India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#96- Valuation
- ₹74,660 Cr
2024 #98 2021 #273
SRF Limited - manufacturing in New Delhi, Delhi, India. FY 2026 financials & compliance.
Active Listed - NSE: SRF · BSE: 503806 Public Limited Company manufacturing India's Most Valuable · #96 Nifty 500
Revenue · FY 2026
₹15,894 Cr
▲ 7% YoY
Net profit · FY 2026
₹1,902.69 Cr
Net margin 12%
EBITDA · FY 2026
₹3,324.69 Cr
EBITDA margin 20.9%
Authorised capital
₹336 Cr
Registered with MCA
Paid-up capital
₹296.42 Cr
Issued & subscribed
Open charges
₹5,310.59 Cr
Satisfied ₹8,252.73 Cr
Company age
56 yrs
Est. 1970
Employees · EPFO
6,802
Provident fund records
About SRF Limited
Data last updated:
SRF Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Kama Holdings Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 09 January 1970 and has been in existence for over 56 years.
SRF is ranked #96 among India's most valuable companies (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L18101DL1970PLC005197. Its GSTIN is 07AAACS0206P1ZF (Delhi). The company holds 18 GST registrations, of which 14 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 503806 and NSE: SRF.
The company has an authorised share capital of ₹336 Cr and a paid-up capital of ₹296.42 Cr. It is led by directors including Ashish Bharat Ram (Managing Director) and Kartik Bharat Ram (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at The Galleria DLF Mayur Vihar Unit No. 236 & 237 2nd Floor Mayur Place Mayur Vihar Phas, E I Extn., New Delhi, Delhi, India – 110091.
As per the financials filed for FY 2026, the company reported a revenue of ₹15,894 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1,902.69 Cr (net margin 12%) and EBITDA of ₹3,324.69 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 13% over five years.
The company has about 6,802 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: SRF. As per MCA filings, the company has open charges of ₹5,310.59 Cr and satisfied charges of ₹8,252.73 Cr on record. Court records list 533 cases involving the company, including 299 filed by the company and 234 filed against it; 88 cases are pending. The company has 91 deals on record (88 market trades, 2 acquisitions, 1 qip); the latest was in November 2022. Its 4 peer companies in the Manufacturing industry (Films and Foils, Industrial Chemicals, Textiles), with the same principal business activity (manufacture of chemicals and chemical products) are compared by revenue, 2 larger and 2 smaller; the largest is Rashtriya Chemicals and Fertilizers Limited with revenue of ₹17,098 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 570 overdue payments to 204 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website srf.com.
Company details
CIN L18101DL1970PLC005197
Registration Number 005197
Incorporation Date 09 January 1970
ROC Delhi
Listing Status Listed - Listed on NSE (SRF); Listed on BSE (503806)
Company Status Active
Parent Company Kama Holdings Limited
Compliance Status Active Compliant
Key People
Ashish Bharat Ram Managing Director Kartik Bharat Ram Whole-Time Director Pramod Gopaldas Gujarathi Whole-Time Director Recognitions & Rankings of SRF
Stock market indices
Nifty 500 BSE 500
Contact details
SRF Limited's registered office is in New Delhi, Delhi. Its website is srf.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Galleria DLF Mayur Vihar Unit No. 236 & 237 2nd Floor Mayur Place Mayur Vihar Phas, E I Extn., New Delhi, Delhi, India – 110091
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of SRF Limited, buy the company report.
Comprehensive company report
SRF Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of SRF is manufacturing. In detail, this covers manufacture of chemicals and chemical products, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and plastic products, non-metallic mineral products, rubber products, fabricated metal products. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of SRF Limited, buy the company report.
Financials of SRF Limited
FY 2026 filings availableSRF Limited reported revenue of ₹15,894 Cr (up 7% YoY) for FY 2026.
Revenue · FY 2026
₹15,894 Cr ▲ 7%
Net profit · FY 2026
₹1,902.69 Cr margin 12%
EBITDA · FY 2026
₹3,324.69 Cr margin 20.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 2%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▼ 2%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 7% growth in the latest year. EBITDA rose 22% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15,894 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3,324.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,902.69 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | ||||
| Net Profit Margin | 12% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of SRF Limited, buy the company report.
Board of directors of SRF Limited
SRF has 10 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Gupta | Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Raj Kumar Jain Also directs: JK Agri Genetics Limited, Network18 Media & Investments Limited, Relaxo Footwears Limited and 5 more | Director | 09 May 2022 | 4 Years 6 Months | Current |
| Ashish Bharat Ram Also directs: Karmav Real Estate Holdings LLP, Rose Farms (Delhi) LLP, Kama Holdings Limited and 5 more | Managing Director | 23 May 2005 | 21 Years 5 Months | Current |
| Kartik Bharat Ram | Whole-Time Director | 14 Nov 2006 | 19 Years 11 Months | Current |
| Vellayan Subbiah | Director | 01 May 2012 | 14 Years 6 Months | Current |
| Pramod Gopaldas Gujarathi Also directs: SRF Altech Limited, Chemiesynth (Vapi) Limited | Whole-Time Director | 01 Apr 2017 | 9 Years 7 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
SRF Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Films and Foils, Industrial Chemicals, Textiles), with the same principal business activity (manufacture of chemicals and chemical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rashtriya Chemicals and Fertilizers Limited | ₹17,098 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| SRF Limitedthis company | ₹15,894 Cr (FY 2026) | ₹1,902.69 Cr | 12% | 7.0% | 6,802 | New Delhi, Delhi, India |
| Tata Chemicals Limited | ₹15,112 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Deepak Fertilisers and Petrochemicals Corporation Ltd | ₹10,355 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Gujarat State Fertilizers & Chemicals Limited | ₹9,848.64 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India |
To see the full peer comparison of SRF Limited, buy the company report.
Auditor
SRF Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of SRF Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SRF Limited, buy the company report.
Charges & borrowings
Open charges
₹5,310.59 Cr
Satisfied charges
₹8,252.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jul 2026 | 101326344 | Others | ₹300 Cr | Open | |
| 26 Sep 2025 | 101166486 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 17 Apr 2025 | 101083926 | Others | ₹407.93 Cr | Open | |
| 26 Mar 2024 | 100897072 | Hdfc Bank Limited | ₹90 Cr | Open | |
| 26 Mar 2024 | 100897073 | Hdfc Bank Limited | ₹110 Cr | Open |
To see the full charge records of SRF Limited, buy the company report.
Total charge records: 99 View all charges
Deals & funding
SRF Limited has 91 deals on record (88 market trades, 2 acquisitions, 1 qip); the latest was in November 2022.
Total deals
91
Market trades
88
Acquisitions
2
QIP
1
Deals on record (5 of 91)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | QIP | ₹750 Cr | Investors: SBI Magnum Multicap Fund, India Focused Funds, Icici Prudential Life Insurance Company Limited , an individual |
| May 2019 | Acquisition | ₹318.76 Cr | Buyer: Envalior India Private Limited Seller: SRF Limited |
| Mar 2010 | Market trade | ₹12.11 Cr | Buyer: Gandiv Investment Private Limited Seller: Pat Financial Consultant Pvt Ltd |
| Oct 2009 | Market trade | ₹18.48 Cr | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| Dec 2008 | Acquisition | ₹149.68 Cr | Buyer: SRF Limited Seller: Kama Holdings Limited |
To see the full deal history of SRF Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SRF Limited has 533 court cases on record: 299 filed by SRF, 234 filed against it. 88 cases are pending and 445 are disposed.
Total cases
533
Filed by the company
299
Filed against the company
234
Pending
88
Disposed
445
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 263 | 89 | 46 |
| District courts | 245 | 132 | 42 |
| Supreme Court | 18 | 8 | 0 |
| NCLAT | 5 | 5 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 533)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Coal India Ltd | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Dakshin Gujarat Vij Company Ltd. and 2 others | Pending |
| High Court | Writ petition | Filed by the company against Kalp Buildtech Private Limited and 3 others | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by XS Productions India Pvt Ltd | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Tamil Nadu Green Energy Corporation Limited and 1 other | Disposed |
To see the full case history of SRF Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
SRF Limited was last rated by Indiarating on 18 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 18 Apr 2023 |
To see the full credit ratings and regulatory alerts of SRF Limited, buy the company report.
MSME payment delays
SRF Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 570 overdue payments to 204 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 204)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Trinity Engineering Enterprises | |||
| Sathe Engineering Company Private Limited | |||
| Rolcon Engineering Company Limited | |||
| an individual supplier |
To see the full MSME payment records of SRF Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
SRF has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| SRF Altech Limited | U27204DL2022PLC395117 | |
| SRF Holiday Home Limited | U45200DL2006PLC156147 |
To see the full group structure of SRF Limited, buy the company report.
Employees & EPFO
SRF Limited has a workforce of 6,802 employees on its EPFO records as of May 2026, across 13 active EPFO establishments.
Employee count
6,802
Active EPFO establishments
13
Employee growth
-3.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6,802 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2013-14 |
To see the full employee and EPFO history of SRF Limited, buy the company report.
GST
SRF has 18 GST registrations: 14 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
18
Active
14
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACS0206P1ZF | Delhi | Active | 01 Jul 2017 |
| 05AAACS0206P1ZJ | Uttarakhand | Active | 01 Jul 2017 |
| 06AAACS0206P1ZH | Haryana | Active | 01 Jul 2017 |
| 08AAACS0206P1ZD | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SRF Limited, buy the company report.
Recent activity
SRF Limited has 29 board changes on record since 2005: 10 appointments and 19 cessations. The latest: Rahul Jain ceased to be CFO on 12 Dec 2025.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 101326344 was registered on 09 Jul 2026.
AGM
Srf Limited last Annual general meeting of members was held on 30 Jun 2026 as per latest MCA records.
Filing
Srf Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Ceased
Rahul Jain ceased to be CFO.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.00 Cr with Charge ID 101166486 was registered on 26 Sep 2025.
Charges
A charge registered on 09 Jun 2020 via Charge ID 100353390 with Standard Chartered Bank was fully satisfied on 11 Aug 2025.
Charges
A charge registered on 17 May 2016 via Charge ID 100045430 with Others was fully satisfied on 05 May 2025.
Charges
A charge registered on 16 Dec 2020 via Charge ID 100400057 with Hdfc Bank Limited was fully satisfied on 02 May 2025.
Charges
A charge with Others amounted to Rs. 407.93 Cr with Charge ID 101083926 was registered on 17 Apr 2025.
Charges
A charge registered on 28 Oct 2021 via Charge ID 100496575 with Others was fully satisfied on 04 Apr 2025.
Charges
A charge registered on 30 May 2022 via Charge ID 100581453 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 24 Mar 2025.
Charges
A charge registered on 28 Mar 2018 via Charge ID 100171992 with State Bank Of India was fully satisfied on 26 Feb 2025.
268 earlier events are in the company report.
News
SRF: Aims for 15-20% Revenue Growth in Chemical Operations by FY27.
SRF: Anticipates CB Revenue To Hit Upper Limit Of Annual Guidance Thanks To Strong Specialty Growth In H2 And Ongoing Volume Recovery.
SRF: Q2 CONS NET PROFIT 5.09B RUPEES VS 3.9B (YOY); EST 5.98B
SRF: Q2 EBITDA 9.45B RUPEES VS 7.74B (YOY), EST 10.55B; Q2 EBITDA MARGIN 19.3% VS 21.27% (YOY), EST 22.5%
SRF: Q2 REVENUE 49B RUPEES VS 36.4B (YOY); EST 46.95B
SRF Limited: Board Greenlights ₹600 Crores For New Aluminium Foil Plant In Madhya Pradesh; First Phase Set To Finish By September 2028.
Frequently asked questions
SRF is an active public limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 09 January 1970 (56+ years old) and is registered under CIN L18101DL1970PLC005197. Listed on BSE: 503806 and NSE: SRF.
SRF has 10 current directors:
- Ashish Bharat Ram - Managing Director
- Kartik Bharat Ram - Whole-Time Director
- Pramod Gopaldas Gujarathi - Whole-Time Director
- Yash Gupta - Director
- Raj Kumar Jain - Director
- Vellayan Subbiah - Director
- Puneet Yadu Dalmia - Director
- Bharti Gupta Ramola - Director
- Ira Gupta - Director
- Vineet Agarwal - Director
The latest financial statements of SRF on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of SRF is 07AAACS0206P1ZF, registered in Delhi. The company has 18 GST registrations in all, of which 14 are active and 4 are cancelled or inactive. Other active GSTINs include 05AAACS0206P1ZJ (Uttarakhand), 06AAACS0206P1ZH (Haryana), 08AAACS0206P1ZD (Rajasthan).
The CIN (Corporate Identification Number) of SRF is L18101DL1970PLC005197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. SRF is a listed company as per MCA records. Its shares are listed on both BSE (code: 503806) and NSE (symbol: SRF).
SRF has 533 court cases on record: 299 filed by the company and 234 filed against it. 88 are pending. Most are in the high courts.
SRF was incorporated on 09 January 1970, making it 56+ years old. It is registered with the Registrar of Companies, Delhi.
SRF has 91 deals on record (88 market trades, 2 acquisitions, 1 qip); the latest was in November 2022.
The peers of SRF by revenue are Rashtriya Chemicals and Fertilizers Limited, Tata Chemicals Limited, Deepak Fertilisers and Petrochemicals Corporation Ltd, Gujarat State Fertilizers & Chemicals Limited, all in the Manufacturing industry (Films and Foils, Industrial Chemicals, Textiles), with the same principal business activity (manufacture of chemicals and chemical products).
Rahul Jain ceased to be CFO on 12 Dec 2025. Ira Gupta was appointed as Director on 01 Apr 2024. Vineet Agarwal was appointed as Director on 01 Apr 2024. SRF has 29 board changes on record in total.
SRF has 8 MSME Form 1 returns on record between 2019 and 2024, listing 570 overdue payments to 204 micro and small suppliers. The latest return was filed on 01 May 2024.
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