EN DE

SRF Limited (503806) Fair Value & Analysis

Basic Materials · IN · Market cap ₹695B

SL SRF Limited 503806 · BSE
Price₹2,609
Fair Value₹749.17
Upside-71.3%
Quality60/100
Watch SRF Limited for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
0.31% dividend yield
Wide moat 67/100
Evidence: High Range ₹497.94 – ₹1,285 Share as image

Fair value as of: Aug 15, 2026

From 24 valuation models · updated today

Share price −5.8% over the past month.

A solid business, but screening 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,285). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹497.94 to ₹1,285) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹3,270 ₹1,178 Fair Value ₹749.17 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range ₹1,178 – ₹3,270 · fair‑value band ₹497.94 – ₹1,285 · the ₹2,609 price screens above the ₹749.17 fair value. Dashed = 300-day average. As of Aug 15, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

SRF Limited (503806) currently trades at ₹2,609, while our model-based Fair Value estimate is ₹749.17, implying the stock looks roughly 71.3% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Net debt stands at ₹45.2B. The stock trades on a trailing P/E of 21.4 (as of Aug 15, 2026). Fundamentals as of Aug 15, 2026

Our scenario range runs from ₹497.94 (bear case) to ₹1,285 (bull case); at ₹2,609, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 13% above its 52-week low. For context, the median of 10 Basic Materials peers we cover trades at -55% fair-value upside, at -71%, 503806 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹324.51 ₹625.87 ₹1,169 80
Residual Income ₹510.25 ₹641.53 ₹1,582 76
Rev-Margin DCF ₹481.98 ₹928.05 ₹1,502 74
All 24 models by family
DCF Models
FCF DCF ₹325.91 ₹648.04 ₹1,234 38
Owner Earnings ₹394.19 ₹774.66 ₹1,466 31
5Y Revenue Exit ₹481.98 ₹945.32 ₹1,584 39
5Y EBITDA Exit ₹717.92 ₹1,431 ₹2,338 41
5Y P/E Exit ₹627.62 ₹1,245 ₹1,958 38
10Y Revenue Exit ₹407.45 ₹838.46 ₹1,515 36
10Y EBITDA Exit ₹589.11 ₹1,202 ₹2,160 37
10Y P/E Exit ₹527.91 ₹1,063 ₹1,835 35
Earnings-Based
Graham-Dodd ₹468.77 ₹2,162 ₹2,969 54
Lynch FV ₹568.93 ₹812.76 ₹1,057 50
PEG = 1.0 ₹568.93 ₹812.76 ₹1,057 46
EPV ₹727.01 ₹864.34 ₹986.42 59
Multiples
P/E Multiple ₹878.93 ₹1,172 ₹1,465 63
P/S Multiple ₹651.48 ₹868.64 ₹1,086 58
P/B Multiple ₹878.93 ₹1,172 ₹1,465 55
EV/EBIT ₹1,041 ₹1,405 ₹1,769 53
EV/EBITDA ₹968.77 ₹1,309 ₹1,649 54
EV/Revenue ₹556.86 ₹817.45 ₹1,078 43
Asset-Based
NCAV (Graham) ₹263.75 ₹353.42 ₹527.50 50
Growth DCF
Growth DCF ₹324.51 ₹625.87 ₹1,169 80
Rev-Margin DCF ₹481.98 ₹928.05 ₹1,502 74
Economic Profit
Residual Income ₹510.25 ₹641.53 ₹1,582 76
ROIC Compounder ₹814.47 ₹1,161 ₹1,657 72
Growth Earnings
Growth-Adj P/E ₹815.14 ₹1,164 ₹1,514 68

Widest divergence: Multiples (₹1,172) versus Asset-Based (₹353.42). Highest evidence: Growth DCF (80).

Notify me when 503806 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Free cash flow ₹7.4B FY2026
P/E ratio 21.4 as of Aug 15, 2026
EPS (TTM) ₹107.71
Dividend yield 0.3%
Net debt ₹45.2B FY2026

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 41

Profitability 52
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SRF Limited manufactures, purchases, and sells technical textiles, chemicals, packaging films, and other polymers. It operates through Technical Textiles Business, Chemicals Business, Packaging Film Business, and Others segments. The company offers tyre cord, belting, coated, and laminated fabrics; and industrial and polyester industrial yarns.

Full company description

SRF Limited manufactures, purchases, and sells technical textiles, chemicals, packaging films, and other polymers. It operates through Technical Textiles Business, Chemicals Business, Packaging Film Business, and Others segments. The company offers tyre cord, belting, coated, and laminated fabrics; and industrial and polyester industrial yarns. It also provides fluorochemicals under the Floron, Dymel, Shakti, and Supertron brands, such as refrigerants for room air-conditioner, automobile air-conditioner, refrigerator, and chillers, as well as propellants for the pharmaceutical sector; and industrial chemicals used in various applications comprising feedstock for pharmaceutical and agrochemicals, metal de-greasing, foam blowing, and dry-cleaning. In addition, the company provides advanced intermediates for the agrochemical and pharmaceutical industries. Further, the company provides bi-axially oriented polyethylene terephthalate films under PETLAR brand and bi-axially oriented polypropylene films under OPLAR brand. It serves in India, Germany, the United States, Switzerland, Belgium, and internationally. The company was formerly known as Shri Ram Fibres and changed its name to SRF Limited in 1990. The company was founded in 1970 and is based in Gurugram, India. SRF Limited is a subsidiary of KAMA Holdings Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SRF Limited reported revenue of ₹154B in FY2026 versus ₹124B in FY2022, a compound +5.5%/yr. Reported net income was ₹18.4B in FY2026, compounding −0.7%/yr from FY2022.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹154B
Latest YoY
+4.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.9%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.1%
Revenue +5.5%/yr
FY22 ₹124B
FY23 ₹149B
FY24 ₹131B
FY25 ₹147B
FY26 ₹154B
Net income −0.7%/yr
FY22 ₹18.9B
FY23 ₹21.6B
FY24 ₹13.4B
FY25 ₹12.5B
FY26 ₹18.4B

503806 screens 71% overvalued. Compare with BASF SE →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "SRF Limited Fair Value". https://www.fairvalue-calculator.com/stock/503806

Peer Group

Chemicals · 331 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside −71% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 21.4× · Cheaper than median
P/B 0.05× · Cheaper than 75% of peers
P/FCF 1.0× · Cheaper than median
EV/EBITDA 0.6× · Cheaper than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,950 IDR 1,608 IDR -18%
LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%
Deepak Nitrite Limited DEEPAKNTR ₹1,718 ₹679.17 -60%
KCC Corporation 002380 454,000 KRW 1,763,304 KRW +288%
Deepak Fertilisers And Petrochemicals Corporation DEEPAKFERT ₹1,456 ₹990.72 -32%

Compare SRF Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is SRF Limited (503806) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of ₹749.17 versus a price of ₹2,609, about −71% (overvalued).
What is the fair value of 503806?
Our model-based fair value for SRF Limited is ₹749.17 (as of Aug 15, 2026), built from audited fundamentals. The current price is ₹2,609.
What is the quality score of 503806?
SRF Limited has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of 503806?
The net profit margin of SRF Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does SRF Limited pay a dividend?
SRF Limited currently shows a dividend yield of about 0.31% relative to its recent price (as of Aug 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track SRF Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.