Gujarat Fluorochemicals share price
NSE: FLUOROCHEMBSE: 542812Chemicals & PetrochemicalsMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹4,235.70.
28 Oct: open ₹4,230.00, high ₹4,323.90, low ₹4,219.50
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹46,874 Cr230th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 76.22
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.96
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.07%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 8.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.28
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 59,29849.4% delivered
About Gujarat Fluorochemicals
Gujarat Fluorochemicals Limited makes fluoropolymers (plastics that resist heat, chemicals and wear), refrigerant gases, fluorine-based specialty chemicals and industrial chemicals, and is building a battery materials business.12 Its customers range from automotive, pharmaceutical and agrochemical makers to electric vehicle, semiconductor and clean energy industries, in India, Europe and the US.13 Its main manufacturing plants are in Gujarat, and it mines fluorspar (the mineral from which fluorine is made) in Morocco.4
Its fluoropolymers include PTFE, PFA, FEP, FKM and PVDF, its refrigerants are R32, R22, R125 and R410A, and its fluorospecialty chemicals go into agrochemicals, pharmaceuticals and electronics.435 Subsidiaries in the US and Germany trade and warehouse its fluoropolymers, and one in Dubai trades and processes refrigerants and polymers.6 Its subsidiary GFCL EV Products Limited, 96.89% owned at the end of March 2026, makes battery chemicals for electric vehicles.7
The business was established in 1987 and is headquartered in Noida.8 The present company was incorporated in 2018 and acquired the chemicals business through a demerger.910 Its founder, Devendra Kumar Jain, died on 29 December 2025.11
Its promoter, Inox Leasing and Finance Limited, held 52.61% of the shares at the end of March 2026.12 It belongs to the INOXGFL Group, whose other listed companies are Inox Wind Limited and Inox Green Energy Services Limited, and Vivek Jain is its Chairman and Managing Director.413
Gujarat Fluorochemicals key points
Results
- In the quarter to Jun 2026, consolidated revenue rose 24% to ₹1,588 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 24% to ₹428 crore; profit after tax was ₹219 crore.14
- In the year to Mar 2026, consolidated revenue rose 5% to ₹4,996 crore, EBITDA 12% to ₹1,291 crore and profit after tax 5% to ₹574 crore.15
Business segments
- Chemicals. Bulk chemicals, fluorochemicals and fluoropolymers. Revenue was ₹5,029.59 crore and EBITDA ₹1,371.20 crore in the year to Mar 2026; in the quarter to Jun 2026, revenue rose 23% to ₹1,574 crore and EBITDA 29% to ₹458 crore.161718
- EV Products. Battery chemicals. Revenue was ₹33.22 crore and EBITDA a loss of ₹80.49 crore in the year to Mar 2026.1617
Revenue mix
- Sales of products by type, year to Mar 2026192021No single customer accounted for more than 10% of revenue in the year to Mar 2026.
Item year to Mar 2026 Fluoropolymers ₹3,148.78 crore Fluorochemicals ₹1,073.64 crore Bulk chemicals ₹637.39 crore Battery chemicals ₹15.65 crore - Revenue growth in the quarter to Jun 2026, against a year earlier2223The company said fluorochemicals growth came mainly from R32 refrigerant sales.
Item quarter to Jun 2026 Fluorochemicals 52% Fluoropolymers 15% Bulk chemicals 11%
Plants and capacity
- Its 3 plants in India are at Ranjitnagar, which makes specialty chemicals and refrigerants, and at Dahej and Jolva, which make fluoropolymers, bulk chemicals and newer materials, with the battery materials complex at Jolva.252627
- Ranjitnagar was commissioned in 1989 and Dahej in 2007.28
- Production and sales of R32 refrigerant began in March 2026, and the company is doubling its 10,000-tonne capacity to 20,000 tonnes.29
- On its earnings call of 12 Aug 2026, the company said its R32 capacity was at peak use and the expansion was expected to be commissioned in the quarter to Sep 2026; its documents give no outcome.30
Battery materials
- Commercial supplies of LiPF6 (the lithium salt in battery electrolyte) began in December 2025, and the plant for LFP cathode active material (the positive-electrode material of lithium iron phosphate batteries) has been commissioned, with samples sent to customers.31
- On its earnings call of 12 Aug 2026, the company said it would probably see cathode active material revenue towards the end of the year to Mar 2027.32
- The company stated in its annual report for the year to Mar 2026 that it is adding a natural graphite anode (negative-electrode) material facility, which would let it address nearly 70% of the value of an LFP battery cell.33
- On its earnings call of 12 Aug 2026, the company said it had put its planned battery materials project in Oman on hold, citing geopolitical delays, moving that capacity to India; its annual report of 27 Aug 2026 still described the project as progressing.3435
Expansion and capital spending
- On its earnings call of 12 Aug 2026, the company said its capital spending plan for the EV business in the year to Mar 2027 is ₹2,300 crore.36
- The company stated in its annual report for the year to Mar 2026 that chemicals spending in the year to Mar 2027 includes ₹250 crore for new fluoropolymer capacity, ₹222 crore for high-purity electronic chemicals for semiconductor makers and ₹150 crore for refrigerant capacity.37
- The company stated in its annual report for the year to Mar 2026 that it plans to invest ₹6,000 crore in GFCL EV by Mar 2028, with about ₹1,900 crore to ₹2,000 crore already deployed, targeting EBITDA margins over 25%.35
- In its exchange filing of 29 Jun 2026, the company said it plans to add R134A refrigerant capacity to use its full quota under the Kigali Amendment, a global pact to phase down hydrofluorocarbon refrigerants. On 12 Aug 2026 it expected commissioning by Mar 2027.3839
Recent events
- On 9 Jul 2026, BSE and NSE issued no-objection letters for a draft scheme of arrangement (a restructuring that needs tribunal approval) between its holding company Inox Leasing and Finance Limited, Inox Holdings and Investments Limited and the company; its documents give no later status.40
- On 26 Jun 2026, the company incorporated a wholly owned subsidiary, GFCL Semiconductor and Advanced Materials Limited, for specialty chemicals and semiconductor devices.4142
- On 26 Mar 2026, CRISIL Ratings reaffirmed its AA+/Stable long-term and A1+ short-term credit ratings (grades of the ability to repay debt) on the company's ₹3,000 crore of bank facilities.4344
Last updated
All 44 sources, each with its page
- 1. Annual report, 27 Aug 2026, page 81
- 2. Annual report, 27 Aug 2026, page 14
- 3. Exchange filing, 29 Jun 2026, page 2
- 4. Exchange filing, 29 Jun 2026, page 3
- 5. Annual report, 27 Aug 2026, page 17
- 6. Annual report, 27 Aug 2026, page 9
- 7. Annual report, 27 Aug 2026, page 232
- 8. Annual report, 27 Aug 2026, page 81
- 9. Annual report, 27 Aug 2026, page 4
- 10. Annual report, 27 Aug 2026, page 150
- 11. Annual report, 27 Aug 2026, page 3
- 12. Annual report, 27 Aug 2026, page 164
- 13. Annual report, 27 Aug 2026, page 5
- 14. Earnings call, 12 Aug 2026, page 3
- 15. Annual report, 27 Aug 2026, page 18
- 16. Annual report, 27 Aug 2026, page 221
- 17. Annual report, 27 Aug 2026, page 221
- 18. Earnings call, 12 Aug 2026, page 3
- 19. Annual report, 27 Aug 2026, page 221
- 20. Annual report, 27 Aug 2026, page 221
- 21. Annual report, 27 Aug 2026, page 221
- 22. Earnings call, 12 Aug 2026, page 4
- 23. Earnings call, 12 Aug 2026, page 5
- 24. Annual report, 27 Aug 2026, page 11
- 25. Annual report, 27 Aug 2026, page 10
- 26. Annual report, 27 Aug 2026, page 81
- 27. Investor presentation, 12 Aug 2026, page 24
- 28. Investor presentation, 12 Aug 2026, page 20
- 29. Annual report, 27 Aug 2026, page 19
- 30. Earnings call, 12 Aug 2026, page 4
- 31. Annual report, 27 Aug 2026, page 81
- 32. Earnings call, 12 Aug 2026, page 7
- 33. Annual report, 27 Aug 2026, page 19
- 34. Earnings call, 12 Aug 2026, page 11
- 35. Annual report, 27 Aug 2026, page 34
- 36. Earnings call, 12 Aug 2026, page 10
- 37. Annual report, 27 Aug 2026, page 19
- 38. Exchange filing, 29 Jun 2026, page 2
- 39. Earnings call, 12 Aug 2026, page 4
- 40. Exchange filing, 10 Jul 2026, page 1
- 41. Exchange filing, 26 Jun 2026, page 1
- 42. Exchange filing, 26 Jun 2026, page 2
- 43. Exchange filing, 27 Mar 2026, page 1
- 44. Exchange filing, 27 Mar 2026, page 2
Results
Consolidated; ₹ crore.Gujarat Fluorochemicals quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +9.5%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −1.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,588 Crup 16.00%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹219 Crup 100.92%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 13.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,188 | 1,148 | 1,225 | 1,281 | 1,210 | 1,136 | 1,369 | 1,588 |
| Net profit | 121 | 126 | 191 | 184 | 179 | 102 | 109 | 219 |
| Net margin | 10.2% | 11.0% | 15.6% | 14.4% | 14.8% | 9.0% | 8.0% | 13.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,996 Crup 5.47%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹574 Crup 5.13%
- Net margin
- 11.5%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,606 | 2,651 | 3,954 | 5,685 | 4,281 | 4,737 | 4,996 |
| Net profit | 189 | −222 | 776 | 1,323 | 435 | 546 | 574 |
| Net margin | 7.3% | −8.4% | 19.6% | 23.3% | 10.2% | 11.5% | 11.5% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- ChemicalsChemicals, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,030 Cr99.3%
- EV ProductsEV Products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹33 Cr0.7%
Valuation
Today, against the company's own history.Gujarat Fluorochemicals PE ratio and valuation
At or below today's level on 72% of 1,176 trading days over the last 5 years.
At or below today's level on 35% of 1,239 trading days over the last 5 years.
At or below today's level on 39% of 1,239 trading days over the last 5 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −24.6% | +5.2% | −28.4% | 0.1% |
| 3 years | +0.2% | −24.3% | +32.2% | 0.1% |
| 5 years | +39.5% | – | – | 0.1% |
Mutual fund holdings
117 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 61 of the 77 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 117 funds holding Gujarat Fluorochemicals
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 42
- CutCut. Funds that held fewer shares than at the end of the month before.
- 35
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 34
| Fund | |||
|---|---|---|---|
| 17,98,000 | 3.99% | ₹792.1 Cr | |
| 13,86,604 | 0.60% | ₹610.8 Cr | |
| 7,43,134 | 0.76% | ₹327.4 Cr | |
| 6,05,000 | 0.53% | ₹266.5 Cr | |
| 4,68,304 | 0.67% | ₹206.3 Cr | |
| 4,68,050 | 4.22% | ₹206.2 Cr | |
| 4,45,811 | 0.80% | ₹196.4 Cr | |
| 3,48,359 | 2.42% | ₹153.5 Cr | |
| 3,28,544 | 0.74% | ₹144.7 Cr | |
| 2,93,975 | 0.36% | ₹129.5 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Gujarat Fluorochemicals insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 13 pledge filings of unclear kind · 1 off-market move
- Others: no market trade
Gujarat Fluorochemicals competitors and peers
Specialty Chemicals, 130 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Gujarat Fluorochemicals in market cap.Chemical companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,41,536 | 52.73 | 12.62 | +16.8% | +20.6% | 25.9% | 29.6% | 0.83% | |
| 69,660 | 30.52 | 4.55 | +19.7% | +41.1% | 16.0% | 15.1% | 0.43% | |
| 43,617 | 55.23 | 10.97 | +42.4% | +122.7% | 23.9% | 20.7% | 0.18% | |
| 21,082 | – | 8.58 | +33.8% | – | – | 10.7% | 0.00% | |
| 20,301 | 25.92 | 3.48 | +7.1% | +29.2% | 14.0% | 14.8% | 0.50% | |
| 15,863 | 29.86 | 2.66 | +27.1% | +123.7% | 9.2% | 7.9% | 0.23% | |
| 15,643 | 35.71 | 5.87 | +7.3% | +5.7% | 17.7% | 17.6% | 0.22% | |
| 15,385 | 19.93 | 2.34 | +18.1% | +42.4% | 12.4% | 12.5% | 0.57% |
Dividends
Per share, by the year it was paid for, and the latest payments.Gujarat Fluorochemicals dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 17 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹3.00 |
| 22 Sep 2025 | Final | ₹3.00 |
| 20 Sep 2024 | Final | ₹3.00 |
| 22 Sep 2023 | Final | ₹2.00 |
| 31 Oct 2022 | Interim | ₹2.00 |
| 21 Sep 2022 | Final | ₹2.00 |
Latest announcements
Routine notices left out.Gujarat Fluorochemicals announcements
Oct 2026
26 Oct · Analysts
26 Oct · Board meeting
Sep 2026
24 Sep · Meeting
Aug 2026
27 Aug · Corporate action
Gujarat Fluorochemicals share price by year
Each calendar year to 2025.Gujarat Fluorochemicals share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,666.30 | −12.0% | 4,232.95 | 3,317.90 |
| 2024 | 4,165.60 | +12.6% | 4,812.65 | 2,782.40 |
| 2023 | 3,699.25 | +18.9% | 3,699.25 | 2,602.95 |
| 2022 | 3,110.80 | +28.8% | 4,084.70 | 2,200.20 |
| 2021 | 2,414.90 | +324.8% | 2,492.75 | 530.00 |
| 2020 | 568.45 | −8.3% | 615.65 | 239.55 |
| 2019 | 620.05 | – | 724.05 | 429.30 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 4,175.70 | 4,288.00 | 4,175.00 | 4,235.70 | 4,245.75 | 95,699 | 52.4% |
| 26 Oct 2026 | 4,205.00 | 4,265.00 | 4,125.00 | 4,197.10 | 4,201.52 | 68,920 | 43.9% |
| 23 Oct 2026 | 4,303.60 | 4,303.60 | 4,086.70 | 4,236.10 | 4,169.95 | 1,44,961 | 50.5% |
| 22 Oct 2026 | 4,368.00 | 4,369.70 | 4,232.00 | 4,303.90 | 4,283.77 | 71,158 | 43.6% |
| 21 Oct 2026 | 4,454.00 | 4,465.40 | 4,295.30 | 4,368.30 | 4,360.18 | 65,703 | 48.8% |
| 19 Oct 2026 | 4,405.00 | 4,519.00 | 4,350.90 | 4,454.10 | 4,477.80 | 1,30,457 | 46.1% |
| 16 Oct 2026 | 4,520.90 | 4,541.20 | 4,378.00 | 4,402.90 | 4,434.43 | 58,969 | 51.0% |
| 15 Oct 2026 | 4,601.00 | 4,650.00 | 4,486.50 | 4,512.50 | 4,531.45 | 82,656 | 53.7% |
| 14 Oct 2026 | 4,555.00 | 4,680.00 | 4,531.50 | 4,632.10 | 4,638.61 | 1,41,412 | 59.7% |
Company details
- NSE symbol
- FLUOROCHEM
- BSE code
- 542812
- ISIN
- INE09N301011
- Industry
- Chemicals & Petrochemicals
- Website
- www.gfl.co.in
- CIN
- L24304HP2018PLC011898
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2018
- Registered office
- Plot No. 1, Khasra Nos. 264 to 267 Industrial Area, Una, Basal 174303, Himachal Pradesh
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments