Gujarat Fluorochemicals Ltd

Gujarat Fluoroch Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat Fluorochemicals Ltd

₹ 3,669 0.31%
26 Apr 4:02 p.m.
gfl.co.in BSE: 542812 NSE : FLUOROCHEM
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.

Website BSE NSE
  • Market Cap ₹ 40,315 Cr.
  • Current Price ₹ 3,669
  • High / Low ₹ 3,920 / 2,537
  • Stock P/E 60.6
  • Book Value ₹ 524
  • Dividend Yield 0.11 %
  • ROCE 29.6 %
  • ROE 27.0 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 7.01 times its book value
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.56%

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
634 840 912 964 1,004 1,074 1,334 1,461 1,418 1,471 1,209 947 992
492 645 657 668 688 742 875 926 895 942 861 784 786
Operating Profit 142 195 255 296 315 331 459 536 523 529 348 163 206
OPM % 22% 23% 28% 31% 31% 31% 34% 37% 37% 36% 29% 17% 21%
43 36 26 46 32 27 26 24 21 19 15 14 13
Interest 28 23 25 20 20 13 21 23 38 35 28 34 37
Depreciation 52 50 50 51 52 52 55 57 60 64 66 68 72
Profit before tax 107 158 206 271 275 293 409 480 446 449 269 75 110
Tax % 551% 30% 27% 24% 27% 25% 26% 26% 26% 26% 25% 30% 27%
-481 110 151 205 201 218 303 357 331 332 201 53 80
EPS in Rs -43.74 10.27 14.00 18.86 18.63 20.17 27.88 32.88 29.99 30.21 18.31 4.80 7.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,729 2,606 2,650 3,954 5,685 4,619
1,941 2,167 2,052 2,785 3,719 3,373
Operating Profit 788 439 598 1,168 1,965 1,246
OPM % 29% 17% 23% 30% 35% 27%
78 190 199 161 172 60
Interest 56 105 113 78 117 134
Depreciation 164 192 202 205 236 269
Profit before tax 645 332 482 1,045 1,785 903
Tax % -93% 43% 146% 26% 26%
1,246 189 -222 776 1,323 666
EPS in Rs 17.87 -19.91 71.66 120.97 60.61
Dividend Payout % -0% -0% -0% 6% 3%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 87%
TTM: -45%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 67%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11
Reserves 3,499 3,705 3,482 4,244 5,510 5,740
968 1,718 1,591 1,556 1,515 1,664
441 634 885 1,067 1,335 1,223
Total Liabilities 4,919 6,067 5,969 6,878 8,371 8,638
2,305 2,414 2,367 2,514 3,111 3,391
CWIP 229 318 400 680 1,158 1,376
Investments 342 259 88 20 1 1
2,042 3,076 3,114 3,665 4,101 3,870
Total Assets 4,919 6,067 5,969 6,878 8,371 8,638

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
782 546 616 741 739
-428 -1,152 -373 -584 -476
110 622 -248 -144 -264
Net Cash Flow 464 17 -5 14 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 77 79 92 72 71
Inventory Days 351 390 404 314 375
Days Payable 127 176 202 170 174
Cash Conversion Cycle 301 293 294 216 272
Working Capital Days 116 146 171 137 146
ROCE % 9% 11% 20% 30%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.37% 67.65% 66.35% 66.08% 66.08% 66.08% 63.80% 63.80% 63.80% 63.80% 63.80% 63.80%
2.20% 3.37% 3.78% 4.19% 4.10% 4.99% 5.75% 4.85% 6.44% 4.82% 4.58% 4.51%
4.90% 4.11% 4.05% 4.30% 4.25% 3.90% 4.25% 5.87% 5.86% 7.68% 8.59% 8.76%
24.53% 24.87% 25.82% 25.43% 25.57% 25.04% 26.19% 25.47% 23.88% 23.69% 23.01% 22.91%
No. of Shareholders 19,97639,57847,40744,32044,88244,36555,05461,98366,60080,61071,17867,328

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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