Stallion India Fluorochemicals Ltd
Incorporated in 2002, Stallion India Fluorochemicals Limited is engaged in selling Refrigerant and Industrial Gases and related products.[1]
- Market Cap ₹ 1,713 Cr.
- Current Price ₹ 217
- High / Low ₹ 424 / 59.9
- Stock P/E 38.2
- Book Value ₹ 40.1
- Dividend Yield 0.00 %
- ROCE 19.7 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 134 days to 193 days
* 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 Industrial Gases
Part of BSE SmallCap BSE IPO BSE Allcap BSE Commodities
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 118 | 186 | 226 | 233 | 377 | 453 | |
| 104 | 153 | 208 | 209 | 330 | 390 | |
| Operating Profit | 14 | 33 | 18 | 24 | 48 | 63 |
| OPM % | 12% | 18% | 8% | 10% | 13% | 14% |
| 1 | 0 | -2 | 3 | 2 | 2 | |
| Interest | 0 | 1 | 1 | 4 | 6 | 4 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 1 |
| Profit before tax | 13 | 30 | 13 | 22 | 42 | 60 |
| Tax % | 27% | 30% | 25% | 28% | 24% | |
| 10 | 21 | 10 | 15 | 32 | 45 | |
| EPS in Rs | 8.04 | 17.23 | 1.77 | 2.52 | 4.08 | 6.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | 62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 109% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 55 | 61 | 79 | 79 |
| Reserves | 28 | 49 | 16 | 64 | 222 | 239 |
| 10 | 2 | 18 | 65 | 2 | 1 | |
| 104 | 35 | 37 | 9 | 30 | 34 | |
| Total Liabilities | 153 | 98 | 126 | 200 | 334 | 353 |
| 19 | 18 | 13 | 14 | 17 | 21 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 134 | 80 | 113 | 186 | 316 | 328 | |
| Total Assets | 153 | 98 | 126 | 200 | 334 | 353 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -8 | 8 | -3 | -73 | -13 | |
| -2 | -1 | -13 | 12 | -20 | |
| 12 | -8 | 16 | 76 | 76 | |
| Net Cash Flow | 2 | -1 | -1 | 15 | 43 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 282 | 56 | 69 | 111 | 102 |
| Inventory Days | 128 | 113 | 80 | 178 | 128 |
| Days Payable | 394 | 76 | 46 | 7 | 27 |
| Cash Conversion Cycle | 16 | 93 | 103 | 282 | 203 |
| Working Capital Days | 57 | 82 | 62 | 147 | 193 |
| ROCE % | 55% | 22% | 18% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Nov - Reaffirms FY26 revenue growth 30–35%; Bhilwara R-32 plant commercial by July 2026; ₹500 crore expected.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Nov - MA Q2 report: Rs.3.99cr excess issue expenses; total Rs.7.70cr deviation from Rs.160.73cr IPO.
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Disclosure Under Regulation 29(2) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011.
7 Nov - Promoter SHAZAD SHERIAR RUSTOMJI sold 24,28,987 shares (3.06%) via market trades Oct 29–Nov 4, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Nov - Promoter sold 1,620,987 shares raising ₹45.74 crore, infused interest-free to fund R-32 Bhilwara project.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Oct - ₹200 crore investment for 10,000 MT R-32 plant in Bhilwara; construction from Nov 1, 2025; commissioning July 2026.
Concalls
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Oct 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
Business Overview[1]
Stallion India Fluorochemicals Limited specializes in manufacturing and distributing refrigerants and specialty gases. With nearly two decades of expertise, the company blends Hydrofluorocarbons (HFCs) and Hydrofluoroolefins (HFOs) for applications across industries such as semiconductors, automotive, electronics, pharmaceuticals, fire extinguishment systems, and aerosol production.