Gujarat Fluorochemicals (FLUOROCHEM) had a P/E of 75.9× on 6 Nov 2026, above the industry P/E of 22.1×. Its ROCE of 9.6% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit fell 4.5% and 24% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.26× equity. It is a mid-cap company with a market cap of ₹51,251 Cr, ranked 6th of 204 Specialty Chemicals companies by market cap; the shares rose 28% over the past year.
- ₹4,695.00
- ₹4,714.00
- ₹4,584.80
- ₹4,709.60
- 81.4K
Health check
- ReturnsAhead
+28.0% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 75.9 vs industry 22.1.
- GrowthShrinking
Sales −4.5%, profit −24.3% a year over 3 years.
- ProfitabilityWeak
ROCE 9.6% vs peer median 24.4%.
- Balance sheetFair
Debt 0.26× equity, interest covered 9.8×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 75.9 against an industry P/E of 22.1.
Mid cap
Market sensitivity
Key metrics
- Market cap
- ₹51,251 Cr
- Mid cap
- P/E
- 75.9
- Industry 22.1
- Price to book
- 6.11
- Peers 13.33
- Dividend yield
- 0.06%
- ROE
- 8.3%
- Peers 23.0%
- ROCE
- 9.6%
- Peers 24.4%
- Debt to equity
- 0.26
- Debt ₹2,331 Cr
- EPS (TTM)
- ₹61.49
- Face value ₹1
- OPM (TTM)
- 24.1%
- Net margin 11.9%
- Sales growth
- +45.5%
- Latest quarter vs a year ago
- Profit growth
- +43.8%
- Latest quarter vs a year ago
- Price to sales
- 8.76
- EV/EBITDA 38.3
Strengths and risks
Strengths
- Quarterly profit up 43.8% on a year ago.
- Quarterly sales up 45.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 75.9 against an industry P/E of 22.1.
About Gujarat Fluorochemicals
Gujarat Fluorochemicals Limited engages in the manufacture and trading of refrigerant gases, fluorochemicals, fluoropolymers, battery chemicals, wind energy, and renewable energy solutions in India, Europe, the United States, and internationally. It provides caustic soda, carbon tetrachloride, chlorine, methylene di chloride, hydrochloric acid, sodium hydrogen sulphate, hydrogen gas, fluorspar, chloroform, and anhydrous hydrogen chloride. The company…
- Headquarters
- Noida
- Employees
- 3,142
- Sector
- Basic Materials
- ISIN
- INE09N301011
- Website
- gfl.co.in
Price range
- Avg volume (3M)
- 1.6 L
- 1-year return
- plus 28.0%
- From 52-week high
- minus 5.9%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| HSCLHimadri Speciality Chemical | 568.15 | minus 0.07% | 28,667 | 33.5 | 29.0 | 21.0% | 21.8% | 0.22 | 3.7% | plus 22.9% |
| Median of 7 peers | – | 0.48% | 58,496 | 60.0 | 44.4 | 24.4% | 23.5% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,210 | 1,136 | 1,369 | 1,588 | 1,760 | |
| 881 | 880 | 1,083 | 1,173 | 1,305 | |
| 329 | 256 | 286 | 415 | 455 | |
| 27.2% | 22.5% | 20.9% | 26.1% | 25.9% | |
| 35 | 26 | 27 | 23 | 28 | |
| 33 | 33 | 42 | 26 | 40 | |
| 91 | 89 | 97 | 102 | 104 | |
| – | −17 | −3 | – | – | |
| 240 | 143 | 171 | 310 | 339 | |
| 29.6% | 28.7% | 36.3% | 29.4% | 29.2% | |
| 169 | 103 | 112 | 219 | 243 | |
| 15.38 | 9.29 | 9.92 | 20.17 | 22.11 |
Profit & loss
- Sales CAGR 3Y
- −4.5%
- Profit CAGR 3Y
- −24.3%
- EPS CAGR 3Y
- −24.3%
- ROE
- 8.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5,594 | 4,194 | 4,615 | 4,875 | |
| – | minus 25.0% | +10.0% | +5.7% | |
| 3,629 | 3,278 | 3,514 | 3,673 | |
| 1,966 | 915 | 1,100 | 1,203 | |
| 35.1% | 21.8% | 23.8% | 24.7% | |
| 152 | 96.7 | 75.8 | 88.8 | |
| 98.6 | 124 | 126 | 91.9 | |
| 236 | 286 | 355 | 367 | |
| 2 | −7.4 | 17.4 | −26.3 | |
| 1,785 | 595 | 713 | 807 | |
| 25.9% | 26.9% | 23.4% | 28.9% | |
| 1,329 | 435 | 546 | 577 | |
| – | minus 67.3% | +25.5% | +5.7% | |
| 120.97 | 39.59 | 49.71 | 52.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11 | 11 | 11 | 11 | |
| 5,510 | 5,925 | 7,242 | 7,855 | |
| 1,515 | 2,096 | 2,080 | 2,291 | |
| 1,336 | 1,202 | 1,275 | 1,727 | |
| 8,371 | 9,234 | 10,608 | 11,883 | |
| 4,720 | 5,551 | 5,960 | 6,796 | |
| 1,622 | 1,299 | 1,726 | 2,101 | |
| 0.9 | 1 | 11.6 | 17.3 | |
| 212 | 80.9 | 541 | 627 | |
| 1,816 | 2,302 | 2,370 | 2,342 | |
| 8,371 | 9,234 | 10,608 | 11,883 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 739 | 626 | 545 | 961 | |
| −476 | −966 | −1,121 | −1,168 | |
| −264 | 348 | 599 | 367 | |
| −1.6 | 7.5 | 23.7 | 160 | |
| −731 | −971 | −882 | −1,252 | |
| 7.6 | −344 | −337 | −292 | |
| −43.9 | −22 | −33 | −33 |
Shareholding pattern
- Promoters61.39%
- Public38.61%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 61.39% | 38.61% | 0.00 | |
| 30 Jun 2026 | 61.39% | 38.61% | 0.00 | |
| 31 Mar 2026 | 61.39% | 38.61% | 0.00 | |
| 31 Dec 2025 | 61.39% | 38.61% | 0.00 | |
| 30 Sep 2025 | 61.39% | 38.61% | – |
Major shareholders
Filings & events
News
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