SRF503806Specialty chemicals
Brokerages stayed cautious on SRF after it missed Q2 estimates on chemical margin pressure and weak demand, with Jefferies maintaining hold, Morgan Stanley underweight and UBS a sell
By ScoutQuest · · 1 min read
- Stock decline YTD/6 months
- nearly 24-25 percent
Heard on business television between 08:52:26 - 08:55:26 IST.
- SRF's Q2 results missed estimates, dragged by weak performance in chemicals, performance films and foils business
- Jefferies maintained hold, citing chemical margin pressure from specialty chemical overcapacity from China, though refrigerant gas performance remained strong
- Morgan Stanley maintained underweight, saying the non-fluoro vertical dragged consolidated gross margins due to raw material cost inflation and sequential demand softness after a strong Q1; expects India's R32 supply to expand materially in 2027
- UBS maintained sell, noting chemical revenue grew but margins declined due to pricing pressure and China overcapacity, though refrigerant volumes were robust
- Stock is down nearly 24-25% over the last six months/YTD
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Also from SRF
Morgan Stanley maintained underweight on SRF after Q2 results showed margin pressure
23 Oct 2026
Jefferies maintained a hold rating on SRF citing chemical margin pressure from Q2 results
23 Oct 2026
Brokerages stayed cautious to negative on SRF after Q2 results missed estimates on chemical margin pressure and weak demand
23 Oct 2026
Source: Live TV News Channel · 23 Oct 2026
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