SRF Share Price Target 2027: 18.5% Upside to Rs 2,912, Bull Case Rs 3,520
- November 6, 2026
- Posted by: Kunal Singla
- Category: Market
SRF share price Rs 2,458.00 (6 November 2026). Base target Rs 2,912, bull Rs 3,520, downside risk Rs 1,988. PE 32.26. 52W range Rs 2,178.30 to Rs 3,143.00.
Quick Answer
The SRF share price target for 2027 is Rs 2,912, about 18.5% above the current price of Rs 2,458.00. The bull case is Rs 3,520, and the downside risk level, which is not a target, is Rs 1,988. The base case assumes earnings per share grow 17.2% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 32.26. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a SRF target price for 2027 should start with where the stock sits today. At Rs 2,458.00 on 6 November 2026, it is 21.8% below its 52-week high of Rs 3,143.00 and 12.8% above its 52-week low of Rs 2,178.30. That range spans 44% from low to high, so the entry point matters as much as the SRF price forecast itself.
This article builds the SRF share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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SRF Stock Analysis: Company Overview and Key Stats
SRF (NSE: SRF) has a market capitalisation of Rs 73,632 crore. In FY26 it reported revenue of Rs 15,894 crore and net profit of Rs 1,835 crore. The table collects the figures the SRF share price target is built on.
| Metric | Value |
|---|---|
| Company | SRF |
| NSE Ticker | SRF |
| CMP (6 November 2026) | Rs 2,458.00 |
| 52-Week High | Rs 3,143.00 |
| 52-Week Low | Rs 2,178.30 |
| Market Cap | Rs 73,632 crore |
| PE Ratio (TTM) | 32.26 |
| Industry PE | 33.07 |
| Price to Book | 4.81 |
| Return on Equity | 14.92% |
| Debt to Equity | 0.35 |
| EPS (TTM) | Rs 77.01 |
| Dividend Yield | 0.36% |
| 12-Month Base Target | Rs 2,912 |
| Bull Case | Rs 3,520 |
| Downside Risk Level (not a target) | Rs 1,988 |
Why Is SRF Share Price Target Set at Rs 2,912 for 2027?
The arithmetic is short. Trailing EPS of Rs 77.01 grown for one year gives a forward EPS estimate of Rs 90.27, and multiplying it by the unchanged PE of 32.26 gives the Rs 2,912 base-case SRF stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the SRF Target Price: Five Years of Results
SRF grew revenue from Rs 12,549 crore in FY22 to Rs 15,894 crore in FY26, a compound annual growth rate of 6.1%. Net profit grew more slowly, from Rs 1,889 crore to Rs 1,835 crore (-0.7% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 12,549.17 | 1,888.92 | 63.75 | 16.75 |
| FY23 | 14,945.18 | 2,162.34 | 72.95 | 7.20 |
| FY24 | 13,221.54 | 1,335.71 | 45.06 | 7.20 |
| FY25 | 14,825.79 | 1,250.78 | 42.20 | 7.20 |
| FY26 | 15,893.57 | 1,835.18 | 61.91 | 9.00 |
FY26 revenue growth was 7.2%, close to the four-year average of 6.1%, and net profit moved up 46.7%. EPS rose from Rs 45.06 in FY24 to Rs 61.91 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
SRF converted 11.5% of FY26 revenue into net profit, against 8.4% in FY25, within a five-year range of 8.4% to 15.1%. EBITDA margin was 21.6% in FY26 versus 19.2% in FY25.
In the September 2026 quarter, revenue was Rs 4,929 crore, up 34.5% from the same quarter a year earlier, while net profit of Rs 509.12 crore was up 31.2%. EBITDA came in at Rs 970.82 crore, up 21.4% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.35, and shareholders’ equity grew from Rs 8,565 crore in FY22 to Rs 14,043 crore in FY26. Operating cash flow in FY26 was Rs 2,554 crore against capital expenditure of Rs 1,815 crore, leaving free cash flow of Rs 738.25 crore, or 1.0% of the current market capitalisation. In FY25 free cash flow was Rs 1,256 crore.
Valuation Check for the SRF Stock Target: PE, Price to Book and ROE
At a PE of 32.26 against an industry PE of 33.07, SRF trades in line with its industry. Price to book is 4.81 on a book value of Rs 516.26 per share, and return on equity is 14.92%. A PE of 32.26 equals an earnings yield of 3.1%, and the FY26 dividend of Rs 9.00 per share gives a yield of 0.36%.
Shareholding Pattern and Institutional Holding
Promoters held 50.26% of SRF in September 2026, and promoter holding has stayed near 50.26% since September 2025. Foreign institutional investors (FII) held 15.20% and domestic institutions (DII) held 22.51%, which puts total institutional holding at 37.71%. FII holding fell from 17.98% in September 2025 to 15.20% in September 2026. Public shareholders own the remaining 12.03%. A meaningful institutional holding adds a layer of research coverage and trading depth.
SRF Share Price Targets for the Short Term and 12 Months
Short Term SRF Stock Target Levels: Technical Setup
At Rs 2,458.00 on 6 November 2026, SRF trades below its 50-day simple moving average of Rs 2,480.28 and below its 200-day exponential moving average of Rs 2,623.35. The 14-day RSI reads 48.6, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 2,480.28 (50-day simple moving average) and the nearest support is Rs 2,178.30 (52-week low). A sustained move above Rs 2,480.28 would improve the short-term setup, while a close below Rs 2,178.30 would shift attention to the next support.
12 Month SRF Target Price for 2027
The 12-month target of Rs 2,912 means a move of 18.5% up from Rs 2,458.00 over the next 12 months. It would still leave the stock 7.3% below its 52-week high of Rs 3,143.00.
How EPS Growth and PE Multiple Change the SRF Target Price
| EPS Growth | PE 25.81 | PE 32.26 | PE 37.10 |
|---|---|---|---|
| 0.0% (EPS Rs 77.01) | Rs 1,988 | Rs 2,484 | Rs 2,857 |
| 17.2% (EPS Rs 90.27) | Rs 2,330 | Rs 2,912 | Rs 3,349 |
| 23.2% (EPS Rs 94.89) | Rs 2,449 | Rs 3,061 | Rs 3,520 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the SRF price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for SRF Stock Target in 2027
Bull Case Rs 3,520
The bull case SRF price target needs EPS growth of 23.2%, which lifts forward EPS to Rs 94.89, and a PE multiple that rises 15% to 37.10. That gives Rs 3,520, 43.2% above the current price and above the 52-week high of Rs 3,143.00, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 1,988
The downside risk level is not a target. It assumes EPS stays flat at Rs 77.01 and the PE falls 20% to 25.81. That gives Rs 1,988, 19.1% below the current price and below the 52-week low of Rs 2,178.30.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 23.2% | 37.10 | Rs 3,520 | +43.2% |
| Base Case | 17.2% | 32.26 | Rs 2,912 | +18.5% |
| Downside Risk | 0.0% | 25.81 | Rs 1,988 | -19.1% |
Key Risks to the SRF Target Price for 2027
Growth Slowdown Risk for the SRF Price Target
Revenue in the September 2026 quarter was up 34.5% year on year, and FY26 revenue growth was 7.2%. If growth slows from here, the EPS estimate behind the SRF stock target will need revising.
Liquidity and Size Risk
SRF has a market capitalisation of Rs 73,632 crore. Institutional holding is 37.71%, and promoters hold 50.26%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 11.5% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 32.26 versus an industry PE of 33.07, a de-rating toward the downside-risk PE of 25.81 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 48.6 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.
How to Invest in SRF
Start with the live price and volume. Any SRF share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 2,458.00 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check SRF’s PE, ROE, debt and shareholding in one place.
Check SRF fundamentals on the Univest Screener
Then compare the three SRF target price scenarios with your own view. If you expect EPS growth below 17.2%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track SRF live price and get daily stock recommendations.
Conclusion
The SRF share price target for 2027 is Rs 2,912 in the base case, with Rs 3,520 as the bull case. The support for that view is arithmetic you can check: EPS grew 17.2% a year over FY24 to FY26, and the stock trades at a PE of 32.26. The risks are equally concrete, including a valuation that can de-rate even when earnings hold and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on SRF Share Price Target 2027
What is the SRF share price target for 2027?
Ans. The base-case SRF share price target for 2027 is Rs 2,912, which is 18.5% above the price of Rs 2,458.00 on 6 November 2026. The bull case is Rs 3,520 and the downside risk level, which is not a target, is Rs 1,988. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the SRF share price today?
Ans. As of 6 November 2026, 9:49 AM IST, SRF (NSE: SRF) trades at Rs 2,458.00, down 1.09% on the day. That is 21.8% below the 52-week high of Rs 3,143.00 and 12.8% above the 52-week low of Rs 2,178.30. The market capitalisation of Rs 73,632 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is SRF a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 17.2% a year over FY24 to FY26 and the base case implies 18.5% upside; on the cautious side, the valuation can de-rate even when earnings hold, and the downside risk level of Rs 1,988 is 19% below the current price. Whether SRF fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for SRF shares?
Ans. The bull case in the SRF share price target for 2027 is Rs 3,520, which assumes 23.2% EPS growth and a PE of 37.10, a 15% re-rating from today’s multiple. That is 43.2% above the current price and above the 52-week high of Rs 3,143.00, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 1,988, which assumes flat EPS and a PE of 25.81, 20% lower than today. It sits 19.1% below the current price and below the 52-week low of Rs 2,178.30, and it marks a risk to watch, not a target.
What are the main risks to the SRF price target?
Ans. Four risks matter most for the SRF share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 73,632 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 25.81 would cut the price even if earnings hold.
What is the PE ratio of SRF and how does it compare with the industry?
Ans. The PE ratio of SRF is 32.26, against an industry PE of 33.07, which is a level close to the industry. Price to book is 4.81 and return on equity is 14.92%, and the PE equals an earnings yield of 3.1%. The base case holds the PE unchanged, so the SRF share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns SRF, and what is the promoter holding?
Ans. Promoters held 50.26% of SRF in September 2026. FII held 15.20%, DII held 22.51% and the public held 12.03%. Together the two institutional groups hold 37.71%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were SRF’s latest quarterly results?
Ans. In the September 2026 quarter, SRF reported revenue of Rs 4,929 crore (up 34.5% year on year) and net profit of Rs 509.12 crore (up 31.2%). For comparison, FY26 full-year revenue growth was 7.2% and net profit moved up 46.7%. Each new quarter either supports or weakens the EPS growth of 17.2% assumed in the base case.
