# SRF (SRF) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/srf

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,512
- Change: -0.95%
- As of: 2026-09-18
- 1D return: -0.95%
- 5D return: -0.28%
- 1M return: -2.43%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, SRF's technical stance is primarily bearish across multiple timeframes, with the current price of ₹2536.0 trading below key moving averages on daily, weekly, and monthly charts. Daily indicators like the ADX at 22.88 suggest a lack of strong trending momentum, while the Supertrend direction is bearish. This is consistent with the weekly and monthly timeframes, which also show bearish Supertrend signals and prices below their respective moving averages. The stock has experienced recent anomalies, including an upward price move with extreme volume on September 17, 2026, and a wide intraday range with a downward return on September 4, 2026. The nearest support is observed at ₹2510.9, approximately 0.99% below the current price, with further support at ₹2477.7. Resistance is noted around ₹2541.7, about 0.22% higher, and then at ₹2574.9.

The stock's risk profile includes an annualized volatility of 31% and a current drawdown of -23%. The nearest resistance level at ₹2541.7 presents an immediate hurdle, while a break below the support at ₹2510.9 could signal further downside. A weekly Harami pattern was active as of September 17, 2026, suggesting potential for a reversal, though daily indicators remain bearish. Key watch conditions include monitoring price action around the ₹2510.9 support level and the ₹2541.7 resistance level, as well as observing any significant shifts in volume accompanying price movements.

- The stock's current price is ₹2536.0 as of September 17, 2026.
- Daily, weekly, and monthly timeframes indicate a bearish technical stance, with prices trading below key moving averages and Supertrend signals.
- Nearest support is at ₹2510.9 (0.99% below current price), with resistance at ₹2541.7 (0.22% above current price).
- The stock exhibits annualized volatility of 31% and a current drawdown of -23%.
- Watch for price action at support level ₹2510.9 and resistance level ₹2541.7, and for significant volume accompanying price changes.

- Harami
- Outside Bar
- Evening Star
- Doji

### News Context

HSBC has indicated a potential 33% upside for SRF shares, citing two key factors. Firstly, the diversion of production quotas towards R134a could help mitigate the impact of excess R32 capacity. Secondly, HSBC anticipates that a recovery in SRF's specialty chemicals business may serve as a catalyst for share price momentum. These views were reported on September 17, 2026.

- HSBC expects a 33% upside on SRF shares, as reported on September 17, 2026.
- A potential catalyst identified by HSBC is the diversion of production quota towards R134a, which could offset excess R32 capacity.
- HSBC also anticipates a pickup in SRF's specialty chemicals business as a driver for share momentum.

- Explained - Here's why HSBC expects a 33% upside on SRF shares

### What Changed

As of September 17, 2026, SRF's stock price was ₹2536.0, an increase from its previous price of ₹2480.1. The available evidence does not provide details on daily or weekly trends for either the current or previous periods, nor does it include any new filings or news developments since the prior snapshot. Therefore, the primary recent change observed is the stock price movement.

- SRF stock price increased to ₹2536.0 on September 17, 2026, from ₹2480.1.
- No new filings or news developments were reported for SRF as of September 18, 2026.

### Official Filings

SRF Limited reported strong financial results for the quarter ended June 30, 2026 (Q1FY27). Consolidated revenue increased by 32% year-over-year to ₹5,033 crore. Operational earnings before interest and taxes (EBIT) saw a significant rise of 61% to ₹1,116 crore, and profit after tax (PAT) grew by 76% to ₹759 crore. The Performance Films & Foil Business was a notable contributor, with revenue up 42% and operating profit up 149%. The Board of Directors approved a capital expenditure of ₹250 crore for a new BOPET Thick Film Line and declared an interim dividend of ₹5 per share.

In a separate development, the Income Tax Department reduced the demand against SRF Limited for Assessment Year 2022-23 from ₹327.44 crore to ₹9.46 crore, following a rectification application. The company is evaluating the order for potential legal recourse on the remaining amount. Additionally, SRF Limited has set record dates for the redemption of two commercial papers maturing in August and October 2026.

- On July 22, 2026, SRF Limited announced Q1FY27 results: consolidated revenue ₹5,033 crore (up 32%), operational EBIT ₹1,116 crore (up 61%), and PAT ₹759 crore (up 76%).
- The Board approved a ₹250 crore investment for a BOPET Thick Film Line.
- An interim dividend of ₹5 per share was declared on July 22, 2026.
- On July 27, 2026, the Income Tax Department reduced a demand for Assessment Year 2022-23 from ₹327.44 crore to ₹9.46 crore.
- Record dates of August 20, 2026, and October 6, 2026, were set for the redemption of commercial papers maturing in August and October 2026, respectively.

- KAMA Realty (Delhi) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- Record Date Updates |SUBJECT: Record Date Updates

### Fundamentals

SRF's reported financials show a consistent upward trend in revenue from operations across the observed periods. Revenue grew from ₹3,712.53 crore in Q3 FY2025-26 to ₹5,033.26 crore in Q1 FY2026-27. This top-line growth appears to be translating into improved profitability, as indicated by the increase in Profit Before Exceptional Items And Tax, which rose from ₹524.91 crore in Q3 FY2025-26 to ₹979.15 crore in Q1 FY2026-27. The company's finance costs remained relatively stable, fluctuating between ₹61.96 crore and ₹68.62 crore over the same periods. However, "Other Unallocable Expenditure Net Off Un Allocable Income" showed significant variability, decreasing sharply from ₹191.53 crore in Q4 FY2025-26 to ₹68.35 crore in Q1 FY2026-27. Tax expenses, including both current and deferred tax, also saw fluctuations. Current tax increased from ₹118.13 crore in Q3 FY2025-26 to ₹175.08 crore in Q4 FY2025-26 before slightly decreasing to ₹172.40 crore in Q1 FY2026-27. Deferred tax, which was nil in Q4 FY2025-26, stood at ₹47.88 crore in Q1 FY2026-27 after being a negative ₹99.12 crore in Q3 FY2025-26. The overall trajectory suggests revenue growth is supporting profit expansion, though the volatility in unallocable expenses and deferred tax warrants monitoring.

- Revenue from operations increased sequentially from ₹3,712.53 crore in Q3 FY2025-26 to ₹5,033.26 crore in Q1 FY2026-27.
- Profit Before Exceptional Items And Tax grew from ₹524.91 crore in Q3 FY2025-26 to ₹979.15 crore in Q1 FY2026-27.
- Finance costs remained between ₹61.96 crore and ₹68.62 crore from Q3 FY2025-26 to Q1 FY2026-27.
- Other Unallocable Expenditure Net Off Un Allocable Income decreased significantly from ₹191.53 crore in Q4 FY2025-26 to ₹68.35 crore in Q1 FY2026-27.
- Current tax expense was ₹118.13 crore in Q3 FY2025-26, ₹175.08 crore in Q4 FY2025-26, and ₹172.40 crore in Q1 FY2026-27.

### Bull Case

External analysts have noted potential catalysts for SRF, including a pickup in its speciality chemicals business. Additionally, a diversion of production quota towards R134a could help offset impacts from excess R32 capacity, according to one report. While the daily and weekly technical trends are currently showing a bearish direction, with the 20-day Exponential Moving Average (EMA) below the 50-day EMA and the Supertrend indicator in a bearish state, recent short-term returns show some positive movement. The stock has seen a 2% return in the last trading day and a 2% return over the last six months, though longer-term returns remain negative.

- HSBC expects a pickup in SRF's speciality chemicals business to act as a potential catalyst.
- A diversion of production quota towards R134a could partly offset the impact of excess R32 capacity.
- SRF's share price experienced a 2% return in the last trading day.
- The company has achieved a 2% return over the past six months.

- Explained - Here's why HSBC expects a 33% upside on SRF shares

### Bear Case

The company's technical indicators suggest a cautious outlook. Daily, weekly, and monthly trends are all indicated as bearish by the Supertrend indicator. The closing price of ₹2536.0 on September 17, 2026, is below the 20-day, 50-day, and 200-day Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), with negative slopes observed for most moving averages. The stock has experienced a year-to-date return of -0.17 and a 1-year return of -0.14. Current drawdown stands at -0.23, with a maximum drawdown of -0.27, indicating significant past price depreciation. Volatility remains a factor, with annualized volatility at 0.31 and an ATR percentage of 1.95.

- The Supertrend indicator shows a bearish trend across daily, weekly, and monthly timeframes as of September 17, 2026.
- The stock's closing price of ₹2536.0 on September 17, 2026, is below its 20-day, 50-day, and 200-day SMAs and EMAs.
- The year-to-date return is -0.17 and the 1-year return is -0.14.
- The current drawdown is -0.23, with a maximum drawdown recorded at -0.27.

- Explained - Here's why HSBC expects a 33% upside on SRF shares

### FAQs

**What was the impact of the Income Tax Department's decision on SRF Limited's tax demand?**

On July 27, 2026, SRF Limited announced that the Income Tax Department had reduced its tax demand for Assessment Year 2022-23. The demand was lowered from ₹327.44 crores to ₹9.46 crores following the disposal of the company's rectification application. SRF Limited is currently analyzing the order to determine legal recourse for the remaining amount.

**What are the key technical indicators suggesting about SRF Limited's current trend?**

As of September 17, 2026, SRF Limited's daily trend indicators suggest a bearish outlook. The Super Trend indicator is at 2604.51, indicating a bearish direction. The 20-day Exponential Moving Average (EMA) is 2547.56, and its 5-day slope is negative at -33.87, while the 50-day EMA is 2602.92. On a monthly basis, the Super Trend is also bearish at 3474.85, with the 20-day EMA at 2729.13.

**What recent financial events has SRF Limited communicated to the exchange?**

SRF Limited has communicated several financial events. On August 6, 2026, the company set record dates of August 20, 2026, and October 6, 2026, for the redemption of two commercial papers maturing on August 21, 2026, and October 7, 2026, respectively. Additionally, on July 29, 2026, the company disclosed transcripts of its earnings call held on July 23, 2026, concerning the un-audited financial results for the quarter ended June 30, 2026.

**What is an external analyst's view on SRF Limited's potential share price movement?**

HSBC has expressed an opinion expecting a 33% upside on SRF Limited's shares. According to their analysis, a shift in production quota towards R134a could help offset the impact of excess R32 capacity. They also view a potential pickup in SRF's speciality chemicals business as a possible catalyst for share price momentum.

- Explained - Here's why HSBC expects a 33% upside on SRF shares
- KAMA Realty (Delhi) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- Record Date Updates |SUBJECT: Record Date Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹2,530.33
- Risk regime: Price Risk Requires Attention

### Support levels
- 2438.95
- 2369.75
- 2506.666666666667

### Resistance levels
- 2631.25869140625
- 2706.49375
- 2981.323583984375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.95% |
| return_10 | -4.01% |
| return_1m | -4.49% |
| return_1y | -14.49% |
| return_20 | -2.43% |
| return_3m | -7.07% |
| return_5 | -0.28% |
| return_6m | -2.23% |
| return_since_start | +13.60% |
| return_ytd | -17.84% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -27.23% |
| annualized_volatility | +30.58% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue and Profit Rise Sharply; Margins Expand as Profit Outpaces Revenue Growth

In Q1 FY2026-27 (quarter ended 30 June 2026), SRF Limited reported a 31.8% year-on-year increase in revenue to ₹5,033 crore, while net profit rose 75.5% to ₹759 crore. Profit growth significantly outpaced revenue growth, leading to an expansion in both pre-tax and net profit margins. The improvement was supported by a year-on-year decline in finance costs and a sharp sequential drop in other unallocable expenditure. The company’s balance sheet remains nearly debt-free, with a debt-to-equity ratio of 0.0032.

## Revenue Growth

Revenue from operations reached ₹5,033 crore in Q1 FY2026-27, a 31.8% increase from ₹3,819 crore in the same quarter last year. On a sequential basis, revenue rose 9.1% from ₹4,615 crore in the previous quarter.

## Profitability and Margin Expansion

Profit before tax (PBT) grew 70.0% year-on-year to ₹979 crore, and 29.3% sequentially from ₹757 crore. The PBT margin improved from 15.1% in Q1 FY2025-26 to 19.5% in the current quarter. Net profit after tax rose 75.5% year-on-year to ₹759 crore, with the net profit margin expanding from 11.3% to 15.1%. Profit growth outpaced revenue growth, resulting in higher margins.

## Expense Trends

Finance costs decreased 14.1% year-on-year to ₹68.6 crore, although they increased 10.7% sequentially from ₹62.0 crore in the previous quarter. As a share of revenue, finance costs fell from 2.1% to 1.4%.

Other unallocable expenditure (net) dropped sharply from ₹191.5 crore in the previous quarter to ₹68.4 crore, a decline of 64.3%. This decline contributed to the sequential increase in profit before tax. Compared to the same quarter last year, the expenditure rose from ₹38.5 crore.

Cost of materials consumed was ₹2,626 crore, representing 52.2% of revenue. Employee benefit expense was ₹319 crore, and depreciation and amortisation was ₹223 crore.

## Tax and Net Profit

Total tax expense increased 53.5% year-on-year to ₹220 crore, comprising current tax of ₹172 crore and deferred tax of ₹48 crore. The effective tax rate (total tax as a percentage of PBT) declined from 24.9% in Q1 FY2025-26 to 22.5% in the current quarter. Net profit after tax grew 75.5% year-on-year to ₹759 crore, and 30.4% sequentially from ₹582 crore.

## Comprehensive Income

Comprehensive income for the period rose 86.0% year-on-year to ₹877 crore, outpacing net profit growth. Other comprehensive income increased from ₹39 crore a year ago to ₹118 crore, contributing to the higher comprehensive income.

## Balance Sheet Strength

The debt-to-equity ratio remained extremely low at 0.0032, down from 0.0036 in the previous quarter and 0.0035 a year ago. This reflects minimal reliance on debt financing.

## Earnings Per Share

Basic and diluted earnings per share from continuing operations rose from ₹14.58 in Q1 FY2025-26 to ₹25.60 in the current quarter, a 75.6% increase, consistent with the growth in net profit.

## Key Takeaway

SRF delivered a quarter of sharp revenue and profit growth, with profit margins expanding materially. The improvement was supported by a year-on-year decline in finance costs and a sharp sequential decline in other unallocable expenditure. The company’s balance sheet remains nearly debt-free, with a very low debt-to-equity ratio.

### Ratios

## Official filings

- 2026-09-15 — Shareholding Disclosure: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_15092026120202_SAST1.pdf)
- 2026-08-06 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ekta_maheshwari_06082026164956_CPAugrecorddate26.pdf)
- 2026-07-29 — Official Filing: SRF Limited has disclosed the transcripts of its earnings call held on July 23, 2026. The company uploaded these transcripts to its website on July 29, 2026, following a prior intimation to the exchange on July 17, 2026.
- 2026-07-29 — Generic Announcement: SRF Limited submitted the transcript of its earnings call held on July 23, 2026, concerning the un-audited financial results for the quarter ended June 30, 2026. The transcript is available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_29072026115111_ConcallTranscriptJuly29.pdf)
- 2026-07-27 — Litigation Disclosure: SRF Limited's Income Tax Department has disposed of the company's rectification application concerning a technical error in the Assessment Year 2022-23 final assessment order. The demand has been reduced from Rs 327.44 crores to Rs 9.46 crores, with the company analyzing the order for legal recourse on the remaining amount. This development follows an earlier disclosure on April 7, 2026, regarding the potential impact of this litigation. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_27072026180635_LitigationupdateJuly2026.pdf)
- 2026-07-23 — Generic Announcement: SRF Limited has published its un-audited financial results for the quarter ended June 30, 2026, in the Business Standard and Jansatta newspapers. Copies of these results are also available on the company's website, www.srf.com, in compliance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23072026160353_ClippingsF.pdf)
- 2026-07-23 — Generic Announcement: SRF Limited announced that shareholders can submit documents to apply for lower or nil Tax Deducted at Source (TDS) on dividend. The company provided a link to the details and required documents on its website. Shareholders must submit their details by July 30, 2026, to ensure correct TDS deduction at the time of dividend payment. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23072026170630_TDSLetter.pdf)
- 2026-07-23 — Generic Announcement: SRF Limited has submitted an audio recording of its earnings call held on July 23, 2026, which discussed the un-audited financial results for the quarter ended June 30, 2026. The recording is available on the company's website as per SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23072026161304_AudioTranscript.pdf)
- 2026-07-23 — Official Filing: SRF Limited has disclosed an audio recording of an earnings call held on July 23, 2026. The recording was uploaded to the company's website on the same date at 12:53:00. Prior intimation of the earnings call was provided to the exchange on July 17, 2026.
- 2026-07-22 — Press Release: SRF Limited reported robust Q1FY27 results with consolidated revenue up 32% to ₹5,033 crore, operational EBIT up 61% to ₹1,116 crore, and Profit After Tax up 76% to ₹759 crore compared to the prior year period. The Performance Films & Foil Business saw revenue increase 42% and operating profit rise 149%. The Board approved a ₹250 crore investment for a BOPET Thick Film Line and declared an interim dividend of ₹5 per share. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22072026150503_PressReleaseF.pdf)
- 2026-07-22 — Official Filing: SRF Limited declared an interim dividend of ₹0.5 per equity share for the financial year 2026-27 on July 22, 2026. The record date for this dividend is July 28, 2026, with payment expected by August 18, 2026. The company had previously intimated the stock exchange about the board meeting on July 15, 2026.
- 2026-07-22 — Generic Announcement: SRF Limited's Board of Directors declared a first interim dividend of 50%, or Rs. 5 per share, on July 22, 2026. The dividend will be paid to eligible shareholders by August 18, 2026, with a record date of July 28, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22072026145129_Dividend.pdf)
- 2026-07-22 — Generic Announcement: The Board of Directors of SRF Limited approved a capital expenditure proposal on July 22, 2026, to set up a BOPET Thick Film Line. The projected cost for this new line is Rs. 250 Crores, with an expected capacity addition of 25,000 MTPA. The capacity is to be added within 24 months from the approval date, financed through a mix of debt and internal accruals. This initiative aims to address the specialized BOPET thick film market, which has applications in industrial and electronic segments, offering a way to manage cyclicality due to limited domestic capacity. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22072026145659_CapexBOPETThickLine.pdf)
- 2026-07-22 — Generic Announcement: SRF Limited's Board of Directors declared a first interim dividend of 50%, or Rs. 5 per share, on July 22, 2026. The dividend will be paid to eligible shareholders by August 18, 2026, with a record date of July 28, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22072026150722_Dividend.pdf)
- 2026-07-22 — Generic Announcement: SRF Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on July 22, 2026. The company also approved a first interim dividend of Rs. 5.00 per share for FY 2026-27, totaling Rs. 148.21 Crores. The financial results included a one-time impact of Rs. 11.27 Crores (standalone) and Rs. 11.71 Crores (consolidated) related to the New Labour Codes. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22072026144823_ResultsFF.pdf)
- 2026-07-22 — Earnings Presentation: SRF Limited has released its investor presentation for the quarter ended June 30, 2026, detailing its Q1 FY27 financial results. The company reported a gross operating revenue of ₹5,033.3 crore, a 31.8% increase year-over-year, with EBIDTA rising 61.4% to ₹1,372.6 crore and Profit After Tax increasing by 75.5% to ₹758.9 crore. The Chemicals Business saw a 25.9% revenue increase, Performance Films & Foil grew revenue by 42.2%, and Technical Textiles revenue increased by 27.9%. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22072026195657_FinalInvestorPresentationJuly2026.pdf)
- 2026-07-17 — Official Filing: SRF Limited will hold an Earnings Conference Call on July 23, 2026, at 11:00 AM IST to discuss Q1 results. The virtual meeting, hosted by Ambit Capital, will include Samir Kashyap, President & Chief Financial Officer of SRF Limited. Further details and registration information are available via a provided weblink and dial-in numbers.
- 2026-07-17 — Generic Announcement: SRF Limited will hold an investor and analyst conference call on July 23, 2026, at 11:00 am IST, hosted by Ambit Capital. The call will discuss the company's financial results for the quarter ended June 30, 2026, which are scheduled to be declared on July 22, 2026. Mr. Samir Kashyap and Ms. Sugandha Singhal will represent SRF Limited. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_17072026184054_IntimationConcallJune2026.pdf)
- 2026-07-13 — Generic Announcement: SRF Limited submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended June 30, 2026. KFIN Technologies Limited, as the Registrar and Share Transfer Agent, certified that details of securities dematerialized/rematerialized during the period have been furnished to all listed stock exchanges. The submission was made on July 13, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_13072026185907_SRFCombined74.pdf)
- 2026-07-01 — Generic Announcement: SRF Limited will close its trading window for dealing in the company's securities from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_01072026162709_SIGNED_SRF_TradingWindow.pdf)
- 2026-06-30 — Generic Announcement: SRF Limited held its 55th Annual General Meeting on June 30, 2026, to vote on seven resolutions. The resolutions included the adoption of financial statements for FY 2025-26, the appointment and re-appointment of directors including Mr. Pramod Gopaldas Gujarathi and Mr. Kartik Bharat Ram, the re-appointment of Mr. Arun Bharat Ram as Chairman Emeritus from April 1, 2027, to March 31, 2032, ratification of cost auditors' remuneration for FY 2026-27, and approval for issuing redeemable non-convertible debentures via private placement. Voting was conducted through remote e-voting and at the meeting itself. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_30062026162036_Proceedings_of_AGM.pdf)
- 2026-06-30 — Generic Announcement: SRF Limited held its 55th Annual General Meeting on June 30, 2026, via Video Conferencing, where all seven resolutions presented to shareholders were approved with the requisite majority. The meeting included the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of directors, including Mr. Pramod Gopaldas Gujarathi and Mr. Kartik Bharat Ram, along with the approval of the Chairman Emeritus role for Mr. Arun Bharat Ram and ratification of cost auditor remuneration. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_30062026161507_CombinedScrutinizerVotingResultssd.pdf)
- 2026-06-30 — Management Change: SRF Limited's members approved the re-appointment of Mr. Kartik Bharat Ram as Joint Managing Director for a term from June 01, 2026, to March 31, 2031, at the Annual General Meeting held on June 30, 2026. Mr. Ram is the brother of Chairman & Managing Director Mr. Ashish Bharat Ram and son of Chairman Emeritus Mr. Arun Bharat Ram. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_30062026162912_Re-appointment_of_JMD.pdf)
- 2026-06-08 — Generic Announcement: SRF Limited published a notice for its 55th Annual General Meeting and e-voting on June 8, 2026, in the Financial Express (English) and Jansatta (Hindi) newspapers. This action complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_08062026131546_PostdisptachF.pdf)
- 2026-06-06 — Generic Announcement: SRF Limited is informing shareholders that the 55th Annual General Meeting is scheduled for June 30, 2026, at 11:00 AM IST via Video Conference. The Annual Report for the financial year 2025-26 is being sent electronically, and a weblink to access it is provided for shareholders whose email addresses are not registered. The company is also issuing letters with the weblink to these shareholders as per SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_06062026140931_WebLinkLetterCombined.pdf)

## News and market events

- 2026-09-17 — CNBC-TV18: **Explained - Here's why HSBC expects a 33% upside on SRF shares** — HSBC said a diversion of production quota towards R134a could partly offset the impact of excess R32 capacity. It also expects a pickup in SRF's speciality chemicals business to act as a potential catalyst for momentum. — [Source](https://www.cnbctv18.com/market/srf-share-price-hsbc-sees-33-percent-upside-china-factor-explained-r32-capacity-gas-19992575.htm)
- 2026-09-10 — Mint: **Over 18% dip in YTD | Delhi-based realty company is bullish on this beaten-down stock — do you own?** — The stock has remained under pressure in the near term, declining 3.95% over the past week and 3.69% over the last month. — [Source](https://www.livemint.com/market/stock-market-news/over-18-dip-in-ytd-delhi-based-realty-company-is-bullish-on-this-beaten-down-stock-do-you-own-11789026385961.html)
- 2026-07-24 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: GIFT Nifty down 200 pts; SRF in focus** — Sensex Today | Stock Market LIVE Updates: Analysts have warned that if 23,800 - 23,750 breaks decisively on the downside, it could drag the Nifty further down to 23,600 - 23,500 levels. The Nifty Bank closed below the 57,000 mark on Thursday, managing to defend the 56,500 level by just. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-brent-crude-tariffs-infosys-indigo-bob-textile-midcaps-share-price-liveblog-19952825.htm)
- 2026-07-23 — The Hindu: **Sensex today | Stock Market Highlights: Markets slip for 4th straight day as crude rises; Sensex drops 363 pts, Nifty ends below 23,870** — Sensex, Nifty, Share Prices Highlights: Sensex settled 363.66 pts or 0.47% lower at 76,391.39; and Nifty 50 fell 126.65 pts or 0.53% to 23,869.60. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-23rd-july-2026/article71253376.ece)
- 2026-07-23 — CNBC-TV18: **Q1 Results LIVE Updates: IndiGo's Q1 losses reduced on QoQ basis to ₹238 crore** — Q1 Results LIVE Updates: Three more Nifty 50 stocks, Infosys, IndiGo, Cipla, are reporting their June quarter results today. IEX, Allied Blenders, Chennai Petro, Capital Small Finance Bank, Go Digit General Insurance, Cyient, Mahindra Life, Motilal Oswal, Mphasis, PVR INOX, are among the other results coming in today. Result reactions will be keenly awaited from Dr. Reddy's Laboratories, whose ADR fell 10% overnight, and IndusInd Bank among many others. Watch this space for all the LIVE earnings updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-infosys-cipla-indigo-dr-reddys-indusind-iex-ofss-meesho-motilal-oswal-cyient-share-price-liveblog-19951905.htm)
- 2026-07-23 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls towards 23,800; HPCL down 3%** — Sensex Today | Stock Market LIVE Updates:  The markets have managed to recover from the lows of the day, however, the benchmark indices remain in red. The Nifty is down over 50 points and is aiming to reclaim the 24,000 mark. The Nifty Bank is down around 500 points, dropping to 56,600. Dr Reddy's Nestle and Shriram Fin are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-crude-hpcl-drl-indusind-eternal-infosys-sona-blw-share-price-liveblog-19951892.htm)
- 2026-07-23 — Mint: **Top Gainers & Losers on 23 July: SRF, IndusInd Bank, Adani Green Energy, HFCL, CarTrade Tech among top losers** — Dalal Street saw continued declines, with major indices closing lower for the fourth session. Escalating Middle East tensions and rising crude oil prices contributed to fragile market sentiment, while private sector banks struggled and the Nifty 50 fell to 23,869. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-23-july-srf-indusind-bank-adani-green-energy-hfcl-cartrade-tech-among-top-losers-11784797971154.html)
- 2026-07-23 — CNBC-TV18: **Sensex, Nifty fall explained: What's weighing on Indian markets?** — Banks and financial stocks weighed on the benchmarks during the session, tracking moves in the rupee and bond yields. The Nifty Bank index fell 535 points to close at 56,592. — [Source](https://www.cnbctv18.com/market/sensex-nifty-fall-explained-whats-weighing-on-indian-markets-19952378.htm)

## Business profile

**Strategic vision:** Manufactures industrial and specialty chemical-based products globally.

### Business segments
- **Technical Textiles Business:** Provides materials critical for various industrial and automotive applications, including Nylon and Polyester Tyre Cord Fabrics, Belting Fabrics, and Coated Fabrics.
- **Chemicals Business:** Produces specialty and fluorochemicals, including refrigerants, pharmaceutical propellants, chloromethanes, pharma chemicals, and fluoropolymer products like PTFE.
- **Packaging Films Business:** Focuses on high-performance packaging materials, producing polyester films and specialized materials for sectors such as food packaging and luxury packaging.

### Competitive strengths
- Expertise in chemical production
- Global manufacturing and commercial presence

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/srf
Markdown representation: https://faxioms.com/stocks/srf?render=md