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SRF - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 04 May 26, 11:42 am

Fundamental Rating: 3.4

Stock Code SRF Market Cap 74,658 Cr. Current Price 2,519 ₹ High / Low 3,325 ₹
Stock P/E 41.5 Book Value 406 ₹ Dividend Yield 0.36 % ROCE 13.7 %
ROE 11.5 % Face Value 10.0 ₹ DMA 50 2,566 ₹ DMA 200 2,762 ₹
Chg in FII Hold -0.81 % Chg in DII Hold 0.99 % PAT Qtr 528 Cr. PAT Prev Qtr 363 Cr.
RSI 50.8 MACD -2.95 Volume 4,19,375 Avg Vol 1Wk 3,63,922
Low price 2,314 ₹ High price 3,325 ₹ PEG Ratio -7.43 Debt to equity 0.25
52w Index 20.3 % Qtr Profit Var 88.5 % EPS 58.4 ₹ Industry PE 19.0

📊 SRF demonstrates moderate fundamentals with strong quarterly PAT growth (+88.5%) and healthy EPS (₹58.4). The company maintains low leverage (Debt-to-equity: 0.25), which supports financial stability. However, valuations are stretched with a P/E of 41.5 compared to industry PE of 19.0, and a negative PEG ratio (-7.43) indicates earnings growth is not keeping pace with valuation. Current price ₹2,519 is near its support zone (₹2,450–2,500), making this range a cautious entry for long-term investors.

💡 Long-term investors may hold if ROCE improves beyond 15% and PAT growth sustains. Exit strategy: partial profit booking near ₹2,950–3,000 resistance or full exit if ROE/ROCE weaken further. Dividend yield (0.36%) is low, so capital appreciation remains the primary driver.

Positive

  • 📈 Strong PAT growth (+88.5% QoQ).
  • 💰 Low debt-to-equity ratio (0.25), ensuring balance sheet strength.
  • 🔎 EPS of ₹58.4 supports earnings visibility.

Limitation

  • ⚠️ ROE (11.5%) and ROCE (13.7%) are moderate, below ideal compounding levels.
  • 📊 High P/E (41.5) vs industry PE (19.0) indicates overvaluation.
  • 📉 Negative PEG ratio (-7.43) reflects weak growth relative to valuation.

Company Negative News

  • 📉 FII holding declined (-0.81%), showing reduced foreign investor confidence.
  • 📊 Price trading below 200 DMA (₹2,762), indicating medium-term weakness.

Company Positive News

  • 📈 DII holding increased (+0.99%), reflecting domestic institutional support.
  • 📊 Strong quarterly PAT growth and stable dividend yield.

Industry

  • 🏭 Specialty chemicals sector with industry PE of 19.0, SRF trades at a premium.
  • 📈 Sector growth supported by demand in packaging films, chemicals, and textiles.

Conclusion

⚖️ SRF is fundamentally strong with robust profit growth and low leverage but trades at expensive valuations. Ideal entry is near ₹2,450–2,500. Long-term investors may hold if ROCE improves and PAT growth sustains, while cautious profit booking near ₹2,950–3,000 is advisable. Monitoring valuation and institutional flows is essential.

This structured HTML report captures SRF’s fundamentals, valuation risks, and sector context with clear entry/exit guidance. Would you like me to extend this by benchmarking SRF against peers like Aarti Industries or PI Industries to highlight relative positioning in the specialty chemicals sector?

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