chemicals

SRF Limited

SRF · Nifty 50

2,705.5

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positionchemicals sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score100/100 (STRONG). 2 positive flags, 4 concerns.
Historical Context44 similar technical setups. Average outcome: -7.9% decline. 0% positive.

Fundamental

100/100

STRONG

Trust

95/100

Verification

Coverage

44/100

LIMITED

Quick Take

SRF Limited scores 100/100 on fundamentals (strong). SRF Limited: BROAD EXPANSION regime.

Fundamental Score: 100/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 14.1% broken into three drivers. Each shows how efficiently the company generates returns.

ROE14.1%=
12.3%Net Margin
×
0.7xTurnover
×
1.7xLeverage

ROE of 14.05% is moderate margin-driven and stable. Net margin of 12.3% × asset turnover of 0.67x × leverage of 1.7x.

What This Means

Net margin of 12.3% means the company keeps ₹12.3 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.67x means the company efficiently uses its assets to generate revenue. Leverage of 1.7x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

48.7%

Operating

17.3%

Net

12.3%

improving

Gross margin 48.7% → operating margin 17.3% → net margin 12.3%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Earnings Quality

ADEQUATE

Cash flow covers net income 1.3x — earnings are ADEQUATE quality. Cash conversion is reasonable.

Debt Sustainability

COMFORTABLE

Interest covered 9.4x — very comfortable. Debt service is not a concern. Debt/EBITDA at 1.4x is low — balance sheet has capacity.

Free Cash Flow

MODERATE

FCF margin at 4.6% — moderate. Generating cash after investments.

Peer Comparison

SRF Limited is compared against 10 peers in the chemicals sector.

Key Watchpoints

🟢

Breaks above ₹2841 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹2570 (-5%)

Further downside risk

🟢

Chemicals sector entering leadership

Sector rotation signal

Detected Patterns

✅ Cash Flow Inflection: FCF turned positive after negative periods — major transition

Risk Flags

🔴 1 Critical⚠️ 3 Warning2 Positive6 total flags
🔴Cash covers only 9% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️61% of debt is short-term
Balance Sheet

High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.

⚠️Audit risk elevated: 8/10
Governance

Potential accounting concerns. Cross-check with earnings quality flags.

⚠️Board risk elevated: 8/10
Governance

Governance structure concerns. Independent director representation may be weak.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

Assets relatively new (25% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

⚠️ 1 critical + 3 warning flags. Exercise caution.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
44.2UNAVAILABLE
P/B Ratio
5.8HIGH
Market Cap
₹8130417.1L CrHIGH
From 52W High
81% of high
Sector Peers
10