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16 Jul 2025 |
Gujarat Fluorochemicals
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Consensus Share Price Target
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3443.90 |
3906.45 |
- |
13.43 |
hold
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27 May 2025
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Gujarat Fluorochemicals
|
Prabhudas Lilladhar
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3443.90
|
3541.00
|
3988.30
(-13.65%)
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Target met |
Sell
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Gujarat Fluorochemicals reported consolidated revenue from operations of Rs12.3bn, marking an 8.1% YoY and 6.7% QoQ increase. This growth was primarily driven by an 11% YoY rise in the Fluoropolymers segment, attributed...
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22 Feb 2025
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Gujarat Fluorochemicals
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ICICI Securities Limited
|
3443.90
|
4160.00
|
3704.30
(-7.03%)
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20.79 |
Buy
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Gujarat Fluorochemicals (GFL) is at the cusp of inflection in earnings growth with revenue / EBITDA / PAT CAGR estimated at 20.4%/ 33.4%/ 46% over FY25-27E.
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29 Jan 2025
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Gujarat Fluorochemicals
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Prabhudas Lilladhar
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3443.90
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3190.00
|
3536.90
(-2.63%)
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7.37 |
Sell
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02 Dec 2024
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Gujarat Fluorochemicals
|
Emkay
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3443.90
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3800.00
|
4054.40
(-15.06%)
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Target met |
Sell
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GFL highlighted its growth plans at the group level under InoxGFL group which include the chemicals and wind energy businesses. Management expects the group’s EBITDA to quadruple over coming 3 years led by ramp up in both, battery chemicals and renewable energy businesses.
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08 May 2024
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Gujarat Fluorochemicals
|
ICICI Direct
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3443.90
|
3970.00
|
3306.70
(4.15%)
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Target met |
Buy
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07 May 2024
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Gujarat Fluorochemicals
|
Emkay
|
3443.90
|
2800.00
|
3508.55
(-1.84%)
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Target met |
Sell
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GFL’s Q4 EBITDA fell 54% YoY to Rs2.4bn (+15% QoQ) on sluggish performance in the bulk and fluorochemicals businesses. Fluoropolymers business is seeing sequential recovery in volumes on a lower base.
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07 May 2024
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Gujarat Fluorochemicals
|
Prabhudas Lilladhar
|
3443.90
|
3120.00
|
3508.55
(-1.84%)
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Target met |
Sell
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05 Nov 2023
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Gujarat Fluorochemicals
|
ICICI Securities Limited
|
3443.90
|
3225.00
|
2764.80
(24.56%)
|
Target met |
Buy
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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.
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08 Aug 2023
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Gujarat Fluorochemicals
|
ICICI Securities Limited
|
3443.90
|
3570.00
|
2788.80
(23.49%)
|
Target met |
Buy
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Gujarat Fluorochemicals’ (GFL) Q1FY24 EBITDA at INR 3.5bn was down 24% YoY. It was impacted by: 1) lower realisation for bulk chemicals where entire revenue loss flows down to PBT, and 2) lower fluoropolymers volumes which led to under-absorption of fixed costs.
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06 May 2023
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Gujarat Fluorochemicals
|
ICICI Securities Limited
|
3443.90
|
3950.00
|
3393.00
(1.50%)
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Buy
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Gujarat Fluorochemicals’ (GFL) Q4FY23 EBITDA at Rs5.3bn, up 60% YoY, was broadly in line with our estimates and was impacted by lower realisation across businesses – bulk chemicals, ref-gas and fluoropolymers. Revenue / EBITDA benefited from rise in volumes for R-125, and new fluoropolymers.
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08 Feb 2023
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Gujarat Fluorochemicals
|
ICICI Securities Limited
|
3443.90
|
4250.00
|
2950.85
(16.71%)
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Buy
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Gujarat Fluorochemicals’ (GFL) Q3FY23 EBITDA at Rs5.2bn, up 64% YoY, was broadly in line with our estimates. We particularly like the decline in bulk chemical contribution to 20.1% of total revenues, and we believe this would further decline in tandem with increasing revenues from fluoropolymers and battery chemicals, which have durable high-growth potential over the next few years.
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30 Jan 2023
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Gujarat Fluorochemicals
|
ICICI Securities Limited
|
3443.90
|
4270.00
|
2602.95
(32.31%)
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Buy
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Fluoropolymers business is likely to undergo a major shake-up from rising regulatory concerns due to use of PFAS class products. This could potentially lead to a huge opportunity for Gujarat Fluorochemicals (GFL) and address one of the key concerns on the company about durability of growth in fluoropolymers business.
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26 Dec 2022
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Gujarat Fluorochemicals
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ICICI Securities Limited
|
3443.90
|
4270.00
|
2769.00
(24.37%)
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Buy
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Gujarat Fluorochemicals’ (GFL) stock price has corrected 21% in the past one-month, and 25% in the past three months while fundamentals remain robust with opportunities expanding.
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20 Oct 2022
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Gujarat Fluorochemicals
|
ICICI Securities Limited
|
3443.90
|
4270.00
|
3717.70
(-7.36%)
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Buy
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Gujarat Fluorochemicals’ (GFL) Q2FY23 EBITDA at Rs5.4bn, up 16.8% QoQ / 81% YoY, was 7% above our estimates.
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26 Sep 2022
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Gujarat Fluorochemicals
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ICICI Securities Limited
|
3443.90
|
4270.00
|
3696.50
(-6.83%)
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Buy
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We hosted Gujarat Fluorochemicals (GFL) management for an investor meet in Mumbai.
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02 Dec 2021
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Gujarat Fluorochemicals
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ICICI Securities Limited
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3443.90
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3086.00
|
2315.35
(48.74%)
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Target met |
Buy
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We initiate coverage on Gujarat Fluorochemicals (GFL) with a BUY rating and target price of Rs3,086 (upside 50% from CMP). GFL is in a sweet spot with its presence in fluoropolymers, demand for which is increasing driven by the new-age verticals of battery, solar panel and green hydrogen.
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