.52.33.74.64.23.11.91.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%20.9%20.5%48%
Adj EPS 24.9%29.6%43%54.2%
BVPS 17.521.126.224.8
Share Price 49.3% 43.8% 53.3% 9.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.68.612.517.216.412.715.820.120.223.824.7
Op. Profit Mgn % 16.5131621.220.116.218.620.225.42525.2
Net Profit Mgn % 6.44.369.510.17.78.612.614.214.815.4
Debt to Equity 0.91.11.10.90.80.90.90.80.50.40.2
Working Cap Days 113127125123130144146150136124137
Cash Conv. Cycle 6477776139313040353914

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.70%

Sales growth is growing at healthy rate in last 3 years 20.54%

Net Profit is growing at healthy rate in last 3 years 43.03%

Debt to equity has declined versus last 3 years average to 0.41

Sales growth is good in last 4 quarters at 41.13%

No data to display

Latest Financials - SRF Ltd.

Standalone Consolidated
TTM EPS (₹) 62.5 74.2
TTM Sales (₹ Cr.) 11,352 14,323
BVPS (₹.) 278.4 311.2
Reserves (₹ Cr.) 7,955 8,927
P/BV 8.19 7.31
PE 36.49 30.65
From the Market
52 Week Low / High (₹) 1975.00 / 2864.35
All Time Low / High (₹) 1.40 / 2864.35
Market Cap (₹ Cr.) 67,549
Equity (₹ Cr.) 296.4
Face Value (₹) 10
Industry PE 33.4

Management X-Ray of SRF :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SRF

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

SRF Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SRF on 25-Nov-2022 18:01 is : 2,278.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Nov-2022 18:01 the market cap of SRF stood at ₹ 67,549.3.
The latest PE ratio of SRF as of 25-Nov-2022 18:01 is 36.49.
The latest PB ratio of SRF as of 25-Nov-2022 18:01 is 8.19
The 52-week high of SRF is ₹ 2,864.4 and the 52-week low is ₹ 1,975.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of SRF is ₹ 11,352 ( Cr.) .

About SRF Ltd

SRF began as Shri Ram Fibres in 1970 when its parent company DCM decided to set up a separate entity to manufacture nylon tyre cord fibres. Its formation was a result of the foresight that nylon was the future material for tyre cord fibres. The company established its first plant in Manali near Chennai in 1973. Over the years, the company not only expanded its product range under the Technical Textiles but also diversified into many adjacent businesses. Besides Technical Textiles, the company’s business profile constitutes Fluorochemicals, Specialty Chemicals and Packaging Films. Equipped with state-of-the-art R&D facilities, the company boasts of its Chemical Technology Group that is actively involved in process innovations and product development.

Business area of the company

The Company is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company classifies its businesses as Technical Textiles, Chemicals, Packaging Films and Other Businesses.

Products

The company’s product portfolio broadly categorized into - Technical Textiles, Chemicals and Packaging Films.

Milestones

  • 1970: Incorporated as Shri Ram Fibres
  • 1973: The Company established its first plant in Manali near Chennai.
  • 1974: Commenced operations of nylon tyre cord at Manali.
  • 1977: Production of fishnet twines started.
  • 1979: Commenced production of nylon engineering plastics.
  • 1983: Commissioning of belting fabrics at Viralimalai.
  • 1986: Set up SRF Finance Ltd.
  • 1986: Commissioning of coated fabrics at Viralimalai.
  • 1989: Entered Chemicals Business with production of refrigerants.
  • 1990: Shri Ram Fibres renamed as SRF Ltd.
  • 1993: Divested SRF Nippondenso.
  • 1995: Commercial production of Chloromethanes.
  • 1995: Ventured into Packaging Films Business.
  • 1995: Started Vision Care Division at Bangalore.
  • 1996: Set up the company’s first overseas plant (tyre cord) in Dubai.
  • 1996: Acquired Ceat’s tyre cord fabrics plant situated at Gwalior.
  • 1997: Divested Vision Care Division.
  • 1997: Divested SRF Finance Ltd. to GE Capital.
  • 2000: Acquired Dupont’s tyre cord fabrics plant situated at Gummidipoondi.
  • 2002: Polyester films, fishnet twines and engineering plastics businesses spun off as a separate entity; SRF Polymers Ltd.
  • 2004: Became the first tyre cord company outside Japan to win the Deming Prize.
  • 2008: Acquired two foreign companies - Thailand based Thai Baroda Industries Limited (TBIL), a manufacturer of nylon tyre cord, and South Africa based Industex Technical Textile (Pty) Limited, a manufacturer of belting fabrics.
  • 2009: Purchase of two businesses of SRF Polymers Ltd., the Engineering Plastics and the Industrial Yarn Business.
  • 2009: Became the first Indian manufacturer of polyester industrial yarn (PIY) by setting up a 14,400 MT PIY for producing PIY to be used in radial tyres, conveys belts and coated fabrics.
  • 2010: Ventured into Laminated Fabrics by setting up a green-field plant of 900 sqm annual capacity at Kashipur.
  • 2012: Commenced operations in the newly commissioned Chemical Complex at Dehej in Gujarat.
  • 2012: Wins the prestigious Deming Prize for the Chemicals Business.
  • 2013: Set up green-field facility for BOPET films in Thailand.
  • 2013: Ventured into BOPP films by setting up a green-field plant in South Africa.
  • 2014: Scaled up its HFC 134a capacity by three fold to around 17,500 tonnes per annum with the commissioning for its second HFC 134a plant of 12,500 tpa capacity at Dahej.
  • 2015: SRF acquires Global DuPont Dymel HFC 134a Pharma Business.
  • 2017: SRF inks Pact to Buy Mexichem’s HFC-125 Assets.
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