SRF Limited (SRF) - Net Assets

Latest as of September 2025: Rs132.64 Billion INR ≈ $1.43 Billion USD

Based on the latest financial reports, SRF Limited (SRF) has net assets worth Rs132.64 Billion INR (≈ $1.43 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs222.61 Billion ≈ $2.41 Billion USD) and total liabilities (Rs89.98 Billion ≈ $973.08 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SRF Limited (SRF) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs132.64 Billion
% of Total Assets	59.58%
Annual Growth Rate	18.12%
5-Year Change	84.15%
10-Year Change	372.99%
Growth Volatility	11.56

SRF Limited - Net Assets Trend (2005–2025)

This chart illustrates how SRF Limited's net assets have evolved over time, based on quarterly financial data. Also explore SRF total assets for the complete picture of this company's asset base.

Annual Net Assets for SRF Limited (2005–2025)

The table below shows the annual net assets of SRF Limited from 2005 to 2025. For live valuation and market cap data, see market cap of SRF Limited.

Year	Net Assets	Change
2025-03-31	Rs126.26 Billion ≈ $1.37 Billion	+9.99%
2024-03-31	Rs114.79 Billion ≈ $1.24 Billion	+11.15%
2023-03-31	Rs103.27 Billion ≈ $1.12 Billion	+20.57%
2022-03-31	Rs85.65 Billion ≈ $926.31 Million	+24.92%
2021-03-31	Rs68.56 Billion ≈ $741.50 Million	+38.98%
2020-03-31	Rs49.33 Billion ≈ $533.52 Million	+19.47%
2019-03-31	Rs41.29 Billion ≈ $446.56 Million	+15.84%
2018-03-31	Rs35.65 Billion ≈ $385.49 Million	+12.00%
2017-03-31	Rs31.83 Billion ≈ $344.19 Million	+19.23%
2016-03-31	Rs26.69 Billion ≈ $288.69 Million	+16.25%
2015-03-31	Rs22.96 Billion ≈ $248.34 Million	+11.11%
2014-03-31	Rs20.67 Billion ≈ $223.50 Million	+4.96%
2013-03-31	Rs19.69 Billion ≈ $212.93 Million	+6.34%
2012-03-31	Rs18.52 Billion ≈ $200.24 Million	+9.04%
2011-03-31	Rs16.98 Billion ≈ $183.63 Million	+33.29%
2010-03-31	Rs12.74 Billion ≈ $137.76 Million	+30.62%
2009-03-31	Rs9.75 Billion ≈ $105.47 Million	+5.13%
2008-03-31	Rs9.28 Billion ≈ $100.32 Million	+11.12%
2007-03-31	Rs8.35 Billion ≈ $90.28 Million	+48.86%
2006-03-31	Rs5.61 Billion ≈ $60.65 Million	+24.10%
2005-03-31	Rs4.52 Billion ≈ $48.87 Million	--

Equity Component Analysis

This analysis shows how different components contribute to SRF Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 46005.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs108.81 Billion	86.18%
Common Stock	Rs2.96 Billion	2.35%
Other Comprehensive Income	Rs9.37 Billion	7.42%
Other Components	Rs5.11 Billion	4.05%
Total Equity	Rs126.26 Billion	100.00%

SRF Limited Competitors by Market Cap

The table below lists competitors of SRF Limited ranked by their market capitalization.

Company	Market Cap
Sichuan Kelun Pharmaceutical Co Ltd SHE:002422	$8.08 Billion
Unity Software Inc NYSE:U	$8.09 Billion
Cullen/Frost Bankers Inc NYSE:CFR	$8.09 Billion
Hoa Phat Group JSC VN:HPG	$8.09 Billion
Terawulf Inc NASDAQ:WULF	$8.07 Billion
Shoprite Holdings Ltd JSE:SHP	$8.07 Billion
Semtech Corporation NASDAQ:SMTC	$8.06 Billion
Watts Water Technologies Inc NYSE:WTS	$8.05 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in SRF Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 114,790,200,000 to 126,262,000,000, a change of 11,471,800,000 (10.0%).
Net income of 12,507,800,000 contributed positively to equity growth.
Dividend payments of 2,131,800,000 reduced retained earnings.
Other comprehensive income increased equity by 1,099,600,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs12.51 Billion	+9.91%
Dividends Paid	Rs2.13 Billion	-1.69%
Other Comprehensive Income	Rs1.10 Billion	+0.87%
Other Changes	Rs-3.80 Million	-0.0%
Total Change	Rs-	9.99%

Book Value vs Market Value Analysis

This analysis compares SRF Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 5.91x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 179.82x to 5.91x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs14.01	Rs2518.60	x
2006-03-31	Rs17.38	Rs2518.60	x
2007-03-31	Rs25.27	Rs2518.60	x
2008-03-31	Rs27.33	Rs2518.60	x
2009-03-31	Rs30.80	Rs2518.60	x
2010-03-31	Rs42.11	Rs2518.60	x
2011-03-31	Rs56.13	Rs2518.60	x
2012-03-31	Rs62.66	Rs2518.60	x
2013-03-31	Rs68.58	Rs2518.60	x
2014-03-31	Rs71.98	Rs2518.60	x
2015-03-31	Rs79.98	Rs2518.60	x
2016-03-31	Rs92.98	Rs2518.60	x
2017-03-31	Rs110.85	Rs2518.60	x
2018-03-31	Rs124.16	Rs2518.60	x
2019-03-31	Rs143.73	Rs2518.60	x
2020-03-31	Rs171.65	Rs2518.60	x
2021-03-31	Rs232.21	Rs2518.60	x
2022-03-31	Rs289.07	Rs2518.60	x
2023-03-31	Rs348.39	Rs2518.60	x
2024-03-31	Rs387.25	Rs2518.60	x
2025-03-31	Rs425.95	Rs2518.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently SRF Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.91%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.51%
• Asset Turnover: 0.68x
• Equity Multiplier: 1.71x
Recent ROE (9.91%) is below the historical average (17.46%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	13.14%	5.16%	0.90x	2.83x	Rs141.70 Million
2006	18.31%	7.45%	0.89x	2.77x	Rs465.85 Million
2007	34.54%	15.28%	1.09x	2.08x	Rs2.05 Billion
2008	14.52%	8.00%	0.87x	2.08x	Rs418.90 Million
2009	14.34%	6.91%	0.79x	2.63x	Rs422.82 Million
2010	25.47%	12.98%	0.82x	2.39x	Rs1.97 Billion
2011	28.52%	14.28%	0.95x	2.10x	Rs3.14 Billion
2012	20.46%	9.52%	1.00x	2.15x	Rs1.94 Billion
2013	12.85%	6.71%	0.82x	2.33x	Rs560.59 Million
2014	7.86%	4.07%	0.72x	2.67x	Rs-442.07 Million
2015	13.19%	6.72%	0.76x	2.59x	Rs731.76 Million
2016	16.10%	9.36%	0.70x	2.45x	Rs1.63 Billion
2017	16.18%	10.68%	0.67x	2.26x	Rs1.97 Billion
2018	12.95%	8.26%	0.67x	2.35x	Rs1.05 Billion
2019	15.54%	9.04%	0.72x	2.39x	Rs2.29 Billion
2020	20.66%	14.14%	0.66x	2.20x	Rs5.26 Billion
2021	17.47%	14.26%	0.65x	1.89x	Rs5.12 Billion
2022	22.05%	15.19%	0.79x	1.84x	Rs10.32 Billion
2023	20.94%	14.54%	0.79x	1.82x	Rs11.30 Billion
2024	11.64%	10.17%	0.64x	1.78x	Rs1.88 Billion
2025	9.91%	8.51%	0.68x	1.71x	Rs-118.40 Million

Industry Comparison

This section compares SRF Limited's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $29,917,536,033
Average return on equity (ROE) among peers: 8.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
SRF Limited (SRF)	Rs132.64 Billion	13.14%	0.68x	$8.07 Billion
Balmer Lawrie & Company Limited (BALMLAWRIE)	$9.81 Billion	15.86%	0.91x	$347.66 Million
BEML Limited (BEML)	$22.14 Billion	3.11%	1.59x	$1.63 Billion
Carborundum Universal Limited (CARBORUNIV)	$36.76 Billion	7.96%	0.26x	$1.96 Billion
Career Point Limited (CAREERP)	$3.26 Billion	9.25%	0.21x	$39.37 Million
Cyient Limited (CYIENT)	$13.23 Billion	17.47%	0.22x	$1.04 Billion
DCM Shriram Limited (DCMSHRIRAM)	$16.88 Billion	12.49%	1.88x	$2.06 Billion
Excel Realty N Infra Limited (EXCEL)	$1.71 Billion	-1.59%	0.03x	$14.49 Million
Godrej Industries Limited (GODREJIND)	$151.19 Billion	0.40%	3.07x	$3.49 Billion
Hindustan Foods Limited (HNDFDS)	$6.46 Billion	14.40%	1.98x	$636.97 Million
Jain Irrigation Systems Limited (JISLDVREQS)	$37.74 Billion	8.61%	2.34x	$4.97 Million

About SRF Limited

NSE:SRF India Conglomerates

Market Cap

$8.07 Billion

Rs746.58 Billion INR

Market Cap Rank

#2603 Global

#110 in India

Share Price

Rs2518.60

Change (1 day)

-0.98%

52-Week Range

Rs2391.50 - Rs3286.50

All Time High

Rs3286.50