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Eco-designed Annual Report
SRF is committed to achieving long-term growth through a strategic mix of debt and equity. We fully recognise and appreciate the role that financial capital plays as a fundamental keystone within our organisational structure. Our robust cash flow monitoring system allows us to identify growth opportunities and streamline costs across all departments. This ensures we allocate the right amount of capital for growth projects while maintaining sufficient liquidity to navigate any economic challenges.
Corporate Governance |Innovation, Research & Development
Operating Cost
Capital Employed
Revenue
EBIDTA
EPS
We place a strong emphasis on driving both sustainability and expansion across our business. We are diligent in ensuring that capital is judiciously allocated for growth projects, while also preserving an optimal level of liquidity to safeguard and sustain our business activities amidst diverse economic conditions. We enhanced our capabilities and cultivated expertise in novel chemistries.
In FY24, we have incurred capex of approx. ₹ 2,347.45 crore for setting up greenfield and brownfield projects across businesses with a larger share of investments in Chemicals Business. To seize future market opportunities in Specialty Chemicals, we commissioned nine dedicated facilities at our Dahej facility during the year. These strategic investments have positioned us to penetrate unexplored markets, pursue novel opportunities for expansion, and propel growth that substantially enhances our value. Apart from commissioning new facilities, we worked on cost structures, ensuring we efficiently run our plants.
In FY24, we recorded a total turnover of ₹ 13,138.52 crore. Our balance sheet remains strong with PAT of ₹ 1,335.71 crore and EBIDTA of ₹ 2,743.84 crore. Our earnings per share stands at ₹ 45.06 for the year. We disbursed two interim dividends of ₹ 3.6 per share each during this financial year. We remain committed to our objective which is to provide a favourable long-term value creation for our shareholders.
Overview of the company’s financial performance
Each business has significantly contributed to our overall growth, driven by strategic initiatives and market responsiveness. Strong and consistent performance of all three businesses over the past five years underscores the effectiveness of our diversified businesses and commitment to long-term value creation
CRISIL Ratings has reaffirmed its ‘CRISIL AA+ /Stable/CRISIL A1+’ ratings on the bank facilities and debt instruments of SRF Limited. India Ratings and Research has rating IND AA+/Stable/IND A1+ and IND AA+/Stable for the Company’s “Fund Based and Non-Fund Based Working Capital Limits” and long term loans categories respectively. These evaluation by external rating organisation continue to reflect a strong business profile driven by market leadership, diversified revenue, high operating efficiency, and a healthy financial profile.
