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Our approach to long-term growth is built on a strategic balance of debt and equity. We consider financial capital a foundational element of our business. We have a strong cash flow monitoring system to identify growth opportunities and optimise costs across functions. This supports prudent capital deployment for future expansion, alongside maintaining a robust liquidity position to manage potential economic disruptions.
of Capital Employed
Debt Equity Ratio
Revenue
EBITDA
Earnings Per Share
‘Stable/CRISIL A1+’ for our bank loan facilities and commercial paper
India Ratings and Research has rated our “Fund Based and Non-Fund Based Working Capital Limits” as IND AA+/Stable and IND A1+
Investors/ Shareholders | Bankers
Regulatory bodies
Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable
Corporate Governance | Innovation, Research & Development
At SRF, we balance our commitment to sustainable operations and expansion across our business verticals. We carefully allocate capital to sustain growth projects while preserving sufficient liquidity to navigate changing economic conditions. During the year, we have also strengthened our technical capabilities and deepened our expertise in chemical processes.
In FY25, we invested more than ₹ 1,095.68 Crores in brownfield projects across all business lines, including a sizeable amount of CAPEX in Chemical Business and Performance Films & Foil Business facilities. The expansions include construction of fourth generation refrigeration plant in our Dahej facility and BOPP – BOPE Film (including Metalliser) plant at our Indore facility. These strategic investments have enabled us to enter new markets, pursue innovative opportunities, and significantly enhance our value proposition. Concurrently, we undertook cost optimisation initiatives to ensure the seamless and efficient operation of our plants. These measures led to enhanced cost efficiency, improved resource utilisation, and contributed positively to our overall financial performance.
In FY25, we delivered robust financial results, recording a total turnover of ₹ 14,693.07 Crores – an increase of over 11% compared to FY24. Our profitability remained strong, underpinned by operational excellence, with EBITDA of ₹ 2,970.33 Crores and Profit After Tax (PAT) standing at ₹ 1,250.78 Crores. Our Earnings per Share stood at ₹ 42.2 for the year, reinforcing the consistency of our returns and our commitment to create long-term shareholder value. During the year, we also issued two interim dividends of ₹ 3.60 per share each.
Our growth journey has been shaped by consistent contributions of each of our businesses, all driven by focussed strategies and a sharp responsiveness to market needs. In recent years, the consistent performance across our three core businesses has underscored the resilience and strength of our diversified portfolio. The EBIT of our Performance Films & Foil Business increased by 76% in FY25 compared to the previous year. This strong performance underscores the effectiveness of our long-term strategy and highlights our continued commitment to creating sustainable value across economic cycles.
We continue to maintain a strong credit profile, as reflected in the ratings provided by leading agencies. CRISIL has assigned us a rating of ‘CRISIL AA+ /Stable/CRISIL A1+’ for our bank loan facilities and commercial paper. Similarly, India Ratings and Research has rated our “Fund Based and Non-Fund Based Working Capital Limits” as IND AA+/Stable and IND A1+, term loans as IND AA+/Stable and commercial paper as IND A1+.
These independent assessments signify the strength of our business fundamentals – our leadership position in key markets, a diversified revenue base, high operational efficiency, and strong financial health.
We have a group-wide Tax Policy which lays down our commitment towards being a responsible corporate citizen. This commitment reflects our core value - Integrity & Excellence. Moreover, we are committed to be compliant with the taxation laws of various countries, avail any potential allowances, relaxations, tax exemptions. We prefer to take a conservative approach, which ensures adherence to the tax laws of the relevant jurisdictions in which we operate. Our Tax Policy is applicable to both Direct & Indirect Tax for the Company and its subsidiaries. It is approved by the Board of Directors of the Company. Further details of our Tax Policy can be viewed at https://www.srf.com/wp-content/uploads/2024/03/Tax-Policy.pdf
We paid ₹ 308.84 Crores of Income taxes (net of refunds) and ₹ 113.59 Crores related to net GST payments during FY25 in India.
Enables expansion and strengthen operational capabilities
Fuel R&D initiatives and modernisation
Adoption of renewable energy and enhancement of energy efficiency initiatives
Strengthen collaborations and foster impactful partnerships
Facilitates change management and help attract and retain the best
