Live Gujarat Fluorochemicals Share Price Chart

O 3125

H 3125

L 3125

VOL 38

Gujarat Fluorochemicals Performance

Days Range

Low: ₹3,112.55
High: ₹3,158.00
Previous Close ₹3,123.05
Open ₹3,125.00
Volume 15,275
Day’s Range ₹3,112.55 - ₹3,158.00
52W Range ₹2,537.00 - ₹3,920.00
Market Cap ₹34,368 Cr

Gujarat Fluorochemicals Fundamentals

ROCE (TTM) 9.05
P/E Ratio (TTM) 79.03
P/B Ratio 5.79
Industry P/E 47.77
Debt to Equity 0.35
ROE 7.33
EPS (TTM) 39.59
Dividend Yield 0.1
Book Value 540.4
Face Value 1

Gujarat Fluorochemicals Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Net Sales1,209.26946.79991.741,133.03
Expenses926.87851.25857.42976.63
Profit before tax268.9574.85110.27141.02
Operating Profit201.1552.7480.09100.97
Net Profit201.1552.7480.09100.97
EPS in Rs18.314.87.299.19

About Gujarat Fluorochemicals

History

Gujarat Fluorochemicals was incorporated in 1987 as a refrigerant producer. The following year, it set up a manufacturing plant to produce Chlorofluorocarbon refrigerant gases and Hydrofluoric acids in Gujarat. In 1989, the company commenced its commercial operations and commissioned another plant in Vadodara. It also collaborated with Stauffer Chemicals Pennwalt Corporation and Stearns Catalytic Corporation from the US.

In 1999, the company diversified into the entertainment industry by opening a chain of multiplexes across India under Inox Leisure Ltd. In 2006, the company began developing a clean development mechanism project involving the thermal oxidation of HFC-23, a by-product of the refrigerant gas production process and received the UNFCCC’s carbon credits. In 2007, the company set up a chemical complex at Dahej, Gujarat, which included a captive power plant, a caustic soda and chlorine plant, a chloromethane plant and a polytetrafluoroethylene plant. In 2009, the company further diversified into the wind energy industry through Inox Wind Ltd.

In 2011, the company entered into a joint venture for a fluorspar beneficiation project to produce acid-grade and metallurgical-grade fluorspar. The company launched its own brand of fluoroelastomers named Fluonox in 2015. The following year, it launched another brand, Inoflon, for FEP and PFA products. In 2023, the company developed PVDF grades suitable for cathode binder applications. It also developed Green NFPA, ie. a greener surfactant, specifically for certain selected grades of PTFE and PVDF.

Business Segments

The company operates in the following segments:

  1. Fluoropolymers: These include polytetrafluoroethylene (PTFE) chemicals such as Micro Powders, Polyvinylidene Fluoride (PVDF), Fluorinated Ethylene Propylene (FEP), FKM, PPA, etc. This segment brought in 52.1% of the total revenue from operations in FY 2023.
  2. Fluorochemicals: These are speciality chemicals like refrigerant gases which brought in 27% of the revenue from operations in FY 2023.
  3. Bulk Chemicals: These chemicals include Caustic Soda, Chloroform, Methylene Di Chloride, Carbon Tetrachloride (CTC), etc., which brought in 19.3% of the revenue of FY 2023.

40.5% of its revenues come from India. 27% is from the USA, and the rest is from Europe and the rest of the world.

Subsidiaries

The company has 7 subsidiaries as of 31st March, 2023. Some of these include:

  1. Gujarat Fluorochemicals Singapore Pte Limited – This company handles the trading and distribution of products in Singapore.
  2. GFCL EV Products Limited – This company manages the downstream handling of EV industry-related products.
  3. Gujarat Fluorochemicals Americas LLC, USA – This subsidiary handles the distribution of products in the USA.

Key Personnel

Mr Devendra Kumar Jain, Chairman and MD

Mr Jian is the founder of the Inox Group of Companies and occupies the position of Chairman and MD for Gujarat Fluorochemicals Ltd., a subsidiary of Inox Leasing & Finance Ltd. He is an Associate member of the World Economic Forum, among other things.

Corporate Actions

The company has not conducted any corporate actions in recent years.

Mergers and Acquisitions

  • During the Financial Year 2022-23, the Holding Company, through its wholly-owned subsidiary Gujarat Fluorochemicals Singapore Pte. Limited acquired 26% of the shareholding in GFL GM Fluorspar SA, Morocco.
Parent Organisation INOX
Founded 2018
Managing Director DEVENDRA KUMAR JAIN
NSE Symbol FLUOROCHEM

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Linde India Ltd ₹71,355.06

8369

7.65 (-0.09%)

8035 - 8559.95View Peer Comparison
Deepak Nitrite Ltd ₹31,368.35

2276

23.45 (-1.02%)

2267 - 2298View Peer Comparison
SRF Ltd ₹67,589.31

2259.25

20.75 (-0.91%)

2253 - 2281.85View Peer Comparison
Pidilite Industries Ltd ₹154,970.72

3041.25

6.60 (-0.22%)

3015 - 3050View Peer Comparison
Asahi Songwon Colors Ltd ₹427.88

380

18.70 (5.18%)

354.55 - 386.45View Peer Comparison

What's Trending

Gujarat Fluorochemicals FAQs

What is the Share price of Gujarat Fluorochemicals (FLUOROCHEM)?

Gujarat Fluorochemicals (FLUOROCHEM) share price as of May 29, 2024, on NSE is Rs 3,135.90 (NSE) and Rs 3,136.50 (BSE) on BSE.

Can I buy Gujarat Fluorochemicals (FLUOROCHEM) shares?

Yes, You can buy Gujarat Fluorochemicals (FLUOROCHEM) shares by opening a Demat account with Angel One.

How do I buy Gujarat Fluorochemicals (FLUOROCHEM) from Angel One?

Gujarat Fluorochemicals (FLUOROCHEM) share can be brought through the following modes:
  1. Direct investment: You can buy Gujarat Fluorochemicals (FLUOROCHEM) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Gujarat Fluorochemicals (FLUOROCHEM) shares.

Is Gujarat Fluorochemicals a Debt free Company?

No, Gujarat Fluorochemicals is not a debt free company.

What is the main business of Gujarat Fluorochemicals?

The main business of Gujarat Fluorochemicals is to manufacture fluoropolymers, refrigerants, fluoro specialities, and chemicals. It is also involved in wind energy and renewables.

Who are the promoters of Gujarat Fluorochemicals?

The top promoters of Gujarat Fluorochemicals are Inox Leasing and Finance Ltd., Devansh Trademart, and Siddhapavan Trading LLP.

What are the Subsidiaries that comes under Gujarat Fluorochemicals?

The main subsidiaries that come under Gujarat Fluorochemicals are Gujarat Fluorochemicals Americas LLC, Gujarat Fluorochemicals FZE, GFL GM Fluorspar (SA), Gujarat Fluorochemicals GmbH, Gujarat Fluorochemicals Singapore Pte Limited, GFCL Solar and Green Hydrogen Products Limited, and GFCL EV Products Limited.