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ICICI Securities Report
We hosted Gujarat Fluorochemicals Ltd.'s management for an investor meet in Mumbai. Company is optimistic about the rising opportunity in fluoropolymers and battery chemicals over next five-10 years.
It plans to expand capacity by seven times in fluoroelastomers, four times in polyvinylidene difluoride, and four times in perfluoroalkoxy over the next two years, which will significantly drive revenue growth in new fluoropolymers.
These are high-value products on which realisations currently are at $25-40/kg, and Ebitda margins are higher than the company average. Post FY25, Gujarat Fluorochemicals expects significant opportunities from battery chemicals for which it is planning to commercialise the first plant in next two quarters.
Gujarat Fluorochemicals is well placed to increase its revenues on the back of its significant exposure to new-age industries of battery, solar and green hydrogen. It aspires to double the revenue in next three years and maintain Ebitda margin at 30-35% at least.
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