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Gujarat Fluorochemicals- At The Cusp Of Inflection In Earnings Growth, Says ICICI Securities, Maintaining Buy
ICICI Securities is positive on Gujarat Fluorochemicals, ratains 'Buy' on the stock, sees 12% upside.
25 Feb 2025, 09:39 AM IST 
Gujarat Fluorochemicals’ fluoropolymers business had strong FY22/FY23 with sharp rise in volumes, and it also took price increase across fluoropolymers.
(Photo source: GFL website)
Gujarat Fluorochemicals has added large capacity which should aid in winning market share. Ref-gas should benefit from tight-supply situation; R-32 capacity could commission in FY27E. The brokerage's assumption under appreciates battery chemicals potential; and sees healthy balance sheet and return ratios. Maintain Buy.
