Chemical biz uptick to boost SRF's H2 growth

Volumes, prices, new products to provide fillip, say analysts

- RAM PRASAD SAHU

The stock of the country's largest listed specialty chemicals maker by market capitalisation, SRF, has gained about 6 per cent over the past week. While its performance in the second quarter (July-September) of 2025-26 (Q2FY26) was a mixed bag, brokerages expect upsides due to strong prospects for its core chemicals business.

They expect the second half of the current financial year (H2FY26) to be better than the first on better volumes, prices, and output of new products. At the current price, the stock, which has gained about 30 per cent over the past year, is trading at 36 times its FY26 earnings per share (EPS).

ICICI Securities is positive about the prospects of the chemicals business going ahead. The performance, according to analysts led by Sanjesh Jain of ICICI Securities, could improve across refrigerant gases, specialty chemicals and fluoropolymers.