3424.1000 0.70 (0.02%)
NSE Jul 17, 2025 09:57 AM
Volume: 7,771
 

3424.10
0.02%
ICICI Securities Limited
Gujarat Fluorochemicals’ (GFL) Q2FY24 EBITDA at INR 1.6bn and EBITDA margin at 17.2% indicate dismal performance. Earnings were impacted by compression in gross margin, and lower absorption of fixed cost. However, we continue to like its business on two counts – 1) rising opportunity in fluoropolymers where change in industry structure can provide huge benefits for GFL; and 2) battery solutions where company is planning to cater demand of 30-40% cell producers with integrated electrolyte facility, cathode active material and PVDF blinder.
Gujarat Fluorochemicals Ltd. is trading below all available SMAs
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