SRF Share Price

SRF Limited, founded in 1970, is a chemical-based multi-business entity that manufactures industrial and specialty intermediates. Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, and Coated and Laminated Fabrics are all part of the company's diverse business portfolio.

Founded by Dr. Bharat Ram in 1970, Shri Ram Fibres was later renamed SRF Ltd in 1990. It is headquartered in Mumbai, Maharashtra and employs over 7,000 people worldwide. 

Shriram Fibres Ltd manufactures and distributes cotton yarn, spun yarn, textile fabrics and nonwovens. The Company also exports its products to 90 plus countries. Shriram Fibres's core markets are in Asia Pacific, Europe and North American countries. However, it also caters to several other countries in Latin America, the Middle East and Africa (MEA). 

Business Verticals

SRF Ltd. has many business verticals.

Their product portfolio comprises various functional chemicals and industrial intermediates. The products in its Fluorochemicals business vertical include trifluoroacetic acid (TFA), fluosilicic acid (H2SiF6), hexafluorosilicic acid (H2SiF6) and fluorosilicates of alkali metals.

SRF Ltd. is a manufacturer and marketer of specialty chemicals for paint, coatings, adhesives, sealants, lubricants and other markets. It also offers a range of automotive products such as car polish/cleaners, maintenance kit products and waxes. 

They are primarily known for their superior quality speciality films. These products include flame retardant (FR) films, odour control films, antistatic films, gas barrier films and many others. The market has witnessed significant growth. This demand can be attributed to a rise in personal disposable income and a corresponding increase in per capita consumption expenditure.

SRF is India's largest technical tiles manufacturer and the third-largest synthetic rubber producer in Asia. SRF Ltd. provides a range of products, including ceramics, vinyl sheets, tile sealants and grouts, building materials (ceramic, marbles & granite), adhesives and flooring solutions. The company also operates in the infrastructure development space as a contract player for bridges/flyovers/roads etc.

Their Laminated Fabrics Business Segment, also known as Packaging Films Business, includes coating, coextrusion, conversion or lamination processes. TLF produces polyester resin-coated or laminated products for packaging applications such as film, bags, cups and plates. Markets include Beverage Containers (i.e., bottles, cans), Dairy Products (i.e., milk cartons), Food Packaging (i.e., frozen pizza boxes), and Pet Food Bags, among others.

Company History

SRF Limited (SRF) was founded on January 9, 1970, as Shriram Fibres Ltd. SRF Finance Ltd began operations in 1986. SRF began commercial production of fluorochemicals in Bhiwadi in 1989. The company's name was changed from Shriram Fibres Limited to SRF Limited in 1990. Total Quality Management (TQM) was implemented throughout the company in 1993.

Milestones

1970 - Shri Ram Fibres gets incorporated.
1974 - First Tyre Cord Fabrics plant is established in Manali, Chennai.
1977 - Commenced the production of Fishnet twine.
1979 - Commenced the production of nylon engineering plastics.
1982 - CSR arm is launched with ‘Society for Education and Welfare Development.’
1983 - SRF enters the Belting Fabrics market with its facility in Viralimalai, Tamil Nadu.
1986 - Commissioned the Viralimalai coated fabric; Nippondenso Ltd begins operations. SRF’s wholly owned subsidiary, SRF Finance commences operations.
1989 -  SRF enters the Fluorochemicals business with the production of refrigerants at the facility in Bhiwadi, Rajasthan.
1990 - Shri Ram Fibres gets renamed SRF Ltd due to diversification.
1993 - SRF Nippondenso was divested.
1995 - SRF acquires the BOPET film plant owned by M/s Flowmore in Kashipur and the Packaging Films Business. 
1996 - The company established its first overseas plant (tyre cord) in Dubai.
1997 - SRF Finance Ltd. is sold along with SRF’s 50.5% stake to GE Capital (Mauritius); Vision Care Division is sold as a separate entity to Paris-based Essilor Group.
2000 - SRF acquires DuPont, subsidiary DuPont Fibres Ltd (DFL), and renames it Tyre Cord Fabric Ltd.
2004 - SRF enters the Specialty Chemicals Business as a supplier of fine chemicals to the agrochemicals and pharmaceuticals industry; Set’s up a new manufacturing plant in Indore.
2007 - SRF’s CSR arm, Society for Education and Welfare Development, is renamed SRF Foundation to continue transforming education in India.
2008 - SRF acquires the plant of Thai Baroda Industries Limited in Rayong.
2009 - SRF Polymers Ltd. commenced commercial production of Polyester Industrial Yarn.
2010 - SRF enters the Laminated Fabrics Business with their Kashipur plant in India.
2011 - The Gummidipoondi plant gets an upgrade with world-class facilities.
2012 - SRF’s biggest manufacturing unit is set up Dahej facility in Gujarat.
2013 - SRF enters the global Packaging Films market by setting up facilities in Thailand and South Africa and closes SRF Overseas Ltd. in Dubai.
2015 - SRF acquires the Dymel® HFA 134a/P making them one of the few manufacturers of Pharma-grade HFA 134a/P in the world.
2016 - SRF Industries (Thailand) sets up a distribution network in Thailand.
2017 - SRF’s Packaging Films Business commences a new facility at the Domestic Tariff Area (DTA), in Indore, Madhya Pradesh. SRF Acquires Mexichem’s HFC-125 assets and becomes the exclusive manufacturer of all three major HFCs.
2017 - SRF closes down SRF Industex Belting (Pty) Limited–its South African Subsidiary.
2019 - SRF makes a strategic exit by selling its Engineering Plastics Business to DSM and closing down the Technical Textiles Business (TTB) manufacturing plant in Rayong, Thailand,
2020 - SRF enters the European market with a state-of-the-art film manufacturing facility at Jaszfenyszaru, Hungary and commences the 2nd BOPET film line and a Resin plant at the Rayong facility in Thailand. 
2021 - SRF launches the 1st BOPP Film Line with the highest safety standards and remarkably high production capacity at Rayong, Thailand.
2022 - SRF incorporates SRF Altech Ltd to grow in Aluminium Foil production.