Established in 2018 as a part of the INOX Group, Gujarat Fluorochemicals Limited, formerly Inox Fluorochemicals Limited, has swiftly become a major force in India’s chemical industry. Specializing in Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants, the company is a top-five global player in the fluoropolymers market, exporting to Europe, the Americas, Japan, and Asia.
In this article, we explore the key aspects of this dynamic entity.
About Gujarat Fluorochemicals
Gujarat Fluorochemicals Limited, a pivotal player in India’s chemical landscape, emerged in 2018 through a demerger from GFL Ltd, establishing itself as a distinct entity within the INOX Group. Specializing in Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants, it stands among the top five global influencers in the fluoropolymers market. With a diverse product portfolio spanning Fluoropolymers, Fluorospeciality chemicals, Refrigerants, and Bulk Chemicals, the company caters to various industries, including Oil and gas, Automotive, Pharmaceuticals, and more.
With strategic manufacturing units in India and Morocco and international offices, Gujarat Fluorochemicals is positioned for growth. The company’s FY23 revenue breakdown indicates a robust performance, with ~60% generated from foreign markets. With a planned capex for expansion, including a foray into the solar panel segment, and a current market cap of ₹39,844 Cr., the company’s trajectory aligns with industry demands.
As of January 5th, 2024, the stock is priced at ₹3,620 with a P/E ratio of 43.5.
Below are the trading platforms that you can use to purchase Gujarat Fluorochemicals shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 3,909.60 | 3,399.65 |
| February 2024 | 3,989.39 | 3,469.03 |
| March 2024 | 4,070.80 | 3,539.83 |
| April 2024 | 3,952.24 | 3,436.73 |
| May 2024 | 3,893.83 | 3,385.94 |
| June 2024 | 4,034.01 | 3,507.83 |
| July 2024 | 3,993.67 | 3,472.75 |
| August 2024 | 4,153.41 | 3,611.66 |
| September 2024 | 4,319.55 | 3,756.13 |
| October 2024 | 4,234.85 | 3,682.48 |
| November 2024 | 4,361.90 | 3,792.96 |
| December 2024 | 4,470.95 | 3,887.78 |
Gujarat Fluorochemicals appears poised for a promising year ahead as per the 2024 share price targets.
With an optimistic outlook, the share price is projected to reach a maximum of ₹4,470.95 and a minimum of ₹3,399.65 by the end of December 2024. This forecast suggests a potential upward trajectory, indicating favorable market sentiment and growth prospects for investors in Gujarat Fluorochemicals.
| When | Maximum Price | Minimum Price |
| January 2025 | 4,560.37 | 3,507.97 |
| February 2025 | 4,677.30 | 3,597.92 |
| March 2025 | 4,859.71 | 3,738.24 |
| April 2025 | 4,764.42 | 3,664.94 |
| May 2025 | 4,625.65 | 3,558.20 |
| June 2025 | 4,833.81 | 3,718.31 |
| July 2025 | 4,739.03 | 3,645.41 |
| August 2025 | 4,885.60 | 3,758.15 |
| September 2025 | 5,056.59 | 3,889.69 |
| October 2025 | 5,188.06 | 3,990.82 |
| November 2025 | 5,317.76 | 4,090.59 |
| December 2025 | 5,450.71 | 4,192.85 |
As Gujarat Fluorochemicals chart its course into 2025, the share price targets forecast a promising trajectory, reflecting positive market sentiments. The projections anticipate a maximum share price of ₹5,450.71 and a minimum of ₹3,507.97 by December 2025.
This optimistic outlook aligns with the company’s robust product portfolio, distinguishing itself as the sole PTFE/fluoropolymer manufacturer in India and a key supplier of fluoropolymers to Europe and the USA.
| When | Maximum Price | Minimum Price |
| January 2026 | 5,614.23 | 4,318.64 |
| February 2026 | 5,758.18 | 4,429.37 |
| March 2026 | 5,982.75 | 4,602.12 |
| April 2026 | 5,865.45 | 4,511.88 |
| May 2026 | 5,694.61 | 4,380.47 |
| June 2026 | 5,950.86 | 4,577.59 |
| July 2026 | 5,834.18 | 4,487.83 |
| August 2026 | 6,014.62 | 4,626.63 |
| September 2026 | 6,225.13 | 4,788.56 |
| October 2026 | 6,386.98 | 4,913.06 |
| November 2026 | 6,546.66 | 5,035.89 |
| December 2026 | 6,710.33 | 5,161.79 |
As Gujarat Fluorochemicals ventures into 2026, the share price targets reveal an optimistic outlook, projecting a maximum of ₹6,710.33 and a minimum of ₹4,318.64 by December 2026.
This anticipated growth aligns with the company’s strategic manufacturing units, including complexes in Dahej for Fluoropolymers and Chemicals, Ranjitnagar for Fluorospecialities, and a facility in Morocco for Fluorspar Mining and Beneficiation.
With a combined installed capacity of ~65,000 tons per annum of HCFC, ~16,200 tpa of PTFE, ~134,750 tpa of caustic soda, and ~108,500 tpa of chloro-methane, Gujarat Fluorochemicals is well-equipped to meet evolving market demands. The ongoing expansion initiatives, including de-bottlenecking PTFE capacity and creating additional capacities for New fluoropolymers, position the company for sustained growth.
| When | Maximum Price | Minimum Price |
| January 2027 | 6,844.53 | 5,265.02 |
| February 2027 | 7,020.03 | 5,400.03 |
| March 2027 | 7,293.81 | 5,610.63 |
| April 2027 | 7,150.80 | 5,500.61 |
| May 2027 | 6,942.52 | 5,340.40 |
| June 2027 | 7,254.94 | 5,580.72 |
| July 2027 | 7,112.68 | 5,471.29 |
| August 2027 | 7,332.66 | 5,640.51 |
| September 2027 | 7,589.31 | 5,837.93 |
| October 2027 | 7,786.63 | 5,989.71 |
| November 2027 | 7,981.29 | 6,139.46 |
| December 2027 | 8,180.83 | 6,292.94 |
As Gujarat Fluorochemicals strides into 2027, the share price targets reflect a robust outlook, with projections indicating a maximum of ₹8,180.83 and a minimum of ₹5,265.02 by December. This forecast suggests a continued upward trajectory, highlighting sustained market confidence in the company’s growth potential and strategic positioning.
| When | Maximum Price | Minimum Price |
| January 2028 | 8,344.44 | 6,418.80 |
| February 2028 | 8,558.40 | 6,583.39 |
| March 2028 | 8,892.18 | 6,840.14 |
| April 2028 | 8,717.82 | 6,706.02 |
| May 2028 | 8,463.91 | 6,510.70 |
| June 2028 | 8,844.78 | 6,803.68 |
| July 2028 | 8,671.35 | 6,670.27 |
| August 2028 | 8,939.54 | 6,876.57 |
| September 2028 | 9,252.42 | 7,117.25 |
| October 2028 | 9,492.99 | 7,302.30 |
| November 2028 | 9,730.31 | 7,484.86 |
| December 2028 | 9,973.57 | 7,671.98 |
- January 2028: ₹6,418.80 (Minimum)
- December 2028: ₹9,973.57 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 10,173.04 | 7,825.42 |
| February 2029 | 10,433.89 | 8,026.07 |
| March 2029 | 10,840.81 | 8,339.08 |
| April 2029 | 10,628.25 | 8,175.57 |
| May 2029 | 10,318.68 | 7,937.45 |
| June 2029 | 10,783.03 | 8,294.64 |
| July 2029 | 10,571.59 | 8,132.00 |
| August 2029 | 10,898.55 | 8,383.50 |
| September 2029 | 11,280.00 | 8,676.92 |
| October 2029 | 11,573.28 | 8,902.52 |
| November 2029 | 11,862.61 | 9,125.09 |
| December 2029 | 12,159.18 | 9,353.21 |
- January 2029: ₹7,825.42 (Minimum)
- December 2029: ₹12,159.18 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 12,402.36 | 9,540.28 |
| February 2030 | 12,720.37 | 9,784.90 |
| March 2030 | 13,216.46 | 10,166.51 |
| April 2030 | 12,957.32 | 9,967.17 |
| May 2030 | 12,579.92 | 9,676.86 |
| June 2030 | 13,146.02 | 10,112.32 |
| July 2030 | 12,888.25 | 9,914.04 |
| August 2030 | 13,286.86 | 10,220.66 |
| September 2030 | 13,751.90 | 10,578.38 |
| October 2030 | 14,109.45 | 10,853.42 |
| November 2030 | 14,462.18 | 11,124.76 |
| December 2030 | 14,823.74 | 11,402.87 |
- January 2030: ₹9,540.28 (Minimum)
- December 2030: ₹14,823.74 (Maximum)
Financial Condition Of Gujarat Fluorochemicals: Last 5 Years
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Sales | 2,729 | 2,606 | 2,650 | 3,954 | 5,685 |
| Expenses | 1,941 | 2,167 | 2,052 | 2,785 | 3,719 |
| Operating Profit | 788 | 439 | 598 | 1,168 | 1,965 |
| OPM % | 29% | 17% | 23% | 30% | 35% |
| Other Income | 78 | 190 | 199 | 161 | 172 |
| Interest | 56 | 105 | 113 | 78 | 117 |
| Depreciation | 164 | 192 | 202 | 205 | 236 |
| Profit Before Tax | 645 | 332 | 482 | 1,045 | 1,785 |
| Tax % | -93% | 43% | 146% | 26% | 26% |
| Net Profit | 1,246 | 189 | -222 | 776 | 1,323 |
| EPS (Rs.) | – | 17.87 | -19.91 | 71.66 | 120.97 |
| Dividend Payout % | 0% | 0% | 0% | 6% | 3% |
- Gujarat Fluorochemicals has exhibited consistent financial growth over the past five years.
- The company’s sales have experienced a substantial surge, increasing from 2,729 crores in March 2019 to 5,685 crores in March 2023.
- Operating profit has demonstrated remarkable growth, escalating from 788 crores to an impressive 1,965 crores during the same period.
- Operating profit margins have consistently improved, reaching 35% in March 2023.
- Despite challenges such as rising expenses and fluctuating tax percentages, Gujarat Fluorochemicals has showcased resilience by maintaining positive net profits.
- The company has also distributed dividends, with a dividend payout percentage of 3% in March 2023.
- Earnings per share (EPS) witnessed a positive trend, increasing from 17.87 in March 2020 to 120.97 in March 2023.
- Overall, these financial indicators underscore Gujarat Fluorochemicals’ robust financial standing and strategic positioning in the industry.
Emkay Global Financial, in its research report dated January 04, 2024, has given Gujarat Fluorochemicals a sell rating and set a target price of Rs 2800.
FAQs
What is Gujarat Fluorochemicals’ current market cap?
Gujarat Fluorochemicals’ current market capitalization stands at ₹39,844 Crores.
As of January 5th, 2024, the current share price of Gujarat Fluorochemicals is ₹3,620.
The projected share price for December 2024 ranges from a minimum of ₹3,399.65 to a maximum of ₹4,470.95.
The 2025 share price target ranges from a minimum of ₹3,507.97 to a maximum of ₹5,450.71.
The projected share price for December 2030 varies between ₹9,540.28 (minimum) and ₹14,823.74 (maximum).
What is Gujarat Fluorochemicals’ current Price/Earnings (P/E) ratio?
The current Price/Earnings (P/E) ratio for Gujarat Fluorochemicals is 43.5.
Does Gujarat Fluorochemicals pay dividends?
Yes, Gujarat Fluorochemicals pays dividends, with a dividend payout percentage of 3% as of March 2023.
What is Gujarat Fluorochemicals’ product portfolio?
Gujarat Fluorochemicals specializes in Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants, catering to industries such as Oil and gas, Automotive, and Pharmaceuticals, among others.
What are the key financial indicators for Gujarat Fluorochemicals in the last five years?
Key financial indicators include consistent sales growth, operating profit improvement, positive net profits, and increasing earnings per share (EPS).
How is Gujarat Fluorochemicals planning for the future, especially in terms of capacity expansion and new product offerings?
The company has planned capital expenditures for expanding capacities in Fluoropolymers, Refrigerant Gases, and Battery Chemicals, with a focus on creating additional capacities for new fluoropolymers. Additionally, the company is entering the solar panel segment in FY24.
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Established in 2018 as a pivotal arm of the INOX Group, Gujarat Fluorochemicals Limited has swiftly ascended as a powerhouse in the global chemical arena, particularly excelling in the realm of fluoropolymers. Specializing in Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants, the company boasts a versatile product portfolio catering to dynamic industries such as Oil and Gas, Automotive, and Pharmaceuticals. With strategically positioned manufacturing units in India and Morocco, complemented by a network of international offices, Gujarat Fluorochemicals showcases unwavering resilience and a substantial global presence, evident in its robust FY23 performance with a noteworthy share of revenue hailing from foreign markets.
Despite Emkay Global Financial’s sell rating, the company’s optimistic share price targets from 2024 to 2030, coupled with ambitious expansion plans, position it for enduring success. The current market capitalization of ₹39,844 Crores and a share price of ₹3,620 as of January 5th, 2024, underscore solid investor confidence. Gujarat Fluorochemicals’ strategic capital investments for expansion and foraying into the solar panel segment align with industry trends, reinforcing its upward trajectory.
In essence, Gujarat Fluorochemicals stands poised for a prosperous future, supported by its global reach, stellar financial performance, and strategic prominence in the dynamic chemical landscape.
What did we learn?
- 1 About Gujarat Fluorochemicals
- 2 How to Purchase Gujarat Fluorochemicals Shares?
- 3 Gujarat Fluorochemicals Share Price Target 2024 To 2030
- 3.1 Gujarat Fluorochemicals Share Price Target 2024
- 3.2 Gujarat Fluorochemicals Share Price Target 2025
- 3.3 Gujarat Fluorochemicals Share Price Target 2026
- 3.4 Gujarat Fluorochemicals Share Price Target 2027
- 3.5 Gujarat Fluorochemicals Share Price Target 2028
- 3.6 Gujarat Fluorochemicals Share Price Target 2029
- 3.7 Gujarat Fluorochemicals Share Price Target 2030
- 4 Financial Condition Of Gujarat Fluorochemicals: Last 5 Years
- 5 Emkay Global Financial on Gujarat Fluorochemicals Share Price Target
- 6 FAQs
- 6.1 What is Gujarat Fluorochemicals’ current market cap?
- 6.2 What is the current share price of Gujarat Fluorochemicals?
- 6.3 What is the 2024 share price target range for Gujarat Fluorochemicals?
- 6.4 What is the share price target for Gujarat Fluorochemicals in 2025?
- 6.5 What is the forecasted share price range for Gujarat Fluorochemicals in 2030?
- 6.6 What is Gujarat Fluorochemicals’ current Price/Earnings (P/E) ratio?
- 6.7 Does Gujarat Fluorochemicals pay dividends?
- 6.8 What is Gujarat Fluorochemicals’ product portfolio?
- 6.9 What are the key financial indicators for Gujarat Fluorochemicals in the last five years?
- 6.10 How is Gujarat Fluorochemicals planning for the future, especially in terms of capacity expansion and new product offerings?
- 7 Conclusion: Gujarat Fluorochemicals – Navigating Growth, Resilience, and Global Excellence in the Chemical Industry
