Gujarat Fluorochemicals Ltd logo

Gujarat Fluorochemicals Ltd

FLUOROCHEM NSE

Key Fundamentals

MidcapSpecialty ChemicalsChemicals
Market Cap
₹52,305 Cr
Volatility
Moderate
P/E Ratio
84.87
EBITDA
₹1,270 Cr
Return on Equity
7.48%
Debt to Equity
0.29
Book Value
₹711.51
EPS
₹31.12
52W High
₹4,958.9
52W Low
₹2,916.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY18–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

4
  • Stock is trading at 6.57 times its book value
  • Company has a low return on equity of 7.85% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 6.50% of profits over last 3 years

Growth Rate

Revenue Growth
2.94% ↘
Net Income Growth
4.21% ↘
Cash Flow Change
-12.95% ↘
ROE
2.05% ↘
ROCE
-1.66% ↘
EBITDA Margin (Avg.)
0.72% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Gujarat Fluorochemicals Ltd trades at a market cap of ~₹53,234 Cr with a PE of 86.2x and a price-to-book of 6.62x, reflecting elevated growth expectations. The company delivered 10% TTM revenue growth but compounded profit growth has been flat (0% TTM) after a sharp 3-year profit CAGR decline of -24%, while ROE stands at a modest ~8% over the last 3 years. It is investing heavily in EV battery materials with a planned capex of ₹6,000 Cr by FY28, backed by a $50 million IFC investment in its subsidiary GFCL EV.

Bull Case 8
  • Strong long-term profit compounding at 36% CAGR over 5 years despite recent cyclical weakness
  • Stock price CAGR of 23% over 5 years and 40% over the last 1 year, reflecting sustained investor confidence
  • Q4 FY2025 PAT nearly doubled YoY with EBITDA up 28% to ₹305 Cr, signaling a recovery in margins
  • IFC committed ~$50 million in GFCL EV subsidiary for India's first integrated battery materials facility (LiPF6, LFP cathode, PVDF binders)
  • Net debt reduced from 0.3x to 0.2x net-debt-to-equity by Q4 FY2025, showing improving balance sheet health
  • Planned capex of ₹6,000 Cr by FY28 positions the company in high-growth EV and energy storage value chains
  • Fluoropolymer volumes expected to grow 15-20% in FY27, providing near-term revenue visibility
  • FY2025 annual revenue reached ₹4,737 Cr with 10.67% YoY growth, showing demand recovery after a weak FY2024
Bear Case 8
  • PE ratio of 86.2x is significantly elevated relative to the chemicals sector average, pricing in aggressive future growth
  • 3-year compounded profit CAGR is -24%, indicating a prolonged earnings downcycle
  • Return on equity of only 7.85% over the last 3 years is low for a company trading at 6.62x book value
  • TTM profit growth is flat at 0%, meaning recent earnings momentum has yet to build meaningfully
  • Dividend payout of only 6.50% of profits over last 3 years with a yield of just 0.06%, offering negligible income
  • Company may be capitalizing interest costs, which could overstate reported earnings and asset values
  • 3-year compounded sales CAGR is -4%, reflecting volume or pricing headwinds in the core chemicals business
  • Heavy capex plan of ₹6,000 Cr by FY28 carries execution risk; battery materials is capital-intensive with long gestation periods

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Headwinds 1
  • EV products segment still loss-making Aug 12

    Despite strong Q1FY26 consolidated profit growth of 20% YoY, the EV products segment continues to report ongoing losses, weighing on overall profitability.

Positives 3
  • Q1FY26 profit surges 20% YoY Aug 12

    Consolidated net profit rose 20% YoY to ₹219 crore for Q1FY26, driven by robust chemicals segment performance.

  • R32 expansion starts Q2FY27 Aug 13

    R32 capacity expansion set to begin in Q2FY27 with 20,000 tons expected to be fully utilised by CY2027. R134A project remains on schedule for the current financial year.

  • Fluoropolymers 17-20% annual growth Aug 13

    Company projects 17-20% annual growth in fluoropolymers driven by volume expansion and premium product mix, with new product approvals expected by year-end and commercial ramp-up in H2FY27.

Neutral 2
  • Q1FY27 earnings call scheduled Aug 6

    Conference call with analysts and institutional investors scheduled for August 12, 2026, to discuss Q1FY27 financial performance.

  • Presenting at Motilal Oswal conference Aug 12

    Gujarat Fluorochemicals will present Q4FY26 results at Motilal Oswal 22nd Annual Global Investor Conference on August 19, 2026, in Mumbai.

TL;DR: Gujarat Fluorochemicals is delivering solid profit growth (+20% YoY) backed by a strong chemicals segment and has clear capacity expansion visibility with R32 and R134A projects on track. The fluoropolymers segment guides 17-20% annual growth. Key risk remains the loss-making EV products division. The trend is improving as new capacities ramp through FY27, but margin dilution from EV losses bears monitoring.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,209
947
992
1,133
1,176
1,188
1,148
1,225
1,281
1,210
1,136
1,369
1,588
Expenses
861
783
786
895
914
893
854
919
937
846
861
1,062
1,162
Operating Profit
348
164
206
238
262
295
294
306
344
364
275
307
426
OPM %
29%
17%
21%
21%
22%
25%
26%
25%
27%
30%
24%
22%
27%
Other Income
15
13
13
18
9
9
14
26
23
6
-10
3
12
Interest
28
34
37
34
37
42
42
26
30
33
33
42
26
Depreciation
66
68
72
81
85
90
91
89
90
91
89
97
102
PBT
269
75
110
141
149
172
175
217
247
246
143
171
310
Tax %
25%
29%
27%
28%
28%
30%
28%
12%
26%
27%
29%
42%
29%
Net Profit
201
53
80
101
108
121
126
191
182
179
102
100
219
EPS in Rs
18.3
4.82
7.28
9.19
9.83
11.02
11.47
17.39
16.57
16.29
9.29
9.38
20.12
Figures in ₹ Crores

Profit & Loss

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,851
2,729
2,606
2,650
3,954
5,685
4,281
4,737
4,996
5,303
Expenses
3,105
1,941
2,167
2,052
2,785
3,719
3,366
3,638
3,706
3,931
Operating Profit
745
788
439
598
1,168
1,965
915
1,100
1,290
1,372
OPM %
19%
29%
17%
23%
30%
35%
21%
23%
26%
26%
Other Income
112
78
190
199
161
172
100
115
22
11
Interest
279
56
105
113
78
117
133
147
138
134
Depreciation
299
164
192
202
205
236
286
355
367
379
PBT
279
645
332
482
1,045
1,785
595
713
807
870
Tax %
14%
-93%
43%
146%
26%
26%
27%
23%
31%
—
Net Profit
240
1,246
189
-222
776
1,323
435
546
556
600
EPS in Rs
—
—
17.87
-19.91
71.66
121
39.59
49.71
51.07
55.08
Div. Payout %
15%
0%
0%
0%
6%
3%
8%
6%
6%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
11
11
11
11
11
11
11
Reserves
4,756
3,499
3,705
3,482
4,244
5,510
5,925
7,242
7,855
Borrowings
2,000
968
1,718
1,591
1,556
1,515
2,096
2,080
2,290
Other Liabilities
2,986
441
634
885
1,067
1,335
1,201
1,270
1,727
Total Liabilities
9,753
4,919
6,067
5,969
6,878
8,371
9,233
10,602
11,883
Fixed Assets
3,813
2,305
2,414
2,367
2,514
3,111
4,264
4,285
4,831
CWIP
724
229
318
400
680
1,158
1,128
1,568
1,890
Investments
524
342
259
88
20
1
1
289
278
Other Assets
4,691
2,042
3,076
3,114
3,665
4,101
3,840
4,460
4,884
Total Assets
9,753
4,919
6,067
5,969
6,878
8,371
9,233
10,602
11,883
Figures in ₹ Crores

Cash Flow

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
952
782
546
616
741
739
626
545
961
Investing
589
-428
-1,152
-373
-584
-476
-966
-1,121
-1,168
Financing
-1,668
110
622
-248
-144
-264
348
599
367
Net Cash Flow
-127
464
17
-5
14
-2
7
24
160
Free Cash Flow
-64
276
-650
343
92
12
-330
-335
-291
CFO/OP
157
101
136
80
83
62
90
67
94
Figures in ₹ Crores

Ratios

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
184
77
79
92
72
71
72
92
94
Inventory Days
736
351
390
404
314
375
435
487
430
Days Payable
471
127
176
202
170
174
144
162
123
Cash Conversion Cycle
449
301
293
294
216
272
363
418
401
Working Capital Days
67
22
0
6
33
62
60
97
109
ROCE %
—
11%
9%
11%
20%
30%
10%
10%
10%

Shareholding Pattern

As of Jun 2026
Promoters 61.39%
Public 14.05%
DIIs 13.33%
Others 6.81%
FIIs 4.41%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
68.37%
68.37%
67.65%
66.35%
66.08%
66.08%
66.08%
63.81%
63.81%
63.81%
63.81%
63.81%
63.81%
62.58%
62.58%
62.58%
62.58%
62.58%
61.39%
61.39%
61.39%
61.39%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.51%
5.20%
4.88%
4.61%
4.63%
4.25%
4.36%
4.31%
4.28%
4.41%
DIIs
5.70%
4.88%
4.10%
4.01%
4.29%
4.24%
3.87%
4.37%
5.91%
5.66%
7.71%
8.20%
8.79%
9.62%
9.58%
10.05%
10.74%
11.48%
12.73%
12.82%
13.49%
13.33%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
14.32%
14.93%
15.07%
15.37%
15.13%
15.15%
14.84%
15.66%
15.64%
15.09%
15.19%
14.47%
14.52%
14.77%
14.99%
15.15%
14.69%
14.52%
14.50%
14.50%
14.00%
14.05%
Others
11.61%
11.82%
13.17%
14.26%
14.50%
14.53%
15.21%
16.16%
14.65%
15.44%
13.30%
13.52%
8.37%
7.83%
7.97%
7.62%
7.36%
7.17%
7.02%
6.98%
6.83%
6.81%
No. of Shareholders
0
18,997
19,976
39,578
47,407
44,320
44,882
44,365
55,054
66,600
80,610
71,178
67,328
68,283
66,592
68,544
66,906
68,420
66,493
64,664
62,703
61,120

Documents

Frequently Asked Questions about Gujarat Fluorochemicals Ltd

What does Gujarat Fluorochemicals Ltd do?
Incorporated in 2018, Gujarat Fluorochemicals Limited, earlier known as Inox Fluorochemicals Limited, is a part of the INOX Group of Companies and has been demerged from GFL Ltd, into a separate legal entity. It is one of the leading producers of Fluoro-polymers, Fluoro-specialities, Chemicals an...
Where is Gujarat Fluorochemicals Ltd (FLUOROCHEM) listed?
Gujarat Fluorochemicals Ltd is listed on the Indian stock exchanges. It is listed on NSE: FLUOROCHEM and BSE: 542812. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Gujarat Fluorochemicals Ltd belong to?
Gujarat Fluorochemicals Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Gujarat Fluorochemicals Ltd?
Gujarat Fluorochemicals Ltd has a market capitalisation of approximately ₹52305.08 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Gujarat Fluorochemicals Ltd?
The Price-to-Earnings (PE) ratio of Gujarat Fluorochemicals Ltd is 84.87. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Gujarat Fluorochemicals Ltd?
Over the past 52 weeks, Gujarat Fluorochemicals Ltd has traded between a low of ₹2,916.6 and a high of ₹4,958.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Gujarat Fluorochemicals Ltd pay dividends?
Yes, Gujarat Fluorochemicals Ltd has a dividend yield of 0.06%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Gujarat Fluorochemicals Ltd?
Gujarat Fluorochemicals Ltd has a Return on Equity (ROE) of 7.48%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Gujarat Fluorochemicals Ltd on Tapetide?
On Tapetide, you can view Gujarat Fluorochemicals Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 2018, Gujarat Fluorochemicals Limited, earlier known as Inox Fluorochemicals Limited, is a part of the INOX Group of Companies and has been demerged from GFL Ltd, into a separate legal entity. It is one of the leading producers of Fluoro-polymers, Fluoro-specialities, Chemicals and Refrigerants in India. It is one of the top five global players in the fluoropolymers market with exports to Europe, Americas, Japan and Asia.

Website gfl.co.in
CEO Mr. Vivek Kumar Jain
Employees 3,405
Listed 2019-10-16
Face Value ₹ 1
Issued Size 10,98,50,000

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