SRF's Dahej Plant Reflects Unparalleled Execution: Prabhudas Lilladher


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Prabhudas Lilladher Report

We visited SRF Ltd.’s Dahej (Gujarat) plant spread over 293 acres which houses specialty chemicals and fluorochemicals businesses and also interacted with the management.

Dahej site houses 28 plants including 15 dedicated plants producing ~40 agrochemical intermediates, four multipurpose plants for agrochemicals, two multipurpose plants for pharma and fluorochemical plants (refrigerant gases and chlorinated solvents).

The site reflects company’s unparalleled size, scale and execution.

We are of the view that strong cash flows led by chemicals business profitability along with healthy performance from packaging and technical textile segments, will aid self-funded growth capex of ~Rs 90 billion over FY23-25E.

SRF’s earnings mix will improve with rising chemicals Ebit contribution from ~49% in FY22 to more than 60% by FY25E.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Image and article originally from Read the original article here.