SRF Limited (SRF) fair value: what the stock is really worth
We calculate from audited financials what SRF Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Industrials · IN · Market cap ₹849B (≈ $8.9B) · ISIN INE647A01010
At a glance
SLSRF LimitedSRF · NSE
Price₹2,522
Fair Value₹1,547
Upside−38.6%
Quality60/100
A solid business, but trading 63% above our fair value of ₹1,547.
As of Aug 31, 2026, the fair value of SRF Limited is ₹1,547 per share against a price of ₹2,522, so the fair value sits 39% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +12.9 %/yr)
✓Solidly profitable · 11.6% net margin
✓Low debt · generates free cash flow
·0.36% dividend yield
!Mixed vs. peers (7/14)
!Moderate moat 60/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 7 out of 100
Evidence: MediumRange ₹787.16 to ₹2,368
Fair value as of: Aug 31, 2026
From 13 valuation models · updated 9 days ago
Fair value updated Aug 31, 2026, revised from ₹859.71 to ₹1,547 (+80.0%) since Aug 13, 2026. Share price −3.6% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (₹2,368). The favourable scenario is already priced in.
The model range is unusually wide (₹787.16 to ₹2,368). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range ₹1,258 – ₹3,275 · fair‑value band ₹787.16 – ₹2,368 · the ₹2,522 price screens above the ₹1,547 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
SRF Limited (SRF) currently trades at ₹2,522, while our model-based Fair Value estimate is ₹1,547, implying the stock looks roughly 63.0% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of ₹1,053 per share, and 0 of the 13 models we run sit above the ₹2,522 price. Bear case: the Asset-Based group reads lowest at ₹317.42, and 13 of the 13 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, SRF Limited generated revenue of ₹158B at a net margin of 11.6%. Revenue grew 7.0% year over year. It earns a return on equity of 13.8%. Net debt stands at ₹44.7B. Fundamentals as of Aug 31, 2026
Scenario range: ₹787.16 (bear) to ₹2,368 (bull), the price of ₹2,522 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 24% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 35% fair-value upside, at −39%, SRF screens richer than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹23.50 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio39.1
P/S ratio4.66P/E × margin
EPS (TTM)₹64.43price ÷ EPS = P/E 39.1
Dividend yield0.4%payout 14.0%
Net margin11.9%FY2026
Return on equity13.8%TTM
More key figures
Profitability
Return on assets (EBIT)25.4%avg 5y
Operating margin20.6%TTM
Growth
Revenue (TTM)₹158BTTM
Revenue growth (YoY)+7.0%3y avg +1.2%
EPS growth (YoY)+10.6%
Balance sheet & cash flow
Free cash flow₹7.4BFY2026
Net debt₹44.7BFY2026 · ≈ 6.1 yrs of FCF
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality60/100
Of which business quality 58
· Market factors (momentum, volatility) 44
Profitability52
Margins and returns on capital today
Quality Growth61
Are margins and returns improving?
Cashflow38
Earnings quality: real cash, not paper profit
Fin. Strength69
Balance sheet, leverage, solvency risk
Investment49
Disciplined investing over empire-building
Low Volatility84
Calm price path (market factor)
Momentum33
Price trend over the last 3–12 months (market factor)
52W Momentum19
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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, Performance Films and Foil Business, and Others segments.
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, Performance Films and Foil Business, and Others segments. The company offers polyester and nylon tyre cord, belting, coated, and laminated fabrics; and industrial and polyester industrial yarns. It also provides fluorochemicals, such as refrigerants for room air-conditioner, automobile air-conditioner, refrigerator, and chillers under the FLORON brand; pharma propellants under the Dymel brand; industrial chemicals used in various applications comprising solvents in pharma, feedstock for agrochemicals, metal de-greasing, etching of stainless steel and glass, foam blowing agents, and dry-cleaning; and fluoropolymers, such as PTFE resins for automotive, chemical processing/plant construction, construction, electrical/electronic engineering, semiconductor, and pharma and medical applications under the Flonio brand. In addition, the company offers advanced intermediates for the agrochemical and pharmaceutical applications; and bi-axially oriented polyethylene terephthalate and bi-axially oriented polypropylene films under the PETLAR and OPLAR brands. Further, it engages in the acquisition and renting of real estate; and manufacture of aluminum foil. The company operates in India, Germany, the United States, South Africa, the United Kingdom, Italy, Indonesia, the United Arab Emirates, South Korea, Thailand, Hungary, Switzerland, Belgium, and internationally. The company was formerly known as Shri Ram Fibres and changed its name to SRF Limited in 1990. SRF Limited was incorporated in 1970 and is headquartered in Gurugram, India. SRF Limited operates as 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 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹154B
Latest YoY
+4.9%
Avg. revenue 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. revenue 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. revenue growth/yr (21Y) ⓘ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.
+13.2%
Value creation/yr (5Y, in INR) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+8.8%
Dividend yield0.4%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 8.8% vs 10Y 15.3%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8.7% (2005) → 17.8% (2026) · rising
Worst earnings drop56% (2014) · in INR
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
Character of growth · EPS growth decomposed (2015-2026)+14.7 % p.a.
Revenue per share+13.0 %
of which total revenue +13.4 % · buybacks/dilution −0.4 %
EBIT margin−1.4 %
Tax rate+0.2 %
Residual (interest, one-offs)+2.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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/SRF
Peer Group
Conglomerates · 375 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.
Valuation
Quality Score60 · Top 25%
Fair Value upside−39% · Below median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)21% · Top 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiples vs Conglomerates median · lower = cheaper
P/E (TTM)39.1× · Priciest 25%
P/B6.05× · Priciest 25%
P/S (TTM)5.38× · Priciest 25%
P/FCF1.2× · Pricier than median
EV/EBITDA24.1× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must SRF Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+33.6 % per year
Achieved revenue growth, 5 years+12.9 % p.a.
Sector median revenue growth+3.4 %
FCF yield on price0.99 %
Discount rate (WACC) in the models10.9 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 27
FUTURE35· sector 16
PAST55· sector 17
HEALTH93· sector 89
DIVIDEND7· sector 41
VALUE 0: the price sits above our fair-value range.
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
Similar stocks
10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
As of Aug 31, 2026, our model estimates a fair value of ₹1,547 versus a price of ₹2,522, about −39% upside (overvalued).
What is the fair value of SRF?
Our model-based fair value for SRF Limited is ₹1,547 (as of Aug 31, 2026), built from audited fundamentals. The current price: ₹2,522.
What is the quality score of SRF?
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 price target for SRF Limited (SRF)?
Our model-based price target is the fair value of ₹1,547 (as of Aug 31, 2026) from 13 valuation models. Cautious scenario ₹787.16, optimistic scenario ₹2,368. It is a calculation from audited fundamentals, not an analyst target.
What is the SRF Limited stock forecast for 2026?
Our models put fair value at ₹1,547, about −39% upside versus a price of ₹2,522 (overvalued). Cautious scenario ₹787.16, optimistic scenario ₹2,368. The calculation is refreshed regularly with new filings.
What is the revenue of SRF Limited (SRF)?
SRF Limited reported trailing-twelve-month revenue of about ₹158B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of SRF?
The net profit margin of SRF Limited is about 11.6%, meaning it keeps roughly 11.6% 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 0.36% relative to its recent price (as of Aug 31, 2026).
What growth is priced into SRF Limited (SRF)?
For today's price to be fair in a discounted-cash-flow model, SRF Limited would have to grow free cash flow by +33.6 % per year for ten years (discount rate 10.9 %, then 2 % perpetual growth). Over the last 5 years revenue grew +12.9 % per year. As of Aug 31, 2026.
What discount rate (WACC) does the fair value of SRF use?
Our models discount SRF Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.05, country premium for India. The same rate applies in all 26 models.
What is the intrinsic value of SRF Limited (SRF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SRF Limited it is ₹1,547 per share (as of Aug 31, 2026), against a price of ₹2,522. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is SRF Limited stock overvalued or undervalued in 2026?
As of Aug 31, 2026, SRF trades above its calculated fair value: price ₹2,522, fair value ₹1,547, a gap of about −39% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SRF?
No. The price is what the market pays today (₹2,522); the fair value is what the company's own numbers justify (₹1,547). For SRF Limited the two are ₹974.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is SRF Limited worth?
The market values SRF Limited at about ₹849B (market capitalisation, as of Aug 31, 2026). Per share that is ₹2,522; our models calculate a fair value of ₹1,547 per share.
What do the bullish and bearish scenarios say about SRF?
Our models span a range for SRF Limited: cautious scenario ₹787.16, base ₹1,547, optimistic ₹2,368 per share (as of Aug 31, 2026, price ₹2,522). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SRF?
SRF Limited trades at a price-to-earnings ratio of 39.1 (as of Aug 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,547 is built from several models across several years. Other multiples: P/B 6.1, P/S 5.4, EV/EBITDA 24.1.
How solid is the balance sheet of SRF Limited (SRF)?
Balance-sheet figures for SRF Limited (as of Aug 31, 2026): return on equity 13.8%, debt of 0.14 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SRF from its 52-week high?
SRF Limited trades at ₹2,522, about 24% below its 52-week high of ₹3,314 and 7% above the low of ₹2,355 (as of Aug 31, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,547 is for.
Which stocks are comparable to SRF Limited?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SRF Limited stock attractive at the current price?
The data as of Aug 31, 2026: price ₹2,522, calculated fair value ₹1,547 (−39%), Quality Score 60/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SRF calculated?
We run SRF Limited through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,547, with the spread shown as a cautious and an optimistic scenario.
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