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Gujarat FluorochemicalsFLUOROCHEM.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Chemicals: Specialty

Indian maker of fluoropolymers, refrigerant gases and fluorochemicals, part of the Gujarat Fluorochemicals/INOX Group.

≈ India's ChemoursMomentum leader 80
Mkt cap
$5.42B
US dollars, full cap
Free float
34%
of shares outstanding
$/day
$4.69M
20-day average traded
Fwd P/E
53.0×
forward earnings
ROIC−WACC
-7.2 pp
WACC 14.3%
Hurdle
n/a
no reverse DCF
Next earnings
95 days
9 Feb 2027
Close · INR₹4,666
1D-0.9%
1W+9.8%
1M+2.4%
3M+2.6%
6M+22.8%
YTD+27.2%
1Y+27.9%
ATR %3.4%
Beta0.58
52w lowhigh5.9% off high

What Gujarat Fluorochemicals does

Indian maker of fluoropolymers, refrigerant gases and fluorochemicals, part of the Gujarat Fluorochemicals/INOX Group.

In one line: India's Chemours.

Products and services

  • Refrigerant gases
  • Fluoropolymers (PTFE)
  • Fluorospecialty chemicals

Customers

  • HVAC/refrigeration equipment makers
  • Industrial/chemical processing customers
  • Export markets

Where it sits in the supply chain

  • Materials
  • Specialty chemicals
  • Fluorochemicals - India

What could go right

  • Global refrigerant transition (low-GWP) demand
  • Fluoropolymer export growth

What could go wrong

  • Refrigerant regulation (Kigali Amendment) shifts
  • Raw material (fluorspar) cost/availability

Moat: narrow (scale, process know-how, IP / patents). Backward integration into fluorspar/chemical intermediates and process expertise built over decades.

Headquarters: Noida, India · Founded: 1987 · Employees: 6,312

Named competitors

Gujarat Fluorochemicals at a glance

Size Gujarat Fluorochemicals (FLUOROCHEM.NS) is an India Materials company (Chemicals: Specialty) with a market value of $5.42B, the 201st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹4,666 on 6 Nov 2026.

Performance Over six months the shares gained 22.8%, against -11.6% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 20.3% over the last twelve months (peer median +12.2%); the operating margin is 17.4% (peer median 13.8%).

Valuation It trades at 53.0× forward earnings against a peer median of 15.9× (2nd most expensive of 20).

Capital Return on invested capital runs 7.2 points below its cost of capital (14.3% WACC).

Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026FLUOROCHEM.NS 124Peer median 89
Six months, rebased to 100: Gujarat Fluorochemicals against the median of its 20 peers (local-currency closes).

Gujarat Fluorochemicals financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹58.5B₹49.2B₹46.5B₹42.2B₹56.2B
Revenue growth—+6%+10%-25%—
Gross profit₹20.5B₹13.1B₹12.2B₹10.8B₹22.1B
EBITDA₹14.1B₹11.5B₹10.4B₹8.71B₹18.9B
Net income₹6.79B₹5.77B₹5.46B₹4.35B₹13.3B
Free cash flown/a-₹4.11B-₹4.48B-₹4.54B-₹867M
Capital expendituren/a₹12.5B₹8.82B₹9.71B₹7.31B
Total debt₹27.7B₹27.2B₹20.8B₹21.0B₹15.1B

Quarterly statements and history in the cockpit →

Gujarat Fluorochemicals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%-10%0%+10%603260002601300390MXCOROMANDEL6003524021CE01486012164005NAVINFLUOR300037LINDEINDIADESN6036504042600378603379NEUFLUOROCHEM.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Gujarat Fluorochemicals is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%0×50×100×603260002601300390MXCOROMANDEL6003524021CE01484005NAVINFLUOR300037LINDEINDIADESN6036504042600378603379FLUOROCHEM.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Gujarat Fluorochemicals is the large dot.

Gujarat Fluorochemicals competitors and peer comparison

Head to head with its named competitors (FLUOROCHEM.NS vs CC vs SRF.NS vs NAVINFLUOR.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Gujarat Fluorochemicals FLUOROCHEM.NS$5.42B+23%+20%17%53.0×n/a
Chemours CC$1.92B-45%-1%3%8.2×16.1%
Srf SRF.NS$7.67B-11%+20%19%30.3×25.2%
Navin Fluorine International NAVINFLUOR.NS$4.89B+27%+46%30%45.6×34.0%

How Gujarat Fluorochemicals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Gujarat Fluorochemicals against its 20 peers (data as of 6 Nov 2026)
MeasureFLUOROCHEM.NSPeer medianRank in peer set
1-month return+2.4%-4.8%9th highest of 21
6-month return+22.8%-11.6%2nd highest of 21
Distance from 52-week high-5.9%-31.2%2nd highest of 21
Revenue growth (TTM)+20.3%+12.2%8th highest of 21
Operating margin17.4%13.8%10th highest of 21
Forward P/E53.0×15.9×2nd most expensive of 20
ROIC minus cost of capital-7.2 pp+0.4 pplowest of 21
EV / EBITDA37.9×10.5×2nd most expensive of 12
Net debt / EBITDA1.6×0.9×3rd most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Gujarat Fluorochemicals FLUOROCHEM.NSIndia$5.42B+23%+20%17%53.0×n/an/a
Hoshine Silicon Industry 603260.SSChina$5.32B-33%-7%-6%41.7×22.5%+18.5%
LB Group Co., Ltd. Class A 002601.SZChina$5.58B-8%+7%7%22.4×5.0%+12.9%
Canmax Technologies 300390.SZChina$5.62B-64%+98%27%7.3×n/an/a
Methanex MX.TOCanada$5.18B+12%+31%23%6.9×-9.4%+7.1%
Coromandel International COROMANDEL.NSIndia$5.69B-7%+24%8%27.3×n/an/a
Zhejiang Longsheng 600352.SSChina$5.70B-11%-1%19%13.7×-5.2%-3.1%
Nissan Chemical 4021.TJapan$5.72B0%+10%23%15.9×9.3%+6.0%
Celanese CEUnited States$5.10B-19%+1%9%7.6×5.3%+11.0%
Kingboard 0148.HKHong Kong$5.78B-17%+19%15%5.0×n/an/a
Inner Mongolia Junzheng Energy & Chemical 601216.SSChina$5.92B-16%+3%11%12.0×-3.4%+11.3%
Sumitomo Chemical 4005.TJapan$4.93B-7%-2%5%6.9×1.1%+0.4%
Navin Fluorine International NAVINFLUOR.NSIndia$4.89B+27%+46%30%45.6×34.0%+22.7%
Shenzhen Capchem Technology 300037.SZChina$6.16B-21%+72%13%19.0×19.3%+26.6%
Linde India LINDEINDIA.NSIndia$6.20B-13%+13%22%97.2×47.9%+11.5%
Dottikon ES DESN.SWSwitzerland$4.72B-24%+11%27%37.6×12.6%+14.4%
Red Avenue New Materials 603650.SSChina$4.70B-12%+24%9%40.7×n/an/a
Tosoh 4042.TJapan$4.69B-4%-1%11%11.4×-1.5%+6.8%
Haohua Chemical Science & Technology 600378.SSChina$6.29B-9%+20%9%22.1×11.0%+25.2%
Zhejiang Sanmei Chemical Industry 603379.SSChina$4.64B-22%+24%41%13.5×5.4%+16.5%
NewMarket NEUUnited States$6.39B+1%+1%20%n/a-0.8%+6.3%

Questions

Who are Gujarat Fluorochemicals's main competitors?
Named competitors: Chemours (CC), SRF Limited (SRF.NS), Navin Fluorine International (NAVINFLUOR.NS). The cockpit's measured peer set (industry) also includes Hoshine Silicon Industry (603260.SS), LB Group Co., Ltd. Class A (002601.SZ), Canmax Technologies (300390.SZ), Methanex (MX.TO), Coromandel International (COROMANDEL.NS), Zhejiang Longsheng (600352.SS).
Is Gujarat Fluorochemicals expensive compared with its peers?
On forward p/e it trades at 53.0× against a peer median of 15.9×, 2nd most expensive of 20 in its peer set.
How has Gujarat Fluorochemicals stock performed?
Over six months to 6 Nov 2026 the shares returned +22.8% against -11.6% for the median peer; over one year +27.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.