# 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: ₹2,460.4
- Change: -0.99%
- As of: 2026-11-06
- 1D return: -0.99%
- 5D return: +5.35%
- 1M return: -1.00%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, SRF (₹2,460.4) exhibits a mixed technical profile where short-term resilience clashes with medium-to-long-term bearish structure. The daily trend is established (ADX 26.53) and price holds above the 20-period EMA and SMA, yet it remains below the 50-period EMA, 200-period SMA, and Supertrend, signaling underlying weakness. On weekly and monthly horizons, the setup is uniformly bearish, with price trading below all major moving averages and the Supertrend, accompanied by weak trend conviction (weekly ADX 19.15; monthly ADX 11.83). Price sits in the upper-middle of its 50-day range (+60.1%) but near the top of its 20-day range (+78.9%), suggesting limited immediate upside room. Resistance is dense at ₹2,464.1 (0.15% above) and ₹2,485.9 (pivot), while support lies at ₹2,443.2 (0.70% below). The stock carries significant risk, evidenced by a current drawdown of -25.1%, annualized volatility of +30.2%, and a YTD return of -19.5%. A recent moderate downward anomaly on high participation on 2026-11-06 highlights active selling pressure without clear directional follow-through. Confirmation of a sustained recovery would require a decisive break above ₹2,485.9 and a move back above the weekly/monthly moving averages; failure to hold ₹2,443.2 could expose further downside toward ₹2,429.8.

- Trend Divergence: Daily trend shows short-term strength (price above 20-period EMAs/SMA, ADX 26.53), but weekly and monthly trends are bearish (price below all major averages and Supertrend).
- Key Levels: Immediate resistance at ₹2,464.1 and pivot at ₹2,485.9; nearest support at ₹2,443.2. Price is positioned +78.9% into its 20-day range, limiting short-term upside.
- Risk Profile: High volatility (+30.2% annualized) and deep current drawdown (-25.1%) persist. Recent activity includes a moderate downward anomaly on high participation (2026-11-06).
- Monitoring Condition: A close above ₹2,485.9 would signal potential reversal of daily weakness, while a break below ₹2,443.2 would invalidate the short-term consolidation and test lower supports.

- Inside Bar
- Outside Bar
- Harami

### What Changed

On November 5, 2026, SRF Limited informed the National Stock Exchange that its Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, will relocate its corporate office effective December 1, 2026. The company clarified that this change is limited to the RTA’s physical address; KFin’s name, registered office, and continued appointment as SRF’s RTA remain unchanged. This administrative update does not alter shareholder services or corporate governance structures.

In terms of market performance, SRF’s share price was recorded at ₹2460.4 on November 6, 2026, reflecting a decline from the previous close of ₹2485.0. No specific daily or weekly trend indicators were reported for this period.

- SRF's RTA, KFin Technologies Limited, is shifting its corporate office address effective December 1, 2026, with no changes to its legal identity or service role.
- SRF shares closed at ₹2460.4 on November 6, 2026, down from ₹2485.0 in the prior session.

- [SRF Limited has informed the Exchange about Intimation for Change in Corporate Office Address of Kfin Technologies Limited , Registrar and Share Transfer Agent (RTA) of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026161502_SRF-SE_Intimation.pdf)

### Official Filings

SRF Limited reported strong financial performance for the half-year ended September 30, 2026, with consolidated Revenue from Operations rising 35% year-on-year to ₹4,904.2 Cr and Profit After Tax (PAT) increasing 51% to ₹509.1 Cr. Operational EBIT also grew 51% to ₹816.0 Cr. The company highlighted growth drivers including HFC volumes in Chemicals, upcoming PVDF commissioning in Q3 FY27, and record performance in Technical Textiles belting fabrics. In a separate regulatory matter filed on November 5, 2026, SRF disclosed that the Uttarakhand State Tax Officer imposed a penalty of ₹12,77,382 due to a clerical mismatch between a Delivery Challan and an E-way Bill. SRF paid the penalty under protest and intends to contest the demand legally, noting that GST was correctly discharged through the corresponding invoice.

- H1 FY27 Financials: Consolidated Revenue from Operations reached ₹4,904.2 Cr (+35% YoY), Operational EBIT was ₹816.0 Cr (+51% YoY), and PAT stood at ₹509.1 Cr.
- Operational Updates: Strong growth in Chemicals driven by HFC volumes; PVDF commissioning targeted for Q3 FY27; export traction strengthened in Performance Films & Foil.
- Regulatory Penalty: A tax penalty of ₹12,77,382 was imposed by Uttarakhand authorities over a documentation mismatch; SRF paid under protest and plans to contest the order.

- [SRF Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026130607_IntimationPenaltyNov2026.pdf)
- [SRF Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_323_WebXMLFile_20261105_132842714.xml)
- [SRF Limited has informed the Exchange about Intimation for Change in Corporate Office Address of Kfin Technologies Limited , Registrar and Share Transfer Agent (RTA) of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026161502_SRF-SE_Intimation.pdf)
- [SRF Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173411314.xml)
- [SRF Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173429264.xml)
- [SRF Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_28102026173002_ConcallTranscript.pdf)
- [SRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23102026144851_IEPFNewspaperOct26.pdf)
- [SRF Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026094026_EarningCallF.pdf)
- [SRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026140647_ResultsCLippings.pdf)
- [SRF Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026154320_AudioTranscriptOct222026.pdf)

### Fundamentals

SRF’s operating trajectory shows a sharp acceleration in top-line growth, with sales rising 35% year-on-year to ₹4,904 crore in Q2 FY2026-27 (Sep 2026). However, profitability contracted sequentially; net profit fell from ₹759 crore in Q1 to ₹509 crore in Q2, driven by a rise in expenses from ₹4,088 crore to ₹4,258 crore. This indicates that while demand is strong, margin expansion faced headwinds in the latest quarter.

Earnings quality remains robust, with Cash Flow from Operations (CFO) at ₹2,554 crore for FY2026, converting 90% of operating profit into cash. The balance sheet reflects an aggressive investment cycle: Capital Work-in-Progress (CWIP) grew to ₹2,122 crore and borrowings increased to ₹5,375 crore as of Sep 2026. Despite higher leverage, Return on Capital Employed (ROCE) improved to 15% in Mar 2026, suggesting efficient capital deployment so far. Institutional sentiment shifted positively, with DIIs increasing their stake to 22.5%, while FIIs reduced theirs to 15.2%.

The key dynamic is whether the recent expense surge stabilizes as new capacities come online. Investors should monitor if the company can maintain high sales growth without further margin erosion.

- Sales surged 35% YoY to ₹4,904 crore in Q2 FY2026-27, but sequential net profit declined 33% to ₹509 crore due to rising expenses.
- Operating cash flow remained strong at ₹2,554 crore for FY2026, maintaining a healthy 90% conversion rate from operating profit.
- Balance sheet expansion continues with CWIP at ₹2,122 crore and borrowings at ₹5,375 crore; ROCE improved to 15% in FY2026.
- Institutional ownership shifted: DIIs increased stakes to 22.5%, while FIIs reduced holdings to 15.2%.

### Bear Case

SRF (NSE) exhibits a pronounced bearish technical setup as of 6 November 2026, characterized by sustained downward momentum and significant price erosion. The stock closed at ₹2,460.40, down from its previous close of ₹2,485.00, with a market capitalization of approximately ₹73,661.57 crore. Technical indicators across daily, weekly, and monthly timeframes consistently signal weakness: the Supertrend is bearish on all three horizons, and negative slope readings in the 20-day and 50-day simple moving averages confirm a deteriorating trend structure. On the weekly chart, the minus directional indicator (25.67) significantly outweighs the plus directional indicator (14.93), highlighting dominant selling pressure.

Performance metrics reflect substantial underperformance over medium- to long-term periods. The stock has declined 15.1% over the past year and 19.5% year-to-date, while currently sitting in a drawdown of -25.1% against a maximum historical drawdown of -29.9%. High volatility, evidenced by an annualized volatility of +30.2% and an ATR of 2.45%, suggests elevated risk for holders. Immediate resistance lies near ₹2,464.10 (0.15% above), while support is tested at ₹2,443.20 (0.70% below). The convergence of these factors indicates a challenging environment for capital preservation.

- Technical breakdown confirmed: Supertrend is bearish on daily, weekly, and monthly charts; weekly minus DI (25.67) dominates plus DI (14.93).
- Sustained underperformance: Stock is down 19.5% YTD and 15.1% over the last year, with current drawdown at -25.1%.
- Elevated volatility and risk: Annualized volatility stands at +30.2% with an ATR of 2.45%, indicating wide price swings.
- Key levels: Immediate resistance at ₹2,464.10; first support level at ₹2,443.20.

- [SRF Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026130607_IntimationPenaltyNov2026.pdf)
- [SRF Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_323_WebXMLFile_20261105_132842714.xml)
- [SRF Limited has informed the Exchange about Intimation for Change in Corporate Office Address of Kfin Technologies Limited , Registrar and Share Transfer Agent (RTA) of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026161502_SRF-SE_Intimation.pdf)
- [SRF Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173411314.xml)
- [SRF Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173429264.xml)
- [SRF Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_28102026173002_ConcallTranscript.pdf)
- [SRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23102026144851_IEPFNewspaperOct26.pdf)
- [SRF Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026094026_EarningCallF.pdf)
- [SRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026140647_ResultsCLippings.pdf)
- [SRF Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026154320_AudioTranscriptOct222026.pdf)

### FAQs

**What recent regulatory action has SRF taken regarding a tax penalty, and what is the company's stance?**

On November 5, 2026, SRF paid a penalty of ₹12,77,382 imposed by the Uttarakhand State Tax Officer for a mismatch between a Delivery Challan and an E-way Bill. The company stated the challan reflected tax as Nil due to a clerical oversight while GST was correctly discharged via the invoice. SRF paid under protest and intends to contest the demand in legal forums.

**How has SRF's stock price performed over the past year and year-to-date?**

As of November 6, 2026, SRF's stock has declined by 15.1% over the trailing one-year period and fallen 19.5% year-to-date. The stock closed at ₹2,460.40 on November 6, with a market capitalization of approximately ₹73,661.57 crore. Recent monthly returns show a -0.4% decline, while the 10-day return stands at +6.5%.

**What are the current technical support and resistance levels for SRF shares?**

Immediate resistance sits at ₹2,464.10 (0.15% above), followed by ₹2,485.90 and ₹2,506.80. Key support levels are located at ₹2,443.20 (0.70% below) and ₹2,429.81. Technical indicators, including the Supertrend, signal a bearish trend on both daily and weekly timeframes as of November 6, 2026.

**Is there any change in SRF's Registrar and Share Transfer Agent details?**

Yes. KFin Technologies Limited, SRF’s Registrar and Share Transfer Agent (RTA), will shift its corporate office address effective December 1, 2026. SRF confirmed that only the RTA’s corporate office address is changing; its name, registered office, and appointment as SRF’s RTA remain unchanged.

- [SRF Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026130607_IntimationPenaltyNov2026.pdf)
- [SRF Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_323_WebXMLFile_20261105_132842714.xml)
- [SRF Limited has informed the Exchange about Intimation for Change in Corporate Office Address of Kfin Technologies Limited , Registrar and Share Transfer Agent (RTA) of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026161502_SRF-SE_Intimation.pdf)
- [SRF Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173411314.xml)
- [SRF Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173429264.xml)
- [SRF Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_28102026173002_ConcallTranscript.pdf)
- [SRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23102026144851_IEPFNewspaperOct26.pdf)
- [SRF Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026094026_EarningCallF.pdf)
- [SRF Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026140647_ResultsCLippings.pdf)
- [SRF Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026154320_AudioTranscriptOct222026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹2,485.9
- Risk regime: Price Risk Requires Attention

### Support levels
- 2429.8125
- 2369.75
- 2178.3

### Resistance levels
- 2631.25869140625
- 2706.49375
- 2981.323583984375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.99% |
| return_10 | +6.51% |
| return_1m | -0.39% |
| return_1y | -15.14% |
| return_20 | -1.00% |
| return_3m | -6.27% |
| return_5 | +5.35% |
| return_6m | -9.53% |
| return_since_start | +11.26% |
| return_ytd | -19.52% |

### 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 | -29.86% |
| annualized_volatility | +30.15% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# SRF Limited FY2026-27 Q2: Revenue grows 35%, profit falls sequentially

SRF reported consolidated revenue from operations of ₹4,904 crore for Q2 FY2026-27, up 34.7% year on year but down 2.6% from Q1. Profit for the period rose 31.2% year on year to ₹509 crore, while falling 32.9% quarter on quarter. The sequential decline in earnings came alongside lower revenue and higher total expenses.

## Revenue pulled back from Q1 but remained above last year

Revenue from operations was ₹4,904 crore, compared with ₹5,033 crore in Q1 FY2026-27 and ₹3,640 crore in Q2 FY2025-26. Revenue had risen from ₹3,713 crore in Q3 FY2025-26 to ₹4,615 crore in Q4 and ₹5,033 crore in Q1 before easing in Q2. Despite the sequential decline, revenue remained 34.7% above the year-ago quarter.

## Profit declined sequentially as expenses rose

Total expenses increased 4.2% quarter on quarter to ₹4,258 crore, while revenue fell 2.6%. Profit before tax declined 31.5% to ₹671 crore from ₹979 crore in Q1 FY2026-27, and profit for the period fell 32.9% to ₹509 crore from ₹759 crore. Year on year, profit before tax increased 29.8% and profit for the period rose 31.2%.

Cost of materials consumed was ₹2,623 crore, employee benefit expense was ₹316 crore, and depreciation and amortisation expense was ₹229 crore. Finance costs rose to ₹70.9 crore from ₹68.6 crore in Q1. Basic earnings per share from continuing operations was ₹17.18, down from ₹25.60 in Q1 and up from ₹13.10 in Q2 FY2025-26.

## Lower tax expense partly offset the pre-tax decline

Tax expense was ₹162 crore, down from ₹220 crore in Q1 FY2026-27. It comprised current tax of ₹134 crore and deferred tax of ₹28 crore. The lower tax expense partly moderated the sequential fall in profit after tax.

## Comprehensive income also fell from Q1

Total comprehensive income was ₹524 crore, compared with ₹877 crore in Q1 FY2026-27. Other comprehensive income decreased to ₹15 crore from ₹118 crore, contributing to the larger sequential decline in comprehensive income than in profit for the period.

## Assets and working-capital balances expanded

Total assets stood at ₹25,837 crore at 30 September 2026, compared with ₹24,147 crore at 31 March 2026 and ₹22,261 crore at 30 September 2025. Property, plant and equipment was ₹14,439 crore, while capital work in progress rose to ₹2,122 crore from ₹1,889 crore at 31 March 2026.

Compared with 31 March 2026, trade receivables increased to ₹3,161 crore from ₹2,562 crore and inventories rose to ₹3,379 crore from ₹2,789 crore. Equity attributable to owners of the parent was ₹15,304 crore, up from ₹14,043 crore at 31 March 2026.

## Borrowings rose from year-end as cash declined

At 30 September 2026, current borrowings were ₹2,951 crore and noncurrent borrowings ₹2,254 crore, compared with ₹3,051 crore and ₹1,953 crore, respectively, at 31 March 2026. Combined borrowings were therefore higher than at the prior year-end. Cash and cash equivalents declined to ₹398 crore from ₹590 crore, while trade payables rose to ₹2,919 crore from ₹2,585 crore.

## Key Takeaway

SRF delivered strong year-on-year growth in revenue and profit, but both measures fell sequentially in Q2 as revenue eased and expenses increased. Higher receivables and inventories, alongside lower cash and increased combined borrowings from 31 March 2026, add balance-sheet context to the quarter’s earnings pullback.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +50.26%
- FII holding: +15.20%
- DII holding: +22.50%
- Mutual fund holding: +13.60%
- Retail holding: +7.75%
- Promoter pledged: +0.00%

### Major reported shareholders

- KAMA HOLDINGS LIMITED — +49.13% (Bodies Corporate)
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY MIDC — +5.07%
- LICI NEW ENDOWMENT PLUS-SECURED FUND — +3.51%
- GOVERNMENT PENSION FUND GLOBAL — +1.89%
- GOVERNMENT OF SINGAPORE — +1.75%
- NPS TRUST A/C - LIC PENSION FUND - UPS POOL CG  SC — +1.58%
- AMANSA HOLDINGS PRIVATE LIMITED — +1.17%
- KAMA Realty (Delhi) Ltd — +1.08% (Bodies Corporate)
- SBI NIFTY MIDCAP 150 ETF — +1.05%
- ARUN BHARAT RAM — +0.03%

## Official filings

- 2026-11-05 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026130607_IntimationPenaltyNov2026.pdf)
- 2026-11-05 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_323_WebXMLFile_20261105_132842714.xml)
- 2026-11-05 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_05112026161502_SRF-SE_Intimation.pdf)
- 2026-10-28 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173411314.xml)
- 2026-10-28 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261028_173429264.xml)
- 2026-10-28 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_28102026173002_ConcallTranscript.pdf)
- 2026-10-23 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_23102026144851_IEPFNewspaperOct26.pdf)
- 2026-10-22 — Earnings Presentation: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026094026_EarningCallF.pdf)
- 2026-10-22 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026140647_ResultsCLippings.pdf)
- 2026-10-22 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_22102026154320_AudioTranscriptOct222026.pdf)
- 2026-10-22 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261022_154748141.xml)
- 2026-10-21 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_21102026145316_ResultsSep26.pdf)
- 2026-10-21 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_21102026145942_SEIntimationCapexSRFAltech.pdf)
- 2026-10-21 — Press Release: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_21102026151307_PressReleaseF.pdf)
- 2026-10-21 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_323_WebXMLFile_20261021_154910196.xml)
- 2026-10-21 — Financial Results Filing: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1743526_21102026080452_WEB.xml)
- 2026-10-21 — Financial Results Filing: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1743533_21102026080703_WEB.xml)
- 2026-10-16 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_16102026171010_IntimationConcall16Oct26.pdf)
- 2026-10-16 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_323_WebXMLFile_20261016_171500896.xml)
- 2026-10-15 — Shareholding Disclosure: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1738472_15102026111004_WEB.xml)
- 2026-10-14 — Board Meeting Notice: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_323_WebXMLFile_20261014_181430801.xml)
- 2026-10-14 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_323_WebXMLFile_20261014_181430801.xml)
- 2026-10-14 — Board Meeting Notice: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_14102026180310_IntimationBMOct21.pdf)
- 2026-10-12 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ekta_maheshwari_12102026151745_SIGNED_SRF74Combined.pdf)
- 2026-10-07 — Generic Announcement: SRF Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ekta_maheshwari_07102026173109_CPredemptionOct26.pdf)

## News and market events

- 2026-11-07 — The Hindu: **Tech Query: Alkem Laboratories, Intellect Design Arena, Trent, SRF — What is the outlook? Where are these stocks headed?** — BL Research Bureau provided technical analysis and trading recommendations for Alkem Laboratories, Intellect Design Arena, Trent, and SRF, suggesting accumulation or holding for Alkem, Trent, and SRF while advising exit for Intellect Design Arena due to a reversed uptrend. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-alkem-laboratoriesintellect-design-arena-trent-srf-what-is-the-outlook-where-are-these-stocks-headed/article71674469.ece)
- 2026-10-23 — The Hindu: **Broker’s Call: SRF (Buy)** — Antique Stock Broking — [Source](https://www.thehindubusinessline.com/markets/brokers-call-srf-buy/article71615900.ece)
- 2026-10-23 — MONEYCONTROL: **Buy SRF; target of Rs 3000: Motilal Oswal** — Buy SRF; target of Rs 3000: Motilal Oswal Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Tonbo Imaging share price UP Elections iPhone Duo Elon Musk Annamalai Piyush Goyal Donald Trump Sonam Wangchuk News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew — [Source](https://www.moneycontrol.com/news/business/stocks/buy-srf-target-of-rs-3000-motilal-oswal-14058436.html)
- 2026-10-23 — Mint: **SRF's persistent pain point hampers investors' confidence on earnings outlook** — The management reiterated its 15-20% revenue growth guidance for the chemicals business and expects to deliver at the higher end of the range in FY27 — [Source](https://www.livemint.com/market/mark-to-market/srf-pain-point-investors-confidence-earnings-outlook-specialty-chemicals-films-foils-11792734566449.html)
- 2026-10-23 — MONEYCONTROL: **Hold SRF; target of Rs 2349: Prabhudas Lilladher** — Hold SRF; target of Rs 2349: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Annamalai DeepSeek Indian Rupee Priyanka Gandhi Marco Rubio Abhijeet Dipke 8th CPC Fitment Factor Kiren Rijiju News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Trac — [Source](https://www.moneycontrol.com/news/business/stocks/hold-srf-target-of-rs-2349-prabhudas-lilladher-14058254.html)
- 2026-10-21 — CNBC-TV18: **Earnings Central: Growth meets margin pressure as Eternal, SRF, Indian Hotels report Q2 numbers** — Eternal’s food delivery growth gathers pace, Indian Hotels raises its FY27 outlook, and SRF and Vishal Mega Mart face market pressure. Here are the key takeaways from Wednesday’s earnings action. — [Source](https://www.cnbctv18.com/market/earnings-central-growth-meets-margin-pressure-as-eternal-srf-indian-hotels-report-q2-numbers-20016358.htm)
- 2026-10-21 — FREEPRESSJOURNAL.IN: **SRF Q2 Net Profit Surges 31% To Rs 509 Crore, Company Approves Rs 600 Crore Investment For New Battery Foil Manufacturing Plant** — SRF Ltd reported a 31% rise in consolidated net profit to ₹509 crore for the second quarter ended September 30, 2026. The company also announced an investment of ₹600 crore for a new battery-grade aluminium foil manufacturing facility. — [Source](https://www.freepressjournal.in/business/srf-q2-net-profit-surges-31-to-rs-509-crore-company-approves-rs-600-crore-investment-for-new-battery-foil-manufacturing-plant)
- 2026-10-21 — CNBC-TV18: **SRF Q2 Results: Stock tanks 6% on weak operating performance; To set up Aluminium foil making unit** — SRF's EBITDA margin though, narrowed by 200 basis points to 19.3% from 21.3% last year, while a CNBC-TV18 poll had pegged the margins to expand to levels of 22.5%. — [Source](https://www.cnbctv18.com/market/srf-q2-results-earnings-miss-margins-narrow-capacity-expansion-aluminium-foil-chemicals-share-price-fall-20016109.htm)
- 2026-10-21 — The Hindu: **Q2 Results Today Live: Eternal, Adani Green, Indian Hotels, SRF, Vishal Mega Mart, KEI Ind, M&M Financial Services, PC Jeweller Share to announce Q2 results** — Q2 Results Today, 21th October 2026 Live Updates: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, updates on Aditya Birla Sun Life AMC, Adani Green Energy, Aye Finance, Eternal, PC Jewellers, KEI Industries, Mahindra & Mahindra Financial Services, SRF, Vishal Mega Mart, Indosolar, Welspun Specialty Solutions and others. — [Source](https://www.thehindubusinessline.com/companies/q2-results-today-live-updates-eternal-adani-green-indian-hotels-srf-vishal-mega-mafrt-kei-ind-mampm-financial-services-pc-jeweller-company-results-21-october-2026/article71606182.ece)
- 2026-10-21 — Mint: **Q2 results 2026 today: Eternal, Adani Green, Indian Hotels among 38 firms to announce quarterly earnings | Full list** — Q2 results 2026 today: Among the prominent companies scheduled to report their quarterly earnings today are Eternal, Adani Green Energy, Indian Hotels, SRF, Vishal Mega Mart, KEI Industries, Mahindra and Mahindra Financial Services, and PC Jeweller. — [Source](https://www.livemint.com/market/stock-market-news/q2-results-2026-today-eternal-adani-green-indian-hotels-among-38-firms-to-announce-quarterly-earnings-full-list-11792550102736.html)
- 2026-10-21 — Mint: **Top stocks to watch today: Eternal, Reliance Industries, IREDA, RailTel shares in focus on Wed, 21 Oct | Full list** — Top stocks to watch: Eternal, Adani Green, Reliance Industries, IREDA, Bajaj Finance, Hindustan Zinc, Waaree Renewable Technologies are among the shares that will remain in focus on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-eternal-reliance-industries-ireda-railtel-shares-in-focus-on-wed-21-oct-full-list-11792546323951.html)
- 2026-10-21 — CNBC-TV18: **Q2 Results LIVE Updates: Bajaj Finance, Just Dial react to earnings; Eternal, SRF report today** — Q2 Results LIVE Updates: Eternal, Aditya Birla Sun Life SMC, Indian Hotels, Adani Green Energy, PC Jeweller, M&M Finance, KEI Industries, Vishal Mega Mart, SRF, International Gemmological Institute, Wendt, are among the companies reporting their earnings today. Watch for all the LIVE updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-bajaj-finance-eternal-mm-fin-srf-vishal-mega-mart-kei-ireda-adani-indian-hotels-hzl-share-price-liveblog-20015663.htm)
- 2026-10-06 — BUSINESSTODAY: **Balaji Amines, Alkyl Amines, Deepak Nitrite, Aarti Ind: Why chemical stocks rallied up to 20% today; targets** — Balaji Amines share price today, Alkyl Amines share price today, Deepak Nitrite share price today, Aarti Industries share price today — [Source](https://www.businesstoday.in/markets/stocks/story/balaji-amines-alkyl-amines-deepak-nitrite-aarti-ind-why-chemical-stocks-rallied-up-to-20-today-targets-559757-2026-10-06)
- 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: 2026-11-06
- Source: Faxioms public stock analysis API

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