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SRF Ltd.

SRFCommodities filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

38 transcript(s)/analyst meet(s) served; 37 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 38 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
COVER_LETTER202205112022-03-31no
COVER_LETTER202205162022-03-31no
COVER_LETTER202207232022-06-30no
COVER_LETTER202207282022-06-30no
COVER_LETTER202211042022-09-30no
COVER_LETTER202211112022-09-30no
COVER_LETTER202301312022-12-31no
COVER_LETTER202302072022-12-31no
COVER_LETTER202305112023-03-31no
COVER_LETTER202305172023-03-31no
COVER_LETTER202307252023-06-30no
COVER_LETTER202308012023-06-30no
COVER_LETTER202310302023-09-30no
COVER_LETTER202311062023-09-30no
COVER_LETTER202401312023-12-31no
COVER_LETTER202402072023-12-31no
COVER_LETTER202405092024-03-31no
COVER_LETTER202405162024-03-31no
COVER_LETTER202407242024-06-30no
COVER_LETTER202407302024-06-30no
COVER_LETTER202410242024-09-30no
COVER_LETTER202410292024-09-30no
COVER_LETTER202501302024-12-31no
COVER_LETTER202502042024-12-31no
COVER_LETTER202505132025-03-31no
COVER_LETTER202505202025-03-31no
COVER_LETTER202507242025-06-30no
COVER_LETTER202507312025-06-30no
COVER_LETTER202508292025-06-30no
COVER_LETTER202509052025-06-30no
COVER_LETTER202510282025-09-30no
COVER_LETTER202511042025-09-30no
COVER_LETTER202601202025-12-31no
TRANSCRIPT202601282025-12-31yes
COVER_LETTER202605062026-03-31no
COVER_LETTER202605122026-03-31no
COVER_LETTER202607232026-06-30no
COVER_LETTER202607292026-06-30no

SRF

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close2,533.80
52-week range2391.5 – 3190.0
Return 1M-1.6%
Return 3M-7.29%
Return 1Y-12.84%
Return 3Y13.2%
Return 5Y15.03%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations5,033.00
Other income34.00
Total income5,067.00
Cost of materials consumed2,626.00
Purchases of stock-in-trade39.00
Changes in inventories-208.00
Employee benefit expense319.00
Finance costs69.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.500.00
institutions foreign0.15-0.01
institutions domestic0.220.01
mutual funds0.130.01
public0.500.00

Documents on file

ClassMost recentOn file
COVER_LETTER2026-06-3037
TRANSCRIPT2025-12-311

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations3,728.003,470.0038.003,338.003,177.003,053.003,570.003,464.003,424.003,491.004,313.003,819.003,640.003,713.004,615.005,033.00
Other income33.0010.000.0012.0029.0019.0023.0025.0033.0040.0034.0029.0026.0027.0025.0034.00
Total income3,761.003,480.0038.003,350.003,206.003,072.003,593.003,489.003,458.003,531.004,348.003,848.003,666.003,740.004,640.005,067.00
Cost of materials consumed1,786.001,653.0018.001,733.001,541.001,631.001,791.001,824.001,886.001,869.001,995.001,931.001,925.001,890.002,133.002,626.00
Purchases of stock-in-trade63.00133.000.0026.0029.0039.0024.0040.0034.0020.0031.0041.0096.0080.0027.0039.00
Changes in inventories105.00-91.001.00-58.0050.00-116.0018.00-38.00-86.00-83.00206.00-62.00-252.00-134.00122.00-208.00
Employee benefit expense195.00210.002.00218.00227.00244.00247.00252.00253.00261.00276.00277.00277.00281.00313.00319.00
Finance costs44.0062.001.0066.0079.0067.0090.0097.0094.0096.0089.0080.0071.0066.0062.0069.00
Depreciation and amortisation139.00151.002.00157.00161.00169.00186.00188.00194.00194.00195.00203.00212.00217.00220.00223.00
Other expenses810.00732.007.00724.00704.00689.00794.00781.00799.00805.00847.00801.00820.00816.00994.001,021.00
Total expenses3,142.002,849.0031.002,864.002,792.002,723.003,150.003,145.003,174.003,162.003,640.003,272.003,149.003,215.003,871.004,088.00
Profit before exceptional items and tax618.00631.007.00486.00415.00348.00443.00344.00284.00369.00707.00576.00517.00525.00769.00979.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.00-73.00-12.000.00
Profit before tax618.00631.007.00486.00415.00348.00443.00344.00284.00369.00707.00576.00517.00452.00757.00979.00
Current tax169.00129.002.00126.00114.0097.00122.0092.0082.0099.00183.00144.00129.00118.00175.00172.00
Deferred tax-32.00-9.00-0.000.000.00-3.00-101.000.000.00-1.00-2.000.000.00-99.000.0048.00
Tax expense137.00120.002.00126.00114.0095.0021.0092.0082.0098.00181.00144.00129.0019.00175.00220.00
Profit for the period481.00511.006.00359.00301.00253.00422.00252.00201.00271.00526.00432.00388.00433.00582.00759.00
Profit attributable to owners0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Other comprehensive income-153.0090.000.0010.00-43.0076.00-22.0043.00124.00-152.0087.0039.00-108.0048.00-139.00118.00
Total comprehensive income328.00601.006.00369.00258.00330.00400.00295.00326.00119.00613.00472.00280.00481.00443.00877.00
Earnings per share, basic16.2317.2418.9712.1210.158.5514.248.516.799.1517.7514.5813.1014.6019.6325.60
Earnings per share, diluted16.2317.2418.9712.1210.158.5514.248.516.799.1517.7514.5813.1014.6019.6325.60

Annual results, as filed

Line2018-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations5,685.007,209.008,400.0012,434.00149.0013,139.0014,693.0015,787.00
Other income69.0049.0054.0043.001.0083.00133.00107.00
Total income5,754.007,258.008,455.0012,476.00149.0013,222.0014,826.0015,894.00
Cost of materials consumed3,016.003,687.004,028.006,171.0071.006,696.007,574.007,879.00
Purchases of stock-in-trade47.0091.0063.00176.003.00119.00125.00244.00
Changes in inventories-31.00-92.00-72.00-280.00-0.00-105.000.00-326.00
Employee benefit expense474.00542.00621.00780.008.00935.001,042.001,148.00
Finance costs124.00201.00134.00116.002.00302.00376.00278.00
Depreciation and amortisation316.00389.00453.00517.006.00673.00772.00852.00
Other expenses1,226.001,526.001,615.002,411.0031.002,911.003,233.003,431.00
Total expenses5,172.006,344.006,842.009,891.00121.0011,529.0013,122.0013,507.00
Profit before exceptional items and tax582.00915.001,613.002,586.0028.001,692.001,704.002,387.00
Exceptional items0.000.000.000.000.000.000.00-85.00
Profit before tax582.00915.001,613.002,586.0028.001,692.001,704.002,302.00
Current tax157.0027.00415.00714.007.00460.00456.00566.00
Deferred tax-37.00-28.00-1.00-17.00-0.00-103.00-3.00-99.00
Tax expense120.00-1.00414.00697.007.00357.00453.00466.00
Profit for the period462.001,019.001,198.001,889.0022.001,336.001,251.001,835.00
Profit attributable to owners0.000.000.000.000.000.000.000.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.000.00
Other comprehensive income3.00-119.00128.0021.00-2.0021.00101.00-160.00
Total comprehensive income465.00900.001,325.001,910.0020.001,357.001,352.001,675.00
Earnings per share, basic80.41177.29205.5463.7572.9545.0642.4061.91
Earnings per share, diluted80.41177.29205.5463.7572.9545.0642.4061.91

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets17,053.00188.0019,655.0020,482.0021,077.0021,557.0022,261.0024,147.00
Non-current assets11,489.00130.0014,131.0014,833.0015,131.0015,428.0016,113.0016,949.00
Current assets5,564.0058.005,524.005,649.005,945.006,130.006,149.007,198.00
Property, plant and equipment9,049.0099.0010,740.0013,122.0013,349.0013,607.0013,822.0013,820.00
Capital work-in-progress1,843.0024.002,683.00805.00837.00811.001,238.001,889.00
Goodwill0.000.000.000.000.000.000.000.00
Other intangible assets115.001.00116.00120.00117.00112.00110.00106.00
Inventories2,370.0023.002,291.002,326.002,653.002,349.002,730.002,789.00
Trade receivables1,869.0018.001,748.001,943.002,037.002,169.002,043.002,562.00
Cash and cash equivalents325.006.00390.00399.00138.00334.00190.00590.00
Total equity and liabilities17,053.00188.0019,655.0020,482.0021,077.0021,557.0022,261.0024,147.00
Equity9,225.00103.0010,852.0011,479.0011,997.0012,626.0013,264.0014,043.00
Equity share capital297.003.00297.00297.00297.00297.00297.00297.00
Other equity8,927.00100.0010,554.0011,182.0011,700.0012,329.0012,966.0013,745.00
Total liabilities7,828.0084.008,803.009,003.009,079.008,931.008,998.0010,104.00
Non-current liabilities2,838.0035.003,612.003,522.003,327.003,501.003,464.003,581.00
Current liabilities4,990.0049.005,190.005,481.005,752.005,430.005,534.006,523.00
Borrowings, non-current1,674.0023.002,386.002,251.002,002.001,981.001,914.001,953.00
Borrowings, current2,041.0020.002,472.002,669.003,147.002,660.002,613.003,051.00
Trade payables2,243.0022.002,084.002,198.002,331.002,332.002,478.002,585.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities1,220.0029.00993.002,094.00607.002,487.001,061.002,554.00
Net cash from investing activities-1,262.00-30.00-1,429.00-2,227.00-667.00-1,484.00-557.00-1,598.00
Net cash from financing activities-74.002.00222.00-72.00-204.00-1,071.00-649.00-708.00
Purchase of property, plant and equipment1,267.0029.001,373.002,217.00599.001,231.00879.001,815.00
Net increase in cash-125.002.00-218.00-209.00-262.00-65.00-144.00257.00
con:CFO.BEFORE_TAX1,435.0034.001,190.002,476.00774.002,821.001,285.003,060.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING215.005.00197.00383.00167.00334.00224.00506.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED4.002.0071.00135.0035.00269.000.000.00
con:INVESTMENTS_SOLD0.000.004.00111.000.000.00297.00166.00
con:PPE_DISPOSALS1.000.001.0015.004.009.006.009.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group50.5350.5350.5350.5350.3050.2650.2650.2650.2650.260.500.500.500.50
Domestic institutions14.9413.7114.1314.5315.9716.5617.7717.7718.4318.850.200.200.210.22
Mutual funds—————————10.360.110.120.120.13
Insurance companies5.115.035.225.256.226.867.397.517.957.470.070.070.070.07
Foreign institutions18.5120.0319.7919.6019.0818.7518.2918.3618.2718.230.180.170.170.15
Government—————————0.040.000.000.000.00
Public49.4749.4749.4749.4749.7049.7449.7449.7449.7449.740.500.500.500.50
Non-institutional16.0215.7315.5515.3514.6414.4213.6513.5613.0012.610.120.120.120.12
Shares outstanding296424825296424825296424825296424825296424825296424825296424825296424825296424825296424825296424825296424825296424825296424825

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
SRF Industex Belting (Pty) Ltd.Step Down SubsidiaryInterest received, Sale of goods or services658,800,000.004
SRF Europe KftStep Down SubsidiaryAny other transaction, Interest received, Loan, Sale620,600,000.005
SRF Altech Ltd.Subsidiary companyInterest received, Loan, Purchase of fixed assets, P607,200,000.006
Kama Holdings LimitedHolding CompanyDividend paid535,800,000.001
SRF Global BVSubsidiaryAny other transaction, Dividend paid, Interest recei376,200,000.003
SRF Industries (Thailand) Ltd.Step Down SubsidiaryAny other transaction, Purchase of goods or services231,000,000.005
Havells India LimitedEnterprise over which KMP have sigPurchase of goods or services, Sale of goods or serv134,200,000.002
SRF Officers Provident Fund TrustPost employment benefit plans trusAny other transaction110,700,000.003
Vaayu Renewable Energy (Tapti) Pvt. Ltd.Associate companyPurchase of goods or services93,700,000.001
Kartik Bharat RamKey management personnel (KMP) of Dividend paid, Remuneration72,800,000.002
Ashish Bharat RamKey management personnel (KMP) of Dividend paid, Remuneration71,200,000.002
Prashant MehraKey management personnel (KMP) of Any other transaction, Dividend paid, Interest recei66,900,000.005
Prashant YadavKey management personnel (KMP) of Any other transaction, Dividend paid, Interest recei66,500,000.004
Anurag JainKey management personnel (KMP) of Any other transaction, Dividend paid, Interest recei64,400,000.004
SRF Flexipak (South Africa) (Pty) LimitedStep Down SubsidiaryAny other transaction, Sale of goods or services55,800,000.003

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-01-28Q3FY26DIRECTOR, SRF LIMITEDRead the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY26
CapexSir, the first question is on our capex outlook.
Capital allocationOn the finance side, the Board in its meeting today approved a second interim dividend of INR5 per share, entailing a cash outflow of INR148.21 crore.
CostsAdditionally, our sourcing initiatives have delivered strong results with the approval of several new raw material suppliers.
DemandThis, along with a strong pipeline for the coming quarter, gives us the confidence to finish the year on a strong note.
GuidanceWe expect demand to remain subdued in the off-season, and we'll focus on tensile and semi-tensile value-added products to protect margins.
MarginOur gross operating revenue grew 6% to INR3,713 crore and EBIT was up by 23% year-on- year from INR529 crore to INR653 crore over the current period l…
PricingHowever, these advancements have not fully reflected in this quarter's financial performance due to persistent pricing pressure from customers, driven…
Revenue growthOur Chemicals Business reported a revenue growth of 22%, increasing from INR1,496 crore in quarter 3 financial year '25 to INR1,825 crore in quarter 3…