Gujarat Fluorochemicals Ltd
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.
- Market Cap ₹ 40,900 Cr.
- Current Price ₹ 3,723
- High / Low ₹ 4,881 / 3,100
- Stock P/E 63.0
- Book Value ₹ 588
- Dividend Yield 0.08 %
- ROCE 11.0 %
- ROE 9.28 %
- Face Value ₹ 1.00
Pros
Cons
- Company has a low return on equity of 14.0% over last 3 years.
- Dividend payout has been low at 5.62% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -3.51%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE 500 BSE 200 Nifty 500 BSE MidCap BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
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2,731 | 2,496 | 2,524 | 3,813 | 5,622 | 4,022 | 4,565 | 4,654 | |
1,946 | 2,091 | 1,938 | 2,682 | 3,651 | 3,190 | 3,486 | 3,429 | |
Operating Profit | 784 | 405 | 586 | 1,131 | 1,971 | 832 | 1,079 | 1,225 |
OPM % | 29% | 16% | 23% | 30% | 35% | 21% | 24% | 26% |
76 | 195 | 178 | 163 | 181 | 114 | 111 | 60 | |
Interest | 56 | 101 | 109 | 76 | 115 | 128 | 158 | 152 |
Depreciation | 162 | 176 | 185 | 188 | 218 | 259 | 292 | 295 |
Profit before tax | 642 | 323 | 470 | 1,030 | 1,819 | 558 | 740 | 838 |
Tax % | -94% | 41% | 149% | 25% | 25% | 25% | 22% | |
1,246 | 190 | -228 | 774 | 1,356 | 419 | 575 | 649 | |
EPS in Rs | 17.29 | -20.77 | 70.47 | 123.41 | 38.12 | 52.38 | 59.08 | |
Dividend Payout % | 0% | 0% | 0% | 6% | 3% | 8% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 6% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | -9% |
TTM: | 106% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 50% |
3 Years: | -3% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 3,494 | 3,681 | 3,454 | 4,206 | 5,517 | 5,912 | 6,453 |
917 | 1,674 | 1,534 | 1,536 | 1,459 | 1,992 | 1,987 | |
410 | 590 | 864 | 1,045 | 1,289 | 1,222 | 1,185 | |
Total Liabilities | 4,831 | 5,957 | 5,863 | 6,798 | 8,276 | 9,136 | 9,635 |
2,193 | 2,305 | 2,266 | 2,433 | 3,010 | 3,606 | 3,609 | |
CWIP | 229 | 318 | 400 | 672 | 807 | 939 | 982 |
Investments | 429 | 346 | 175 | 159 | 554 | 947 | 1,046 |
1,979 | 2,987 | 3,021 | 3,534 | 3,904 | 3,644 | 3,998 | |
Total Assets | 4,831 | 5,957 | 5,863 | 6,798 | 8,276 | 9,136 | 9,635 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
799 | 534 | 619 | 777 | 787 | 658 | 617 | |
-452 | -1,160 | -373 | -662 | -534 | -1,029 | -385 | |
119 | 635 | -252 | -104 | -260 | 372 | -217 | |
Net Cash Flow | 466 | 10 | -6 | 11 | -7 | 1 | 15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 88 | 94 | 106 | 81 | 94 | 113 | 127 |
Inventory Days | 268 | 307 | 342 | 252 | 276 | 331 | 325 |
Days Payable | 111 | 158 | 198 | 164 | 164 | 156 | 147 |
Cash Conversion Cycle | 245 | 242 | 250 | 169 | 207 | 289 | 304 |
Working Capital Days | 25 | 3 | 6 | 32 | 66 | 67 | 98 |
ROCE % | 9% | 11% | 20% | 30% | 9% | 11% |
Documents
Announcements
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Intimation For Introduction Of New Generic Email Address For Investors By Registrar And Transfer Agent Of The Company
1d - RTA MUFG Intime introduced new investor email Investor.helpdesk@in.mpms.mufg.com effective 1 Oct 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Confirmation Certificate for the quarter ended 30th September, 2025
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Announcement under Regulation 30 (LODR)-Change in Management
29 Sep - AGM approved appointment of Sunil K S Chauhan as Whole-time Director effective 5 Aug 2025 for one year.
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Intimation For Appointment Of M/S TNT & Associates, Practicing Company Secretaries, As Secretarial Auditors Of The Company
29 Sep - Shareholders approved M/s TNT & Associates as Secretarial Auditors for five years from FY2025-26.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
29 Sep - 7th AGM held 29 Sep 2025 via VC; all resolutions approved; scrutinizer report enclosed.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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Aug 2020Transcript PPT
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Feb 2020Transcript PPT
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Nov 2019TranscriptNotesPPT
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.