SRF

Based on global chemical firms' outlook, analysts expect SRF to continue to benefit from strong volume-led recovery in agrochem globally, resilient R32 demand & modest demand growth outlook

Brokerages maintained a positive stance on SRF, highlighting continued margin strength, steady volume growth, and the company's strategic capex expansion.

Chemical firm SRF Ltd will invest nearly Rs 750 crore to set up an agro-chemical plant in Gujarat and a BOPP film manufacturing facility in Indore as part of its expansion plan. Gurugram-based SRF Ltd has a diversified business comprising fluorochemicals, specialty chemicals, performance films & foil, technical textiles, and coated and laminated fabrics. The company's board on July 23 approved the setting up of a facility to produce agrochemicals at Dahej, Gujarat, at a cost of Rs 250 crore. The facility at Dahej will produce 12,000 tonnes per annum of an agrochemical intermediate. This project will be completed in 18 months, according to the latest regulatory filing. The board also approved a Rs 490 crore investment to set up a BOPP (Biaxially Oriented Polypropylen) film manufacturing facility in Indore, featuring a state-of-the-art 10.4m wide Bruckner film line and a metalliser. The project is expected to be completed in 24 months. SRF Ltd has posted a 71 per cent increase in ..

SRF's revenue for the quarter rose 10.3 per cent Y-o-Y to ₹3,819.6 crore, while Ebitda surged 37.8 per cent Y-o-Y to ₹831 crore, improving margins from 17.4 per cent to 21.7 per cent.

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SRF stock was trading at ₹2,940, down 2.47 per cent from the previous day's close of ₹3,014.5 on the NSE

SRF reports ₹526 crore net profit in Q4 FY25, a 24 per cent rise driven by strong growth in chemicals, fluorochemicals, and performance films amid global volatility

SRF is on the verge of a consolidation breakout as the price up move has been supported by good volumes. The 50 DEMA has acted as a support on declines where buying interest is seen

SRF stock was quoting at ₹2,925.9, up 6.61 per cent from the previous day's close of ₹2,744.4 on the NSE

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SRF stock has taken support and bounced up from its 20 DEMA after breaking out from a consolidation zone

Building on the momentum achieved so far, the company's management expects SRF to finish the year on a reasonably strong footing

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The company aims to add a manufacturing facility with a capacity of 60,000 million tonne per annum within the next 25 months

Chemical firm SRF Ltd on Tuesday reported a 33 per cent decline in its consolidated net profit to Rs 201.42 crore for the second quarter of this fiscal on higher expenses and announced plans to invest Rs 1,100 crore on new plants to manufacture fourth-generation refrigerants. Its net profit stood at Rs 300.78 crore in the year-ago period. The total income rose to Rs 3,457.63 crore during the July-September period of this fiscal from Rs 3,206.48 crore in the year-ago period, the company said in a regulatory filing. The company's total expenses increased to Rs 3,173.97 crore in the second quarter from Rs 2,791.67 crore a year ago. SRF Chairman and Managing Director Ashish Bharat Ram said, While the performance this quarter has been expectedly subdued, I believe the worst is now behind us. We will start seeing an improvement from this quarter onwards with a likelihood of a strong finish to the year". SRF also informed that its Board of Directors approved "a project for setting up new

The market's expectation of a demand recovery for SRF's chemical segment will be met with disappointment, UBS said

SRF has given trend line breakout on daily chart and holding well above the same.

The chemicals industry has been grappling with high inventory and destocking for the past few quarters, leading to continuous pressure on volume and margins, according to analysts

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25