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SRF Limited SRF.NS

IN · National Stock Exchange of India · XNSE · stock · Industrials · website

SRF Limited statistics & valuation

Market cap₹828.3B
P / E45.1×
P / S5.4×
P / B5.9×
P / FCF112.2×
Net margin11.9%
FCF margin4.8%
Net debt₹46.0B
Enterprise value USD$9.2B
Earnings yield EBIT/EV3.2%
Return on capital15.7%
Graham number -70.9%₹812.37

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹812.37); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.80% 10.30% 8.70% 11.90% 2023202420252026
Gross margin (%)
48.70% 47.30% 45.70% 48.70% 2023202420252026
Operating margin (%)
21.00% 15.50% 14.50% 18.00% 2023202420252026
Return on equity (%)
20.90% 11.60% 9.90% 13.10% 2023202420252026
Shares outstanding
296.4M 296.4M 296.4M 296.4M 2023202420252026
Net debt (₹)
₹38.70B ₹46.31B ₹43.92B ₹45.97B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
11.50% 6.50% 5.80% 7.60% 2023202420252026
Free cash flow margin (%)
0.20% -1.00% 8.70% 4.80% 2023202420252026
Debt / equity (×)
0.43× 0.44× 0.37× 0.37× 2023202420252026
EPS (₹)
₹72.95 ₹45.06 ₹42.20 ₹61.91 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

SRF Limited trades at about 45.1× earnings — below its 10-year norm (10-year range 34.8×–71.3×, median 58.2×).

34.8× 71.3×

Shaded band = 10-year range (34.8×–71.3×); dot = today's 45.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin48.7%45.7%47.3%48.7%
Operating margin18.0%14.5%15.5%21.0%
Net margin11.9%8.7%10.3%14.8%
FCF margin4.8%8.7%-1.0%0.2%
Return on assets7.6%5.8%6.5%11.5%
Return on equity13.1%9.9%11.6%20.9%
Debt / equity0.14×0.16×0.20×0.22×
Current ratio1.101.131.031.17

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.