Gujarat Fluorochemicals Ltd. (FLUOROCHEM) AI Stock Analysis

• Market Cap: ₹379.02B
• Dividend Yield: 0.08%
• Average Volume (3M): 7.22K
• Price to Earnings (P/E): 55.7
• Beta (1Y): 0.67
• Revenue Growth: 8.36%
• EPS Growth: 65.83%
• Country: IN
• Employees: 3,242
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): 16.30
• Shares Outstanding: 109,850,000
• 10 Day Avg. Volume: 14,341
• 30 Day Avg. Volume: 7,224
• PEG Ratio: 3.16
• Price to Book (P/B): 6.09
• Price to Sales (P/S): 9.32
• P/FCF Ratio: -98.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹3,833.00 ▲(4.89% Upside)

The overall stock score of 60 reflects strong financial performance with growth and profitability, but is offset by liquidity concerns and high valuation. Technical indicators suggest a lack of strong momentum, with potential for a short-term reversal.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and effective sales strategies, supporting long-term business sustainability.

Stable Capital Structure

A stable capital structure with low leverage enhances financial flexibility and reduces risk, supporting long-term growth and stability.

Profitability Improvement

Improved profitability metrics like ROE indicate efficient use of equity capital, enhancing shareholder value and supporting sustainable growth.

Negative Factors

Liquidity Risks

High capital expenditures and negative free cash flow can strain liquidity, limiting the company's ability to invest in growth opportunities.

Volatility in Revenue Growth

Inconsistent revenue growth can indicate market or operational challenges, potentially impacting long-term financial performance.

Negative Free Cash Flow

Negative free cash flow may limit the company's ability to fund operations and growth internally, increasing reliance on external financing.

Gujarat Fluorochemicals Ltd. Business Overview & Revenue Model

Company Description

Gujarat Fluorochemicals Limited engages in the manufacture and trading of refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoromonomers, specialty fluorointermediates, specialty chemicals, and allied activities in India, Europe, the United States, and internationally. It provides carbon tetrachloride, chlorine, methylene di chloride, hydrochloric acid, sodium hydrogen sulphate, hydrogen gas, fluorspar, and chloroform. The company offers its products under the Inoflon, Fluonox, Inoflar, Inolub, and Refron brands. Gujarat Fluorochemicals Limited exports its products to approximately 75 countries. The company was formerly known as Inox Fluorochemicals Limited and changed its name to Gujarat Fluorochemicals Limited in July 2019. The company was incorproated in 1987 and is headquartered in Noida, India. Gujarat Fluorochemicals Limited operates as a subsidiary of Inox Leasing and Finance Limited.

How the Company Makes Money

Gujarat Fluorochemicals generates revenue primarily through the sale of its fluorochemical products, including refrigerants and specialty fluoropolymers. The company's revenue model is based on both domestic and international sales, with a significant portion of its income derived from export markets. Key revenue streams include long-term contracts with major industrial clients and sales to various sectors such as HVAC, automotive, and pharmaceuticals. Additionally, FLUOROCHEM benefits from strategic partnerships and collaborations with global players in the chemical industry, enhancing its market reach and operational efficiency. The company also invests in research and development to innovate and expand its product offerings, which contributes to its competitive edge and revenue growth.

Gujarat Fluorochemicals Ltd. Financial Statement Overview

Summary

Gujarat Fluorochemicals Ltd. demonstrates strong revenue growth and profitability, supported by a stable capital structure. However, potential liquidity risks are present due to high capital expenditures and negative free cash flow.

Income Statement

Gujarat Fluorochemicals Ltd. has shown a solid revenue growth trajectory over the past few years, with total revenue increasing from ₹26,504.97 crore in 2021 to ₹47,370 crore in 2025. The gross profit margin has been fairly stable, but there was a significant drop in gross profit in 2025 compared to the previous year. The net profit margin improved in 2025, indicating better cost management despite the revenue dip. EBIT and EBITDA margins indicate a strong operational performance, but the volatility in revenue growth rates suggests potential risks.

Balance Sheet

The company's balance sheet indicates a robust capital structure with stockholders' equity increasing consistently. The debt-to-equity ratio is relatively low, suggesting conservative leverage practices. However, the equity ratio has seen some fluctuations, indicating changes in asset financing. ROE has improved, reflecting better profitability for shareholders. Overall, the company maintains a strong financial position, though occasional leverage increases could pose risks.

Cash Flow

The cash flow analysis reveals some concerns, particularly with negative free cash flow in recent years, driven by high capital expenditures. Although operating cash flow remains positive, the free cash flow to net income ratio indicates potential liquidity challenges. The operating cash flow to net income ratio is also below optimal levels, suggesting that net income does not fully translate into cash generation. Despite these challenges, the company has shown resilience in managing investing and financing activities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	48.42B	47.37B	42.81B	56.85B	39.54B	26.50B
Gross Profit	23.87B	23.10B	19.72B	30.62B	19.77B	12.46B
EBITDA	11.42B	10.91B	8.95B	19.62B	11.73B	5.95B
Net Income	6.22B	5.46B	4.35B	13.29B	7.87B	-2.19B
Balance Sheet
Total Assets	0.00	106.09B	92.34B	83.71B	68.78B	59.69B
Cash, Cash Equivalents and Short-Term Investments	5.01B	5.01B	1.98B	1.61B	1.72B	899.13M
Total Debt	0.00	20.80B	20.96B	15.15B	15.53B	15.86B
Total Liabilities	-72.99B	33.10B	32.98B	28.51B	26.48B	24.90B
Stockholders Equity	72.99B	72.53B	59.36B	55.21B	42.55B	34.93B
Cash Flow
Free Cash Flow	0.00	-4.47B	-3.44B	75.40M	673.53M	3.43B
Operating Cash Flow	0.00	3.83B	6.26B	7.39B	7.41B	6.16B
Investing Cash Flow	0.00	-11.38B	-9.66B	-4.76B	-5.84B	-3.73B
Financing Cash Flow	0.00	7.79B	3.48B	-2.64B	-1.44B	-2.48B

Gujarat Fluorochemicals Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3654.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FLUOROCHEM, the sentiment is Negative. The current price of 3654.3 is above the 20-day moving average (MA) of 3575.91, above the 50-day MA of 3540.18, and above the 200-day MA of 3638.19, indicating a bearish trend. The MACD of -2.61 indicates Positive momentum. The RSI at 39.20 is Neutral, neither overbought nor oversold. The STOCH value of 15.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FLUOROCHEM.

Gujarat Fluorochemicals Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATUL	64 Neutral	₹178.86B	32.99	―	0.41%	16.46%	43.59%
NAVINFLUOR	64 Neutral	₹292.10B	64.27	―	0.23%	30.05%	70.18%
DEEPAKFERT	62 Neutral	₹152.26B	15.47	―	0.80%	21.68%	45.18%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FLUOROCHEM	60 Neutral	₹379.02B	55.74	―	0.08%	8.36%	65.83%
TATACHEM	54 Neutral	₹190.37B	86.53	―	1.42%	-1.99%	―
DEEPAKNTR	52 Neutral	₹217.84B	40.99	―	0.44%	-7.50%	-37.67%

Gujarat Fluorochemicals Ltd. Corporate Events

Gujarat Fluorochemicals Files SEBI Dematerialisation Compliance Certificate for Q3 FY2025-26

Gujarat Fluorochemicals Limited has submitted to the stock exchanges a confirmation certificate for the quarter ended 31 December 2025 under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Its registrar and transfer agent, MUFG Intime India Private Limited, has certified that all securities received for dematerialisation during the quarter were duly verified, accepted or rejected as appropriate, listed on the relevant exchanges, and that corresponding physical certificates were mutilated, cancelled and replaced in the register of members within prescribed timelines, underscoring ongoing compliance with depository and listing norms for shareholders’ holdings.

Gujarat Fluorochemicals Announces Key Leadership Appointments and Structural Changes

Gujarat Fluorochemicals Limited announced the successful passing of resolutions through a postal ballot, including the appointment of two directors and an alteration to the Articles of Association. These resolutions, approved by a requisite majority, signify strategic leadership changes and potential structural adjustments within the company, which may influence its operational dynamics and stakeholder relations.

Gujarat Fluorochemicals Amends Articles of Association

Gujarat Fluorochemicals Limited has announced an amendment to its Articles of Association, approved by shareholders through a special resolution. This change specifies that the Managing Director, Deputy Managing Director, and Independent Directors will not be subject to retirement by rotation, aligning with Section 152 of the Companies Act, 2013, while other directors will retire by rotation. This amendment may impact the company’s governance structure and influence its strategic direction.

Gujarat Fluorochemicals Reports Zero Share Transfer Requests in October

Gujarat Fluorochemicals Limited has reported to the stock exchanges that no requests were received or processed for the re-lodgement of transfer requests for physical shares in October 2025. This update follows the SEBI circular providing a special window for such requests, indicating no immediate impact on the company’s operations or stakeholder interests.