Chemicals & Petrochemicals
Valuation | |
|---|---|
| Market Cap | 33.54 kCr |
| Price/Earnings (Trailing) | 49.31 |
| Price/Sales (Trailing) | 6.8 |
| EV/EBITDA | 25.51 |
| Price/Free Cashflow | -149.9 |
| MarketCap/EBT | 37.9 |
| Enterprise Value | 35.12 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -2.4% |
| Price Change 1M | -16.7% |
| Price Change 6M | -12.6% |
| Price Change 1Y | -15% |
| 3Y Cumulative Return | 3.2% |
| 5Y Cumulative Return | 40% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) |
| Revenue (TTM) |
| 4.93 kCr |
| Rev. Growth (Yr) | 1.6% |
| Earnings (TTM) | 680 Cr |
| Earnings Growth (Yr) | 47.9% |
Profitability | |
|---|---|
| Operating Margin | 18% |
| EBT Margin | 18% |
| Return on Equity | 8.87% |
| Return on Assets | 6.4% |
| Free Cashflow Yield | -0.67% |
| -1.12 kCr |
| Cash Flow from Operations (TTM) | 545 Cr |
| Cash Flow from Financing (TTM) | 599 Cr |
| Cash & Equivalents | 49 Cr |
| Free Cash Flow (TTM) | -274 Cr |
| Free Cash Flow/Share (TTM) | -24.94 |
Balance Sheet | |
|---|---|
| Total Assets | 10.62 kCr |
| Total Liabilities | 2.96 kCr |
| Shareholder Equity | 7.66 kCr |
| Current Assets | 3.76 kCr |
| Current Liabilities | 2.26 kCr |
| Net PPE | 3.97 kCr |
| Inventory | 1.98 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.15 |
| Debt/Equity | 0.21 |
| Interest Coverage | 5.76 |
| Interest/Cashflow Ops | 4.89 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3 |
| Dividend Yield | 0.10% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Profitability: Recent profitability of 14% is a good sign.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided 3.2% return compared to 12.8% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -16.7% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Profitability: Recent profitability of 14% is a good sign.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided 3.2% return compared to 12.8% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -16.7% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Investor Care | |
|---|---|
| Dividend Yield | 0.10% |
| Dividend/Share (TTM) | 3 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 61.92 |
Financial Health | |
|---|---|
| Current Ratio | 1.66 |
| Debt/Equity | 0.21 |
Technical Indicators | |
|---|---|
| RSI (14d) | 18.63 |
| RSI (5d) | 21.82 |
| RSI (21d) | 15.34 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated May 5, 2025
Summary of Gujarat Fluorochemicals's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY '26 earnings call, Gujarat Fluorochemicals Limited (GFL) provided a positive outlook for the future, highlighting resilience in their performance despite global challenges. Management reported a chemical segment revenue of Rs.1,210 crores for the quarter, up by 2% year-on-year. Notably, EBITDA grew by 26% to Rs.381 crores, with EBITDA margins improving to 32%, a growth of 608 basis points compared to the previous year. The Profit After Tax (PAT) for the chemical segment was Rs.198 crores, reflecting a significant 51% increase year-on-year.
Key forward-looking points included an anticipated increase in revenue from the electric vehicle (EV) materials business, expecting revenues to flow from Q4 FY '26, which will enhance both topline growth and bottom-line profitability. In the battery materials segment, management noted a price increase for LiPF6 from $10 per kg to $17 per kg, which positions GFL favorably as a non-China integrated producer.
Management confirmed that their facilities for LFP CAM and electrolytes are operational, with commercial sales expected to begin in the second half of Calendar Year 2026. They emphasized the potential of the battery materials market, citing rising demand driven by applications in renewable energy and EVs.
For capital expenditure, GFL plans to invest approximately Rs.1,500 crores in FY '27, following Rs.1,200 crores in FY '26. This spending is aimed at expanding capacity in critical segments. They are also targeting a break-even EBIT in the battery business by FY '27.
Overall, GFL expressed confidence in sustaining growth and creating long-term value, driven by demand increases in fluoropolymers, battery materials, and R32 refrigerants.
Understand Gujarat Fluorochemicals ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Inox Leasing and Finance Limited | 52.61% |
| Aryavardhan Trading LLP | 5.08% |
| Akash Bhanshali | 4.75% |
| Devansh Trademart LLP | 3.65% |
| Life Insurance Corporation of India | 2.9% |
| Dsp Midcap Fund | 2.03% |
| Mirae Asset Large & Midcap Fund | 1.69% |
Detailed comparison of Gujarat Fluorochemicals against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| SRF | SRF | 83.48 kCr | 15.6 kCr | -8.40% | -0.50% | 46.91 | 5.35 | - | - |
| PIIND | PI Industries | 48.48 kCr | 7.78 kCr |
Comprehensive comparison against sector averages
FLUOROCHEM metrics compared to Chemicals
| Category | FLUOROCHEM | Chemicals |
|---|---|---|
| PE | 49.31 | 43.73 |
| PS | 6.80 | 4.07 |
| Growth | 8.7 % | 5.4 % |
Gujarat Fluorochemicals is a Specialty Chemicals company that operates under the stock ticker FLUOROCHEM and holds a market capitalization of Rs. 43,032.6 Crores.
The company specializes in the manufacture and trading of a diverse range of products, such as bulk chemicals, refrigerant gases, fluorochemicals, fluoropolymers, and related activities. It serves markets not only in India but also in Europe, the United States, and other international regions.
Its product lineup includes:
These products are marketed under various brands, including INOFLON, FLUONOX, INOFLAR, INOLUB, and Refron. The company caters to sectors such as agrochemicals, pharmaceuticals, and EV battery materials.
Originally known as Inox Fluorochemicals Limited, the company rebranded to Gujarat Fluorochemicals Limited in July 2019. Established in 1987, it is headquartered in Noida, India, and operates as a subsidiary of Inox Leasing and Finance Limited.
Gujarat Fluorochemicals has demonstrated financial growth, reporting a trailing twelve-month revenue of Rs. 4,695.3 Crores. The company distributes dividends to its investors, with a dividend yield of 0.14% annually, returning Rs. 5 per share over the past year. Over the past three years, it has achieved a revenue growth of 21.7%.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
FLUOROCHEM vs Chemicals (2021 - 2026)
Among 14 analysts covering FLUOROCHEM, 4 recommend a strong buy, indicating some positive outlooks.
Acquisition • 20 Jan 2026 Intimation for incorporation of a Step-Down Subsidiary Company |
General • 16 Jan 2026 Monthly Updates - Special Window for re-lodgement of transfer requests of physical shares |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 05 Jan 2026 Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 |
Demise • 29 Dec 2025 Intimation of demise of Shri Devendra Kumar Jain, Chairman and Director of the Company. |
Newspaper Publication • 15 Dec 2025 Newspaper publication regarding special window for re-lodgment of transfer requests of physical shares pursuant to the SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated 2nd July, 2025 |
• 15 Dec 2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Q1: In the Fluoropolymer business in India, how do you see competitive landscapes now that there is an ADD on PTFE?
A: We expect the implementation of the anti-dumping duty to positively impact our business. Our extensive product range and experience position us well to capture significant market share. We anticipate a large portion of the previously imported PTFE will shift to domestic sources, helping us achieve an upward of 50%-60% of this market.
Q2: Will the Fluoropolymer business hold on to the 75% target for FY '26 considering the slow recovery?
A: We're focused on achieving the 25% target despite current global tariffs affecting sales. Decisions previously put on hold should resume, helping us adjust strategies and focus on alternative markets to meet that goal.
Q3: What steps are being taken regarding R32 safety incidents impacting customer confidence, and where do you stand on the 20,000 metric tons target?
A: We're enhancing safety processes and maintaining our 20,000 metric ton target by March. The incident doesn't alter our plans; rather, we're using it as an opportunity to improve safety systems and augment capacity.
Q4: How much of the revised tariff has been passed on to customers, and how has it impacted sales decisions?
A: The impact of the revised tariff is ongoing, leading to various readjustments. It's difficult to quantify the pass-through effect completely, but I've observed some absorption on our side while negotiations with customers continue.
Q5: Do you expect EBIT break-even in your battery chemical business for FY '27?
A: Yes, we're projecting to achieve EBIT break-even in FY '27, reflecting our strategic growth efforts in the battery chemicals segment.
Q6: What is your outlook for CAPEX in FY '27?
A: We're planning a CAPEX of approximately Rs. 1,500 crores for FY '27, primarily targeting cathode and salt production, as we build on the foundation laid with our Rs. 1,200 crore FY '26 CAPEX.
Q7: How do you expect the revenue from the battery chemicals business to scale in FY '28?
A: FY '28 should see significant revenue growth as our capacities and qualifications ramp up. We are currently focused on building foundational business capabilities leading into that fiscal year.
Q8: What is the impact of legacy players exiting the US market on your growth?
A: The exit of legacy players offers us significant opportunities, and these market dynamics are factored into our projected 25% growth in the Fluoropolymer business.
Q9: Regarding the price increase in LiPF6, what are your insights on how this affects your margins?
A: The increase is influenced by demand supply dynamics and recent plant closures. This pricing level should help us secure better margins, given our strategic positioning as an alternate supplier.
Q10: Will you require further funding for battery business growth, and will there be equity dilution?
A: Currently, no equity dilution is planned; we are utilizing convertible instruments. Funding needs will align with our CAPEX requirements as projects advance, keeping dilution potential selective.
These Q&A sessions reflect insights into the company's strategic positioning, growth expectations, and operational adjustments in response to market challenges.
| Motilal Oswal Large and Midcap Fund | 1.54% |
| Devendra Kumar Jain | 0.02% |
| Vivek Kumar Jain | 0.02% |
| Devansh Jain | 0.01% |
| Nandita Jain | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| -7.60% |
| 32.05 |
| 6.23 |
| - |
| - |
| NAVINFLUOR | Navin Fluorine International | 31.25 kCr | 2.85 kCr | +3.00% | +56.00% | 68.76 | 10.98 | - | - |
| AARTIIND | Aarti Industries | 13.49 kCr | 7.57 kCr | -0.50% | -15.10% | 69.26 | 1.78 | - | - |
| CHEMPLASTS | Chemplast Sanmar | 4.11 kCr | 4.38 kCr | -0.40% | -44.50% | -19.02 | 0.94 | - | - |
| GUJALKALI | Gujarat Alkalis & Chemicals | 3.35 kCr | 4.4 kCr | -9.60% | -33.00% | 22797.5 | 0.76 | - | - |
| -0.4% |
| 246 |
| 247 |
| 217 |
| 175 |
| 172 |
| 149 |
| Total profit before tax | -0.4% | 246 | 247 | 217 | 175 | 172 | 149 |
| Current tax | 3.2% | 66 | 64 | 62 | 45 | 47 | 36 |
| Deferred tax | 100% | 1 | -1 | -36 | 4 | 4 | 5 |
| Total tax | 6.5% | 67 | 63 | 26 | 49 | 51 | 41 |
| Total profit (loss) for period | -2.7% | 179 | 184 | 191 | 126 | 121 | 108 |
| Other comp. income net of taxes | 0% | 15 | 15 | 4 | -1 | 6 | 1 |
| Total Comprehensive Income | -2.5% | 194 | 199 | 195 | 125 | 127 | 109 |
| Earnings Per Share, Basic | -2.8% | 16.31 | 16.75 | 17.39 | 11.47 | 10.99 | 9.81 |
| Earnings Per Share, Diluted | -2.8% | 16.31 | 16.75 | 17.39 | 11.47 | 0 | 9.81 |
| 20.9% |
| 383 |
| 317 |
| 296 |
| 241 |
| 198 |
| 187 |
| Finance costs | 23.6% | 158 | 128 | 115 | 76 | 109 | 101 |
| Depreciation and Amortization | 12.8% | 292 | 259 | 218 | 188 | 185 | 176 |
| Other expenses | 7.8% | 1,528 | 1,418 | 1,677 | 1,220 | 849 | 994 |
| Total Expenses | 9.9% | 3,879 | 3,530 | 3,900 | 2,915 | 2,172 | 2,331 |
| Profit Before exceptional items and Tax | 32.7% | 740 | 558 | 1,819 | 1,030 | 470 | 349 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | -26.04 |
| Total profit before tax | 32.7% | 740 | 558 | 1,819 | 1,030 | 470 | 323 |
| Current tax | 51.7% | 177 | 117 | 454 | 258 | 119 | 128 |
| Deferred tax | -161.9% | -12 | 22 | 8.82 | -2.34 | 579 | 5.07 |
| Total tax | 18% | 165 | 140 | 463 | 256 | 698 | 133 |
| Total profit (loss) for period | 37.3% | 575 | 419 | 1,356 | 774 | -228.17 | 190 |
| Other comp. income net of taxes | 26.5% | -1 | -1.72 | -1.37 | 0.41 | 0.53 | -2.09 |
| Total Comprehensive Income | 37.7% | 574 | 417 | 1,354 | 775 | -227.64 | 188 |
| Earnings Per Share, Basic | 38.4% | 52.38 | 38.12 | 123.4 | 70.47 | -20.771 | 17.29 |
| Earnings Per Share, Diluted | 38.4% | 52.38 | 38.12 | 123.4 | 70.47 | -20.771 | 17.29 |
| 7.8% |
| 1,011 |
| 938 |
| 781 |
| 902 |
| 873 |
| 792 |
| Investment property | 0% | 3 | 3 | 3 | 3.3 | 3.34 | 3.38 |
| Non-current investments | 5.4% | 1,008 | 956 | 946 | 946 | 804 | 553 |
| Loans, non-current | 7.7% | 15 | 14 | 297 | 48 | 6.23 | 6.48 |
| Total non-current financial assets | 19.8% | 1,180 | 985 | 1,256 | 1,006 | 840 | 593 |
| Total non-current assets | 4.4% | 5,935 | 5,684 | 6,053 | 5,724 | 5,241 | 4,828 |
| Total assets | -2% | 9,446 | 9,635 | 9,466 | 9,136 | 8,627 | 8,276 |
| Borrowings, non-current | -40.4% | 236 | 395 | 476 | 367 | 157 | 173 |
| Total non-current financial liabilities | -39.9% | 240 | 399 | 481 | 372 | 162 | 178 |
| Provisions, non-current | 0% | 58 | 58 | 59 | 53 | 40 | 39 |
| Total non-current liabilities | -20.4% | 583 | 732 | 849 | 720 | 481 | 493 |
| Borrowings, current | -22.9% | 1,224 | 1,587 | 1,599 | 1,618 | 1,456 | 1,280 |
| Total current financial liabilities | -16.9% | 1,965 | 2,365 | 2,399 | 2,425 | 2,271 | 2,152 |
| Provisions, current | -20.8% | 20 | 25 | 17 | 18 | 27 | 20 |
| Current tax liabilities | 40% | 50 | 36 | 29 | 29 | 52 | 69 |
| Total current liabilities | -15.9% | 2,052 | 2,439 | 2,474 | 2,494 | 2,364 | 2,255 |
| Total liabilities | -16.9% | 2,635 | 3,171 | 3,323 | 3,214 | 2,846 | 2,748 |
| Equity share capital | 0% | 11 | 11 | 11 | 11 | 11 | 11 |
| Total equity | 5.4% | 6,811 | 6,464 | 6,143 | 5,923 | 5,781 | 5,528 |
| Total equity and liabilities | -2% | 9,446 | 9,635 | 9,466 | 9,136 | 8,627 | 8,276 |
| Net Cashflows From Operating Activities |
| -6.2% |
| 617 |
| 658 |
| 787 |
| 777 |
| - |
| - |
| Cashflows used in obtaining control of subsidiaries | -100.3% | 0 | 379 | 428 | 52 | - | - |
| Proceeds from sales of PPE | -79.6% | 12 | 55 | 4.94 | 25 | - | - |
| Purchase of property, plant and equipment | -50.8% | 311 | 631 | 329 | 667 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 0 | 23 | - | - |
| Purchase of intangible assets | 2193.2% | 62 | 3.66 | 52 | 0 | - | - |
| Purchase of intangible assets under development | -110% | 0 | 11 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 347 | 0 | 156 | 0 | - | - |
| Interest received | 72.2% | 32 | 19 | 35 | 8.86 | - | - |
| Other inflows (outflows) of cash | -196.5% | -90 | -29.69 | 197 | 35 | - | - |
| Net Cashflows From Investing Activities | 62.5% | -385 | -1,028.74 | -533.52 | -662.4 | - | - |
| Proceeds from borrowings | -64.5% | 228 | 640 | 453 | 204 | - | - |
| Repayments of borrowings | 123.1% | 233 | 105 | 540 | 201 | - | - |
| Payments of lease liabilities | -15.3% | 2 | 2.18 | 1.51 | 0.35 | - | - |
| Dividends paid | 52.4% | 33 | 22 | 44 | 22 | - | - |
| Interest paid | 28.5% | 177 | 138 | 126 | 84 | - | - |
| Net Cashflows from Financing Activities | -158.8% | -217 | 372 | -259.7 | -103.62 | - | - |
| Net change in cash and cash eq. | 70100% | 15 | 0.98 | -6.7 | 11 | - | - |
General • 11 Dec 2025 Monthly Updates - Special Window for re-lodgement of transfer requests of physical shares for the month of November, 2025 |
Analysis of Gujarat Fluorochemicals's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Chemicals | 100.0% | 1.2 kCr |
| Total | 1.2 kCr |