Gujarat Fluorochemicals Q3 Results Review - On The Path To Recovery: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Research Report.Gujarat Fluorochemicals Ltd. registered a strong quarter with revenue and margins expanding on a QoQ basis after three consecutive quarters of deceleration QoQ. Although fluoropolymers saw a decline, the growth in fluorochemicals and bulk chemicals was promising, in our view. We believe that the destocking from China is largely over, which should lead to strong top-line growth over the next couple of years. Furthermore, Gujarat Fluorochemicals’ expansion in electric vehicle/ESS battery segment comes at a right time as the industry is expected to grow at an astronomical rate. We remain positive on the long-term prospects of the Company. Currently, the stock is trading at 85.6 times/ 36.5 times/28.1 times FY24E/FY25E/FY26E earnings per share, respectively. We introduce FY26E EPS of Rs 127.4 and assign a PE multiple of 30.5 times to arrive at a target price of Rs 3,884 (Rs 2,988 previously). Given the 8.6% upside from current levels, we retain our 'Accumulate' rating on Gujarat Fluorochemicals..Click on the attachment to read the full report:.Gland Pharma Q3 Results Review - Core Markets Business Drive Earnings: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gujarat Fluorochemicals Q3 Results Review - On The Path To Recovery: DRChoksey

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