Cash flow SRF Limited

Equities

SRF

INE647A01010

Diversified Chemicals

Market Closed - Bombay S.E. Other stock markets 05:00:44 2025-01-23 am EST			5-day change	1st Jan Change
2,596.70 ^INR	+2.97%		+4.22%	+16.05%

Jan. 17	Srf Limited Receives Order from Joint Commissioner, Cgst & Central Excise, Vadodara-II	CI
Dec. 27	SRF Limited Incorporates Wholly Owned Subsidiary	CI

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Published financial data: SRF LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	72.09B	84B	124B	149B	131B
Other Revenues, Total	-	-	-	-	-
Total Revenues	72.09B	84B	124B	149B	131B
Cost of Goods Sold, Total	38.91B	42.24B	63.21B	76.77B	70.38B
Gross Profit	33.19B	41.76B	61.13B	71.93B	61.01B
Selling General & Admin Expenses, Total	5.57B	6.39B	8.1B	8.53B	9.77B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	3.89B	4.53B	5.17B	5.75B	6.73B
Other Operating Expenses	12.95B	13.9B	21.84B	28.07B	25.36B
Other Operating Expenses, Total	22.4B	24.83B	35.12B	42.35B	41.85B
Operating Income	10.78B	16.93B	26.01B	29.58B	19.16B
Interest Expense, Total	-1.88B	-1.19B	-837M	-1.84B	-2.82B
Interest And Investment Income	151M	90.3M	240M	447M	262M
Net Interest Expenses	-1.73B	-1.1B	-597M	-1.39B	-2.56B
Currency Exchange Gains (Loss)	-35M	119M	583M	-	-
Other Non Operating Income (Expenses)	-40.1M	-68.2M	-127M	-58.7M	91.8M
EBT, Excl. Unusual Items	8.98B	15.88B	25.87B	28.13B	16.69B
Gain (Loss) On Sale Of Investments	93.8M	254M	70.6M	91M	229M
Gain (Loss) On Sale Of Assets	128M	3.9M	29M	60M	47.4M
Asset Writedown	-55.5M	-13.7M	-115M	-38.7M	-42.8M
EBT, Incl. Unusual Items	9.15B	16.13B	25.86B	28.24B	16.92B
Income Tax Expense	-12M	4.14B	6.97B	6.62B	3.57B
Earnings From Continuing Operations	9.16B	11.98B	18.89B	21.62B	13.36B
Earnings Of Discontinued Operations	1.03B	-3.1M	-	-	-
Net Income to Company	10.19B	11.98B	18.89B	21.62B	13.36B
Net Income - (IS)	10.19B	11.98B	18.89B	21.62B	13.36B
Net Income to Common Incl Extra Items	10.19B	11.98B	18.89B	21.62B	13.36B
Net Income to Common Excl. Extra Items	9.16B	11.98B	18.89B	21.62B	13.36B
Per Share Items
Net EPS - Basic	35.46	41.11	63.75	72.95	45.06
Basic EPS - Continuing Operations	31.87	41.12	63.75	72.95	45.06
Basic Weighted Average Shares Outstanding	287M	291M	296M	296M	296M
Net EPS - Diluted	35.46	41.11	63.75	72.95	45.06
Diluted EPS - Continuing Operations	31.87	41.12	63.75	72.95	45.06
Diluted Weighted Average Shares Outstanding	287M	291M	296M	296M	296M
Normalized Basic EPS	19.53	34.06	54.57	59.31	35.19
Normalized Diluted EPS	19.53	34.06	54.57	59.31	35.19
Dividend Per Share	2.8	4.8	7.15	7.2	7.2
Payout Ratio	7.88	11.75	11.21	9.87	16
Supplemental Items
EBITDA	14.47B	21.28B	30.9B	35.01B	25.52B
EBITA	10.83B	17.01B	26.05B	29.63B	19.21B
EBIT	10.78B	16.93B	26.01B	29.58B	19.16B
EBITDAR	14.62B	21.46B	31.2B	35.41B	25.94B
Total Revenues (As Reported)	72.58B	84.66B	125B	149B	132B
Effective Tax Rate - (Ratio)	-0.13	25.7	26.94	23.43	21.07
Total Current Taxes	1.04B	3.58B	6.58B	6.15B	2.66B
Total Deferred Taxes	-1.05B	564M	391M	468M	909M
Normalized Net Income	5.61B	9.93B	16.17B	17.58B	10.43B
Interest Capitalized	243M	131M	184M	535M	846M
Interest on Long-Term Debt	530M	318M	403M	698M	936M
Non-Cash Pension Expense	10.4M	11.3M	4.2M	10.2M	8.4M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	1.01B	970M	1.08B	1.22B	1.26B
Net Rental Expense, Total	148M	179M	304M	397M	418M
Imputed Operating Lease Interest Expense	63.76M	49.78M	69.59M	185M	258M
Imputed Operating Lease Depreciation	84.04M	129M	234M	211M	160M
Maintenance & Repair Expenses, Total	2.04B	2.05B	2.54B	2.84B	3.29B
Stock-Based Comp., SG&A Exp. (Total)	9.8M	9.6M	286M	87.6M	85.6M
Stock-Based Comp., Other (Total)	-	100K	-	-	-
Total Stock-Based Compensation	9.8M	9.7M	286M	87.6M	85.6M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.16B	1.38B	4.5B	6.08B	3.99B
Short Term Investments	7.7M	1.44B	200M	58.5M	181M
Trading Asset Securities, Total	1.98B	4.14B	3.2B	4.91B	4.06B
Total Cash And Short Term Investments	3.16B	6.96B	7.9B	11.05B	8.23B
Accounts Receivable, Total	8.91B	12.75B	17.92B	17.86B	19.43B
Other Receivables	3.7B	2.9B	2.88B	3.77B	3.06B
Notes Receivable	252M	112M	88M	110M	131M
Total Receivables	12.86B	15.76B	20.89B	21.74B	22.62B
Inventory	12.01B	14.66B	21.38B	22.74B	23.26B
Prepaid Expenses	102M	120M	172M	251M	314M
Other Current Assets, Total	931M	1.89B	2.19B	1.97B	2.06B
Total Current Assets	29.06B	39.39B	52.54B	57.75B	56.49B
Gross Property Plant And Equipment	91.48B	104B	124B	153B	175B
Accumulated Depreciation	-15.04B	-19.51B	-23.98B	-29.32B	-35.35B
Net Property Plant And Equipment	76.44B	84.86B	99.78B	123B	139B
Long-term Investments	41.6M	41.6M	345M	41.6M	1.21B
Goodwill	6.2M	6.2M	-	-	-
Other Intangibles, Total	1.16B	1.12B	1.19B	1.15B	1.2B
Loans Receivable Long-Term	439M	464M	147M	448M	500M
Deferred Tax Assets Long-Term	143M	181M	116M	186M	276M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.47B	3.23B	3.65B	4.57B	5.87B
Total Assets	109B	129B	158B	188B	205B
Liabilities
Accounts Payable, Total	11.12B	15.85B	20.96B	22.31B	21.98B
Accrued Expenses, Total	1.09B	571M	844M	655M	782M
Short-term Borrowings	9.55B	9.66B	10.42B	15.51B	16.85B
Current Portion of Long-Term Debt	7.81B	4.6B	7.44B	4.91B	9.84B
Current Portion of Leases	137M	138M	207M	259M	275M
Current Income Taxes Payable	97.5M	125M	142M	146M	166M
Unearned Revenue Current, Total	127M	184M	301M	476M	386M
Other Current Liabilities	3.15B	4.58B	4.09B	4.89B	4.53B
Total Current Liabilities	33.08B	35.71B	44.4B	49.17B	54.81B
Long-Term Debt	23.13B	19.66B	17.53B	23.12B	22.51B
Long-Term Leases	740M	638M	952M	976M	828M
Unearned Revenue Non Current	140M	428M	396M	723M	1.77B
Pension & Other Post Retirement Benefits	31M	41.4M	53.3M	71.4M	86.9M
Deferred Tax Liability Non Current	1.76B	3.86B	6.77B	8.09B	9.39B
Other Non Current Liabilities	559M	394M	2B	2.13B	635M
Total Liabilities	59.43B	60.73B	72.11B	84.27B	90.03B
Common Stock, Total	575M	592M	2.96B	2.96B	2.96B
Additional Paid In Capital	-	7.36B	5.1B	5.1B	5.1B
Retained Earnings	46.91B	57.62B	74.35B	94.38B	106B
Comprehensive Income and Other	1.84B	2.98B	3.25B	828M	1.17B
Total Common Equity	49.33B	68.56B	85.65B	103B	115B
Total Equity	49.33B	68.56B	85.65B	103B	115B
Total Liabilities And Equity	109B	129B	158B	188B	205B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	287M	296M	296M	296M	296M
ECS Total Common Shares Outstanding	287M	296M	296M	296M	296M
Book Value / Share	171.65	231.46	288.96	348.39	387.25
Tangible Book Value	48.16B	67.43B	84.46B	102B	114B
Tangible Book Value Per Share	167.58	227.64	284.93	344.52	383.22
Total Debt	41.37B	34.69B	36.55B	44.78B	50.31B
Net Debt	38.21B	27.73B	28.65B	33.73B	42.08B
Debt Equivalent of Unfunded Proj. Benefit Obligation	198M	86.6M	169M	155M	127M
Debt Equivalent Oper. Leases	1.18B	1.43B	2.43B	3.17B	3.34B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	5.13B	6.83B	10.58B	11.03B	10.68B
Inventories - Work In Process, Total	1.56B	1.76B	2.37B	2.4B	2.69B
Inventories - Finished Goods, Total	2.88B	3.43B	5.63B	5.72B	6.16B
Inventories - Others	2.44B	2.63B	2.8B	3.6B	3.73B
Land - (BS)	3.83B	3.87B	3.99B	4.18B	4.19B
Buildings, Total	8.36B	12.14B	13.18B	15.01B	16.97B
Machinery, Total	62.17B	77.18B	85.84B	105B	140B
Full Time Employees	6.68K	6.39K	6.67K	7.17K	7.37K
Accumulated Allowance for Doubtful Accounts (Supple)	36.1M	50.3M	34.5M	53M	75.6M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	10.19B	11.98B	18.89B	21.62B	13.36B
Depreciation & Amortization - CF	3.81B	4.45B	5.09B	5.66B	6.63B
Amortization of Goodwill and Intangible Assets - (CF)	44.2M	82.4M	42.6M	49.4M	49.5M
Depreciation & Amortization, Total	3.86B	4.53B	5.13B	5.71B	6.68B
Amortization of Deferred Charges, Total - (CF)	30.6M	-	39M	41M	43.8M
(Gain) Loss From Sale Of Asset	-128M	-59.9M	-29M	-60M	-47.4M
(Gain) Loss on Sale of Investments - (CF)	-93.8M	-254M	-70.6M	-91M	-229M
Asset Writedown & Restructuring Costs	746M	34M	188M	38.7M	120M
Stock-Based Compensation (CF)	9.7M	9.7M	111M	84.1M	85.4M
Provision and Write-off of Bad Debts	21.8M	119M	9.5M	25.6M	42.2M
Net Cash From Discontinued Operations	-736M	-27.3M	-	-	-
Other Operating Activities, Total	-613M	2.62B	3.43B	2.25B	2.03B
Change In Accounts Receivable	1.41B	-4B	-5.07B	-21.5M	-1.69B
Change In Inventories	52.6M	-2.6B	-6.66B	-1.31B	-742M
Change In Accounts Payable	-2.72B	4.8B	5.1B	1.22B	-142M
Change in Other Net Operating Assets	1.02B	561M	-17.6M	-496M	1.43B
Cash from Operations	13.04B	17.72B	21.06B	29.02B	20.94B
Capital Expenditure	-13.89B	-12.14B	-18.32B	-28.38B	-22.17B
Sale of Property, Plant, and Equipment	162M	96.6M	150M	139M	152M
Cash Acquisitions	-	-	-99.6M	-	-
Divestitures	3.16B	-	-	-	-
Investment in Marketable and Equity Securities, Total	-927M	-1.89B	1.03B	-1.64B	-488M
Other Investing Activities, Total	-305M	-1.06B	1.36B	271M	232M
Cash from Investing	-11.8B	-15B	-15.88B	-29.61B	-22.27B
Short Term Debt Issued, Total	-	148M	850M	4.86B	349M
Long-Term Debt Issued, Total	12.78B	13.05B	5.33B	9.32B	10.03B
Total Debt Issued	12.78B	13.2B	6.18B	14.19B	10.38B
Short Term Debt Repaid, Total	-2B	-	-	-	-
Long-Term Debt Repaid, Total	-9.76B	-20.11B	-4.97B	-7.91B	-5.34B
Total Debt Repaid	-11.76B	-20.11B	-4.97B	-7.91B	-5.34B
Issuance of Common Stock	-	7.5B	2M	-	-
Common Dividends Paid	-803M	-1.41B	-2.12B	-2.13B	-2.14B
Common & Preferred Stock Dividends Paid	-803M	-1.41B	-2.12B	-2.13B	-2.14B
Other Financing Activities, Total	-2.2B	-1.69B	-1.17B	-1.94B	-3.61B
Cash from Financing	-1.99B	-2.51B	-2.07B	2.2B	-717M
Foreign Exchange Rate Adjustments	17.7M	9.6M	14.9M	-23.8M	-34.8M
Net Change in Cash	-731M	218M	3.12B	1.58B	-2.09B
Supplemental Items
Cash Interest Paid	2.04B	1.57B	1.17B	1.94B	3.61B
Cash Income Tax Paid (Refund)	2B	2.55B	4.02B	5.08B	3.83B
Levered Free Cash Flow	-2.25B	1.45B	-4.32B	-5.15B	-7.47B
Unlevered Free Cash Flow	-1.08B	2.19B	-3.8B	-4B	-5.71B
Change In Net Working Capital	-2.18B	788M	7.19B	-53.6M	2.33B
Net Debt Issued / Repaid	1.02B	-6.91B	1.22B	6.27B	5.03B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.49	8.89	11.33	10.71	6.1
Return on Total Capital	7.96	10.91	14.42	13.68	7.65
Return On Equity %	20.21	20.33	24.5	22.89	12.25
Return on Common Equity	20.21	20.33	24.5	22.89	12.25
Margin Analysis
Gross Profit Margin %	46.03	49.71	49.16	48.37	46.43
SG&A Margin	7.72	7.61	6.52	5.74	7.43
EBITDA Margin %	20.07	25.33	24.85	23.55	19.42
EBITA Margin %	15.02	20.25	20.95	19.92	14.62
EBIT Margin %	14.96	20.16	20.92	19.89	14.58
Income From Continuing Operations Margin %	12.7	14.26	15.19	14.54	10.17
Net Income Margin %	14.14	14.26	15.19	14.54	10.17
Net Avail. For Common Margin %	12.7	14.26	15.19	14.54	10.17
Normalized Net Income Margin	7.79	11.82	13	11.82	7.94
Levered Free Cash Flow Margin	-3.12	1.72	-3.47	-3.46	-5.69
Unlevered Free Cash Flow Margin	-1.5	2.61	-3.05	-2.69	-4.35
Asset Turnover
Asset Turnover	0.69	0.71	0.87	0.86	0.67
Fixed Assets Turnover	1.04	1.04	1.35	1.33	1
Receivables Turnover (Average Receivables)	7.41	7.76	8.11	8.31	7.05
Inventory Turnover (Average Inventory)	3.21	3.17	3.51	3.48	3.06
Short Term Liquidity
Current Ratio	0.88	1.1	1.18	1.17	1.03
Quick Ratio	0.48	0.63	0.65	0.66	0.56
Operating Cash Flow to Current Liabilities	0.39	0.5	0.47	0.59	0.38
Days Sales Outstanding (Average Receivables)	49.38	47.05	45.02	43.91	51.93
Days Outstanding Inventory (Average Inventory)	114.11	115.23	104.07	104.9	119.63
Average Days Payable Outstanding	118.02	109.65	96.07	101.09	114.32
Cash Conversion Cycle (Average Days)	45.46	52.63	53.01	47.73	57.24
Long Term Solvency
Total Debt/Equity	83.86	50.6	42.67	43.36	43.82
Total Debt / Total Capital