Gujarat Fluorochemicals logo

Gujarat Fluorochemicals share price

NSE: FLUOROCHEMBSE: 542812Chemicals & PetrochemicalsMid Cap

Gujarat Fluorochemicals Limited · Face value ₹1 · Listed Oct 2019
Last close ₹4,267.10up ₹31.40 (0.74%)BSE ₹4,258.30

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

52-week range of traded prices to 28 Oct 2026
₹2,916.60Low, 28 Jan 2026₹4,958.90High, 13 Aug 2026
Market cap
₹46,874 Cr230th largest listed
P/E
76.22
P/B
5.96
Dividend yield
0.07%
ROE
8.1%
ROCE
9.8%
Debt to equity
0.28
Volume, NSE
59,29849.4% delivered

Gujarat Fluorochemicals share price chart

Daily closes since Oct 2019, adjusted for splits and bonuses

+18.7%over a year · Nifty Chemicals −8.6% · Nifty 500 −8.8%

ResultsDividend20-session average 99,302 shares a day, 50.9% 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 2026192021
    Itemyear to Mar 2026
    Fluoropolymers₹3,148.78 crore
    Fluorochemicals₹1,073.64 crore
    Bulk chemicals₹637.39 crore
    Battery chemicals₹15.65 crore
    No single customer accounted for more than 10% of revenue in the year to Mar 2026.
  • Revenue growth in the quarter to Jun 2026, against a year earlier2223
    Itemquarter to Jun 2026
    Fluorochemicals52%
    Fluoropolymers15%
    Bulk chemicals11%
    The company said fluorochemicals growth came mainly from R32 refrigerant sales.

Where revenue comes from

  • Share of revenue by region, year to Mar 20262425
    Itemyear to Mar 2026
    India40%
    European Union26%
    America18%
    Rest of the world16%
    The company says it is present in more than 40 countries.

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. 1. Annual report, 27 Aug 2026, page 81
  2. 2. Annual report, 27 Aug 2026, page 14
  3. 3. Exchange filing, 29 Jun 2026, page 2
  4. 4. Exchange filing, 29 Jun 2026, page 3
  5. 5. Annual report, 27 Aug 2026, page 17
  6. 6. Annual report, 27 Aug 2026, page 9
  7. 7. Annual report, 27 Aug 2026, page 232
  8. 8. Annual report, 27 Aug 2026, page 81
  9. 9. Annual report, 27 Aug 2026, page 4
  10. 10. Annual report, 27 Aug 2026, page 150
  11. 11. Annual report, 27 Aug 2026, page 3
  12. 12. Annual report, 27 Aug 2026, page 164
  13. 13. Annual report, 27 Aug 2026, page 5
  14. 14. Earnings call, 12 Aug 2026, page 3
  15. 15. Annual report, 27 Aug 2026, page 18
  16. 16. Annual report, 27 Aug 2026, page 221
  17. 17. Annual report, 27 Aug 2026, page 221
  18. 18. Earnings call, 12 Aug 2026, page 3
  19. 19. Annual report, 27 Aug 2026, page 221
  20. 20. Annual report, 27 Aug 2026, page 221
  21. 21. Annual report, 27 Aug 2026, page 221
  22. 22. Earnings call, 12 Aug 2026, page 4
  23. 23. Earnings call, 12 Aug 2026, page 5
  24. 24. Annual report, 27 Aug 2026, page 11
  25. 25. Annual report, 27 Aug 2026, page 10
  26. 26. Annual report, 27 Aug 2026, page 81
  27. 27. Investor presentation, 12 Aug 2026, page 24
  28. 28. Investor presentation, 12 Aug 2026, page 20
  29. 29. Annual report, 27 Aug 2026, page 19
  30. 30. Earnings call, 12 Aug 2026, page 4
  31. 31. Annual report, 27 Aug 2026, page 81
  32. 32. Earnings call, 12 Aug 2026, page 7
  33. 33. Annual report, 27 Aug 2026, page 19
  34. 34. Earnings call, 12 Aug 2026, page 11
  35. 35. Annual report, 27 Aug 2026, page 34
  36. 36. Earnings call, 12 Aug 2026, page 10
  37. 37. Annual report, 27 Aug 2026, page 19
  38. 38. Exchange filing, 29 Jun 2026, page 2
  39. 39. Earnings call, 12 Aug 2026, page 4
  40. 40. Exchange filing, 10 Jul 2026, page 1
  41. 41. Exchange filing, 26 Jun 2026, page 1
  42. 42. Exchange filing, 26 Jun 2026, page 2
  43. 43. Exchange filing, 27 Mar 2026, page 1
  44. 44. Exchange filing, 27 Mar 2026, page 2

Results

Consolidated; ₹ crore.Gujarat Fluorochemicals quarterly results

Revenue growth, 12 months
+9.5%
Net profit growth, 12 months
−1.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,588 Crup 16.00%
Net profit
₹219 Crup 100.92%
Net margin
13.8%

Revenue by quarter

₹1,188 CrSep 24₹1,148 CrDec 24₹1,225 CrMar 25₹1,281 CrJun 25₹1,210 CrSep 25₹1,136 CrDec 25₹1,369 CrMar 26₹1,588 CrJun 26
Peak revenue ₹1,588 Cr, quarter to Jun 2026; lowest ₹1,136 Cr, quarter to Dec 2025

Net profit by quarter, a loss in red

₹121 CrSep 24₹126 CrDec 24₹191 CrMar 25₹184 CrJun 25₹179 CrSep 25₹102 CrDec 25₹109 CrMar 26₹219 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,1881,1481,2251,2811,2101,1361,3691,588
Net profit121126191184179102109219
Net margin10.2%11.0%15.6%14.4%14.8%9.0%8.0%13.8%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Chemicals₹5,030 Cr99.3%
  • EV Products₹33 Cr0.7%

Valuation

Today, against the company's own history.Gujarat Fluorochemicals PE ratio and valuation

Price to earnings

At or below today's level on 72% of 1,176 trading days over the last 5 years.

LowestHighest
Its median56.19Industry median23.99
Price to book

At or below today's level on 35% of 1,239 trading days over the last 5 years.

LowestHighest
Its median6.41Industry median2.34
Dividend yield

At or below today's level on 39% of 1,239 trading days over the last 5 years.

LowestHighest
Its median0.08%Industry median0.54%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Gujarat Fluorochemicals shareholding pattern

Shareholding by group

  • Promoters61.39%
  • Foreign institutions4.53%
  • Indian institutions13.32%
  • Individuals and others20.75%
Holder
Inox Leasing and Finance LimitedPromoter52.61%
Aryavardhan Trading LLPPromoter5.08%
Akash BhanshaliResident individuals, over ₹2 lakh at face value4.75%
Devansh Trademart LLPPromoter3.65%
Life Insurance Corporation of IndiaInsurance companies2.33%
Vivek Kumar JainPromoter0.04%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 7.53% of their shares. Since Jun 2026: promoters unchanged, foreign institutions +0.12 pts, Indian institutions −0.01 pts, mutual funds unchanged.

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 time
5
Added
42
Cut
35
Held unchanged
34
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Pidilite Industries logoPidilite IndustriesPIDILITIND1,41,53652.7312.62+16.8%+20.6%25.9%29.6%0.83%
SRF logoSRFSRF69,66030.524.55+19.7%+41.1%16.0%15.1%0.43%
Navin Fluorine International logoNavin Fluorine InternationalNAVINFLUOR43,61755.2310.97+42.4%+122.7%23.9%20.7%0.18%
Aether Industries logoAether IndustriesAETHER21,082–8.58+33.8%––10.7%0.00%
Deepak Nitrite logoDeepak NitriteDEEPAKNTR20,30125.923.48+7.1%+29.2%14.0%14.8%0.50%
Aarti Industries logoAarti IndustriesAARTIIND15,86329.862.66+27.1%+123.7%9.2%7.9%0.23%
Fine Organic Industries logoFine Organic IndustriesFINEORG15,64335.715.87+7.3%+5.7%17.7%17.6%0.22%
Atul logoAtulATUL15,38519.932.34+18.1%+42.4%12.4%12.5%0.57%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

Mar 20Mar 214Mar 224Mar 233Mar 243Mar 253Mar 26
Highest ₹4.00 a share, years to Mar 2022 and Mar 2023.
Ex-dateTypePer share
17 Sep 2026Final₹3.00
22 Sep 2025Final₹3.00
20 Sep 2024Final₹3.00
22 Sep 2023Final₹2.00
31 Oct 2022Interim₹2.00
21 Sep 2022Final₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Gujarat Fluorochemicals announcements

Gujarat Fluorochemicals share price by year

Each calendar year to 2025.Gujarat Fluorochemicals share price history

YearClose at year endChangeHighest closeLowest close
20253,666.30−12.0%4,232.953,317.90
20244,165.60+12.6%4,812.652,782.40
20233,699.25+18.9%3,699.252,602.95
20223,110.80+28.8%4,084.702,200.20
20212,414.90+324.8%2,492.75530.00
2020568.45−8.3%615.65239.55
2019620.05–724.05429.30
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 16 Oct 2019.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20264,175.704,288.004,175.004,235.704,245.7595,69952.4%
26 Oct 20264,205.004,265.004,125.004,197.104,201.5268,92043.9%
23 Oct 20264,303.604,303.604,086.704,236.104,169.951,44,96150.5%
22 Oct 20264,368.004,369.704,232.004,303.904,283.7771,15843.6%
21 Oct 20264,454.004,465.404,295.304,368.304,360.1865,70348.8%
19 Oct 20264,405.004,519.004,350.904,454.104,477.801,30,45746.1%
16 Oct 20264,520.904,541.204,378.004,402.904,434.4358,96951.0%
15 Oct 20264,601.004,650.004,486.504,512.504,531.4582,65653.7%
14 Oct 20264,555.004,680.004,531.504,632.104,638.611,41,41259.7%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson and managing director
Vivek Kumar Jain
At the end of the quarter to Jun 2026
Managing director
Bir Kapoor
At the end of the quarter to Jun 2026
NSE symbol
FLUOROCHEM
BSE code
542812
ISIN
INE09N301011
Industry
Chemicals & Petrochemicals
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