29 Sep 2025 | 3 Mins Read
Hold SRF, target Rs 2947: Prabhudas Lilladher
Flipitmoney
Indian government imposed anti-dumping duty of ~USD4,500/mt on R134a imports from China. SRF is the sole domestic manufacturer. The duty's benefit is limited due to narrowing import-export realizations gap. Estimated 2% EBITDA impact from every USD1/kg benefit or 1,000mt sales increase. Target price revised to Rs2,947, maintaining a Hold rating.