The additional dumping duty for five years is for imports from China as the dumping was done at unfairly low prices.
The move protects domestic refrigerant
manufacturers, increasing landed costs for Chinese suppliers.
Imposition of this anti-dumping duty is a positive for SRF as it has a 20,000 MTPA capacity for R134a, and is the only supplier of the said product in the country.
Every $1 per kg change in domestic realisation would impact SRF's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) would be impacted by 2% for financial year 2027.
Last month, the specialty chemicals manufacturer's chairman and managing director Ashish Bharat Ram told CNBC-TV18 that the company will look to demerge its performance films and foils business once it reaches annual EBITDA levels between ₹1,000 crore to ₹1,200 crore. The board and investors would be in a much stronger position to consider a separation of the business, the company's management said.
The mentioned business reported EBIT of ₹356 crore during the entire financial year and has reported EBIT of ₹259 crore in the first half of the financial year 2025.
SRF shares are trading 1.2% at ₹3,135.2 apiece on Friday. The stock has gained 41.5% so far in 2025.
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