SRF Share Price Target: What the Valuation Says After the Fall From the 52-Week High and Why Brokerages Stay Cautious
- October 23, 2026
- Posted by: Harsh Piplani
- Category: News
SRF share price target is a question many investors ask after the stock traded at Rs 2,302 at about 2:30 PM on 23 Oct 2026, down 1.23%. The price is about 28% below its 52-week high of Rs 3,207.40 and only about 5.7% above the low of Rs 2,178.30 set this week (my calculation). The P/E is about 30 times against an industry multiple of about 34.
Quick Answer
SRF share price target is not published by the company, and I could not verify a current numeric target from any of the brokerages that cover the stock. Equentis reported on 22 Oct that Jefferies, Morgan Stanley and UBS remain cautious on SRF after the Q2 FY27 results, but it gave no price levels. A simple valuation check shows the stock at about 30 times trailing earnings, so any target depends on how fast earnings recover. This is educational and not a recommendation to buy or sell.
SRF share price target searches rise whenever a quality stock falls hard, because investors want a number to anchor on. A number taken from an old report can mislead, so this article builds the picture from verified market data instead.
This article on the SRF share price target covers today’s price action, the valuation, the 52-week range, the Q2 FY27 numbers, how brokerages see the stock and what could change the outlook. It is educational and not a recommendation to buy or sell.
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SRF Share Price Target: Price Action Today
| SRF share price target: market point | Level on 23 Oct 2026 (about 2:30 PM, NSE) |
|---|---|
| Previous close | Rs 2,330.60 |
| Day high | Rs 2,392.20 |
| Day low | Rs 2,299.00 |
| Last traded price | Rs 2,302.00, down 1.23% |
| Day range (my calculation) | About 4.0% between low and high |
| Market cap | About Rs 69,274 crore |
The stock opened firm and sold off through the day, and the SRF share price target debate has to start from that weak close to the session low. The day high of Rs 2,392.20 is about 3.9% above the last price, which shows how much of the early move was given up (my calculation).
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The 52-Week Range and the SRF Share Price Target
| SRF share price target: reference level | Level | Gap from Rs 2,302 (my calculation) |
|---|---|---|
| 52-week high (week of 20 Oct 2025) | Rs 3,207.40 | Stock is about 28.2% below it; a rise of about 39.3% is needed to reach it |
| Weekly close one year ago | Rs 3,082.00 | Stock is down about 25.3% over the year |
| Low this week (week of 19 Oct 2026) | Rs 2,178.30 | Stock is about 5.7% above it |
| Day low today | Rs 2,299.00 | Stock is only 0.1% above it |
Any SRF share price target in the market has to be read against this range. A target near the old high would mean a gain of close to 40%, which needs a sharp recovery in earnings. A target near the recent low is a risk level and not a forecast, since the stock has already tested that zone this week. Reading the SRF share price target against the yearly range keeps expectations grounded.
SRF Valuation: What the Numbers Say
| SRF share price target: valuation measure | Figure |
|---|---|
| Trailing earnings per share | Rs 77.01 |
| P/E at Rs 2,302 (my calculation) | About 29.9 times |
| Industry P/E | 33.92 times |
| Book value per share | Rs 516.26 |
| Price to book at Rs 2,302 (my calculation) | About 4.5 times |
| Return on equity | 14.92% |
| Debt to equity | 0.35 |
| Dividend yield | 0.39% |
At about 29.9 times trailing earnings SRF trades at a small discount to the industry P/E of 33.92, and that is rare for a company with a long record in specialty chemicals. A return on equity of 14.92% is decent but not exceptional, so the market is paying for a recovery and not for current returns. The SRF share price target that makes sense to you depends on whether you believe that recovery, and on how much patience you have if it takes several quarters.
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Data note: Valuation figures use data provider numbers and my own division at the 2:30 PM price. They change with every tick and with each new quarterly result.
Illustrative Price at Different P/E Multiples
| SRF share price target: P/E scenario (illustration only) | Price on trailing EPS of Rs 77.01 (my calculation) |
|---|---|
| 25 times | About Rs 1,925 |
| 30 times | About Rs 2,310 |
| 35 times | About Rs 2,695 |
| 40 times | About Rs 3,080 |
This table is arithmetic and not a forecast. It shows that the current price already sits at about 30 times, and that a return to the Rs 3,000 zone needs either a multiple near 40 times or a strong rise in earnings per share. When someone quotes an SRF share price target, you can test it by asking which multiple and which earnings figure sit behind it.
Q2 FY27 Results Behind the SRF Share Price Target
| SRF share price target: Q2 FY27 metric | Figure |
|---|---|
| Consolidated revenue | Rs 4,904.2 crore, up 34.7% from a year earlier |
| Consolidated net profit | Rs 509.12 crore, down 32.9% from the previous quarter |
| Annualised net profit (Q2 times four, my calculation) | About Rs 2,036 crore |
| Market cap on annualised Q2 profit (my calculation) | About 34 times |
| Planned investment | Rs 600 crore aluminium foil plant |
Revenue grew strongly, but profit fell from the previous quarter, which is the pain point behind the market’s reaction and behind every SRF share price target revision. If you annualise the Q2 profit, the market cap works out to about 34 times, so the stock is not as undervalued as the trailing P/E suggests. A recovery in chemical margins is the main thing that would make the SRF share price target debate more positive.
How Brokerages View the SRF Share Price Target
Equentis reported on 22 Oct that Jefferies, Morgan Stanley and UBS remain cautious on SRF after the Q2 FY27 results and that the stock touched a 52-week low. I could not find current price targets from these brokerages in sources I could verify, so any SRF share price target you see quoted should be checked for its date. Older articles that quote targets from February 2025 are outdated, and I have not used them.
| SRF share price target: how to treat a brokerage target | What to check |
|---|---|
| Date of the report | A target older than the latest results may not reflect the new margin trend |
| Valuation method | Whether it uses a P/E multiple, a sum of parts or a discounted cash flow |
| Earnings estimate | The profit figure that the multiple is applied to |
| Rating | Buy, hold or sell, and whether it changed after Q2 |
Risks and Triggers for the SRF Share Price Target
- Chemical margins. The specialty chemicals and refrigerant businesses drive profit, and weak pricing hurts earnings quickly.
- Packaging films cycle. Global oversupply in films can limit margin gains even when volumes rise.
- Execution on new plants. Projects such as the Rs 600 crore foil plant take time to add to earnings.
- Valuation. A P/E near 30 times and about 34 times on annualised Q2 profit leaves limited room for a miss.
- Upside triggers. A recovery in chemical margins, higher agrochemical demand or a strong Q3 FY27 result could change the tone.
SRF Share Price Target: Investor Views
| SRF share price target: investor type (my reading) | Points to weigh |
|---|---|
| Long-term investor | A diversified chemicals group with moderate debt can suit a multi-year view, but earnings need to recover for the valuation to hold |
| Short-term trader | The stock needs to hold Rs 2,178.30 and reclaim Rs 2,392.20 before the downtrend looks over |
| Cautious investor | Waiting for the Q3 FY27 results gives more evidence than any single SRF share price target |
This is an educational view and not advice. A 25% fall in a year can be a chance for some and a warning for others, so match any decision to your own horizon.
What to Watch Next on the SRF Share Price Target
- The closing price against Rs 2,178.30 and Rs 2,392.20
- Updated brokerage targets and rating changes after the Q2 FY27 results
- Chemical segment margins in the next quarter
- Management commentary on refrigerant gas and agrochemical demand
- Progress on the Rs 600 crore foil plant
Conclusion
SRF share price target depends on a recovery in earnings, because the stock at Rs 2,302 already trades near 30 times trailing profit and about 34 times annualised Q2 profit. It is about 28% below its 52-week high, and brokerages remain cautious. Read the quarterly filings and decide on your own horizon.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the SRF share price target?
Ans. SRF does not publish a target, and I could not verify a current numeric target from Jefferies, Morgan Stanley or UBS. Equentis reported on 22 Oct that these brokerages remain cautious, so check the latest research reports for exact figures.
What is the SRF share price today?
Ans. SRF traded at Rs 2,302 at about 2:30 PM on 23 Oct 2026, down 1.23% from the previous close of Rs 2,330.60. The day range was Rs 2,299 to Rs 2,392.20.
How far is SRF from its 52-week high?
Ans. The 52-week high is Rs 3,207.40, set in the week of 20 Oct 2025. At Rs 2,302 the stock is about 28.2% below it, and it would need to rise about 39.3% to reach it by my calculation.
Is SRF expensive at the current price?
Ans. The P/E is about 29.9 times against an industry P/E of 33.92, and the price to book is about 4.5 times. On annualised Q2 profit the market cap is about 34 times, so the stock is not clearly undervalued.
What were SRF’s Q2 FY27 results?
Ans. Consolidated revenue was Rs 4,904.2 crore, up 34.7% from a year earlier, and net profit was Rs 509.12 crore, down 32.9% from the previous quarter. Weak chemical margins were the main concern.
What are the risks to the SRF share price?
Ans. Risks include weak chemical margins, the packaging films cycle, execution on new plants and a valuation that leaves limited room for a miss. Check each against company filings.
What should investors watch next for SRF?
Ans. Watch the closing price against Rs 2,178.30 and Rs 2,392.20, brokerage rating changes, chemical margins and the Q3 FY27 results. This is educational and not investment advice.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
