ICICI Securities cuts Gujarat Fluorochemicsls' EPS for FY26/27E by 3-9% and reduce target price to Rs 3,790, valuing the stock at FY28E P/E multiple of 30x; downgrades to Hold (from Buy).
Gujarat Fluorochemicals’ revenue was up 8.1% YoY to Rs 12.3 billion aided by increase in fluoropolymers segment’s revenue – with higher mix of value added products. (Photo Source: Unsplash.)
Gujarat Fluorochemicals remains confident of approvals, and contracts in battery chemicals for LiPF6 salt, and binders immediately with potential billing to commence in H2 FY26.