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Gujarat Fluorochemicals Ltd

₹ 3,492-2.57%
06 Jan – close price
🔗gfl.co.in•BSE: 542812•NSE: FLUOROCHEM
Market Cap₹ 38,364 Cr.
Current Price₹ 3,492
High / Low₹ 4,250
Stock P/E54.8
Book Value₹ 620
Dividend Yield0.09 %
ROCE11.0 %
ROE9.28 %
Face Value₹ 1.00
Sales₹ 4,586 Cr.
OPM28.1 %
Mar Cap₹ 38,364 Cr.

ABOUT

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.

KEY POINTS

INOX GFL Group[1]The company is a part of Inox group. INOXGFL Group has a legacy of 90+ years and is one of the largest business Groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropolymers, gases, wind turbines and renewables. The Group currently with 3 listed entities has a market capitalization ~ 5 bn USD.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Pidilite Inds.1505.0068.24153165.960.66584.608.363554.449.8829.8413817.5923.312244.67579.2316.0316.220.05
2.Gujarat Fluoroch3492.4054.8138364.010.09195.0035.421131.00-5.6710.964586.0028.06700.00195.005.636.130.22
3.Navin Fluo.Intl.5751.0066.3729472.500.21148.37152.24758.4246.2611.682790.9627.91444.09148.378.186.270.33
4.Deepak Nitrite1625.5041.7222170.690.46118.75-38.871901.89-6.4016.287874.8611.16531.41118.714.029.860.23
5.Atul6182.5033.5718202.370.40182.3731.011551.8511.4212.815898.3216.11542.25179.243.087.480.03
6.BASF India3898.0043.8616872.740.51101.05-21.023904.04-8.0918.0214603.554.17384.69101.054.426.070.04
7.Vinati Organics1614.8036.0116739.930.46129.0221.59546.27-1.2720.612258.6529.70464.92129.025.6413.640.00
–Median: 92 Co.292.4828.49878.140.327.343.25134.385.6115.16512.2213.0926.077.352.767.880.11

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
1,4409081,1231,1451,0851,1741,4701,0431,1581,4539261,1991,131
Expenses
888745816803841841915841871923753901771
Operating Profit
552163307342244333555202287530173298360
Other Income
241314271117191916277137
Profit before tax
4877520528114924748111719047985196263
Tax %
25%25%25%23%26%25%26%26%12%25%27%27%26%
Net Profit
364561532151111853578616735762144195
EPS in Rs
33.135.1013.9319.5710.1016.8432.477.8315.2032.515.6413.1117.75

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2,7312,4962,5243,8135,6224,0224,5654,586
Expenses
1,9462,0911,9382,6823,6513,1903,4863,299
Operating Profit
7844055861,1311,9718321,0791,287
Other Income
7619517816318111411154
Interest
5610110976115128158141
Depreciation
162176185188218259292295
Profit before tax
6423234701,0301,819558740905
Net Profit
1,246190-2287741,356419575700
EPS in Rs
–17.29-20.7770.47123.4138.1252.3863.72
Dividend Payout %
0%0%0%6%3%8%6%–

Compounded Profit Growth

10 Years:%
5 Years:23%
3 Years:-9%
TTM:76%

Compounded Sales Growth

10 Years:%
5 Years:13%
3 Years:6%
TTM:8%

Return on Equity

10 Years:%
5 Years:12%
3 Years:14%
Last Year:9%

Stock Price CAGR

10 Years:%
5 Years:41%
3 Years:6%
1 Year:-11%

Balance Sheet

Standalone figures in ₹ crores

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1111111111111111
Reserves
3,4943,6813,4544,2065,5175,9126,4536,800
Borrowings
9171,6741,5291,5361,4591,9921,9871,465
Other Liabilities
4105908691,0451,2891,2221,1851,170
Total Liabilities
4,8315,9575,8636,7988,2769,1369,6359,446
Fixed Assets
2,1932,3052,2662,4333,0103,6063,6093,604
Gross Block
2,7993,0813,2003,5504,3365,1885,285–
Accumulated Depreciation
6067769341,1171,3261,5821,676–
CWIP
2293184006728079399821,011
Investments
4293461751595549471,0461,008
Other Assets
1,9792,9873,0213,5343,9043,6443,9983,823
Total Assets
4,8315,9575,8636,7988,2769,1369,6359,446

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
799534619777787658617
Cash from Investing Activity
-452-1,160-373-662-534-1,029-385
Cash from Financing Activity
119635-252-104-260372-217
Net Cash Flow
46610-611-7115

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
88941068194113127
Inventory Days
268307342252276331325
Days Payable
111158156164164156147
Cash Conversion Cycle
245242292169207289304
Working Capital Days
253632666798
ROCE %
–9%11%20%30%9%11%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
63.80%63.80%63.80%63.80%63.80%63.80%62.57%62.57%62.57%62.57%62.57%61.39%61.39%
FIIs
5.75%4.85%6.44%4.82%4.58%4.51%5.20%4.88%4.61%4.63%4.25%4.36%4.31%
DIIs
4.25%5.87%5.86%7.68%8.59%8.76%9.60%9.56%10.05%10.74%11.47%12.73%12.82%
Public
26.19%25.47%23.88%23.69%23.01%22.91%22.62%22.98%22.77%22.05%21.69%21.51%21.48%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Gujarat Fluorochemicals Subsidiary GFCL EV Secures Additional USD 80 Million for Battery Materials Expansion

27th March 2026, 11:31 pm

CRISIL Reaffirms Gujarat Fluorochemicals' Bank Ratings, Withdraws NCD Rating

27th March 2026, 4:01 pm

Gujarat Fluorochemicals Announces Trading Window Closure for Insiders

24th March 2026, 11:52 pm

Gujarat Fluorochemicals Shareholders Approve Deputy MD's Remuneration Revision

16th March 2026, 11:55 pm

GFCL Revives Special Window for Physical Share Dematerialisation

28th February 2026, 8:29 pm

Published by Other Websites

External media mentions & references

Corporate India Buzz: Orders, Investments, And Expansion Drive Market Action

30th March 2026, 7:48 am

Indian Stocks in Focus: Mega Orders, JV Starts, and Key Deals Shape Market Movers

30th March 2026, 7:18 am

Gujarat Fluorochemicals Stock Falls Despite $130M EV Battery Funding

27th March 2026, 8:23 pm

Ace Investor Bhanshali Risks ₹2,500 Cr on Fallen Giants GFL, Paytm

26th March 2026, 7:01 am

Specialty Chemical Stocks Surge on $681B Global Battery Boom

23rd March 2026, 6:29 am

News Articles

Editorial & research coverage

INOXGFL Fuels Solar Expansion with ₹17,000 Cr MoUs
INOXGFL Fuels Solar Expansion with ₹17,000 Cr MoUs

24th January 2026, 5:34 pm

INOX Wind Gears Up for Union Budget 2026 with Clean Energy Focus Amidst Market Valuations
INOX Wind Gears Up for Union Budget 2026 with Clean Energy Focus Amidst Market Valuations

22nd January 2026, 10:55 am

IFC Bets Big: $50 Million Fuels India's FIRST Integrated Battery Materials Plant by Gujarat Fluorochemicals!
IFC Bets Big: $50 Million Fuels India's FIRST Integrated Battery Materials Plant by Gujarat Fluorochemicals!

22nd December 2025, 5:05 am

Promoter Sell-Off Alert: Are India's Top Companies Cashing Out as Market Becomes Expensive?
Promoter Sell-Off Alert: Are India's Top Companies Cashing Out as Market Becomes Expensive?

12th December 2025, 7:55 am

Gujarat Fluorochemicals Rocks India's EV Future: IFC Pours $50 Million into India's FIRST Integrated Battery Material Facility!
Gujarat Fluorochemicals Rocks India's EV Future: IFC Pours $50 Million into India's FIRST Integrated Battery Material Facility!

5th December 2025, 4:15 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 30 (LODR)-Demise

29 Dec - Shri Devendra Kumar Jain, founder Chairman and promoter, died on 29 December 2025.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication

15 Dec - 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

Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

15 Dec - 12-Dec-2025 postal ballot: AOA amended—add Deputy MD; clarify director rotation; no qualification shares.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Credit Ratings

Rating update

28 Jul 2025 from crisil

Rating update

26 Mar 2025 from crisil

Rating update

26 Dec 2024 from crisil

Rating update

1 Oct 2024 from crisil

Rating update

14 Jun 2024 from crisil

Rating update

26 Apr 2024 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

  1. Gujarat Fluorochemicals Limited (GFCL) is a part of the INOX GFL Group and a leading producer of fluoro-polymers, fluoro-specialities, chemicals, and refrigerants in India. It is recognized as one of the top five global players in the fluoropolymers market, with significant exports.

Key Growth Triggers

  1. Key growth drivers include the company's strong position in the Fluoropolymers segment, expansion into high-purity grades for semiconductor and aerospace, commercial production of R32, and strategic investments in the Battery Materials vertical, aiming for global leadership with significant CAPEX.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Promoter holding has decreased over last quarter.
  2. Company has a low return on equity of 14.0% over last 3 years.
  3. Dividend payout has been low at 5.62% of profits over last 3 years.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

27th Mar 26
Impact Rating: 9
Gujarat Fluorochemicals Limited announced its subsidiary GFCL EV secured USD 80 million, adding to USD 50 million from IFC, to enhance manufacturing of advanced battery materials and strengthen its global supply chain.
27th Mar 26
Impact Rating: 9
CRISIL reaffirms Gujarat Fluorochemicals' bank ratings at AA+/Stable and A1+. The rating agency withdrew its rating on Rs. 50 crore NCDs due to redemption. Company shows sustained revenue growth and improved operating margins.
24th Mar 26
Impact Rating: 5
Gujarat Fluorochemicals Limited is closing its trading window for designated employees and relatives from April 1, 2026. The restriction will last until 48 hours after the announcement of audited financial results for the quarter and financial year ending March 31, 2026.
16th Mar 26
Impact Rating: 7
No description available.
28th Feb 26
Impact Rating: -
No description available.