Specialty Chemicals & Gases

Gujarat Fluorochemicals

FLUOROCHEMNSEMid Cap

Live₹3,808syncing…

Fluorochemicals, PTFE, refrigerants and battery/semiconductor materials player.

Market Cap

₹41.8k cr

Price

3808

1Y 22%

Direct exposure

35/100

0–100 directness

Hold / Watchlist

Fundamental

52/ 100

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

84/ 100

Trend, momentum, volume and relative strength composite

Valuation

30/ 100

Higher = cheaper vs peers and own history

Final composite

56/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

Gujarat Fluorochemicals · FLUOROCHEM

₹3,808-7.78% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

52/ 100C

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 52

Growth quality/ 20

6.2

Rev 1Y 13.1% · 3Y CAGR 5.6%

Margin & profitability/ 15

9.8

EBITDA 20.2% · PAT 12.3%

Return on capital/ 20

7.4

ROCE 14% · ROE 10%

Cash flow quality/ 15

8.1

OCF/EBITDA 70% · FCF yield -0.9%

Leverage discipline/ 10

6.7

Net Debt/EBITDA 1.00x

Reinvestment runway/ 8

3.6

ROCE × retention proxy

Accounting quality/ 7

6.1

OCF conversion proxy

Governance/ 5

3.9

Pledge 0.0% · Risk 22/100

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

84/ 100A

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 84

Trend structure/ 20

19.5

Above 200DMA · -6% from 52W high

Momentum velocity/ 15

12.8

RSI(14) 52 · 1M 1.0%

Volume dynamics/ 15

10.5

Bucket: Mid Cap

Relative strength/ 15

8.5

RS vs Nifty 4%

MA cluster/ 10

10.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

9.0

RSI(14) 52; ideal 50-60

Volatility profile/ 8

6.8

Bucket: Mid Cap

Pattern integrity/ 7

7.0

Trend continuation proxy

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: Specialty Chemicals & Gases · 35/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 22/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Fluorochemicals platform with EV battery and semicon-grade optionality; valuations rich.

Bull case

+Battery materials optionality
+PTFE leadership
+Semicon-grade exposure

Bear case

−Cyclical refrigerants
−Capex absorption
−Margin volatility

Key monitorables

Battery materials revenueSemicon-grade rampROCE trajectory

Semiconductor exposure

How direct, how visible

Primary segment

Specialty Chemicals & Gases

All segments

Specialty Chemicals & Gases, Raw Materials

Exposure type

Ancillary

Policy beneficiary

Yes

Import substitution

Medium / Low

Governance risk score

22/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

13.1%

Rev CAGR (3Y)

5.6%

EBITDA margin

20.2%

PAT margin

12.3%

ROCE

14%

ROE

10%

OCF / EBITDA

70%

Net Debt / EBITDA

1.0x

Promoter holding

66.0%

Promoter pledge

0.0%

Valuation

P/E (TTM)

63.8

Forward P/E

40.0

EV/EBITDA

44.2

EV/Sales

8.9

P/B

7.1

FCF Yield

-0.9%

Dividend Yield

0.10%

Hist. percentile

70%

Peer percentile

75%

Technicals

RSI(14)

1M return

1.0%

1Y return

22%

From 52W high

-6%

RS vs Nifty

>200 DMA

Yes

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹4.5k cr	₹4.7k cr	₹4.1k cr	₹5.8k cr	₹4.0k cr	₹2.7k cr	₹2.7k cr
↳ YoY growth	-3.0%	+13.1%	-28.7%	+46.0%	+47.0%	-0.5%	—
EBITDA	₹1.2k cr	₹946 cr	₹2.2k cr	₹1.3k cr	₹764 cr	₹627 cr	₹868 cr
↳ EBITDA margin	26.2%	20.2%	52.0%	22.3%	19.2%	23.2%	31.9%
PAT	₹674 cr	₹575 cr	₹419 cr	₹1.4k cr	₹774 cr	₹-228 cr	₹190 cr
↳ PAT margin	14.9%	12.3%	10.1%	23.4%	19.5%	-8.4%	7.0%
OCF	₹617 cr	₹658 cr	₹787 cr	₹777 cr	₹619 cr	₹534 cr	₹799 cr
↳ OCF / EBITDA	51.8%	69.5%	36.5%	60.0%	81.0%	85.3%	92.1%
FCF (= OCF − capex)	₹232 cr	₹-371 cr	₹253 cr	₹114 cr	₹246 cr	₹-657 cr	₹347 cr
Total Equity	₹6.5k cr	₹5.9k cr	₹5.5k cr	₹4.2k cr	₹3.5k cr	₹3.7k cr	₹3.5k cr
Total Assets	₹9.6k cr	₹9.1k cr	₹8.3k cr	₹6.8k cr	₹5.9k cr	₹6.0k cr	₹4.8k cr
↳ ROE	10.4%	9.7%	7.6%	32.1%	22.3%	-6.2%	5.4%
↳ ROA	7.0%	6.3%	5.1%	19.9%	13.2%	-3.8%	3.9%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 3.1%

Promoter

61.4%

Mutual Funds

9.3%

FII

4.3%

Public

20.9%

Promoter holding trend

63.8

Mar

62.6

Jun

62.6

Sep

62.6

Dec

62.6

Mar

62.6

Jun

61.4

Sep

61.4

Dec

61.4

Mar

Δ:-2.4% over 9 quartersWatch — meaningful dilution

Commentary

·Pledge volatile: declined from 5% to 0% then rose back to 3.1% in Mar 2026
·Promoter stable around 61-62%

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Acceptable returns on capital, room for sharper allocation.

ROCE 14%, div yield 0.1%

Promoter holding

Promoter has strong skin in the game.

66.0%

Promoter pledge

No pledging — cleanest signal.

0.0%

Debt discipline

Comfortable leverage band.

Net Debt/EBITDA 1.00x

Cash conversion

Acceptable conversion; track working capital cycles.

OCF/EBITDA 70%

Governance composite

Some watchpoints; nothing disqualifying.

22/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Continued execution and policy tailwinds. The market has rewarded Gujarat Fluorochemicals for delivery and is paying a premium for what comes next.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers

×Working capital blowout disclosed in next quarterly result
×Multiple compression on a single weak earnings print

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation